Ricoh posts 55% gain in First Quarter’s Net Profit

Ricoh Co. announced that it had generated a 55% gain in the company’s net profit for the First Quarter, raising it to 10.1 billion yen, with total revenue of 521.7 billion yen, also up by 14%. The company’s sales in foreign markets rose by 25% to 303.9 billion yen, accounting for 58.3% of the company’s total sales. The gain in overseas sales was also helped by the weaker yen, which also helped boost the operational profit by 34%, to 19 billion yen. The company set its target in sales at 2.13 trillion yen (up by 11%), an operational profit of 140 billion yen (up by 120%), and a net profit of 135 billion yen (up by 132.1%), for the Financial Year 2013-14.