Ricoh Reports Loss for Fiscal Year

Ricoh, Japan released its financial reports for fiscal year March 2012. The company reported the following:
Net loss of Y44.6 billion compared to a profit of Y19.6 billion the year prior.
Operating loss was Y18.1 billion compared to Y58 billion the year prior.
Revenue of Y1.90 trillion compared to Y1.94 trillion the year prior.
Ricoh is planning to spend Y11 billion to help boost toner production in its Tohoku Ricoh facility. Last year, Ricoh purchased the Pentax digital camera division from Hoya Corp for Y10 billion. The company is forecasting a net profit of Y33 billion for fiscal year March 2013.
-based on an article by Paul Baylis, MarketWatch - Stock Market Quotes, Business News, Financial News, 04/26/12