Ricoh Leasing Company, Ltd.

1. August 3, 2021
Ricoh Leasing Company, Ltd.
First Quarter of
Fiscal Year
Ending March
2022 (FY2021)
Financial
Highlights

2. 1. Consolidated Results for the First Quarter of
Fiscal Year Ending March 2022
2. Performance by Segment
3. Consolidated Income Forecast for Fiscal Year
Ending March 2022
4. Reference Material
Table of Contents
2

3. 1. Consolidated Results for the First
Quarter of Fiscal Year Ending March
2022
3

4. * In this document, “Profit Attributable to Owners of Parent” is listed as “Net Income.”
Financial Performance Overview for the First
Quarter of Fiscal Year Ending March 2022
4
1. Net sales decreased and profit increased.
The return on assets continued to improve and the Rental Business grew, which
resulted in a record profit.
2. Operating assets stood at 970.3 billion yen
（increased 1.7 billion yen from the end of the previous fiscal
year）
Operating assets increased due to increase in transaction volume and investment amount.
3. Full-year forecast for the fiscal year ending March 2022 remains
unchanged from the initial forecast.
Steady progress was made toward the operating profit forecast of 18.5 billion yen.
* Operating assets without deducting the securitization of lease receivables were 1,041.1 billion yen (increased 1.6 billion yen
from the end of the previous fiscal year).

5. • Net sales decreased because of the absence of the early repayment of large receivables and the
securitization of lease receivables that were recorded in the previous year.
• Gross profit increase due to improvements in the return on operating assets, etc. Provision of
allowance for doubtful accounts declined year on year, resulting in a substantial increase in
operating profit.
2021/3 2022/3
1Q
Actual
1Q
Actual
Growth
Rate
Full-year
Forecast
91.2 75.9 (16.7%) 311.7 24.4%
9.3 10.0 7.7% 39.8 25.2%
6.1 4.4 (27.9%) 21.3 20.8%
Provision of Allowance for
Doubtful Accounts
2.0 (0.0) ー 2.1 ー
3.1 5.6 76.5% 18.5 30.3%
3.1 5.5 75.7% 18.3 30.1%
2.1 3.8 76.2% 12.6 30.3%
YoY change
ー ー ー 115.00 －
70.26 123.76 53.51 408.76 －
ー ー ー 28.1% －
0.74% 1.30% 0.56% 1.06% －
4.8% 7.9% 3.2% 6.4% －
ROE（Return on Equity Ratio）
Selling, General and
Administrative Expenses
Ordinary Profit
Net Income
Dividend per Share(yen)
Earnings per Share(yen)
Dividend Payout Ratio
ROA（Return on Asset Ratio）
Operating Profit
2022/3
Progress
Rate
Net Sales
Gross Profit
* Actual ROA and ROE are annualized numerical figures
Consolidated Results
5
(Billion Yen)

6. (Billion Yen)
Selling, General and
Administrative Expenses
Gross Profit
Factors Affecting Operating Profit
6
3.17
billion yen
21/3
1Q
Actual
5.60
billion yen
22/3
1Q
Actual
+0.11
+0.11
+0.42
+0.06
+2.10
Leases & Finance
Business
Gross
Margin for
Leases and
Installment
Sales
Business
Gross
Margin for
Loans
Gross
Margin for
Services
Business
Financial
Expenses
Gross
Margin for
Investment
Business
Human
Resources
Other
Expenses
Provision of
allowance
for Doubtful
Accounts
(0.00) (0.15)
(0.23)

7. 2021/3 2021/3
Actual
End of 1Q
Actual
Increase/Dec
rease at the
End of the
Previous Term
Actual
End of 1Q
Actual
Increase/Dec
rease at the
End of the
Previous Term
Cash and deposits 11.0 35.3 24.3
Short-term
Interest-Bearing Debt
225.4 172.9 (52.5)
Lease receivables and
investments in leases 528.9 522.5 (6.3)
Long-term
Interest-Bearing Debt 590.0 676.5 86.5
Installment receivables 182.9 186.3 3.4
Long-term payables
under securitization of
lease receivables
40.0 40.0 0.0
Accounts receivable
- operating loans
200.6 204.1 3.5 Other liabilities 113.9 110.7 (3.1)
Assets for lease 54.3 54.9 0.6 Total Liabilities 969.3 1,000.2 30.8
Allowance for doubtful
accounts (11.8) (11.3) 0.5 Total net assets 191.3 193.7 2.4
Other assets 194.7 202.0 7.3
Total assets 1,160.7 1,194.0 33.3 Total liabilities and net assets 1,160.7 1,194.0 33.3
2022/3 2022/3
• Total assets increased from the end of the previous fiscal year due to an increase in cash and
deposits.
(Billion Yen)
Consolidated Balance Sheets
7
* Allowance for doubtful accounts shows the total of current assets and non-current assets.
* Long-term debt within one year is included in short-term Interest-Bearing Debt.

8. 576.1 589.8 622.1 599.7 593.3
23.0 29.0
30.5
30.4 29.9
111.3
133.1
152.9
161.6 164.5
143.7
160.6
181.6 200.6 204.1
2.0
9.2
31.7 46.9 49.2
856.3
921.9
1,019.1
1,039.4 1,041.1
0.17% 0.17%
0.16%
0.15%
0.17%
18/3 19/3 20/3 21/3 22/3
1Q
Investment Business
Loans
Installment Sales
Operating Leases
Finance Leases
Default Rate
(Billion yen)
Operating Assets and Default Rate
8
* The balance of operating assets includes the
amount of securitization of lease receivables
(Amount of Securitized Lease Receivables for
the first quarter of 22/3: 70.7 billion yen).
* Default rate = Default loss amount / Average
balance of operating assets (default rate has
been calculated by annualizing the default
loss amount for the first quarter of 22/3)
• Operating assets, including
securitized lease receivables,
increased 1.6 billion yen from
the end of the previous fiscal
year due to an accumulation of
loans, etc.
• Despite an increase in the
default loss amount, the default
rate remained at a low level.

9. 0.28 0.25 0.25 0.33 0.33
0.80 0.76 0.87
1.03
1.08 1.02
1.12
1.36
0.13% 0.12% 0.12% 0.14% 0.14%
-0.50%
-0.30%
-0.10%
0.10%
0.30%
18/3 19/3 20/3 21/3 22/3
1Q
2-4Q
1Q
Financial
Expenses
Ratio
(Billion yen)
 Financial Expenses and Financial Expenses Ratio
 Total Procurement Amount
Total Procurement Amount and
Financial Expenses
9
(Billion yen)
* Financial expenses ratio = Financial expenses /
Average balance of operating assets
* For the first quarter of 22/3, financial expenses
ratio has been calculated by annualizing
financial expenses.
* Payables under securitization of lease receivables
includes off-balance sheet financing.
111.0 96.2 67.2 30.2 15.7
95.7 134.4 143.8 195.2 157.2
499.9
524.4 608.4 590.0 676.5
20.0
20.0
60.0 100.0 100.0
726.6 775.2
879.5 915.4 949.4
18/3 19/3 20/3 21/3 22/3
1Q
Payables under
securitization of lesase
receivables
Long-term Debt
Long-term Debt within
one year
Short-term Debt
• We issued bonds totaling 60 billion
yen, the largest amount ever raised
at one time.
• Both financial expenses and financial
expenses ratio remained flat.

10. 2．Performance by Segment
10

11. 2021/3
Actual End of 1Q Actual
Increase/Decrease at
the End of the
Previous Term
992.5 991.9 (0.5)
46.9 49.2 2.2
2022/3
Leases & Finance Business
Investment Business
(Billion Yen)
 Operating Assets
(Billion Yen)
 Net sales and profit
Performance by Segment
11
* The balance of operating assets includes the amount of the securitizations of lease receivables
• Sales in Leases & Finance Business decreased reflecting a reactionary decline due to the early
repayment of large receivables in the previous year, etc. Profit increased due to a decrease of
provision of allowance for doubtful accounts.
• In Services Business, collection agency services continued to perform strongly. Enplus results are
reflected in the consolidated results from the first quarter under review.
• Investment Business saw increases in sales and profits driven by Solar Power Generation.
2021/3
1Q Actual 1Q Actual Growth Rate
Net Sales 89.3 73.4 (17.8%)
Segment Profit 3.1 5.5 79.1%
Net Sales 1.3 1.6 21.4%
Segment Profit 0.3 0.3 (8.3%)
Net Sales 0.5 0.9 72.0%
Segment Profit 0.1 0.1 41.6%
Investment Business
Services Business
2022/3
Leases & Finance Business

12. 2021/3
1Q Actual 1Q Actual
Growth
Rate
Finance Leases 57.3 59.6 4.0%
Operating Leases 4.8 4.4 (8.2%)
Total Leases 62.2 64.1 3.1%
Installment Sales 14.1 14.8 4.8%
76.4 79.0 3.4%
Loans Transaction Volume 7.1 9.7 35.9%
83.6 88.7 6.2%
Total Transaction Volume for Leases and Installment Sales
Total Transaction Volume for Leases & Finance Business
2022/3
* The Transaction Volume for Leases and Installment Sales for the Environmental Field is included in the transaction
volume of the above.
 Leases and Installment Sales Transaction Volume by Product
 Transaction Volume by Contract
Actual Results of Leases ＆ Finance
Business
12
(Billion Yen)
(Billion Yen)
2021/3
1Q Actual 1Q Actual
Growth
Rate
Office and IT-Related Equipment 40.7 40.7 (0.0%) (6.7%)
Medical Equipment 8.2 9.2 11.3% (4.6%)
Industrial Machinery 5.6 7.2 29.4% (13.0%)
Commercial and Service Equipment 7.6 3.7 (51.6%) (9.1%)
Transport Equipment 5.1 5.4 4.5% 3.9%
Others 8.9 12.6 42.0% (15.0%)
76.4 79.0 3.4% (7.0%)
Environmental Field 4.1 8.8 112.1%
Total Transaction Volume for Leases and Installment Sales
2022/3 Japan Leasing
Association (cumulative
total from 21/4 to
21/6)
Growth Rate
• Although we haven’t returned to the business performance we had before the COVID-19 pandemic,
the transaction volume is trending toward recovery, mainly in loans.
• Acquired yields of new contracts continued to improve.

13. 17.1 18.6
25.1 24.9 20.2
54.9
59.4
75.5 72.5
72.0
78.1
100.6
97.5
6.7
7.9
11.1
7.5 7.6
-15
5
0.0
20.0
40.0
60.0
80.0
100.0
120.0
140.0
18/3 19/3 20/3 21/3 22/3
1Q
1Q 2-4Q Balance
4.38 4.88 5.38 5.52 6.38
13.80
15.19
16.81
18.06
18.19
20.07
22.19
23.59
18/3 19/3 20/3 21/3 22/3
1Q
1Q 2-4Q
(Billion yen)
（million cases）
 Transaction Volume of Factoring
Services for Healthcare &
Nursing-Care Facilities
Actual Results of Services Business
13
 Number of Transactions in
Collection Agency Services
• The number of transactions in Collection Agency Services recovered to double-digit growth. The
number of new contracts exceeded the pre-pandemic level due to the need to avoid human
contact.
• Transaction volume and balance in Factoring Services for Healthcare & Nursing-Care Facilities
declined, reflecting applications for termination chiefly due to enhanced public support.

14. 2021/3
Actual
End of 1Q
Actual
Increase/Decrease
at the End of the
Previous Term
Solar Power Generation Business 16.6 17.6 0.9
Housing Rental and Real Estate Business 30.2 31.5 1.2
Total Operating Assets of Investment Business 46.9 49.2 2.2
2022/3
(Billion yen)
(Billion yen)
Actual Results of Investment Business
14
 Investment Amount
 Operating Assets
2021/3
1Q Actual 1Q Actual Growth Rate
Solar Power Generation Business 1.8 6.5 252.2%
Housing Rental and Real Estate Business 0.7 1.7 146.6%
Total Investment Amount 2.5 8.3 222.7%
2022/3
• Solar Power Generation made progress as planned due to investments in secondary deals, etc.
• Investments were implemented while maintaining a cautious stance in Housing Rental and Real
Estate Business in consideration of market conditions.

15. 3．Consolidated Income Forecast for
Fiscal Year Ending March 2022
15

16. Full-year
Actual
Growth
Rate
Full-year
Forecast
Growth
Rate
Net Sales 326.2 (1.8%) 311.7 (4.5%)
Gross Profit 37.7 7.2% 39.8 5.6%
20.2 11.4% 21.3 5.3%
Provision of Allowance for
Doubtful Accounts
3.7 30.1% 2.1 (44.0%)
Operating Profit 17.4 2.7% 18.5 5.9%
Ordinary Profit 17.5 2.5% 18.3 4.5%
Net Income 12.0 1.6% 12.6 4.8%
YoY change YoY change
Dividend per Share (yen) 100.00 10.00 115.00 15.00
Earnings per Share (yen) 389.93 7.13 408.76 18.83
Dividend Payout Ratio 25.6% 2.1% 28.1% 2.5%
ROA (Return on Asset Ratio) 1.04% (0.04%) 1.06% 0.02%
ROE (Return on Equity Ratio) 6.4% (0.2%) 6.4% (0.0%)
2021/3 2022/3
Selling, General and
Administrative Expenses
Consolidated Income Forecast
16
(Billion yen)
* Consecutive dividend increases include the substantial dividend increase due to the stock split in Fiscal Year Ended March 2000.
• Sales are expected to decrease chiefly due to the securitization of lease receivables. Profit is
forecast to rise for the second consecutive year, reflecting growth in the Investment Business and
an increase in commission received.
• Annual Dividends will be 115 yen per share, an increase for the 27th consecutive fiscal year. The
Dividend Payout Ratio is expected to be 28.1%.

17. 21/3 4Q Cumulative Total
Gross Profit
Selling, General and
Administrative Expenses
Forecast on Factors Affecting Operating Profit
17
17.47
billion yen
＋0.30
＋1.08
18.50
billion yen
＋1.64
(0.93)
(1.14)
22/3 Full-Year Forecast
(Billion yen)
Leases & Finance
Business
Gross
Margin for
Leases and
Installment
Sales
Business
Gross
Margin for
Loans
Gross
Margin for
Services
Business
Gross
Margin for
Investment
Business
Financial
Expenses
Human
Resources
Strategic
Expenses
Other
Expenses
＋0.26
＋0.51
(0.08)
(0.64)
• Gross profit is forecast to rise in all segments.
• Investment for strengthening the business foundation (human resources, IT infrastructure) will
continue. The provision of allowance for doubtful accounts will decrease year on year.
Provision of
allowance
for Doubtful
Accounts

18. Actual
Increase/
Decrease
Forecast
Increase/
Decrease
Finance Leases 599.7 (22.4) 611.0 11.2
Operating Leases 30.4 (0.1) 31.0 0.5
Total Leases 630.1 (22.6) 642.0 11.8
Installment Sales 161.6 8.7 165.0 3.3
791.8 (13.8) 807.0 15.1
Loans 200.6 18.9 228.0 27.3
Leases ＆ Finance Business 992.5 5.1 1,035.0 42.4
Investment Business 46.9 15.2 98.0 51.0
Total Operating Assets 1,039.4 20.3 1,133.0 93.5
2021/3 2022/3
Total Transaction Volume for
Leases and Installment Sales
• Operating assets are expected to increase 93.5 billion yen, reflecting a recovery in transaction
volume.
• We expect that Leases & Finance Business will increase, chiefly reflecting an increase in Loans.
The Investment Business is expected to increase chiefly due to a rise in Housing Rental and Real
Estate Business.
Breakdown of Operating Assets —
Forecast
18
(Billion yen)
* The balance of operating assets includes the amount of the securitizations of lease receivables

19. 4． Reference Material
19

20. Consolidated Statements of Income
20
1Q Actual
Growth
Rate
1Q Actual
Growth
Rate
Full-year
Forecast
Growth
Rate
Net Sales 91.2 11.2% 75.9 (16.7%) 311.7 (4.5%)
Leases 61.3 3.8% 57.7 (5.9%) 227.0 (3.3%)
Installment Sales 12.4 (3.7%) 7.9 (36.3%) 44.5 0.5%
Loans 0.8 17.4% 0.9 12.6% 4.2 13.7%
Commission Received 1.4 (1.1%) 1.7 22.0% 6.5 3.1%
Others 15.1 94.8% 7.5 (49.7%) 29.5 (20.8%)
Cost of Sales 81.9 11.7% 65.9 (19.5%) 271.9 (5.8%)
Leases 55.4 3.7% 51.4 (7.1%) - -
Installment Sales 11.6 (4.3%) 7.1 (38.7%) - -
Financial Expenses 0.3 28.1% 0.3 0.6% - -
Others 14.4 94.6% 6.9 (51.9%) - -
Gross Profit 9.3 7.6% 10.0 7.7% 39.8 5.6%
6.1 49.8% 4.4 (27.9%) 21.3 5.3%
Operating Profit 3.1 (30.3%) 5.6 76.5% 18.5 5.9%
Ordinary Profit 3.1 (32.1%) 5.5 75.7% 18.3 4.5%
Net Income 2.1 (32.2%) 3.8 76.2% 12.6 4.8%
2021/3 2022/3 2022/3
Selling, General and
Administrative Expenses
(Billion yen)

21. Forward-looking statements including earnings forecasts contained in
this document are based on certain assumptions deemed to be
rational in light of the information available to the Company at the
time of preparing the document, and are not intended to be
guarantees of future performance. Actual results may differ
significantly from plans and forecasts due to a variety of factors.
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.
<Contact>
Corporate Planning Department
Tel : 03-6204-0608
Email : ir@rle.ricoh.co.jp
URL : https://www.r-lease.co.jp
Ricoh Leasing Company, Ltd.