Consolidated Results for the 3 months ended June 3, 22 August 2, 22 Ricoh Company, Ltd. * The Company bases the estimates in this presentation on information currently available to management, which involves risks and uncertainties that could cause actual results to differ materially from those projected. I. Q1 Results 1 1
Q1 Performance Highlights (1) < Comparison with latest forecast (May, 22) > Latest Q1 (%) Net sales (Japan) 235. 224.8-1.2-4.3% (Overseas) 2. 23.4 +3.4 +1.7% Total 435. 428.2-6.8-1.6% Gross profit 184. 186.4 +2.4 +1.3% Percentage of net sales 42.3% 43.5% - - Operating income 32.5 35.9 +3.4 +1.5% Percentage of net sales 7.5% 8.4% - - Income before tax 28.5 32.2 +3.7 +13.% Percentage of net sales 6.6% 7.5% - - Net income 16. 19.5 +3.5 +21.9% Percentage of net sales 3.7% 4.6% - - Exchange rate US $1 125. 127.1 +2.1 +1.6% (Yen) Euro 1 11. 116.56 +6.56 +6.% 2 Q1 Performance Highlights (2) < Comparison with latest forecast (May, 22) > Forex +6.2 Overseas sales except forex -2.8 Income before tax Cost cuts, etc +3.3 Forex +2.1-5.5 435. Domestic -1.2 428.2 (-6.8) 28.5 Cost down, Products mix, etc +3.9 32.2 (+3.7) Latest Q1 Latest Q1 3 2
Q1 Performance Highlights (3) < Comparison with > Q1 Q1 (%) Net sales (Japan) 228.7 224.8-3.8-1.7% (Overseas) 183.2 23.4 +2.2 +11.% Total 411.9 428.2 +16.3 +4.% Gross profit 174. 186.4 +12.4 +7.2% Percentage of net sales 42.2% 43.5% - - Operating income 31.6 35.9 +4.3 +13.6% Percentage of net sales 7.7% 8.4% - - Income before tax 27.1 32.2 +5. +18.7% Percentage of net sales 6.6% 7.5% - - Net income 14.8 19.5 +4.6 +31.2% Percentage of net sales 3.6% 4.6% - - Exchange rate US $1 122.6 127.1 +4.41 +3.6% (Yen) Euro 1 17.25 116.56 +9.31 +8.7% 4 Q1 Performance Highlights (4) < Comparison with > Forex +1.6 Overseas sales except forex +9.5 Domestic sales decrease -3.8 Income before tax Cost down, Products mix, etc +5.2 Forex +1.8 +2.4 Expenses -5. Other expenses +.7 411.9 428.2 (+16.3) 27.1 32.2 (+5.) Q1 Q1 Q1 Q1 5 3
Q1 Performance Highlights (5) < Topics of Q1 > New Products imagio Neo C32/C24(Japan) IPSiO Color 71(Japan) IPSiO Color 65/6(Japan) Color LP Color MFP Color LP Ridoc Document Server Pro ver.2 (Japan) Ridoc Web Navigator (Japan) imagio Neo C32 IPSiO Color 65 Others No.1 of J.D.Power Customer Satisfaction Study (to Lanier Worldwide) U.S. Digital Copy Manufacturer of the year (6th consecutive year) RICOH Printer Driver API opened to the public on Web Top ranked for Corporate Social Responsibility survey by Oekom Research 6 Q1 by Category < Japan > 228.7 35.7 48.3 3.9 31.4 3.4 27.9 224.8 (-3.8) 41.6 46.2 4.1 22.4 81.2 7.9 Q1 Q1 Other Businesses + 16.5% Network System Solutions - 4.3% Other Input/Output Systems - 13.2% Printing Systems + 27.4% Other Imaging Systems - 19.8% Digital Imaging Systems - 12.7% 7 4
Q1 by Geographic Area < Overseas > Europe (Forex Excluded) +9.3%(+1.%) The Americas +5.4%(+1.8%) 76.1 83.2 Q1 Q1 Forex: +6.3 : +.7 total +7. Other 27.1 35.9 Q1 +32.5%(+27.%) Q1 79.8 84.1 Q1 Q1 Forex: +2.8 : +1.4 total +4.2 Forex: +1.5 : +7.3 total +8.8 8 Q1 by Category < Overseas > 183.2 8.1 6.1 12.4 45.9 23.4 (+2.2) 9.2 54.5 48.5 41.2 73.9 85.3 (Forex Excluded) Other Businesses +13.2% (+7.6%) Other Input/Output Systems +1.7% (+99.4%) Printing Systems +18.7% (+11.8%) Other Imaging Systems -15.1% (-19.8%) Digital Imaging Systems +15.4% (+9.1%) Q1 Q1 * Network System Solutions 1Q1 :.4 -> 2Q1 :.6-51.4% 9 5
Q1 Statement of Income (1) < Gross Profit > - s Gross profit 2. 1. 42.2% 174. Q1 43.5% 186.4 (+12.4) Q1 44.% 42.% 4.% 38.% Percentage of net sales (%) + 2.4 Forex + 4.8 Cost down, Products mix, etc + 5.2 total + 12.4 1 Q1 Statement of Income (2) SG&A < SG&A > 2. 1. 34.6% 35.2% 142.4 Q1 15.5 (+8.1) Q1 37.% 35.% 33.% 31.% Percentage of net sales (%) - s Forex + 3.1 R&D +.6 Others + 4.4 total + 8.1 11 6
Q1 Statement of Income (3) < Other (income) expenses > FY2 change Interest and dividend income 1.1.9 -.1 Interest expenses 2.4 1.7 -.6 Other, net 3.1 2.8 -.2 Other (income) expenses -4.4-3.6 +.7 Details of Other, net FY2 Forex loss (gain) 2.6 1.7 Others.5 1.1 12 < Total Assets > Cash, deposits, securities +12. 1,832.9 Others +8.8 Finance receivables +9.2 Q1 Balance Sheet Forex -28. Trade receivables -12.5 Inventories -.4 1,821.9 (-1.9) - Financial Indexes Inventories / cost of sales Q1 2.months 1.95months D/E ratio.89.86 Income before tax on total assets 6.4% 1.8% ROE 1.4% 3.% Q1 Q1 * Excluding Forex impact on major assets and liabilities 13 7
Q1 Statement of Cash Flow < Comparison with > Q1 Q1 Net income 14.8 19.5 Depreciation and amortization 15.1 19.1 Other operating activities -13.4 15.7 Net cash by operating activities 16.5 54.3 Plant and equipment -17.6-17.5 Other investing activities -4.2 2.1 Net cash by investing activities -21.8-15.4 Net cash by financing activities -3.1-3.7 Effect of exchange rate.3-2.2 Net increase in Cash and Equivalents -8. 32.8 14 5. 4. 3. 2. 1. Q1 Segment Information (1) < Business Segment > 51.6 377.3 5. Operating Income Other Business Office Equipment.3 46.6 <Office Equipment> Expansion of high value-added products and reform of profitability structure, etc, increase margin. <Other Businesses> Margin decreased by measurement equipment and so on. Percentage of (last year).7% (1.4%) 12.3% (11.4%) Intersegment or Corporate -.7-11. Consolidated total 428.2 35.9 8.4% (7.7%) 15 8
6. 4. 2. Q1 Segment Information (2) < Geographic Segment > 37.8 84.5 83.4 318.2 Other 5. Europe Americas Japan Operating Income 2.2 1.3 25.7 <Japan> Reform of profitability structure and effects of forex increase margin. <Americas> Digitalization, colorization and effects of forex increase margin. <Europe> Good performance and forex <Other area> Good performance and increase production in China. Percentage of (last year) 6.% (3.4%) 3.2 3.9% (3.3%) 1.6% (-1.%) 8.1% (1.5%) Intersegment or Corporate -95.7 3.2 Consolidated total 428.2 35.9 8.4%(7.7%) 16 II. (Revised) 17 9
Performance (1) < Comparison with > Old (%) Net sales (Japan) 92.6 945. 917. +14.4 +1.6% (Overseas) 769.6 828. 831. +61.4 +8.% Total 1,672.3 1,773. 1,748. +75.7 +4.5% Gross profit 699.9 743.2 741.8 +41.9 +6.% Percentage of net sales 41.9% 41.9% 42.4% - - Operating income 129.6 136. 14. +1.4 +7.9% Percentage of net sales 7.8% 7.7% 8.% - - Income before tax 113.9 122. 126.5 +12.6 +11.% Percentage of net sales 6.8% 6.9% 7.2% - - Net income 61.6 67.5 72.5 +1.9 +17.7% Percentage of net sales 3.7% 3.8% 4.1% - - Exchange rate US $1 125.1 125. 118. -7.1-5.7% (Yen) Euro 1 11.6 11. 115.39 +4.79 +4.3% 18 Performance (2) < Comparison with : Revised > Domestic +14.4 Overseas +69.7 Forex -8.3 Income before tax Other expenses +2.2 +35.2 Forex -5.3 Expenses -36.4 1,672.3 1,748. (+75.7) 113.9 Cost down, Products mix,etc +16.9 126.5 (+12.6) 19 1
by Category < Japan : Revised > 92.6 917. (+14.4) Other Businesses +14.3% 149.6 171. 24.6 24. 14.9 12. 141.2 182.5 97.3 75. 294.8 272.5 FY2 Network System Solutions -.3% Other Input/Output Systems -19.8% Printing Systems +29.2% Other Imaging Systems -23.% Digital Imaging Systems -7.6% 2 by Geographic Area < Overseas : Revised > Europe (Forex Excluded) +12.7%(+7.9%) The Americas -1.1%(+4.7%) 311.3 351. Other +21.8%(+24.8%) 116.6 142. 341.7 338. 21 11
by Category < Overseas : Revised > 769.6 37.3 3. 157.9 182.3 359.5 54. 831. (+61.4) 38. 27. 144.5 384.5 (Forex Excluded) Other Businesses +1.7% (+2.7%) Other Input/Output Systems +79.7% (+79.9%) Printing Systems +31.% (+32.6%) Other Imaging Systems -2.8% (-19.8%) Digital Imaging Systems +6.9% (+7.9%) * Network System Solutions 1 : 2.3 -> 2 : 3. +28.7% 22 Statement of Income (1) Gross profit < Gross Profit > 1,. 8. 6. 4. 2. 41.9% 42.4% 699.9 741.8 (+41.9) 44.% 42.% 4.% 38.% Percentage of net sales (%) - s Forex - 1.2 + 35.2 Cost down, Products mix, etc + 16.9 total + 41.9 23 12
Statement of Income (2) < SG&A > SG&A 8. 6. 4. 2. 34.1% 34.4% 57.2 61.8 (+31.5) 36.% 34.% 32.% Percentage of net sales (%) - s Forex - 4.9 R&D + 2.3 Others + 34.1 total + 31.5 24 Statement of Income (3) < Other (income) expenses > Q1 Q1 change Interest and dividend income 4.7 4.6 -.1 Interest expenses 8.2 7.9 -.3 Other, net 12.2 1.2-2. Other (income) expenses -15.7-13.5 +2.2 Details of Other, net Q1 Q1 Forex loss (gain) 5.8 5.5 Impairment loss of goodwill 2.9 1.5 Others 3.6 3.2 25 13
Q2 Performance < Comparison with Q2 of > Q2 Q2 Old Q2 (%) Net sales (Japan) 223.9 236. 226.2 +2.3 +1.% (Overseas) 184.1 24. 2.5 +16.4 +8.9% Total 48.1 44. 426.7 +18.6 +4.6% Gross profit 167.8 18.7 179.3 +11.5 +6.8% Percentage of net sales 41.1% 41.1% 42.% - - Operating income 28.2 29.5 3.1 +1.9 +6.3% Percentage of net sales 6.9% 6.7% 7.1% - - Income before tax 25.3 26.5 27.2 +1.9 +7.4% Percentage of net sales 6.2% 6.% 6.4% - - Net income 13.5 14.5 15.5 +2. +14.4% Percentage of net sales 3.3% 3.3% 3.6% - - Exchange rate US $1 121.72 125. 115. -6.72-5.5% (Yen) Euro 1 18.32 11. 115. +6.68 +6.2% 26 1H Performance < Comparison with 1H of > 1H 1H Old 1H (%) Net sales (Japan) 452.7 471. 451. -1.7 -.4% (Overseas) 367.3 44. 44. +36.7 +1.% Total 82. 875. 855. +35. +4.3% Gross profit 341.8 364.7 365.8 +24. +7.% Percentage of net sales 41.7% 41.7% 42.8% - - Operating income 59.9 62. 66. +6.1 +1.2% Percentage of net sales 7.3% 7.1% 7.7% - - Income before tax 52.5 55. 59.5 +7. +13.3% Percentage of net sales 6.4% 6.3% 7.% - - Net income 28.4 3.5 35. +6.6 +23.2% Percentage of net sales 3.5% 3.5% 4.1% - - Exchange rate US $1 122.16 125. 121.1-1.15 -.9% (Yen) Euro 1 17.79 11. 115.78 +7.99 +7.4% 27 14
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