Ricoh Imaging’s financial results Q3 FY2018/03

Ricoh published this morning their financial results for the third quarter and the first nine months of their 2018/03 fiscal year, i.e. for the October 2017 – December 2017 and April 2017 – December 2017 periods.

“Sales in the Other segment increased by 14.3% to ¥151.8 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 13.0% as compared to the previous corresponding period, to ¥5.7 billion.” (page 5)

Contrary to the document’s title, it’s the consolidated results for the nine (not six) months ended December 31, 2017. This is the most interesting document as far as the camera business is concerned. See in particular its page number 14 (15th page of the pdf document).

The so-called ‘Smart Vision’ BU includes the Pentax products together with the Ricoh Theta, GR, WG and rugged compact cameras.

Quarter after quarter, the turnover of the Smart Vision division is declining, see the following table put together with data from this report and the previous ones:

The steep yoy Q1 decline is due to the launch of Pentax K-1 in 2016. Obviously the KP launched in 2017 didn’t have the same impact on Ricoh Imaging sales.

Smart Vision sales in calendar year 2017 amounted to around ¥20bn / $180m / €150m.

Thanks Mistral75!

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