Ricoh Sees Profits Slide in Fiscal Year, Issues Gloomy Outlook for Next Year

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On April 28, Ricoh announced its financial results for the fourth quarter and fiscal year ended on March 31, 2016. The company’s fourth quarter was much weaker than Ricoh had anticipated. As a result, while Ricoh delivered modest revenue growth for the year, full-year operating and net profit shrank. Over the course of the year,

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