For its fiscal year that will end in March 2019, Ricoh is forecasting that sales will be down slightly (-1.1 percent) and net income of ¥47 billion.
Category: Financial News
Revenue generated by Epson’s Printing Solutions group was ¥736.6 billion, up 7.3 percent year-over-year.
“Considering our earnings, financial condition, and future business growth, Sharp has decided to pay dividends for the first time in six years.”
Sales generated by Kyocera’s Document Solutions group totaled ¥370 billion, up 23.5 percent versus the previous fiscal year.
Canon says office copier/MFP sales rose versus the same period of the previous year, supported by expanded sales of next-generation color models designed to strengthen the product lineup, such as the A3 (12”x18”) imageRUNNER ADVANCE C5500 series.
Konica Minolta is also expected to benefit from lower costs this fiscal year, as its spending for employee-retirement benefits and warehouse reorganization “is likely to drop off.”
The firm stated that multiple press reports on April 23 and 24 claim that Toshiba is considering cancelling sale of Toshiba Memory Corporation if the proposed sale isn’t approved by China’s anti-monopoly regulator.
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Some investors have opposed the sale of Toshiba’s profitable memory-chip business, arguing that the $18 billion sale price is too low.
At first it seemed the acquisition of IKON would only be a boon for Ricoh. After all, IKON was said to be the world’s largest independent provider of copier/MFPs, printers, and related services, with over 400 offices in North America and Western Europe, regional sales and service training facilities, a roster of Fortune 500 customers, and revenues of $4,167 million for its fiscal year before it was purchased by Ricoh.
Ricoh had previously forecast an operating profit of 20 billion yen, and had expected to break even for its fiscal year.
Last month, Ricoh had forecast operating profit of 20 billion yen for its fiscal year, but is now stating that its operating profit will be a loss of 160 billion yen.
Revenues for the full year 2017 were $1.5 billion, down 7 percent from 2016. The revenue decline was driven by volume and pricing declines within the company’s commercial print business and volume declines in the company’s consumer inkjet and industrial film and chemicals businesses.
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The Nikkei-Asian Review also said that Ricoh would be as well selling a logistics unit in Japan, and an “aging factory for copiers and other office equipment, as well as recording “tens of billions of yen worth of impairment losses,”and setting aside “at least ¥200 billion” for mergers and acquisitions.