Konica Minolta, Inc. (the Company) announced that, as disclosed on 20 August 2024, its manufacturing subsidiary in China, Konica Minolta Business Technologies (WUXI) Co., Ltd. (Konica Minolta WUXI), ended production and the decision was made at Konica Minolta WUXI on its liquidation.
Under the Medium-term Business Plan, the Company has been driving its manufacturing strategy in the Business Technologies Business, including the Digital Workplace and Professional Print units, to strengthen profitability and build a supply system that can respond quickly to environmental changes.
After examining the production system in the Asian region from the viewpoint of stable supply and production efficiency, the Company decided, on 20 August 2024, to end production at Konica Minolta WUXI.
At the end of February 2025, Konica Minolta WUXI’s production ended.
Accordingly, on April 10, 2025, the liquidation of Konica Minolta WUXI was decided. The completion of liquidation is expected middle of FY2026.
In the fiscal year ended March 2025, the Company expects to record approximately ¥6 billion ($42.04 million/ €37.03 million) for a loss regarding ending production.
