Ricoh Co. Stock Hits Day Low of JPY 1,301 Amid Price Pressure

Ricoh Co., Ltd., a mid-cap player in the IT hardware sector, experienced a notable decline today, with its stock price dropping by 6.24% to reach an intraday low of JPY 1,301.00. This performance contrasts sharply with the Japan Nikkei 225, which fell by only 1.01% on the same day. Over the past week, Ricoh's stock has shown a slight increase of 0.5%, but its longer-term performance reveals a more challenging landscape. The company has seen a decline of 5.63% over the past month and a significant drop of 21.59% over the past year. Year-to-date, Ricoh's performance is down by 27.82%, while the Nikkei 225 has gained 20.54% during the same period. Key financial metrics indicate that Ricoh is facing difficulties in profitability, with a Return on Capital Employed (ROCE) of just 3.11% and a Return on Equity (ROE) of 4.79%. Additionally, the company's ability to service its debt appears weak, as evidenced by an EBIT to Interest ratio of 3.40. Despite these challenges, Ricoh maintains a high dividend yield of 0.08%, reflecting its commitment to returning value to shareholders.