Konica Minolta Slashes Forecast in Wake of COVID-19
in March, as the COVID-19 pandemic spread across the world, Konica Minolta saw a “dive in sales of (its) main products and services,” which affected both revenue and operating profit.
Category: Financial News
Office-Imaging Companies’ Share Prices Take Big COVID-19 Hit
The COVID-19 pandemic has affected the world in a myriad of ways, with one effect being tumbling stock markets that......
Declines for Brother’s Fiscal Year, But Gains in Fourth Quarter
Brother Industries of Nagoya, Japan, today released financial results for its fiscal year that ended on March 31, 2020. Overall,......
Sharp Slashes Fiscal-Year Forecast
Sharp Corporation today announced that it’s revising its forecast for net sales, operating profit, and profit for its fiscal year......
Ricoh Hit by Slumping Sales of Office Equipment Due to COVID-19
One bright spot however was demand for Ricoh office IT services, which continued to grow during the year.
Konica Minolta Postpones Reporting of Financial Results
Konica Minolta of Tokyo, Japan, reported today that it’s postponing the announcement of its financial results for its fiscal year......
This Week in Imaging: ‘This Isn’t the Year We Planned for”
“This isn’t the year we planned for. This is the one we have,” Xerox CEO and EVP John Visentin said......
Ninestar Reports Full-Year, First Quarter Financial Results
Ninestar had also noted that its Lexmark group had achieved a steady profit increase for two consecutive quarters.
Epson Reports Steep Profit Declines for Fiscal Year
One bright spot however was increased sales of ink-tank inkjet printers, as the COVID-19 pandemic created demand for printing at home.
Xerox Execs Discuss Page Volumes, Installations, and Recovery
Xerox expects a difficult second quarter, but with businesses expecting to re-opening late in the second quarter, returning to plan in the fourth quarter.
Xerox Revenue, Earnings Take Hit from Covid-19 Pandemic
Revenue was slammed by much lower page volumes and delayed equipment installations.
Kyocera Reports Fiscal Results, Takes Hit in Fourth Quarter
Sales revenue for Kyocera’s Document Solutions and Electronic Devices groups declined due to a prolonged inventory adjustment and the slowdown of the global economy resulting from the spread of Covid-19.
Canon Reports Sharp Sales, Income Declines for First Quarter
Canon Inc. of Tokyo, Japan, has reported results for its first quarter, the three months ending on March 31, 2020.......
Ninestar Forecasts Lower Profits for First Quarter Due to COVID-19
Ninestar Corporation of Zhuhai, China, and parent company of Lexmark International, Static Control Components, and other subsidiaries, is forecasting a......
Ninestar Reports Preliminary Results for 2019
Lexmark’s business continues to improve, and total profits increased significantly.
Ricoh Transferring Shares of Leasing Company; Also Revises Forecast
On March 9th, Ricoh Company of Tokyo, Japan, announced that it will sell a portion of its shares in Ricoh......
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