Interim report
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1 Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. August 3, 2026 QUARTERLY REPORT First Quarter ended June 30, 2026 (Results for the Period from April 1, 2026 to June 30, 2026) Performance Outline (Consolidated) (Billions of yen) Three months ended June 30, 2025 Results Three months ended June 30, 2026 Results Change Year ending March 31, 2027 Forecast Change Domestic sales 224.6 234.6 4.5％ 1,063.0 1.1％ Overseas sales 356.1 395.1 10.9％ 1,637.0 5.2％ Sales 580.7 629.8 8.4％ 2,700.0 3.5％ Gross profit 207.3 237.5 14.6％ 920.0 3.5％ Operating profit (loss) 12.6 47.7 277.8％ 95.0 4.7％ Profit (loss) before income tax expenses 14.8 47.4 220.5％ 95.0 3.0％ Profit (loss) attributable to owners of the parent 9.6 37.0 284.1％ 62.0 11.4％ Exchange rate (Yen/US$) 144.54 159.45 14.91 152.36 1.57 Exchange rate (Yen/EURO) 163.87 185.34 21.47 177.59 2.78 Earnings per share attributable to owners of the parent-basic (yen) 16.96 65.30 48.34 111.04 13.24 Earnings per share attributable to owners of the parent-diluted (yen) 16.94 65.20 48.26 110.84 13.18 Cash flows from operating activities 22.6 59.8 37.2 － － Cash flows from investing activities (15.8) (9.0) 6.8 － － Cash flows from financing activities (41.5) (28.6) 12.9 － － Cash and cash equivalents at end of period *1 146.2 213.3 67.1 － － Capital expenditures *2 9.7 9.4 (0.2) 60.0 11.1 Depreciation *2 10.7 10.5 (0.2) 45.0 0.0 R&D expenditures 19.0 19.6 0.6 80.0 2.5 March 31, 2026 June 30, 2026 Change Total assets 2,540.1 2,544.2 4.1 Equity attributable to owners of the parent 1,156.1 1,179.1 22.9 Interest-bearing debt *3 432.1 437.8 5.7 Equity attributable to owners of the parent ratio (%) 45.5 46.3 0.8 Equity per share attributable to owners of the parent (yen) 2,031.06 2,087.63 56.57 *1 The amounts shown as “cash and cash equivalents at end of the period” are shown on the condensed consolidated statement of cash flows. *2 The amounts presented in capital expenditures and depreciation are for property, plant and equipment. *3 The amounts are shown bonds and borrowings. Ricoh Company, Ltd. * The result forecasts and forward-looking statements included in this document are based on information available to the Company as at the date of submission of this quarterly report and certain assumptions that the Company considers reasonable. The Company makes no guarantees with respect to the achievement of its result forecasts or forward -looking statements. Actual results might be significantly different from the forecasts in the document, depending on various factors. For the assumptions for forecast and other related information, please refer to “3. Qualitative Information on Forecasted Consolidated Financial Results” on page 5.
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2 Ricoh Company, Ltd. and its Consolidated Subsidiaries Financial Highlights for the First Quarter Ended June 30, 2026 [Prepared on the basis of International Financial Reporting Standards] 1. Results for the Period from April 1, 2026 to June 30, 2026 (1) Operating Results (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Sales 580,798 629,812 (% change from the previous corresponding period) 1.1 8.4 Operating profit (loss) 12,642 47,762 (% change from the previous corresponding period) 99.7 277.8 Profit (loss) before income tax expenses 14,815 47,481 (% change from the previous corresponding period) 50.5 220.5 Profit (loss) for the period 10,237 37,742 (% change from the previous corresponding period) 37.5 268.7 Profit (loss) attributable to owners of the parent 9,655 37,088 (% change from the previous corresponding period) 23.8 284.1 Comprehensive income (loss) 17,118 42,054 (% change from the previous corresponding period) (69.1) 145.7 Earnings per share attributable to owners of the parent-basic (yen) 16.96 65.30 Earnings per share attributable to owners of the parent-diluted (yen) 16.94 65.20 Notes: Earnings per share attributable to owners of the parent (basic and diluted) are based on profit (loss) attributable to owners of the parent. (2) Financial Position (Millions of yen) March 31, 2026 June 30, 2026 Total assets 2,540,181 2,544,297 Total equity 1,187,463 1,211,708 Equity attributable to owners of the parent 1,156,141 1,179,127 Equity attributable to owners of the parent ratio (%) 45.5 46.3 2. Dividend Information Year ended March 31, 2026 (Actual) Year ending March 31, 2027 (Forecast) Cash dividends, applicable to the year (yen) 40.00 44.00 Interim (yen) 20.00 22.00 Year-end (yen) 20.00 22.00 Notes: Revision of expected dividends during this period: No 3. Forecast of Operating Results from April 1, 2026 to March 31, 2027 (Millions of yen) Year ending March 31, 2027 Sales 2,700,000 (% change from the previous corresponding period) 3.5 Operating profit (loss) 95,000 (% change from the previous corresponding period) 4.7 Profit (loss) before income tax expenses 95,000 (% change from the previous corresponding period) 3.0 Profit (loss) for the period 64,500 (% change from the previous corresponding period) 12.9 Profit (loss) attributable to owners of the parent 62,000 (% change from the previous corresponding period) 11.4 Earnings per share attributable to owners of the parent-basic (yen) 111.04 Notes: Revision of forecast of consolidated operating results during this period: No 4. Others (1) Changes in significant subsidiaries: No New: － (Company name: － ) Exclusion: － (Company name: －) (2) Changes in accounting policies and accounting estimate (i) Changes in accounting policies required by IFRS: Yes (ii) Other changes: No (iii) Changes in accounting estimate: No (3) Number of common stock outstanding (including treasury stock): As of June 30, 2026: 569,733,178 shares; As of March 31, 2026: 569,733,178 shares (4) Number of treasury stock: As of June 30, 2026: 4,916,694 shares; As of March 31, 2026: 501,792 shares (5) Average number of common stock: Three months ended June 30, 2026: 567,938,094 shares; Three months ended June 30, 2025: 569,193,164 shares Notes: The Company has established the Board Incentive Plan trust in which beneficiaries include Directors and Executive Officers. The shares owned by the trust account relating to this trust are accounted for as treasury shares. (As of June 30, 2026: 402,200 shares; As of March 31, 2026: 405,800 shares) * Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: No
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3 Qualitative Information on Consolidated Financial Results for the Quarter under Review 1. Qualitative Information on Consolidated Business Results * Overview of the First Quarter of Fiscal 2026 (April 1 – June 30, 2026) Ricoh (the Company and its affiliates) launched its Mid-Term Management Strategy ’26 (“Mid-Term Strategy ’26”) in April 2026. As a digital services company, the Ricoh Group continues to evolve with the aim of becoming an integrator that contributes to customers’ competitive advantage and differentiation in their workplaces by combining products, services, and software from both Ricoh and third parties. Through these efforts, we will continue to build a business structure capable of delivering sustainable value on a global basis. In the office printing business, we will continue to secure a stable earnings base through initiatives including the expansion of engine share*1 through ETRIA Co., Ltd. (“ETRIA”), leveraging environmentally advanced technologies. In the commercial and industrial printing business, we will maintain stable earnings while creating new growth businesses that help customers reduce costs and address environmental challenges through the utilization of inkjet technologies. In addition, we are further strengthening management with a focus on capital efficiency and aim to enhance corporate value and total shareholder return (TSR) by achieving a level of return on equity (ROE) that continuously exceeds shareholders’ cost of equity. To achieve this goal, we will improve ROIC and secure stable earnings through promoting an asset-light*2 business structure, expanding asset-light businesses, and steadily increasing recurring profit. *1 Engine share: Market share of the core engine units of MFPs and printers manufactured by ETRIA. *2 Asset-light: A management approach that minimizes asset ownership and reduces the financial burden associated with holding assets In the current fiscal year, the first year of Mid-Term Strategy ’26, we will promote initiatives to expand recurring revenue in Workplace Services, including expanding and deepening service contracts with existing customers and increasing high-profit service portfolios and common modules globally. At the same time, we will mitigate cost increases stemming from rising prices of semiconductor memory, petroleum-related materials, and other inputs through pricing measures and reviews of our cost structure. Although inflation-related increases in personnel expenses are also anticipated, we will continue expense control and cost structure reforms to address these impacts. While the business environment remains uncertain, we will continue to respond agilely to changes and transform ourselves into an integrator that contributes to customers’ competitive advantage and differentiation. The global economy maintained a moderate recovery trend overall, supported by robust AI-related investments and digital infrastructure investments, despite uncertainties including heightened tensions in the Middle East, prolonged Russia–Ukraine conflict, and uncertainties surrounding global trade policies. Fluctuations in energy prices resulting from developments in the Middle East and changes in trade policies continue to pose downside risks to the global economy. In Japan, although inflationary pressures and uncertainty regarding overseas economies persisted, private consumption remained resilient due to improvements in employment and income conditions, while corporate earnings generally remained solid, allowing the economy to maintain a moderate recovery trend. In the United States, AI-related investments and data center investments supported economic activity, while uncertainty surrounding trade and monetary policies remained. Personal consumption stayed firm, backed by a favorable employment environment. In Europe, economic recovery continued moderately, supported by easing inflationary pressures and improving financial conditions. In China, economic activity remained weak due to a sluggish real estate market and delayed recovery in personal consumption. During this period, the average exchange rates of Japanese yen against U.S. dollar and Euro were ¥ 159.45 (up ¥14.91 from the previous corresponding period) and ¥185.34 (up ¥21.47 from the previous corresponding period) respectively. Under these circumstances, consolidated sales for the first quarter increased by 8.4% as compared to the previous correspondi ng period (increased by 1.2% excluding the foreign exchange impact) to ¥629.8 billion. While sales in Digital Products declined mainly overseas, sales increased as compared to the previous corresponding period due to growth in Workplace Services and the impact of foreign exch ange fluctuations. By region, in Japan, sales increased mainly in Workplace Services and Digital Products. In Workplace Services, although deman d for PC replacement subsided, sales increased due to continued growth in security-related services and solutions to address legal revisions. In Digital Products, higher hardware sales contributed to the increase. As a result, domestic sales increased by 4.5% as compared to the previous corresponding period. Overseas, in the Americas, sales in Digital Products declined mainly in hardware due to a reactionary decline following the s urge in demand in the previous corresponding period driven by tariff policies. In Workplace Services, workplace experience revenue expanded due to contributions from Presentation Products, Inc. (“PPI”) in the United States and ET Group in Canada, both of which were acquir ed in the previous fiscal year. However, overall Workplace Ser vices sales decreased slightly due to the impact of the divestiture of the managed IT services business in the United States. In addition, in Industrial Solutions, sales increased due to a recovery in demand in the thermal business. As a result, sales in the Americas were unchanged on a real basis compared to the previous corresponding period. However, owi ng partly to the depreciation of the yen, sales increased by 9.8% as compared to the previous corresponding period (decreased by 0. 1% excluding the foreign exchange impact). In Europe, the Middle East and Africa, sales in Workplace Services increased due to synergies with acquired companies despite continued weak market demand. On the other hand, sales in Digital Products and Graphic Communications declined due to the continued cautious investment decisions by customers amid uncertainty in the economic outlook and other factors. As a result, although sales in this region decreased on a real basis, sales increased by 11.5% as compared to the previous corresponding period, partly owing to the depreciation of the yen (a decrease of 1.2% excluding the foreign exchange impact). In other regions, sales increased by 12.8% as compared to the previous corresponding period (a decrease of 1.9% excluding the foreign exchange impact). As a result, overseas sales increased by 10.9% as compared to the previous corresponding period. Excluding the effects of for eign currency fluctuations, overseas sales would have decreased by 0.8% as compared to the previous corresponding period. Gross profit increased by 14.6% as compared to the previous corresponding period, to ¥237.5 billion. Although recurring profit increased mainly in Workplace Services, profitability was adversely affected by lower overseas sales in Digital Products and rising sem iconductor memory prices. On the other hand, gross profit increased due to the recording of refunds related to U.S. tariff measures and the impact of the depreciation of the yen. Selling, general and administrative expenses increased by 6.7% as compared to the previous corresponding period, to ¥210.1 bi llion, mainly due to the impact of the depreciation of the yen. Excluding the one-time expenses associated with core system integration in Europe recorded in the previous corresponding period and foreign exchange effects, expenses were essentially unchanged from the previous corr esponding period.
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4 Other income increased by ¥18.0 billion as compared to the previous corresponding period, to ¥20.3 billion, mainly due to the recording of a gain on the transfer of equity interest in Ricoh Asia Industry (Shenzhen) Ltd. (“RAI-SZ”), a consolidated subsidiary (sub-subsidiary), during the first quarter of the current fiscal year. As a result, operating profit increased by ¥35.1 billion as compared to the previous corresponding period, to ¥47.7 billion. Net financial income and expenses reflected an increase in financial expenses, mainly due to higher foreign exchange losses, as compared to the previous corresponding period. The share of profit of investments accounted for using the equity method decrease d as compared to the previous corresponding period, reflecting lower profits at equity-method affiliates. Profit before income tax expenses increased by ¥32.6 billion as compared to the previous corresponding period, to ¥47.4 billion. Income tax expenses increased by ¥5.1 billion as compared to the previous corresponding period. As a result, profit attributable to owners of the parent increased by ¥27.4 billion as compared to the previous corresponding period, to ¥37.0 billion. Comprehensive income increased to ¥42.0 billion as compared to the previous corresponding period, mainly due to the increase in profit for the period. * Review by Business Segment The business segment classification has been revised from the first quarter of the current fiscal year. For details, please refer to “4. Condensed Quarterly Consolidated Financial Statements and Notes (8) Segment Information” on page 13. Workplace Services Workplace Services sales were ¥252.6 billion and increased by 8.6% as compared to the previous corresponding period (increased by 2.3% excluding the foreign exchange impact). In Japan, although demand for PC replacement subsided, sales increased due to growth in IT services driven by strong demand for security- related solutions, as well as growth in application services supported by increasing demand for solutions addressing legal revisions. In the Americas, workplace experience revenue expanded through contributions from PPI in the United States and ET Group in Canada, both acquired in the previous fiscal year, as well as through expanded business with existing customers. However, overall Workplace Services sales decreased slightly due to the impact of the divestiture of the managed IT services business in the United States. In Europe, the Middle East and Africa, although market demand remained weak, sales increased due to synergies with acquired companies and growth in DocuWare* driven by demand related to regulatory compliance requirements. In addition to higher sales, the decrease in one-time expenses associated with core system integration in Europe that were recorded in the previous corresponding period contributed to improved profitability. As a result, Workplace Services operating profit was ¥0.6 billion and increased by ¥5.8 billion as compared to the previous corresponding period. * DocuWare: A solution for document management and workflow automation Digital Products Digital Products sales were ¥267.8 billion and increased by 6.6% as compared to the previous corresponding period (decreased by 0.6% excluding the foreign exchange impact). In Japan, hardware sales increased due to higher unit sales. In addition, product sales to Oki Electric Industry Co., Ltd., which joined ETRIA in October 2025, also contributed to sales growth. Overseas, sales declined in both hardware and non-hardware. In the Americas, sales were affected by a reactionary decline following the surge in demand in the previous corresponding period driven by U.S. tariff policies. In Europe, the Middle East and Africa, sales also declined due to market conditions, including the impact of developments in the Middle East and intensified price competition. Although profitability was adversely affected by lower overseas sales and rising semiconductor memory prices, the recording of refunds related to U.S. tariff measures and the impact of the depreciation of the yen more than offset these factors. As a result, Digital Products operating profit was ¥26.3 billion and increased by ¥3.1 billion as compared to the previous corresponding period. Graphic Communications Graphic Communications sales were ¥69.7 billion and increased by 7.1% as compared to the previous corresponding period (decreased by 2.6% excluding the foreign exchange impact). In the commercial printing business, non-hardware sales of production printers remained solid. Hardware sales declined, mainly in Europe, reflecting weaker demand amid continued uncertainty in the economic outlook. Operating profit benefited from expense control, the recording of refunds related to U.S. tariff measures, and the impact of the depreciation of the yen. As a result, Graphic Communications operating profit was ¥2.2 billion and increased by ¥3.8 billion as compared to the previous corresponding period. Industrial Solutions Industrial Solutions sales were ¥27.2 billion and increased by 19.9% as compared to the previous corresponding period (increased by 10.1% excluding the foreign exchange impact). In the thermal business, sales increased due to growth in e-commerce-related demand in the Americas. In addition, in Japan and Europe, sales increased as customers accelerated purchases to secure inventories amid concerns over material shortages and rising prices stemming from developments in the Middle East. Continued efforts in cost reduction and pricing control also contributed to improved profitability. As a result, Industrial Solutions operating profit was ¥0.7 billion and increased by ¥0.9 billion as compared to the previous corresponding period. Other Other segment sales were ¥12.2 billion and increased by 39.5% as compared to the previous corresponding period. The camera business continued to perform strongly, driven mainly by the RICOH GR series, resulting in higher sales and profit. As a result, Other segment operating profit was ¥0.3 billion and increased by ¥1.8 billion as compared to the previous corresponding period. Eliminations and Corporate Profit (loss) not attributable to the above segments is recorded in Eliminations and Corporate. Operating profit increased by ¥19.3 billion as compared to the previous corresponding period, mainly due to the recording of a gain on the transfer of equity interest in RAI-SZ, a consolidated subsidiary (sub-subsidiary), during the first quarter of the current fiscal year.
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5 2. Analysis of Consolidated Financial Position *Assets, Liabilities and Equity Total assets increased by ¥4.1 billion from the end of fiscal 2025, to ¥2,544.2 billion. After excluding the foreign exchange impact, total assets decreased by ¥16.9 billion. The quarter-end rates for major currencies were ¥162.39 against the U.S. dollar (up ¥2.51 from the end of the previous fiscal year) and ¥185.35 against the euro (up ¥1.94). In the asset section, cash and cash equivalents increased by ¥26.9 billion from the end of the previous fiscal year. In addition, inventories increased by ¥22.9 billion mainly due to inventory buildup for sales and stockpiling associated with production transfers. Meanwhile, trade and other receivables decreased by ¥49.0 billion following collection of receivables recorded at the end of the previous fiscal year. Total liabilities decreased by ¥20.1 billion from the end of the previous fiscal year, to ¥1,332.5 billion. In the liabilities section, trade and other payables decreased by ¥43.0 billion mainly due to payments of liabilities recorded at the end of the previous fiscal year. Meanwhile, bonds and borrowings increased by ¥5.7 billion in total of current and non-current liabilities. Total equity increased by ¥24.2 billion from the end of the previous fiscal year, to ¥1,211.7 billion. In the equity section, exchange differences on translation of foreign operations increased following the recording of quarterly profit and the depreciation of the yen. On the other hand, retained earnings decreased due to dividend payments, and the Company acquired treasury stock during the period. As a result, equity attributable to owners of the parent increased by ¥22.9 billion from the end of the previous fiscal year, to ¥1,179.1 billion. The equity attributable to owners of the parent ratio increased by 0.8 point from the end of the previous fiscal year to 46.3%. * Cash Flows (Three months from April 1, 2026 to June 30, 2026) Net cash provided by operating activities was ¥59.8 billion, increased by ¥37.2 billion from a year earlier. In addition to a n increase in profit for the period, cash inflows increased mainly because additional retirement benefits under the Second Career Support Program in Japan were paid in the previous corresponding period. Net cash used in investing activities decreased by ¥6.8 billion year -on-year to ¥9.0 billion, mainly due to proceeds from the sale of RAI -SZ during the first quarter of the current fiscal year. Overall, we posted a positive free cash flow (net cash provided by operating activities plus net cash used in investing activities) of ¥50.8 billion, increased by ¥44.0 billion from a year earlier. Net cash used in financing activities decreased by ¥12.9 billion year-on-year to ¥28.6 billion. While debt repayments were made in the previous corresponding period, the Company acquired treasury stock during the first quarter of the current fiscal year. A s a result, cash outflows decreased year-on-year. Cash and cash equivalents at the end of the first quarter thus totaled ¥213.3 billion, increased by ¥19.8 billion from the en d of the previous fiscal year. 3. Qualitative Information on Forecasted Consolidated Financial Results Considering the progress made during the first quarter of the current fiscal year, we have decided to maintain the full-year forecasts for sales, gross profit, operating profit, profit before income tax expenses, and profit attributable to owners of the parent announced in May this year in the Earnings Report [IFRS]. Although results for the first quarter exceeded the plan, mainly due to the recording of refunds related to U.S. tariff measures, we have made no changes to our earnings forecast at this time, taking into consideration the risk of rising semiconductor memory prices from the second quarter onward, the business impact of tariff rate revisions, and the progress of various business initiatives. Ricoh has reflected the actual exchange rates during the first quarter in its full-year foreign exchange assumptions. However, the assumed exchange rates for the second quarter onward remain unchanged from those announced in May this year at ¥150 to the U.S. dollar and ¥175 to the euro. Exchange Rate Assumptions for the full year ending March 31, 2027 US$ 1 = ¥152.36 (¥150.79 in previous fiscal year) EURO 1 = ¥177.59 (¥174.81 in previous fiscal year) (Billions of yen) Year ended March 31, 2026 (A) Year ending March 31, 2027 (Forecast) (B) Change (B-A)/A Domestic sales 1,051.6 1,063.0 1.1％ Overseas sales 1,556.6 1,637.0 5.2％ Sales 2,608.3 2,700.0 3.5％ Gross profit 889.1 920.0 3.5％ Operating profit (loss) 90.7 95.0 4.7％ Profit (loss) before income tax expenses 92.2 95.0 3.0％ Profit (loss) attributable to owners of the parent 55.6 62.0 11.4％ * The result forecasts and forward-looking statements included in this document are based on information available to the Company as at the date of submission of this quarterly report and certain assumptions that the Company considers reasonable. The Company makes no guarantees with respect to the achievement of its result forecasts or forward-looking statements. Actual results might be significantly different from the forecasts in the document, depending on various factors. Factors which may affect the actual business results include but are not limited to the economic situation in the geographic areas where Ricoh conducts business, including Japan, the Americas, Europe, Middle East, Africa, Greater China and Asia Pacific, market environment, and currency exchange rates.
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6 4. Condensed Consolidated Financial Statements (1) Condensed Consolidated Statement of Financial Position Assets (Millions of yen) March 31, 2026 June 30, 2026 Change Current Assets Cash and cash equivalents 204,855 231,756 26,901 Time deposits 2,216 1,956 (260) Trade and other receivables 588,402 539,382 (49,020) Other financial assets 124,480 124,051 (429) Inventories 330,933 353,912 22,979 Other current assets 73,529 80,188 6,659 Total Current Assets 1,324,415 1,331,245 6,830 Non-current Assets Property, plant and equipment 212,084 209,306 (2,778) Right-of-use assets 80,710 80,781 71 Goodwill and intangible assets 450,865 449,176 (1,689) Other financial assets 206,444 205,050 (1,394) Investments accounted for using the equity method 94,586 94,888 302 Other investments 21,513 22,297 784 Other non-current assets 93,752 95,627 1,875 Deferred tax assets 55,812 55,927 115 Total Non-current Assets 1,215,766 1,213,052 (2,714) Total Assets 2,540,181 2,544,297 4,116 Liabilities and Equity (Millions of yen) March 31, 2026 June 30, 2026 Change Current Liabilities Bonds and borrowings 133,996 150,547 16,551 Trade and other payables 345,111 302,027 (43,084) Lease liabilities 26,024 26,556 532 Other financial liabilities 2,437 4,021 1,584 Income tax payables 14,084 14,212 128 Provisions 12,194 14,591 2,397 Other current liabilities 352,925 363,938 11,013 Total Current Liabilities 886,771 875,892 (10,879) Non-current Liabilities Bonds and borrowings 298,130 287,312 (10,818) Lease liabilities 62,177 60,932 (1,245) Other financial liabilities 1,436 643 (793) Accrued pension and retirement benefits 40,421 40,365 (56) Provisions 6,849 6,888 39 Other non-current liabilities 29,724 33,046 3,322 Deferred tax liabilities 27,210 27,511 301 Total Non-current Liabilities 465,947 456,697 (9,250) Total Liabilities 1,352,718 1,332,589 (20,129) Equity Common stock 135,364 135,364 － Additional paid-in capital 183,099 183,160 61 Treasury stock (658) (7,112) (6,454) Other components of equity 330,192 333,860 3,668 Retained earnings 508,144 533,855 25,711 Equity attributable to owners of the parent 1,156,141 1,179,127 22,986 Non-controlling interests 31,322 32,581 1,259 Total Equity 1,187,463 1,211,708 24,245 Total Liabilities and Equity 2,540,181 2,544,297 4,116
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7 (2) Condensed Consolidated Statement of Profit or Loss and Condensed Consolidated Statement of Comprehensive Income Condensed Consolidated Statement of Profit or Loss (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Change % Sales 580,798 629,812 49,014 8.4 Cost of sales 373,444 392,286 18,842 5.0 Percentage of sales (%) 64.3 62.3 Gross profit 207,354 237,526 30,172 14.6 Percentage of sales (%) 35.7 37.7 Selling, general and administrative expenses 196,984 210,128 13,144 6.7 Percentage of sales (%) 33.9 33.4 Other income 2,272 20,364 18,092 796.3 Percentage of sales (%) 0.4 3.2 Operating profit (loss) 12,642 47,762 35,120 277.8 Percentage of sales (%) 2.2 7.6 Finance income 2,243 2,123 (120) (5.3) Percentage of sales (%) 0.4 0.3 Finance costs 1,932 3,957 2,025 104.8 Percentage of sales (%) 0.3 0.6 Share of profit (loss) of investments accounted for using the equity method 1,862 1,553 (309) (16.6) Percentage of sales (%) 0.3 0.2 Profit (loss) before income tax expenses 14,815 47,481 32,666 220.5 Percentage of sales (%) 2.6 7.5 Income tax expenses 4,578 9,739 5,161 112.7 Percentage of sales (%) 0.8 1.5 Profit (loss) for the period 10,237 37,742 27,505 268.7 Percentage of sales (%) 1.8 6.0 Profit (loss) attributable to: Owners of the parent 9,655 37,088 27,433 284.1 Percentage of sales (%) 1.7 5.9 Non-controlling interests 582 654 72 12.4 Percentage of sales (%) 0.1 0.1 Three months ended June 30, 2025 Three months ended June 30, 2026 Change Earnings per share attributable to owners of the parent-basic (yen) 16.96 65.30 48.34 Earnings per share attributable to owners of the parent-diluted (yen) 16.94 65.20 48.26 * Gain on sales of property, plant and equipment and others were included in “Other income”. Condensed Consolidated Statement of Comprehensive Income (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Change Profit (loss) for the period 10,237 37,742 27,505 Other comprehensive income (loss): Components that will not be reclassified subsequently to profit or loss: Remeasurements of defined benefit plans － － － Net changes in fair value of financial assets measured through other comprehensive income 1,425 158 (1,267) Share of other comprehensive income of investments accounted for using equity method 359 (250) (609) Total components that will not be reclassified subsequently to profit or loss 1,784 (92) (1,876) Components that will be reclassified subsequently to profit or loss: Net changes in fair value of cash flow hedges － － － Exchange differences on translation of foreign operations 5,159 4,433 (726) Share of other comprehensive income of investments accounted for using equity method (62) (29) 33 Total components that will be reclassified subsequently to profit or loss 5,097 4,404 (693) Total other comprehensive income (loss) 6,881 4,312 (2,569) Comprehensive income (loss) 17,118 42,054 24,936 Comprehensive income (loss) attributable to: Owners of the parent 16,701 40,764 24,063 Non-controlling interests 417 1,290 873
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8 Consolidated Sales by Product Category (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Change % <Workplace Services> 232,756 252,666 19,910 8.6 Percentage of sales (%) 40.1 40.1 <Digital Products> 251,351 267,816 16,465 6.6 Percentage of sales (%) 43.3 42.5 <Graphic Communications> 65,122 69,761 4,639 7.1 Percentage of sales (%) 11.2 11.1 <Industrial Solutions> 22,758 27,281 4,523 19.9 Percentage of sales (%) 3.9 4.3 <Other> 8,811 12,288 3,477 39.5 Percentage of sales (%) 1.5 2.0 Grand Total 580,798 629,812 49,014 8.4 Percentage of sales (%) 100.0 100.0 * The business segment classification has been revised from the first quarter of the current fiscal year. Figures for the previous corresponding period have also been reclassified in accordance with the revised segment classification. For the main business activities of each business segment, please refer to “(8) Segment Information” on page 13. Consolidated Sales by Geographic Area (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Change % <Domestic> 224,655 234,683 10,028 4.5 Percentage of sales (%) 38.7 37.3 <Overseas> 356,143 395,129 38,986 10.9 Percentage of sales (%) 61.3 62.7 The Americas 153,480 168,461 14,981 9.8 Percentage of sales (%) 26.4 26.7 Europe, Middle East and Africa 150,687 168,031 17,344 11.5 Percentage of sales (%) 25.9 26.7 Other 51,976 58,637 6,661 12.8 Percentage of sales (%) 8.9 9.3 Grand Total 580,798 629,812 49,014 8.4 Percentage of sales (%) 100.0 100.0
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9 (3) Condensed Consolidated Statement of Changes in Equity (Millions of Yen) Common Stock Additional paid-in capital Treasury stock Other components of equity Remeasurements of defined benefit plans Net changes in fair value of financial assets measured through other comprehensive income Net changes in fair value of cash flow hedges Balance as of April 1, 2025 135,364 180,947 (734) － 6,494 241 Profit (loss) for the period Other comprehensive income (loss) 1,784 (62) Comprehensive income (loss) － － － － 1,784 (62) Net change in treasury stock (1) Dividends declared and approved to owners Share-based payment transactions 26 84 Total transactions with owners － 26 83 － － － Balance as of June 30, 2025 135,364 180,973 (651) － 8,278 179 Other components of equity Retained earnings Equity attributable to owners of the parent Non-controlling interests Total equity Exchange differences on translation of foreign operations Total other components of equity Balance as of April 1, 2025 235,705 242,440 472,090 1,030,107 24,643 1,054,750 Profit (loss) for the period 9,655 9,655 582 10,237 Other comprehensive income (loss) 5,324 7,046 7,046 (165) 6,881 Comprehensive income (loss) 5,324 7,046 9,655 16,701 417 17,118 Net change in treasury stock (1) (1) Dividends declared and approved to owners (10,814) (10,814) (2,088) (12,902) Share-based payment transactions 110 110 Total transactions with owners － － (10,814) (10,705) (2,088) (12,793) Balance as of June 30, 2025 241,029 249,486 470,931 1,036,103 22,972 1,059,075
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10 (Millions of Yen) Common Stock Additional paid-in capital Treasury stock Other components of equity Remeasurements of defined benefit plans Net changes in fair value of financial assets measured through other comprehensive income Net changes in fair value of cash flow hedges Balance as of April 1, 2026 135,364 183,099 (658) － 7,027 131 Profit (loss) for the period Other comprehensive income (loss) (92) (30) Comprehensive income (loss) － － － － (92) (30) Net change in treasury stock (6,457) Dividends declared and approved to owners Share-based payment transactions 61 3 Transfer from other components of equity to retained earnings (8) Equity transactions with non-controlling shareholders Total transactions with owners － 61 (6,454) － (8) － Balance as of June 30, 2026 135,364 183,160 (7,112) － 6,927 101 Other components of equity Retained earnings Equity attributable to owners of the parent Non-controlling interests Total equity Exchange differences on translation of foreign operations Total other components of equity Balance as of April 1, 2026 323,034 330,192 508,144 1,156,141 31,322 1,187,463 Profit (loss) for the period 37,088 37,088 654 37,742 Other comprehensive income (loss) 3,798 3,676 3,676 636 4,312 Comprehensive income (loss) 3,798 3,676 37,088 40,764 1,290 42,054 Net change in treasury stock (6,457) (6,457) Dividends declared and approved to owners (11,385) (11,385) (40) (11,425) Share-based payment transactions 64 64 Transfer from other components of equity to retained earnings (8) 8 － － Equity transactions with non-controlling shareholders － 9 9 Total transactions with owners － (8) (11,377) (17,778) (31) (17,809) Balance as of June 30, 2026 326,832 333,860 533,855 1,179,127 32,581 1,211,708
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11 (4) Condensed Consolidated Statement of Cash Flows (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 I. Cash Flows from Operating Activities: Profit (loss) for the period 10,237 37,742 Adjustments to reconcile profit for the period to net cash provided by (used in) operating activities - Depreciation and amortization 27,759 29,410 Impairment of property, plant and equipment and intangible assets 5,080 － Other income (653) (18,281) Share of (profit) loss of investments accounted for using the equity method (1,862) (1,553) Finance income and costs (311) 1,834 Income tax expenses 4,578 9,739 (Increase) decrease in trade and other receivables 48,237 53,135 (Increase) decrease in inventories (23,781) (19,951) (Increase) decrease in lease receivables 3,331 4,380 Increase (decrease) in trade and other payables (31,390) (44,627) Increase (decrease) in accrued pension and retirement benefits (1,087) (294) Other, net (9,899) 17,344 Interest and dividends received 2,158 3,100 Interest paid (2,063) (2,290) Income taxes paid (7,655) (9,805) Net cash provided by (used in) operating activities 22,679 59,883 II. Cash Flows from Investing Activities: Proceeds from sales of property, plant and equipment 871 129 Expenditures for property, plant and equipment (9,704) (9,458) Expenditures for intangible assets (6,464) (8,755) Payments for purchases of investment securities (30) (594) Proceeds from sales of investment securities － 43 Net (increase) decrease of time deposits (93) 281 Purchase of business, net of cash acquired (1,145) (365) Sale of business, net of cash transferred 469 9,560 Other, net 198 86 Net cash provided by (used in) investing activities (15,898) (9,073) III. Cash Flows from Financing Activities: Net increase (decrease) of short-term debt (11,129) (2,399) Proceeds from long-term debt 1,524 988 Repayments of long-term debt (11,226) (1,170) Repayments of lease liabilities (7,856) (8,197) Dividends paid (10,814) (11,385) Payments for purchase of treasury stock (1) (6,457) Other, net (2,088) (31) Net cash provided by (used in) financing activities (41,590) (28,651) IV . Effect of Exchange Rate Changes on Cash and Cash Equivalents (849) (2,261) V . Net Increase (decrease) in Cash and Cash Equivalents (35,658) 19,898 VI. Cash and Cash Equivalents at Beginning of Year 181,862 193,468 VII. Cash and Cash Equivalents at End of Period 146,204 213,366 Notes: The difference in the amount of “cash and cash equivalents” between condensed consolidated statement of financial position and condensed consolidated statement of cash flows represents bank overdrafts.
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12 (5) Financial reporting framework of Condensed Consolidated Financial Statements The condensed consolidated financial statements have been prepared in accordance with Article 5, Paragraph 2 of the Standards for the Preparation of Quarterly Financial Statements, etc. of the Tokyo Stock Exchange, Inc. However, some disclosures in IAS 34 “Interim Financial Reporting” have been omitted in accordance with Article 5, Paragraph 5 of the Standards for the Preparation of Quarterly Financial Statements, etc. (6) Notes on premise going concern Not applicable (7) Changes in material accounting policy information Material accounting policy information which applies in the condensed consolidated financial statements are same as previous fiscal year excepting the table below. Standards Title Summaries of new Standards/amendments IFRS 9 Financial Instruments Amendments to the requirements for classification of financial assets, derecognition of financial liabilities in IFRS 9 “Financial Instruments”. IFRS 9 Financial Instruments Targeted amendments intended to facilitate better reporting of contracts for nature-dependent electricity by companies. The application of the above standards has no significant effect on the condensed quarterly consolidated financial statements.
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13 (8) Segment Information Operating Segment Information (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Change % Workplace Services: Sales: Unaffiliated customers 232,756 252,666 19,910 8.6 Intersegment － － － － Total 232,756 252,666 19,910 8.6 Operating expenses 238,005 252,026 14,021 5.9 Operating profit (loss) (5,249) 640 5,889 － Operating profit (loss) on sales in Workplace Services (%) (2.3) 0.3 Digital Products: Sales: Unaffiliated customers 251,351 267,816 16,465 6.6 Intersegment 2,161 2,851 690 31.9 Total 253,512 270,667 17,155 6.8 Operating expenses 230,341 244,302 13,961 6.1 Operating profit (loss) 23,171 26,365 3,194 13.8 Operating profit (loss) on sales in Digital Products (%) 9.1 9.7 Graphic Communications: Sales: Unaffiliated customers 65,122 69,761 4,639 7.1 Intersegment － － － － Total 65,122 69,761 4,639 7.1 Operating expenses 66,681 67,492 811 1.2 Operating profit (loss) (1,559) 2,269 3,828 － Operating profit (loss) on sales in Graphic Communications (%) (2.4) 3.3 Industrial Solutions: Sales: Unaffiliated customers 22,758 27,281 4,523 19.9 Intersegment 21 56 35 166.7 Total 22,779 27,337 4,558 20.0 Operating expenses 22,985 26,558 3,573 15.5 Operating profit (loss) (206) 779 985 － Operating profit (loss) on sales in Industrial Solutions (%) (0.9) 2.8 Other: Sales: Unaffiliated customers 8,811 12,288 3,477 39.5 Intersegment 2,518 2,284 (234) (9.3) Total 11,329 14,572 3,243 28.6 Operating expenses 12,825 14,212 1,387 10.8 Operating profit (loss) (1,496) 360 1,856 － Operating profit (loss) on sales in Other (%) (13.2) 2.5 Eliminations and Corporate: Sales: Intersegment (4,700) (5,191) (491) Total (4,700) (5,191) (491) － Operating expenses: Intersegment (4,700) (5,191) (491) Corporate 2,019 (17,349) (19,368) Total (2,681) (22,540) (19,859) － Operating profit (loss) (2,019) 17,349 19,368 － Consolidated: Sales: Unaffiliated customers 580,798 629,812 49,014 8.4 Intersegment － － － － Total 580,798 629,812 49,014 8.4 Operating expenses 568,156 582,050 13,894 2.4 Operating profit (loss) 12,642 47,762 35,120 277.8 Operating profit (loss) on consolidated sales (%) 2.2 7.6 Ricoh launched Mid-Term Management Strategy ’26 on April 1, 2026. Accordingly, the business segment classification has been revised from the first quarter of the current fiscal year. Figures for the previous corresponding period have also been reclassified to conform to the revised segment classification. The main business activities of each business segment are as follows: Workplace Services Sales of IT equipment (personal computers, servers, network equipment), and related services, support, software, document-related services, solutions, and financing to support solutions the introduction and utilization of equipment Digital Products Production and sales of MFPs (multifunctional printers), laser printers, digital duplicators, wide format printers, facsimile machines, scanners, network-related equipment, and related parts & supplies, as well as provision of services and support, and production and sales of auto ID systems and electronic components Graphic Communications Production and sales of cut sheet printers (production printers), continuous feed printers, inkjet heads, workflow systems (image forming equipment), industrial printers, and related parts & supplies, and provision of services, support and software Industrial Solutions Production and sales of thermal paper and thermal media, precision mechanical components Other Digital cameras, 360°cameras, environment and healthcare
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14 -APPENDIX- (Three months ended June 30, 2026) 1. Consolidated Sales by Product Category (Millions of yen) Three months ended June 30, 2025 Three months ended June 30, 2026 Change % Change excluding exchange impact % <Workplace Services> 232,756 252,666 19,910 8.6 5,407 2.3 Percentage of sales (%) 40.1 40.1 Domestic 113,123 117,149 4,026 3.6 4,026 3.6 Overseas 119,633 135,517 15,884 13.3 1,381 1.2 The Americas 46,703 51,241 4,538 9.7 (254) (0.5) Europe, Middle East and Africa 65,181 75,076 9,895 15.2 1,194 1.8 Other 7,749 9,200 1,451 18.7 441 5.7 <Digital Products> 251,351 267,816 16,465 6.6 (1,398) (0.6) Percentage of sales (%) 43.3 42.5 Domestic 95,785 101,304 5,519 5.8 5,519 5.8 Overseas 155,566 166,512 10,946 7.0 (6,917) (4.4) The Americas 68,613 73,149 4,536 6.6 (1,633) (2.4) Europe, Middle East and Africa 61,405 66,487 5,082 8.3 (2,388) (3.9) Other 25,548 26,876 1,328 5.2 (2,896) (11.3) <Graphic Communications> 65,122 69,761 4,639 7.1 (1,703) (2.6) Percentage of sales (%) 11.2 11.1 Domestic 6,261 5,800 (461) (7.4) (461) (7.4) Overseas 58,861 63,961 5,100 8.7 (1,242) (2.1) The Americas 29,967 33,324 3,357 11.2 203 0.7 Europe, Middle East and Africa 17,768 17,897 129 0.7 (1,899) (10.7) Other 11,126 12,740 1,614 14.5 454 4.1 <Industrial Solutions> 22,758 27,281 4,523 19.9 2,291 10.1 Percentage of sales (%) 3.9 4.3 Domestic 6,567 7,077 510 7.8 510 7.8 Overseas 16,191 20,204 4,013 24.8 1,781 11.0 The Americas 6,684 8,615 1,931 28.9 1,125 16.8 Europe, Middle East and Africa 4,863 6,610 1,747 35.9 981 20.2 Other 4,644 4,979 335 7.2 (325) (7.0) <Other> 8,811 12,288 3,477 39.5 2,439 27.7 Percentage of sales (%) 1.5 2.0 Domestic 2,919 3,353 434 14.9 434 14.9 Overseas 5,892 8,935 3,043 51.6 2,005 34.0 The Americas 1,513 2,132 619 40.9 419 27.7 Europe, Middle East and Africa 1,470 1,961 491 33.4 263 17.9 Other 2,909 4,842 1,933 66.4 1,323 45.5 Total 580,798 629,812 49,014 8.4 7,036 1.2 Percentage of sales (%) 100.0 100.0 Domestic 224,655 234,683 10,028 4.5 10,028 4.5 Percentage of sales (%) 38.7 37.3 Overseas 356,143 395,129 38,986 10.9 (2,992) (0.8) Percentage of sales (%) 61.3 62.7 The Americas 153,480 168,461 14,981 9.8 (140) (0.1) Percentage of sales (%) 26.4 26.7 Europe, Middle East and Africa 150,687 168,031 17,344 11.5 (1,849) (1.2) Percentage of sales (%) 25.9 26.7 Other 51,976 58,637 6,661 12.8 (1,003) (1.9) Percentage of sales (%) 8.9 9.3 Notes: The business segment classification has been revised from the first quarter of the current fiscal year. Figures for the previous corresponding period have also been reclassified to conform to the revised segment classification.
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15 2. Forecast of Consolidated Performance (Billions of yen) Three months ended June 30, 2026 Results Change % Year ending March 31, 2027 Forecast Change % Sales 629.8 8.4 2,700.0 3.5 Gross profit 237.5 14.6 920.0 3.5 Operating profit 47.7 277.8 95.0 4.7 Profit before income tax expenses 47.4 220.5 95.0 3.0 Profit attributable to owners of the parent 37.0 284.1 62.0 11.4 Earnings per share attributable to owners of the parent-basic (yen) 65.30 48.34 111.04 13.24 Earnings per share attributable to owners of the parent- diluted (yen) 65.20 48.26 110.84 13.18 Capital expenditures 9.4 60.0 Depreciation 10.5 45.0 R&D expenditures 19.6 80.0 Exchange rate (Yen/US$) 159.45 152.36 Exchange rate (Yen/EURO) 185.34 177.59 * The amounts presented in capital expenditures and depreciation are for property, plant and equipment.
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16 3. Forecast of Consolidated Sales by Product Category (Billions of yen) Year ended March 31, 2026 Year ending March 31, 2027 Results Forecast Change % Forecast excluding exchange impact Change % <Workplace Services> 1,106.7 1,130.0 2.1 1,124.1 1.6 Domestic 579.9 573.0 (1.2) 573.0 (1.2) Overseas 526.8 557.0 5.7 551.1 4.6 The Americas 196.6 210.0 6.8 208.3 6.0 Europe, Middle East and Africa 296.0 311.0 5.1 307.0 3.7 Other 34.1 36.0 5.4 35.6 4.5 <Digital Products> 1,068.1 1,095.0 2.5 1,087.9 1.9 Domestic 397.1 413.0 4.0 413.0 4.0 Overseas 670.9 682.0 1.6 674.9 0.6 The Americas 287.3 291.1 1.3 288.5 0.4 Europe, Middle East and Africa 270.1 285.0 5.5 281.4 4.2 Other 113.4 105.9 (6.7) 104.9 (7.5) <Graphic Communications> 284.0 310.0 9.1 307.8 8.4 Domestic 24.1 22.0 (8.9) 22.0 (8.9) Overseas 259.9 288.0 10.8 285.8 10.0 The Americas 134.4 146.0 8.6 145.0 7.9 Europe, Middle East and Africa 79.2 85.0 7.2 84.1 6.1 Other 46.1 57.0 23.4 56.6 22.6 <Industrial Solutions> 106.2 115.0 8.3 114.2 7.5 Domestic 36.1 38.0 5.2 38.0 5.2 Overseas 70.1 77.0 9.8 76.2 8.7 The Americas 29.0 32.0 10.0 31.7 9.1 Europe, Middle East and Africa 20.7 22.0 6.2 21.6 4.5 Other 20.3 23.0 13.3 22.8 12.6 <Other> 43.1 50.0 16.0 49.7 15.4 Domestic 14.2 17.0 19.2 17.0 19.2 Overseas 28.8 33.0 14.4 32.7 13.6 The Americas 7.1 7.2 0.5 7.1 (0.3) Europe, Middle East and Africa 6.4 6.0 (6.9) 5.9 (8.3) Other 15.2 19.8 30.0 19.7 29.4 Total 2,608.3 2,700.0 3.5 2,683.9 2.9 Domestic 1,051.6 1,063.0 1.1 1,063.0 1.1 Overseas 1,556.6 1,637.0 5.2 1,620.9 4.1 The Americas 654.6 686.3 4.8 680.8 4.0 Europe, Middle East and Africa 672.6 709.0 5.4 700.2 4.1 Other 229.3 241.7 5.4 239.8 4.6 Notes: The business segment classification has been revised from the first quarter of the current fiscal year. Figures for the previous fiscal year have also been reclassified to conform to the revised segment classification.