This Week in Imaging: Latest Financial Round-Up: Lower Sales, Profits

This was a significant week in the office-imaging industry, with multiple vendors reporting lower sales and profits, and warning of a slowing economy. Virtually all of the Japan-based vendors cited the  strengthening of the Japanese yen versus the European euro (a year ago, the yen equaled  0.0077 euro; today it equaled 0.0083 euro). These vendors also cited ongoing U.S.-China trade friction, as well as a slowing Chinese economy. Despite this, virtually all however still forecasting positive results for their fiscal years that will end next March. (Our coverage this week includes financial results from virtually all Japan-based vendors, including Epson, Konica Minolta, Ricoh, OKI, and Sharp, with links below. Kyocera has not posted results. Last week, we covered Canon’s results – see here.)

Xerox also reported results for its latest financial quarter, again reporting lower revenue year-over-year, but higher net income year-over-year The company’s gains have primarily come from aggressive cost-cutting, with Xerox reporting this week that cost-cutting under its “Project Own It” campaign have helped it realize $640 million in cost savings this year.

This Week in Imaging

Sales, Profits Down for Sharp’s First Quarter

Xerox’s Job Eliminations Estimated at 4,500

Slow Sales, But Higher Profits for Ricoh’s First-Quarter

Xerox Focusing on Growing Software, Services to Reverse Revenue Trajectory

Sharp Decline in Operating Profit for Konica Minolta’s First Quarter

Profits Plunge for Epson’s First Quarter, But Maintains Forecast

Revenue Down but Net Income up for Xerox’s Second Quarter

OKI Reports Mixed Financial Results

Xerox Receives Green Light for Holding-Company Reorganization

McAfee Whitelisting Now Available for Canon Copier/MFPs

Konica Minolta Shipping AccurioPress C83hc

Canon Has Removed Hundreds of Third-Party Toner Supplies from Amazon

Sentencing in Xerox Toner-Fraud Case

%d bloggers like this: