Forgot Password
Pentax Camera Forums Home
 

Reply
Show Printable Version Search this Thread
03-23-2018, 12:15 PM   #1
Banned




Join Date: Jan 2009
Photos: Gallery
Posts: 9,675
Ricoh impairment loss as North American business slumps

Today there is new news from Ricoh. They have an impairment on the North American business that led's the whole company into a loss over the running fiscal year ending next week.

Japan's Ricoh to book $1.72bn impairment loss as North American business slumps- Nikkei Asian Review


Last edited by BigMackCam; 03-23-2018 at 12:20 PM.
03-23-2018, 12:20 PM   #2
Digitiser of Film
Loyal Site Supporter
BigMackCam's Avatar

Join Date: Mar 2010
Location: North East of England
Posts: 20,574
Moved to a new thread.
03-23-2018, 12:25 PM   #3
Loyal Site Supporter
Loyal Site Supporter
twilhelm's Avatar

Join Date: Feb 2009
Location: Florida
Photos: Gallery | Albums
Posts: 2,369
That’s not good for the company as a whole. But it’s not surprising, in my line of work, we print about 60% less than we did 8 years ago simply due to digital storage. I’m sure that’s a pretty common trend across the industry.
03-23-2018, 12:28 PM   #4
Site Supporter
Site Supporter
roberrl's Avatar

Join Date: Feb 2010
Location: Oxford, UK
Photos: Gallery
Posts: 343
Could we really be heading for the paperless office we were promised 30 years ago ?

03-23-2018, 12:32 PM - 2 Likes   #5
Pentaxian




Join Date: Apr 2007
Location: Romania
Posts: 15,132
"This adjustment is coming mainly from the amortization caused by our acquisitions in North America. This is a matter of appropriate accounting, and doesn’t have any impact on our cash flow. "
"The assets that we needed to impair are mainly companies we acquired in the past, principally IKON Office Solutions (2008) and mindSHIFT Technologies (2014)."
Dear Stakeholder (Revision to the forecasted consolidated operating results) | Global | Ricoh
http://www.ricoh.com/release/2018/pdf/0323_1.pdf

Not a Pentax news nor rumor.
03-23-2018, 12:35 PM - 1 Like   #6
Digitiser of Film
Loyal Site Supporter
BigMackCam's Avatar

Join Date: Mar 2010
Location: North East of England
Posts: 20,574
QuoteOriginally posted by Kunzite Quote
"This adjustment is coming mainly from the amortization caused by our acquisitions in North America. This is a matter of appropriate accounting, and doesn’t have any impact on our cash flow. "
"The assets that we needed to impair are mainly companies we acquired in the past, principally IKON Office Solutions (2008) and mindSHIFT Technologies (2014)."

Not a Pentax news nor rumor.
Actually, you're quite right - not Ricoh / Pentax photography-related news... moved to "General Talk"
03-23-2018, 12:36 PM - 3 Likes   #7
Loyal Site Supporter
Loyal Site Supporter
monochrome's Avatar

Join Date: Mar 2008
Location: Working From Home
Photos: Gallery | Albums
Posts: 26,276
All the usual suspects are dancing with joy.

03-23-2018, 12:40 PM - 2 Likes   #8
Pentaxian




Join Date: Apr 2007
Location: Romania
Posts: 15,132
I can't wait for the "they must go mirrorless or they're dead!".
03-23-2018, 01:33 PM - 1 Like   #9
Loyal Site Supporter
Loyal Site Supporter
twilhelm's Avatar

Join Date: Feb 2009
Location: Florida
Photos: Gallery | Albums
Posts: 2,369
QuoteOriginally posted by Kunzite Quote
I can't wait for the "they must go mirrorless or they're dead!".
And here I was thinking if Ricoh didn’t start making consumer grade photo printers, they would die...
04-10-2018, 10:28 AM - 1 Like   #10
Pentaxian




Join Date: Apr 2007
Location: Romania
Posts: 15,132
By the way, some details about this impairment loss thing:
http://www.ricoh.com/IR/events/2018/pdf/disclose.pdf
04-10-2018, 11:12 AM   #11
Site Supporter
Site Supporter
RGlasel's Avatar

Join Date: Sep 2013
Location: Saskatoon
Photos: Gallery | Albums
Posts: 3,225
QuoteOriginally posted by Kunzite Quote
By the way, some details
Who knew Ricoh had shares in Coca-Cola's Japanese bottler? This is a good example (I'm referring to the impairment/instant 100% depreciation for the North American photocopier and office IT services divisions) of the perils facing diversified global corporations, the corporation ends up harming its overall business by making strategic acquisitions to anticipate future areas of growth when it can't keep up with changes in its current businesses. Ricoh's ace in the hole may turn out to be the industrial/specialty printer business, which is already generating both steady growth and consistent profitability, which can't be said for Smartvision.
04-10-2018, 11:53 AM   #12
Pentaxian




Join Date: Apr 2007
Location: Romania
Posts: 15,132
SmartVision is not a core segment, and it's not expected from it to support Ricoh's development. But it is Ricoh's presence in consumer imaging... it seems to play a strategic role, to a lesser degree.
Reply

Bookmarks
  • Submit Thread to Facebook Facebook
  • Submit Thread to Twitter Twitter
  • Submit Thread to Digg Digg
Thread Tools Search this Thread
Search this Thread:

Advanced Search


Similar Threads
Thread Thread Starter Forum Replies Last Post
Any difference between North American & Japanese versions? GregL65 Pentax K-5 & K-5 II 4 07-29-2015 11:33 PM
North American Landscape Photo Contest *Fujifilm* Clicker General Photography 5 02-20-2015 07:12 PM
the photography business and the american dream interested_observer Photographic Technique 14 05-20-2011 01:44 PM
North American headquarters in CO - is there a store? YossarianKL Photographic Technique 3 04-19-2010 04:37 AM
North American Auto Show Suggestions Slick Pentax DSLR Discussion 2 01-03-2008 06:04 AM



All times are GMT -7. The time now is 12:10 AM. | See also: NikonForums.com, CanonForums.com part of our network of photo forums!
  • Red (Default)
  • Green
  • Gray
  • Dark
  • Dark Yellow
  • Dark Blue
  • Old Red
  • Old Green
  • Old Gray
  • Dial-Up Style
Hello! It's great to see you back on the forum! Have you considered joining the community?
register
Creating a FREE ACCOUNT takes under a minute, removes ads, and lets you post! [Dismiss]
Top