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


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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