*NEWS*RICOH:CLAIMS 41% PROFIT NEXT 2 YRS

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*NEWS*RICOH:CLAIMS 41% PROFIT NEXT 2 YRS

 user 2006-03-24 at 11:26:00 am Views: 60
  • #14892

    Ricoh Repeats 137 Bln Yen Profit Forecast in 2 Years
    March
    06 — Ricoh Co., the world’s third-largest copier maker, reiterated
    profit will rise about 41 percent in the next two years to 137 billion
    yen ($1.2 billion), helped by sales of color models.
    The net income
    forecast for the fiscal year ending March 2008 compares with a 97
    billion yen estimate for this business year, and a 83.1 billion yen
    profit reported a year earlier. The Tokyo-based company made the
    forecast as part of its mid-term plan today.
    Ricoh, set for a 12th
    year of sales growth, is trying to introduce more profitable color
    models to combat increased competition from rivals such as Canon Inc.
    and Xerox Corp. The company is spending more to develop more models
    that copy, fax and scan to spur demand of consumables such as paper and
    toner.