Financial Highlights /Appendix

July 28, 2005
QUARTERLY REPORT
First Quarter ended June 30, 2005
(Results for the Period from April 1, 2005 to June 30, 2005)
Performance Outline (Consolidated)
Three months ended Three months ended
June 30, 2005
June 30, 2004
Results
Results
Change
(Billions of yen)
Year ending
March 31, 2006
Change
Forecast
Domestic sales
Overseas sales
Net sales
Gross profit
Operating income
Income before income taxes
Net income
233.9
218.9
452.9
194.7
37.2
38.0
23.7
233.3
203.2
436.5
189.1
39.3
41.3
24.8
0.3%
7.8%
3.8%
2.9%
-5.3%
-7.8%
-4.7%
999.7
886.3
1,886.0
800.0
160.0
160.0
97.0
2.7%
5.4%
4.0%
6.0%
18.1%
18.2%
16.7%
Exchange rate (Yen/US$)
Exchange rate (Yen/EURO)
107.60
135.55
109.65
132.17
-2.05
3.38
105.65
131.39
-1.93
-3.86
Net income per share (yen)
32.32
33.69
-1.37
132.16
19.52
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
48.3
-36.0
-52.4
144.6
42.2
-10.8
-21.2
215.4
6.0
-25.1
-31.1
-70.8
-
-
34.7
15.6
25.5
18.6
15.9
24.3
16.0
-0.3
1.1
114.0
69.0
116.0
29.2
2.2
5.5
Capital expenditures
Depreciation for tangible fixed assets
R&D expenditures
June 30, 2005
Total assets
Shareholders' equity
Interest-bearing debt
Equity ratio (%)
Shareholders' equity per share (yen)
March 31, 2005
Change
1,899.9
879.6
366.4
1,953.6
862.9
410.0
-53.6
16.6
-43.6
46.3
44.2
2.1
1,198.48
1,175.67
22.81
Ricoh Company, Ltd.
* The Company bases the forecast estimates for the fiscal year ending March 31, 2006 above upon information currently available to management,
which involves risks and uncertainties that could cause actual results to differ materially from those projected.
1
Performance
*Overview
Consolidated net sales for the first quarter of fiscal 2006 (the three months period from April 1 to June 30, 2005) increased
by 3.8% as compared to the previous corresponding period, to ¥452.9 billion. During this quarter, the average yen exchange
rates were ¥107.60 against the U.S. dollar (up ¥2.05) and ¥135.55 against the Euro (down ¥3.38). Net sales would rise 3.5%
excluding impact of such foreign currency exchange fluctuation.
As for Japan, sales of product categories such as PPCs (plain paper copiers), MFPs (multifunctional printers) and laser
printers, especially color model, increased. On the other hand, sales of personal computers and PC servers decreased and
sales of optical equipments and semiconductor businesses decreased due to sluggish demand or its cycle. Consequently,
overall domestic sales increased by 0.3% as compared to the previous corresponding period.
As for overseas, sales of product categories such as digital PPCs, color PPCs, MFPs and laser printers increased in each
region. Sales in the Americas increased by 11.2% as compared to the previous corresponding period, in spite of yen’s
appreciation against the U.S. dollar. Sales in Europe increased by 4.1% with steady growth of sales volume. And sales in
other region such as China, Asian and Oceania increased by 11.6%, owing to the growth of MFPs sales. Consequently,
overall overseas sales increased by 7.8%.
Gross profit increased by 2.9% to ¥194.7 billion owing to increased sales of high-margin, high-value-added products in the
Office Solution Business segment and ongoing cost-cutting activities for logistic, manufacturing and so on.
In terms of selling, general and administrative expenses, R&D expenses were ¥25.5 billion, up ¥1.1 billion from the
previous corresponding period and 5.6% of net sales. A part of expenses was spent for reorganization of domestic bases and
restructuring or integration of group companies in Japan and overseas. Consequently, selling, general and administrative
expenses increased by 5.1% to ¥157.4 billion.
As a result, operating income decreased by 5.3% as compared to the previous corresponding period, to ¥37.2 billion.
In terms of other (income) expenses, the interest expense decreased due to the interest-bearing debt reduction, yet Ricoh
recorded a gain on sale of certain consolidated subsidiary in the previous corresponding period. As a result, income before
income taxes decreased by 7.8% as compared to the previous corresponding period, to ¥38.0 billion.
The expanded amount of tax exemption on the R&D expenses and investing in Information Technology caused effective tax
rate reduced. As a result, net income decreased by 4.7% as compared to the previous corresponding period, to ¥23.7 billion.
2
*Conditions by Product Line
Office Solution Business (Sales up 5.5% to ¥388.0 billion)
Sales in the Imaging Solution as our core business increased as compared to the previous corresponding period due primarily to the
continuously increase in domestic and overseas sales of color PPCs, MFPs and laser printers. On the other hand, net sales in the
Network System Solution decreased as compared to the previous corresponding period due primarily to the decrease in sales of
personal computers and PC servers. As a result, net sales in the Office Solution Business increased by 5.5% as compared to the
previous corresponding period, to ¥388.0 billion.
Imaging Solution (Sales up 7.7% to ¥349.4 billion)
- Although domestic sales of digital PPCs decreased due primarily to the shift in customer demands to MFPs from stand-alone
products, overseas sales of digital PPCs continued to perform well.
- Color PPCs increased by introducing a new series of products to the market in responding to the increase of customer demands.
- In response to the demands for high speed, networking and coloration, sales of MFPs continued to increase by offering new
product lineups in Japan and overseas.
MFPs:
Imagio Neo 603 in Japan
Aficio 2015 overseas
Color MFPs: Imagio Neo C246 in Japan
Aficio 2228C/2235C/2245C series overseas
- Sales of laser printers continued to increase.
- As a result, sales in this category increased by 7.7%.
Network System Solution (Sales down 10.8% to ¥38.5 billion)
- Sales in this category decreased due primarily to the decrease in sales of personal computers and PC servers.
As a result, sales in the Office Solution Business increased by 5.5% as compared to the previous corresponding period. Net
operating income in this segment decreased by 1.7% as compared to the previous corresponding period, to ¥48.6 billion. Despite the
effect of the sales increase and new product offering, and the continuous cost cutting activities with respect to the improvements on
logistics and manufacturing and so on, it was offset by the costs incurred by reorganization and integration of domestic bases and
overseas subsidiaries and affiliates.
Industry Business (Sales down 11.8% to ¥26.0 billion)
Sales in the Industry Business decreased by 11.8% as compared to the previous corresponding period, to ¥26.0 billion. This was
due primarily to the decrease in demand and the demand cycle of semiconductor and optical equipments businesses.
As a result, net operating loss for this segment was ¥0.5 billion.
Other Business (Sales down 1.0% to ¥38.8 billion)
Sales in the Other Business decreased by 1.0% as compared to the previous corresponding period, to ¥38.8 billion, due primarily to
the decrease of optical discs business in overseas. On the other hand, financing and logistics businesses performed well in profits.
As a result, net operating income for this segment increased as compared to the previous corresponding period, to ¥0.9 billion.
Note: Effective from this financial period, our business segment is changed into three categories such as "Office Solution",
"Industry" and "Other".
*Cash Flows (Three months from April 1, 2005 to June 30, 2005)
Net cash provided by operating activities increased by ¥6.0 billion as compared to the previous corresponding period, to ¥48.3
billion. It was due to the fact that the decrease of trade receivables and effective control of inventories level despite trade payables
decreased.
Net cash used in investing activities increased by ¥25.1 billion as compared to the previous corresponding period, to ¥36.0 billion,
due primarily to capital expenditures for R&D and production.
As a result, free cash flow generated by operating and investing activities decreased by ¥19.0 billion as compared to the previous
corresponding period, to ¥12.3 billion.
Net cash used in financing activities amounted to ¥52.4 billion due primarily to the repayment of interest-bearing debt such as bonds
and the payment of dividend.
As a result, cash and cash equivalents at the end of this first quarter decreased by ¥42.2 billion as compared to the end of the
preceding fiscal year, to ¥144.6 billion.
3
*Forecast for the entire fiscal year
As for the forecast of business results for the fiscal year ending March 31, 2006, we have revised downward our forecast of
sales, gross profit, operating income, and income before income taxes from announced in April 2005. This revision reflects the
first quarter result, intense market competition, and expected changes of business environment. We, however, intend to
maintain our forecast for net income in the current fiscal year. We maintain our exchange rates assumption of ¥105.00 against
the U.S. dollar and of ¥130.00 against the Euro in and after the second quarter as announced in April 2005.
Compared to the previous fiscal year, on the other hand, we forecast improvement both of sales and income. We believe the
fluctuations of market demand and exchange rate will be able to be managed by implementing business strategies, such as the
continuous and effective introduction of new products in Japan and overseas.
Our performance forecast for fiscal 2006 is as follows:
Exchange Rate Assumptions for the full year ending March 31, 2006
US$ 1 = ¥105.65 (¥107.58 in previous fiscal year)
EURO 1 = ¥131.39 (¥135.25 in previous fiscal year)
(Billions of yen)
Domestic sales
Overseas sales
Net sales
Gross profit
Operating income
Income before income taxes
Net income
Year ending
March 31, 2006
(Forecast)
999.7
886.3
1,886.0
800.0
160.0
160.0
97.0
Year ended
March 31, 2005
(Results)
972.9
841.1
1,814.1
754.5
135.5
135.3
83.1
Change
2.7%
5.4%
4.0%
6.0%
18.1%
18.2%
16.7%
* Ricoh bases the forecast estimates for the year ending March 31, 2006 above upon information currently available to
management, which involves risks and uncertainties that could cause actual results to differ materially from those projected.
4
Ricoh Company, Ltd. and Consolidated Subsidiaries
Financial Highlights for the First Quarter Ended June 30, 2005 (U.S. GAAP Financial Information)
1. Items Relating to First Quarter Financial Statements
(1) No change in accounting method has been made.
(2) No change relating to the scale of consolidation and the application of the equity method has been made.
2. Results for the Period from April 1, 2005 to June 30, 2005
(1) Operating Results
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
(% change from the previous corresponding period)
Net income per share-basic (yen)
Net income per share-diluted (yen)
Three months ended
June 30, 2005
452,982
3.8
37,282
-5.3
38,095
-7.8
23,723
-4.7
32.32
-
Three months ended
June 30, 2004
436,550
-0.2
39,387
2.3
41,319
10.7
24,894
11.4
33.69
-
(Millions of yen)
Year ended
March 31, 2005
1,814,108
1.9
135,506
-9.7
135,383
-5.4
83,143
-9.4
112.64
-
June 30, 2005
1,899,986
879,665
46.3
1,198.48
June 30, 2004
1,855,745
812,915
43.8
1,100.24
(Millions of yen)
March 31, 2005
1,953,669
862,998
44.2
1,175.67
Three months ended
June 30, 2005
48,350
-36,038
-52,430
144,617
Three months ended
June 30, 2004
42,268
-10,899
-21,294
215,467
(Millions of yen)
Year ended
March 31, 2005
132,780
-96,198
-56,439
186,857
Half year ending
September 30, 2005
918,000
70,800
71,300
43,000
(Millions of yen)
Year ending
March 31, 2006
1,886,000
160,000
160,000
97,000
(2) Financial Position
Total assets
Shareholders' equity
Equity ratio (%)
Equity per share (yen)
Cash Flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
3. Forecast of Operating Results from April 1, 2005 to March 31, 2006
Net sales
Operating income
Income before income taxes
Net income
Note: Net income per share (Consolidated) ¥132.16
In accordance with Japanese regulations, Ricoh has issued forecast for its financial results for the fiscal year ending March 31, 2006.
These forecast are forward-looking statements based on a number of assumptions and beliefs in light of the information.
5
Consolidated Performance
1. Consolidated Statements of Income
(Millions of yen)
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) expense
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 minority interests
Percentage of net sales (%)
Provision for income taxes
Percentage of net sales (%)
Minority interests in earnings of subsidiaries
Percentage of net sales (%)
Equity in earnings of affiliates
Percentage of net sales (%)
Net income
Percentage of net sales (%)
Reference : Exchange rate
US$ 1
EURO 1
Three months ended
June 30, 2005
452,982
258,260
57.0
194,722
43.0
157,440
34.8
37,282
8.2
Three months ended
June 30, 2004
436,550
247,379
56.7
189,171
43.3
149,784
34.3
39,387
9.0
685
0.2
1,009
0.2
-1,137
-0.2
603
0.1
1,230
0.3
-2,559
-0.7
38,095
8.4
13,509
3.0
1,226
0.3
363
0.1
23,723
5.2
41,319
9.5
15,919
3.6
1,118
0.3
612
0.1
24,894
5.7
¥107.60
¥135.55
¥109.65
¥132.17
Change
16,432
10,881
%
3.8
4.4
5,551
2.9
7,656
5.1
-2,105
-5.3
82
13.6
-221
-18.0
1,422
-55.6
-3,224
-7.8
-2,410
-15.1
108
9.7
-249
-40.7
-1,171
-4.7
2-1. Consolidated Sales by Product Category
(Millions of yen)
Three months ended
June 30, 2005
<Office Solution Business>
Imaging Solution Business
Percentage of net sales (%)
Network system Solution Business
Percentage of net sales (%)
Office Solution Business Total
Percentage of net sales (%)
<Industry Business>
Industry Business
Percentage of net sales (%)
<Other Business>
Other Business
Percentage of net sales (%)
Grand Total
Percentage of net sales (%)
Three months ended
June 30, 2004
Change
%
349,487
77.2
38,586
8.5
388,073
85.7
324,494
74.3
43,251
9.9
367,745
84.2
24,993
7.7
-4,665
-10.8
20,328
5.5
26,078
5.8
29,583
6.8
-3,505
-11.8
38,831
8.5
452,982
100.0
39,222
9.0
436,550
100.0
-391
-1.0
16,432
3.8
Note: Effective from this financial period, our business segment is changed into three categories such as "Office Solution", "Industry" and "Other". Accordingly, information for
the previous corresponding period has been reclassified to conform with the current classification.
Each category includes the following product line:
Imaging Solution Business
Digital PPCs, color PPCs, digital duplicators, facsimile machines, analog PPCs, diazo copiers, scanners,
MFPs(multifunctional printers), laser printers and software
Network system Solution Business
Personal computers, PC servers, network systems and network related software
Industry Business
Thermal media, optical equipments, semiconductors, electronic component and measuring equipments
Other Business
Optical discs and digital camera
2-2. Consolidated Sales by Geographic Area
(Millions of yen)
<Domestic>
Percentage of net sales (%)
<Overseas>
Percentage of net sales (%)
The Americas
Percentage of net sales (%)
Europe
Percentage of net sales (%)
Other
Percentage of net sales (%)
Grand Total
Percentage of net sales (%)
Three months ended
June 30, 2005
233,991
51.7
218,991
48.3
87,156
19.2
104,479
23.1
27,356
6.0
452,982
100.0
6
Three months ended
June 30, 2004
233,312
53.4
203,238
46.6
78,401
18.0
100,323
23.0
24,514
5.6
436,550
100.0
Change
%
679
0.3
15,753
7.8
8,755
11.2
4,156
4.1
2,842
11.6
16,432
3.8
3. Consolidated Balance Sheets
Assets
June 30, 2005
Current Assets
Cash and time deposits
Trade receivables
Marketable securities
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
March 31, 2005
146,312
589,987
132
170,526
53,790
960,747
188,311
620,568
138
167,365
53,365
1,029,747
-41,999
-30,581
-6
3,161
425
-69,000
262,204
395,273
281,762
939,239
1,899,986
247,410
391,947
284,565
923,922
1,953,669
14,794
3,326
-2,803
15,317
-53,683
144,617
1,695
186,857
1,454
Liabilities and Shareholders’ Investment
June 30, 2005
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
Minority Interest
Shareholders’ Investment
Common stock
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Treasury stock
Total Shareholders’ Investment
Total Liabilities and Shareholders’ Investment
Note: Other comprehensive income;
Net unrealized holding gains on available-for-sale securities
Pension liability adjustments
Net unrealized gains (losses) on derivative instruments
Cumulative translation adjustments
Reference: Exchange rate
March 31, 2005
(Millions of yen)
Change
302,147
158,956
158,991
620,094
336,499
183,518
151,497
671,514
-34,352
-24,562
7,494
-51,420
207,499
93,576
46,974
348,049
968,143
52,178
226,567
92,672
48,767
368,006
1,039,520
51,151
-19,068
904
-1,793
-19,957
-71,377
1,027
135,364
186,548
600,890
-21,597
-21,540
879,665
1,899,986
135,364
186,551
584,515
-21,963
-21,469
862,998
1,953,669
-3
16,375
366
-71
16,667
-53,683
5,007
-14,773
122
-11,953
4,791
-14,652
117
-12,219
216
-121
5
266
June 30, 2005
March 31, 2005
US$ 1
¥110.62
¥107.39
EURO 1
¥133.63
¥138.87
7
(Millions of yen)
Change
4. Consolidated Statements of Cash Flows
(Millions of yen)
Three months ended Three months ended
June 30, 2005
June 30, 2004
I. Cash Flows from Operating Activities:
1. Net income
2. Adjustments to reconcile net income to net cash
provided by operating activities—
Depreciation and amortization
Equity in earnings of affiliates, net of dividends received
Deferred income taxes
Loss on disposals and sales of tangible fixed assets
Changes in assets and liabilities—
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
Increase (Decrease) accrued pension and severance costs
Other, net
Net cash provided by operating activities
II. Cash Flows from Investing Activities:
1. Proceeds from sales of property, plant and equipment
2. Expenditures for tangible fixed assets
3. Payments for purchases of available-for-sale securities
4. Proceeds from sales of available-for-sale securities
5. Increase in time deposits
6. Other, net
Net cash used in investing activities
III. Cash Flows from Financing Activities:
1. Proceeds from long-term indebtedness
2. Repayment of long-term indebtedness
3. Increase (Decrease) in short-term borrowings, net
4. Proceeds from issuance of long-term debt securities
5. Repayment of long-term debt securities
6. Dividends paid
7. Payment for purchase of treasury stock
8. Other, net
Net cash used in 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. Adjustment for Change in Fiscal Year End of Consolidated Subsidiaries
VIII. Cash and Cash Equivalents at End of Period
8
23,723
24,894
19,632
113
653
405
18,790
-158
2,771
17
32,314
-2,209
-6,166
-32,329
23,735
-7,841
-13,546
-11,390
7,241
883
4,090
48,350
3,074
-429
2,351
42,268
21
-34,720
-36,105
36,542
-196
-1,580
-36,038
535
-18,647
-137
5
-1,182
8,527
-10,899
13,366
-20,420
3,308
-41,000
-7,348
-100
-236
-52,430
-2,122
-42,240
186,857
144,617
14,734
-18,929
-342
1,000
-10,000
-7,405
-98
-254
-21,294
-122
9,953
203,039
2,475
215,467
5. Segment Information
(1) Industry Segment Information
(Millions of yen)
Three months ended
June 30, 2005
Office Solution Business:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Office Solution Business (%)
Industry Business:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Industry Business (%)
Other Business:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Other Business (%)
Corporate and Eliminations:
Net sales:
Intersegment
Total
Operating expenses:
Intersegment
Corporate
Total
Operating income
Consolidated:
Net sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating income
Operating income on consolidated net sales (%)
Three months ended
June 30, 2004
388,073
388,073
339,394
48,679
367,745
367,745
318,210
49,535
12.5
13.5
26,078
586
26,664
27,188
-524
29,583
668
30,251
29,220
1,031
-2.0
3.4
38,831
38,831
37,873
958
39,222
39,222
38,591
631
2.5
1.6
-586
-586
Change
%
20,328
20,328
21,184
-856
5.5
5.5
6.7
-1.7
-3,505
-82
-3,587
-2,032
-1,555
-11.8
-12.3
-11.9
-7.0
-
-391
-391
-718
327
-1.0
-1.0
-1.9
51.8
-668
-668
82
82
-
-594
11,839
11,245
-11,831
-678
11,820
11,142
-11,810
84
19
103
-21
-
452,982
452,982
415,700
37,282
436,550
436,550
397,163
39,387
16,432
16,432
18,537
-2,105
3.8
3.8
4.7
-5.3
8.2
9.0
Note: Effective from this financial period, our business segment is changed into three categories such as "Office Solution", "Industry" and "Other". Accordingly,
information for the previous corresponding period has been reclassified to conform with the current classification.
9
(2) Geographic Segment Information
(Millions of yen)
Three months ended
June 30, 2005
Japan:
Net sales:
External customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in Japan (%)
The Americas:
Net sales:
External customers
Intersegment
Total
Operating expenses
Operating income
Operating income on sales in the Americas (%)
Europe:
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
Operating income on consolidated net sales (%)
Three months ended
June 30, 2004
241,524
104,986
346,510
317,403
29,107
239,663
96,410
336,073
304,421
31,652
8.4
9.4
86,298
1,308
87,606
86,282
1,324
76,632
1,295
77,927
76,053
1,874
1.5
2.4
103,476
1,120
104,596
98,698
5,898
100,626
941
101,567
95,414
6,153
5.6
6.1
21,684
23,627
45,311
42,126
3,185
19,629
21,010
40,639
38,239
2,400
7.0
5.9
-131,041
-131,041
-128,809
-2,232
Change
%
1,861
8,576
10,437
12,982
-2,545
0.8
8.9
3.1
4.3
-8.0
9,666
13
9,679
10,229
-550
12.6
1.0
12.4
13.4
-29.3
2,850
179
3,029
3,284
-255
2.8
19.0
3.0
3.4
-4.1
2,055
2,617
4,672
3,887
785
10.5
12.5
11.5
10.2
32.7
-119,656
-119,656
-116,964
-2,692
-11,385
-11,385
-11,845
460
-
452,982
452,982
415,700
37,282
436,550
436,550
397,163
39,387
16,432
16,432
18,537
-2,105
3.8
3.8
4.7
-5.3
8.2
9.0
10
-APPENDIX- (Three months ended June 30, 2005)
1. Consolidated Sales by Product Category
(Millions of yen)
Three months ended
June 30, 2005
<Office Solution Business>
Imaging Solution Business
Percentage of net sales (%)
Domestic
Overseas
Network System Solution Business
Percentage of net sales (%)
Domestic
Overseas
Office Solution Business Total
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe
Other
<Industry Business>
Industry Business
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe
Other
<Other Business>
Other Business
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe
Other
Grand Total
Percentage of net sales (%)
Domestic
Percentage of net sales (%)
Overseas
Percentage of net sales (%)
The Americas
Percentage of net sales (%)
Europe
Percentage of net sales (%)
Other
Percentage of net sales (%)
Reference: Exchange rate
US$ 1
EURO 1
Three months ended
June 30, 2004
349,487
77.2
149,622
199,865
38,586
8.5
36,599
1,987
388,073
85.7
186,221
201,852
82,966
98,671
20,215
324,494
74.3
139,352
185,142
43,251
9.9
41,839
1,412
367,745
84.2
181,191
186,554
74,145
93,979
18,430
26,078
5.8
15,858
10,220
3,139
3,945
3,136
Change
%
Change excluding
exchange impact
%
24,993
7.7
24,043
7.4
10,270
14,723
-4,665
7.4
8.0
-10.8
10,270
13,773
-4,687
7.4
7.4
-10.8
-5,240
575
20,328
-12.5
40.7
5.5
-5,240
553
19,356
-12.5
39.2
5.3
5,030
15,298
8,821
4,692
1,785
2.8
8.2
11.9
5.0
9.7
5,030
14,326
10,404
2,353
1,569
2.8
7.7
14.0
2.5
8.5
29,583
6.8
20,278
9,305
2,342
3,549
3,414
-3,505
-11.8
-3,526
-11.9
-4,420
915
797
396
-278
-21.8
9.8
34.0
11.2
-8.1
-4,420
894
857
305
-268
-21.8
9.6
36.6
8.6
-7.9
38,831
8.5
31,912
6,919
1,051
1,863
4,005
452,982
100.0
233,991
51.7
218,991
48.3
87,156
19.2
104,479
23.1
27,356
6.0
39,222
9.0
31,843
7,379
1,914
2,795
2,670
436,550
100.0
233,312
53.4
203,238
46.6
78,401
18.0
100,323
23.0
24,514
5.6
-391
-1.0
-404
-1.0
69
-460
-863
-932
1,335
16,432
0.2
-6.2
-45.1
-33.3
50.0
3.8
69
-473
-859
-965
1,351
15,426
0.2
-6.4
-44.9
-34.5
50.6
3.5
679
0.3
679
0.3
15,753
7.8
14,747
7.3
8,755
11.2
10,402
13.3
4,156
4.1
1,693
1.7
2,842
11.6
2,652
10.8
¥107.60
¥135.55
¥109.65
¥132.17
¥-2.05
¥3.38
Each category includes the following product line:
Imaging Solution Business
Digital PPCs, color PPCs, digital duplicators, facsimile machines, analog PPCs, diazo copiers, scanners,
MFPs(multifunctional printers), laser printers and software
Network system Solution Business
Personal computers, PC servers, network systems and network related software
Industry Business
Thermal media, optical equipments, semiconductors, electronic component and measuring equipments
Other Business
Optical discs and digital camera
A1
2. Consolidated Sales by Previous Product Category (for reference)
(Millions of yen)
Three months ended
June 30, 2005
<Office Equipment>
Imaging Solutions:
Digital Imaging Systems
Percentage of net sales (%)
Domestic
Overseas
Other Imaging Systems
Percentage of net sales (%)
Domestic
Overseas
Total Imaging Solutions
Percentage of net sales (%)
Domestic
Overseas
Network Input/Output Systems:
Printing Systems
Percentage of net sales (%)
Domestic
Overseas
Other Input/Output Systems
Percentage of net sales (%)
Domestic
Overseas
Total Network Input/Output Systems
Percentage of net sales (%)
Domestic
Overseas
Network System Solutions
Percentage of net sales (%)
Domestic
Overseas
Office Equipment Total
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe
Other
< Other Business >
Other Business
Percentage of net sales (%)
Domestic
Overseas
The Americas
Europe
Other
Grand Total
Percentage of net sales (%)
Domestic
Percentage of net sales (%)
Overseas
Percentage of net sales (%)
The Americas
Percentage of net sales (%)
Europe
Percentage of net sales (%)
Other
Percentage of net sales (%)
Reference: Exchange rate
US$ 1
EURO 1
Three months ended
June 30, 2004
140,270
31.0
56,811
83,459
39,498
8.7
15,441
24,057
179,768
39.7
72,252
107,516
139,383
31.9
59,106
80,277
42,246
9.7
15,995
26,251
181,629
41.6
75,101
106,528
180,221
39.8
80,062
100,159
3,209
0.7
727
2,482
183,430
40.5
80,789
102,641
40,210
8.9
38,223
1,987
403,408
89.1
191,264
212,144
86,960
102,971
22,213
151,970
34.8
66,715
85,255
5,385
1.2
939
4,446
157,355
36.0
67,654
89,701
44,989
10.4
43,577
1,412
383,973
88.0
186,332
197,641
78,225
99,511
19,905
49,574
10.9
42,727
6,847
196
1,508
5,143
452,982
100.0
233,991
51.7
218,991
48.3
87,156
19.2
104,479
23.1
27,356
6.0
52,577
12.0
46,980
5,597
176
812
4,609
436,550
100.0
233,312
53.4
203,238
46.6
78,401
18.0
100,323
23.0
24,514
5.6
¥107.60
¥135.55
¥109.65
¥132.17
Change
%
Change excluding
exchange impact
887
0.6
867
0.6
-2,295
3,182
-2,748
-3.9
4.0
-6.5
-2,295
3,162
-2,913
-3.9
3.9
-6.9
-554
-2,194
-1,861
-3.5
-8.4
-1.0
-554
-2,359
-2,046
-3.5
-9.0
-1.1
-2,849
988
-3.8
0.9
-2,849
803
-3.8
0.8
28,251
18.6
27,468
18.1
13,347
14,904
-2,176
20.0
17.5
-40.4
13,347
14,121
-2,182
20.0
16.6
-40.5
-212
-1,964
26,075
-22.6
-44.2
16.6
-212
-1,970
25,286
-22.6
-44.3
16.1
13,135
12,940
-4,779
19.4
14.4
-10.6
13,135
12,151
-4,801
19.4
13.5
-10.7
-5,354
575
19,435
-12.3
40.7
5.1
-5,354
553
18,439
-12.3
39.2
4.8
4,932
14,503
8,735
3,460
2,308
2.6
7.3
11.2
3.5
11.6
4,932
13,507
10,378
1,028
2,101
2.6
6.8
13.3
1.0
10.6
-3,003
-5.7
-3,013
-5.7
-4,253
1,250
20
696
534
16,432
-9.1
22.3
11.4
85.7
11.6
3.8
-4,253
1,240
24
665
551
15,426
-9.1
22.2
13.6
81.9
12.0
3.5
679
0.3
679
0.3
15,753
7.8
14,747
7.3
8,755
11.2
10,402
13.3
4,156
4.1
1,693
1.7
2,842
11.6
2,652
10.8
¥-2.05
¥3.38
Each category includes the following product line:
Digital Imaging Systems
Digital PPCs, color PPCs, digital duplicators and facsimile machines
Other Imaging Systems
Analog PPCs, diazo copiers, and thermal paper
Printing Systems
MFPs(multifunctional printers), laser printers and software
Other Input/Output Systems
Optical discs and system scanners
Network System Solutions
Personal computers, PC servers, network systems and network related software
Other Business
Optical equipments, metering equipments and semiconductors
A2
%
3. Forecast of Consolidated Performance
(Billions of yen)
Three months ended
Net sales
Gross profit
Operating income
Income before income taxes
Net income
Net income per share (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, 2005
Change
Sept. 30, 2005
Change
Sept. 30, 2005
Change
Mar. 31, 2006
Change
Results
%
Forecast
%
Forecast
%
Forecast
%
452.9
194.7
37.2
38.0
23.7
32.32
34.7
15.6
25.5
107.60
135.55
3.8
2.9
-5.3
-7.8
-4.7
-
465.0
192.6
33.5
33.2
19.2
26.26
23.7
17.3
29.9
105.00
130.00
5.8
10.3
82.5
77.1
76.4
-
918.0
387.4
70.8
71.3
43.0
58.58
58.5
33.0
55.5
106.30
132.78
4.8
6.5
22.6
18.7
20.0
-
1,886.0
800.0
160.0
160.0
97.0
132.16
114.0
69.0
116.0
105.65
131.39
4.0
6.0
18.1
18.2
16.7
-
4. Forecast of Consolidated Sales by Product Category
(Billions of yen)
Half year ending September 30, 2005
Change
Change
Forecast
Forecast(*)
%
%
<Office Solution Business>
Imaging Solution Business
Domestic
Overseas
Network System Solution Business
Domestic
Overseas
Office Solution Business Total
Domestic
Overseas
The Americas
Europe
Other
<Industry Business>
Industry Business
Domestic
Overseas
The Americas
Europe
Other
<Other Business>
Other Business
Domestic
Overseas
The Americas
Europe
Other
Grand Total
Domestic
Overseas
The Americas
Europe
Other
Year ending March 31, 2006
Change
Forecast
Forecast(*)
%
Change
%
694.6
293.6
401.0
90.9
86.9
3.9
785.6
380.5
405.0
170.0
189.4
45.5
8.7
9.6
8.0
-4.9
-6.2
36.4
6.9
5.6
8.2
10.6
4.4
16.7
701.0
293.6
407.4
90.9
86.9
3.9
791.9
380.5
411.3
175.6
190.1
45.5
9.7
9.6
9.7
-4.9
-6.2
35.6
7.8
5.6
9.9
14.3
4.8
16.9
1,410.9
600.0
810.8
201.7
193.4
8.2
1,612.7
793.5
819.1
338.7
391.5
88.8
5.9
6.4
5.6
1.3
0.6
21.4
5.3
4.9
5.7
8.5
1.5
15.2
1,429.2
600.0
829.2
201.7
193.4
8.2
1,631.0
793.5
837.4
344.9
403.3
89.1
7.3
6.4
8.0
1.3
0.6
21.2
6.5
4.9
8.1
10.5
4.6
15.7
56.4
36.4
19.9
5.8
7.5
6.5
-4.0
-8.1
4.5
14.1
4.6
-2.8
56.5
36.4
20.0
5.9
7.5
6.5
-3.7
-8.1
5.5
17.3
4.7
-2.7
116.1
76.4
39.7
11.8
14.5
13.3
-2.7
-5.4
3.0
17.1
-5.2
1.6
116.7
76.4
40.2
11.9
14.9
13.3
-2.2
-5.4
4.5
18.7
-2.5
1.7
75.9
63.3
12.6
1.6
3.4
7.5
918.0
480.4
437.6
177.5
200.4
59.5
-8.0
-8.3
-6.9
-33.6
-19.4
10.9
4.8
2.4
7.6
10.1
3.9
13.4
76.1
63.3
12.8
1.6
3.4
7.7
924.6
480.4
444.2
183.3
201.1
59.8
-7.8
-8.3
-5.6
-33.5
-20.2
13.9
5.6
2.4
9.2
13.6
4.2
14.0
157.0
129.6
27.4
1.8
8.7
16.8
1,886.0
999.7
886.3
352.4
414.8
118.9
-3.8
-4.4
-0.6
-43.9
11.2
2.4
4.0
2.7
5.4
8.2
1.5
11.6
157.7
129.6
28.1
1.8
9.0
17.2
1,905.6
999.7
905.9
358.7
427.3
119.7
-3.4
-4.4
1.9
-43.9
15.1
4.8
5.0
2.7
7.7
10.2
4.5
12.3
* Excluding foreign exchange impact
Each category includes the following product line:
Imaging Solution Business
Digital PPCs, color PPCs, digital duplicators, facsimile machines, analog PPCs, diazo copiers, scanners,
MFPs(multifunctional printers), laser printers and software
Network System Solution Business
Personal computers, PC servers, network systems and network related software
Industry Business
Thermal media, optical equipments, semiconductors, electronic component and measuring equipments
Other Business
Optical discs and digital camera
A3