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RICOH, Net Income Forecast for the Fiscal Year Revised Upward by 9%

Thu Feb 5, 2026 3:30 pm JST Earnings

7752 RICOH COMPANY,LTD. 【IFRS】

Earnings Report

RICOH COMPANY,LTD. <7752> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 5th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 46.8 billion yen, an increase 68.2% compared to the same period last year.

In addition, the full-year forecast for consolidated net income has been revised upward 8.9%, from the previous forecast of 56.0 billion yen to 61.0 billion yen (compared to 45.7 billion yen in the previous period), increasing the growth rate from 22.5% to 33.5%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) has been revised upward 15.9%, from the previous forecast of 31.4 billion yen to 36.4 billion yen (compared to 36.4 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 13.8% to 0.05%.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 19.8% from the same period last year, reaching 22.2 billion yen. The operating profit margin improved from 4.4% in the same period last year to 5.2%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 1,697,688 37,158 42,684 30,277 49.7 62.6 Feb 6, 2024 IFRS
Apr - Dec, 2024 1,835,404 34,556 40,429 27,854 47.2 57.7 Feb 13, 2025 IFRS
Apr - Dec, 2025 1,882,310 70,023 72,217 46,844 82.3 78.5 Feb 5, 2026 IFRS
YoY +2.6% +102.6% +78.6% +68.2% +74.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 1,337,549 44,552 44,596 31,423 55.2 20 Nov 7, 2025 IFRS
Oct - Mar, 2025 New 1,377,549 54,552 54,596 36,423 64.0 20 Feb 5, 2026 IFRS
Revision Rate +3.0% +22.4% +22.4% +15.9% +15.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 2,560,000 80,000 82,000 56,000 98.4 40 May 14, 2025 IFRS
Mar, 2026 New 2,600,000 90,000 92,000 61,000 107.2 40 Feb 5, 2026 IFRS
Revision Rate +1.6% +12.5% +12.2% +8.9% +8.9%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 1,325,288 57,020 56,900 36,441 62.3 19 May 14, 2025 IFRS
Oct - Mar, 2025 Guidance 1,377,549 54,552 54,596 36,423 64.0 20 Feb 5, 2026 IFRS
YoY +3.9% -4.3% -4.0% 0.0% +2.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,348,987 62,023 68,202 44,176 72.6 36 May 7, 2024 IFRS
Mar, 2025 2,527,876 63,829 70,067 45,709 78.1 38 May 14, 2025 IFRS
Mar, 2026 Guidance 2,600,000 90,000 92,000 61,000 107.2 40 Feb 5, 2026 IFRS
YoY +2.9% +41.0% +31.3% +33.5% +37.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 632,816 27,747 27,262 18,586 31.5 4.4 Feb 13, 2025 IFRS
Jan - Mar, 2025 692,472 29,273 29,638 17,855 30.5 4.2 May 14, 2025 IFRS
Apr - Jun, 2025 580,798 12,642 14,815 9,655 17.0 2.2 Aug 7, 2025 IFRS
Jul - Sep, 2025 641,653 22,806 22,589 14,922 26.2 3.6 Nov 7, 2025 IFRS
Oct - Dec, 2025 659,859 34,575 34,813 22,267 39.1 5.2 Feb 5, 2026 IFRS
YoY +4.3% +24.6% +27.7% +19.8% +24.3%

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