July 26, 2013 QUARTERLY REPORT First Quarter ended June 30, 2013 (Results for the Period from April 1, 2013 to June 30, 2013) Performance Outline (Consolidated) (Billions of yen) Three months ended June 30, 2012 Results Domestic sales Overseas sales Net sales Gross profit Operating income Income before income taxes Net income attributable to Ricoh Company, Ltd. Exchange rate (Yen/US$) Exchange rate (Yen/EURO) Net income attributable to Ricoh Company, Ltd. shareholders per share-basic (yen) Net income 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 Capital expenditures Depreciation for tangible fixed assets R&D expenditures Three months ended June 30, 2013 Results Ricoh Company, Ltd. shareholders' equity ratio (%) Ricoh Company, Ltd. shareholders' equity per share (yen) Change 215.4 243.9 459.3 189.8 14.2 12.2 6.5 217.7 303.9 521.7 214.1 19.0 18.5 10.1 1.1% 24.6% 13.6% 12.8% 33.5% 51.0% 55.4% 888.0 1,242.0 2,130.0 880.0 140.0 135.0 80.0 2.0% 17.8% 10.7% 14.5% 120.7% 132.1% 146.4% 80.23 103.06 98.79 129.04 18.56 25.98 95.95 126.01 12.89 18.93 9.02 14.01 4.99 110.34 65.56 - - - - - 8.8 -24.1 12.4 148.5 18.1 -23.6 9.5 123.5 9.3 0.5 -2.8 -24.9 - - 19.1 14.7 27.0 18.7 16.6 28.0 -0.4 1.9 1.0 89.0 73.0 113.0 2.4 12.5 0.9 March 31, 2013 Total assets Ricoh Company, Ltd. shareholders' equity Interest-bearing debt Change Year ending March 31, 2014 Forecast June 30, 2013 Change 2,360.6 897.9 702.7 2,421.0 918.7 724.6 60.3 20.7 21.9 38.0 37.9 -0.1 1,238.55 1,267.22 28.67 Ricoh Company, Ltd. * The Company bases the forecast estimates for the fiscal year ending March 31, 2014 above upon information currently available to management, which involves risks and uncertainties that could cause actual results to differ materially from those projected. 1 Ricoh Company, Ltd. and Consolidated Subsidiaries Financial Highlights for the First Quarter Ended June 30, 2013 (U.S. GAAP Financial Information) 1. Results for the Period from April 1, 2013 to June 30, 2013 (1) Operating Results Three months ended June 30, 2012 459,387 -1.7 14,281 26.1 12,275 32.2 6,537 32.5 (Millions of yen) Three months ended June 30, 2013 521,707 13.6 19,069 33.5 18,540 51.0 10,159 55.4 March 31, 2013 2,360,697 958,658 897,996 38.0 (Millions of yen) June 30, 2013 2,421,087 980,309 918,757 37.9 Net sales (% change from the previous corresponding period) Operating income (% change from the previous corresponding period) Income before income taxes (% change from the previous corresponding period) Net income attributable to Ricoh Company, Ltd. (% change from the previous corresponding period) Net income attributable to Ricoh Company, Ltd. shareholders per share-basic (yen) 9.02 14.01 Net income attributable to Ricoh Company, Ltd. shareholders per share-diluted (yen) Notes: i. Comprehensive income: ¥ 33,979 million ( - %) (¥ -23,251 million ( - %) in income in previous fiscal year) (2) Financial Position Total assets Total equity Ricoh Company, Ltd. shareholders' equity Ricoh Company, Ltd. shareholders' equity ratio (%) 2. Dividend information Year ended Year ending March 31, 2013 March 31, 2014 (Results) (Forecast) Cash dividends, applicable to the year (yen) Interim (yen) Year-end (yen) 29.00 12.50 16.50 33.00 16.50 16.50 3. Forecast of Operating Results from April 1, 2013 to March 31, 2014 Half year ending September 30, 2013 Net sales 1,050,000 Operating income 56,000 Income before income taxes 53,000 Net income attributable to Ricoh Company, Ltd. 30,000 Net income attributable to Ricoh Company, Ltd. shareholders per share (yen) 41.38 (Millions of yen) Year ending March 31, 2014 2,130,000 140,000 135,000 80,000 Notes: Revision of expected dividends during this period: No 110.34 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 June 30, 2013 744,912,078 shares As of March 31, 2013 744,912,078 shares (5) Number of treasury stock: As of June 30, 2013 19,892,980 shares As of March 31, 2013 19,875,662 shares (6) Average number of common stock: Three months ended June 30, 2013 725,027,677 shares Three months ended June 30, 2012 725,077,330 shares 2 Consolidated Performance 1. Operating results *Overview Consolidated net sales of Ricoh Group for the first quarter of fiscal year ending March 31, 2014 (the three months period from April 1, 2013 to June 30, 2013) increased by 13.6% as compared to the previous corresponding period, to ¥521.7 billion. During this quarter, the average yen exchange rates were ¥98.79 against the U.S. dollar (down ¥18.56) and ¥129.04 against the Euro (down ¥25.98). Net sales would have increased by 0.8% excluding impact of such foreign currency exchange fluctuation. The Japanese economy showed signs of recovery, with the weakening yen and increase in stock prices achieved through the fiscal stimulus and monetary policy introduced by the government and the Bank of Japan. However, the real economy has yet to recover and the overall economic outlook remains unpredictable. Under such conditions, domestic sales in the Imaging & Solutions and the Other increased, resulting in overall sales in Japan to increase by 1.1% as compared to the previous corresponding period. As for the overseas economy, the U.S. economy is showing signs of a modest recovery, but the European economy remains stagnant under the prolonged European debt crisis, along with the slowdown in growth occurring in China and the rest of the emerging markets. These economic conditions have affected the overseas sales of Ricoh. Under the severe situation, the weakening trend of the yen during this first quarter contributed to significant increase in sales overseas. As for overseas sales by region, sales in the Americas increased by 21.3% compared to the previous corresponding period (a decrease of 1.5% excluding foreign currency exchange fluctuation). Sales in Europe, Middle East and Africa increased by 27.4% (an increase of 1.8% excluding foreign currency exchange fluctuation). Sales in Other region (which includes China, South East Asia and Oceania) increased by 28.2% (an increase of 4.7% excluding foreign currency exchange fluctuation). As a result, total overseas sales increased by 24.6% compared to the previous corresponding period. Excluding effects of foreign currency fluctuations, net sales in overseas would have increased by 0.6% as compared to the previous corresponding period. Gross profit increased by 12.8% as compared to the previous corresponding period , to ¥214.1 billion due primarily to the increase of sales and the depreciation of the Yen. Selling, general and administrative expenses increased by 11.1% as compared to the previous corresponding period, despite group-wide cost reduction efforts, to ¥195.0 billion due primarily to the depreciation of the Yen. As a result, operating income increased by 33.5% as compared to the previous corresponding period, to ¥ 19.0 billion. Other income and expenses have improved compared to the previous corresponding period due to the significant decrease in foreign exchange loss. As a result, income before income taxes increased by 51.0% as compared to the previous corresponding period, to ¥18.5 billion. As a result, net income attributable to Ricoh Company, Ltd. increased by 55.4% as compared to the previous corresponding period, to ¥10.1 billion. Comprehensive income increased significantly primarily by the increase in consolidated net income and cumulative translation adjustments due to the weakening trend of the yen, to ¥3 3.9 billion. 3 *Conditions by Product Line Imaging & Solutions (Sales up 14.7% to ¥459.5 billion) Office Imaging (Sales up 12.2% to ¥361.0 billion) Sales in this category increased by 12.2% as compared to the previous corresponding period, to ¥361.0 billion. Sales of color MFPs and managed document services (MDS) increased. Total sales in this category increased compared to the previous corresponding period due to the weakening trend of the yen. Production Printing (Sales up 16.9% to ¥40.4 billion) Sales in this category increased by 16.9% as compared to the previous corresponding period, to ¥40.4 billion. Sales of color products in this category increased mainly due to the depreciation of the Yen and increased sales of cut-sheet printers. The increase in sales of these products has also contributed to the increase in revenue through related parts & supplies and services overseas. Network System Solutions (Sales up 31.5% to ¥58.0 billion) Revenue earned through IT services increased in both the domestic and overseas market, which also helped to increase sales of networking equipments, resulting in sales increase in this category compared to the previous corresponding period. As a result, sales in the Imaging & Solutions segment increased by 14.7% as compared to the previous corresponding period, to ¥ 459.5 billion. Increase in net sales along with increase in gross profit achieved by the weakening yen have both contributed to the increase in operating income by 12.9% as compared to the previous corresponding period, to ¥34.7 billion. Industrial Products (Sales up 3.6% to ¥24.3 billion) Sales in the Industrial Products segment increased by 3.6% as compared to the previous corresponding period, to ¥24.3 billion. Sales of thermal media and optical equipment increased from the previous corresponding period. As a result, operating income in the Industrial Products segment amounted to ¥0.8 billion (operating loss of ¥0.4 billion in the previous corresponding period). Other (Sales up 7.0% to ¥37.8 billion) Sales in the Other segment increased by 7.0% as compared to the previous corresponding period, to ¥37.8 billion. Although sales of digital cameras and lease finance increased from the previous corresponding period, operating loss in the Other segment amounted to ¥0.6 billion (operating loss of ¥0.3 billion in the previous corresponding period), due to the increase of costs in new businesses. 2. Financial Position *Assets, Liabilities and Equity For Assets, lease receivables increased from the end of the previous fiscal year due to the increase of lease contracts. The yen equivalent of foreign-currency-denominated assets increased due to the depreciation of the Yen developed from the previous fiscal year. As a result, total assets increased by ¥60.3 billion, to ¥2,421.0 billion. For Liabilities, interest-bearing debt and other current liabilities including accrued expenses increased. As a result, t otal liabilities increased by ¥38.7 billion, to ¥1,440.7 billion. For Total Equity, accumulated other comprehensive loss decreased due primarily to the fluctuation of cumulative translation adjustments reflecting exchange fluctuation from the end of the previous period. As a result, total Equity increased by ¥21.6 billion from the end of the previous fiscal year, to ¥980.3 billion. *Cash Flows (Three months from April 1, 2013 to June 30, 2013) Net cash provided by operating activities in this period increased by ¥9.3 billion as compared to the previous corresponding period, to ¥18.1 billion due primarily to the increased consolidated net income. Net cash used in investing activities in this period decreased by ¥0.5 billion as compared to the previous corresponding period, to ¥ 23.6 billion. As a result, free cash outflows generated by operating and investing activities in this period decreased by ¥9.8 billion as compared to the previous corresponding period, to ¥5.4 billion. Net cash provided by financing activities in this period decreased by ¥2.8 billion as compared to the previous corresponding period, to ¥9.5 billion due primarily to the increased dividends paid. As a result, cash and cash equivalents at the end of this first quarter increased by ¥6.4 billion as compared to the end of the previous fiscal year, to ¥123.5 billion. 4 3. Forecast for the entire fiscal year Based upon the changes in the business environment (i.e. exchange rate fluctuation) along with the first quarter business results, Ricoh will revise its forecast upwards for sales and gross profit from those previously announced in April. Ricoh assumes the exchange rates of ¥95.00 against the U.S. dollar and of ¥125.00 against the Euro in and after the second quarter, and has incorporated the actual exchange rates during the first quarter in the annual exchange rates assumption. Our performance forecast for fiscal year ending March 31, 2014 is as follows: Exchange Rate Assumptions for the full year ending March 31, 2014 US$ 1 = ¥95.95 (¥83.06 in previous fiscal year) EURO 1 = ¥126.01 (¥107.08 in previous fiscal year) （Fiscal year） Domestic sales Overseas sales Net sales Gross profit Operating income Income before income taxes Net income attributable to Ricoh Company, Ltd. (Billions of yen) Year ending March 31, 2014 Previous Forecast Revised Forecast (A) (B) 882.5 888.0 1,217.5 1,242.0 2,100.0 2,130.0 875.0 880.0 140.0 140.0 135.0 135.0 80.0 (B-A) 5.5 24.5 30.0 5.0 - Year ended March 31, 2013 Results (C) 870.3 1,054.1 1,924.4 768.6 63.4 58.1 (B-C)/C 2.0% 17.8% 10.7% 14.5% 120.7% 132.1% - 32.4 146.4% Change 80.0 （Half year ending September 30, 2013） Net sales Operating income Income before income taxes Net income attributable to Ricoh Company, Ltd. Change (Billions of yen) Half year ending September 30, 2013 Previous Forecast Revised Forecast (D) (E) 1,020.0 1,050.0 56.0 56.0 53.0 53.0 30.0 (E-D) 30.0 - Year ended September 30, 2012 Results (F) 917.4 27.3 24.4 - 11.7 Change 30.0 Change (E-F)/F 14.4% 104.5% 116.4% 156.1% * Ricoh bases the forecast estimates for the year ending March 31, 2014 above upon information currently available to management, which involves risks and uncertainties that could cause actual results to differ materially from those projected. 4. Other (1) Changes in significant subsidiaries: Not applicable (2) Adoption of concise quarterly accounting method or procedure: Not applicable (3) Changes in accounting method, changes in accounting estimate and reclassifications: Ricoh adopted retroactively Accounting Standards Update (ASU) 2011-11 and ASU 2013-01 from April 1 2013. ASU 2011-11 requires an entity to disclose information about offsetting and related arrangements. ASU 2013-01 replaced ASU 2011-11. The updates create new disclosure requirements requiring entities to disclose both gross and net information for derivatives and other financial instruments that are either offset in the Statement of assets and liabilities or subject to an enforceable master netting arrangement or similar agreement. These ASU’s impact disclosures only and will have no impact on Ricoh’s consolidated financial position. Ricoh adopted ASU 2013-02 from April 1 2013. This ASU requires an entity to report the effect of reclassifications out of accumulated other comprehensive income. This ASU’s impact disclosures only and will have no impact on Ricoh’s consolidated financial position. 5 5. Consolidated Financial Statements (1) Consolidated Balance Sheets Assets March 31, 2013 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 June 30, 2013 120,331 745,470 195,367 65,051 1,126,219 128,007 758,890 205,441 65,566 1,157,904 7,676 13,420 10,074 515 31,685 290,875 466,608 476,995 1,234,478 2,360,697 292,829 482,071 488,283 1,263,183 2,421,087 1,954 15,463 11,288 28,705 60,390 117,051 3,280 123,550 4,457 Liabilities and Equity March 31, 2013 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 June 30, 2013 (Millions of yen) Change 256,538 226,399 217,430 700,367 247,247 271,958 238,366 757,571 -9,291 45,559 20,936 57,204 476,381 164,289 61,002 701,672 1,402,039 452,729 165,644 64,834 683,207 1,440,778 -23,652 1,355 3,832 -18,465 38,739 135,364 186,083 759,783 -146,088 -37,146 897,996 60,662 958,658 2,360,697 135,364 186,083 757,979 -123,501 -37,168 918,757 61,552 980,309 2,421,087 -1,804 22,587 -22 20,761 890 21,651 60,390 March 31, 2013 8,665 -64,266 -861 -89,626 June 30, 2013 10,607 -64,747 -575 -68,786 Change 1,942 -481 286 20,840 March 31, 2013 ¥94.05 ¥120.73 June 30, 2013 ¥98.59 ¥128.53 (2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income Consolidated Statements of Income 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 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 before income taxes, equity income and noncontrolling interests Percentage of net sales (%) Provision for income taxes Percentage of net sales (%) Equity in earnings (losses) of affiliates Percentage of net sales (%) Net income Percentage of net sales (%) Net income attributable to noncontrolling interests Percentage of net sales (%) Net income attributable to Ricoh Company, Ltd. Percentage of net sales (%) (Millions of yen) Three months ended June 30, 2012 459,387 269,489 58.7 189,898 41.3 175,617 38.2 14,281 3.1 Three months ended June 30, 2013 521,707 307,589 59.0 214,118 41.0 195,049 37.3 19,069 3.7 842 0.2 1,521 0.3 1,327 0.3 517 0.1 1,415 0.3 -369 -0.1 12,275 2.7 4,669 1.0 41 0.0 7,647 1.7 1,110 0.3 6,537 1.4 18,540 3.6 6,977 1.4 -17 -0.0 11,546 2.2 1,387 0.3 10,159 1.9 Three months ended June 30, 2012 7,647 Three months ended June 30, 2013 11,546 -699 -255 -289 -29,655 -30,898 -23,251 848 -24,099 1,950 -582 399 20,666 22,433 33,979 1,233 32,746 June 30, 2012 ¥80.23 ¥103.06 June 30, 2013 ¥98.79 ¥129.04 Consolidated Statements of Comprehensive Income Net income Other comprehensive income (loss), net of tax Pension liability adjustments Net unrealized gains and losses on derivative instruments Foreign currency translation adjustments Total Comprehensive income (loss) Comprehensive income attributable to noncontrolling interests Comprehensive income (loss) attributable to Ricoh Company, Ltd. 7 % 13.6 14.1 24,220 12.8 19,432 11.1 4,788 33.5 -325 -38.6 -106 -7.0 -1,696 - 6,265 51.0 2,308 49.4 -58 - 3,899 51.0 277 25.0 3,622 55.4 (Millions of yen) Net unrealized holding gains and losses on available-for-sale securities Reference : Exchange rate US$ 1 EURO 1 Change 62,320 38,100 Change 3,899 2,649 -327 688 50,321 53,331 57,230 385 56,845 Consolidated Sales by Product Category (Millions of yen) Three months ended June 30, 2012 <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 (%) Three months ended June 30, 2013 Change % 321,758 70.0 34,648 7.5 44,144 9.6 400,550 87.1 361,028 69.2 40,490 7.8 58,033 11.1 459,551 88.1 39,270 12.2 5,842 16.9 13,889 31.5 59,001 14.7 23,520 5.1 24,356 4.7 836 3.6 35,317 7.8 459,387 100.0 37,800 7.2 521,707 100.0 2,483 7.0 62,320 13.6 *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 Consolidated Sales by Geographic Area <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) Three months ended June 30, 2012 215,449 46.9 243,938 53.1 117,467 25.6 95,253 20.7 31,218 6.8 459,387 100.0 Reference : Exchange rate US$ 1 EURO 1 ¥80.23 ¥103.06 8 Three months ended June 30, 2013 217,776 41.7 303,931 58.3 142,514 27.3 121,394 23.3 40,023 7.7 521,707 100.0 ¥98.79 ¥129.04 Change % 2,327 1.1 59,993 24.6 25,047 21.3 26,141 27.4 8,805 28.2 62,320 13.6 (3) Consolidated Statements of Cash Flows (Millions of yen) Three months ended Three months ended June 30, 2012 I. Cash Flows from Operating Activities: Consolidated net income 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— (Increase) decrease in trade receivables Increase in inventories Increase in finance receivables Decrease in trade payables Increase 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 assets 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: Net proceeds (repayments) of debt with original maturities of three months or less Proceeds from debt with original maturities of more than three months Repayments of debt with original maturities of more than three months Dividends paid Payment for purchase of treasury stock Other, net Net cash provided by financing activities IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents V. Net Increase (decrease) in Cash and Cash Equivalents VI. Cash and Cash Equivalents at Beginning of Year VII. Cash and Cash Equivalents at End of Period (4) Notes on premise going concern Not applicable 9 June 30, 2013 7,647 11,546 20,891 -41 1,686 -1,734 23,158 17 3,607 -464 1,037 -11,384 -5,384 -13,189 -2,168 -4,373 -8,818 -12,880 4,312 5,020 8,861 10,368 -1,810 18,183 582 103 -19,195 -3,609 -8 -2,028 97 -24,161 -18,715 -3,397 -7 415 -984 -1,023 -23,608 -15,182 53,601 -19,501 -6,163 -5 -327 12,423 -4,832 -7,709 156,210 148,501 12,214 40,525 -30,840 -11,963 -20 -343 9,573 2,351 6,499 117,051 123,550 (5) Segment Information (a) Operating Segments Information (Millions of yen) Three months ended June 30, 2012 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 income (loss) Operating income (loss) on sales in Industrial Products (%) Other: Net sales: Unaffiliated customers Intersegment Total Operating expenses Operating loss Operating loss 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 Operating income on consolidated net sales (%) 10 Three months ended June 30, 2013 400,550 400,550 369,808 30,742 459,551 459,551 424,828 34,723 7.7 7.6 23,520 988 24,508 24,926 -418 24,356 969 25,325 24,454 871 -1.7 3.4 35,317 35,317 35,621 -304 37,800 37,800 38,428 -628 -0.9 -1.7 -988 -988 Change % 59,001 59,001 55,020 3,981 14.7 14.7 14.9 12.9 836 -19 817 -472 1,289 3.6 -1.9 3.3 -1.9 - 2,483 2,483 2,807 -324 7.0 7.0 7.9 - -969 -969 19 19 - -988 15,739 14,751 -15,739 -969 15,897 14,928 -15,897 19 158 177 -158 - 459,387 459,387 445,106 14,281 521,707 521,707 502,638 19,069 62,320 62,320 57,532 4,788 3.1 3.7 13.6 13.6 12.9 33.5 (b) Geographic Segments Information (Millions of yen) Three months ended June 30, 2012 Japan: Net sales: Unaffiliated customers Intersegment Total Operating expenses Operating income Operating income on sales in Japan (%) The Americas: Net sales: Unaffiliated customers Intersegment Total Operating expenses Operating income Operating income on sales in the Americas (%) Europe, Middle East and Africa: Net sales: Unaffiliated customers Intersegment Total Operating expenses Operating income Operating income on sales in Europe (%) Other: Net sales: Unaffiliated customers Intersegment Total Operating expenses Operating income Operating income on sales in Other (%) Corporate and Eliminations: Net sales: Intersegment Total Operating expenses Operating loss Consolidated: Net sales: Unaffiliated customers Intersegment Total Operating expenses Operating income Operating income on consolidated net sales (%) (6) Notes on significant changes in Equity Not applicable 11 Three months ended June 30, 2013 219,007 97,196 316,203 307,655 8,548 219,713 108,401 328,114 312,614 15,500 2.7 4.7 117,447 1,555 119,002 118,102 900 142,508 1,779 144,287 142,495 1,792 0.8 1.2 94,369 172 94,541 88,336 6,205 121,533 177 121,710 119,279 2,431 6.6 2.0 28,564 46,834 75,398 72,559 2,839 37,953 52,838 90,791 88,145 2,646 3.8 2.9 -145,757 -145,757 -141,546 -4,211 Change % 706 11,205 11,911 4,959 6,952 0.3 11.5 3.8 1.6 81.3 25,061 224 25,285 24,393 892 21.3 14.4 21.2 20.7 99.1 27,164 5 27,169 30,943 -3,774 28.8 2.9 28.7 35.0 -60.8 9,389 6,004 15,393 15,586 -193 32.9 12.8 20.4 21.5 -6.8 -163,195 -163,195 -159,895 -3,300 -17,438 -17,438 -18,349 911 - 459,387 459,387 445,106 14,281 521,707 521,707 502,638 19,069 62,320 62,320 57,532 4,788 3.1 3.7 13.6 13.6 12.9 33.5 -APPENDIX- (Three months ended June 30, 2013) 1. Consolidated Sales by Product Category (Millions of yen) Three months ended June 30, 2012 <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 June 30, 2013 321,758 70.0 124,021 197,737 34,648 7.5 8,256 26,392 44,144 9.6 39,451 4,693 400,550 87.1 171,728 228,822 112,988 90,279 25,555 361,028 69.2 119,988 241,040 40,490 7.8 7,499 32,991 58,033 11.1 46,331 11,702 459,551 88.1 173,818 285,733 137,592 115,462 32,679 23,520 5.1 12,039 11,481 3,456 3,339 4,686 24,356 4.7 10,659 13,697 3,730 4,114 5,853 35,317 7.8 31,682 3,635 1,023 1,635 977 459,387 100.0 215,449 46.9 243,938 53.1 117,467 25.6 95,253 20.7 31,218 6.8 37,800 7.2 33,299 4,501 1,192 1,818 1,491 521,707 100.0 217,776 41.7 303,931 58.3 142,514 27.3 121,394 23.3 40,023 7.7 ¥80.23 ¥103.06 ¥98.79 ¥129.04 Change % Change excluding exchange impact 39,270 12.2 -7,843 -2.4 -4,033 43,303 5,842 -3.3 21.9 16.9 -4,033 -3,810 -484 -3.3 -1.9 -1.4 -757 6,599 13,889 -9.2 25.0 31.5 -757 273 11,600 -9.2 1.0 26.3 6,880 7,009 59,001 17.4 149.4 14.7 6,880 4,720 3,273 17.4 100.6 0.8 2,090 56,911 24,604 25,183 7,124 1.2 24.9 21.8 27.9 27.9 2,090 1,183 -1,235 1,771 647 1.2 0.5 -1.1 2.0 2.5 836 3.6 -1,257 -5.3 -1,380 2,216 274 775 1,167 -11.5 19.3 7.9 23.2 24.9 -1,380 123 -426 80 469 -11.5 1.1 -12.3 2.4 10.0 2,483 7.0 1,750 5.0 1,617 866 169 183 514 62,320 5.1 23.8 16.5 11.2 52.6 13.6 1,617 133 -52 -180 365 3,766 5.1 3.7 -5.1 -11.0 37.4 0.8 2,327 1.1 2,327 1.1 59,993 24.6 1,439 0.6 25,047 21.3 -1,713 -1.5 26,141 27.4 1,671 1.8 8,805 28.2 1,481 4.7 ¥18.56 ¥25.98 *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 A1 % 2. Forecast of Consolidated Performance (Billions of yen) Three months 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) Three months ending Half year ending Year ending June 30, 2013 Change Sept. 30, 2013 Change Sept. 30, 2013 Change March 31, 2014 Change Results % Forecast % Forecast % Forecast % 521.7 214.1 19.0 18.5 13.6 12.8 33.5 51.0 528.3 218.9 37.0 34.5 15.3 18.6 181.8 182.1 1,050.0 433.0 56.0 53.0 14.4 15.6 104.5 116.4 2,130.0 880.0 140.0 135.0 10.7 14.5 120.7 132.1 10.1 55.4 19.9 283.3 30.0 156.1 80.0 146.4 14.01 - 27.37 - 41.38 - 110.34 - 18.7 16.6 28.0 98.79 129.04 - 23.6 18.3 29.2 95.00 125.00 - 42.3 34.9 57.2 96.90 127.02 - 89.0 73.0 113.0 95.95 126.01 - 3. Forecast of Consolidated Sales by Product Category (Billions of yen) Half year ending September 30, 2013 Change 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 Year ending March 31, 2014 Change Forecast(*) Forecast % Change % 718.0 237.0 481.0 83.1 16.6 66.5 118.9 94.1 24.8 920.1 347.8 572.3 276.1 227.9 68.3 14.6 0.4 23.2 19.7 1.2 25.5 16.7 4.8 104.4 15.3 1.6 25.7 22.5 28.4 30.0 633.8 237.0 396.8 71.9 16.6 55.3 115.7 94.1 21.6 821.4 347.8 473.6 230.9 185.2 57.5 1.2 0.4 1.7 3.5 1.2 4.3 13.5 4.8 77.7 3.0 1.6 4.0 2.4 4.4 9.5 1,471.5 490.9 980.6 168.1 33.4 134.7 233.8 184.6 49.2 1,873.5 709.0 1,164.5 554.1 475.2 135.2 10.7 1.1 16.2 14.3 1.7 18.0 12.0 4.1 56.8 11.2 1.9 17.7 15.9 18.4 22.8 1,349.7 490.9 858.7 151.9 33.4 118.5 229.0 184.6 44.4 1,730.6 709.0 1,021.6 488.4 413.4 119.7 1.5 1.1 1.7 3.3 1.7 3.8 9.7 4.1 41.4 2.7 1.9 3.2 2.2 3.0 8.8 52.6 23.3 29.3 8.2 8.3 12.8 10.9 -2.9 25.0 19.6 30.7 25.1 47.9 23.3 24.6 7.1 6.7 10.8 1.0 -2.9 5.0 3.6 5.7 5.5 102.5 44.5 58.0 16.6 16.0 25.4 10.1 -0.1 19.5 17.2 21.2 20.0 95.7 44.5 51.2 15.0 13.8 22.4 2.8 -0.1 5.5 5.6 4.4 6.2 77.3 67.4 9.9 2.5 4.3 3.1 1,050.0 438.5 611.5 286.8 240.6 84.1 6.8 4.4 26.0 25.6 28.0 23.7 14.4 1.8 25.6 22.4 28.5 29.0 75.5 67.4 8.1 2.1 3.4 2.6 944.8 438.5 506.3 240.1 195.3 70.9 4.3 4.4 3.1 3.3 0.9 5.8 3.0 1.8 4.0 2.5 4.3 8.7 154.0 134.5 19.5 5.3 8.7 5.5 2,130.0 888.0 1,242.0 576.0 500.0 166.0 5.5 3.4 22.6 23.7 23.3 20.3 10.7 2.0 17.8 16.0 18.5 22.3 151.5 134.5 17.0 4.7 7.5 4.9 1,977.8 888.0 1,089.8 508.1 434.7 147.0 3.8 3.4 7.0 9.4 5.7 6.8 2.8 2.0 3.4 2.3 3.1 8.3 * Excluding foreign exchange impact A2