UPDATE 1-Ricoh eyes 10 pct operating profit margin in 5 yrs

* Targeted 10 pct margin compares with 2.3 pct for 2009/10

* Aims for ROE of 12 pct in 5 yrs vs 1.6 pct for 2009/10

* Shares up 1.9 pct vs Nikkei's 0.6 pct gain (Adds detail, share price, background)

TOKYO, March 12 (Reuters) - Japanese copier and printer maker Ricoh Co Ltd (7752.T) said on Friday it is aiming for an operating profit margin of 10 percent and return on equity of 12 percent in five years.

Ricoh is forecasting an operating margin of 2.3 pct and return of equity of 1.6 percent for the financial year ending this month.

Makers of copiers and printers including Ricoh and rival Canon Inc (7751.T) have yet to see a convincing recovery in demand for office equipment as their corporate clients continue to rein in spending since the global economic downturn.

Following the announcement, shares of Ricoh were up 1.9 percent at 1,376 yen, outperforming the Nikkei average .N225, which rose 0.6 percent. (Reporting by Kiyoshi Takenaka)