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Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholders 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,
2006 and 2007, 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, 2007, 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, 2006 and 2007, and the results of their operations and their cash flows for each of the years in the
three-year period ended March 31, 2007, in conformity with U.S. generally accepted accounting principles.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the effectiveness of Ricoh
Company, Ltd. and subsidiaries’ internal control over financial reporting as of March 31, 2007, based on criteria established in Internal Control—
Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our report dated June 29,
2007 expressed an unqualified opinion on management’s assessment of, and the effective operation of, internal control over financial reporting.
As described in note 2 to the consolidated financial statements, the Company changed its method of quantifying errors in 2006 in accordance with
Securities and Exchange Commission Staff Accounting Bulletin No.108, Considering the Effects of Prior Year Misstatements when Quantifying
Misstatements in Current Year Financial Statements.
The accompanying consolidated financial statements as of and for the year ended March 31, 2007 have been translated into United States dollars
solely for the convenience of the reader. We have audited 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
June 29, 2007
65 ANNUAL REPORT 2007