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Ricoh fiscal Q3 profit falls YOY

Ricoh Company Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was ¥22.14 per share, a decline from ¥22.94 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.05 billion, a decrease from ¥16.63 billion in the year-earlier period.

The normalized profit margin declined to 2.9% from 3.0% in the year-earlier period.

Total revenue fell year over year to ¥548.68 billion from ¥557.03 billion, and total operating expenses declined from the prior-year period to ¥519.34 billion from ¥526.81 billion.

Reported net income decreased 8.2% year over year to ¥16.87 billion, or ¥23.28 per share, from ¥18.37 billion, or ¥25.34 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.