Sales and Income up at Konica Minolta Japan
Konica Minolta of Japan reported that for its first quarter ending June 30th, both net income and sales were up, and for its entire fiscal year ending March 31, 2013, is forecasting that sales and net income will be up 4.2 percent and 7.7 percent respectively, both versus fiscal 2012.
In its Business Technologies Business (digital-imaging equipment such as office MFPs), net sales and operating income fell year-over-year, which the firm attributes to the appreciation of the Japanese yen. Sales were roughly in line with targets however. In its Industrial Business, sales and operating income rose sharply year-over-year, which the firm attributes partly to this group’s restructuring in April. The Healthcare Business posted an operating loss, though the loss was an improvement versus the same quarter a year ago.
Within the Business Technologies group, sales were down 3 percent for the quarter; however, when the effects of foreign currency exchange rates are taken into account, sales would have been up 3 percent. Income for the Business Technologies group was down 16 percent, but when the effects of foreign currency are taken into account, would have been up 91 percent. Overall, Konica Minolta says sales were in line with its sales plan, which takes into account the launch of new office color MFPs in its upcoming second quarter. Orders increased for production-printing systems in the latter part of the quarter. Also for the quarter:
- Sales for A3 office MFPs were solid, especially in the United States and emerging markets, while sales for these products slowed in South Europe, but the decline was within expectations.
- Sales of production-printing systems fell in Japan and North America, but were up 36 percent in China. Sales of high-end color systems rose significantly.
Additional information is available here.