Ricoh Company, Ltd. announced consolidated earnings results for the first quarter ended June 30, 2015. For the quarter, the company reported sales of ¥539.1 billion compared to ¥506.5 billion for the same period a year ago. Operating profit was ¥20.6 billion compared to ¥27.1 billion for the same period a year ago. Profit before income tax expenses was ¥19.4 billion compared to ¥25.8 billion for the same period a year ago. Profit attributable to owners of the parent was ¥12.9 billion or ¥17.91 per basic share compared to ¥15.0 billion or ¥20.80 per basic share for the same period a year ago. Cash flows from operating activities were ¥0.3 billion compared to ¥20.1 billion for the same period a year ago. Expenditures for property, plant and equipment was ¥20,596 million compared to ¥18,251 million for the same period a year ago. Expenditures for intangible assets were ¥5,716 million compared to ¥6,773 million for the same period a year ago. The company's sales for the first quarter increased by 6.4% as compared to the previous corresponding period, mainly due to the increase in sales in both the Imaging & Solutions and the Industrial Products segment. Although group-wide activities to streamline costs have contributed in controlling selling, general and administrative expenses, these expenses have increased by 6.3% as compared to the previous corresponding period due to the weakening of the yen and acquisitions. As a result, operating profit decreased by 23.9% as compared to the previous corresponding period. Net cash provided by operating activities decreased by ¥19.7 billion as compared to the previous corresponding period mainly due to the decrease in profit for the period, the decrease in collections on trade receivables and the increase in lease receivables.

The company also provided consolidated earnings guidance for the three months ending September 30, 2015 and half year ending September 30, 2015 and full year ending March 31, 2016. For the three months ending September 30, 2015, the company expects sales of ¥570.8 billion, operating profit of ¥42.3 billion, profit before income tax expenses of ¥41.5 billion, profit attributable to owners of the parent of ¥24.0 billion or ¥33.13 per basic share, capital expenditure of ¥23.5 billion and depreciation of ¥18.7 billion.

For the half year ending September 30, 2015, the company expects sales of ¥1,110,000 million, operating profit of ¥63,000 million, profit before income tax expenses of ¥61,000 million, profit attributable to owners of the parent of ¥37,000 million or ¥51.04 per basic share, capital expenditure of ¥44.0 billion and depreciation of ¥36.0 billion.

For the full year March 31, 2016, the company expects sales of ¥2,320,000 million, operating profit of ¥140,000 million, profit before income tax expenses of ¥135,000 million, profit attributable to owners of the parent of ¥83,000 million or ¥114.50 per basic share, capital expenditure of ¥90.0 billion and depreciation of ¥74.0 billion.