Sales Growth in Konica Minolta’s Copier/MFP Group ‘Drives Growth’ for Entire Company
For its latest quarter, the Konica Minolta Group of Tokyo reported net sales of 228.2 billion yen, an increase of 4.5 percent versus the same quarter a year ago, with the firm noting that “sales growth in the Business Technologies Business drove momentum for the entire Group.”
Operating income was 11.6 billion yen, an increase of 49.1 percent versus the same quarter a year ago, due to higher profits in the firm’s Business Technologies Business along with the contribution from a “positive momentum in profit for the Industrial Business.”
Ordinary income was 10.4 billion yen, an increase of 48.2 percent versus the same quarter a year ago, due to an increase in operating income. Income before income taxes and minority interests was 11.7 billion yen, an increase of 95.2 percent versus the same quarter a year ago, due in part, says the firm to the recording of a gain on sales of certain manufacturing equipment in glass substrates for the HDDs business that Konica Minolta ended in the previous fiscal year.
Net income totaled 5.6 billion yen. However, Konica Minolta recorded 9.2 billion yen in tax effects resulting from a review of its deferred tax assets in line with reorganization of the company’s management system in the same term of the previous fiscal year, which led to a year‐on‐year increase in tax expenses and a decline in income of 4.1 billion yen.
In Konica Minolta’s Business Technologies Business, sales of A3 color MFPs in the office market expanded compared with the same period a year ago. “Hybrid‐type” sales that combine MFPs with IT services produced “good results” in Europe and the United States. In the commercial and industrial printing market, new Konica Minolta products also contributed to sales growth, with sales growing versus the same quarter a year ago. In its inkjet commercial-printing business, strong sales continued, particularly for inkjet print heads and ink for industrial-printing use.
In Konica Minolta’s Healthcare Business, sales of digital X‐ray diagnostic imaging systems were generally “sluggish,” due to a decline in demand following a consumption tax increase, as well as due to the impact of a revision of medical-treatment fees in Japan. Sales of film products increased year-over-year due to rising demand in emerging-economy countries.
In Konica Minolta’s Industrial Business, its industrial optical-systems business posted sales growth following the continued effects of M&As in the sensing market. Sales of lenses for industrial and professional use were “robust.” In the performance-materials market, the entire small‐ and mid-size panel market continued to improve, with a shift to strong demand for large LCD TVs, which resulted in year‐over‐year gains in sales volumes for TAC films for LCD polarizers and VA‐TAC films for increasing viewing angle.
Konica Minolta’s full-year outlook remains unchanged, with the firm forecasting net sales of 26 billion yen in net income.