Ricoh Company, Ltd. INTERIM REPORT -APPENDIX- (Half year ended September 30, 1999) 1. Performance Outline (Consolidated) Half year ended Year ended Half year ended Year ended September 30, ’98 March 31, ’99 September 30, ’99 March 31, ’00 (Forecast) Net sales (billions of yen).................................................... (% change from the previous corresponding period).... Operating income (billions of yen)...................................... (% change from the previous corresponding period).... Income before income taxes (billions of yen)..................... (% change from the previous corresponding period).... Interim (net) income (billions of yen)................................. (% change from the previous corresponding period).... Interim (net) income per share (yen)................................... Return on equity (%)........................................................... Income before income taxes on total assets (%)................. Equity ratio (%)................................................................... Interest income (expenses) net (billions of yen)................. Exchange rate (US$)........................................................... Exchange rate (DM)............................................................ Exchange rate (EURO)....................................................... Number of employees (Japan)............................................ Number of employees (Overseas)...................................... 708.4 2.4 31.2 -27.8 22.4 -30.5 12.1 -7.8 17.59 2.5 1.3 28.8 -2.1 137.77 77.47 40,700 24,200 1,425.9 1.6 73.5 -18.0 53.0 -22.5 30.6 1.7 44.33 6.4 3.2 29.9 -5.7 127.98 73.49 41,700 23,700 717.5 1.3 44.0 41.1 33.8 51.1 20.4 68.0 29.55 4.1 2.1 31.4 -1.6 117.23 63.11 123.43 41,700 26,100 1,455.0 2.0 87.0 18.3 69.0 30.1 41.0 33.7 59.27 -4.0 113.62 62.15 119.72 - Half year ended Year ended Half year ended Year ended (Nonconsolidated) September 30, ’98 March 31, ’99 September 30, ’99 March 31, ’00 (Forecast) Net sales (billions of yen).................................................... (% change from the previous corresponding period).... Operating income (billions of yen)...................................... (% change from the previous corresponding period).... Ordinary income (billions of yen)....................................... (% change from the previous corresponding period).... Interim (net) income (billions of yen)................................. (% change from the previous corresponding period).... Interim (net) income per share (yen)................................... Return on equity (%)........................................................... Ordinary income on total assets (%)................................... Equity ratio (%)................................................................... Payout ratio (%).................................................................. Interest income (expenses) net (billions of yen)................. Exchange rate (US$)........................................................... Exchange rate (DM)............................................................ Exchange rate (EURO)............................................................ Number of employees......................................................... 355.2 -3.6 20.7 -10.0 19.6 -6.8 9.0 -22.5 13.09 2.2 2.6 54.7 42.0 2.9 138.01 76.57 12,561 720.5 -4.3 42.8 -8.2 36.0 -16.1 18.9 -15.7 27.44 4.5 4.8 56.6 40.1 4.0 126.95 71.62 12,622 381.0 7.3 30.0 44.9 24.0 22.7 14.0 55.5 20.35 3.2 3.1 57.5 27.0 2.7 118.29 62.19 123.43 12,427 Ricoh Co., Ltd. Interim Report Half Year ended September 30, 1999 760.0 5.5 57.0 33.1 49.0 36.0 28.5 50.2 41.20 26.7 4.8 114.07 61.19 119.67 - 2. Sales by Product Line (Consolidated) (billions of yen) Half year ended Year ended Half year ended Year ended September 30, ’98 March 31, ’99 September 30, ’99 March 31, ’00 (Forecast) Copiers: Domestic......................................................................... (% change from the previous corresponding period).. Overseas......................................................................... (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). 227.4 -4.2 229.2 17.7 456.7 5.7 450.7 -4.6 456.1 9.0 906.9 1.8 223.1 -1.9 226.7 -1.1 449.8 -1.5 450.0 -0.2 455.0 -0.2 905.0 -0.2 Information Equipment: Domestic......................................................................... (% change from the previous corresponding period).. Overseas......................................................................... (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). 111.9 -2.5 45.9 0.3 157.9 -1.7 234.0 3.5 93.4 -3.0 327.5 1.6 126.1 12.7 51.5 12.1 177.7 12.5 265.0 13.2 110.0 17.8 375.0 14.5 Other Businesses: Domestic......................................................................... (% change from the previous corresponding period).. Overseas......................................................................... (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). 64.6 -7.9 29.0 0.3 93.7 -5.5 136.1 2.7 55.4 -3.3 191.5 0.9 72.5 12.2 17.3 -40.2 89.9 -4.0 140.0 2.9 35.0 -36.8 175.0 -8.6 404.1 -4.3 304.3 12.9 124.7 14.2 136.9 23.5 42.6 -13.8 708.4 2.4 820.9 -1.2 605.0 5.8 239.6 4.0 283.3 12.4 82.0 -8.5 1,425.9 1.6 421.8 4.4 295.6 -2.9 122.8 -1.5 130.9 -4.4 41.8 -1.9 717.5 1.3 855.0 4.2 600.0 -0.8 245.0 2.3 270.0 -4.7 85.0 3.7 1,455.0 2.0 Total: Domestic ................................................................. (% change from the previous corresponding period). Overseas .................................................................... (% change from the previous corresponding period). The Americas...................................................... .. (% change from the previous corresponding period) Europe................................................................... (% change from the previous corresponding period) Other..................................................................... (% change from the previous corresponding period) Total................................................................................ (% change from the previous corresponding period)... Ricoh Co., Ltd. Interim Report Half Year ended September 30, 1999 (Nonconsolidated) (billions of yen) Half year ended Year ended Half year ended Year ended September 30, ’98 March 31, ’99 September 30, ’99 March 31, ’00 (Forecast) Copiers: Domestic......................................................................... (% change from the previous corresponding period). Export............................................................................. (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). 163.5 -5.2 93.8 -1.3 257.3 -3.8 328.6 -5.0 189.0 -3.6 517.7 -4.5 159.9 -2.2 108.9 16.0 268.8 4.5 325.5 -1.0 209.0 10.6 534.5 3.2 Information Equipment: Domestic......................................................................... (% change from the previous corresponding period). Export............................................................................. (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). 54.4 2.9 18.5 -14.6 73.0 -2.2 117.3 4.6 35.2 -21.4 152.6 -2.9 68.0 24.9 24.8 34.1 92.9 27.2 138.0 17.6 50.0 41.7 188.0 23.2 Photographic Equipment: Domestic......................................................................... (% change from the previous corresponding period). Export............................................................................. (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). 2.8 -17.8 2.4 5.2 5.2 -8.5 4.9 -20.6 4.0 -15.8 8.9 -18.5 2.7 -4.4 1.5 -35.8 4.2 -19.0 4.5 -9.7 3.0 -25.2 7.5 -16.6 Other Products: Domestic......................................................................... (% change from the previous corresponding period). Export............................................................................. (% change from the previous corresponding period). Total............................................................................... (% change from the previous corresponding period). 12.1 -7.8 7.3 1.2 19.5 -4.6 24.7 -6.7 16.4 2.9 41.1 -3.1 11.0 -8.8 3.8 -47.5 14.9 -23.4 22.0 -11.0 8.0 -51.3 30.0 -27.1 232.9 -3.7 122.2 -3.3 49.5 -0.3 56.3 3.0 16.3 -25.9 355.2 -3.6 475.7 -3.1 244.7 -6.5 101.2 -3.6 112.8 -3.8 30.6 -22.2 720.5 -4.3 241.7 3.8 139.2 13.9 62.6 26.3 58.3 3.6 18.2 11.7 381.0 7.3 490.0 3.0 270.0 10.3 117.2 15.8 116.5 3.2 36.3 18.3 760.0 5.5 Total: Domestic ................................................................. (% change from the previous corresponding period). Export ....................................................................... (% change from the previous corresponding period) The Americas...................................................... .. (% change from the previous corresponding period) Europe................................................................... (% change from the previous corresponding period) Other..................................................................... (% change from the previous corresponding period) Total................................................................................ (% change from the previous corresponding period)... Ricoh Co., Ltd. Interim Report Half Year ended September 30, 1999 3. Expenditure for Plant and Equipment/Depreciation (Consolidated) Half year ended Year ended Half year ended Year ended September 30, ’98 March 31, ’99 September 30, ’99 March 31, ’00 (Forecast) Expenditure for plant and equipment (billions of yen)....... (% change from the previous corresponding period)... Depreciation for tangible fixed assets (billions of yen)...... (% change from the previous corresponding period)... 39.5 -14.0 32.4 19.8 70.4 -25.1 67.4 8.9 33.4 -15.5 30.0 -7.4 67.0 -4.9 64.0 -5.1 (Nonconsolidated) Half year ended Year ended Half year ended Year ended September 30, ’98 March 31, ’99 September 30, ’99 March 31, ’00 (Forecast) Expenditure for plant and equipment (billions of yen)....... (% change from the previous corresponding period).... Depreciation for tangible fixed assets (billions of yen)...... (% change from the previous corresponding period).... 11.3 -42.3 11.2 6.7 21.6 -33.4 24.7 3.8 9.0 -21.0 10.2 -9.0 22.7 5.5 22.3 -9.9 4. R&D Expenditure (Consolidated) Half year ended Year ended Half year ended Year ended September 30, ’98 March 31, ’99 September 30, ’99 March 31, ’00 (Forecast) R&D Expenditure (billions of yen).................................... (% change from the previous corresponding period)... Percent of net sales (%)...................................................... 33.7 -3.4 4.8 66.7 -4.6 4.7 32.6 -3.1 4.6 67.0 0.3 4.6 (Nonconsolidated) Half year ended Year ended Half year ended Year ended September 30, ’98 March 31, ’99 September 30, ’99 March 31, ’00 (Forecast) R&D Expenditure (billions of yen).................................... (% change from the previous corresponding period)... Percent of net sales (%)...................................................... 32.4 -2.4 9.1 64.0 -5.0 8.9 31.4 -3.0 8.3 Ricoh Co., Ltd. Interim Report Half Year ended September 30, 1999 64.4 0.7 8.5 5. Calculation Information Where the Equity Method Is Applied to Ricoh’s Leasing Subsidiary The statements of income and the balance sheets below reflect the application of the equity method where Ricoh Leasing Company, Ltd., is excluded from the consolidated accounts. Statements of Income (Half Year ended September 30, 1999) Consolidated Net sales ............................................................................................. Gross profit......................................................................................... Operating income ............................................................................... Income before income taxes ................................................................ Net income ......................................................................................... 717.5 293.8 44.0 33.9 20.4 Balance Sheets (Half Year ended September 30, 1999) Consolidated Current assets Fixed assets 838.5 799.9 Consolidated Short-term borrowings Other current Liabilities Current assets Long-term borrowings Other fixed liabilities Fixed liabilities Shareholders’ investment Assets 1,638.4 1,373.4 659.6 285.0 38.2 29.0 20.4 (Billions of yen) Equity Method 954.9 418.5 (Billions of yen) Equity Method Liabilities and shareholders’ investment Equity Method 296.6 373.1 669.7 325.6 128.7 454.3 514.4 1,638.4 106.5 484.6 591.1 162.8 105.1 267.9 514.4 1,373.4 Key Financial Ratios (Half Year ended September 30, 1999) (%) Consolidated Change from Equity Method previous period Return on assets................................................................. Return on equity…………………………………………. Equity ratio……………………………………………….. Debt/Total assets…………………………………………. Debt/Equity……… ……………………………………… Total assets turnover……………………………………… 1.2 4.1 31.4 38.0 121.0 0.88 0.5 1.6 2.6 -5.3 -29.7 - Change from previous period 1.5 4.1 37.5 19.6 52.4 0.95 Ricoh Co., Ltd. Interim Report Half Year ended September 30, 1999 0.9 1.6 2.9 -5.1 -18.9 -