Ricoh Company, Ltd. and Consolidated Subsidiaries
INTERIM REPORT (Consolidated. Half year ended September 30, 2003)
1. Results for the period from April 1, 2003 to September 30, 2003 | ||||
(1) Operating Results | (Millions of yen) | |||
Half year ended September 30, 2003 |
Half year ended September 30, 2002 |
Year ended March 31, 2003 |
||
Net sales | 888,090 | 856,821 | 1,738,358 | |
(% change from the previous corresponding periods) | 3.6 | 4.5 | 3.9 | |
Operating income | 77,255 | 61,328 | 133,654 | |
(% change from the previous corresponding periods) | 26.0 | 2.4 | 3.1 | |
Income before income taxes | 71,416 | 55,673 | 123,470 | |
(% change from the previous corresponding periods) | 28.3 | 6.0 | 8.4 | |
Net income | 42,265 | 33,525 | 72,513 | |
(% change from the previous corresponding periods) | 26.1 | 18.0 | 17.7 | |
Net income per share-basic (yen) | 56.79 | 46.11 | 99.79 | |
Net income per share-diluted (yen) | - | 44.68 | 96.81 |
Notes:
i. Equity in income of affiliates: ¥972 million; ¥1,608 million (half year ended September 30, 2002); ¥2,403 million (year ended March 31, 2003)
ii. Average number of shares outstanding (consolidated): 744,261,032 shares; 727,020,387 shares (half year ended September 30, 2002) 726,659,698 shares (year ended March 31, 2003)
iii. No change in accounting method has been made
(2) Financial Position | (Millions of yen) | ||
September 30, 2003 | September 30, 2002 | March 31, 2003 | |
Total assets | 1,912,162 | 1,826,385 | 1,884,922 |
Shareholders' equity | 703,075 | 663,665 | 657,514 |
Equity ratio (%) | 36.8 | 36.3 | 34.9 |
Equity per share (yen) | 946.38 | 912.98 | 885.41 |
Notes:Number of shares outstanding as of September 30, 2003: 742,906,263 shares; 726,919,110 shares (September 30, 2002);742,608,635 shares (March 31, 2003)
(3) Cash Flow | (Millions of yen) | ||
Half year ended September 30, 2003 |
Half year ended September 30, 2002 |
Year ended March 31, 2003 |
|
Cash flows from operating activities | 61,656 | 99,119 | 185,742 |
Cash flows from investing activities | -19,997 | -33,395 | -98,199 |
Cash flows from financing activities | -6,643 | -16,562 | -67,143 |
Cash and cash equivalents at end of period | 225,013 | 217,418 | 189,243 |
(4) Items relating to the scale of consolidation and the application of the equity method:
Number of consolidated subsidiaries: 333; non-consolidated subsidiaries: 37; affiliated companies: 24
(5) Changes in accounting method, etc.:
Consolidated subsidiaries: No addition; 1 removal
Companies accounted for by the equity method: No change
Notes:
Consolidated financial statements of the Company and its consolidated subsidiaries have been prepared in conformity with accounting principles generally accepted in the United States of America.
2. Forecast of operating results from April 1, 2003 to March 31, 2004 | (Millions of yen) | |
Net sales | 1,800,000 | |
Operating income | 152,000 | |
Income before income taxes | 144,000 | |
Net income | 85,000 |
Notes:Net income per share (Consolidated) 114.42 yen
In accordance with Japanese regulations, Ricoh has issued forecast for its financial results for the fiscal year ending March 2004. These forecast are forward-looking statements based on a number of assumptions and beliefs in light of the information currently available to management and subject to significant risks and uncertainties.