Not long ago, Ricoh Imaging published their Q1 2016 financial results (if anyone is wondering, the fiscal year 2016 starts on April 1st, 2015 and ends on March 31, 2016. Don't ask me why).
FY2016 1st Quarter Financial Announcement | Global | Ricoh
We could see lots of incomprehensible numbers, and a worryingly drop in the Other division - where Ricoh Imaging belongs.
However, today they also published the translated presentation, which has additional details. Interesting additional details. It's also a reminder that Others does not mean only 'cameras', despite that small footnote which incorrectly is suggesting otherwise.
The speaker was Mr. Daisuke Segawa, Corporate Senior Vice President of Ricoh.
+ the sales decline was mainly caused by the transfer of the San-Ai business.
+ even so, operating profit improved significantly compared to Q1 2015
+ they made a loss in Q4 2015 due to writing down camera inventory (which is now completed and will no longer have an impact) and also due to costs associated with the transfer of the San-Ai business.
+ talking about cameras, Mr. Segawa mentioned the focus on high value added high end models and unique products like the Theta which "are selling very well today" and are contributing to profits. "We have been able to see improvements in the numbers", said Mr. Segawa.