Earlier this year, Densi Corporation filed for bankruptcy. The Saint-Bruno-de-Montarville, Quebec-based company is a distributor of aftermarket imaging supplies, including toner, ink, parts, and finished cartridges for copiers/MFPs and printers. Densi’s bankruptcy is yet another sign of how tough conditions are the aftermarket supplies industry in North America, which is coping with overcapacity, declining demand
On May 12, Toshiba Tec announced its financial results for fiscal 2016, which ended on March 31, 2017. For Toshiba Tec, it was a year in which the company focused on returning to profitability. Sales were down, but operating profit soared and the company’s huge net losses of fiscal 2015 turned into a net profit.
On May 12, OKI Electric Industry Co., Ltd. announced its financial results for the fourth quarter and full fiscal year ended on March 31, 2017. It was a challenging year for OKI. Unlike some of its competitors, OKI’s Printers business isn’t its biggest business, but unfortunately OKI’s biggest segment, Information and Communication Technology (ICT), had
On May 11, Konica Minolta announced its financial results for the fourth quarter and full-year 2016, which ended on March 31, 2017. It has been a tough year for most Japanese OEMs due to the yen’s appreciation, and Konica Minolta is no exception. Company revenue and profits declined in 2016. This brought to an end
On May 9, the European remanufacturer Turbon AG announced its financial results for fiscal 2016, ended on December 31, 2016. Every single quarter this year Turbon’s results have fallen short of its forecasts, with its U.S. business being a particular area of weakness (see “Turbon Gets Off to Rocky Start in Q1 as U.S. Business
On May 9, Brother Industries, Ltd. reported its financial results for the fourth quarter of fiscal 2016 as well as the full fiscal year, which ended on March 31, 2017. Brother’s fourth quarter was stronger than it had expected. The company posted modest revenue growth and a strong uptick in profits. However, for the full
On April 29, Apex Technology reported financial results for both fiscal 2016 and the first quarter of 2017. These results provide our first look at how the Chinese aftermarket consumable and component maker is performing following its acquisition of Lexmark in November 2016 (see “It’s a Done Deal: Apex Has Acquired Lexmark”). In early April,
On April 28, Ricoh Company announced its financial results for the fourth quarter and fiscal year ended on March 31, 2017. Ricoh stated that its full-year results exceeded its latest forecast for net sales, operating profit, and net income. That said, Ricoh had lowered its outlook for operating profit and net income just a couple
On April 28, Seiko Epson announced its financial results for the fourth quarter and the full fiscal-year 2016, which ended on March 31, 2017. Fiscal 2016 proved to be a tough year for Epson. Compared with the previous year, Epson’s revenue shrank and business profit fell significantly, although the firm was able to post some
On April 26, Canon Inc. announced its financial results for the first quarter of 2017. After many glum quarters, Canon finally had something to crow about. The first quarter of 2017 marked the first quarter since the fourth quarter of 2014 that Canon could report across-the-board year-over-year increases in revenue, operating profit, and net income.