Ricoh : Securities Reports updated

Ricoh Company, Ltd.

Condensed Consolidated Financial Statements for the Half Year Ended September 30, 2022

This is an English translation of the Quarterly Securities Report (Shihanki Hokokusho) for the half year ended September 30, 2022 pursuant to the Japanese Financial Instrument and Exchange Law.

Condensed Consolidated Statement of Financial Position

Ricoh Company, Ltd. and its Consolidated Subsidiaries

	Millions of Yen
	As of	As of
ASSETS	March 31, 2022	September 30, 2022
Current assets:
Cash and cash equivalents (Note 7)	240,308	214,647
Time deposits (Note 7)	81	109
Trade and other receivables	397,148	435,497
Other financial assets	92,293	96,321
Inventories	232,558	312,472
Other current assets	50,034	64,719
Total current assets	1,012,422	1,123,765
Non-current assets:
Property, plant and equipment	188,439	197,970
Right-of-use assets	57,730	60,635
Goodwill and intangible assets	259,482	330,060
Other financial assets	128,321	131,305
Investments accounted for using the equity method	81,396	81,709
Other investments	12,329	12,168
Other non-current assets	31,942	35,480
Deferred tax assets	81,193	86,995
Total non-current assets	840,832	936,322
Total assets	1,853,254	2,060,087

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	Millions of Yen
	As of	As of
LIABILITIES AND EQUITY	March 31, 2022	September 30, 2022
Current liabilities:
Bonds and borrowings (Note 8)	114,395	147,099
Trade and other payables	268,534	275,840
Lease liabilities	22,665	24,453
Other financial liabilities	2,079	1,839
Income tax payables	11,143	12,802
Provisions	9,941	13,131
Other current liabilities	264,691	293,772
Total current liabilities	693,448	768,936
Non-current liabilities:
Bonds and borrowings (Note 8)	121,042	195,102
Lease liabilities	44,444	45,446
Other financial liabilities	－	26,412
Accrued pension and retirement benefits	45,728	46,028
Provisions	9,607	9,260
Other non-current liabilities	29,029	28,352
Deferred tax liabilities	4,131	5,503
Total non-current liabilities	253,981	356,103
Total liabilities	947,429	1,125,039
Equity:
Common stock	135,364	135,364
Additional paid-in capital	180,942	160,137
Treasury stock (Note 9)	(460)	(30,448)
Other components of equity	126,341	185,026
Retained earnings	459,855	465,969
Equity attributable to owners of the parent	902,042	916,048
Non-controlling interests	3,783	19,000
Total equity	905,825	935,048
Total liabilities and equity	1,853,254	2,060,087

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Condensed Consolidated Statement of Profit or Loss

Ricoh Company, Ltd. and its Consolidated Subsidiaries

Half year ended September 30, 2021 and 2022

	Millions of Yen
	Half year ended	Half year ended
	September 30, 2021	September 30, 2022
Sales (Note 4,5)	843,463	973,536
Cost of sales	538,505	627,250
Gross profit	304,958	346,286
Selling, general and administrative expenses (Note 12)	297,024	326,520
Other income *	5,166	3,682
Operating profit (loss)	13,100	23,448
Finance income	983	1,347
Finance costs	1,838	4,082
Share of profit (loss) of investments accounted for using the	3,729	3,891
equity method
Profit (loss) before income tax expenses	15,974	24,604
Income tax expenses	4,712	9,262
Profit (loss) for the period	11,262	15,342
Profit (loss) attributable to:
Owners of the parent	11,157	14,914
Non-controlling interests	105	428
	Yen
	Half year ended	Half year ended
	September 30, 2021	September 30, 2022
Earnings per share attributable to owners of the parent:
(Note 13)	16.07	23.87
Basic
Diluted	16.06	23.87

The accompanying notes are an integral part of these condensed consolidated financial statements. * Gain on sales of property, plant and equipment and others were included in "Other income".

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Three months ended September 30, 2021 and 2022

	Millions of Yen
	Three months ended	Three months ended
	September 30, 2021	September 30, 2022
Sales (Note 4,5)	418,659	514,195
Cost of sales	266,064	335,914
Gross profit	152,595	178,281
Selling, general and administrative expenses (Note 12)	146,680	166,842
Other income *	1,519	2,383
Operating profit (loss)	7,434	13,822
Finance income	411	744
Finance costs	1,455	2,991
Share of profit (loss) of investments accounted for using the	1,902	1,828
equity method
Profit (loss) before income tax expenses	8,292	13,403
Income tax expenses	1,866	5,683
Profit (loss) for the period	6,426	7,720
Profit (loss) attributable to:
Owners of the parent	6,370	7,323
Non-controlling interests	56	397
	Yen
	Three months ended	Three months ended
	September 30, 2021	September 30, 2022
Earnings per share attributable to owners of the parent:
(Note 13)
Basic	9.34	11.89
Diluted	9.34	11.89

The accompanying notes are an integral part of these condensed consolidated financial statements.

• Gain on sales of property, plant and equipment and others were included in "Other income".

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