Tackled impairment charges, business selectivity, and governance reforms
Forecast
Target
Operating profit
¥100.0 billion(Forecast at Q3)
Above ¥100 billion (Fiscal 2019)
Structural reform
¥105.0 billion(Forecast at Q3)
Above ¥100 billion (From fiscal 2016)
savings
FCEF*
¥172.9 billion(Through Q3)
Above ¥100 billion (Over three years)
* Free cash flow excluding finance business
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March 27, 2020
(C)2020 Ricoh Company, Ltd. All Rights Reserved
Structural Reforms by Top Down Approach
Reviewed 5 major principles and implemented structural reforms
Cost Structure
Reforms
Business Process
Reforms
Pursued Selectivity
Focused development, streamlined production sites (In-house manufacturing)
Optimized sales structure in North America
Streamlined headquarters and back office functions
Impairment (IKON, mindSHIFT, etc.)
Improved services and supported productivity by enhancing features in MFPs
Promoted cost reduction through automated production systems
Improved efficiency of business processes by promoting worldwide RPA (Robotics Process Automation) activities
Assessed and clearly segmented businesses
See next page
~ there were no "sacred cows"
Stopped financial support in Ricoh India
March 27, 2020
(C)2020 Ricoh Company, Ltd. All Rights Reserved
4
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Ricoh Company Ltd. published this content on 15 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2022 06:10:04 UTC.
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%).