Konica Minolta Continues to Grow Profits

Advertisements

Last week, Konica Minolta of Japan reported results for its fiscal third quarter (the nine months that ended on December 31, 2018), recording revenue of 775.5 billion yen, a 3.6 percent year-over-year increase. Operating profit was 50.5 billion, an increase of 73.6 percent year-over-year. Gains in operating profit was due to both operating-profit increases for both the Office Business and Professional Print Business, and to the sale or lease-back of real estate, which amount to 20.2 billion yen.

Profit for the nine months amounted to 33.7 billion yen, an 81.2 percent year-over-year increase.

Revenue for the Office Business group was 436.4 billion, a 2.1 percent increase, and operating profit was 34.3 billion yen, a 14.7 percent increase, with both year-over-year. Revenue for the Professional Print Business was 165.0 billion yen, a 6.5 percent increase, and operating profit was 8.7 billion yen, a 72.4 percent increase, with both year-over-year.

Both revenue and operating profit was down year-over-year for Konica Minolta’s Healthcare and Industrial Business. Revenue was down 8.6 and 1.9 percent respectively, year-over-year, and operating profit was down 69.6 and 3.2 percent, respectively, year-over-year.

Office Business

While sales of monochrome A3 copier/MFPs declined, sales of color models increased, resulting in an overall sales increase. Revenue from IT services also increased.

Professional Print Business

Sales of both monochrome and color models increased year-over-year. Sales of color models increased in Europe and North America. In developing economies, such as China, sales “increased considerably.”

Forecast

For its complete fiscal year that will end on March 31, 2019, Konica Minolta is forecasting 108.0 billion in revenue, up 4.7 percent year-over-year; operating profit of 64 billion yen, up 18.9 percent year-over-year; and profits of 40 billion yen, up 24.0 percent year-over-year.

Advertisements

More Resources

Advertisements
%d bloggers like this: