Aankondiging • May 14
Ricoh Company, Ltd. (TSE:7752) announces an Equity Buyback for 23,000,000 shares, representing 4.04% for ¥25,000 million. Ricoh Company, Ltd. (TSE:7752) announces a share repurchase program. Under the program, the company will repurchase up to 23,000,000 shares, representing 4.0% of its total shares outstanding excluding treasury shares, for a total of ¥25,000 million. The purpose of repurchase program is to enhance shareholder returns and improve capital efficiency. The repurchased shares will be retired. As of March 31, 2026 , the company had 569,231,386 shares outstanding (excluding treasury shares) and had 501,792 shares in treasury. Reported Earnings • May 13
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: JP¥97.80 (up from JP¥78.11 in FY 2025). Revenue: JP¥2.61t (up 3.2% from FY 2025). Net income: JP¥55.7b (up 22% from FY 2025). Profit margin: 2.1% (up from 1.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 10.0%. Revenue is forecast to stay flat during the next 3 years compared to a 2.9% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 12
Ricoh Company, Ltd., Annual General Meeting, Jun 23, 2026 Ricoh Company, Ltd., Annual General Meeting, Jun 23, 2026. Aankondiging • May 09
Ricoh Company, Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Ricoh Company, Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.1%). Buy Or Sell Opportunity • Feb 12
Now 22% undervalued Over the last 90 days, the stock has risen 9.8% to JP¥1,516. The fair value is estimated to be JP¥1,943, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 8.3%. For the next 3 years, revenue is forecast to decline by 0.08% per annum. Earnings are forecast to grow by 4.8% per annum over the same time period. Reported Earnings • Feb 07
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥39.12 (up from JP¥31.84 in 3Q 2025). Revenue: JP¥659.9b (up 4.3% from 3Q 2025). Net income: JP¥22.3b (up 20% from 3Q 2025). Profit margin: 3.4% (up from 2.9% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 44%. Revenue is forecast to stay flat during the next 3 years compared to a 2.7% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 15
Ricoh Announces Monochrome Gr Iv Camera Version B&H announced the Ricoh GR IV Monochrome, a black and white exclusive variant of their much sought-after point-and-shoot camera. While retaining the same compact form factor and exceptional image quality of the original, this version has been designed exclusively for monochrome photography. This was achieved by removing the color filter from the sensor, which also increases the capabilities of the GR's built-in lens, delivering richer tonal gradation. Product Highlights: GR IV B&W-Only Recording; No Color Array; Built-In Red Contrast Filter; 25.7MP APS-C BSI CMOS Sensor; New 28mm f/2.8 Lens (Full-Frame Equiv.) Improved AF and Low-Light Focusing; 5-Axis 6-Stop Shake Reduction System; 3.0" 1.04m-Dot Touchscreen LCD; 53GB Built-In Memory & microSD Card Slot; Full HD 1080/60p Video Recording; Snap Distance Priority & Focus Limiter. The creative possibilities are further broadened by the addition of a new high-speed electronic shutter mechanism adopted from the recent HDF variant, which is capable of shutter speeds up to 1/16,000 of a second. This makes it possible to capture images at larger apertures, even when working in bright lighting conditions. For those who already have the original edition of the camera, worry not, as this feature will be coming to the GR IV via a function-expanding firmware update following the launch of the GR IV Monochrome and HDF cameras. To differentiate the three GR IV variants, the Monochrome edition is uniformly colored to evoke the world of black and white photography. The magnesium body, as well as the shutter button are finished in a matte black with the engraved GR logo finished in a semi-gloss black. The power button illumination has changed as well, now to white to maintain the monochromatic aesthetic. The RICOH GR IV monochrome is a welcome addition to the ever-changing line-up of point and shoot cameras on the market. The B&H YouTube Channel has an unmatched wealth of educational content. entertaining and informative videos feature product overviews from in-house specialists. One can view the B&H Event Space presentations from many of the world's foremost experts and interviews with some of technology's most dynamic personalities. In addition to videos, the B&H Explora blog presents new product announcements, gear reviews, helpful guides, and tech news written by product experts and industry professionals, as well as award-winning podcasts. When you're in Manhattan, take a tour of the B&H Photo SuperStore, located at 420 Ninth Avenue. The technology-carousel spins all year round at the counters and kiosks at B&H. With hundreds of products on display, the B&H Payboo Credit Card offers the industry's best instant savings and special financing, subject to credit approval. Aankondiging • Jan 08
Ricoh Company, Ltd. (TSE:7752) acquired Presentation Products, Inc. Ricoh Company, Ltd. (TSE:7752) acquired Presentation Products, Inc. on January 7, 2026.
Trafalgar Capital Partners, an M&A advisor helped facilitate the transaction.
Ricoh Company, Ltd. (TSE:7752) completed the acquisition of Presentation Products, Inc. on January 7, 2026. Aankondiging • Dec 24
Ricoh Company, Ltd. to Report Q3, 2026 Results on Feb 05, 2026 Ricoh Company, Ltd. announced that they will report Q3, 2026 results on Feb 05, 2026 Aankondiging • Dec 18
Ricoh Announces Gr Iv Hdf Digital Camera, Preorder Gr Iv Camera At B&H Photo Ricoh announced the GR IV HDF - Highlight Diffusion Filter, a new variant of their much sought-after point-and-shoot camera. While looking largely the same, this unique model offers new features that give users more creative control, and a new accessory hand strap. The Ricoh GR IV HDF retains the exceptional image quality and compact point-and-shoot feel that put the GR line on the map. Where it differs begins with the addition of a familiar face to longtime fans of the RICOH GR series of cameras. Product Highlights: Built-in Highlight Diffusion Filter; 25.7MP APS-C BSI CMOS Sensor; New 28mm f/2.8 Lens (Full-Frame Equiv.); Improved AF and Low-Light Focusing; 5-Axis 6-Stop Shake Reduction System; 3.0" 1.04m-Dot Touchscreen LCD; 53GB Built-In Memory & microSD Card Slot; Full HD 1080/60p Video Recording; Snap Distance Priority & Focus Limiter; GR WORLD App for Updates and Control. Enter the HDF, or the Highlight Diffusion Filter, which was last seen in similar models of the GR III and IIIx. This filter adds a diffusion effect to the images, especially around highlights. The resulting images have a vintage film/cinematic look often achieved through the use of other tools like digital presets or black mist filters. The creative possibilities are further broadened by the addition of a new high-speed electronic shutter mechanism that is capable of shutter speeds up to 1/16,000 of a second. This makes it possible to capture images at larger apertures, even when working in bright lighting conditions. For those who already have the standard edition of the camera, worry not, as this feature will be coming to the GR IV via a function-expanding firmware update following the launch of the GR IV HDF. Other differences between models include the shutter button. While the standard GR IV features an all-black color scheme, the HDF model features a grayish silver shutter button to set it apart. Out of the box, the Fn (Function) button has been set by default to HDF ON/OFF setting. This can be changed to other functions if you wish. Note that the built-in ND (Ne Neutral Density) filter found in the GR IV will not be available in the HDF model. Lastly, can't go without mentioning the new accessory, which will be available for both versions of the GR IV camera. To keep with the compact and portable form factor, RICOH has designed the GS-4 Finger Strap that comfortably fits the user's hand for easy carrying. It's less bulky than a full neck strap, and quite minimal in design. As the vintage film look continues to boom in popularity, The company expects to see many cameras adopt fun and creative features simulating the effect. The entertaining and informative videos feature product overviews from in-house specialists. The company can view the B&H Event Space presentations from many of the world's foremost experts and interviews with some of technology's most dynamic personalities. Tap into this exciting resource by subscribing to the B&H YouTube Channel here. In addition to videos, the B&H Explora blog presents new product announcements, gear reviews, helpful guides, and tech news written by product experts and industry professionals, as well as award-winning podcasts. When you're in Manhattan, take a tour of the B&H Photo SuperStore, located at 420 Ninth Avenue. The technology-carousel spins all year round at the counters and kiosks at B&H. With hundreds of products on display, the B&H Photo Super Store is the place to test-drive and compare all the latest gear. The B&H Payboo Credit Card offers the industry's best instant savings and special financing, subject to credit approval. Visit B&H's Payboo Page to learn more and apply. Declared Dividend • Dec 02
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (37% earnings payout ratio) and cash flows (67% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: EPS: JP¥26.21 (up from JP¥2.49 in 2Q 2025). Revenue: JP¥641.7b (up 2.1% from 2Q 2025). Net income: JP¥14.9b (up JP¥13.5b from 2Q 2025). Profit margin: 2.3% (up from 0.2% in 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 9% per year. Aankondiging • Sep 25
Ricoh Company, Ltd. to Report Q2, 2026 Results on Nov 07, 2025 Ricoh Company, Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 46% and the cash payout ratio is 88%. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.9%). Reported Earnings • Aug 08
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: JP¥16.96 (up from JP¥13.03 in 1Q 2025). Revenue: JP¥580.8b (up 1.1% from 1Q 2025). Net income: JP¥9.66b (up 24% from 1Q 2025). Profit margin: 1.7% (up from 1.4% in 1Q 2025). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year. Declared Dividend • Jul 09
Final dividend increased to JP¥20.00 Dividend of JP¥20.00 is 5.3% higher than last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 2.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jun 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Aankondiging • Jun 26
Ricoh Company, Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Ricoh Company, Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • Jun 21
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥78.11 (up from JP¥72.58 in FY 2024). Revenue: JP¥2.53t (up 7.6% from FY 2024). Net income: JP¥45.7b (up 3.5% from FY 2024). Profit margin: 1.8% (down from 1.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Aankondiging • Jun 10
Ricoh Brings Greater Efficiency to Light-Production Segment with its Next Generation of Sheet-Fed Digital Printer Ricoh announced the launch of its newest color light-production sheet-fed digital printers, the RICOH Pro C5400S and RICOH Pro C5410S (RICOH Pro C5400S Series). With professional color consistency and precise front-to-back registration, the RICOH Pro c5400S Series offers the powerful production print quality of higher-volume presses in a more compact and versatile design, allowing businesses such as marketing agencies to outsource less work, and commercial printers to keep shorter-run print jobs from tying up larger production systems. Building on the strengths of its predecessors, the RICOH ProC5300S and RICOHPro C5310S, the RICOH Pro P5400S Series inherits key features, such as high-speed output and excellent paper handling while delivering significant improvements in core performance. The warm-up time has been drastically reduced from 120 seconds to 26 seconds,1 for the Pro C5410S, and 30 seconds for the Pro C5400S, greatly boosting user productivity. The scanning3 speed has also increased, and the adoption of capacitive touch significantly enhances usability and response of the 10.1" Smart Operation Panel. Additionally, the Series features an industry-first staple-less binding option for the SR5130 and SR5140 finishers that uses water to moisten and press pages together, enabling staple-less binding up to 16 sheets (80 gsm/20lb bond), reducing injury and waste from staples, and making it easier to shred and recycle documents. Faster startup and output: Warm-up time of just 26 seconds1 for the Pro C 5410S and 30 seconds1 for the ProC5400S. First copy output in full color as fast as 6.5 seconds1 for the Pro P5410S and 7.2 seconds1 for the Pro c5400S. Improved scanning3 speed: Duplex scanning up to 300 pages per minute. New AI-powered orientation detection and support for continuous scans of small-format documents, such as business cards, enhancing workflow efficiency. New capacitive touch: Android-based 10.1" Smart Operation panel upgraded with capacitive technology for improved touch response, enhancing user experience. Versatile media capability and advanced finishing options. Supports various types of media, including coated paper, waterproof paper, envelopes, clear files, and long sheet printing up to 51 inches or 1,300 mm to increase output possibilities. Industry-first staple-less binding function: Uses water to moisten and press page together, binding up to 16 sheets, ideal for safety-conscious environments, such as food services and educational institutions like kindergartens and nursing care facilities. It does not require consumables and is designed to allow easy waste separation at the time of disposal, showing consideration for the environment. For Commercial Printing Advanced functionality for stable and high-quality output. New optional envelope fusing unit: Operator installed and easy to use, it offers improved print quality and printing speed of envelopes, reducing waste associated with envelope printing and boosting productivity. Improved paper transport stability: Redesigned Vacuum Feed Large Capacity Input Tray (LCIT) improves paper transport stability and significantly enhances image registration accuracy for duplex and long sheet printing. Advanced image alignment: Trapezoidal and right-angle correction functions for even higher precision in image alignment. Enhanced paper setting user interface: Operators can easily adjust and program paper settings for optimal print performance based on their print application, which further enhances the overall output quality. Simplified transfer conditions adjustment: Outputs adjustment charts (sample prints) for multiple transfer conditions adjustment: Outputs adjustments charts (sample prints) for Multiple transfer conditions, allowing users to select their desired result, streamlining setup and minimizing pre-printing adjustment time. Expansive selection of inline finishers: Option to add new GBC Steampunch Plus to support more binding and punch applications, and new Plockmatic 435e series finishers for saddle stitch booklet making. Aankondiging • Jun 04
EPS US, LLC acquired Avanti Computer Systems Limited from Ricoh Company, Ltd. (TSE:7752). EPS US, LLC acquired Avanti Computer Systems Limited from Ricoh Company, Ltd. (TSE:7752) on June 2, 2025.
The impact of the business transfer on the company's results of operations is expected to be minimal.
EPS US, LLC Completed the acquisition of Avanti Computer Systems Limited from Ricoh Company, Ltd. (TSE:7752) on June 2, 2025. Reported Earnings • May 18
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥78.11 (up from JP¥72.58 in FY 2024). Revenue: JP¥2.53t (up 7.6% from FY 2024). Net income: JP¥45.7b (up 3.5% from FY 2024). Profit margin: 1.8% (down from 1.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Aankondiging • May 14
Ricoh Company, Ltd., Annual General Meeting, Jun 24, 2025 Ricoh Company, Ltd., Annual General Meeting, Jun 24, 2025. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,367, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Tech industry in Japan. Total returns to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,069 per share. Aankondiging • Mar 27
Ricoh Company, Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Ricoh Company, Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%). Aankondiging • Mar 05
Ricoh Company, Ltd. (TSE:7752) agreed to acquire remaining 20% stake in PFU Limited from Fujitsu Limited (TSE:6702) for ¥22.7 billion. Ricoh Company, Ltd. (TSE:7752) agreed to acquire remaining 20% stake in PFU Limited from Fujitsu Limited (TSE:6702) for ¥22.7 billion on March 4, 2025. Upon completion, Ricoh Company, Ltd. will own 100% stake in PFU Limited. The expected completion of the transaction is March 7, 2025. Major Estimate Revision • Feb 20
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥70.97 to JP¥80.30. Revenue forecast steady at JP¥2.50t. Net income forecast to grow 54% next year vs 7.7% growth forecast for Tech industry in Japan. Consensus price target broadly unchanged at JP¥1,570. Share price fell 13% to JP¥1,521 over the past week. Reported Earnings • Feb 14
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥31.84 (up from JP¥24.07 in 3Q 2024). Revenue: JP¥632.8b (up 8.2% from 3Q 2024). Net income: JP¥18.6b (up 27% from 3Q 2024). Profit margin: 2.9% (up from 2.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 97%. Revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 16% per year. Buy Or Sell Opportunity • Feb 14
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,646. The fair value is estimated to be JP¥2,127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Aankondiging • Dec 21
Ricoh Company, Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Ricoh Company, Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Declared Dividend • Dec 03
First half dividend of JP¥19.00 announced Shareholders will receive a dividend of JP¥19.00. Ex-date: 28th March 2025 Payment date: 23rd June 2025 Dividend yield will be 2.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 72% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Dec 03
Ricoh Company, Ltd. (TSE:7752) announces an Equity Buyback for 17,256,200 shares, representing 2.94% for ¥29,999.9 million. Ricoh Company, Ltd. (TSE:7752) announces a share repurchase program. Under the program, the company will repurchase up to 17,256,200 shares, representing 2.94% of its total shares outstanding excluding treasury shares, for a total of ¥29,999.9 million. The shares will be repurchased at a price of ¥1,738.5 per share. The purpose of repurchase program is to enhance shareholder returns and improve capital efficiency. The repurchased shares will be retired. As of September 30, 2024, the company had 586,902,416 shares outstanding (excluding treasury shares) and had 86,962 shares in treasury. Buy Or Sell Opportunity • Nov 28
Now 23% undervalued Over the last 90 days, the stock has risen 9.4% to JP¥1,663. The fair value is estimated to be JP¥2,153, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 1.0% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. New Risk • Nov 09
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.6% Last year net profit margin: 2.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.6% net profit margin). Aankondiging • Sep 25
Ricoh Company, Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Ricoh Company, Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.5%). Reported Earnings • Aug 07
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: JP¥13.03 (down from JP¥14.44 in 1Q 2024). Revenue: JP¥574.4b (up 7.4% from 1Q 2024). Net income: JP¥7.80b (down 11% from 1Q 2024). Profit margin: 1.4% (down from 1.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 9.5%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,139, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Tech industry in Japan. Total returns to shareholders of 13% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥19.00 announced Shareholders will receive a dividend of JP¥19.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 1.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 26
Ricoh Company, Ltd. to Report Q1, 2025 Results on Aug 06, 2024 Ricoh Company, Ltd. announced that they will report Q1, 2025 results on Aug 06, 2024 Reported Earnings • Jun 26
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥72.58 (down from JP¥88.13 in FY 2023). Revenue: JP¥2.35t (up 10% from FY 2023). Net income: JP¥44.2b (down 19% from FY 2023). Profit margin: 1.9% (down from 2.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • May 09
Ricoh Company, Ltd., Annual General Meeting, Jun 20, 2024 Ricoh Company, Ltd., Annual General Meeting, Jun 20, 2024. Reported Earnings • May 08
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥72.58 (down from JP¥88.13 in FY 2023). Revenue: JP¥2.35t (up 10% from FY 2023). Net income: JP¥44.2b (down 19% from FY 2023). Profit margin: 1.9% (down from 2.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 24
Ricoh Company, Ltd. to Report Fiscal Year 2024 Results on May 07, 2024 Ricoh Company, Ltd. announced that they will report fiscal year 2024 results on May 07, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.5%). Reported Earnings • Feb 08
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: JP¥24.07 (up from JP¥20.56 in 3Q 2023). Revenue: JP¥585.1b (up 5.4% from 3Q 2023). Net income: JP¥14.7b (up 17% from 3Q 2023). Profit margin: 2.5% (up from 2.3% in 3Q 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 39%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 07
Ricoh Company, Ltd. (TSE:7752) announces an Equity Buyback for 36,000,000 shares, representing 5.91% for ¥30,000 million. Ricoh Company, Ltd. (TSE:7752) announces a share repurchase program. Under the program, the company will repurchase up to 36,000,000 shares, representing 5.91% of its total shares outstanding excluding treasury shares, for a total of ¥30,000 million. The purpose of repurchase program is to enhance shareholder returns and improve capital efficiency. The repurchased shares will be cancelled. The repurchase program is valid till August 30, 2024. As of December 31, 2023, the company had 609,105,396 shares outstanding excluding treasury shares and had 416,582 shares in treasury. Aankondiging • Feb 06
Ricoh Company, Ltd., Annual General Meeting, Mar 06, 2024 Ricoh Company, Ltd., Annual General Meeting, Mar 06, 2024. Aankondiging • Dec 23
Ricoh Company, Ltd. to Report Q3, 2024 Results on Feb 06, 2024 Ricoh Company, Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 09
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥11.20 (down from JP¥11.89 in 2Q 2023). Revenue: JP¥578.0b (up 12% from 2Q 2023). Net income: JP¥6.82b (down 6.9% from 2Q 2023). Profit margin: 1.2% (down from 1.4% in 2Q 2023). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.3%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 19
Ricoh Announces the Global Debut of the RICOH Pro Z75 Digital Press Ricoh announced the global debut of the RICOH Pro Z75 Digital Press, the first B2 perfecting (auto-duplexing) sheetfed inkjet platform using aqueous ink, accelerating the shift from offset to digital with higher print quality, faster turnaround times and fewer demands on staff following successful in-market testing. The press will be officially available for public orders in North America as of November 15, 2023, with orders for immediate placement expected based on strong interest across international markets. In June 2022, Heeter Printing – a Pittsburgh area full-service secure marketing provider for highly demanding industries like insurance, retail, and gaming – teamed up with Ricoh to serve as the official beta site for the iF DESIGN AWARD winning B2 sheetfed inkjet press platform. The RICOH Pro Z75 delivers the advantages of a sheetfed platform with the low running costs and high productivity of inkjet. It offers print speeds of up to 4,500 sheets per hour (SPH) in straight printing or 2,250 SPH in duplex /perfecting printing. Stainless steel piezo print heads bring 1,200 dpi native resolution at all speeds with 4 Color (CMYK) pigment-based inks, while the proprietary drying system greatly reduces cockling and waviness ensuring high-quality results ready for immediate finishing. The RICOH Pro Z75 also expands substrate flexibility, handling uncoated, inkjet treated and offset coated media up to 400 gsm (24pt) with a max sheet size of 23 x 29-inches. Beyond the high print speeds and automatic duplexing capabilities, the press incorporates significant automation solutions and an intuitive control panel to reduce the need for operator intervention and improve shift efficiency. A heavy-duty, offset-like build quality and advanced, durable printheads are designed to maximize press uptime and availability. Attention to detail from the air-assisted sheet feeding that minimizes feed and paper transport issues, to a configurable high-capacity stacker that delivers accurate, flush paper stacking, streamlines the entire job process. Designed for print businesses managing high volumes of jobs that require reliable uptime and significant throughput capacity, the new production inkjet platform is backed by Ricoh's global organization that is committed to customer success. Customers will have access to Ricoh's best-in-class proprietary workflow automation solutions, such as RICOH TotalFlow™ Producer, RICOH TotalFlow BatchBuilder™ and RICOH Supervisor™, plus consulting services and full-service marketing solutions such as MarcomCentral®, to maximize return-on-investment and business value. Aankondiging • Sep 27
Ricoh Company, Ltd. to Report Q2, 2024 Results on Nov 08, 2023 Ricoh Company, Ltd. announced that they will report Q2, 2024 results on Nov 08, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥18.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.7%). Reported Earnings • Aug 09
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: EPS: JP¥14.44 (up from JP¥11.98 in 1Q 2023). Revenue: JP¥534.6b (up 16% from 1Q 2023). Net income: JP¥8.80b (up 16% from 1Q 2023). Profit margin: 1.6% (down from 1.7% in 1Q 2023). Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 28
Now 22% undervalued Over the last 90 days, the stock is up 9.3%. The fair value is estimated to be JP¥1,568, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 8.2% per annum over the same time period. Board Change • Jul 20
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Chairperson Jake Yamashita is the most experienced director on the board, commencing their role in 2012. Independent Outside Director Kazuhiko Ishimura was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. New Risk • Jul 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Aankondiging • Jun 28
Ricoh Company, Ltd. to Report Q1, 2024 Results on Aug 08, 2023 Ricoh Company, Ltd. announced that they will report Q1, 2024 results on Aug 08, 2023 Buying Opportunity • Jun 01
Now 20% undervalued Over the last 90 days, the stock is up 7.8%. The fair value is estimated to be JP¥1,451, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 70%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 10% per annum over the same time period. Reported Earnings • May 09
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥88.13 (up from JP¥45.35 in FY 2022). Revenue: JP¥2.13t (up 21% from FY 2022). Net income: JP¥54.4b (up 79% from FY 2022). Profit margin: 2.5% (up from 1.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 2.6%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Tech industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.1%).