Ricoh 2004 Annual Report Download - page 56

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55
Report of Independent Registered Public Accounting Firm
To the Shareholders and the Board of Directors
of Ricoh Company, Ltd.:
We have audited the accompanying consolidated balance sheets of Ricoh Company, Ltd. (a Japanese
corporation) and subsidiaries as of March 31, 2003 and 2004, and the related consolidated statements of
income, shareholders’ investment and cash flows for each of the years in the three-year period ended March 31,
2004, expressed in yen. These consolidated financial statements are the responsibility of the Company’s
management. Our responsibility is to express an opinion on these consolidated financial statements based on
our audits.
We conducted our audits in accordance with the Standards of the Public Company Accounting Oversight Board
(United States). Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as evaluating
the overall financial statement presentation. We believe that our audits provide a reasonable basis for our
opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects,
the financial position of Ricoh Company, Ltd. and subsidiaries as of March 31, 2003 and 2004, and the results
of their operations and their cash flows for each of the years in the three-year period ended March 31, 2004, in
conformity with accounting principles generally accepted in the United States of America.
As discussed in Notes 2 and 5 to the consolidated financial statements, the Company and its subsidiaries
changed their accounting policy with respect to the recognition of unrealized gains and losses as realized in the
statements of income on transfers of marketable equity securities to its employee retirement benefit trust.
As discussed in Note 2 to the consolidated financial statements, the Company and its subsidiaries adopted the
provisions of Statement of Financial Accounting Standards No. 142, “Goodwill and Other Intangible Assets,”
effective April 1, 2002, and the provisions of Statement of Financial Accounting Standards No. 133, “Accounting
for Derivative Instruments and Hedging Activities,” effective April 1, 2001.
The accompanying consolidated financial statements as of and for the year ended March 31, 2004 have been
translated into United States dollars solely for the convenience of the reader. We have recomputed the
translation and, in our opinion, the consolidated financial statements, expressed in yen, have been translated
into dollars on the basis set forth in Note 2 to the consolidated financial statements.
Tokyo, Japan
April 28, 2004