News release

 

Notice Concerning Revision of Consolidated Financial Forecast

Ricoh Company, Ltd. (“Ricoh”) revised its consolidated financial forecast for the six months ending September 30, 2009 and the year ending March 31, 2010 based on its recent business performance.

1. Revision of the consolidated financial forecast for the six months ending September 30, 2009
(Millions of yen)
  Net sales Operating
income
Income
before
income taxes
Net income
attributable to
Ricoh Company, Ltd.

Previous forecast (A)
(Announced on April 24, 2009)
1,060,000  15,000  10,000  3,500 
New forecast (B) 1,005,000  11,000  6,000  1,000 
Change (B – A) -55,000  -4,000  -4,000  -2,500 
Percentage change -5.2%  -26.7%  -40.0%  -71.4% 
(Reference)
Actual for the six months ended September 30, 2008
1,065,927  65,076  58,875  34,345 

2. Revision of the consolidated financial forecast for the year ending March 31, 2010
(Millions of yen)
  Net sales Operating
income
Income
before
income taxes
Net income
attributable to
Ricoh Company, Ltd.

Previous forecast (A)
(Announced on April 24, 2009)
2,160,000  65,000  55,000  30,000 
New forecast (B) 2,065,000  40,000  30,000  10,000 
Change (B – A) -95,000  -25,000  -25,000  -20,000 
Percentage change -4.4%  -38.5%  -45.5%  -66.7% 
(Reference)
Actual for the year ended March 31, 2009
2,091,696  74,536  30,939  6,530 

3. Basis for the revision
Ricoh assumes the consolidated net sales to be lower than the previously announced in April 2009, due mainly to a delay of the rebound in customer demand in both domestic and overseas market than originally forecasted. With regard to the operating income, income before income taxes and net income attributable to Ricoh Company, Ltd., Ricoh also expects them to be lower than those previously announced respectively, as a result of the decrease in the gross profit stemming from the decrease in net sales, that offsets the profit generated from Ricoh's group-wide cost reduction efforts.

  • * Ricoh bases the forecast estimates above upon information currently available to management, which involves risks and uncertainties that could cause actual results to differ materially from those projected.

July. 31, 2009
Ricoh Company, Ltd.



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