Konica Minolta of Japan reported earnings down 21 percent for its fiscal year 2012, with sales down 1.3 percent, but production-print and office MFP hardware sales were up. The company also announced that it was acquiring FedEx Kinko’s Japan (see below). As with many Japanese companies, in its export business, Konica Minolta has been hit by [...]
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Sharp Reports Lower Sales, Loss, but Sales Up for Color MFPs
Sharp Corporation of Japan reported that for fiscal year 2011, sales were 2,455.8 billion yen, down 18.7 percent compared to the previous year, and reported a loss of 376.0 billion yen, which it attributed to restructuring charges and the reversal of deferred tax assets, both of which exceeded 100.0 billion yen. For its office-imaging segment, sales [...]
Kodak Reports 1st Quarter Results, 34 Percent Increase in Ink Revenue
Eastman Kodak, which filed for Chapter 11 bankruptcy protection in January, reported first-quarter revenue of $965 million, a 27 percent decline versus first-quarter 2011, and a first-quarter loss of $366 million, compared with a loss of $246 for first-quarter 2011. Kodak says the declines reflects its exiting of the digital-camera market, continued decline of traditional [...]
Kyocera Japan Sales, Income Down, But Optimistic for Coming Fiscal Year
Kyocera Corporation of Japan just released its financial results for its fiscal year ended March 31st, 2012, with sales down 6 percent, and income down 32.3 percent, with the firm citing the yen’s continued appreciation against the euro and U.S. dollar, weak demand for components used in consumer electronics equipment, and a decline in sales of [...]
Canon Earnings Up 11 Percent for First Quarter, Projects 16 Percent Earnings Increase for Full Year
Canon Inc. of Japan reported first-quarter earnings that were up 11 percent versus the same quarter a year ago, and revised its full-year earnings projection for 2012, which it now says will be up 16 percent compared to fiscal 2011. First-quarter 2012 results represent Canon’s third consecutive quarter of earnings and revenue growth, despite a slight decrease [...]
Lexmark’s 1st Quarter Earnings Down, but Software Revenue Up 10 Percent
Lexmark reported earnings of $61 million for first-quarter 2012, versus earnings of $83 million for first-quarter 2011, but notes earnings were affected by restructuring charges and the acquisition of three software companies in first-quarter 2012 (Brainware, ISYS, and Nolij). First-quarter 2012 revenue was $992 million, compared to $1.034 billion for first-quarter 2011. Earnings per share were [...]
Xerox Earnings Down for 1st Quarter, Services Revenue Up 10%
Xerox reported first-quarter earnings of $269 million, down from the $281 million it reported for first-quarter 2011. Total revenue was $5.5 billion, up 1 percent versus first quarter 2011, with services revenue up 9 percent and technology revenue down 5 percent. Earnings per share were flat at 19 cents. The firm reports that its growth in services [...]
EFI Reports Ninth Consecutive Quarter of Revenue Growth
Electronics For Imaging (EFI) reported revenue of $160.1 million, up 14 percent compared to first-quarter 2011 revenue of $140.1 million. First-quarter net income was $6.2 million, or $0.13 per diluted share, compared to $6.2 million, or $0.13 per diluted share, for the same period in 2011. The 14-percent revenue growth marks EFI’s ninth consecutive quarter of [...]
New President Takes the Helm at Sharp Corporation
Forecasting a loss for its fiscal year, Sharp Corporation of Japan has named a new president, Takashi Okuda, who replaces Mikio Katayama, who will become chairman. Okuda, whose current position is Group General Manager for the Global Business Group, will become president April 1. For the last nine months of Sharp’s fiscal year, sales were down 18.3 percent compared [...]
HP Earnings Down for 1st Quarter; CEO Whitman Hints at More Research & Development
Hewlett-Packard reported first-quarter revenue of $30.0 billion, down 7 percent from the prior-year period, and earnings of $1.5 billion, down 44 percent from the prior-year period, but did meet its earning outlook. Non-GAAP diluted EPS was $0.92, down 32 percent from the prior-year period. Revenue in HP’s commercial businesses declined 4 percent year-over-year. Revenue in HP’s [...]
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