[Uluru]

For those interested in balance sheets and in wider picture of Ricoh's business model, which includes cameras among many others, take a look at this presentation.

Ricoh Co., Ltd. Consolidated Results for the year ended March 31, 2013

Ricoh had several, rather large strategic purchases during the last several years that were intended to strengthen the company globally in the long term. They have incurred restructuring costs. However, restructuring in reality means gaining much more efficiency.

You will notice lots of operational and restructuring / integrating costs in fiscal 2011 and fiscal 2012 (Pentax is one of them), which are already disappearing and about to disappear completely in the next Japanese fiscal year (March 2013 – March 2014).

Despite that, despite slow economy in Japan and roughing economy worldwide, they fare rather well.

[Uluru]

Ricoh's CEO summary words about cameras and optics part of Ricoh, in brief:

"Everything is growing well in these areas […] K30, K5II, Q10 are unique offer and doing well … Q10 being a market leader in Q3 2012 […] However, these products are still weak, so in fiscal 2013 we plan to further to strengthen this area so as it will make substantial contribution to our business results. […] This net income drop in Q4 2012 is affected by sorting out our legacies, thus Pentax Ricoh Imaging itself have grown to a successful level. In this period some clean-ups of the past legacies and related activities were booked in structure reform cost. So I strong believe that this area of business will make contribution in fiscal 2013.
In April Pentax Ricoh developed GR, hi end compact, which is very well received. Some low end products were developed by other companies, and they will make a good range of offer."