Ricoh 2011 Annual Report Download - page 17

Download and view the complete annual report

Please find page 17 of the 2011 Ricoh annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 38

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38

ANNUAL REPORT 2011 16
Under the 17th MTP, we aim to achieve the largest net sales and
operating income in the fiscal year ending March 2014, which is
the final year of the 17th MTP. We aim to achieve net sales of at
least 2,400 billion yen not only by keeping the top share in the
existing business, but also by expanding the production printing
business and service business, enhancing business in emerging
markets, and expanding new business areas. Of that amount, about
200 billion yen will be gained from the expansion of new business
areas. As for operating income, we will earn at least 210 billion yen
by implementing measures for restructuring and also realize an
operating margin of at least 8.8%. Moreover by achieving record-
high results, we will increase ROE to 10% or higher.
By implementing the 17th MTP, the Ricoh Group will transform
itself into an organization that has muscle to thrive in the midst of
global competition.
We have been paying dividends steadily to shareholders despite
the difficulties, and during the 17th MTP period we plan to increase
the amount of payment and also to purchase treasury stocks as
appropriate, in order to increase our corporate value by achieving
further growth.
Finally, I want to introduce the slogan that I have been privately
upholding as a manager: “Never give up until you win.” I ask for
your continued support for the Ricoh Group.
What numerical targets have you set
for the 17th MTP?
Lastly, what is your message to
shareholders and investors?
Q17
Q18
Numerical Targets for the 17th MTP
2011 (FY)2007 2009 20102008
(Yen)
■ Dividend per share (declared)
40
30
20
10
0
28.0
33.0
33.0
33.0
33.0
2.4 trillion (or more)
210 billion (or more)
8.8% (or more)
10.0% (or more)
+ 200 billion yen
(total of FY 2011 through FY 2013)
around 30%
Net sales
Operating income
Operating income ratio
ROE
FCF (free cash flow)
Total return ratio (dividends & stock buy-back)
■ The 17th Mid-Term Management Plan (MTP) Targets
(FY2013, Group consolidated)
*exchange rate set based on the 17th MTP; $=¥85.00: euro=¥120.00
45678
2007
9101112 43215678
2008
9101112 43215678
2009
9101112 43213215678
2010 2011
9101112
Common stock price
(Yen)
0
500
1,000
1,500
2,000
2,500
3,000
3,500