Ricoh Announces a Net Loss for the Year, Expects Recovery in Year Ahead
Ricoh has reported its first full-year net loss in decades
On April 26, Ricoh announced its financial results for the fourth quarter and the fiscal year ended on March 31, 2012. As those who have been following Ricoh’s travails over the past year might expect, the firm’s results were less than stellar. Ricoh posted a revenue decline, a bigger operating loss than in the year prior, and a net loss for the year. According to a Wall Street Journal MarketWatch article, this was Ricoh’s first full-year net loss since the company was listed—and the firm’s stock was first listed on the Tokyo and Osaka Stock Exchanges in 1961.
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Tags: business realignment, disaster and recovery, featured, financial results, Ricoh, workforce reduction