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Ricoh Company

OTCPK:RICO.Y
Snowflake Description

Imperfect balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RICO.Y
OTCPK
¥839B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Ricoh Company, Ltd. provides various office and commercial printing solutions and related solutions worldwide. The last earnings update was 32 days ago. More info.


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RICO.Y Share Price and Events
7 Day Returns
0%
OTCPK:RICO.Y
7.3%
US Tech
2.9%
US Market
1 Year Returns
-5.5%
OTCPK:RICO.Y
1.4%
US Tech
1.4%
US Market
RICO.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ricoh Company (RICO.Y) 0% -2.5% 2.6% -5.5% -3% -14.8%
US Tech 7.3% 8.3% 13.1% 1.4% 65.9% 110.9%
US Market 2.9% 2.5% 10% 1.4% 38.3% 42%
1 Year Return vs Industry and Market
  • RICO.Y underperformed the Tech industry which returned 1.4% over the past year.
  • RICO.Y underperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
RICO.Y
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Ricoh Company undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ricoh Company to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ricoh Company.

OTCPK:RICO.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:RICO.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.027 (1 + (1- 30.86%) (107.55%))
1.529
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.53
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.529 * 5.96%)
11.84%

Discounted Cash Flow Calculation for OTCPK:RICO.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ricoh Company is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:RICO.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (JPY, Millions) Source Present Value
Discounted (@ 11.84%)
2019 -189.00 Analyst x1 -168.98
2020 51,588.38 Analyst x8 41,240.02
2021 55,305.57 Analyst x7 39,529.33
2022 54,292.50 Analyst x2 34,695.56
2023 48,307.00 Analyst x2 27,601.18
2024 48,001.17 Est @ -0.63% 24,521.84
2025 48,181.58 Est @ 0.38% 22,007.25
2026 48,702.95 Est @ 1.08% 19,889.48
2027 49,470.73 Est @ 1.58% 18,063.42
2028 50,421.81 Est @ 1.92% 16,460.90
Present value of next 10 years cash flows ¥243,840.00
OTCPK:RICO.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ¥50,421.81 × (1 + 2.73%) ÷ (11.84% – 2.73%)
¥568,277.24
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ¥568,277.24 ÷ (1 + 11.84%)10
¥185,522.03
OTCPK:RICO.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ¥243,840.00 + ¥185,522.03
¥429,362.03
Equity Value per Share
(JPY)
= Total value / Shares Outstanding
= ¥429,362.03 / 724.87
¥5.09
OTCPK:RICO.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:RICO.Y represents 0.0086x of TSE:7752
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.0086x
Value per Share
(Listing Adjusted, USD)
= Value per Share (JPY) x Listing Adjustment Factor
= ¥ 592.33 x 0.0086
$5.09
Value per share (USD) From above. $5.09
Current discount Discount to share price of $9.95
= -1 x ($9.95 - $5.09) / $5.09
-95.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Ricoh Company is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ricoh Company's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ricoh Company's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:RICO.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in JPY ¥-140.82
TSE:7752 Share Price ** TSE (2019-03-07) in JPY ¥1157
United States of America Tech Industry PE Ratio Median Figure of 15 Publicly-Listed Tech Companies 16.87x
United States of America Market PE Ratio Median Figure of 3,054 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ricoh Company.

OTCPK:RICO.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSE:7752 Share Price ÷ EPS (both in JPY)

= 1157 ÷ -140.82

-8.22x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ricoh Company is loss making, we can't compare its value to the US Tech industry average.
  • Ricoh Company is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Ricoh Company's expected growth come at a high price?
Raw Data
OTCPK:RICO.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.22x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
14.9%per year
United States of America Tech Industry PEG Ratio Median Figure of 8 Publicly-Listed Tech Companies 1.08x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Ricoh Company, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ricoh Company's assets?
Raw Data
OTCPK:RICO.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in JPY ¥1,302.33
TSE:7752 Share Price * TSE (2019-03-07) in JPY ¥1157
United States of America Tech Industry PB Ratio Median Figure of 37 Publicly-Listed Tech Companies 1.88x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
OTCPK:RICO.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSE:7752 Share Price ÷ Book Value per Share (both in JPY)

= 1157 ÷ 1,302.33

0.89x

* Primary Listing of Ricoh Company.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ricoh Company is good value based on assets compared to the US Tech industry average.
X
Value checks
We assess Ricoh Company's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. Ricoh Company has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Ricoh Company expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ricoh Company expected to grow at an attractive rate?
  • Ricoh Company's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Ricoh Company's earnings growth is expected to exceed the United States of America market average.
  • Ricoh Company's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:RICO.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:RICO.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 14.9%
OTCPK:RICO.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 1.3%
United States of America Tech Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
United States of America Tech Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:RICO.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in JPY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:RICO.Y Future Estimates Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 2,160,423 156,723 80,200 2
2022-03-31 2,142,903 162,640 75,700 2
2021-03-31 2,081,586 148,613 73,284 12
2020-03-31 2,058,428 147,045 70,094 14
2019-03-31 2,043,141 129,429 58,943 14
OTCPK:RICO.Y Past Financials Data
Date (Data in JPY Millions) Revenue Cash Flow Net Income *
2018-12-31 2,036,614 106,612 -102,074
2018-09-30 2,052,782 128,997 -103,854
2018-06-30 2,061,763 126,841 -136,886
2018-03-31 2,063,363 110,288 -135,372
2017-12-31 2,075,673 104,413 16,710
2017-09-30 2,056,293 69,819 3,014
2017-06-30 2,033,733 65,650 9,514
2017-03-31 2,028,899 88,299 3,489
2016-12-31 2,034,598 90,906 15,674
2016-09-30 2,085,293 71,570 33,434
2016-06-30 2,157,559 127,125 54,760
2016-03-31 2,209,028 99,858 62,975

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ricoh Company's earnings are expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).
  • Ricoh Company's revenue is expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:RICO.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Ricoh Company Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:RICO.Y Future Estimates Data
Date (Data in JPY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31 110.60 110.60 110.60 1.00
2022-03-31 104.40 104.40 104.40 1.00
2021-03-31 101.44 117.26 82.40 13.00
2020-03-31 96.85 109.54 77.40 15.00
2019-03-31 80.67 95.33 71.30 15.00
OTCPK:RICO.Y Past Financials Data
Date (Data in JPY Millions) EPS *
2018-12-31 -140.82
2018-09-30 -143.27
2018-06-30 -188.84
2018-03-31 -186.75
2017-12-31 23.05
2017-09-30 4.16
2017-06-30 13.12
2017-03-31 4.81
2016-12-31 21.62
2016-09-30 46.12
2016-06-30 75.54
2016-03-31 86.87

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ricoh Company is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ricoh Company's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ricoh Company has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Ricoh Company performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ricoh Company's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ricoh Company does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Ricoh Company's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Ricoh Company's 1-year growth to the US Tech industry average as it is not currently profitable.
Earnings and Revenue History
Ricoh Company's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ricoh Company Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:RICO.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in JPY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,036,614.00 -102,074.00 698,594.00
2018-09-30 2,052,782.00 -103,854.00 715,350.00
2018-06-30 2,061,763.00 -136,886.00 725,417.00
2018-03-31 2,063,363.00 -135,372.00 737,824.00
2017-12-31 2,075,673.00 16,710.00 714,152.00
2017-09-30 2,056,293.00 3,014.00 719,571.00
2017-06-30 2,033,733.00 9,514.00 715,340.00
2017-03-31 2,028,899.00 3,489.00 715,106.00
2016-12-31 2,034,598.00 15,674.00 716,175.00
2016-09-30 2,085,293.00 33,434.00 726,401.00
2016-06-30 2,157,559.00 54,760.00 746,071.00
2016-03-31 2,209,028.00 62,975.00 762,268.00
2015-12-31 2,245,983.00 67,626.00 765,990.00
2015-09-30 2,254,332.00 69,126.00 771,426.00
2015-06-30 2,244,679.00 66,467.00 765,872.00
2015-03-31 2,231,942.00 68,562.00 753,853.00
2014-12-31 2,213,990.00 81,606.00 816,008.00 -85,964.00
2014-09-30 2,212,907.00 82,086.00 779,464.00 -57,638.00
2014-06-30 2,200,427.00 77,740.00 712,865.00
2014-03-31 2,195,696.00 72,818.00 715,768.00
2013-12-31 2,148,919.00 58,728.00 630,852.00 115,782.00
2013-09-30 2,062,607.00 45,465.00 613,373.00 114,874.00
2013-06-30 1,986,817.00 36,089.00 625,224.00 84,943.00
2013-03-31 1,924,497.00 32,467.00 578,729.00 112,006.00
2012-12-31 1,893,709.00 25,927.00 536,726.00 111,902.00
2012-09-30 1,881,862.00 -24,055.00 547,631.00 114,013.00
2012-06-30 1,895,471.00 -42,956.00 574,456.00 118,407.00
2012-03-31 1,903,477.00 -44,560.00 584,484.00 119,027.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Ricoh Company has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Ricoh Company has efficiently used its assets last year compared to the US Tech industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Ricoh Company improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Ricoh Company's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ricoh Company has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Ricoh Company's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ricoh Company's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ricoh Company is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ricoh Company's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ricoh Company's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ricoh Company Company Filings, last reported 2 months ago.

OTCPK:RICO.Y Past Debt and Equity Data
Date (Data in JPY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,028,905.00 902,000.00 201,396.00
2018-09-30 1,047,188.00 889,339.00 203,102.00
2018-06-30 996,505.00 901,470.00 222,663.00
2018-03-31 988,755.00 881,901.00 216,557.00
2017-12-31 1,168,852.00 912,284.00 159,623.00
2017-09-30 1,150,442.00 912,851.00 156,777.00
2017-06-30 1,134,197.00 877,051.00 140,824.00
2017-03-31 1,116,877.00 859,743.00 135,091.00
2016-12-31 1,129,936.00 944,999.00 193,812.00
2016-09-30 1,060,281.00 905,860.00 184,861.00
2016-06-30 1,069,789.00 881,459.00 191,405.00
2016-03-31 1,147,764.00 852,800.00 168,520.00
2015-12-31 1,179,788.00 885,460.00 163,171.00
2015-09-30 1,176,754.00 837,141.00 180,964.00
2015-06-30 1,182,088.00 844,151.00 150,572.00
2015-03-31 1,154,312.00 790,580.00 138,649.00
2014-12-31 1,178,655.00 819,897.00 140,225.00
2014-09-30 1,131,976.00 773,686.00 137,903.00
2014-06-30 1,088,624.00 723,275.00 121,701.00
2014-03-31 1,094,396.00 724,164.00 144,104.00
2013-12-31 1,067,668.00 779,854.00 147,858.00
2013-09-30 1,010,394.00 736,784.00 128,849.00
2013-06-30 980,309.00 724,687.00 128,007.00
2013-03-31 958,658.00 705,019.00 120,331.00
2012-12-31 904,600.00 791,932.00 138,425.00
2012-09-30 859,426.00 745,116.00 126,273.00
2012-06-30 849,272.00 761,544.00 152,825.00
2012-03-31 879,018.00 744,094.00 158,671.00
  • Ricoh Company's level of debt (87.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (73% vs 87.7% today).
  • Debt is not well covered by operating cash flow (11.8%, less than 20% of total debt).
  • Ricoh Company is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Ricoh Company's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ricoh Company has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Ricoh Company's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.73%
Current annual income from Ricoh Company dividends. Estimated to be 2.12% next year.
If you bought $2,000 of Ricoh Company shares you are expected to receive $35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ricoh Company's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Ricoh Company's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:RICO.Y Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United States of America Tech Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:RICO.Y Future Dividends Estimate Data
Date (Data in ¥) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 40.00 1.00
2022-03-31 35.00 1.00
2021-03-31 26.54 13.00
2020-03-31 24.87 15.00
2019-03-31 20.67 15.00
OTCPK:RICO.Y Past Annualized Dividends Data
Date (Data in ¥) Dividend per share (annual) Avg. Yield (%)
2019-02-13 20.000 1.760
2019-02-07 20.000 1.797
2018-11-08 20.000 1.807
2018-10-26 20.000 1.768
2018-07-27 20.000 1.707
2018-06-27 20.000 1.965
2018-04-27 20.000 1.961
2018-02-13 15.000 1.356
2018-02-01 15.000 1.323
2017-11-09 15.000 1.439
2017-10-30 15.000 1.457
2017-06-22 15.000 1.419
2017-04-28 15.000 1.601
2017-02-09 35.000 3.665
2017-01-31 35.000 3.666
2016-11-10 35.000 3.587
2016-10-27 35.000 4.103
2016-06-23 35.000 3.819
2016-04-28 35.000 3.730
2016-02-12 35.000 3.072
2016-02-01 35.000 3.036
2015-11-11 35.000 2.878
2015-10-30 35.000 2.654
2015-06-29 35.000 2.839
2015-04-28 35.000 2.748
2015-02-13 34.000 2.676
2015-01-30 34.000 3.027
2014-11-07 34.000 2.784
2014-10-27 34.000 2.965
2014-07-31 34.000 2.974
2014-06-26 34.000 2.875
2014-04-25 34.000 2.829
2014-02-13 33.000 2.759
2014-01-31 33.000 2.847
2013-11-14 33.000 2.915
2013-10-31 33.000 3.240
2013-07-31 33.000 2.986
2013-04-26 33.000 2.807
2013-01-31 29.000 2.778
2012-10-30 29.000 3.564
2012-07-31 25.000 3.789
2012-07-19 25.000 4.706
2012-06-26 17.000 2.705
2012-04-26 25.000 4.007
2012-02-13 17.000 2.289
2012-01-31 17.000 2.783
2011-11-14 33.000 5.020
2011-10-28 33.000 5.100
2011-08-04 33.000 4.860
2011-06-30 33.000 3.820
2011-04-27 33.000 3.802
2011-02-10 33.000 3.346
2011-02-02 33.000 3.037
2010-11-15 33.000 2.753
2010-11-12 33.000 2.692
2010-10-28 33.000 2.794
2010-06-29 33.000 2.824
2010-04-27 33.000 2.451
2010-01-29 33.000 2.395
2009-07-31 33.000 2.601
2009-04-24 33.000 2.653
2009-03-18 36.000 2.936

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Ricoh Company's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ricoh Company's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ricoh Company afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ricoh Company has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Ricoh Company's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Yoshinori Yamashita
AGE 61
TENURE AS CEO 1.9 years
CEO Bio

Mr. Yoshinori Yamashita has been Chief Executive Officer and Executive President at Ricoh Company, Ltd. since April 1, 2017. Mr. Yamashita served as Deputy President at Ricoh Company, Ltd. since June 22, 2016 until April 1, 2017. Mr. Yamashita served as Senior Managing Executive Officer and General Manager of Business Solutions Division at Ricoh Company, Ltd., June 2012 and April 2014 respectively and served as its General Manager of Corporate Planning Division and Corporate Senior Vice President since April 2011 and since June 2012 respectively. Mr. Yamashita has been General Manager of Corporate Planning Division at Ricoh Co. Ltd. since April 2011 and has been its Corporate Executive Vice President since June 2012. He served as an Executive Vice President of Corporate Liaison at ProStrakan Group plc. He served as General Manager of New Business Development Center of Corporate Planning Division at Ricoh Co. Ltd. since April 2011. Mr. Yamashita served as the President and Chief Executive Officer of Ricoh Electronics, Inc from 2008 to 2011. He was responsible for Ricoh's U.S. production of copiers, peripherals and printed circuit boards as well as production and marketing of thermal media products, toner, developer and other products. He has been Corporate Vice President of Ricoh Co. Ltd. since April 2010 and served as its Executive Officer since June 2010. He served as Managing Officer of Nippon Express Co. Ltd. and also served as its Officer. He has 28 years of experience. Since joining Ricoh in 1980, he served in a variety of areas: business strategy, planning, purchasing and production control positions. Mr. Yamashita served as Division Manager of the Production Strategic Center in the Production Business Group. He also served at Ricoh U.K. Products Ltd. from 1995 to 2002. He served as a Director of Ricoh Innovations Corporation. He has been a Director of Ricoh Co. Ltd. since June 2012. He served as a Director of ProStrakan Group plc. He served as a Director of Nippon Express Co. Ltd. Mr. Yamashita is a graduate of the National University of Hiroshima, with a Degree in Management Engineering.

CEO Compensation
  • Insufficient data for Yoshinori to compare compensation growth.
  • Insufficient data for Yoshinori to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Ricoh Company management team in years:

1.9
Average Tenure
60
Average Age
  • The average tenure for the Ricoh Company management team is less than 2 years, this suggests a new team.
Management Team

Yoshinori Yamashita

TITLE
CEO, Executive President & Representative Director
AGE
61
TENURE
1.9 yrs

Hidetaka Matsuishi

TITLE
CFO, Executive VP
AGE
61
TENURE
1.2 yrs

Shinji Sato

TITLE
Corporate VP & GM of Finance and Legal Division

Akira Oyama

TITLE
Corporate EVP and GM of Sales & Marketing Group
AGE
57

Donna Venable

TITLE
Corporate VP

Hidetsugu Nonaka

TITLE
Corporate SVP & Deputy GM of Digital Business Group
AGE
65
TENURE
6.9 yrs

Seiji Sakata

TITLE
Corporate Executive VP
AGE
60

Kazuo Nishinomiya

TITLE
Corporate SVP
AGE
58

Hisao Murayama

TITLE
Managing Executive Officer
AGE
60

Yasutomo Mori

TITLE
Corporate SVP & GM of IMS Business Group
AGE
58
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Ricoh Company board of directors in years:

2.8
Average Tenure
61
Average Age
  • The average tenure for the Ricoh Company board of directors is less than 3 years, this suggests a new board.
Board of Directors

Nobuo Inaba

TITLE
Chairman of the Board
AGE
68

Yoshinori Yamashita

TITLE
CEO, Executive President & Representative Director
AGE
61
TENURE
6.8 yrs

Hidetaka Matsuishi

TITLE
CFO, Executive VP
AGE
61
TENURE
0.8 yrs

Seiji Sakata

TITLE
Corporate Executive VP
AGE
60
TENURE
0.8 yrs

Yasutomo Mori

TITLE
Corporate SVP & GM of IMS Business Group
AGE
58

Makoto Azuma

TITLE
Outside Director
AGE
73
TENURE
4.8 yrs

Masami Iijima

TITLE
Outside Director
AGE
68
TENURE
2.8 yrs

Mutsuko Hatano

TITLE
Outside Director
AGE
58
TENURE
2.8 yrs

Kazuhiro Mori

TITLE
Outside Director
TENURE
0.8 yrs

Katsumi Kurihara

TITLE
Full-Time Auditor
AGE
62
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Ricoh Company's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ricoh Company has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Ricoh Company, Ltd. provides various office and commercial printing solutions and related solutions worldwide. The company offers various office printing products, including multifunction printers, copying machines, wide machines, fax products, scanners, etc.; and commercial printing products comprising cut sheet production printers and continuous paper production printers; industrial printing products, which include inkjet heads, imaging systems, industrial printers, etc.; and related equipment, consumables, services, and software. It also provides office services, such as personal computer servers, network related equipment and related services, software, and document related services and solutions. In addition, the company offers optical equipment, electrical units, semiconductors, digital cameras, industrial cameras, 3D printing products, and environment and health care related products, as well as thermal media products. The company was formerly known as Riken Optical Co., Ltd. and changed its name to Ricoh Company, Ltd. in 1963. Ricoh Company, Ltd. was founded in 1936 and is headquartered in Tokyo, Japan.

Details
Name: Ricoh Company, Ltd.
RICO.Y
Exchange: OTCPK
Founded: 1936
¥7,518,659,214
724,865,032
Website: http://www.ricoh.co.jp
Address: Ricoh Company, Ltd.
Shibakoen First Building,
1-3-6 Chiumaki-ku,
Tokyo,
Japan
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSE 7752 Common Stock The Tokyo Stock Exchange JP JPY 02. Jan 1992
OTCPK RICO.F Common Stock Pink Sheets LLC US USD 02. Jan 1992
DB RIC1 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1992
LSE RICO Common Stock London Stock Exchange GB JPY 02. Jan 1992
OTCPK RICO.Y ADR NEW Pink Sheets LLC US USD 15. Aug 1984
Number of employees
Current staff
Staff numbers
97,878
Ricoh Company employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/17 23:41
End of day share price update: 2019/03/07 00:00
Last estimates confirmation: 2019/03/12
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.