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Ricoh Company, Ltd. and Consolidated Subsidiaries

FLASH REPORT (Consolidated Results for the Year Ended March 31, 2008)

 

1. Results for the period from April 1, 2007 to March 31, 2008
(1) Operating Results (Millions of yen)
Year ended
March 31, 2007
Year ended
March 31, 2008
Net sales 2,068,925 2,219,989
  (% change from the previous fiscal year) 8.4 7.3
Operating income 174,380 181,506
  (% change from the previous fiscal year) 17.4 4.1
Income from continuing operations before income taxes 174,519 174,669
  (% change from the previous fiscal year) 14.2 0.1
Net income 111,724 106,463
  (% change from the previous fiscal year) 15.1 -4.7
Net income per share-basic (yen) 153.10 146.04
Net income per share-diluted (yen) 151.89 142.15
Return on equity (%) 11.0 9.9
Income from continuing operations before income taxes on total assets (%) 8.1 7.8
Operating income on net sales (%) 8.4 8.2
Notes:
i. Equity in income of affiliates: ¥1,247 million (¥1,539 million in previous fiscal year)

(2) Financial Position (Millions of yen)
March 31, 2007 March 31, 2008
Total assets 2,243,406 2,214,368
Shareholders' investment 1,070,913 1,080,196
Equity ratio (%) 47.7 48.8
Equity per share (yen) 1,467.03 1,498.29


(3) Cash Flows


(Millions of yen)
Year ended
March 31, 2007
Year ended
March 31, 2008
Cash flows from operating activities 167,297 194,363
Cash flows from investing activities -115,432 -198,350
Cash flows from financing activities 9,282 -72,185
Cash and cash equivalents at end of period 255,737 170,607


2. Dividend information


(Millions of yen)
Year ended
March 31, 2007
Year ended
March 31, 2008
Year ending
March 31, 2009
Cash dividends, applicable to the year (yen) 28.00 33.00 37.00
  Half year (yen) 13.00 16.00 18.00
  Year-end (yen) 15.00 17.00 19.00
Total annual dividends (millions of yen) 20,442 23,933 -
Payout Ratio (%) 18.3 22.6 25.0
Dividends on shareholders' equity (%) 2.0 2.2 -


3. Forecast of operating results from April 1, 2008 to March 31, 2009


(Millions of yen)
Half year ending
September 30, 2008
Year ending
March 31, 2009
Net sales 1,100,000 2,260,000
Operating income 72,500 180,000
Income before income taxes 70,300 176,000
Net income 42,800 108,000
Net income per share-basic (yen) 58.71 148.15

* In accordance with Japanese regulations, Ricoh has issued forecast for its financial results for the fiscal year ending March 31, 2009.
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
.

4.Others
(1) Significant changes to consolidated subsidiaries:
Consolidated subsidiaries: 1 removal (Lanier Worldwide, Inc.)
(2) Change in accounting method has been made.
(3) Number of common stock outstanding (including treasury stock):
As of March 31, 2008 744,912,078 shares As of March 31, 2007 744,912,078 shares
(4) Number of treasury stock:
As of March 31, 2008 23,960,828 shares As of March 31, 2007 14,924,405 shares

(Reference) Non-consolidated information

1. Results for the period from April 1, 2007 to March 31, 2008
(1) Operating Results (Millions of yen)
Year ended
March 31, 2007
Year ended
March 31, 2008
Net sales 1,033,302 1,036,228
  (% change from the previous fiscal year) 10.6 0.3
Operating income 86,974 70,500
  (% change from the previous fiscal year) 24.8 -18.9
Ordinary income 105,231 79,585
  (% change from the previous fiscal year) 27.6 -24.4
Net income 71,908 54,669
  (% change from the previous fiscal year) 30.5 -24.0
Net income per share-basic (yen) 98.48 74.99
Net income per share-diluted (yen) 97.69 72.97
 
(2) Financial Position (Millions of yen)
March 31, 2007 March 31, 2008
Total assets 1,076,290 1,067,876
Net assets 744,815 761,216
Equity ratio (%) 69.2 71.3
Net assets per share (yen) 1,020.29 1,055.85


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