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