Financial Highlights /Appendix

January 30, 2015
QUARTERLY REPORT
Third Quarter ended December 31, 2014
(Results for the Period from April 1, 2014 to December 31, 2014)
Performance Outline (Consolidated)
(1) Nine months ended December 31, 2013, 2014 (Actual result) and Year ending March 31, 2015 (Forecast)
(Billions of yen)
Nine months ended
December 31, 2013
Results
Domestic sales
Overseas sales
Sales
Gross profit
Operating profit
Profit before income tax expenses
Profit attributable to owners of the parent
Exchange rate (Yen/US$)
Exchange rate (Yen/EURO)
Earnings per share attributable to owners
of the parent-basic (yen).
Earnings per share attributable to owners
of the parent-diluted (yen).
Change
Year ending
March 31, 2015
Forecast
Change
636.7
945.3
1,582.0
640.7
78.4
75.9
43.4
99.42
132.31
59.88
610.9
1,018.9
1,629.8
679.1
86.0
84.8
52.3
106.84
140.26
72.22
-4.1%
7.8%
3.0%
6.0%
9.8%
11.8%
20.6%
7.42
7.95
12.34
875.0
1,385.0
2,260.0
936.0
140.0
135.0
80.0
105.13
140.19
110.35
-3.3%
7.3%
2.9%
7.2%
16.3%
14.3%
9.9%
4.84
5.72
9.91
-
-
-
-
-
47.1
-73.9
43.6
144.1
51.3
46.8
85.9
35.6
-110.6
59.5
136.5
54.9
53.3
86.8
-11.5
-36.6
15.9
-7.5
3.5
6.4
0.8
78.0
72.0
121.0
5.0
8.6
4.7
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
Capital expenditures
Depreciation
R&D expenditures
March 31, 2014
Total assets
Equity attributable to owners of the parent
Interest-bearing debt
Equity attributable to owners of the parent
ratio (%)
Equity per share attributable to owners of
the parent (yen)
Nine months ended
December 31, 2014
Results
December 31, 2014
Change
2,596.6
1,029.4
724.1
39.6
2,748.8
1,109.3
819.8
40.4
152.2
79.8
95.7
0.8
1,420.04
1,530.28
110.24
(2) Three months ended December 31, 2013 and 2014
(Billions of yen)
Domestic sales
Overseas sales
Sales
Gross profit
Operating profit
Profit before income tax expenses
Profit attributable to owners of the parent
Exchange rate (Yen/US$)
Exchange rate (Yen/EURO)
Earnings per share attributable to owners
of the parent-basic (yen).
Earnings per share attributable to owners
of the parent-diluted (yen).
Capital expenditures
Depreciation
R&D expenditures
Three months ended
December 31, 2013
Results
Three months ended
December 31, 2014
Results
Change
215.7
327.0
542.8
220.7
26.4
25.7
15.3
100.46
136.70
21.14
196.0
361.0
557.0
232.7
30.2
29.2
18.3
114.37
142.87
25.34
-9.2%
10.4%
2.6%
5.4%
14.2%
13.8%
19.9%
13.91
6.17
4.20
-
-
-
15.8
16.3
28.3
16.2
17.5
28.6
0.4
1.2
0.3
Ricoh Company, Ltd.
* Above forecasted results are based on information available to the Company as at to date which are likely subject to risks and uncertainties that may cause the
actual results to differ materially from the forecasted results.
1
Ricoh Company, Ltd. and Consolidated Subsidiaries
Financial Highlights for the nine months Ended December 31, 2014
[Prepared on the basis of International Financial Reporting Standards]
1. Results for the Period from April 1, 2014 to December 31, 2014
(1) Operating Results
(Millions of yen)
Nine months ended
Nine months ended
December 31, 2013
December 31, 2014
Sales
1,582,097
1,629,815
(% change from the previous corresponding period)
3.0
Operating profit
78,401
86,089
(% change from the previous corresponding period)
9.8
Profit before income tax expenses
75,908
84,882
(% change from the previous corresponding period)
11.8
Profit for the period
47,537
56,890
(% change from the previous corresponding period)
19.7
Profit attributable to owners of the parent
43,415
52,351
(% change from the previous corresponding period)
20.6
Comprehensive income
129,687
109,282
(% change from the previous corresponding period)
-15.7
Earnings per share attributable to owners of the parent-basic (yen)
59.88
72.22
Earnings per share attributable to owners of the parent-diluted (yen)
Notes: Earnings per share attributable to owners of the parent (basic and diluted) are based on Profit attributable to owners of the parent.
(2) Financial Position
Total assets
Total equity
Equity attributable to owners of the parent
Equity attributable to owners of the parent ratio (%)
March 31, 2014
2,596,618
1,094,396
1,029,413
39.6
(Millions of yen)
December 31, 2014
2,748,843
1,178,655
1,109,306
40.4
Year ended
March 31, 2014
(Actual)
33.00
16.50
16.50
Year ending
March 31, 2015
(Forecast)
34.00
17.00
17.00
2. Dividend Information
Cash dividends, applicable to the year (yen)
Interim (yen)
Year-end (yen)
Notes: Revision of expected dividends during this period: No
3. Forecast of Operating Results from April 1, 2014 to March 31, 2015
Sales
(% change from the previous corresponding period)
Operating profit
(% change from the previous corresponding period)
Profit before income tax expenses
(% change from the previous corresponding period)
Profit attributable to owners of the parent
(% change from the previous corresponding period)
Earnings per share attributable to owners of the parent-basic (yen)
Notes: Revision of forecast of consolidated operating results during this period: No
(Millions of yen)
Year ending
March 31, 2015
2,260,000
2.9
140,000
16.3
135,000
14.3
80,000
9.9
110.35
4. Others
(1)
(2)
(3)
(4)
(5)
Changes in significant subsidiaries: No
Changes in accounting policies and accounting estimate
(i) Changes in accounting policies required by IFRS: Yes
(ii) Other changes: No
(iii) Changes in accounting estimate: No
* For details see "4.Others" on page 5.
Number of common stock outstanding (including treasury stock):
As of December 31, 2014 : 744,912,078 shares ; As of March 31, 2014 : 744,912,078 shares
Number of treasury stock:
As of December 31, 2014 : 20,008,302 shares ; As of March 31, 2014 : 19,995,714 shares
Average number of common stock:
Nine months ended December 31, 2014 : 724,909,960 shares ; Nine months ended December 31, 2013 : 725,000,489 shares
2
Qualitative Information on Consolidated Financial Results for the Period under Review
1. Qualitative Information on Consolidated Business Results
* Overview of the nine months of Fiscal 2014 (April 1 – December 31, 2014)
Ricoh’s consolidated sales for the nine months increased by 3.0% to ¥1,629.8 billion compared to the previous corresponding period, due
mainly by the increase in sales in both the Imaging & Solutions and the Industrial Products segment.
During this period, the average exchange rates of the Japanese yen against the U.S. dollar and the euro were ¥106.84 (down ¥7.42 from
previous year) and ¥140.26 (down ¥7.95 from previous year) respectively. Consolidated sales would have decreased by 0.9% compared to
the previous corresponding period when excluding the impact of such foreign currency exchange fluctuation.
The Japanese economy, even though corporate earnings have been improving due to the monetary-easing policies implemented by the
government, overall consumer spending remains sluggish as consumer prices have increased with the increase in consumption tax and the
weak yen.
Under such market conditions, sales in the Industrial Products increased along with increase in sales of color MFP models, but the decline in
demand for personal computers affected overall sales, resulting in the sales decrease in the Imaging & Solutions segment. As a result, the
sales in the domestic market decreased by 4.1% compared to the previous corresponding period.
As for the overseas market, the U.S. economy continued to show signs of a solid recovery, but the outlook of the overall global economy
remains uncertain with the continuous decline in oil prices and the slowdown in the growth of the emerging markets. Even under such market
conditions, the weak yen during the nine months has contributed to the overall increase in Ricoh’s overseas sales.
As for overseas sales by region, sales in the Americas increased by 9.5% (an increase of 1.9% excluding foreign currency exchange
fluctuation), sales in Europe, Middle East and Africa increased by 3.9% (a decrease of 1.9% excluding foreign currency exchange
fluctuation) and sales in Other region, which includes China, South East Asia and Oceania, increased by 13.0% (an increase of 7.7%,
excluding foreign currency exchange fluctuation).
As a result, sales in the overseas market increased by 7.8% compared to the previous corresponding period. Excluding effects of foreign
currency fluctuations, sales in overseas would have increased by 1.2% compared to the previous corresponding period.
Gross profit increased by 6.0% to ¥679.1 billion, due to increase in sales and the weakening of the yen.
Although group-wide activities to streamline costs have contributed in controlling selling, general and administrative expenses, these
expenses have increased by 5.5% to ¥593.0 billion, due to the weakening of the yen and acquisitions.
As a result, operating profit increased by 9.8% to ¥86.0 billion compared to the previous corresponding period.
Finance income increased compared to the previous corresponding period, mainly due to foreign exchange gains.
Profit before income tax expenses increased by 11.8% to ¥84.8 billion compared to the previous corresponding period.
As a result, profit attributable to owners of the parent increased by 20.6% to ¥52.3 billion.
Although profit increased compared to the previous corresponding period, comprehensive income decreased significantly to ¥109.2 billion
due to remeasurement of defined benefit plan and the decrease in cumulative translation adjustments.
3
* Review by Business Segment
Imaging & Solutions (Sales up 3.0% to ¥1,452.4 billion)
Office Imaging (Sales up 2.8% to ¥1,105.7 billion)
Sales in this category increased by 2.8% to ¥1,105.7 billion, due to the weakening of the yen and the increase in sales in both the
domestic and overseas market of color MFP models introduced in the previous year.
Production Printing (Sales up 6.6% to ¥137.9 billion)
Sales in this category increased by 6.6% to ¥137.9 billion. This was achieved through the increase in sales of related parts & supplies
and services in both the domestic and overseas market.
Network System Solutions (Sales up 1.9% to ¥208.7 billion)
Sales in this category increased by 1.9% to ¥208.7 billion. Although the decline in demand for personal computers affected the overall
sales in the domestic market, the acquisition of mindSHIFT Technologies in U.S. and the increase in sales in the Indian market offset this
decline, resulting in an overall sales increase in this category.
As a result of the above, sales in the Imaging & Solutions segment increased by 3.0% to ¥1,452.4 billion. Even though strong sales were
achieved through the sustained depreciation of the yen, operating profit decreased by 0.4% to ¥125.7 billion due to the increase in
operating expenses.
Industrial Products (Sales up 6.8% to ¥87.9 billion)
Sales in the Industrial Products segment increased by 6.8% to ¥87.9 billion due to increase in sales in the Thermal business. As a result,
operating profit in the Industrial Product segment increased by 41.2% to ¥4.4 billion.
Other (Sales down 0.7% to ¥89.4 billion)
Sales in the Other segment decreased by 0.7% to ¥89.4 billion. Even though sales decreased in the digital camera business compared to the
previous corresponding period, the Company earned ¥1 million operating profit in this segment due to reduction in investment in new
businesses (Operating loss in the previous corresponding period was ¥0.3 billion).
2. Analysis of Consolidated Financial Position
*Assets, Liabilities and Equity
Total assets increased by ¥152.2 billion to ¥2,748.8 billion, mainly due to depreciation of the yen, increase in inventories and other financial
assets.
Total liabilities increased by ¥67.9 billion to ¥1,570.1 billion, mainly due to the increase in bonds and borrowings to meet working capital
demand relating to payables and payment of bonuses.
Total equity increased by ¥84.2 billion to ¥1,178.6 billion, mainly due to increase in other components of equity.
*Cash Flows (Nine months ended December 31, 2014)
Even though profit for the period increased compared to the previous corresponding period, net cash provided by operating activities
decreased by ¥11.5 billion to ¥35.6 billion, mainly due to decrease in trade and other payables.
Net cash used in investing activities increased by ¥36.6 billion to ¥110.6 billion, mainly due to decrease in proceeds from sales of
available-for-sale securities.
Net cash provided by financing activities increased by ¥15.9 billion to ¥59.5 billion, mainly due to the increase in proceeds from long term
debt.
As a result, the balance of cash and cash equivalent at the end of the period decreased by ¥3.5 billion to ¥136.5 billion.
4
3. Qualitative Information on Forecasted Consolidated Financial Results
Since the nine months business results and other changes in the business environment such as exchange rate fluctuations were within the
scope of our assumption, no changes have been made to the forecast of sales, gross profit, operating profit, profit before income tax expenses
and profit attributable to owners of the parent announced in October.
Ricoh will maintain the assumed exchange rates set forth in October of ¥100.00 against the U.S. dollar and of ¥140.00 against the euro in
the three months ending March 31, 2015, and has incorporated the actual exchange rates during the nine months ended December 31, 2014 in
the annual exchange rates assumption.
Our performance forecast for fiscal year ending March 31, 2015 is as follows:
Exchange Rate Assumptions for the full year ending March 31, 2015
US$ 1
= ¥105.13 (¥100.29 in previous fiscal year)
EURO 1
= ¥140.19 (¥134.47 in previous fiscal year)
(Billions of yen)
Domestic sales
Overseas sales
Sales
Gross profit
Operating profit
Profit before income tax expenses
Profit attributable to owners of the parent
Year ended
March 31, 2014
(A)
905.1
1,290.5
2,195.6
873.2
120.3
118.0
72.8
Year ending
March 31, 2015
(Forecast)
(B)
875.0
1,385.0
2,260.0
936.0
140.0
135.0
80.0
Change
(B-A)/A
-3.3%
7.3%
2.9%
7.2%
16.3%
14.3%
9.9%
* Above forecasted results are based on information available to the Company as at to date which are likely subject to risks and uncertainties
that may cause the actual results to differ materially from the forecasted results.
4. Others
(1) Changes in significant subsidiaries
Not applicable
(2)
Changes in accounting policies
Ricoh did not change the significant accounting policies from the previous fiscal year, with the exception of the following.
The adoption of the following IFRSs has no material impact on Ricoh’s condensed consolidated financial statements.
Some of the comparative information on Ricoh's condensed consolidated financial statements has been adjusted retrospectively to apply the
change in accounting policy.
IFRSs
IAS 32
IAS 36
IAS 39
IFRIC 21
IFRS 10
IFRS 12
Title
Financial Instruments:
Presentation
Impairment of Assets
Financial Instruments:
Effectiveness testing
Levies
Consolidated
Financial Statements
Disclosure of Interests
in Other Entities
Summaries of new IFRSs/amendments
Presentation of offsets of financial assets and financial liabilities
Disclosure of recoverable amounts for non-financial assets
Continuing hedge accounting after derivative novations
Recognition of liabilities related to levies
Regulations of control as single basis for consolidation
Disclosure requirements for forms of interests in other entities,
including subsidiaries, joint control arrangements, associates and
unconsolidated structured entities
5
5. Condensed Consolidated Financial Statements
(1)
Condensed Consolidated Statement of Financial Position
Assets
March 31, 2014
Current Assets
Cash and cash equivalents
Time deposits
Trade and other receivables
Other financial assets
Inventories
Other current assets
Total Current Assets
Non-current assets
Property, plant and equipment
Goodwill and intangible assets
Other financial assets
Investments accounted for using the equity method
Other investments
Other non-current assets
Deferred tax assets
Total Non-current Assets
Total Assets
December 31, 2014
(Millions of yen)
Change
140,047
4,057
544,725
249,682
194,171
34,317
1,166,999
136,529
3,696
555,512
256,200
240,512
41,562
1,234,011
-3,518
-361
10,787
6,518
46,341
7,245
67,012
270,702
399,354
560,892
1,074
50,724
40,420
106,453
1,429,619
2,596,618
277,778
444,668
588,888
483
51,068
44,923
107,024
1,514,832
2,748,843
7,076
45,314
27,996
-591
344
4,503
571
85,213
152,225
Liabilities and Equity
March 31, 2014
Current Liabilities
Bonds and borrowings
Trade and other payables
Other financial liabilities
Income tax payables
Other current liabilities
Total Current Liabilities
Non-current Liabilities
Bonds and borrowings
Other financial liabilities
Accrued pension and retirement benefits
Other non-current liabilities
Deferred tax liabilities
Total Non-current Liabilities
Total Liabilities
Equity
Common stock
Additional paid-in capital
Treasury stock
Other components of equity
Retained earnings
Equity attributable to owners of the parent
Non-controlling interests
Total Equity
Total Liabilities and Equity
6
December 31, 2014
(Millions of yen)
Change
271,768
281,957
18,140
14,435
249,391
835,691
307,965
249,256
4,945
12,026
256,606
830,798
36,197
-32,701
-13,195
-2,409
7,215
-4,893
452,396
1,014
124,554
74,614
13,953
666,531
1,502,222
511,932
1,457
134,668
82,369
8,964
739,390
1,570,188
59,536
443
10,114
7,755
-4,989
72,859
67,966
135,364
186,083
-37,278
119,904
625,340
1,029,413
64,983
1,094,396
2,596,618
135,364
186,083
-37,291
182,223
642,927
1,109,306
69,349
1,178,655
2,748,843
-13
62,319
17,587
79,893
4,366
84,259
152,225
(2)
Condensed Consolidated Statement of Profit or Loss and Condensed Consolidated Statement of Comprehensive Income
Condensed Consolidated Statement of Profit or Loss
Nine months ended December 31, 2013 and 2014
(Millions of yen)
Sales
Cost of sales
Percentage of sales (%)
Gross profit
Percentage of sales (%)
Selling, general and administrative expenses
Percentage of sales (%)
Operating profit
Percentage of sales (%)
Finance income
Percentage of sales (%)
Finance costs
Percentage of sales (%)
Share of loss of investments accounted for using the
equity method
Percentage of sales (%)
Profit before income tax expenses
Percentage of sales (%)
Income tax expenses
Percentage of sales (%)
Profit for the period
Percentage of sales (%)
Profit attributable to:
Owners of the parent
Percentage of sales (%)
Non-controlling interests
Percentage of sales (%)
Nine months ended
December 31, 2013
1,582,097
941,331
59.5
640,766
40.5
562,365
35.5
78,401
5.0
4,313
0.3
6,777
0.4
-29
Nine months ended
December 31, 2014
1,629,815
950,632
58.3
679,183
41.7
593,094
36.4
86,089
5.3
4,492
0.3
5,630
0.3
-69
-0.0
75,908
4.8
28,371
1.8
47,537
3.0
-0.0
84,882
5.2
27,992
1.7
56,890
3.5
43,415
2.7
4,122
0.3
52,351
3.2
4,539
0.3
Nine months ended
December 31, 2013
59.88
-
Earnings per share attributable to owners of the parent-basic (yen)
Earnings per share attributable to owners of the parent-diluted (yen)
Change
47,718
9,301
%
3.0
1.0
38,417
6.0
30,729
5.5
7,688
9.8
179
4.2
-1,147
-16.9
-40
-
8,974
11.8
-379
-1.3
9,353
19.7
8,936
20.6
417
10.1
Nine months ended
December 31, 2014
72.22
-
Change
12.34
-
Three months ended December 31, 2013 and 2014
(Millions of yen)
Sales
Cost of sales
Percentage of sales (%)
Gross profit
Percentage of sales (%)
Selling, general and administrative expenses
Percentage of sales (%)
Operating profit
Percentage of sales (%)
Finance income
Percentage of sales (%)
Finance costs
Percentage of sales (%)
Share of profit (loss) of investments accounted for using
the equity method
Percentage of sales (%)
Profit before income tax expenses
Percentage of sales (%)
Income tax expenses
Percentage of sales (%)
Profit for the period
Percentage of sales (%)
Profit attributable to:
Owners of the parent
Percentage of sales (%)
Non-controlling interests
Percentage of sales (%)
Three months ended
December 31, 2013
542,852
322,148
59.3
220,704
40.7
194,236
35.8
26,468
4.9
451
0.1
1,174
0.2
6
Three months ended
December 31, 2014
557,027
324,300
58.2
232,727
41.8
202,506
36.4
30,221
5.4
1,015
0.2
1,906
0.3
-37
0.0
25,751
4.7
9,114
1.7
16,637
3.1
-0.0
29,293
5.3
9,245
1.7
20,048
3.6
15,323
2.8
1,314
0.2
18,372
3.3
1,676
0.3
Three months ended
December 31, 2013
21.14
-
Earnings per share attributable to owners of the parent-basic (yen)
Earnings per share attributable to owners of the parent-diluted (yen)
7
Change
14,175
2,152
%
2.6
0.7
12,023
5.4
8,270
4.3
3,753
14.2
564
125.1
732
62.4
-43
-
3,542
13.8
131
1.4
3,411
20.5
3,049
19.9
362
27.5
Three months ended
December 31, 2014
25.34
-
Change
4.20
-
Condensed Consolidated Statement of Comprehensive Income
Nine months ended December 31, 2013 and 2014
Nine months ended
December 31, 2013
47,537
Profit for the period
Other comprehensive income (loss):
Components that will not be reclassified subsequently to
profit or loss:
Remeasurement of defined benefit plan
Total components that will not be reclassified
subsequently to profit or loss
Components that will be reclassified subsequently to
profit or loss:
Net gain (loss) on fair value of available-for-sale financial
assets
Net gain on fair value of cash flow hedges
Exchange differences on translation of foreign operations
Total components that will be reclassified
subsequently to profit or loss
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:
Owners of the parent
Non-controlling interests
(Millions of yen)
Nine months ended
December 31, 2014
Change
56,890
9,353
4,355
4,355
-10,478
-10,478
-14,833
-14,833
7,260
-64
-7,324
889
69,646
77,795
1,595
61,339
62,870
706
-8,307
-14,925
82,150
129,687
52,392
109,282
-29,758
-20,405
125,484
4,203
104,192
5,090
-21,292
887
Three months ended December 31, 2013 and 2014
Three months ended
December 31, 2013
16,637
Profit for the period
Other comprehensive income (loss):
Components that will not be reclassified subsequently to
profit or loss:
Remeasurement of defined benefit plan
Total components that will not be reclassified
subsequently to profit or loss
Components that will be reclassified subsequently to
profit or loss:
Net gain on fair value of available-for-sale financial
assets
Net gain on fair value of cash flow hedges
Exchange differences on translation of foreign operations
Total components that will be reclassified
subsequently to profit or loss
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:
Owners of the parent
Non-controlling interests
8
(Millions of yen)
Three months ended
December 31, 2014
Change
20,048
3,411
1,055
1,055
-10,478
-10,478
-11,533
-11,533
4,491
1,149
-3,342
384
43,097
47,972
939
47,709
49,797
555
4,612
1,825
49,027
65,664
39,319
59,367
-9,708
-6,297
64,110
1,554
57,224
2,143
-6,886
589
Consolidated Sales by Product Category
Nine months ended December 31, 2013 and 2014
(Millions of yen)
Nine months ended
December 31, 2013
Nine months ended
December 31, 2014
1,075,448
68.0
129,345
8.2
204,829
12.9
1,409,622
89.1
1,105,726
67.8
137,909
8.5
208,782
12.8
1,452,417
89.1
30,278
2.8
8,564
6.6
3,953
1.9
42,795
3.0
82,369
5.2
87,958
5.4
5,589
6.8
90,106
5.7
1,582,097
100.0
89,440
5.5
1,629,815
100.0
-666
-0.7
47,718
3.0
Three months ended
December 31, 2013
Three months ended
December 31, 2014
367,595
67.7
46,402
8.6
71,593
13.2
485,590
89.5
383,723
68.9
48,995
8.8
64,601
11.6
497,319
89.3
16,128
4.4
2,593
5.6
-6,992
-9.8
11,729
2.4
28,443
5.2
30,884
5.5
2,441
8.6
28,819
5.3
542,852
100.0
28,824
5.2
557,027
100.0
5
0.0
14,175
2.6
<Imaging & Solutions>
Office Imaging
Percentage of sales (%)
Production Printing
Percentage of sales (%)
Network System Solutions
Percentage of sales (%)
Imaging & Solutions Total
Percentage of sales (%)
<Industrial Products>
Industrial Products
Percentage of sales (%)
<Other>
Other
Percentage of sales (%)
Grand Total
Percentage of sales (%)
Change
%
Three months ended December 31, 2013 and 2014
(Millions of yen)
<Imaging & Solutions>
Office Imaging
Percentage of sales (%)
Production Printing
Percentage of sales (%)
Network System Solutions
Percentage of sales (%)
Imaging & Solutions Total
Percentage of sales (%)
<Industrial Products>
Industrial Products
Percentage of sales (%)
<Other>
Other
Percentage of sales (%)
Grand Total
Percentage of sales (%)
Change
%
*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, electronic components, semiconductor devices and inkjet head
Other
Digital cameras
* The compilation method has been changed from this fiscal year such as reclassification of certain products from Production Printing to
Industrial Products. Prior year comparative figures have also been reclassified to conform to the current year's presentation.
9
Consolidated Sales by Geographic Area
Nine months ended December 31, 2013 and 2014
(Millions of yen)
<Domestic>
Percentage of sales (%)
<Overseas>
Percentage of sales (%)
The Americas
Percentage of sales (%)
Europe, Middle East and Africa
Percentage of sales (%)
Other
Percentage of sales (%)
Grand Total
Percentage of sales (%)
Nine months ended
December 31, 2013
636,766
40.2
945,331
59.8
432,157
27.3
376,689
23.8
136,485
8.7
1,582,097
100.0
Nine months ended
December 31, 2014
610,910
37.5
1,018,905
62.5
473,306
29.0
391,428
24.0
154,171
9.5
1,629,815
100.0
Three months ended
December 31, 2013
215,761
39.7
327,091
60.3
146,588
27.0
134,988
24.9
45,515
8.4
542,852
100.0
Three months ended
December 31, 2014
196,007
35.2
361,020
64.8
169,073
30.4
136,981
24.6
54,966
9.8
557,027
100.0
Change
-25,856
%
-4.1
73,574
7.8
41,149
9.5
14,739
3.9
17,686
13.0
47,718
3.0
Three months ended December 31, 2013 and 2014
(Millions of yen)
<Domestic>
Percentage of sales (%)
<Overseas>
Percentage of sales (%)
The Americas
Percentage of sales (%)
Europe, Middle East and Africa
Percentage of sales (%)
Other
Percentage of sales (%)
Grand Total
Percentage of sales (%)
Change
-19,754
%
-9.2
33,929
10.4
22,485
15.3
1,993
1.5
9,451
20.8
14,175
2.6
* The compilation method has been changed from this fiscal year such as reclassification of certain products from Production Printing to
Industrial Products. Prior year comparative figures have also been reclassified to conform to the current year's presentation.
10
(3)
Condensed Consolidated Statement of Changes in Equity
Common
Stock
Balance as of April 1,
2013
Profit for the period
Other comprehensive
income (loss)
Comprehensive income:
Net change in treasury
stock
Dividends declared and
approved to owners
Transfer from other
components of equity
to retained earnings
Total transactions with
owners
Balance as of December
31, 2013
Additional
paid-in capital
135,364
186,083
-37,146
-
-
-
-
9,989
-861
4,447
7,210
586
4,447
7,210
586
-120
-4,447
-
-
-120
-4,447
-
-
135,364
186,083
-37,266
-
17,199
-275
Other components of equity
Exchange
Total other
differences on
components
translation of
of equity
foreign
operations
Balance as of April 1,
2013
Profit for the period
Other comprehensive
income (loss)
Comprehensive income:
Net change in treasury
stock
Dividends declared and
approved to owners
Transfer from other
components of equity
to retained earnings
Total transactions with
owners
Balance as of December
31, 2013
Treasury stock
(Millions of Yen)
Other components of equity
Net gain(loss)
Net gain(loss)
on fair value of
Remeasurement
on fair value of
available-forof defined
cash flow
sale financial
benefit plan
hedges
assets
49,486
58,614
69,826
82,069
69,826
82,069
Equity
attributable to
owners of the
parent
Retained
earnings
570,790
43,415
Non-controlling
interests
913,705
60,297
Total equity
974,002
43,415
4,122
47,537
82,069
81
82,150
43,415
125,484
4,203
129,687
-3
-123
-23,925
-23,925
-4,447
4,447
-
-
-4,447
-19,481
-24,048
-674
-24,722
119,312
136,236
594,724
1,015,141
63,826
1,078,967
11
-123
-674
-24,599
-
Common
Stock
Balance as of April 1,
2014
Profit for the period
Other comprehensive
income (loss)
Comprehensive income:
Net change in treasury
stock
Dividends declared and
approved to owners
Transfer from other
components of equity
to retained earnings
Total transactions with
owners
Balance as of December
31, 2014
Additional
paid-in capital
135,364
186,083
-37,278
-
-
-
-
11,848
-221
-10,478
-64
889
-10,478
-64
889
-13
10,478
-
-
-13
10,478
-
-
135,364
186,083
-37,291
-
11,784
668
Other components of equity
Exchange
Total other
differences on
components
translation of
of equity
foreign
operations
Balance as of April 1,
2014
Profit for the period
Other comprehensive
income (loss)
Comprehensive income:
Net change in treasury
stock
Dividends declared and
approved to owners
Transfer from other
components of equity
to retained earnings
Total transactions with
owners
Balance as of December
31, 2014
Treasury stock
(Millions of Yen)
Other components of equity
Net gain(loss)
Net gain(loss)
on fair value of
Remeasurement
on fair value of
available-forof defined
cash flow
sale financial
benefit plan
hedges
assets
108,277
Equity
attributable to
owners of the
parent
Retained
earnings
119,904
Non-controlling
interests
Total equity
625,340
1,029,413
64,983
1,094,396
52,351
52,351
4,539
56,890
51,841
551
52,392
52,351
104,192
5,090
109,282
-1
-14
-24,285
-24,285
10,478
-10,478
-
-
10,478
-34,764
-24,299
-724
-25,023
169,771
182,223
642,927
1,109,306
69,349
1,178,655
61,494
51,841
61,494
51,841
12
-14
-724
-25,009
-
(4)
Condensed Consolidated Statement of Cash Flows
Nine months ended
December 31, 2013
I. Cash Flows from Operating Activities:
Profit for the period
Adjustments to reconcile profit for the period to net cash
provided by operating activities—
Depreciation and amortization
Share of loss of investments accounted for using the equity method
Finance income and costs
Income tax expenses
Decrease (increase) in trade and other receivables
Increase in inventories
Increase in lease receivables
Decrease in trade and other payables
Decrease in accrued pension and retirement benefits
Other, net
Interest and dividends received
Interest paid
Income taxes paid
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
Expenditures for intangible assets
Payments for purchases of available-for-sale securities
Proceeds from sales of available-for-sale securities
Decrease in time deposits
Purchase of business, net of cash acquired
Other, net
Net cash used in investing activities
III. Cash Flows from Financing Activities:
Net proceeds (repayments) of short-term debt
Proceeds from long-term debt
Repayments of long-term debt
Proceeds from issuance of bonds
Repayments of bonds
Dividends paid
Payments 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
13
(Millions of yen)
Nine months ended
December 31, 2014
47,537
56,890
79,956
29
2,464
28,371
-7,822
-14,592
-35,323
-7,025
-31,085
7,045
1,548
-4,511
-19,402
47,190
80,877
69
1,138
27,992
15,914
-29,208
-18,699
-41,768
-13,821
-16,781
1,877
-4,977
-23,818
35,685
530
-51,385
-25,384
-62
7,153
34
-566
-4,262
-73,942
1,208
-54,938
-25,716
-93
158
990
-8,499
-23,720
-110,610
24,815
103,645
-78,327
20,000
-1,826
-23,925
-109
-671
43,602
10,225
27,075
117,051
144,126
1,480
185,438
-87,396
20,000
-35,000
-24,285
-15
-701
59,521
11,886
-3,518
140,047
136,529
(5)
Notes on premise going concern
Not applicable
(6)
Segment Information
(a) Operating Segment Information
Nine months ended December 31, 2013 and 2014
(Millions of yen)
Nine months ended
December 31, 2013
Nine months ended
December 31, 2014
1,409,622
1,409,622
1,283,343
126,279
9.0
1,452,417
1,452,417
1,326,700
125,717
8.7
42,795
42,795
43,357
-562
3.0
3.4
-0.4
82,369
8,786
91,155
88,019
3,136
3.4
87,958
10,042
98,000
93,572
4,428
4.5
5,589
1,256
6,845
5,553
1,292
6.8
14.3
7.5
6.3
41.2
90,106
90,106
90,470
-364
-0.4
89,440
89,440
89,439
1
0.0
-666
-666
-1,031
365
-0.7
-8,786
-8,786
-10,042
-10,042
-1,256
-1,256
-
-8,786
50,650
41,864
-50,650
-10,042
44,057
34,015
-44,057
-1,256
-6,593
-7,849
6,593
-
1,582,097
1,582,097
1,503,696
78,401
5.0
1,629,815
1,629,815
1,543,726
86,089
5.3
47,718
47,718
40,030
7,688
Imaging & Solutions:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on sales in Imaging & Solutions (%)
Industrial Products:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on sales in Industrial Products (%)
Other:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit (loss)
Operating profit (loss) on sales in Other (%)
Corporate and Eliminations:
Sales:
Intersegment
Total
Operating expenses:
Intersegment
Corporate
Total
Operating loss
Consolidated:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on consolidated sales (%)
Change
%
3.0
-0.7
-1.1
-
3.0
3.0
2.7
9.8
* The compilation method has been changed from this fiscal year such as reclassification of certain products from Imaging & Solutions to
Industrial Products. Prior year comparative figures have also been reclassified to conform to the current year's presentation.
* The compilation method has been changed from this quarter such as reorganization of Industrial Products segment. Prior year comparative
figures have also been reclassified to conform to the current year's presentation.
14
Three months ended December 31, 2013 and 2014
(Millions of yen)
Three months
ended
December 31, 2013
Three months
ended
December 31, 2014
485,590
485,590
444,686
40,904
8.4
497,319
497,319
453,216
44,103
8.9
11,729
11,729
8,530
3,199
2.4
1.9
7.8
28,443
2,880
31,323
30,068
1,255
4.0
30,884
3,629
34,513
32,142
2,371
6.9
2,441
749
3,190
2,074
1,116
8.6
26.0
10.2
6.9
88.9
28,819
28,819
28,667
152
0.5
28,824
28,824
28,991
-167
-0.6
5
5
324
-319
0.0
-2,880
-2,880
-3,629
-3,629
-749
-749
-
-2,880
15,843
12,963
-15,843
-3,629
16,086
12,457
-16,086
-749
243
-506
-243
-
542,852
542,852
516,384
26,468
4.9
557,027
557,027
526,806
30,221
5.4
14,175
14,175
10,422
3,753
Imaging & Solutions:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on sales in Imaging & Solutions (%)
Industrial Products:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on sales in Industrial Products (%)
Other:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit (loss)
Operating profit (loss) on sales in Other (%)
Corporate and Eliminations:
Sales:
Intersegment
Total
Operating expenses:
Intersegment
Corporate
Total
Operating loss
Consolidated:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on consolidated sales (%)
Change
%
2.4
0.0
1.1
-
2.6
2.6
2.0
14.2
* The compilation method has been changed from this fiscal year such as reclassification of certain products from Imaging & Solutions to
Industrial Products. Prior year comparative figures have also been reclassified to conform to the current year's presentation.
* The compilation method has been changed from this quarter such as reorganization of Industrial Products segment. Prior year comparative
figures have also been reclassified to conform to the current year's presentation.
15
(b) Geographic Segment Information
Nine months ended December 31, 2013 and 2014
(Millions of yen)
Nine months ended
December 31, 2013
Nine months ended
December 31, 2014
660,264
333,102
993,366
948,992
44,374
4.5
634,551
365,566
1,000,117
952,771
47,346
4.7
-25,713
32,464
6,751
3,779
2,972
-3.9
9.7
0.7
0.4
6.7
431,536
6,669
438,205
426,943
11,262
2.6
473,218
5,960
479,178
462,813
16,365
3.4
41,682
-709
40,973
35,870
5,103
9.7
-10.6
9.4
8.4
45.3
372,800
605
373,405
357,960
15,445
4.1
388,401
910
389,311
374,643
14,668
3.8
15,601
305
15,906
16,683
-777
4.2
50.4
4.3
4.7
-5.0
117,497
175,740
293,237
280,197
13,040
4.4
133,645
198,573
332,218
313,993
18,225
5.5
16,148
22,833
38,981
33,796
5,185
13.7
13.0
13.3
12.1
39.8
-516,116
-516,116
-510,396
-5,720
-571,009
-571,009
-560,494
-10,515
-54,893
-54,893
-50,098
-4,795
-
1,582,097
1,582,097
1,503,696
78,401
5.0
1,629,815
1,629,815
1,543,726
86,089
5.3
47,718
47,718
40,030
7,688
Japan:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on sales in Japan (%)
The Americas:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on sales in the Americas (%)
Europe, Middle East and Africa:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on sales in Europe, Middle East and
Africa (%)
Other:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on sales in Other (%)
Corporate and Eliminations:
Sales:
Intersegment
Total
Operating expenses
Operating loss
Consolidated:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on consolidated sales (%)
16
Change
%
3.0
3.0
2.7
9.8
Three months ended December 31, 2013 and 2014
(Millions of yen)
Three months
ended
December 31, 2013
Three months
ended
December 31, 2014
224,029
113,380
337,409
327,116
10,293
3.1
203,956
141,084
345,040
327,679
17,361
5.0
-20,073
27,704
7,631
563
7,068
-9.0
24.4
2.3
0.2
68.7
146,272
2,617
148,889
144,376
4,513
3.0
168,804
1,771
170,575
163,441
7,134
4.2
22,532
-846
21,686
19,065
2,621
15.4
-32.3
14.6
13.2
58.1
133,828
207
134,035
126,399
7,636
5.7
135,822
367
136,189
131,400
4,789
3.5
1,994
160
2,154
5,001
-2,847
1.5
77.3
1.6
4.0
-37.3
38,723
63,719
102,442
97,899
4,543
4.4
48,445
76,569
125,014
116,116
8,898
7.1
9,722
12,850
22,572
18,217
4,355
25.1
20.2
22.0
18.6
95.9
-179,923
-179,923
-179,406
-517
-219,791
-219,791
-211,830
-7,961
-39,868
-39,868
-32,424
-7,444
-
542,852
542,852
516,384
26,468
4.9
557,027
557,027
526,806
30,221
5.4
14,175
14,175
10,422
3,753
Japan:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on sales in Japan (%)
The Americas:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on sales in the Americas (%)
Europe, Middle East and Africa:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on sales in Europe, Middle East and
Africa (%)
Other:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on sales in Other (%)
Corporate and Eliminations:
Sales:
Intersegment
Total
Operating expenses
Operating loss
Consolidated:
Sales:
Unaffiliated customers
Intersegment
Total
Operating expenses
Operating profit
Operating profit on consolidated sales (%)
17
Change
%
2.6
2.6
2.0
14.2
-APPENDIX1.
Consolidated Sales by Product Category
Nine months ended December 31, 2013 and 2014
(Millions of yen)
Nine months
ended
December 31,
2013
<Imaging & Solutions>
Office Imaging
Percentage of sales (%)
Domestic
Overseas
Production Printing
Percentage of sales (%)
Domestic
Overseas
Network System Solutions
Percentage of sales (%)
Domestic
Overseas
Imaging & Solutions Total
Percentage of sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Industrial Products>
Industrial Products
Percentage of sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Other>
Other
Percentage of sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
Grand Total
Percentage of sales (%)
Domestic
Percentage of sales (%)
Overseas
Percentage of sales (%)
The Americas
Percentage of sales (%)
Europe, Middle East and Africa
Percentage of sales (%)
Other
Percentage of sales (%)
Nine months
ended
December 31,
2014
1,075,448
68.0
345,901
729,547
129,345
8.2
23,271
106,074
204,829
12.9
165,380
39,449
1,409,622
89.1
534,552
875,070
414,021
358,437
102,612
1,105,726
67.8
337,879
767,847
137,909
8.5
22,448
115,461
208,782
12.8
146,773
62,009
1,452,417
89.1
507,100
945,317
453,841
371,239
120,237
82,369
5.2
27,011
55,358
14,094
12,261
29,003
87,958
5.4
28,130
59,828
15,768
14,737
29,323
90,106
5.7
75,203
14,903
4,042
5,991
4,870
1,582,097
100.0
636,766
40.2
945,331
59.8
432,157
27.3
376,689
23.8
136,485
8.7
89,440
5.5
75,680
13,760
3,697
5,452
4,611
1,629,815
100.0
610,910
37.5
1,018,905
62.5
473,306
29.0
391,428
24.0
154,171
9.5
Change
%
Change
excluding
exchange impact
%
30,278
2.8
-17,113
-1.6
-8,022
38,300
8,564
-2.3
5.2
6.6
-8,022
-9,091
1,104
-2.3
-1.2
0.9
-823
9,387
3,953
-3.5
8.8
1.9
-823
1,927
350
-3.5
1.8
0.2
-18,607
22,560
42,795
-11.3
57.2
3.0
-18,607
18,957
-15,659
-11.3
48.1
-1.1
-27,452
70,247
39,820
12,802
17,625
-5.1
8.0
9.6
3.6
17.2
-27,452
11,793
8,305
-8,216
11,704
-5.1
1.3
2.0
-2.3
11.4
5,589
6.8
2,702
3.3
1,119
4,470
1,674
2,476
320
4.1
8.1
11.9
20.2
1.1
1,119
1,583
582
1,788
-787
4.1
2.9
4.1
14.6
-2.7
-666
-0.7
-1,319
-1.5
477
-1,143
-345
-539
-259
47,718
0.6
-7.7
-8.5
-9.0
-5.3
3.0
477
-1,796
-563
-848
-385
-14,276
0.6
-12.1
-13.9
-14.2
-7.9
-0.9
-25,856
-4.1
-25,856
-4.1
73,574
7.8
11,580
1.2
41,149
9.5
8,324
1.9
14,739
3.9
-7,276
-1.9
17,686
13.0
10,532
7.7
*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, electronic components, semiconductor devices and inkjet head
Other
Digital cameras
* The compilation method has been changed from this fiscal year such as reclassification of certain products from Production Printing to
Industrial Products. Prior year comparative figures have also been reclassified to conform to the current year's presentation.
18
Three months ended December 31, 2013 and 2014
(Millions of yen)
Three months
ended
December 31,
2013
<Imaging & Solutions>
Office Imaging
Percentage of sales (%)
Domestic
Overseas
Production Printing
Percentage of sales (%)
Domestic
Overseas
Network System Solutions
Percentage of sales (%)
Domestic
Overseas
Imaging & Solutions Total
Percentage of sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Industrial Products>
Industrial Products
Percentage of sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
<Other>
Other
Percentage of sales (%)
Domestic
Overseas
The Americas
Europe, Middle East and Africa
Other
Grand Total
Percentage of sales (%)
Domestic
Percentage of sales (%)
Overseas
Percentage of sales (%)
The Americas
Percentage of sales (%)
Europe, Middle East and Africa
Percentage of sales (%)
Other
Percentage of sales (%)
Three months
ended
December 31,
2014
367,595
67.7
117,501
250,094
46,402
8.6
8,237
38,165
71,593
13.2
57,933
13,660
485,590
89.5
183,671
301,919
140,073
128,353
33,493
383,723
68.9
114,580
269,143
48,995
8.8
7,278
41,717
64,601
11.6
40,861
23,740
497,319
89.3
162,719
334,600
161,698
129,727
43,175
28,443
5.2
8,941
19,502
4,823
4,067
10,612
30,884
5.5
9,647
21,237
5,717
5,144
10,376
28,819
5.3
23,149
5,670
1,692
2,568
1,410
542,852
100.0
215,761
39.7
327,091
60.3
146,588
27.0
134,988
24.9
45,515
8.4
28,824
5.2
23,641
5,183
1,658
2,110
1,415
557,027
100.0
196,007
35.2
361,020
64.8
169,073
30.4
136,981
24.6
54,966
9.8
Change
%
Change
excluding
exchange impact
%
16,128
4.4
-7,273
-2.0
-2,921
19,049
2,593
-2.5
7.6
5.6
-2,921
-4,352
-1,403
-2.5
-1.7
-3.0
-959
3,552
-6,992
-11.6
9.3
-9.8
-959
-444
-8,849
-11.6
-1.2
-12.4
-17,072
10,080
11,729
-29.5
73.8
2.4
-17,072
8,223
-17,525
-29.5
60.2
-3.6
-20,952
32,681
21,625
1,374
9,682
-11.4
10.8
15.4
1.1
28.9
-20,952
3,427
1,888
-4,296
5,835
-11.4
1.1
1.3
-3.3
17.4
2,441
8.6
950
3.3
706
1,735
894
1,077
-236
7.9
8.9
18.5
26.5
-2.2
706
244
206
897
-859
7.9
1.3
4.3
22.1
-8.1
5
0.0
-328
-1.1
492
-487
-34
-458
5
14,175
2.1
-8.6
-2.0
-17.8
0.4
2.6
492
-820
-183
-554
-83
-16,903
2.1
-14.5
-10.8
-21.6
-5.9
-3.1
-19,754
-9.2
-19,754
-9.2
33,929
10.4
2,851
0.9
22,485
15.3
1,911
1.3
1,993
1.5
-3,953
-2.9
9,451
20.8
4,893
10.8
*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, electronic components, semiconductor devices and inkjet head
Other
Digital cameras
* The compilation method has been changed from this fiscal year such as reclassification of certain products from Production Printing to
Industrial Products. Prior year comparative figures have also been reclassified to conform to the current year's presentation.
19
2.
Forecast of Consolidated Performance
(Billions of yen)
Nine months
ended Dec. 31,
2014
Results
Sales
Gross profit
Operating profit
Profit before income tax expenses
Profit attributable to
owners of the parent
Earnings per share attributable to owners of
the parent-basic (yen)
Earnings per share attributable to owners of
the parent- diluted (yen)
Capital expenditures
Depreciation
R&D expenditures
Exchange rate (Yen/US$)
Exchange rate (Yen/EURO)
3.
Change
%
Three months
ending March 31,
2015
Forecast
Change
%
1,629.8
679.1
86.0
84.8
3.0
6.0
9.8
11.8
630.1
256.8
53.9
50.1
2.7
10.5
28.5
18.9
2,260.0
936.0
140.0
135.0
2.9
7.2
16.3
14.3
52.3
20.6
27.6
-6.0
80.0
9.9
72.22
-
38.13
-
110.35
-
54.9
53.3
86.8
106.84
140.26
-
23.1
18.7
34.2
100.00
140.00
-
78.0
72.0
121.0
105.13
140.19
-
Year ending
March 31, 2015
Forecast
Change
%
Forecast of Consolidated Sales by Product Category
(Billions of yen)
Year ended
March 31, 2014
Results
<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
(Note) Excluding foreign exchange impact
Three months ending
March 31, 2015
Forecast
Forecast
(Note)
Year ending March 31, 2015
Forecast
Change
%
Forecast
(Note)
Change
%
1,476.7
484.7
992.0
180.0
32.2
147.8
308.0
250.1
57.8
1,964.8
767.1
1,197.7
565.0
494.4
138.2
410.1
142.6
267.5
57.0
11.1
45.9
97.7
70.2
27.5
564.9
224.0
340.9
143.8
146.8
50.3
415.5
142.6
272.9
58.0
11.1
46.8
98.2
70.2
28.0
571.8
224.0
347.8
148.1
147.9
51.7
1,515.8
480.5
1,035.3
194.9
33.5
161.3
306.5
217.0
89.5
2,017.3
731.1
1,286.2
597.6
518.0
170.5
2.6
-0.9
4.4
8.2
4.2
9.1
-0.5
-13.3
54.8
2.7
-4.7
7.4
5.8
4.8
23.3
1,473.8
480.5
993.3
188.4
33.5
154.9
303.4
217.0
86.4
1,965.8
731.1
1,234.6
570.4
498.1
166.0
-0.2
-0.9
0.1
4.7
4.2
4.8
-1.5
-13.3
49.5
0.0
-4.7
3.1
1.0
0.7
20.1
110.0
36.0
73.9
19.1
16.9
37.9
31.9
10.8
21.1
5.4
5.7
10.0
32.3
10.8
21.4
5.5
5.7
10.2
119.9
38.9
80.9
21.1
20.4
39.3
9.0
8.3
9.4
10.6
20.7
3.7
117.3
38.9
78.4
20.2
19.7
38.4
6.7
8.3
6.0
5.6
16.7
1.4
120.8
102.0
18.7
4.9
7.7
6.0
2,195.6
905.1
1,290.5
589.1
519.1
182.2
33.3
29.2
4.1
1.3
1.6
1.2
630.1
264.0
366.1
150.5
154.1
61.5
33.3
29.2
4.1
1.3
1.6
1.2
637.4
264.0
373.3
155.0
155.2
63.1
122.7
104.9
17.8
4.9
7.0
5.8
2,260.0
875.0
1,385.0
623.8
545.5
215.6
1.6
2.8
-4.7
0.3
-8.5
-4.0
2.9
-3.3
7.3
5.9
5.1
18.3
122.1
104.9
17.2
4.7
6.7
5.6
2,205.3
875.0
1,330.3
595.4
524.6
210.1
1.1
2.8
-8.2
-4.1
-12.5
-6.1
0.4
-3.3
3.1
1.1
1.1
15.3
* The compilation method has been changed from this fiscal year such as reclassification of certain products from Production Printing to
Industrial Products. Prior year comparative figures have also been reclassified to conform to the current year's presentation.
20