Originally posted by AfterPentax The problems with Covid-19 will reflect more on Q1 2020 and later. The financial year ended close to the beginning of the problems with Covid-19 so do not influence the results heavily yet. (...)
Indeed the impact of Covid-19 will be much heavier on the April-June quarter than on the January-March quarter, however Ricoh did better during January-March than their competitors:
Ricoh:
Consolidated sales:
-0.7% YoY
Consolidated operating income:
+25.7% YoY
Canon:
Consolidated sales:
-9.5% YoY
Consolidated operating income:
-18.7% YoY
Sony, Panasonic, Fujifilm, Nikon and Olympus are still to publish their results: they postponed their publication because of Covid-19. Ricoh published them on time without postponement.