Ricoh Company, Ltd. reported consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported sales of JPY 497,983 million against JPY 548,678 million a year ago. Operating profit was JPY 12,025 million against JPY 29,342 million a year ago. Profit before income tax expenses was JPY 10,868 million against JPY 27,621 million a year ago. Profit for the period was JPY 630 million compared to JPY 18,088 million a year ago. Loss attributable to owners of parent was JPY 888 million against profit attributable to owners of parent of JPY 16,872 million a year ago. Loss per basic share attributable to owners of the parent was JPY 1.23 against earnings per basic share attributable to owners of the parent of JPY 23.28 a year ago. Capital expenditures were JPY 20.7 billion against JPY 16.2 billion last year. Capital expenditures were JPY 17.1 billion compared to JPY 20.7 billion a year ago. The company sales for the nine months decreased by 10.6% as compared to the previous corresponding period, to JPY 1,469.4 billion, mainly due to the decrease in sales in both the Imaging & Solutions and the Industrial Products segment.

For the nine months, the company reported sales of JPY 1,469,426 million against JPY 1,643,856 million a year ago. Operating profit was JPY 28,575 million against JPY 85,460 million a year ago. Profit before income tax expenses was JPY 26,162 million against JPY 81,183 million a year ago. Profit for the period was JPY 8,623 million compared to JPY 55,465 million a year ago. Profit attributable to owners of parent was JPY 4,114 million against JPY 51,415 million a year ago. Earnings per basic share attributable to owners of the parent were JPY 5.68 against JPY 70.93 last year. Net cash provided by operating activities were JPY 24,196 million against JPY 33,148 million last year. Expenditures for property, plant and equipment was JPY 53,049 million compared to JPY 61,622 million a year ago. Expenditures for intangible assets were JPY 18,121 compared to JPY 20,526 million a year ago.

The company revised earnings guidance for the year ending March 31, 2017. For the period, the company now expects total sales of JPY 2,000 billion, operating profit of JPY 40.0 billion, profit before income tax expenses of JPY 38.0 billion, profit attributable to owners of parent of JPY 10 billion or JPY 13.80 per basic share, capital expenditures of JPY 78.0 billion, depreciation of JPY 70.0 billion and R&D expenditures of JPY 118.0 billion against previous guidance for sales of JPY 2,010 billion, operating profit of JPY 40.0 billion, profit before income tax expenses of JPY 38.0 billion and profit attributable to owners of parent of JPY 18.0 billion as provided earlier.

The company provided consolidated earnings guidance for the fourth quarter ending March 31, 2017. The company expects sales of JPY 530.6 billion, operating profit of JPY 11.4 billion, profit before income tax expenses of JPY 11.8 billion, profit attributable to owners of parent of JPY 5.8 billion or JPY 8.12 per basic share, capital expenditures of JPY 25.0 billion, depreciation of JPY 19.9 billion and R&D expenditures of JPY 34.3 billion.