FY2007 Interim Financial Announcement
ended September 30, 2006
|Date :||October 27, 2006
|Place :||Otemachi Sankei Plaza
|Contents :||Mr. Zenji Miura, CFO of Ricoh Company, Ltd., explained
FY2007 Interim results using materials below.
< Attention >
This material is prepared for the convenience of those investors who could not participate in the financial results meeting. Please understand that this material does not contain direct spoken quotations.
Additionally, the Company bases the estimates in this material on information currently available to management, which involves risks and uncertainties that could cause actual results to differ materially from those projected.
Summary of Interim Results Presentation
|The consolidated sales of Ricoh Group increased year-on-year in the 1st half of the fiscal year ending March 2007 due to sales growth in all business segment, especially office solution business where color MFPs and printers grew steady both in Japan and overseas. As a result, we achieved a new record of net income for the first half.
We raised the sales forecast of the fiscal year ending March 2007 due to the sales impact of the acquisition of Danka Business Systems PLC’s European operations. We did not change the forecast for operating income, pre-tax profit and net income. For the third quarter and onward, we predict an exchange rate of ¥115.00 against the U.S. dollar and of ¥140.00 against the Euro.
The half-year dividend comes to 13 yen per share, up 1 yen from the last consecutive period. And we forecast a dividend for fiscal 2006 of 28 yen per share including the half-year dividend.
|Q3.||What percentage of sales currently come from global major accounts?|
|A3.||It's still a small portion. We are set on expanding this sector in the next fiscal year.|
|Q4.||What accounted for the weak 1H sales growth rate in America?|
|A4.||New product release is one of the reasons. We don't see ourselves as having lost to our competitors. We firmly expect to make a comeback in 2H.|
|Q6.||Why is the projected overseas sales growth rate for 2H higher than 1H?|
|A6.||Because we expect the full effect of new product launches to come into play in 2H, in combination with other factors.|
|Q7.||Why can’t you disclose each growth rate for both copiers and printers?|
|A7.||Such a disclosure no longer makes sense since MFPs and printers are combined in the solutions sales approach.|