July 29, 2021
Summary of Consolidated Financial Results for the Three Months Ended June 30, 2021
[IFRS]
Company name: | Konica Minolta, Inc. | ||||||
Stock exchange listings: | Tokyo (First Section) | ||||||
Securities code number: | 4902 | ||||||
URL: | http://konicaminolta.com | ||||||
Representative: | Shoei Yamana | ||||||
Contact: | President and CEO, Representative Executive Officer | ||||||
Toru Tanaka | |||||||
Telephone number: | General Manager, Corporate Accounting Division | ||||||
(81) 3-6250-2111 | |||||||
Scheduled date for dividends payment: | - | ||||||
Scheduled date for submission of | August 6, 2021 | ||||||
securities report: | |||||||
Availability of supplementary information | Yes | ||||||
for the quarterly financial results: | |||||||
Organization of briefing on the quarterly | Yes (for institutional investors) | ||||||
financial results: | |||||||
(Amounts less than one million yen are rounded down to the nearest million yen.) | |||||||
1. Consolidated financial | results for the | three | months ended June | 30, | 2021 (from April 1, 2021 to | ||
June 30, 2021) | |||||||
(1) Consolidated results of operations | |||||||
(Percentage figures represent changes from the same period of the previous fiscal year.) | |||||||
Three months ended | Revenue | Operating profit | Profit before tax | ||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
June 30, 2021 | 229,860 | 32.7 | 3,103 | - | 2,549 | - | |
June 30, 2020 | 173,167 | -28.4 | (22,639) | - | (23,801) | - | |
Three months ended | Profit for the period | Profit attributable to | Total comprehensive | ||||
owners of the Company | income | ||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
June 30, 2021 | 871 | - | 978 | - | 3,765 | - | |
June 30, 2020 | (17,446) | - | (17,305) | - | (18,259) | - | |
Basic earnings | Diluted | |
Three months ended | earnings per | |
per share | ||
share | ||
Yen | Yen | |
June 30, 2021 | 1.98 | 1.98 |
June 30, 2020 | (34.96) | (34.96) |
(Note) Basic earnings per share and diluted earnings per share are calculated based on the profit attributable to owners of Konica Minolta, Inc. (the "Company").
(2) Consolidated financial position
Equity | Equity ratio | |||||||||||||
Total assets | Total equity | attributable to | attributable to | |||||||||||
owners of the | owners of the | |||||||||||||
As of | Company | Company | ||||||||||||
Millions of yen | Millions of yen | Millions of yen | % | |||||||||||
June 30, 2021 | 1,271,449 | 547,140 | 536,210 | 42.2 | ||||||||||
March 31, 2021 | 1,299,752 | 550,703 | 539,888 | 41.5 | ||||||||||
2. Dividends per share | ||||||||||||||
End of the | End of the | End of the | End of the | |||||||||||
three-month | six-month | nine-month | Total | |||||||||||
year | ||||||||||||||
period | period | period | ||||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||
Fiscal year ended | − | 10.00 | − | 15.00 | 25.00 | |||||||||
March 31, 2021 | ||||||||||||||
Fiscal year ending | − | |||||||||||||
March 31, 2022 | ||||||||||||||
Fiscal year ending | 15.00 | − | 15.00 | 30.00 | ||||||||||
March 31, 2022 (forecast) | ||||||||||||||
(Note) Changes from the latest dividend forecasts: None
3. Consolidated forecasts for the fiscal year ending March 31, 2022 (From April 1, 2021 to March 31, 2022)
(Percentage figures represent changes from the previous fiscal year.)
Fiscal year | Profit attributable to | Basic earnings | |||||
Revenue | Operating profit | owners of the | |||||
per share | |||||||
ending | Company | ||||||
Millions of yen | % | Millions of yen | % | Millions of | % | Yen | |
yen | |||||||
March 31, | 940,000 | 8.9 | 36,000 | − | 19,000 | − | 38.50 |
2022 | |||||||
(Note) Changes from the latest consolidated forecasts: None
- Notes
- Changes in significant subsidiaries for the three months ended June 30, 2021 (changes in the scope of consolidation): None
- Changes in accounting policies or changes in accounting estimates a. Changes in accounting policies required by International
Financial Reporting Standards (IFRS): | None |
b. Changes in accounting policies other than the above a.: | None |
c. Changes in accounting estimates: | None |
(3) Number of issued and outstanding shares (common stock) |
a. Number of issued and outstanding shares (including treasury shares)
As of June 30, 2021: | 502,664,337 shares |
As of March 31, 2021: | 502,664,337 shares |
b. Number of treasury shares | 9,136,639 shares |
As of June 30, 2021: | |
As of March 31, 2021: | 9,155,998 shares |
c. Average number of issued and outstanding shares during the year | |
The three months ended June 30, 2021: | 493,516,433 shares |
The three months ended June 30, 2020: | 495,001,762 shares |
(Note) The Company has established the Board Incentive Plan in which beneficiaries include Directors, Executive Officers, Group Executives, and Technology Fellows. The shares owned by the trust account relating to this trust are accounted for as treasury shares (2,796,017 shares as of June 30, 2021, and 2,809,437 shares as of March 31, 2021).
- This summary of quarterly consolidated financial results falls outside the scope of quarterly review procedures to be performed by certified public accountants or an audit firm.
-
Explanation concerning the appropriate use of the forecasts for results of operations and other special matters
Note on the forecasts for the consolidated financial results
The forecasts for results of operations in this report are based on information currently available to the Company and its subsidiaries (the "Group") and certain assumptions determined to be reasonable, and are not intended to assure any achievement of the Group's operations. Actual results may differ significantly from the forecasts due to various factors. For further details of the assumptions that form the basis of the of the forecasts and other related matters when referring to the forecasts, see "1. QUALITATIVE INFORMATION ON FINANCIAL RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 2021, (3) Explanation Regarding the Forecasts for the Consolidated Financial Results" in the attached Supplementary Information on page 8.
Supplementary information for the quarterly financial results and briefing on the quarterly financial results
The Company will hold a briefing on the quarterly financial results for institutional investors on Thursday, July 29, 2021. The proceedings and details of the briefing, along with the supplementary information on the quarterly financial results to be presented at the briefing, will be posted on the website of the Group soon after the briefing.
Supplementary Information
Table of Contents | ||
1. QUALITATIVE INFORMATION ON FINANCIAL RESULTS FOR THE THREE MONTHS ENDED | ||
Qualitative Information on the Consolidated Operating Results | ||
(2) | Qualitative Information on the Consolidated Financial Position | 7 |
(3) | Explanation Regarding the Forecasts for the Consolidated Financial Results | 8 |
2. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND RELATED NOTES | 9 | |
(1) | Condensed Consolidated Statements of Financial Position | 9 |
(2) | Condensed Consolidated Statements of Profit or Loss | 11 |
(3) | Condensed Consolidated Statements of Comprehensive Income | 12 |
(4) | Condensed Consolidated Statements of Changes in Equity | 13 |
(5) | Condensed Consolidated Statements of Cash Flows | 15 |
(6) | Notes to the Condensed Consolidated Financial Statements | 17 |
[Notes Regarding Going Concern Assumptions] | 17 | |
[Other Income] | 17 | |
[Other Expenses] | 17 | |
[Segment Information] | 18 |
- 1 -
1. QUALITATIVE INFORMATION ON FINANCIAL RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 2021
- Qualitative Information on the Consolidated Operating Results a. Overview
Three months ended | Three months ended | Increase (Decrease) | ||
June 30, 2020 | June 30, 2021 | |||
Billions of yen | Billions of yen | Billions of yen | % | |
Revenue | 173.1 | 229.8 | 56.6 | 32.7 |
Gross profit | 71.6 | 101.2 | 29.5 | 41.3 |
Operating profit (loss) | (22.6) | 3.1 | 25.7 | − |
Profit (loss) before tax | (23.8) | 2.5 | 26.3 | − |
Profit (loss) attributable to owners of | (17.3) | 0.9 | 18.2 | − |
the Company | ||||
Yen | Yen | Yen | % | |
Basic earnings (loss) per share | (34.96) | 1.98 | 36.94 | − |
Billions of yen | Billions of yen | Billions of yen | % | |
Capital expenditures | 6.3 | 8.8 | 2.5 | 40.0 |
Depreciation and amortization | 19.4 | 18.9 | (0.4) | -2.1 |
expenses | ||||
(0.8) | ||||
Research and development expenses | 16.1 | 15.3 | -5.1 | |
Billions of yen | Billions of yen | Billions of yen | % | |
Free cash flows | (13.9) | (2.7) | 11.1 | − |
Number | Number | Number | % | |
Number of employees in the Group | 42,964 | 40,078 | (2,886) | -6.7 |
Foreign exchange rates | Yen | Yen | Yen | % |
U.S. dollar | 107.62 | 109.49 | 1.87 | 1.7 |
Euro | 118.48 | 131.96 | 13.48 | 11.4 |
The United States and Europe derive a little under 60% of the Company's consolidated revenue and saw continuous signs of recovery after the ease of restrictions in economic activities due to COVID-19. Also, a continued economic growth was seen in China. In Japan, the manufacturing industry saw signs of improvement as exports increased thanks to recovery in overseas economic conditions, despite the fact that economic activities in the non-manufacturing industry remained sluggish due to the declaration of the nationwide state of emergency. Meanwhile, economic activities in emerging countries, such as Southeast Asia, are still negatively affected due to rebound of COVID- 19.
Amid such business environment, the Company saw an increase in revenue in all reportable segments: Digital Workplace Business, Professional Print Business, Healthcare Business, and Industry Business. The Group recorded revenue of 229.8 billion yen, an increase of 32.7% year-on-year during the three months ended June 30, 2021 (the "current period"). While revenue was picking up over the current period, the Company successfully continued to maintain the level of selling and administrative expenses that was curbed in the previous year. As a result, operating profit during the current period was 3.1 billion yen, a substantial increase year-on-year (operating loss of 22.6 billion yen was marked in the same period of the previous fiscal year). Profit before tax of 2.5 billion yen was marked in the current period, whereas loss before tax of 23.8 billion yen was recorded in the same period of the previous year. Profit attributable to owners of the Company was 0.9 billion yen, whereas loss attributable to owners of the Company was 17.3 billion yen in the same period of the previous year.
Compared to the same period of the fiscal year ended March 31, 2020 in the pre-pandemic, the Company boosted revenue up to 95%. In particular, revenue in the Industry Business, which will be one of the main pillars for the Company's growth strategy, increased by 17% from the same period
- 2 -
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original document
- Permalink
Disclaimer
Konica Minolta Inc. published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 06:06:18 UTC.