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Recently, global office equipment leaders such as Ricoh, Canon, Epson, and Brother released their latest fiscal reports, showing an overall industry trend of slowing hardware demand, stable consumables performance, and accelerated digital transformation.
Ricoh: Digital transformation drives profit growth
In FY2025, Ricoh recorded total sales of JPY 2.61 trillion, up 3.2% year-on-year. Operating profit increased by 42.1%, while net profit grew 21.8%, showing strong profitability improvement. Digital services became the company’s core business, accounting for 76.2% of total revenue, including office equipment, IT services, and business solutions. Ricoh continues to strengthen its digital service transformation and expand its industrial printing business to enhance overall market competitiveness.
Canon: Record revenue, but pressure on printing business profits
In the first quarter of FY2026, Canon achieved total revenue of JPY 1.09 trillion, reaching a record high for the same period with a 3.3% year-on-year increase. However, rising costs and increased R&D investment led to a decline in profits. Printing business sales remained flat compared to last year, while profits decreased. Overall market demand weakened, and enterprise purchasing became more cautious. Consumables business remained stable and continued to support overall performance.
Epson: Profit decline, while printing consumables demand remains stable
In FY2025, Epson reported total revenue of JPY 1.41 trillion, up 3.7% year-on-year. Net profit declined by 67%, mainly due to asset impairment losses. Revenue from the printing solutions business increased by 5%, driven by strong demand for high-capacity ink tank printers, while the consumables market remained stable. The company expects both revenue and profits to recover significantly in the next fiscal year.
Brother: Steady growth in printing business drives record performance
In FY2025, Brother Industries reported revenue of JPY 893.46 billion, while net profit increased by 23.5% year-on-year, both reaching record highs. Printing and solutions business contributed more than 60% of total revenue, supported by recovering hardware sales and stable consumables demand, making it the group’s main profit driver. The industrial printing business also maintained steady growth, further supporting overall performance.
Industry Trend Summary
The global office equipment market is seeing slower hardware demand, while consumables demand remains stable and essential. At the same time, digital transformation and intelligent office solutions are accelerating across the industry. Leading companies continue increasing investment in AI, cloud printing, and smart office technologies, shifting competition from hardware products to integrated service capabilities.
Source: Industry information compiled from publicly available financial reports, for reference only.
About Kolit
Founded in 2018, Guangdong Kolit Copier Technology Co., Ltd. (Brand: Kolit) is a professional supplier of MPS solutions. It focuses on the R&D, production and sales of complete copier units, remanufactured equipment, high-quality toner and core accessories. Equipped with a sound manufacturing system, nationwide service network and professional technical team, the company serves over 30,000 MPS users across the country. It is committed to delivering stable, cost-effective and sustainable office printing solutions for global clients.
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