On Jan. 31, Konica Minolta announced its financial results for the nine month period from April 1, 2016 to Dec. 31, 2016.

Overall, revenue was down 8.2 percent over the previous-year period, while operating profit was down 17.2 percent.

In its supporting materials, Konica Minolta noted that although sales of what it refers to as “mainstay products” such as high-end color products in its Business Technologies business and digital products in its Healthcare business were strong, it was not enough to offset the strengthened yen.

Revenues for Konica Minolta’s Business Technologies business were down 8.7 percent year-over-year, with operating profit down 25.1 percent. Excluding the impact of the exchange rates and the stronger yen, revenue was up 3.7 percent and operating profit up 5.8 percent year over year.

Within the office services space, Konica noted that sales of A3 color MFPs remained strong. Sales volumes exceeded previous-year levels in all regions, KM reported, with the highest growth rates by product segment in high-end models, while geographically Europe and China showed the strongest growth rates.

In its earnings report, KM noted, “The environment remains intensely competitive, especially in North America, but by expanding our content management services, including document digitization support services, we have managed to win large-scale orders from customers associated with governmental and public agencies. In addition to enlarging the contact surface with the customer, broadening the scope of the services that we offer also enhances our ability to submit proposals that resolve the customer’s issues, and creates an environment favorable to the spread of the Group’s unique hybrid-type sales.”

In its commercial and industrial printing space, sales were solid for the bizhub PRESS C1100 digital color printing system, and geographically, the company saw growth in North America, China, and Asia.

“Business discussions for the new AccurioJet KM-1 digital inkjet press gathered momentum in all regions, and the rollout to the market began in earnest. In industrial inkjet, components such as inkjet printheads saw a slowing of sales due to deteriorating market conditions, but in textile printers the “Nassenger SP-1,” which achieves high productivity through the use of single-pass technology, won orders in France and Turkey and contributed to a rise in revenue,” stated the report.

See the full financial report here.