Ricoh Reports Q1 2020 Sales Decline and Operating and Net Losses Due to COVID-19

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On August 4, Ricoh Company announced its financial results for the first quarter of fiscal 2020. While Ricoh’s Q4 2019 and FY 2019 results were negatively affected by the coronavirus (COVID-19) pandemic (see “Ricoh Posts FY 2019 Declines and Issues No Outlook for FY 2020 Due to COVID-19”), the impact was far worse in Q1

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