Ricoh

Ricoh Reports Sales Growth in Q1

Ricoh Reports Sales Growth in Q1

RicohAccording to Ricoh, sales for the first quarter of the fiscal year 2022 (Q1, 2022) increased by 8.1% as compared to the previous corresponding period, to JPY¥459.3 billion (US$3.43 billion). “Growth and sales recovered moderately due to the continued impact of material shortages and COVID-19. However, sales increased mainly due to the impact of the depreciation of the yen,” said the spokesperson of Ricoh.

In Japan, sales decreased by 4.4% as compared to the previous corresponding period, while sales in the overseas market increased by 16.6%. “Excluding effects of foreign currency fluctuations, sales in overseas would have increased by 4.8% as compared to the previous corresponding period,” said the spokesperson.

Some other highlights include:

  • Gross profit increased by 10.3% as compared to the previous corresponding period, to JPY¥168.0 billion (US$1.25 billion).
  • Operating profit increased by ¥3.9 billion compared to the previous corresponding period, to JPY¥9.6 billion (US$71.67 million).
  • Profit before income tax expenses increased by JPY¥3.5 billion (US$26.13 million) as compared to the previous corresponding period, to JPY¥11.2 billion (US$83.61 million).
  • Profit attributable to owners of the parent increased by JPY¥2.8 billion (US$20.90 million) as compared to the previous corresponding period, to JPY¥7.5 billion (US$55.99 million).

By segment, Digital Services sales were JPY¥368.5 billion (US$2.75 billion) and increased by 6.4% as compared to the previous corresponding period. Digital Services operating profit was JPY¥2.9 billion (US$21.65 million) and increased by JPY¥1.5 billion (US$11.20 million) as compared to the previous corresponding period.

Digital Product sales were JPY¥3.7 billion (US$27.62 million) and increased by 11.6% (Sales including intersegment sales were JPY¥99.4 billion (US$742.04 million) and increased by 11.1%) as compared to the previous corresponding period. Digital Products operating profit was JPY¥12.2 billion (US$91.08 million) and increased by JPY¥3.2 billion (US$23.89 million) as compared to the previous corresponding period.

For outlook 2022, Ricoh claims that initial forecasts remain unchanged.

Ricoh


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