Ricoh Company, Ltd. FLASH REPORT -Appendix- (Year ended March 31, 2000) 1. Performance Outline (Consolidated) Year ended Year ended March 31, ’99 March 31, ’00 Year ended 1,425.9 1.6 73.5 -18.0 53.0 -22.5 30.6 1.7 44.33 6.4 3.2 29.9 -5.7 127.98 73.49 41.7 23.7 1,447.1 1.5 88.9 20.9 70.3 32.7 41.9 36.8 60.61 8.1 4.4 35.1 -4.1 111.52 115.35 41.3 26.0 (Forecast) Net sales (billions of yen).................................................... (% change from the previous corresponding period).... Operating income (billions of yen)...................................... (% change from the previous corresponding period).... Income before income taxes (billions of yen)..................... (% change from the previous corresponding period).... Net income (billions of yen)..............................………….. (% change from the previous corresponding period).... Net income per share-basic(yen).................................…… Return on equity (%)........................................................... Income before income taxes on total assets (%)................. Equity ratio (%)................................................................... Interest income (expenses) net (billions of yen)................. Exchange rate (US$)........................................................... Exchange rate (DM)............................................................ Exchange rate (EUR).......................................................... Number of employees (Japan) (thousand) ....................... Number of employees (Overseas) (thousand)...................…. Half year ended March 31, ’01 September 30 ’00 1,500.0 3.7 100.0 12.5 85.0 20.8 48.0 14.5 69.36 -4.0 105.00 105.00 - (Forecast) 730.0 1.7 48.0 9.0 41.0 21.1 23.5 15.0 - (Nonconsolidated) Year ended Year ended March 31, ’99 March 31, ’00 Year ended (Forecast) Net sales (billions of yen).................................................... 720.5 (% change from the previous corresponding period).... -4.3 Operating income (billions of yen)...................................... 42.8 (% change from the previous corresponding period).... -8.2 Ordinary income (billions of yen)....................................... 36.0 (% change from the previous corresponding period).... -16.1 Net income (billions of yen)...............................…………. 18.9 (% change from the previous corresponding period).... -15.7 Net income per share-basic (yen)...................................………... 27.44 Return on equity (%)........................................................... 4.5 Ordinary income on total assets (%)................................... 4.8 Equity ratio (%)................................................................... 56.6 Payout ratio (%).................................................................. 40.1 Interest income (expenses) net (billions of yen)................. 4.0 Exchange rate (US$)........................................................... 126.95 Exchange rate (DM)............................................................ 71.62 Exchange rate (EUR)............................................................ Number of employees......................................................... 12,622 777.5 7.9 58.2 35.9 50.1 39.1 22.6 19.2 32.69 5.1 6.6 60.0 33.7 4.8 112.00 113.86 12,392 Half year ended March 31, ’01 September 30 ’00 810.0 4.2 59.0 1.3 53.0 5.8 27.0 19.4 39.01 28.2 5.2 105.00 105.00 - (Forecast) 390.0 2.4 28.0 -6.8 25.5 5.9 10.5 -25.4 - Ricoh Co., Ltd. Flash Report Year ended March 31 ,2000 2. Sales by Product Line (Consolidated) (Billions of yen) Year ended Year ended Year ended March 31, ’99 March 31, ’00 March 31, ’01 September 30 ’00 (Forecast) Copiers and Related Supplies: Domestic......................................................................... (% change from the previous corresponding period).. Overseas......................................................................... (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). Communications and Information Systems: Domestic......................................................................... (% change from the previous corresponding period).. Overseas......................................................................... (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). Other Businesses: Domestic......................................................................... (% change from the previous corresponding period).. Overseas......................................................................... (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). 450.7 456.1 906.9 237.3 106.6 344.0 132.7 42.2 175.0 Half year ended (Forecast) 453.6 0.6 416.6 -8.6 870.2 -4.0 457.0 0.7 420.0 0.8 877.0 0.8 225.0 0.9 207.0 -8.7 432.0 -4.0 262.1 10.4 120.5 13.1 382.7 11.3 290.0 10.6 120.0 -0.5 410.0 7.1 142.0 12.5 55.0 6.8 197.0 10.9 157.3 18.5 36.7 -13.2 194.0 10.9 173.0 9.9 40.0 9.0 213.0 9.7 83.0 14.5 18.0 4.0 101.0 12.3 Total: Domestic ................................................................ 820.9 873.1 920.0 450.0 (% change from the previous corresponding period.. 6.4 5.4 6.7 Overseas ................................................................... 605.0 573.9 580.0 280.0 (% change from the previous corresponding period.. -5.1 1.0 -5.3 The Americas....................................................... . 239.6 231.1 230.0 115.0 (% change from the previous corresponding period -3.5 -0.5 -6.4 Europe........................................................... ....... 283.3 258.5 265.0 123.0 (% change from the previous corresponding period -8.8 2.5 -6.0 Other........................................................... ......... 82.0 84.2 85.0 42.0 (% change from the previous corresponding period 2.8 0.8 0.5 Total................ ............................................................... 1,425.9 1,447.1 1,500.0 730.0 (% change from the previous corresponding period... . 1.5 3.6 1.7 Note: From the period under review, Ricoh moved optical disc products from Other Businesses to the Communications and Information Systems category. In accordance with it, optical disc products business in the fiscal year 1999, ended March 31, is included in the Communications and Information Systems category. Fiscal year ended March 31, 1999: Domestic ¥3.3 billion; Overseas ¥13.1 billion; Total ¥16.4 billion Ricoh Co., Ltd. Flash Report Year ended March 31, 2000 2. Sales by Product Line (Nonconsolidated) (Billions of yen) Year ended Year ended Year ended March 31, ’99 March 31, ’00 March 31, ’01 September 30 ’00 (Forecast) Copiers and related suppiles: Domestic......................................................................... (% change from the previous corresponding period). Export............................................................................. (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). Communications and Information Systems: Domestic......................................................................... (% change from the previous corresponding period). Export............................................................................. (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). Photographic Equipment: Domestic......................................................................... (% change from the previous corresponding period). Export............................................................................. (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). Other Businesses: Domestic......................................................................... (% change from the previous corresponding period). Export............................................................................. (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). 328.6 189.0 517.7 119.9 46.2 166.1 4.9 4.0 8.9 22.1 5.4 27.6 Half year ended (Forecast) 329.1 0.1 207.6 9.8 536.7 3.7 333.2 1.2 198.1 -4.6 531.3 -1.0 161.0 0.7 97.5 -10.5 258.5 -3.8 147.8 23.3 49.2 6.7 197.1 18.7 167.8 13.5 55.4 12.4 223.2 13.2 80.6 18.5 25.0 0.8 105.6 13.7 4.7 -3.7 3.2 -19.5 8.0 -10.8 6.0 25.0 4.5 40.6 10.5 31.3 3.0 11.1 1.8 20.0 4.8 14.3 27.6 24.6 7.9 45.2 35.6 28.7 33.0 19.6 12.0 50.0 45.0 26.4 15.4 40.0 5.7 50.0 21.1 41.6 Total: Domestic ................................................................ 475.7 509.3 540.0 260.0 (% change from the previous corresponding period). 7.1 6.0 7.6 Export ....................................................................... 244.7 268.1 270.0 130.0 (% change from the previous corresponding period). 9.6 0.7 -6.6 The Americas....................................................... . 101.2 115.3 110.0 53.0 (% change from the previous corresponding period). 14.0 -4.7 -15.3 Europe........................................................... ....... 112.8 115.4 120.0 55.0 (% change from the previous corresponding period). 2.4 3.9 -5.7 Other........................................................... ......... 30.6 37.2 40.0 22.0 (% change from the previous corresponding period). 21.4 7.5 20.9 Total................ ............................................................... 720.5 777.5 810.0 390.0 (% change from the previous corresponding period) .. 7.9 4.2 2.4 Note: From the period under review, Ricoh moved optical disc products from Other Businesses to the Communications and Information Systems category. In accordance with it, optical disc products business in the fiscal year 1999, ended March 31, is included in the Communications and Information Systems category. Fiscal year ended March 31, 1999: Domestic ¥2.5 billion; Overseas ¥10.9 billion; Total ¥13.4 billion Ricoh Co., Ltd. Flash Report Year ended March 31, 2000 3. Consolidated Sales by Product Category(Office equipment; other businesses) (Billions of yen) Year ended Year ended Year ended March 31, ’99 March 31, ’00 March 31, ’00 Year ended (exc. Exchange rate effect) (Forecast) <Office Equipment> Imaging Solutions: Digital Imaging Systems ........................ (% change) ......................................... Domestic ............................................ (% change) ......................................... Overseas ............................................ (% change).......................................... 486.3 266.6 219.6 Other Imaging Systems ............................ (% change) ......................................... Domestic ............................................ (% change) ......................................... Overseas ............................................ (% change) ......................................... 467.9 Total Imaging Solutions .............................. (% change) ......................................... Domestic ............................................ (% change) ......................................... Overseas ............................................ (% change) ......................................... 954.3 Networking input/output systems: Printing Systems ...................................... (% change) ......................................... Domestic ............................................ (% change) ......................................... Overseas ............................................ (% change) ......................................... 191.4 276.5 458.0 496.2 108.9 58.7 50.1 Other Input/Output Systems ..................... (% change) ......................................... Domestic ............................................ (% change) ......................................... Overseas ............................................ (% change) ......................................... 19.4 Total Networking Input/Output Systems. .... (% change) ......................................... Domestic ............................................ (% change) ......................................... Overseas ............................................ (% change) ......................................... 128.3 Network System Solutions........................... (% change) ......................................... Domestic ............................................ (% change) ......................................... Overseas ............................................ (% change) ......................................... Total Office Equipment ............................... (% change) ......................................... Domestic ............................................ (% change) ......................................... Overseas ............................................ (% change) ......................................... 168.2 3.6 15.8 62.3 66.0 167.7 0.5 1,250.9 688.1 562.7 Half year ended March 31, ’01 September 30 ’00 (Forecast) 546.2 12.3 299.7 12.4 246.4 12.2 588.4 21.0 299.7 12.4 288.7 31.5 609.0 11.5 325.0 8.4 284.0 15.2 294.0 10.4 157.0 7.4 137.0 14.0 351.8 -24.8 149.2 -22.1 202.5 -26.7 387.0 -17.3 149.2 -22.1 237.8 -14.0 278.0 -21.0 118.0 -20.9 160.0 -21.0 140.0 -26.2 60.0 -22.2 80.0 -28.8 898.0 -5.9 448.9 -2.0 449.0 -9.5 975.5 2.2 448.9 -2.0 526.5 6.1 887.0 -1.2 443.0 -1.3 444.0 -1.1 434.0 -4.8 217.0 -2.9 217.0 -6.7 141.0 29.6 77.6 32.2 63.4 26.5 153.3 40.8 77.6 32.2 75.6 50.9 160.0 13.4 97.0 24.9 63.0 -0.7 75.2 11.0 45.2 34.9 30.0 -12.5 32.0 64.5 9.5 163.8 22.4 41.9 35.7 83.8 9.5 163.7 26.2 65.6 41.5 29.6 12.0 26.0 29.5 31.2 19.3 34.3 5.8 60.3 13.5 25.6 173.1 34.9 87.1 39.8 85.9 30.2 189.1 47.3 87.1 39.8 101.9 54.4 201.5 16.4 109.0 25.0 92.5 7.6 94.5 15.1 51.0 37.4 43.5 -3.4 181.9 8.1 179.6 7.1 2.2 336.6 1,253.0 0.2 715.7 4.0 537.2 -4.5 182.1 8.2 179.6 7.1 2.4 370.3 1,346.7 7.7 715.7 4.0 630.9 12.1 198.5 9.1 195.0 8.5 3.5 55.3 1,287.0 2.7 747.0 4.4 540.0 0.5 100.5 12.4 99.0 11.5 1.5 137.3 629.0 0.2 367.0 5.1 262.0 -5.8 Ricoh Co., Ltd. Flash Report Year ended March 31, 2000 3. Consolidated Sales by Product Category(Office equipment; Other Businesses)(continued) (Billions of yen) Year ended Year ended Year ended March 31, ’99 March 31, ’00 March 31, ’00 Year ended Half year ended March 31, ’01 September 30 ’00 (exc. Exchange rate effect) (Forecast) (Forecast) <Other Businesses> Other Businesses ......................................... 175.0 194.0 199.1 213.0 101.0 (% change) ......................................... 10.9 13.8 9.7 12.3 Domestic ............................................ 132.7 157.3 157.3 173.0 83.0 (% change) ......................................... 18.5 18.5 9.9 14.4 Overseas ............................................ 42.2 36.7 41.8 40.0 18.0 (% change) ......................................... -13.2 -1.1 9.0 3.5 Grand Total ............................................ 1,425.9 1,447.1 1,545.9 1,500.0 730.0 (% change) ......................................... 1.5 8.4 3.6 1.7 Domestic ............................................ 820.9 873.1 873.1 920.0 450.0 (% change) ......................................... 6.4 6.4 5.4 6.7 Overseas ............................................ 605.0 573.9 672.7 580.0 280.0 (% change) ......................................... -5.1 11.2 1.0 -5.3 The Americas.................................... 239.6 231.1 265.2 230.0 115.0 (% change) ......................................... -3.5 10.7 -0.5 -6.4 Europe ............................................ 283.3 258.5 312.9 265.0 123.0 (% change) ......................................... -8.8 10.4 2.5 -6.0 Other ............................................ 82.0 84.2 94.5 85.0 42.0 (% change) ......................................... 2.8 15.3 0.8 0.5 Each category includes the following products: Digital Imaging Systems ............. Digital PPCs, color PPCs, stencil duplicators, facsimile machines, related supplies and services Other Imaging Systems ............... Analog PPCs, diazo copiers, and related supplies including thermal paper, and services Printing Systems ........................ Multifunctional printers(MFPs), laser printers, related supplies, services and software Other Input/Output Systems ........ Optical discs and system scanners Network System Solutions........... Personal computers, PC servers, network systems, network related software, And service/support Other Businesses ......................... Digital cameras, analog cameras, semiconductors Ricoh Co., Ltd. Flash Report Year ended March 31, 2000 4. Nonconsolidated Sales by Product Category(Office equipment; other businesses) (Billions of yen) Year ended Year ended Year ended March 31, ’99 March 31, ’00 March 31, ’00 Year ended (exc. Exchange rate effect) (Forecast) <Office Equipment> Imaging Solutions: Digital Imaging Systems ........................ (% change) ......................................... Domestic ............................................ (% change) ......................................... Export ............................................ (% change).......................................... 349.6 188.7 160.8 Other Imaging Systems ............................ (% change) ......................................... Domestic ............................................ (% change) ......................................... Export ............................................ (% change) ......................................... 196.0 Total Imaging Solutions .............................. (% change) ......................................... Domestic ............................................ (% change) ......................................... Export ............................................ (% change) ......................................... 545.6 Networking Input/Output systems: Printing Systems ...................................... (% change) Domestic ............................................ (% change) ......................................... Export ............................................ (% change) ......................................... 147.1 48.8 335.9 209.6 54.0 39.9 14.1 Other Input/Output Systems ..................... (% change) ......................................... Domestic ............................................ (% change) ......................................... Export ............................................ (% change) ......................................... 13.9 Total Networking Input/Output Systems. .... (% change) ......................................... Domestic ............................................ (% change) ......................................... Export ............................................ (% change) ......................................... 67.9 Network System Solutions........................... (% change) ......................................... Domestic ............................................ (% change) ......................................... Export ............................................ (% change) ......................................... Total Office Equipment ............................... (% change) ......................................... Domestic ............................................ (% change) ......................................... Export ............................................ (% change) ......................................... 70.1 2.7 11.1 42.6 25.2 69.9 0.2 683.8 448.5 235.2 Half year ended March 31, ’01 September 30 ’00 (Forecast) 407.2 16.5 211.0 11.8 196.2 22.0 432.4 23.7 211.0 11.8 221.3 37.6 413.4 1.5 225.9 7.0 187.5 -4.4 198.9 -1.6 106.7 6.9 92.2 -9.9 153.1 -21.9 120.9 -17.8 32.2 -34.0 157.5 -19.7 120.9 -17.8 36.5 -25.2 130.7 -14.7 100.3 -17.1 30.4 -5.7 67.4 -13.6 52.3 -16.0 15.1 -4.1 560.4 2.7 331.9 -1.2 228.4 8.9 589.9 8.1 331.9 -1.2 257.9 23.0 544.1 -2.9 326.2 -1.7 217.9 -4.6 266.3 -4.9 159.0 -1.9 107.3 -9.1 68.0 25.8 51.5 29.1 16.4 16.7 69.9 29.5 51.5 29.1 18.4 30.8 79.7 17.2 64.5 25.2 15.2 -7.7 36.5 7.4 30.2 28.2 6.3 -39.6 22.4 61.6 10.5 280.8 11.9 7.3 24.7 78.1 10.5 280.8 14.2 28.0 31.8 41.5 11.4 8.5 20.4 70.4 14.4 52.0 5.5 29.6 8.9 70.1 90.4 33.1 62.0 45.3 28.4 12.6 94.7 39.5 62.0 45.3 32.7 29.5 111.5 23.2 75.9 22.3 35.6 25.2 50.9 17.1 35.7 28.4 15.2 -2.9 82.9 18.2 82.9 18.2 733.8 7.3 476.9 6.3 256.9 9.2 82.9 18.2 82.9 18.2 767.6 12.3 476.9 6.3 290.7 23.6 98.9 19.2 98.9 19.2 754.5 2.8 501.0 5.0 253.5 -1.3 46.9 22.8 46.9 22.8 364.1 0.6 241.6 6.0 122.5 -8.4 Ricoh Co., Ltd. Flash Report Year ended March 31, 2000 4. Nonconsolidated Sales by Product Category(Office equipment; other businesses) (continued) (Billions of yen) Year ended Year ended Year ended March 31, ’99 March 31, ’00 March 31, ’00 Year ended Half year ended March 31, ’01 September 30 ’00 (exc. Exchange rate effect) (Forecast) (Forecast) <Other Businesses> Other Businesses ......................................... 36.6 43.6 44.5 55.5 25.9 (% change) ......................................... 19.0 21.6 27.2 34.6 Domestic ............................................ 27.1 32.4 32.4 39.0 18.4 (% change) ......................................... 19.4 19.4 20.2 33.4 Export ............................................ 9.5 11.2 12.1 16.5 7.5 (% change) ......................................... 17.9 27.9 47.3 37.4 Grand Total ............................................ 720.5 777.5 812.2 810.0 390.0 (% change) ......................................... 7.9 12.7 4.2 2.4 Domestic ............................................ 475.7 509.3 509.3 540.0 260.0 (% change) ......................................... 7.1 7.1 6.0 7.6 Export ............................................ 244.7 268.1 302.8 270.0 130.0 (% change) ......................................... 9.6 23.7 0.7 -6.6 The Americas.................................... 101.2 115.3 129.4 110.0 53.0 (% change) ......................................... 14.0 27.9 -4.7 -15.3 Europe ............................................ 112.8 115.4 135.1 120.0 55.0 (% change) ......................................... 2.4 19.8 3.9 -5.7 Other ............................................ 30.6 37.2 38.3 40.0 22.0 (% change) ......................................... 21.4 25.2 7.5 20.9 Each category includes the following products: Digital Imaging Systems ............. Digital PPCs, color PPCs, stencil duplicators, facsimile machines, related supplies and services Other Imaging Systems ............... Analog PPCs, diazo copiers, and related supplies including thermal paper, and services Printing Systems ........................ Multifunctional printers(MFPs), laser printers, related supplies, services and software Other Input/Output Systems ........ Optical discs and system scanners Network System Solutions........... Personal computers, PC servers, network systems, network related software, And service/support Other Businesses ......................... Digital cameras, analog cameras, semiconductors Ricoh Co., Ltd. Flash Report Year ended March 31, 2000 5. Expenditure for Plant and Equipment/Depreciation (Consolidated) Year ended Year ended Year ended March 31, ’99 March 31, ’00 March 31, ’01 (Forecast) Expenditure for plant and equipment (billions of yen)....... (% change from the previous period)………………….. Depreciation for tangible fixed assets (billions of yen)...... (% change from the previous period)………………….. 70.4 -25.1 67.4 8.9 58.3 -17.2 61.9 -8.2 76.0 30.2 67.5 9.0 (Nonconsolidated) Year ended Year ended Year ended March 31, ’99 March 31, ’00 March 31, ’01 (Forecast) Expenditure for plant and equipment (billions of yen)....... (% change from the previous period)………………….. . Depreciation for tangible fixed assets (billions of yen)...... (% change from the previous period)……………...…… 21.6 -33.4 24.7 3.8 17.8 -17.3 21.9 -11.4 32.0 79.1 24.5 11.7 6. R&D Expenditure (Consolidated) Year ended Year ended Year ended March 31, ’99 March 31, ’00 March 31, ’01 (Forecast) R&D Expenditure (billions of yen).................................... (% change from the previous period)………………….. Percent of net sales (%)...................................................... 66.7 -4.6 4.7 66.5 -0.4 4.6 70.0 5.2 4.7 Year ended Year ended Year ended (Nonconsolidated) March 31, ’99 March 31, ’00 March 31, ’01 (Forecast) R&D Expenditure (billions of yen).................................... (% change from the previous period)………………….. Percent of net sales (%)...................................................... 64.0 -5.0 8.9 64.3 0.5 8.3 64.0 -0.6 7.9 Ricoh Co., Ltd. Flash Report Year ended March 31, 2000 7. Calculation Information Where the Equity Method Is Applied to Ricoh’s Leasing Subsidiary The statements of income and the balance sheets below reflect the application of the equity method where Ricoh Leasing Company, Ltd., is excluded from the consolidated accounts. Statements of Income (Year ended March 31, 2000) Consolidated Net sales............................................................................................. Gross profit ........................................................................................ Operating income............................................................................... Income before income taxes................................................................ Net income......................................................................................... 1,447.1 580.0 88.9 70.3 41.9 1,336.7 569.5 84.5 67.7 41.9 Balance Sheets (Year ended March 31, 2000) Consolidated Current assets Fixed assets 779.7 763.5 (Billions of yen) Equity Method 901.2 407.6 Consolidated Short-term borrowings 207.1 385.0 592.1 307.9 101.6 409.6 541.5 1,543.3 Other current liabilities Current liabilities Long-term indebtedness Other fixed liabilities Fixed liabilities Shareholders’ investment Assets 1,543.3 (Billions of yen) Equity Method 1,308.9 Liabilities and shareholders’ investment Key Financial Ratios (Year ended March 31, 2000) 65.2 475.0 540.2 144.7 82.4 227.1 541.5 1,308.9 (%) Consolidated Change from Equity Method previous period Return on assets................................................................. Return on equity…………………………………………. Equity ratio……………………………………………….. Debt/Total assets…………………………………………. Debt/Equity……… ……………………………………… Total assets turnover……………………………………… Equity Method 4.4 8.1 35.1 33.4 95.1 0.91 1.2 1.7 5.2 -6.7 -38.9 - Change from previous period 5.0 8.1 41.4 16.0 38.8 0.99 1.3 1.7 6.2 -6.6 -25.5 - Ricoh Co., Ltd. Flash Report Year ended March 31, 2000