Ricoh’s Q1 financial report is out


Ricoh published today their quarterly financial report for the first quarter of their 2017-2018 fiscal year (three month period ending on June 30, 2017). It’s difficult to infer anything quantitative concerning Ricoh Imaging or Pentax from the figures of the “Other” division since Ricoh henceforth specifies that the “Other” division includes the following product lines (see p.8, 13 and 14), which go much beyond Pentax, including outside Japan:

<Other>: Optical equipment, electronic components, semiconductor devices, digital cameras, industrial cameras, 3D printing, environment and healthcare.

From a qualitative standpoint, there is one valuable statement on page 4:

Other
Sales in the Other segment increased by 5.0% to ¥44.9 billion as compared to the previous corresponding period. Though income and profit in optical equipment business mainly increased, it was offset by the decrease in income and profit in the camera business due to the decrease in amounts of sales of digital cameras. As a result, operating profit in the Other segment decreased by ¥2.5 billion as compared to the previous corresponding period to ¥2.0 million of loss.

In other words: operating profit in the Other segment went from a ¥2,511m ($22.6m) profit for the three month period ended on June 30, 2016 to a ¥20m ($180k) loss for the three month period ended on June 30, 2017 as a consequence of “the decrease in income and profit in the camera business due to the decrease in amounts of sales of digital cameras“.

Thanks Mistral!

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  • TinusVerdino

    I specifically did not look at the thread about this on Pentax forums because it is bound to be full of premature grave dancers. So thanks you not at all peter!

  • Mistral75

    Additional documents were published by Ricoh yesterday:

    Consolidated Results for Three Months Ended June 30, 2017 http://www.ricoh.com/IR/data/pre/pdf/h30q1_1.pdf

    See pages 5 and 15 for the new segments. is subdivided
    into ‘Industrial Products’ (Optical equipment, electronic components,
    semiconductor devices), ‘Smart Vision’ (Digital and industrial cameras)
    and ‘Other’ (Finance business in Japan, 3D printing, environment and
    healthcare)

    RICOH Resurgent – Structural Reform Progress Report http://www.ricoh.com/IR/data/pre/pdf/h30q1_3.pdf

    See page 7: “Extensive business
    selectivity – Leave no stones unturned in screening businesses – We plan
    to disclose this information at the right time

    Key Financial Figures(Consolidated) http://www.ricoh.com/IR/data/pre/pdf/h30q1_2.pdf

  • Mistral75

    The figures are unfortunate but they are what they are: between Q1 2017/03 (April-June 2016) and Q1 2018/03 (April-June 2017), the sales of the ‘Smart Vision’ subdivision (i.e. digital and industrial cameras) went from ¥7.8bn ($72m / €64m) to ¥4.3bn ($39m / €35m), i.e. minus 45 per cent. and Ricoh are attributing this plunge to digital cameras.

    https://uploads.disquscdn.com/images/15c07ffd0566ce974343cd2b1259866ee840de3658acc6a257c6bb2b1163fef3.jpg

  • Ron Hendriks

    Well all in all Ricoh lost in the past twelve months over 100 million USD on the camera business. I think most of that is on account of the Pentax site.

    I think Ricoh will look for a new ownership for the Pentax camera business or will close it down (soon er or later). There is nothing for Ricoh to win in being part of this industrie.

    • TinusVerdino

      SHUT UP

      • TinusVerdino

        Ron’s sole goal in life is to kill the Pentax brand by spreading FUD and LIES. Don’t listen to him.

        • Ron Hendriks

          Pentax can’t live on your fairytail stories.

          • TinusVerdino

            I don’t tell stories about a fairies tail. Fairies don’t even have tails. Trolls do however and you should check your behind.

        • Just for your information: I ban people for using abusive language, consider yourself warned. If you disagree with something, let us know, just don’t curse here.

          • TinusVerdino

            I DO NOT CARE

          • TinusVerdino

            Can’t take criticism can you?

          • I already told you: say what you have to say in a civilized tone.

  • TinusVerdino

    It seemws Pentaxrumors prefers clicks even if it Harms the brand with FUD. ASSHOLE

    • Ron Hendriks

      The thing is that response like yours make Pentax a Brand that is not fun to join or to own. I hoped we ended the “attack of the Pentaxians”. Ricoh is paying the bills as owner. …

      • TinusVerdino

        No that would be you

      • Kunzite

        Ron, but you no longer own nor have any intention of owning any Pentax equipment again, right?

        • Ron Hendriks

          How is that relevant to this discussion? I didn’t know of the existence of Pentax two months before I bought a full set in 2009. I have no idea when I will buy a new set of camera’s, but it is not in my plan in short to midrange term.

  • Henry

    I wish there was some indication of where their Ricoh GR line was headed. I know I’m not alone in that. Any balanced opinions or insights into the matter?

  • Practical Builds

    Still hoping to get a K-3 mk3 if and when it comes out. I had Fuji for a time and they had good support but locally there were too many returns for the stores to keep them. Probably shipped all the production defective cameras to noythern Canada as is the normal sad state of affairs.

  • Kunzite

    “Operating profit dropped amid lower camera business sales and higher
    development investments in industrial products.”. Not only because of the lower camera sales.
    http://www.ricoh.com/IR/data/pre/pdf/h30q1_qa.pdf

    • IQfreak

      I hope this doesn’t halt or delay the K-3 mk3. My K-3 is getting near the end of its shutter life and i wonder if it’s worth waiting for the mk3, paying for an overhaul of my current K-3, or getting a new one. I’m not in the USA so…

  • where is that ricoh gr with interchangeable lens?

    • Mattias Burling

      Released a few years ago. It was called the GXR.

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