Ricoh released their Q1 financial results

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

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