Konica Minolta, Inc. Provides Earnings Guidance for the Second Half of 2021 and Full Year of 2022 and Revises Earnings Guidance for the Full Year Ended March 31, 2021
October 29, 2020 at 03:00 am EDT
Share
Konica Minolta, Inc. provided earnings guidance for the second half of 2021 and full year of 2022 and revised earnings guidance for the full year ended March 31, 2021. For the year, the company now expects to report revenues of JPY 870,000 million, operating loss of JPY 13,000 million and loss attributable to owners of the company of JPY 18,000 million or JPY 36.33 per basic share. Management target is JPY 40 billion as an operating profit, and it is working on that target. And what is the major initiative for that is to shift the revenue structure in order to increase the probability of achieving this JPY 40 billion.
For the second half, the company expects revenue to be JPY 485.3 billion and operating profit at JPY 14.9 billion. Forecast for net profit is JPY 4.2 billion.
And as for the fiscal 2022, the target for operating profit is JPY 55 billion.
Konica Minolta, Inc. specializes in the design, manufacturing and marketing of printing, photography, medical imaging and measuring equipments. Net sales break down by family of products as follows:
- office equipments (51.1%);
- professional printing equipment (21.4%): laser printer, consumables, multifunctional peripherals, etc.;
- electronic and optical equipments (15.3%): plastic and molded glass lenses, display components, screen, memory units, etc.;
- medical equipments (12.1%): primarily imagery and graphic equipments and measuring equipments;
- other (0.2%).
Net sales break down geographically as follows: Japan (19.5%), China (10.5%), Asia (9.4%), Europe (28.6%), the United States (25.3%) and other (6.7%).
Konica Minolta, Inc. Provides Earnings Guidance for the Second Half of 2021 and Full Year of 2022 and Revises Earnings Guidance for the Full Year Ended March 31, 2021
KONICA MINOLTA, INC. 
