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Ricoh Leasing raises full-year dividend, releases fiscal 2020 guidance

Ricoh Leasing Co. Ltd. raised its dividend for the fiscal full year ended March 31 and expects a 0.5% year-over-year increase in net income for the fiscal year ending March 31, 2020.

The company declared a total dividend of ¥80 per share for the fiscal year, up from ¥70 per share in the prior-year period, according to a May 9 presentation.

Ricoh Leasing said its full-year net income forecast for the year ending March 2020 is ¥12 billion, or ¥382.60 per share. Ordinary profit is expected at ¥17.40 billion. It expects to pay a dividend of ¥90 per share in fiscal 2020.

The company had reported net income of ¥11.90 billion, or ¥384.41 per share, for the fiscal year ended March. Ordinary profit came in at ¥17.30 billion.

As of May 9, US$1 was equivalent to ¥109.52.