Review of Document-Imaging Companies’ Latest Financial Results

With virtually all document-imaging companies having released their latest quarterly results, following is a summary of those results.

Note that for virtually all companies, their latest quarter was their first quarter, which ended on June 30, 2022. The exceptions are Canon Inc. and Xerox; these companies’ latest quarter was their second quarter, which also ended on June 30, 2022.

The first chart summarizes each company’s financial results. The second chart summarizes the financial results of each company’s document-imaging group.

Overall, most companies reported lack of components, particularly computer chips, as well as rising costs for both components and shipping. Most also continue to deal with logistics delays. Japan-based companies also reported favorable effects due to a depreciating yen. Another trend virtually all companies reported were large equipment backorders.

Those companies reporting losses were Konica Minolta, OKI Electric, Toshiba Tec, and Xerox. Ricoh made the sharpest improvement, while Kyocera, and Canon continued to do well.

Ninestar Corporation

Ninestar Corporation released its first-half results at the end of August, after we published this post. To update, Ninestar reported  a 102.5 percent year-over-year increase in profit for its first half, and revenue was up 10 percent year-over-year to 12.3 billion yuan ($1.78 billion).

Lexmark posted $1.16 billion in revenue, a 9.34 percent year-over-year increase, and net profit  was $44.82 million, up 111.56 percent year-over-year.

HP Inc.

HP released its third quarter financial results at the end of August, also after we published this post. To update, it reported net revenue of $14.7 billion, down 4.1 percent year-over-year and net earnings of $1.1 billion, up 1.1 percent year-over-year.

For a more detailed look at each company’s financial results, see “More Resources” below.

Company Financials for Latest Quarter

 

YOY = Year-over-year

Financial Results for Document-Imaging Businesses

More Resources

• August 2020: HP Revenue Down, Earnings Flat for Latest Quarter
• August 2022: Mixed Results for Brother’s First Quarter
• August 2022: Fujifilm and Business Innovation Business Report First-Quarter Results
• August 2022: Excellent Quarter for Kyocera, But Some Slowdown for Document Solutions Business
• August 2022: OKI Sales, Profits Dip in First Quarter, Cites Material Shortages and Costs
• August 2022: Ricoh Reports Strong First-Quarter Results
• August 2022: Sharp Reports Mixed Results for First Quarter, Maintains Forecast
• August 2022: Toshiba Reports Operating Loss for Quarter, Surging Costs
• August 2022: Toshiba Tec Reports Loss for Quarter, But MFP Sales and Profit Increase
• July 2022: Canon Reports Sixth Consecutive Quarter of Growth, Raises Forecast
• July 2022: Epson Reports Positive First-Quarter Results Despite Product Shortages, Logistics Delays
• July 2022: Konica Minolta Reports Losses, But Also Revenue Increases for Latest Quarter
• July 2022: Xerox Reports Loss, Revenue Decline for Second Quarter