Ninestar Discusses Konica Minolta Partnership, Reports Half-Year Results
On August 28th, 2019, Ninestar Corporation of China, which owns Lexmark International and Pantum, and Konica Minolta of Japan held a strategic meeting in Zhuhai, China. The two companies have created a partnership to further their cooperation in products, markets, and other areas, which Ninestar says “shall strengthen product competitiveness for both parties and help fulfill customer demand in all perspectives.”
Since 2016, Ninestar and Konica Minolta have formed a strategic alliance and have had a “close collaboration on A3 copiers, A4 printers, 3D printers, as well as integrated circuit products.”
The majority shareholder of Ninestar owns two well-known global printer brands: Lexmark and Pantum, whose full product lines cover the high-, mid- and low- end markets, with sales in most of the countries across the world. Konica Minolta is a global industry leader in A3 copiers and Production Printers, among other areas. The senior management from both Ninestar and Konica Minolta expressed that a close strategic collaboration will create “win-win results” for both companies.
Looking forward, Ninestar and Konica Minolta will continue to work together as strategic partners, and contribute further to the development of printing industry by launching innovative products and offering effective printing solutions to our customers.
For the first half of its fiscal year that ran from January 1 to June 30, 2019, Ninestar reported operating income of $1.504 billion, a 3.44 percent year-over-year increase, and net profit of $52.046 million, an increase of 19.27 percent year-over-year.
Ninestar reported operating income of $179.405 million for its printer-consumables business, a 22-percent year-over-year increase, and net profit of $2.14 million, an 18-percent year-over-year increase.
Operating income for Ninestar’s Static Control Components was $5.668 million, and net profit was $844,701, up 123 percent year-over-year, with sales of high-end consumables up.
Ninestar’s Pantum reported sales of 483,000 printers in the first half of the year, an increase of 57 percent, and sales revenue was up by 170 percent.
Ninestar’s Lexmark reported operating income of $1.147 million for the first half, which was essentially flat year-over-year. Printer sales totaled 646,000 units, a 3-percent year-over-year decline. Ninestar said this was due to Lexmark tightening its sales promotion in Europe. On a positive note, Lexmark’s printer sales in the second quarter were up 7-percent year-over-year. Sales for managed print services (MPS) were up 33 percent year-over-year.
- July 2019: Ninestar Reports Preliminary Results for First Half
- July 2019: Ninestar Files Ink-Cartridge Patent-Infringement Lawsuit
- May 2019: Ninestar Reports Results for Fiscal Year
- April 2019: Ninestar to Buy Stake in Lenovo’s Printer Business
- March 2019: Ninestar Comments on ITC Patent-Infringement Decision
- January 2019: Ninestar Says Its Cartridges Comply with Environmental Regulations
- September 2018: Ninestar Building New Laser-Printer Factory; Announces Ninestar, Lexmark Financial Results
- April 2018: Ninestar to Manufacture Laser Printers