Ricoh Q3 financial results: “in camera business, sales of new products were strong”
Ricoh released their Q3 financial results – here are the numbers for their “other” business that also includes their camera division (click for larger view):
Other segment sales were ¥15.0 billion and decreased by 26.2% as compared to the previous corresponding period (a decrease of 28.5% excluding foreign currency exchange fluctuations). A prime factor was the adoption of equity method accounting for Ricoh Leasing. In camera business, sales of new products were strong. As a result, Other segment operating profit (loss) was ¥11.1 billion (loss) due in part to upfront investment in new businesses. (Operating profit (loss) was ¥9.4 billion (loss) in the previous corresponding period.) Excluding the impact of the adoption of equity method accounting for Ricoh Leasing, both sales and operating profit (loss) was the same level of the previous corresponding period. (source)
Another quote from the above slide:
“Increased sales and earnings on strong demand for new products (Pentax/GR).”