On June 5, Ricoh released a partial revision of its financial results for its fiscal year ended March 31, 2018, which the company had announced on April 27 (see “Ricoh Wraps Up Year with Biggest Net Loss in Company History”). While Ricoh’s net sales grew modestly in the year just ended, the company posted big
At the end of April and throughout May, printer and copier OEMs reported quarterly financial results for the three-month period ended on March 31, 2018. For all the Japanese OEMs, except Canon, this period was the fourth quarter and the end of their fiscal years. For Canon and Xerox, this period was the first quarter
On May 29, HP Inc. announced its financial results for the second quarter of 2018, ended on April 30. It was yet another strong quarter for HP, following the firm’s robust start to the year (see “HP Posts Impressive Q1 2018 Results as Samsung Printer Acquisition Fuels Printing Business”). HP achieved double-digit revenue growth for
On May 18, 2018, Fujifilm Holdings reported financial results for the fourth quarter and full fiscal year ended on March 31, 2018. For the year ended in March 2018, Fujifilm reported revenue growth, but a big decline in operating income. Net income was up for the year. Just as Xerox’s Q1 results were overshadowed by
Japanese conglomerate Toshiba Corporation reported this week that the company is back in the black after four years, and newly installed CEO Nobuki Kurumatani told reporters May 15, “At last, we can stand at the starting line.” Mr. Kurumatani, a former banker, took over as chief executive officer of Toshiba in April (see “Toshiba Hires
On May 14, Konica Minolta closed the books on a better-than-expected fiscal 2017. Company revenue and both operating and net profits grew, and the firm’s results exceeded its forecast. The company’s fiscal 2016 was disappointing (see “Konica Minolta Posts Revenue and Profit Declines, Misses Forecast in FY 2016”). Both revenue and profits declined, and the
On May 9, Toshiba Tec reported its financial results for fiscal 2017, which ended on March 31, 2018. The company closed the books on a strong year in which net sales grew modestly but profits soared. Toshiba Tec proudly reported that its net income for the year was the highest in the company’s history and
On May 9, Brother Industries, Ltd. reported its financial results for the fourth quarter and full fiscal year 2017 ended on March 31, 2018. While some Japanese OEMs have been reporting mixed results in the year just ended, Brother joins Canon, which announced its year-end results in January (see “Canon Reports Turnaround in FY 2017
On May 8, OKI Electric Industry Co., Ltd. reported its financial results for the fourth quarter and full fiscal year ended on March 31, 2018. Overall, it was a much better year for OKI than the previous one. In the fiscal year ended in March 2017, OKI’s net sales fell nearly 8 percent, operating income
On May 3, Xerox Corporation announced its financial results for the first quarter of 2018, ended on March 31. Xerox’s financial results announcement has been overshadowed, once again, by drama surrounding the firm’s plans to find a buyer. When Xerox announced its fourth quarter and fiscal 2017 results on January 31 (see “Xerox Delivers Better-Than-Expected
