Ricoh 2010 Annual Report Download - page 15

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ANNUAL REPORT 2010 14
To Our Shareholders
and Customers
Corporate Social
Responsibility
Financial
Section
Fiscal 2010 Highlights
and Progress of MTP
RICOH NOW
Please brief us on the medium-term management targets.
The dramatically changing economic landscape, the trend in foreign exchange rates, and other factors affecting
our business regrettably indicate that it will be quite difficult to meet our targets for the 16th MTP by the original
deadline of the end of fiscal 2011.
This does not mean any change in the direction we are heading in, however, and the Ricoh Group will aim at
these targets—operating margin of 10%, ROE of 12%, and the contribution of new businesses to the total sales
of 25%—in the medium term.
Now is the moment of truth for Ricoh as a growing global brand. That said, gaining global recognition of the
Ricoh brand itself is not the ultimate goal. Together with brand recognition in the global market, I want us to gain
an excellent reputation for the quality of our offerings and our management system.
My ambition is to lead the Ricoh Group to become a corporation that collectively strives to achieve superb
quality as the hallmark of a globally recognized excellent company, and provides opportunities for its employees
to develop their career paths in a global field.
The difficult business climate is anticipated to persist at least for the near future, although the economy has
started to show signs of a slight recovery. We at the Ricoh Group are determined to weather the storm and beat
the competition, as I always like to say: “Never give up until you win.”
Our policy to pay dividends as consistently as possible and to maintain our medium- and long-term target
payout ratio of 30% also remains unchanged. Together with such a dividend policy, the Ricoh Group will
continuously strive for greater corporate value, aiming to achieve its targets primarily through business growth.
Q6
In closing, is there a message you would like to deliver to your
shareholders and investors?
Q7
Progress of MTP