Japanese group boosts profit amid declining print sales and tariff threats.
Ricoh has reported a 3.5% rise in net profit to ¥45.7 billion ($293 million/ €273 million) for the financial year ended 31 March 2025, as gains in office services and production printers offset weakness in its core office printing business.
Group sales rose 7.6% year-on-year to ¥2,527.8 billion ($16.2 billion/ €15.1 billion), helped by the depreciation of the yen and a strong domestic performance. Sales in Japan grew 11.3%, driven by demand for IT services and recurring revenue contracts, while overseas sales rose 5.5%.
However, Ricoh’s traditional Office Printing segment continued to decline, especially overseas, prompting further restructuring and a strategic shift towards digital services. The joint venture with Toshiba Tec, ETRIA, was expanded in February with the addition of OKI, consolidating development and production of MFPs and printers to lower costs and improve supply chain efficiency.
Looking ahead, Ricoh forecasts a 1.3% increase in total sales to ¥2,560 billion ($16.4 billion/ €15.3 billion) for FY2026, despite anticipating a ¥13 billion($$85.2 million/ €79.3 million) hit from new US tariffs. It plans to counter this with higher-value services and tighter machine-in-field targeting.
