Ricoh released their Q1 financial results:
Here is the information for the “Others” segment that includes the camera division:
- We posted an operating loss of 6.4 billion yen, 4.2 billion yen of which stemmed from the de-consolidation of Ricoh Leasing.
- In the Smart Vision business, we generated solid sales of the THETA in the 360° camera market, as users were able to experience video while unable to go out.
- On the downside, demand for and sales of DSLR and other cameras were off because the pandemic led to restrictions on movements and event cancellations.
- Demand for industrial products suffered from factory stoppages and stagnant sales among end product manufacturers, primarily in the automotive industry.
- We are seeing signs of a demand recovery, and will proceed to improve earnings.
Source: Ricoh
