Ricoh Reports Strong Sales Growth but Hefty Profit Declines in FY 2023


On May 7, Ricoh Company, Ltd. announced its financial results for the fourth quarter and fiscal-year 2023, which ended on March 31, 2024. The company’s performance was mixed. Net sales improved in both periods, but operating and net profit sank by double-digits. That’s particularly disappointing given that Ricoh no longer had the excuse of severe

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