Ricoh 1998 Annual Report Download - page 23

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21
Income before Income Taxes
Income before income taxes, minority interests and equity in earnings of
affiliates rose 2.3%, to ¥68.4 billion ($518 million). Net financial expenses
were down 8.5%, to ¥6.3 billion ($48 million). Foreign exchange losses
totaled ¥3.7 billion ($28 million), compared with ¥1.3 billion in exchange
gains in fiscal 1997. The other expense included an impairment loss on
goodwill, mainly in the United States, which was ¥5.0 billion ($38
million).
Net Income
Net income advanced 4.2%, to ¥30.1 billion ($228 million).
Total provision for taxes was up 0.9%, to ¥40.2 billion ($305 million).
The deferred portion included an increase of ¥1.4 billion, owing to a
change in the tax rate in Japan.
The basic and diluted earnings per share of common stock were
¥44.97 ($0.34) and ¥41.35 ($0.31), respectively.
Parent company cash dividends per share of common stock were
¥11.00 ($0.08). This figure is consistent with management’s commitment
to stable shareholder returns. The previous year’s result was ¥1.00 higher
because of a special pledge made to holders of 1.5% convertible bonds,
due in 2002.
Segment Information
S
ALES BY
P
RODUCT
L
INE
1. Office Equipment
Copiers and Related Supplies
Sales in this segment gained 7.6%, to ¥891.0 billion ($6,750 million).
Sales of digital copiers overseas under the Aficio brand contributed signif-
icantly to this result. As in the previous term, this area accounted for
63.5% of net sales.
Communications and Information Systems
Here, sales grew 4.6%, to ¥322.4 billion ($2,443 million). This was
because of higher domestic sales of system solution packages of
computers, printers, and other equipment and software, as well as
increased sales overseas of computer-connective fax machines. This
segment accounted for 23.0% of net sales, down 0.4 percentage point.
2. Other Businesses
Sales in this category expanded 5.9%, to ¥189.9 billion ($1,438 million).
The gain was due mainly to brisk sales of digital cameras and CD-R and
CD-RW drives and media. Other businesses represented 13.5% of net
sales, down 0.1 percentage point.
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19981997199619951994 0
2
4
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19981997199619951994
COMMON STOCK PRICE RANGESHAREHOLDERS’ INVESTMENT AND RETURN ON
SHAREHOLDERS’ INVESTMENT
475.0
422.9
401.5
377.8
349.9
2.7
5.1
5.6
7.0 6.7
1994 1995 1996 1997 1998
(Billions of Yen, %) (Yen)