Ricoh Leasing Company reported financial results for the third quarter of FY2017 ending March 2018. Net sales increased 2.1% year-over-year to 227.1 billion yen due to steady growth in operating assets. Operating profit of 12.7 billion yen progressed as expected despite higher expenses. For the full year, the company forecasts net sales growth of 2.1% and operating profit decline of 3.1%, with continued expansion of operating assets and a focus on strategic investments.

1. Third Quarter of
Fiscal Year Ending
March 2018(FY2017)
Financial
Highlights
Ricoh Leasing Company, Ltd.

2. Table of Contents
1. Consolidated Results for the Third Quarter of
Fiscal Year Ending March 2018
2. Consolidated Income Forecast for the Fiscal
Year Ending March 2018
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.
2

3. 1. Consolidated Results for the Third
Quarter of Fiscal Year Ending March 2018
3

4.  Net Sales : 227,097 million yen
Expanded income for eight consecutive
periods; posted another record high.
 Operating Profit : 12,658 million yen
Progressed as expected.
 Net Income : 8,681 million yen
Progressed as expected.
 Total Operating Assets (substantial)
: 836,169 million yen
Posted another record high.
 Transaction Volume : 282,791 million yen
Posted another record high.
Performance Overview
4

5. • Net Sales Increased due to steady accumulation of Operating Assets. Posted another record high for the
eighth consecutive period. Gross Profit turns to increase.
• Operating Profit progressed as expected, but with an increase in system and other strategy expenses.
* In this document, “Profit Attributable to Owners of Parent” is presented as “Net Income.”
* Actual ROA and ROE are annualized numerical figures.
(100 millions of yen)
16/12
Actual
17/12
Full-year
forecast
Progress
RateActual
Growth
Rate
Net Sales 2,164 2,270 4.9% 2,973 76.4%
Gross Profit 233 233 0.1% 313 74.5%
SGA Expenses 103 106 3.5% 145 73.6%
Operating Profit 129 126 (2.6%) 168 75.4%
(Operating Profit / Net Sales) 6.0% 5.6% (0.4%) 5.7% --
Ordinary Profit 129 125 (2.9%) 165 76.2%
Net Income 89 86 (2.8%) 113 76.8%
Year-on-year
change
Dividend per share (yen) -- -- -- 70.00 --
Earnings per share (yen) 286.20 278.09 (8.11) 361.99 --
Dividend Payout Ratio -- -- -- 19.3% --
ROA (Return on Asset Ratio) 1.34% 1.24% (0.10%) 1.21% --
ROE (Return on Equity Ratio) 8.0% 7.3% (0.7%) 7.1% --
Consolidated Results
5

6. Gross Profit Calculation SGA Expenses
129.9
Increase in
Allowance
for Doubtful
Accounts
16/12 Actual
Increase in
Financial
Income
Increase in
Expenses
Decrease
in Financial
Expenses
126.5
17/12 Actual
+0.6 (0.1)
(3.5)
(100 millions of yen)
(1.6)
+0.8
Decrease in
revenue
mainly due
to early
cancellation
Increase in
Gross
margin for
Leases and
Installment
Sales
Business
+0.4
Factors Affecting Operating Profit
6

7. Performance by Segment
 Leases and Installment Sales Business  Financial Service Business
• In the Leases and Installment Sales Business, although sales increased due to a rise in the Operating
Assets, profits declined due to an increase in expenses.
• The Financial Services Business posted higher income on higher sales thanks to the favorable
commission business, including Collection Agency Services and Factoring Services for Nursing-care
Facilities.
(100 millions of yen) (100 millions of yen)
* % of Operating Profit = Financial Services Business segment Profit / Operating Profit
7
1,764
1,872
1,987
2,096
2,195
106 107 106
109
107
95
100
105
110
115
120
500
700
900
1,100
1,300
1,500
1,700
1,900
2,100
2,300
13/12 14/12 15/12 16/12 17/12
売上高 セグメント利益
40
44
48
51
54
18 19
24 25 25
15.2% 15.8%
19.1% 19.3% 19.9%
0%
10%
20%
0
10
20
30
40
50
60
70
80
90
13/12 14/12 15/12 16/12 17/12
売上高 セグメント利益 営業利益構成比Net sales Segment Profit (right bar) Net sales
Segment Profit (right
bar)
% of operating Profit

8. • The core Office and IT-Related Equipment drove the overall performance, returning to an increased volume for the
first time in four quarters on a third-quarter basis.
• Contributed by an increase in Environment-Related Equipment primarily for solar power generation facilities and
Commercial and Service Equipment, the Transaction Volume marked another record high.
(100 millions of yen)
*Transaction Volumes are presented on an inspection basis.
 Transaction Volume by Contract
 Transaction Volume by Product
Leases and Installment Sales Business:
Transaction Volume by Contract/Product
16/12
Actual
17/12
Full-year
forecast
Progress
Rate
Japan Leasing
Association
(cumulative total
from April to
November)
Growth Rate
Actual Growth Rate
Office and IT-Related Equipment 1,286 1,378 7.2% 1,835 75.1% 0.2%
Medical Equipment 298 257 (13.7%) 390 66.0% (2.8%)
Industrial Machinery 239 308 28.6% 360 85.7% (11.0%)
Commercial and Service Equipment 255 266 4.3% 340 78.4% (3.5%)
Transport Equipment 123 122 (1.0%) 170 72.0% (2.0%)
Others 241 287 19.4% 355 81.1% (14.4%)
Total 2,444 2,621 7.2% 3,450 76.0% (4.6%)
Environmental-Related Equipment 185 237 27.9% 280 84.7%
16/12
Actual
17/12 Full-year
forecast
Progress
RateActual Growth Rate
Finance Leases 1,888 1,928 2.1% 2,620 73.6%
Operating Leases 83 113 35.4% 140 80.7%
Installment Sales 472 579 22.6% 690 84.0%
Total 2,444 2,621 7.2% 3,450 76.0%
8

9. [Commission Business]
• In Collection Agency Services, the number of new
customers grew steadily and the number of
transactions increased by 3.0% year on year.
• In Factoring Services for Nursing-Care Facilities,
Transaction Volume jumped 21.0% year on year as
a result of capturing new customers and increasing
the use of services by existing customers.
[Loans]
• The Transaction Volume decreased by 8.9% year-
on-year, but the third quarter exceeded the full-
year forecast due to favorable corporate lending.
 Cumulative number of transactions in
Collection Agency Services
 Loan Transaction Volume
 Transaction Volume of Factoring Services
for Nursing-Care Facilities
(100 millions of yen)
(100 millions of yen)(10,000 cases)
Financial Services Business:
Number of Transactions/Transaction Volume
9
138
234
341
446
540
60
91
130
160
198
326
471
606
20
32
49
59
70
-10
10
30
50
70
0
200
400
600
800
1000
1200
14/3 15/3 16/3 17/3 17/12
4-12月 1-3月 残高
848
1,022
1,202 1,314 1,354
304
369
405
440
1,153
1,392
1,607
1,755
14/3 15/3 16/3 17/3 17/12
4-12月 1-3月
169 176 193 226 206
79 83 70
101
248 259 264
327
993
1,052
1,106
1,216 1,281
0
200
400
600
800
1,000
1,200
1,400
0
100
200
300
400
500
600
14/3 15/3 16/3 17/3 17/12
4-12月 1-3月 残高
April–
December
January–
March
April–
December
January–
March
Balance
April–
December
January–
March
Balance

10. 5,142 5,327 5,517 5,627 5,662
123 158 187 208 238
612
725
837 958 1,0841,099
1,142
1,231
1,292
1,3756,978
7,354
7,773
8,086
8,361
0.25%
0.19% 0.18% 0.18% 0.16%
-2.50%
-2.00%
-1.50%
-1.00%
-0.50%
0.00%
14/3 15/3 16/3 17/3 17/12
融資
（金融ｻｰﾋﾞｽ／その他）
割賦
オペリース
リース
事故率
• The Operating Assets increased by 27,400 million yen from the end of the previous fiscal year and posted
another record high as a result of steadily capturing contracts in the Leases and Installment Sales Business.
• Bad debts remained flat year on year and with a contribution from the increase in Operating Assets, the Default
Rate declined.
* Default Rate = Default Loss Amount / Average Operating Assets
* Operating Assets shown includes portions of lease receivables.
Operating Assets and Changes in Default Rate
10
(100 millions of yen)
Loans
(Financial
services/Others)
Installment sales
Operating lease
Lease
Default rate

11. 213 216 215 207
154
14 16 18 24
18
23 24 26 25
19
53 55 58 65
49
305 313 318 323
241
4.77% 4.53% 4.35% 4.21% 4.04%
-7.50%
-5.50%
-3.50%
-1.50%
0.50%
2.50%
4.50%
6.50%
14/3 15/3 16/3 17/3 17/12
その他
(受取手数料等)
融資
割賦
リース
差引利益率
* Gross Profit= Net Sales - Cost of Sales (excluding Financial Expenses)
* % of Gross Profit (before deducting Financial Expenses) = Gross Profit (before deducting Financial Expenses) / Average
Operating Assets (For 17/12, the amount of Gross Profit (before deducting Financial Expenses) was annualized to calculate
the % of Gross Profit (before deducting Financial Expenses)).
• Gross Profit (before deducting Financial Expenses) was largely unchanged with a 0.1% decline year-on-
year. Reduced the range of reduction compared to the second quarter.
Transition of Gross Profit
(before deducting Financial Expenses)
11
(100 millions of yen)
Others
(Commission
Received)
Loans
Installment sales
Lease
% of gross profit
(before deducting
Financial
Expenses)

12. Interest-bearing debt outstanding
* Financial Expenses Ratio = Financial Expenses / Average
Operating Assets
* For 17/12, Financial Expenses was annualized to
calculate the Financial Expenses Ratio.
* The balance includes the amount of procurement through
securitized portions of lease receivables.
* Current portion of Long-term liabilities is included in long-
term debt.
• Interest-bearing debt increased in line with the rise in the Operating Assets.
• Continued to procure funds at low interest rates while Financial Expenses and Financial Expenses Ratio
decreased.
Financial Expenses/Financial Expenses Ratio
(100 millions of yen) (100 millions of yen)
Total Procurement Amount and Financial Expenses
12
14.7
11.5 11.0
8.9 8.2
4.7
3.6
3.5
2.7
19.5
15.1
14.5
11.6
0.30% 0.22% 0.20% 0.15% 0.14%
-3.00%
-2.50%
-2.00%
-1.50%
-1.00%
-0.50%
0.00%
0.50%
14/3 15/3 16/3 17/3 17/12
1-3月
4-12月
資金原価率
4,528
4,902
5,378
5,745
6,161
1,459
1,434
1,332
1,121
1,055
5,988
6,337
6,710 6,866
7,217
14/3 15/3 16/3 17/3 17/12
短期
長期
January–
March
April–
December
Financial
Expenses
ratio
Short-
term
Long-
term

13. • Strategy expenses including system costs increased.
• OHR increased by 1.6% year-on-year.
* OHR = (Selling, General and Administrative expenses - Bad debt expenses) / (Gross Profit + Financial Expenses)
Changes in Selling, General and
Administrative Expenses
13
(100 millions of yen)
47 48 50 50 51
43 44 44 44 46
2
7 6 8 893
99 100 103 106
39.8% 39.6% 39.7%
39.0%
40.6%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
0
20
40
60
80
100
120
140
160
13/12 14/12 15/12 16/12 17/12
貸倒費用
その他
人件費
OHR
Bad debt
expenses
Others
Personnel
expenses
OHR

14. 3. Consolidated Income Forecast for the
Fiscal Year Ending March 2018
14

15. Consolidated Income Forecast
15
(100 millions of yen)
17年3月期
実績 予想 伸率
売上高 2,911 2,973 2.1%
売上総利益 311 313 0.5%
販売管理費 138 145 4.9%
営業利益 173 168 △3.1%
（営業利益率） 6.0% 5.7% △0.3%
経常利益 171 165 △4.0%
当期純利益 117 113 △4.0%
前年差
１株当り配当金（円） 60.00 70.00 10.00
１株当り純利益（円） 377.12 361.99 △15.13
配当性向 15.9% 19.3% 3.4%
ROA （総資産当期純利益率） 1.31% 1.21% △0.10%
ROE （自己資本利益率） 7.8% 7.1% △0.7%
前年差
営業資産残高 8,086 8,385 299
18年3月期
*The Operating Assets shown includes securitized portions of lease receivables.
17/3
Actual
Net Sales
18/3
Growth RateForecast
Gross Profit
SGA Expenses
Operating Profit
(Operating Profit / Net Sales)
Ordinary Profit
Net Income
Dividend per share
Earnings per share
Dividend Payout Ratio
ROA (Return on Assets Ratio)
ROE (Return on Equity Ratio)
Operating Assets
Year-on-year change
Year-on-year change
( )
( )
( )
( )
( )
( )
( )

16. Transaction Volume Forecast by Business
16
(100 millions of yen)
(100 millions of yen)
* Transaction volumes are presented on an inspection basis.
 Leases and Installment Sales Business
 Financial Services Business
17年3月期
実績 予想 伸率
集金代行取扱件数 1,755万件 1,860万件 6.0%
医療・介護ファクタリング取扱高 606 710 17.1%
融資取扱高 327 270 △17.6%
18年3月期
Number of Transactions of Collection Agency
Services (10,000 cases)
Transaction Volume for Medical/Nursing-Care
Factoring
Loan Transaction Volume
Fiscal Year Ending
March 2017
Actual
Fiscal Year Ending March 2018
Forecast Growth Rate
cases cases
( )
17/3
Actual Forecast Growth Rate
Office and IT-Related Equipment 1,801 1,835 1.9%
Medical Equipment 415 390 (6.2%)
Industrial Machinery 321 360 12.1%
Commercial and Service Equipment 335 340 1.3%
Transport Equipment 168 170 1.1%
Others 320 355 10.7%
Total 3,362 3,450 2.6%
18/3

17. <Contact>
Ricoh Leasing Company, Ltd.
Corporate Planning Department
Tel: 03-6204-0608
Email: ir@rle.ricoh.co.jp
URL: http://www.r-lease.co.jp
Reliability
for
the Future
Ricoh Leasing Company,
Ltd.