Ricoh’s half-year profit surges 165% as digital services drive growth

Ricoh Company reported a substantial increase in profit attributable to owners of the parent for the half-year ended September 30, 2025, reaching JPY 24.5 bn, a 165.2% rise compared to the previous corresponding period. Sales also saw a 1.7% increase to JPY 1,222.4 bn, driven by growth in digital services and digital products, which grew by 1.8% and 24.6% respectively.

Operating profit surged by 420.6% to JPY 35.4 bn. Despite a -0.8% decrease in gross profit, this was offset by a 7.5% reduction in selling, general, and administrative expenses. The company maintained its full-year forecast for sales and profit, anticipating JPY 2,560.0 bn in sales and JPY 56.0 bn in profit attributable to owners of the parent for the fiscal year ending March 31, 2026.

Key factors influencing performance include strong domestic sales, contributions from ETRIA to Toshiba Tec, and growth in IT services, despite challenges like US tariff policies, yen appreciation affecting overseas sales, and economic stagnation in China. Ricoh's cash and cash equivalents stood at JPY 166.2 bn at period-end, with total assets increasing by JPY 46.1 bn to JPY 2,403.2 bn.