July 28, 2017 — Konica Minolta released its financial results for the first quarter of its fiscal year ending March 2018. Revenue for the company’s Office Business segment was ¥133 billion, down 2 percent from the previous year period. Revenue for the Professional Print Business segment was ¥49 billion, up 3 percent year-over-year.
Operating profit was ¥8.7 billion, down 2.2 percent year ver year. The profit declines in the Office Business and the Healthcare Business segments were offset by higher profit in the Industrial Business segment and by company-wide measures to liquidate assets in a sale leaseback so that, for the group as a whole, profit came in at roughly the same level as that of the same period of the previous fiscal year.
In the Office Business unit, Konica Minolta cited solid sales of A3 color models in North America as a positive, but the product/regional mix deteriorated due to factors such as falling sales of A3 color models in Europe and rising sales of black-and-white models in China.
In the Industrial Print segment, Konica cited strengthened specialist sales and support network and solid performance for the AccurioJet KM-1 in North America, and that in sales of label printers, MGI products were up primarily in North America. In Production Printing, the new LPP AccurioPress C2070 series maintained its momentum. Driven by overseas sales in Europe, the U.S., India, and China. Sales volumes of color models rose 10 percent year over year.
See the full earnings report on Konica Minolta's Investor Relations page.