Ricoh’s sales in the first nine months of the fiscal year rose by 19.8% to ¥1,528.6 billion ($A16.75bn) and gross profit increased by 16.7% pcp to ¥538.8 billion ($A5.9bn). The company’s Graphic Communications business, which includes Commercial and Industrial Printing, recorded a sales increase of 25% (9.8% excluding foreign currency exchange fluctuations).
Ricoh Pro TF6251 flatbed LED UV printer
“The world economy resumed its economic activities compared to the previous corresponding period, when had been greatly affected by the expansion of COVID-19 infection,” Ricoh said.
“During this period, the number of people infected with COVID-19 reached a record high in Japan. Despite the fact that the number of COVID-19-infected people has been declining and increasing over time, the relaxed restrictions have allowed economic activity to resume.
“On the other hand, prices have been rising due to higher raw material prices and the depreciation of the yen. Prices and wages in the United States have increased and the monetary authorities tightened their policies to reduce inflation. GDP temporarily fell, but has since recovered.
“In Europe, the Russia/Ukraine situation has been prolonged and the deterioration in relations with Russia have caused price increases to spread to a wide variety of items. The soaring energy prices and food prices are having an impact on the economy.
“In other regions, China’s lockdown caused by the zero-COVID policy has brought a halt to economic activity, and the subsequent rapid expansion of COVID-19 due to the lifting of the zero-COVID policy has affected the economy and society.”
Review by Business Segment
Graphic Communications [includes commercial printing and industrial printing]
Graphic Communications sales were ¥169.5 billion and increased by 25.1% (an increase of 9.8% excluding foreign currency exchange fluctuations) as compared to the previous corresponding period. As economic activity recovered in Europe, Americas, the sales of commercial printing increased.
Despite the negative impact of material shortages on sales, we were able to increase the number of production printers as we worked hard to ensure production volumes. We also procured alternative components from the marketplace. Non-hardware sales continued to rebound, almost back to levels before the COVID-19 outbreak.
The industrial printing industry [includes wide format printers, inkjet printheads and DTG printers]Despite the lockdown in China’s mainstay market, sales rose.
Even though profits in commercial printing were cut due to higher costs of procuring substitute components from the marketplace, improvements made in development, production and service activities, as well the depreciation the yen, helped to generate profit.
As a result, Graphic Communications operating profit was ¥10.0 billion and increased by ¥8.1 billion as compared to the previous corresponding period.
In September 2022, IVE Group, the region’s largest printer, chose Ricoh Australia as its preferred digital print partner, installing six Ricoh Pro C9210 digital production presses and two Ricoh Pro C7210X models.
https://www.ricoh.com.au