Ricoh Company, Ltd. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2019
May 09, 2019 at 02:00 am EDT
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Ricoh Company, Ltd. reported consolidated earnings results for the fourth quarter and year ended March 31, 2019. For the year, the company reported sales of JPY 2,013.2 billion against JPY 2,063.3 billion a year ago. Operating profit was JPY 86.8 billion against operating loss of JPY 115.6 billion a year ago. Profit attributable to owners of the parent was JPY 49.5 million against loss attributable to owners of the parent of JPY 135.3 million a year ago. Basic earnings per share attributable to owners of the parent were JPY 68.32 against basic loss per share attributable to owners of the parent of JPY 186.75 a year ago. Profit for the period was JPY 55,377 million against loss for the period of JPY 129,639 million a year ago.
For the quarter, the company reported sales of JPY 523.7 billion against JPY 547.1 billion a year ago. Operating profit was JPY 7.6 billion against operating loss of JPY 163.7 billion a year ago. Loss attributable to owners of the parent was JPY 1.1 million against JPY 152.7 million a year ago. Basic loss per share attributable to owners of the parent were JPY 1.53 against JPY 210.67 a year ago. Profit for the period was JPY 369 million against loss for the period of JPY 151,437 million a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2019. For the year ending March 31, 2020, the company expects sales of JPY 2,010.0 billion, operating profit of JPY 100.0 billion, profit attributable to owners of parent of JPY 62.0 billion or JPY 85.53 per basic share.
Ricoh Company, Ltd. is one of the world's leading office equipment manufacturers. Net sales break down by family of products and services as follows:
- office automation equipment (48.5%): photocopiers, fax machines and printing systems;
- IT equipment and network systems (31.6%): PCs, servers, software, etc. The group also offers installation and start-up, training, technical support, and maintenance services;
- commercial and industrial printing solutions and systems (9.5%): inkjet print heads, imaging systems, commercial and industrial printers;
- thermal paper and thermal transfer ribbons (3.4%): for label printing;
- other (7%): primarily optical equipment, semiconductor, electronic components, measurement systems, photographic equipment, integrated circuits, and electronic processing equipment.
Net sales break down geographically as follows: Japan (44.8%), Europe/Middle East/Africa (23.4%), Americas (23%) and other (8.8%).
Ricoh Company, Ltd. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2019
RICOH COMPANY, LTD. 
