Ricoh released their Q1 financial results

• 4 years ago
• Categories: Financial reports

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