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03-23-2018, 12:15 PM   #1
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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
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Moved to a new thread.
03-23-2018, 12:25 PM   #3
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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
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Could we really be heading for the paperless office we were promised 30 years ago ?

03-23-2018, 12:32 PM - 2 Likes   #5
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"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
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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 doesnít 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
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All the usual suspects are dancing with joy.
03-23-2018, 12:40 PM - 2 Likes   #8
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I can't wait for the "they must go mirrorless or they're dead!".

03-23-2018, 01:33 PM - 1 Like   #9
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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 didnít start making consumer grade photo printers, they would die...
04-10-2018, 10:28 AM - 1 Like   #10
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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
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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
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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.
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