Financial Highlights /Appendix

October 30, 2012
QUARTERLY REPORT
Half year ended September 30, 2012
(Results for the Period from April 1, 2012 to September 30, 2012)
Three months ended September 30, 2012
(Results for the Period from July 1, 2012 to September 30, 2012)
Performance Outline (Consolidated)
(1) Half year ended September 30, 2012, 2011 and Year ending March 31, 2013 (Forecast)
(Billions of yen)
Half year ended
September 30, 2011
Results
Domestic sales
Overseas sales
Net sales
Gross profit
Operating income (loss)
Income (loss) before income taxes
Net income (loss) attributable to Ricoh Company, Ltd.
Exchange rate (Yen/US$)
Exchange rate (Yen/EURO)
Net income (loss) attributable to Ricoh Company, Ltd.
shareholders per share-basic (yen)
Net income (loss) attributable to Ricoh Company, Ltd.
shareholders per share-diluted (yen)
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
Half year ended
September 30, 2012
Results
Ricoh Company, Ltd. shareholders' equity per share (yen)
Change
430.7
486.7
917.4
374.4
27.3
24.4
11.7
-0.9%
-3.5%
-2.3%
-3.2%
-
887.0
1,013.0
1,900.0
755.0
70.0
62.5
33.0
0.1%
-0.4%
-0.2%
0.3%
-
79.82
113.94
79.43
100.66
-0.39
-13.28
77.22
100.33
-1.86
-8.72
-12.12
16.15
28.27
45.51
106.93
-12.12
-
-
-
-
15.5
-52.9
5.8
133.6
28.4
-52.6
-3.3
122.9
12.8
0.3
-9.2
-10.6
-
-
36.8
30.8
59.7
41.3
30.6
54.7
4.4
-0.2
-5.0
79.0
64.0
117.0
5.7
-0.9
-2.0
March 31, 2012
Ricoh Company, Ltd. shareholders' equity ratio (%)
Change
434.5
504.5
939.0
386.8
-2.0
-9.7
-8.7
Capital expenditures
Depreciation for tangible fixed assets
R&D expenditures
Total assets
Ricoh Company, Ltd. shareholders' equity
Interest-bearing debt
Year ending
March 31, 2013
Forecast
September 30, 2012
Change
2,289.3
822.7
741.8
2,218.5
801.3
742.4
-70.8
-21.3
0.6
35.9
36.1
0.2
1,134.64
1,105.21
-29.43
(2) Three months ended September 30, 2011 and 2012
(Billions of yen)
Three months ended
September 30, 2011
Results
Domestic sales
Overseas sales
Net sales
Gross profit
Operating income (loss)
Income (loss) before income taxes
Net income (loss) attributable to Ricoh Company, Ltd.
Exchange rate (Yen/US$)
Exchange rate (Yen/EURO)
Net income (loss) attributable to Ricoh Company, Ltd.
shareholders per share-basic (yen)
Net income (loss) attributable to Ricoh Company, Ltd.
shareholders per share-diluted (yen)
Capital expenditures
Depreciation for tangible fixed assets
R&D expenditures
Three months ended
September 30, 2012
Results
Change
219.2
252.4
471.6
189.2
-13.3
-19.0
-13.7
215.3
242.7
458.0
184.5
13.1
12.2
5.1
-1.8%
-3.8%
-2.9%
-2.5%
-
77.94
110.31
78.64
98.29
0.70
-12.02
-18.92
7.13
26.05
-18.92
-
-
20.0
15.2
31.7
22.1
15.9
27.7
2.1
0.6
-4.0
Ricoh Company, Ltd.
* The Company bases the forecast estimates for the fiscal year ending March 31, 2013 above upon information currently available to management, which involves risks and
uncertainties that could cause actual results to differ materially from those projected.
*During the previous fiscal year, Ricoh has accounted for subsidiaries that changed their fiscal year-ends from December 31 to March 31 as if their fiscal year-ends in prior
years were March 31 and has restated consolidated financial statements for the second quarter of fiscal year 2011.
1
Ricoh Company, Ltd. and Consolidated Subsidiaries
Financial Highlights for the Second Quarter Ended September 30, 2012 (U.S. GAAP Financial Information)
1. Results for the Period from April 1, 2012 to September 30, 2012
(1) Operating Results
Half year ended
September 30, 2011
939,082
-3.3
-2,033
-9,724
-8,792
-
(Millions of yen)
Half year ended
September 30, 2012
917,467
-2.3
27,388
24,490
11,713
-
Net sales
(% change from the previous corresponding period)
Operating income (loss)
(% change from the previous corresponding period)
Income (loss) before income taxes
(% change from the previous corresponding period)
Net income (loss) attributable to Ricoh Company, Ltd.
(% change from the previous corresponding period)
Net income (loss) attributable to Ricoh Company, Ltd. shareholders
per share-basic (yen)
-12.12
Net income (loss) attributable to Ricoh Company, Ltd. shareholders
per share-diluted (yen)
-12.12
Notes:
i. Comprehensive income: ¥ -13,035 million (¥ -54,614 million in income in previous fiscal year)
(2) Financial Position
March 31, 2012
2,289,358
879,018
822,704
35.9
Total assets
Total equity
Ricoh Company, Ltd. shareholders' equity
Ricoh Company, Ltd. shareholders' equity ratio (%)
16.15
-
(Millions of yen)
September 30, 2012
2,218,515
859,426
801,349
36.1
2. Dividend information
Year ended
Year ending
March 31, 2012
March 31, 2013
(Results)
(Forecast)
Cash dividends, applicable to the year (yen)
Interim (yen)
Year-end (yen)
25.00
16.50
8.50
29.00
12.50
16.50
Notes: Revision of expected dividends during this period: Yes
3. Forecast of Operating Results from April 1, 2012 to March 31, 2013
Net sales
Operating income
Income before income taxes
Net income attributable to Ricoh Company, Ltd.
Net income attributable to Ricoh Company, Ltd. shareholders
per share (yen)
(Millions of yen)
Year ending
March 31, 2013
1,900,000
70,000
62,500
33,000
45.51
Notes: Revision of forecast of consolidated operating results during this period: Yes
4. Others
(1) Changes in significant subsidiaries: No
(2) Adoption of concise quarterly accounting method or procedure: No
(3) Changes in accounting method: Yes
* For details see "4.Others"on page 5.
(4) Number of common stock outstanding (including treasury stock):
As of September 30, 2012 744,912,078 shares As of March 31, 2012 744,912,078 shares
(5) Number of treasury stock:
As of September 30, 2012 19,845,523 shares As of March 31, 2012 19,831,060 shares
(6) Average number of common stock:
Half year ended September 30, 2012 725,073,617 shares Half year ended September 30, 2011 725,501,005 shares
2
Consolidated Performance
1. Operating results
*Overview
Consolidated net sales of Ricoh Group for the first half of fiscal year 2012 (the six months period from April 1,
2012 to September 30, 2012) decreased by 2.3% as compared to the previous corresponding period, to ¥917.4
billion. During this period, the average yen exchange rates were ¥79.43 against the U.S. dollar (up ¥0.39 from the
previous corresponding period) and ¥100.66 against the Euro (up ¥13.28 from the previous corresponding period).
Net sales would have increased by 0.6% excluding impact of such foreign currency exchange fluctuation.
The Japanese economy has shown signs of gradual recovery as demand for reconstruction increased and supply
chains recovered as production facilities were restored in the areas affected by the Great East Japan Earthquake. The
business environment surrounding Ricoh however remains unpredictable due to the continued strength of the Yen
against the U.S. dollar and the Euro along with new signs of a global slowdown underway. Under such conditions,
domestic sales in the Imaging & Solutions segment and the Industrial Products segment decreased from the previous
corresponding period. The Other segment increased compared to the previous corresponding period due to the
additional sales contribution from Pentax Ricoh Imaging Co., Ltd. Overall, domestic sales decreased by 0.9%
compared to the previous corresponding period.
Outside of the domestic market, the U.S. economy is showing signs of a modest recovery but the European economy
continues to remain stagnant along with signs of economic slowdown in China and the rest of the emerging markets.
These economic conditions together with the strong Yen have affected the overseas sales of Ricoh.
As for overseas sales by region, sales in the Americas remained flat compared to the previous corresponding period
(an increase of 0.5% excluding foreign currency exchange fluctuation), sales in Europe, Middle East and Africa
decreased by 10.0% due to the economic uncertainties in the region along with the Yen's appreciation against the
Euro (an increase of 1.8% excluding foreign currency exchange fluctuation). Sales in Other region, which includes
China, South East Asia and Oceania, increased by 4.8% (7.6%, excluding foreign currency exchange fluctuation).
As a result, sales in the overseas market decreased by 3.5% as compared to the previous corresponding period.
Excluding effects of foreign currency fluctuations, net sales in overseas would have increased by 1.9% as compared
to the previous corresponding period.
Gross profit decreased by 3.2% as compared to the previous corresponding period to ¥374.4 billion, despite ongoing
cost reduction efforts and the addition of Pentax Ricoh Imaging Co., Ltd. This decrease is primarily due to the
appreciation of the Yen.
The group-wide activities to streamline costs has contributed significantly in reducing selling, general and
administrative expenses. The costs related to these activities has decreased in the first half of 2012, compared to the
previous corresponding period. As a result, the selling, general and administrative expenses decreased by 10.8% as
compared to the previous corresponding period to ¥347.0 billion.
As a result, operating income increased to ¥27.3 billion (operating loss was ¥0.2 billion for the previous
corresponding period).
As for other (income) expenses, foreign exchange loss decreased as compared to the previous corresponding period
and interest and dividend income increased as compared to the previous corresponding period. As a result, income
before income taxes increased as compared to the previous corresponding period; to ¥24.4 billion (loss before
income taxes was ¥9.7 billion for the previous corresponding period).
As a result, net income attributable to Ricoh Company, Ltd. increased by ¥20.5 billion as compared to the previous
corresponding period; to ¥11.7 billion (net loss was ¥8.7 billion for the previous corresponding period).
The comprehensive loss for the half year ended September 30, 2012, decreased due primarily by the increase in net
income and the decrease of cumulative translation adjustments.
3
*Conditions by Product Line
Conditions by Product Line for half year ended September 30, 2012 are as follows;
Imaging & Solutions (Sales down 3.8% to ¥797.6 billion)
Office Imaging (Sales down 4.9% to ¥626.2 billion)
Sales in this category decreased by 4.9% as compared to the previous corresponding period, to ¥626.2 billion. The sales would have
decreased by 1.5% excluding the effects of foreign currency fluctuations.
While sales of monochome printers increased, the sales of color printers decreased as well as the sales of color and monochome
PPCs and MFPs as compared to the previous corresponding period.
Production Printing (Sales down 4.6% to ¥69.4 billion)
Sales in this category decreased by 4.6% as compared to the previous corresponding period, to ¥69.4 billion due primarily to the
appreciation of the Yen, despite increases in the sales of cut sheet products in the domestic market.
Network System Solutions (Sales up 3.9% to ¥101.9 billion)
Sales in this category increased by 3.9% as compared to the previous corresponding period, to ¥101.9 billion due primarily to the
increase in overseas sales of software and IT services.
As a result, sales in the Imaging & Solutions segment decreased by3.8% as compared to the previous corresponding period, to ¥797.6
billion. Operating income increased by 60.8% as compared to the previous corresponding period, to ¥59.5 billion due primarily to
decrease in restructuring costs that contributed to the decrease in selling, general and administrative expenses.
Industrial Products (Sales down 6.2% to ¥47.4 billion)
Sales in the Industrial Products segment decreased by 6.2%, as compared to the previous corresponding period, to ¥47.4 billion. Sales of
thermal media products increased from the previous corresponding period but the sales of semiconductor devices and electronic
components decreased as compared to the previous corresponding period.The group-wide activities to streamline costs has contributed
to the decrease in selling, general and administrative expenses, which also helped to reduce operating loss for this segment to a total of ¥
0.6 billion (operating loss was ¥2.1 billion for the previous corresponding period).
Other (Sales up 22.3% to ¥72.3 billion)
Net sales in the Other segment increased by 22.3% as compared to the previous corresponding period, to ¥72.3 billion due to increase in
sales from Pentax Ricoh Imaging Co., Ltd. As a result operating loss in the Other segment amounted to ¥0.7 billion (operating loss was
¥2.4 billion for the previous corresponding period).
2. Financial Position
*Assets, Liabilities and Equity
For Assets, cash and time deposits and trade receivables decreased from the end of the previous fiscal year. The yen equivalent of
foreign-currency-denominated assets decreased due to the appreciation of the Yen developed from the previous fiscal year. As a result,
total assets decreased by ¥70.8 billion, to ¥2,218.5 billion.
For Liabilities, the domestic trade payable amount decreased, which caused the total liabilities to decrease by ¥51.2 billion, to ¥1,359.0
billion.
For Total Equity, the accumulated other comprehensive loss increased due primarily to the fluctuation of cumulative translation
adjustments reflecting exchange fluctuation from the end of the previous period. As a result, Total Equity decreased by ¥19.5 billion
from the end of the previous fiscal year, to ¥859.4 billion.
*Cash Flows (Half year ended September 30, 2012)
Net cash provided by operating activities in this period increased by ¥12.8 billion, as compared to the previous corresponding period, to
¥28.4 billion.
Net cash used in investing activities in this period decreased by ¥0.3 billion as compared to the previous corresponding period, to ¥52.6
billion.
As a result, free cash outflows generated by operating and investing activitiesdecreased by ¥13.2 billion, compared to the previous
corresponding period, to ¥24.1 billion.
Net cash provided by financing activities in this period was a negative ¥3.3 billion as compared to the previous corresponding period,
which was a positive ¥5.8 billion.
As a result, cash and cash equivalents at the end of this first half decreased by ¥33.2 billion as compared to the end of the previous fiscal
year, to ¥122.9 billion.
4
3. Forecast for the entire fiscal year
Based on the changes in the business environment and the second quarter business results, Ricoh will revise its
forecast of sales and gross profit downwards from those previously announced in July. Ricoh assumes the exchange
rates of ¥75.00 against the U.S. dollar and of ¥100.00 against the Euro in and after the third quarter, and has
incorporated the actual exchange rates during the first half of fiscal year 2012 in the annual exchange rates
assumption.
Furthermore, taking into consideration the forecasted dividend at year end announced in July along with our forecast
for the entire fiscal year, the year end dividend forecast has been revised upward to ¥16.50 from ¥12.50 for a total
cash dividend of ¥29.00 applicable to the year.
Our performance forecast for fiscal year 2013 is as follows:
Exchange Rate Assumptions for the full year ending March 31, 2013
US$ 1 = ¥77.22 (¥79.08 in previous fiscal year)
EURO 1 = ¥100.33 (¥109.05 in previous fiscal year)
(Billions of yen)
Domestic sales
Overseas sales
Net sales
Gross profit
Operating income (loss)
Income (loss) before income taxes
Net income (loss) attributable
to Ricoh Company, Ltd.
Year ending
March 31, 2012
(Results)
886.4
1,017.0
1,903.4
752.6
-18.0
-31.9
Year ended
March 31, 2013
(Forecast)
887.0
1,013.0
1,900.0
755.0
70.0
62.5
-44.5
33.0
Change
0.1%
-0.4%
-0.2%
0.3%
-
* Ricoh bases the forecast estimates for the year ending March 31, 2013 above upon information currently available to
management, which involves risks and uncertainties that could cause actual results to differ materially from those projected.
4. Others
(1) Changes in significant subsidiaries:
Not applicable
(2) Adoption of concise quarterly accounting method or procedure:
Not applicable
(3) Changes in accounting method:
Ricoh adopted Accounting Standards Codification TM 220 as from April 1 2012, which was revised based on Accounting
Standards Update (ASU) 2011-05 and 2011-12. ASU 2011-05 requires an entity to present net income and other comprehensive
income either in a single continuous statement or in two separate, but consecutive, statements. This ASU also requires separate
presentation in both net income and other comprehensive income of reclassification adjustments for items that are reclassified
from other comprehensive income to net income. ASU 2011-12 defers the effective date for only the presentation requirements
related to reclassifications in ASU 2011-05.
Ricoh has presented this requirement in two separate, but consecutive statements. Management believes this adoption has not
made a material effect on Ricoh's consolidated financial statements.
The Company and its most of subsidiaries in Japan changed depreciation method of property, plant and equipment from decliningbalance method to straight-line method for the period beginning after April 1, 2012. Management believes that straight-line
method is appropriate in line with future use of property, plant and equipment.
The effect generated from this change will be accounted for the periods onward because the change in depreciation method is
applicable to the change in accounting estimate.
Management believes this change has not made a material effect on Ricoh's consolidated financial statements.
During the previous fiscal year, Ricoh has accounted for subsidiaries that changed their fiscal year-ends from December 31 to
March 31 as if their fiscal year-ends in prior years were March 31 and has restated prior-year consolidated financial statements for
the first quarter of fiscal year 2011.
5
5. Consolidated Financial Statements
(1) Consolidated Balance Sheets
Assets
March 31, 2012
Current Assets
Cash and time deposits
Trade receivables
Inventories
Other current assets
Total Current Assets
Fixed Assets
Tangible fixed assets
Finance receivables
Other investments
Total Fixed Assets
Total Assets
Note:
Contents of cash and time deposits;
Cash and cash equivalents
Time deposits
September 30, 2012
158,671
686,930
195,009
65,896
1,106,506
126,273
660,307
196,695
65,286
1,048,561
-32,398
-26,623
1,686
-610
-57,945
268,527
468,004
446,321
1,182,852
2,289,358
271,986
470,661
427,307
1,169,954
2,218,515
3,459
2,657
-19,014
-12,898
-70,843
156,210
2,461
122,965
3,308
Liabilities and Equity
March 31, 2012
Current Liabilities
Trade payables
Short-term borrowings
Other current liabilities
Total Current Liabilities
Fixed Liabilities
Long-term indebtedness
Accrued pension and severance costs
Other fixed liabilities
Total Fixed Liabilities
Total Liabilities
Equity
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Treasury stock
Total Ricoh Company, Ltd. shareholders' equity
Noncontrolling interests
Total Equity
Total Liabilities and Equity
Note:
Accumulated other comprehensive loss;
Net unrealized holding gains (losses) on available-for-sale securities
Pension liability adjustments
Net unrealized gains (losses) on derivative instruments
Cumulative translation adjustments
Reference: Exchange rate
US$ 1
EURO 1
6
(Millions of yen)
Change
September 30, 2012
(Millions of yen)
Change
252,209
216,432
204,383
673,024
227,929
224,230
188,815
640,974
-24,280
7,798
-15,568
-32,050
525,435
164,757
47,124
737,316
1,410,340
518,263
156,550
43,302
718,115
1,359,089
-7,172
-8,207
-3,822
-19,201
-51,251
135,364
186,083
742,549
-204,175
-37,117
822,704
56,314
879,018
2,289,358
135,364
186,083
748,092
-231,070
-37,120
801,349
58,077
859,426
2,218,515
5,543
-26,895
-3
-21,355
1,763
-19,592
-70,843
March 31, 2012
3,681
-67,578
-1,153
-139,125
September 30, 2012
2,197
-64,132
-1,333
-167,802
Change
-1,484
3,446
-180
-28,677
March 31, 2012
¥82.19
¥109.80
September 30, 2012
¥77.60
¥100.24
(2) Consolidated Statements of Income and Consolidated Statement of Comprehensive Income
Consolidated Statements of Income
(Millions of yen)
Half year ended September 30, 2012 and 2011
Net sales
Cost of sales
Percentage of net sales (%)
Gross Profit
Percentage of net sales (%)
Selling, general and administrative expenses
Percentage of net sales (%)
Operating income (loss)
Percentage of net sales (%)
Other (income) expenses
Interest and dividend income
Percentage of net sales (%)
Interest expense
Percentage of net sales (%)
Other, net
Percentage of net sales (%)
Income (loss) before income taxes,
equity income and noncontrolling interests
Percentage of net sales (%)
Provision for income taxes
Percentage of net sales (%)
Equity in earnings of affiliates
Percentage of net sales (%)
Consolidated net income (loss)
Percentage of net sales (%)
Net income attributable to noncontrolling interests
Percentage of net sales (%)
Net income (loss) attributable to Ricoh Company, Ltd.
Percentage of net sales (%)
Reference : Exchange rate
US$ 1
EURO 1
Half year ended
September 30, 2011
939,082
552,230
58.8
386,852
41.2
388,885
41.4
-2,033
-0.2
Half year ended
September 30, 2012
917,467
543,061
59.2
374,406
40.8
347,018
37.8
27,388
3.0
1,503
0.2
3,430
0.4
5,764
0.6
1,536
0.2
3,555
0.4
879
0.1
-9,724
-1.0
-3,083
-0.3
-1
-0.0
-6,642
-0.7
2,150
0.2
Net income (loss) attributable to Ricoh Company, Ltd.
Percentage of net sales (%)
Reference : Exchange rate
US$ 1
EURO 1
%
-2.3
-1.7
-12,446
-3.2
-41,867
-10.8
29,421
-
33
2.2
125
3.6
-4,885
-84.8
24,490
2.7
10,401
1.2
57
0.0
14,146
1.5
2,433
0.2
34,214
-
13,484
-
58
-
20,788
-
283
13.2
-8,792
-0.9
11,713
1.3
20,505
-
September 30, 2011
¥79.82
¥113.94
September 30, 2012
¥79.43
¥100.66
Three months ended
September 30, 2011
471,689
282,428
59.9
189,261
40.1
202,620
42.9
-13,359
-2.8
Three months ended
September 30, 2012
458,080
273,572
59.7
184,508
40.3
171,401
37.4
13,107
2.9
896
0.2
1,967
0.4
4,581
1.0
694
0.2
2,034
0.4
-448
-0.0
-19,011
-4.0
-6,254
-1.3
7
0.0
-12,750
-2.7
975
0.2
(Millions of yen)
Three months ended September 30, 2012 and 2011
Net sales
Cost of sales
Percentage of net sales (%)
Gross Profit
Percentage of net sales (%)
Selling, general and administrative expenses
Percentage of net sales (%)
Operating income (loss)
Percentage of net sales (%)
Other (income) expenses
Interest and dividend income
Percentage of net sales (%)
Interest expense
Percentage of net sales (%)
Other, net
Percentage of net sales (%)
Income (loss) before income taxes,
equity income and noncontrolling interests
Percentage of net sales (%)
Provision for income taxes
Percentage of net sales (%)
Equity in earnings of affiliates
Percentage of net sales (%)
Consolidated net income (loss)
Percentage of net sales (%)
Net income attributable to noncontrolling interests
Percentage of net sales (%)
Change
-21,615
-9,169
Change
-13,609
-8,856
%
-2.9
-3.1
-4,753
-2.5
-31,219
-15.4
26,466
-
-202
-22.5
67
3.4
-5,029
-
12,215
2.7
5,732
1.3
16
0.0
6,499
1.4
1,323
0.3
31,226
-
11,986
-
9
128.6
19,249
-
348
35.7
-13,725
-2.9
5,176
1.1
18,901
-
September 30, 2011
¥77.94
¥110.31
September 30, 2012
¥78.64
¥98.29
7
Consolidated Statements of Comprehensive Income
Half year ended September 30, 2012 and 2011
(Millions of yen)
Consolidated net income (loss)
Other comprehensive income (loss), net of tax
Net unrealized holding losses on available-for-sale securities
Pension liability adjustments
Net unrealized gains (losses) on derivative instruments
Foreign currency translation adjustments
Comprehensive gain (loss)
Comprehensive income attributable to noncontrolling interests
Comprehensive gain (loss) attributable to Ricoh Company, Ltd.
Reference : Exchange rate
US$ 1
EURO 1
Half year ended
September 30, 2011
-6,642
Half year ended
September 30, 2012
14,146
Change
20,788
-2,435
-556
-27
-44,954
-47,972
-54,614
2,006
-56,620
-1,489
3,448
-292
-28,848
-27,181
-13,035
2,147
-15,182
946
4,004
-265
16,106
20,791
41,579
141
41,438
September 30, 2011
¥79.82
¥113.94
September 30, 2012
¥79.43
¥100.66
Three months ended September 30, 2012 and 2011
(Millions of yen)
Three months ended
Three months ended
September 30, 2011
September 30, 2012
-12,750
6,499
Consolidated net income (loss)
Other comprehensive income (loss), net of tax
Net unrealized holding losses on available-for-sale securities
Pension liability adjustments
Net unrealized gains (losses) on derivative instruments
Foreign currency translation adjustments
Comprehensive gain (loss)
Comprehensive income attributable to noncontrolling interests
Comprehensive gain (loss) attributable to Ricoh Company, Ltd.
Reference : Exchange rate
US$ 1
EURO 1
8
-1,738
-1,304
502
-38,663
-41,203
-53,953
891
-54,844
-790
3,703
-3
807
3,717
10,216
1,299
8,917
September 30, 2011
¥77.94
¥110.31
September 30, 2012
¥78.64
¥98.29
Change
19,249
948
5,007
-505
39,470
44,920
64,169
408
63,761
Consolidated Sales by Product Category
Half year ended September 30, 2012 and 2011
(Millions of yen)
Half year ended
September 30, 2011
<Imaging & Solutions>
Office Imaging
Percentage of net sales (%)
Production Printing
Percentage of net sales (%)
Network System Solutions
Percentage of net sales (%)
Imaging & Solutions Total
Percentage of net sales (%)
<Industrial Products>
Industrial Products
Percentage of net sales (%)
<Other>
Other
Percentage of net sales (%)
Grand Total
Percentage of net sales (%)
Reference : Exchange rate
US$ 1
EURO 1
Half year ended
September 30, 2012
Change
658,485
70.1
72,769
7.7
98,055
10.4
829,309
88.2
626,280
68.3
69,435
7.6
101,922
11.1
797,637
87.0
-32,205
-4.9
-3,334
-4.6
3,867
3.9
-31,672
-3.8
50,589
5.4
47,437
5.2
-3,152
-6.2
59,184
6.4
939,082
100.0
72,393
7.8
917,467
100.0
13,209
22.3
-21,615
-2.3
¥79.82
¥113.94
¥79.43
¥100.66
Three months ended September 30, 2012 and 2011
(Millions of yen)
Three months ended
September 30, 2011
<Imaging & Solutions>
Office Imaging
Percentage of net sales (%)
Production Printing
Percentage of net sales (%)
Network System Solutions
Percentage of net sales (%)
Imaging & Solutions Total
Percentage of net sales (%)
<Industrial Products>
Industrial Products
Percentage of net sales (%)
<Other>
Other
Percentage of net sales (%)
Grand Total
Percentage of net sales (%)
Reference : Exchange rate
US$ 1
EURO 1
*Each category includes the following product line:
Office Imaging
Production Printing
Network System Solutions
Industrial Products
Other
%
Three months ended
September 30, 2012
Change
%
324,705
68.8
37,492
7.9
53,762
11.5
415,959
88.2
304,522
66.5
34,787
7.6
57,778
12.6
397,087
86.7
-20,183
-6.2
-2,705
-7.2
4,016
7.5
-18,872
-4.5
25,390
5.4
23,917
5.2
-1,473
-5.8
30,340
6.4
471,689
100.0
37,076
8.1
458,080
100.0
6,736
22.2
-13,609
-2.9
¥77.94
¥110.31
¥78.64
¥98.29
MFPs (multifunctional printers), copiers, laser printers, digital duplicators, facsimile, scanners,
related parts & supplies, services, support and software
Cut sheet printer, continuous feed printer, related parts & supplies, services, support and software
Personal computers, servers, network equipment, related services, support and software
Thermal media, optical equipment, semiconductor devices and electronic components
Digital cameras
*Product Category and product lines included in Product Category was changed in this fiscal year.
Product Category in Imaging & Solutions was reclassified as Office Imaging, Production Printing and Network System Solutions in this fiscal year (Imaging Solutions
and Network System Solutions as previous category).
Certain products were reclassified into Network System Solutions and Industrial Products from Other in this fiscal year.
The above reclassification was made to the prior year's figures.
9
Consolidated Sales by Geographic Area
Half year ended September 30, 2012 and 2011
<Domestic>
Percentage of net sales (%)
<Overseas>
Percentage of net sales (%)
The Americas
Percentage of net sales (%)
Europe, Middle East and Africa
Percentage of net sales (%)
Other
Percentage of net sales (%)
Grand Total
Percentage of net sales (%)
(Millions of yen)
Half year ended
September 30, 2011
434,515
46.3
504,567
53.7
234,394
25.0
207,949
22.1
62,224
6.6
939,082
100.0
Half year ended
September 30, 2012
430,762
47.0
486,705
53.0
234,319
25.5
187,163
20.4
65,223
7.1
917,467
100.0
Reference : Exchange rate
US$ 1
¥79.82
¥79.43
EURO 1
¥113.94
¥100.66
Three months ended
September 30, 2011
219,203
46.5
252,486
53.5
120,151
25.5
100,231
21.2
32,104
6.8
471,689
100.0
Three months ended
September 30, 2012
215,313
47.0
242,767
53.0
116,852
25.5
91,910
20.1
34,005
7.4
458,080
100.0
¥77.94
¥110.31
¥78.64
¥98.29
Three months ended September 30, 2012 and 2011
<Domestic>
Percentage of net sales (%)
<Overseas>
Percentage of net sales (%)
The Americas
Percentage of net sales (%)
Europe, Middle East and Africa
Percentage of net sales (%)
Other
Percentage of net sales (%)
Grand Total
Percentage of net sales (%)
Change
-3,753
%
-0.9
-17,862
-3.5
-75
-0.0
-20,786
-10.0
2,999
4.8
-21,615
-2.3
(Millions of yen)
Reference : Exchange rate
US$ 1
EURO 1
*Geographic area was changed in this fiscal year.
Middle East and Africa were reclassified from Other into Europe in this fiscal year.
The reclassification was made to the prior year's figures.
10
Change
-3,890
%
-1.8
-9,719
-3.8
-3,299
-2.7
-8,321
-8.3
1,901
5.9
-13,609
-2.9
(3) Consolidated Statements of Cash Flows
(Millions of yen)
Half year ended
Half year ended
September 30, 2011 September 30, 2012
I. Cash Flows from Operating Activities:
Consolidated net income (loss)
Adjustments to reconcile consolidated net income to net cash
provided by operating activities—
Depreciation and amortization
Equity in earnings of affiliates, net of dividends received
Deferred income taxes
Pension and severance costs, less payments
Changes in assets and liabilities—
Decrease in trade receivables
Increase in inventories
Increase in finance receivables
Decrease in trade payables
Increase (Decrease) in accrued income taxes and
accrued expenses and other
Other, net
Net cash provided by operating activities
II. Cash Flows from Investing Activities:
Proceeds from sales of property, plant and equipment
Expenditures for property, plant and equipment,
including interest capitalized
Expenditures for intangible asset
Payments for purchases of available-for-sale securities
Proceeds from sales of available-for-sale securities
Increase in time deposits
Other, net
Net cash used in investing activities
III. Cash Flows from Financing Activities:
Proceeds from long-term indebtedness
Repayment of long-term indebtedness
Increase (Decrease) in short-term borrowings, net
Repayment of long-term debt securities
Dividends paid
Payment for purchase of treasury stock
Other, net
Net cash provided by (used in) financing activities
IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents
V. Net Decrease in Cash and Cash Equivalents
VI. Cash and Cash Equivalents at Beginning of Year
VII. Cash and Cash Equivalents at End of Period
11
-6,642
14,146
43,981
1
-14,581
-8,321
43,000
-57
-358
-2,876
17,220
-27,963
-10,617
-1,311
11,496
-9,097
-11,720
-19,866
8,626
15,177
15,570
-2,353
6,149
28,464
565
639
-36,885
-8,375
-122
10
-400
-7,754
-52,961
-41,381
-6,200
-98
25
-1,000
-4,597
-52,612
23,386
-29,671
24,680
-231
-11,971
-14
-294
5,885
-7,105
-38,611
172,221
133,610
31,300
-24,534
-3,593
-6,163
-8
-381
-3,379
-5,718
-33,245
156,210
122,965
(4) Notes on premise going concern
Not applicable
(5) Segment Information
(a) Operating Segments Information
Half year ended September 30, 2012 and 2011
(Millions of yen)
Half year ended
September 30, 2011
Imaging & Solutions:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Imaging & Solutions (%)
Industrial Products:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating loss
Operating income on sales in Industrial Products (%)
Other:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating loss
Operating income on sales in Other (%)
Corporate and Eliminations:
Net sales:
Intersegment
Total
Operating expenses:
Intersegment
Corporate
Total
Operating loss
Consolidated:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income (loss)
Operating income on consolidated net sales (%)
Half year ended
September 30, 2012
829,309
829,309
792,255
37,054
797,637
797,637
738,044
59,593
4.5
7.5
50,589
2,264
52,853
55,009
-2,156
47,437
2,052
49,489
50,147
-658
-4.1
-1.3
59,184
59,184
61,669
-2,485
72,393
72,393
73,136
-743
-4.2
-1.0
-2,264
-2,264
Change
-31,672
-31,672
-54,211
22,539
-3.8
-3.8
-6.8
60.8
-3,152
-212
-3,364
-4,862
1,498
-6.2
-9.4
-6.4
-8.8
-
13,209
13,209
11,467
1,742
22.3
22.3
18.6
-
-2,052
-2,052
212
212
-
-2,264
34,446
32,182
-34,446
-2,052
30,804
28,752
-30,804
212
-3,642
-3,430
3,642
-
939,082
939,082
941,115
-2,033
917,467
917,467
890,079
27,388
-21,615
-21,615
-51,036
29,421
-2.3
-2.3
-5.4
-
-0.2
3.0
*Certain products were reclassified into segment "Imaging & Solutions" and "Industrial Products" from "Other" in this fiscal year. The above
reclassification was made to the prior year's figures.
12
%
Three months ended September 30, 2012 and 2011
(Millions of yen)
Three months ended
September 30, 2011
Imaging & Solutions:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Imaging & Solutions (%)
Industrial Products:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating loss
Operating income on sales in Industrial Products (%)
Other:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating loss
Operating income on sales in Other (%)
Corporate and Eliminations:
Net sales:
Intersegment
Total
Operating expenses:
Intersegment
Corporate
Total
Operating loss
Consolidated:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income (loss)
Operating income on consolidated net sales (%)
Three months ended
September 30, 2012
415,959
415,959
406,955
9,004
397,087
397,087
368,236
28,851
2.2
7.3
25,390
1,198
26,588
28,263
-1,675
23,917
1,064
24,981
25,221
-240
-6.3
-1.0
30,340
30,340
32,438
-2,098
37,076
37,076
37,515
-439
-6.9
-1.2
-1,198
-1,198
Change
%
-18,872
-18,872
-38,719
19,847
-4.5
-4.5
-9.5
220.4
-1,473
-134
-1,607
-3,042
1,435
-5.8
-11.2
-6.0
-10.8
-
6,736
6,736
5,077
1,659
22.2
22.2
15.7
-
-1,064
-1,064
134
134
-
-1,198
18,590
17,392
-18,590
-1,064
15,065
14,001
-15,065
134
-3,525
-3,391
3,525
-
471,689
471,689
485,048
-13,359
458,080
458,080
444,973
13,107
-13,609
-13,609
-40,075
26,466
-2.9
-2.9
-8.3
-
-2.8
2.9
*Certain products were reclassified into segment "Imaging & Solutions" and "Industrial Products" from "Other" in this fiscal year. The
above reclassification was made to the prior year's figures.
13
(b) Geographic Segments Information
Half year ended September 30, 2012 and 2011
(Millions of yen)
Half year ended
Half year ended
September 30, 2011
September 30, 2012
Japan:
Net sales:
External customers
Intersegment
Total
Operating expenses
Operating income (loss)
Operating income on sales in Japan (%)
The Americas:
Net sales:
External customers
Intersegment
Total
Operating expenses
Operating income (loss)
Operating income on sales in the Americas (%)
Europe, Middle East and Africa:
Net sales:
External customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Europe (%)
Other:
Net sales:
External customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Other (%)
Corporate and Eliminations:
Net sales:
Intersegment
Total
Operating expenses
Operating income (loss)
Consolidated:
Net sales:
External customers
Intersegment
Total
Operating expenses
Operating income (loss)
Operating income on consolidated net sales (%)
442,013
189,487
631,500
646,486
-14,986
438,615
185,972
624,587
611,796
12,791
-2.4
2.0
234,160
1,869
236,029
241,104
-5,075
234,292
3,500
237,792
236,277
1,515
-2.2
0.6
205,640
1,110
206,750
194,764
11,986
185,468
325
185,793
175,106
10,687
5.8
5.8
57,269
76,566
133,835
129,199
4,636
59,092
91,763
150,855
145,292
5,563
3.5
3.7
-269,032
-269,032
-270,438
1,406
%
-3,398
-3,515
-6,913
-34,690
27,777
-0.8
-1.9
-1.1
-5.4
-
132
1,631
1,763
-4,827
6,590
0.1
87.3
0.7
-2.0
-
-20,172
-785
-20,957
-19,658
-1,299
-9.8
-70.7
-10.1
-10.1
-10.8
1,823
15,197
17,020
16,093
927
3.2
19.8
12.7
12.5
20.0
-281,560
-281,560
-278,392
-3,168
-12,528
-12,528
-7,954
-4,574
-
939,082
939,082
941,115
-2,033
917,467
917,467
890,079
27,388
-21,615
-21,615
-51,036
29,421
-2.3
-2.3
-5.4
-
-0.2
3.0
*Geographic area was changed in this fiscal year.
Middle East and Africa were reclassified from Other into Europe in this fiscal year.
The reclassification was made to the prior year's figures.
14
Change
Three months ended September 30, 2012 and 2011
(Millions of yen)
Three months ended
September 30, 2011
Japan:
Net sales:
External customers
Intersegment
Total
Operating expenses
Operating income (loss)
Operating income on sales in Japan (%)
The Americas:
Net sales:
External customers
Intersegment
Total
Operating expenses
Operating income (loss)
Operating income on sales in the Americas (%)
Europe, Middle East and Africa:
Net sales:
External customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Europe (%)
Other:
Net sales:
External customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Other (%)
Corporate and Eliminations:
Net sales:
Intersegment
Total
Operating expenses
Operating income
Consolidated:
Net sales:
External customers
Intersegment
Total
Operating expenses
Operating income (loss)
Operating income on consolidated net sales (%)
Three months ended
September 30, 2012
222,789
102,409
325,198
346,425
-21,227
219,608
88,776
308,384
304,141
4,243
-6.5
1.4
119,962
979
120,941
121,698
-757
116,845
1,945
118,790
118,175
615
-0.6
0.5
99,211
508
99,719
94,283
5,436
91,099
153
91,252
86,770
4,482
5.5
4.9
29,727
42,371
72,098
68,910
3,188
30,528
44,929
75,457
72,733
2,724
4.4
3.6
-146,267
-146,267
-146,268
1
-1.4
-13.3
-5.2
-12.2
-
-3,117
966
-2,151
-3,523
1,372
-2.6
98.7
-1.8
-2.9
-
-8,112
-355
-8,467
-7,513
-954
-8.2
-69.9
-8.5
-8.0
-17.5
801
2,558
3,359
3,823
-464
2.7
6.0
4.7
5.5
-14.6
-135,803
-135,803
-136,846
1,043
10,464
10,464
9,422
1,042
-
471,689
471,689
485,048
-13,359
458,080
458,080
444,973
13,107
-13,609
-13,609
-40,075
26,466
-2.9
-2.9
-8.3
-
-2.8
2.9
Middle East and Africa were reclassified from Other into Europe in this fiscal year.
The reclassification was made to the prior year's figures.
Not applicable
15
%
-3,181
-13,633
-16,814
-42,284
25,470
*Geographic area was changed in this fiscal year.
(6) Notes on significant changes in Equity
Change
-APPENDIX1. Consolidated Sales by Product Category
(Millions of yen)
Half year ended September 30, 2012 and 2011
Half year ended
September 30, 2011
<Imaging & Solutions>
Office Imaging
Percentage of net sales (%)
Domestic
Overseas
Production Printing
Percentage of net sales (%)
Domestic
Overseas
Network System Solutions
Percentage of net sales (%)
Domestic
Overseas
Imaging & Solutions Total
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Industrial Products>
Industrial Products
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Other>
Other
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
Grand Total
Percentage of net sales (%)
Domestic
Percentage of net sales (%)
Overseas
Percentage of net sales (%)
The Americas
Percentage of net sales (%)
Europe, Middle East and Africa
Percentage of net sales (%)
Other
Percentage of net sales (%)
Reference: Exchange rate
US$ 1
EURO 1
Half year ended
September 30, 2012
658,485
70.1
243,233
415,252
72,769
7.7
15,469
57,300
98,055
10.4
89,918
8,137
829,309
88.2
348,620
480,689
228,091
200,570
52,028
626,280
68.3
235,997
390,283
69,435
7.6
16,435
53,000
101,922
11.1
89,789
12,133
797,637
87.0
342,221
455,416
225,451
177,431
52,534
50,589
5.4
28,173
22,416
6,219
6,717
9,480
Change
Change excluding
exchange impact
%
%
-32,205
-4.9
-9,583
-1.5
-7,236
-24,969
-3,334
-3.0
-6.0
-4.6
-7,236
-2,347
-1,026
-3.0
-0.6
-1.4
966
-4,300
3,867
6.2
-7.5
3.9
966
-1,992
5,200
6.2
-3.5
5.3
-129
3,996
-31,672
-0.1
49.1
-3.8
-129
5,329
-5,409
-0.1
65.5
-0.7
-6,399
-25,273
-2,640
-23,139
506
-1.8
-5.3
-1.2
-11.5
1.0
-6,399
990
-1,551
190
2,351
-1.8
0.2
-0.7
0.1
4.5
47,437
5.2
24,003
23,434
6,884
6,359
10,191
-3,152
-6.2
-2,504
-4.9
-4,170
1,018
665
-358
711
-14.8
4.5
10.7
-5.3
7.5
-4,170
1,666
699
340
627
-14.8
7.4
11.2
5.1
6.6
59,184
6.4
57,722
1,462
84
662
716
939,082
100.0
434,515
46.3
504,567
53.7
234,394
25.0
207,949
22.1
62,224
6.6
72,393
7.8
64,538
7,855
1,984
3,373
2,498
917,467
100.0
430,762
47.0
486,705
53.0
234,319
25.5
187,163
20.4
65,223
7.1
13,209
22.3
13,654
23.1
6,816
6,393
1,900
2,711
1,782
-21,615
11.8
437.3
409.5
248.9
-2.3
6,816
6,838
1,922
3,155
1,761
5,741
11.8
467.7
476.6
245.9
0.6
-3,753
-0.9
-3,753
-0.9
-17,862
-3.5
9,494
1.9
-75
-0.0
1,070
0.5
-20,786
-10.0
3,685
1.8
2,999
4.8
4,739
7.6
¥79.82
¥113.94
¥79.43
¥100.66
¥-0.39
¥-13.28
*Each category includes the following product line:
Office Imaging
MFPs (multifunctional printers), copiers, laser printers, digital duplicators, facsimile, scanners,
related parts & supplies, services, support and software
Production Printing
Cut sheet printer, continuous feed printer, related parts & supplies, services, support and software
Network System Solutions
Personal computers, servers, network equipment, related services, support and software
Industrial Products
Thermal media, optical equipment, semiconductor devices and electronic components
Other
Digital cameras
*Product Category and product lines included in Product Category was changed in this fiscal year.
Product Category in Imaging & Solutions was reclassified as Office Imaging, Production Printing and Network System Solutions in this fiscal year (Imaging Solutions and Network
System Solutions as previous category).
Certain products were reclassified into Network System Solutions and Industrial Products from Other in this fiscal year.
The above reclassification was made to the prior year's figures.
*Geographic area was changed in this fiscal year.
Middle East and Africa were reclassified from Other into Europe in this fiscal year.
The reclassification was made to the prior year's figures.
A1
(Millions of yen)
Three months ended September 30, 2012 and 2011
<Imaging & Solutions>
Office Imaging
Percentage of net sales (%)
Domestic
Overseas
Production Printing
Percentage of net sales (%)
Domestic
Overseas
Network System Solutions
Percentage of net sales (%)
Domestic
Overseas
Imaging & Solutions Total
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Industrial Products>
Industrial Products
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Other>
Other
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
Grand Total
Percentage of net sales (%)
Domestic
Percentage of net sales (%)
Overseas
Percentage of net sales (%)
The Americas
Percentage of net sales (%)
Europe, Middle East and Africa
Percentage of net sales (%)
Other
Percentage of net sales (%)
Reference: Exchange rate
US$ 1
EURO 1
Three months ended
Three months ended
September 30, 2011
September 30, 2012
324,705
68.8
118,158
206,547
37,492
7.9
7,595
29,897
53,762
11.5
49,624
4,138
415,959
88.2
175,377
240,582
116,938
96,753
26,891
304,522
66.5
111,976
192,546
34,787
7.6
8,179
26,608
57,778
12.6
50,338
7,440
397,087
86.7
170,493
226,594
112,463
87,152
26,979
25,390
5.4
14,179
11,211
3,170
3,126
4,915
Change
Change excluding
exchange impact
%
%
-20,183
-6.2
-11,654
-3.6
-6,182
-14,001
-2,705
-5.2
-6.8
-7.2
-6,182
-5,472
-1,813
-5.2
-2.6
-4.8
584
-3,289
4,016
7.7
-11.0
7.5
584
-2,397
4,837
7.7
-8.0
9.0
714
3,302
-18,872
1.4
79.8
-4.5
714
4,123
-8,630
1.4
99.6
-2.1
-4,884
-13,988
-4,475
-9,601
88
-2.8
-5.8
-3.8
-9.9
0.3
-4,884
-3,746
-5,463
1,023
694
-2.8
-1.6
-4.7
1.1
2.6
23,917
5.2
11,964
11,953
3,428
3,020
5,505
-1,473
-5.8
-1,254
-4.9
-2,215
742
258
-106
590
-15.6
6.6
8.1
-3.4
12.0
-2,215
961
229
196
536
-15.6
8.6
7.2
6.3
10.9
30,340
6.4
29,647
693
43
352
298
471,689
100.0
219,203
46.5
252,486
53.5
120,151
25.5
100,231
21.2
32,104
6.8
37,076
8.1
32,856
4,220
961
1,738
1,521
458,080
100.0
215,313
47.0
242,767
53.0
116,852
25.5
91,910
20.1
34,005
7.4
6,736
22.2
6,927
22.8
3,209
3,527
918
1,386
1,223
-13,609
10.8
508.9
393.8
410.4
-2.9
3,209
3,718
912
1,600
1,206
-2,957
10.8
536.5
454.5
404.7
-0.6
-3,890
-1.8
-3,890
-1.8
-9,719
-3.8
933
0.4
-3,299
-2.7
-4,322
-3.6
-8,321
-8.3
2,819
2.8
1,901
5.9
2,436
7.6
¥77.94
¥110.31
¥78.64
¥98.29
¥0.70
¥-12.02
*Each category includes the following product line:
Office Imaging
MFPs (multifunctional printers), copiers, laser printers, digital duplicators, facsimile, scanners,
related parts & supplies, services, support and software
Production Printing
Cut sheet printer, continuous feed printer, related parts & supplies, services, support and software
Network System Solutions
Personal computers, servers, network equipment, related services, support and software
Industrial Products
Thermal media, optical equipment, semiconductor devices and electronic components
Other
Digital cameras
*Product Category and product lines included in Product Category was changed in this fiscal year.
Product Category in Imaging & Solutions was reclassified as Office Imaging, Production Printing and Network System Solutions in this fiscal year (Imaging
Solutions and Network System Solutions as previous category).
Certain products were reclassified into Network System Solutions and Industrial Products from Other in this fiscal year.
The above reclassification was made to the prior year's figures.
*Geographic area was changed in this fiscal year.
Middle East and Africa were reclassified from Other into Europe in this fiscal year.
The reclassification was made to the prior year's figures.
A2
2. Forecast of Consolidated Performance
(Billions of yen)
Half year ended
Net sales
Gross profit
Operating income
Income before income taxes
Net income attributable to
Ricoh Company, Ltd.
Net income attributable to Ricoh Company, Ltd.
shareholders per share-basic (yen)
Net income attributable to Ricoh Company, Ltd.
shareholders per share-diluted (yen)
Capital expenditures
Depreciation for tangible fixed assets
R&D expenditures
Exchange rate (Yen/US$)
Exchange rate (Yen/EURO)
Half year ending
Year ending
Sept. 30, 2012
Change
March 31, 2013
Change
March 31, 2013
Change
Results
%
Forecast
%
Forecast
%
917.4
374.4
27.3
24.4
-2.3
-3.2
-
982.6
380.6
42.7
38.1
1.9
4.1
-
1,900.0
755.0
70.0
62.5
-0.2
0.3
-
11.7
-
21.3
-
33.0
-
16.15
-
29.36
-
45.51
-
41.3
30.6
54.7
79.43
100.66
-
37.7
33.4
62.3
75.00
100.00
-
79.0
64.0
117.0
77.22
100.33
-
3. Forecast of Consolidated Sales by Product Category
(Billions of yen)
Half year ending March. 31, 2013
Change
Forecast
Forecast(*)
%
<Imaging & Solutions>
Office Imaging
Domestic
Overseas
Production Printing
Domestic
Overseas
Network System Solutions
Domestic
Overseas
Imaging & Solutions Total
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Industrial Products>
Industrial Products
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Other>
Other
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
Grand Total
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
Change
%
Forecast
Year ending March 31, 2013
Change
Forecast(*)
%
Change
%
668.0
253.0
415.0
77.4
17.8
59.6
108.9
94.2
14.7
854.3
365.0
489.3
228.1
205.3
55.9
0.5
-0.1
0.9
2.1
4.4
1.4
7.6
2.1
63.8
1.5
0.7
2.1
1.2
1.5
8.6
685.3
253.0
432.3
80.0
17.8
62.2
109.6
94.2
15.4
874.9
365.0
509.9
237.7
213.7
58.5
3.1
-0.1
5.1
5.5
4.4
5.9
8.2
2.1
71.0
3.9
0.7
6.4
5.4
5.7
13.6
1,294.3
489.0
805.3
146.8
34.2
112.6
210.8
184.0
26.8
1,652.0
707.3
944.7
453.6
382.7
108.4
-2.2
-1.5
-2.6
-1.2
5.3
-3.0
5.8
1.0
56.8
-1.1
-0.6
-1.6
0.0
-5.0
4.7
1,334.2
489.0
845.2
151.7
34.2
117.5
212.8
184.0
28.8
1,698.8
707.3
991.5
464.2
414.4
112.9
0.8
-1.5
2.2
2.1
5.3
1.3
6.8
1.0
68.4
1.7
-0.6
3.3
2.4
2.9
9.0
47.4
23.6
23.8
6.9
6.8
10.1
-0.1
-6.3
6.8
5.8
8.0
6.8
48.4
23.6
24.8
7.2
7.0
10.6
2.0
-6.3
11.3
10.4
11.1
12.1
94.8
47.6
47.2
13.8
13.2
20.3
-3.3
-10.8
5.7
8.2
1.1
7.2
96.5
47.6
48.9
14.1
14.1
20.7
-1.6
-10.8
9.4
10.8
8.0
9.4
80.8
67.6
13.2
3.0
5.8
4.4
982.6
456.3
526.3
238.0
217.9
70.4
7.5
5.5
19.6
28.7
17.6
16.5
1.9
1.0
2.7
1.6
2.1
8.8
81.3
67.6
13.7
3.1
6.0
4.6
1,004.6
456.3
548.3
248.0
226.7
73.6
8.1
5.5
23.6
33.0
21.6
20.5
4.2
1.0
7.0
5.8
6.2
13.8
153.2
132.1
21.1
5.0
9.2
6.9
1,900.0
887.0
1,013.0
472.3
405.1
135.6
14.0
8.5
68.4
106.4
63.9
53.6
-0.2
0.1
-0.4
0.8
-3.9
6.8
154.1
132.1
22.0
5.1
9.8
7.0
1,949.4
887.0
1,062.4
483.5
438.3
140.6
14.7
8.5
75.6
111.4
75.5
56.4
2.4
0.1
4.5
3.1
4.0
10.8
* Excluding foreign exchange impact
A3