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Konica Minolta : Presentation Slides for Q1/March 2023 Consolidated Financial Results
July 28, 2022 at 04:18 am EDT
Konica Minolta, Inc.
1st Quarter/FY2022 ending in March 2023 Consolidated Financial Results
Toshimitsu Taiko
President and CEO
Three months : April 1, 2022 - June 30, 2022 - Announced on July 28, 2022 -
© KONICA MINOLTA 1
FY2022 Q1 Performance Overview and
FY2022
Earnings Forecast
FY2022 Q1 Performance | Summary
Brought forward some structural reforms and overall progress somewhat exceeded expectations
Revenue
Revenue increased in Professional Print and Healthcare Business, decreased in Industry Business.
Although Digital Workplace Business received stable orders, order backlog increased owning to lockdowns in Shanghai in addition to semiconductor and other components shortage.
Operating Profit and Cash Flows
Operating profit: Even revising prices, Operating profit decreased due to worsened gross profit ratio owning to rapid increases in components and logistics expenses, increased SG&A owning to air transportation, recorded business structural reform (Digital Workplace Business) of ¥3.5 billion.
FCF: Negative owing to the loss in the period and an increase in inventories in transit and component inventory stockpiling,
etc.
FY2022
FY2021
Y0Y
Y0Y
1Q
1Q
(W/O Forex)
[¥ billions]
Revenue
247.8
229.9
8%
-1%
Gross Profit
104.8
101.3
3%
-5%
Gross Profit ratio
42.3%
44.1%
-1.8pt
SG & A
110.7
99.2
12%
+4%
Business Contribution Profit
-5.9
2.1
-
-
Operating Profit
-11.0
3.1
-
-
Profit attributable
to owners of the Company
-8.7
1.0
-
FCF
-24.9
-2.8
-
(*) Business contribution to
profit calculated by adding
FOREX [Yen]
other income and costs
USD
129.57
109.49
back to operating profit
EUR
138.12
131.96
under IFRS
© KONICA MINOLTA 3
FY2022 Q1 Performance | Revenue & Operating Profit by Segment
Revenue
Digital Workplace Professional Print Healthcare Industry Corporate, etc. Company overall
Operating Profit
Digital Workplace Professional Print Healthcare Industry Corporate, etc. Company overall
FY2022
FY2021
Q1
Q1
128.9
121.2
55.1
47.9
28.7
25.2
34.9
35.2
0.3
0.3
247.8
229.9
FY2022
FY2021
Q1
Q1
-7.6
-
1.1
0.9
2%
1.0
-6.5
-
-3.2
6.2
18%
8.0
-4.1
-
-3.7
-11.0
-
3.1
[¥ billions]
YoY
YoY
(W/O Forex)
+6%
-3%
+15%
+5%
+14%
+3%
-1%
-7%
-7%
-1%
+8%
-1%
YoY
YoY
(W/O Forex)
-
-
-4%
-96%
-
-
-22%
-31%
-
-
-
-
© KONICA MINOLTA 4
FY2022 Q1 Performance | Factors of Increase/Decrease of Operating Profit
•
Impact of Shanghai lockdowns -3.4
:will be recovered in this fiscal year
•
Air freight expense -2.9
:will be needed in this fiscal year because of tonner factory accidents
•
Logistics expenses spikes-1.8
:will be absorbed by price revision
Price change(+2.1) and sales volume change (+1.2) absorbed increases in components expenses
Sales volume change in Digital Workplace (-0.6) is affected by semiconductor shortage
Air freight
Sales volume
expenses
change, and other
・ DW
-1.1
・ DW -0.6
・ PP
-1.8
・ PP
+3.1
・ HC -0.2
・ In
-0.8
・ CO -0.3
Forex impact ・ DW -0.1・ PP +0.9 ・ HC -0.8・ In +0.8
Structural reform
・ DW -2.8・ PP -0.1・ HC -0.1
[¥ billions]
FY22 Q1
Result
-11.0
Shanghai lockdowns ・ DW -1.5
・ PP
-1.0
DW: Digital Workplace
・ HC -0.3
・ In
-0.7
PP: Professional Print
HC: Healthcare
In: Industry
CO: Corporate, etc
Logistics expenses ・ DW -0.8・ PP -1.0
Price change ・ DW +1.7 ・ PP +0.7 ・ HC -0.1・ In -0.2
SG&A change ・ DW -1.1・ PP -1.0・ HC -1.0・ In -0.9
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Disclaimer
Konica Minolta Inc. published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 28 July 2022 08:17:07 UTC .
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Period Day Week
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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%).
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483
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