Fiscal 2008 Financial Highlights (Consolidated)

Fiscal 2008 Financial Highlights (Consolidated)
2,219.9 billion yen
Net sales, operating income, net income, operating margin,
and net income margin
(net sales)
The Ricoh Group grew its sales in all business segments, especially color MFPs and laser printers. Overall sales rose 7.3% from the
previous year, marking the 14th consecutive year of growth. Contribution of overseas sales to the Group’s overall sales increased
from a year earlier— sales in Japan grew 1.4% to 1,016.0 billion yen and overseas sales grew 12.9% to 1,203.9 billion yen. Operating income increased 4.1% to 181.5 billion yen, driven by increased sales of high value-added products and continued cost reduction efforts, among other things. Net income declined 4.7% to 106.4 billion yen, mainly due to the previous year’s gain from the sale
of discontinued operations.
Europe
603.2
(27.2%)
(Billions of yen)
Other
165.9
(7.4%)
Industrial
Products
144.3
(6.5%)
100
Network
System Solutions
200.0
(9.0%)
D
2005
2006
2007
2008 (FY)
0
Net income per share, dividends,
and consolidated dividend payout
ratio
17.9% (increase in dividends)
Ricoh announced an annual dividend of 33.0 yen,
an increase of 5.0 yen from the previous year. The
Group’s consolidated dividend payout ratio improved
to 22.6%.
(%)
20
ANNUAL REPORT 2008
Consolidated dividend payout ratio
22.6
17.8
15
(Yen)
18.1
A
Net income per share
(left scale)
B
Dividends per share
(right scale)
150
100
18.3
14.6
10
(Yen)
30
20
10
50
0
Imaging Solutions
1,709.4
(77.0%)
146.04
33.0
C
2004
FY2008
153.10
106.4
1,016.0
150
50
A
Office Solutions
1,909.5
(86.0%)
Other
166.0
(7.5%)
28.0
0
● Sales by category (billions of yen)
200
500
Japan
1,016.0
(45.8%)
FY2008
132.33
24.0
1,203.9 2,219.9
Operating
income
Net income
181.5
1,066.6 2,068.9
174.3
111.7
966.2
91.7
B
1,002.2
148.5
131.1
145.4
866.1 1,773.3
841.1 1,807.4
D
The Americas
434.7
(19.6%)
4.8
CC Operating income (right scale)
D Net income (right scale)
943.0 1,909.2
Japan (left scale)
Overseas (left scale)
966.2
A
5.4
5.1
4.6
97.0
5.2
907.1
1,000
8.2
Net margin
(Billions of yen)
1,500
7.8
7.3
B
2,000
8.4
● Sales by area (billions of yen)
Overseas
1,203.9
(54.2%)
112.64
20.0
8.2
83.1
Net sales
Operating margin
123.63
18.0
(%)
8
7
6
5
4
A
B
2004
2005
2006
2007
0
2008 (FY)
2006
2007
2008
Fiscal 2008 Highlights
16th Mid-Term
Management Plan
1,080.1
2,214.3
2,243.4
1,852.7
795.1
A
1,070.9
0
B
2004
(End of March)
2005
Fiscal 2008 Milestones
-3.9 billion yen (free cash flow)
51.8
2008 (FY)
While depreciation, as well as assets due to business expansion, increased, cash and cash equivalents decreased as a
result of the formation of a joint venture with IBM Corporation.
As a result, free cash flow generated by operating and investing
activities declined by 55.8 billion yen from the previous year to
negative 3.9 billion yen.
Corporate Governance /
CSR
2007
Shareholders’ equity
Operating cash flow, investing cash flow,
and free cash flow
-3.9
2005
500
7.8
Free cash flow
-198.3
2004
B
1,000
194.3
167.2
53.4
-115.4
-96.0
-63.4
2006
-150
-200
C
B
50
-100
173.4
C
-120.0
0
A
Investing cash flow
33.0
50
129.1
87.6
100
B
Total assets
8.1
7.6
6.9
1,953.6
A
Operating cash flow
151.0
150
A
7.4
(Billions of yen)
2,000
1,500
9.9
Income before income taxes on total assets
2,041.1
6
Total assets showed a decline of 29.0 billion yen from a year
earlier to 2,214.3 billion yen, especially due to the decrease in
cash and cash equivalents resulting from the formation of a
joint venture company with IBM Corporation. Interest-bearing
liabilities decreased by 31.2 billion yen as a result of enhanced
cash management. Shareholders’ equity increased by 9.2 billion yen to 1,080.1 billion yen, reflecting the increase in retained
earnings.
(Billions of yen)
200
9
11.0
10.6
10.0
862.9
9.9% (ROE)
Return on equity (ROE)
12.6
960.2
(%)
12
Total assets, shareholders’ equity, income
before income taxes on total assets, and
return on equity (ROE)
To Our Shareholders
and Customers
Review of Operations
Sustainable Environmental
Management
Common stock price
(Yen)
3,500
3,000
2,500
2,000
1,500
1,000
0
Financial Section
500
4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3
2004
2005
2006
2007
2008
ANNUAL REPORT 2008
8