QUOTE AND NEWS
The Hindu Business Line  Sep 23  Comment 
Tetsuya Takano, better known as Ted, has been with Ricoh India, the local subsidiary of Japanese multinational Ricoh Co Ltd, since March 2011 as its Managing Director. Ted, who loves Bollyw...
BBC News  Aug 21  Comment 
Coventry City are to return to the Ricoh Arena after agreeing a two-year deal with the company that runs the stadium.
BBC News  Aug 16  Comment 
Coventry City's owners lodge an appeal against a decision that endorsed the city council loaning the firm that runs the Ricoh Arena £14m.
Cloud Computing  Aug 14  Comment 
NASHVILLE, Tenn. , Aug. 14, 2014 /PRNewswire/ -- read more
The Economic Times  Aug 11  Comment 
The company reported a net loss of Rs 15.29 crore during April-June 2014 quarter as against a net profit of Rs 3.18 crore in the corresponding quarter last fiscal.
The Economic Times  Jul 15  Comment 
"There is a huge potential for us to expand our IT services business in India. We see great growth taking place on that front."
Cloud Computing  Jul 9  Comment 
Riverbed Technology (NASDAQ: RVBD), the leader in application performance infrastructure, today announced that Ricoh Company, Ltd. (Japan) has adopted Riverbed® SteelStore™ cloud storage gateway products to back up data...
BBC News  Jul 1  Comment 
Coventry City Football Club rejects an offer by a supporters' group which fans say would have meant it could return to to the Ricoh Arena.
The Hindu Business Line  Jun 17  Comment 
Ricoh India shares plunged on the BSE as the delisting offer by its foreign promoter failed. In a notice to the BSE, the company said that the acquirer — Ricoh Asia Pacific Pte. Ltd — ha...
The Hindu Business Line  Jun 17  Comment 
DailyFinance  May 7  Comment 
Dos tercios de los directivos de las administraciones públicas reconocen que sus organizaciones necesitan cambiar con mayor rapidez en los próximos tres años para adaptarse a las cambiantes condiciones del sector, pero solo...




 
TOP CONTRIBUTORS

Ricoh Company, Ltd. (OTC: RICOY) is a manufacturer of office automation equipment. The company’s products include copiers and printers, production printing products, and fax machines.[1] Ricoh is also a manufacturer of digital and advanced electronic devices, such as semiconductor devices.

Ricoh supports its office and production printing equipment businesses by offering customers various solution systems that work with personal computers and servers, network systems, application software and related product support and after sales services.[1] The company’s business segments are Imaging and Solutions, Industrial Products and Other.[1]

Ricoh recently acquired IKON, which has allowed the company to strengthen its position in the U.S. market. Additionally, Ricoh has benefited from the growth of Managed Document Services (MDS), which allow Ricoh to generate recurring revenue by advising companies on how to improve the efficiency of their document printing services.

Business Growth

During fiscal 2010, Ricoh's revenue declined 3.6% from 2009 to 2.0 trillion yen, and all segments, including Imaging and Solutions, posted lower sales than the previous fiscal year.[2] Operating income decreased 11.5% from the previous fiscal year to 65.9 billion yen. Despite cost reduction through the company's structural reform activities and continued efforts to reduce manufacturing costs, operating margins fell.[2] Other (income) expense showed sharp improvement compared with the prior fiscal year, mainly due to a smaller foreign currency loss. As a result, net income surged 326.8% to 27.8 billion yen.[2]

Sales of Imaging Solutions posted a 5.2% decline in revenue to 1.5 trillion yen.[2] While this subsegment recorded sales growth in the Americas market due to the stronger sales network in the region as a result of the acquisition of IKON and new product releases in the new production printing business, sales in the other markets were affected by the adverse impact of the economic slump and the appreciation of the yen.[2]

Sales of the Network System Solutions segment increased 16.9% from the previous fiscal year to 274 billion yen, helped by the growth of Managed Document Services (MDS) and IT services.[2]

In Industrial Products, Ricoh manufactures thermal media, optical equipment, semiconductors, electric components, and measuring equipment. Sales of this segment declined 12.0% from the previous fiscal year to 101.6 billion yen, affected by the global economic slowdown.[2]

Our Other operations includes Rioh's digital camera business as well as financial and logistic services offered by subsidiaries. Consolidated sales of these businesses recorded a 13.0% decline from the previous fiscal year to 124.4 billion yen, as all these business areas suffered from the negative influence of the economic downturn.[2]

Trends and Forces

Acquisition of IKON strengthens Ricoh's presence in the U.S. market

In 2008, Ricoh acquired IKON, a U.S. based distributor of office equipment with a strong sales and service network.[2] The combination of Ricoh’s and IKON’s existing networks has created a strong sales and service network for Ricoh. IKON has added to Ricoh a highly capable sales and service staff, with long-standing relationships with Fortune 500 companies in the U.S. market.[2] In addition, IKON has extensive expertise in Managed Document Service (MDS), helping Ricoh achieve successful growth in this new business.[2]

Growth of Managed Document Services (MDS) has benefited Ricoh

Office equipment customers increasingly look to printer manufacturers for a comprehensive offering, including not only hardware but also services. Managed Document Services (MDS) is one of the fast-growing new services that Ricoh has introduced. With MDS, Ricoh advises companies on creating a more efficient printing environment and how to improve document-related workflow, resulting in cost reductions for the customer. Ricoh currently offers service at approximately 2,000 sites in North and South America and 200 in Europe.[2] MDS is an attractive service business for Ricoh as it generates recurring revenues in contrast to the one-time revenue generated by printer sales.

Competition

Ricoh, a Japanese manufacturer, faces intense competition from other Japanese companies such as Canon and Fujifilm. It also faces competition from American companies such as Xerox and Pitney Bowes. These companies compete both on product offering and price.

References

  1. 1.0 1.1 1.2 Google Finance: RICOY
  2. 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.10 2.11 Ricoh Annual Report 2010
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