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Ricoh’s Q1 Sales and Profit Sink, Forecast Slashed on Strong Yen and Trouble in India

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On August 5, Ricoh announced its financial results for the fiscal first quarter, ended on June 30. It was not a strong quarter for the company, as sales were down year-over-year and operating and net income declined dramatically. In the fiscal year that ended in March 2016, Ricoh’s net sales grew modestly, but profits decreased,

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