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!