Ricoh reports on last quarter earnings
Net sales up 12.4% to 578 billion yen ($3.9 billion)
- Operating profit down 32.1% to 9.39 billion yen ($62.9 million)
- Operating profit down to 1.6%
- Digital Services division net sales up 12.7% to 456 billion yen ($3.1 billion)
- Operating profit of 9.967 billion yen
- Operating profit margin of 2.2%
- Claims it grew revenue by focusing on vertical markets, like healthcare
- Digital Products division net sales of 23.256 billion yen
- Total sales down 7.1% to 117.718 billion yen
- Operating profit down 92.8% to 832 million yen
- Operating profit margin of 0.7%
- Graphic Communications division (WF, PPS, etc.) net sales up 12% to 63.8 billion yen ($427.2 million)
- Operating profit up 134.6% to 3.3 billion yen ($22.2 million)
- Operating profit margin of 5.2%