Ricoh 2001 Annual Report Download - page 6

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C o m m o n S t o c k P r ic e R a n g e
( Yen)
primarily because of increases in strategic investments for new products and sem iconductor
operations.
Operating and investing activities delivered a free cash flow of ¥40.0 billion ( $317 million) ,
down 62.7%. This was m ore than enough, as we dram atically lowered our repayments of long-
term indebtedness.
Net cash used in financing activities dropped 27.1%, to ¥88.4 billion ( $701 m illion) , reflect-
ing the increased long-term debt repaym ents.
As a result of these factors, cash and cash equivalents at year-end were ¥64.5 billion ( $512
million) , a reduction of ¥47.4 billion, or 42.4%.
H ig h M a r k e t C a p
Despite generally poor Japanese stock prices, exacerbated by collapses of m any high-tech issues,
we maintained a high market capitalization in fiscal 2001. Our share price peaked at ¥2,495
( $19.80) during the year. While down from the ¥2,525 high of fiscal 2000, the price has
reached a new record since the close of fiscal 2001.
M a n a g e m e n t D r iv e
Customer satisfaction rem ains at the heart of our drive to build corporate value. That is why we
were especially pleased that J.D. Power Asia Pacific, Inc., placed us first in fiscal 2001 in its
rankings of customer satisfaction am ong Japanese copier makers. It was our sixth straight year
at the top.
We have restructured far more than most Japanese companies over the past decade or so. It
has often been a painful process, but the rewards have accrued, as our operational and finan-
cial achievem ents have dem onstrated. We have performed particularly well in recent years. But
this is no time for complacency. Indeed, it is the perfect opportunity to capitalize on our solid
situation. We are thus continuing to push ahead with restructuring.
TOOU R SH A R E H O L D E R S A N D CU S T O M E R S