Japanese group eyes profit rebound after ¥64 billion loss on impairments and restructuring.
Konica Minolta fell deep into the red in its financial year to March 2025, posting an operating loss of ¥64 billion ($411 million/ €379 million), as the Japanese technology group grappled with impairment charges, business exits, and a major accounting correction.
Revenues rose 2% year-on-year to ¥1.13 trillion ($7.25 billion/ €6.69 billion), buoyed by currency tailwinds, but profits collapsed under the weight of ¥51 billion ($352 million/ €312 million) in impairment losses and ¥22 billion ($152 million/ €135 million) in restructuring costs. A further ¥11.4 billion ($79 million/ €70 million) was shaved off profits after auditors identified unrealised gains that had been incorrectly booked in prior periods.
The company’s core Digital Workplace division, which includes its office printer business, generated ¥616 billion ($3.95 billion/ €3.65 billion) in revenue but saw operating profit plunge from ¥33 billion ($228 million/ €202 million) to ¥14 billion ($97 million/ €86 million), largely due to falling hardware sales and the aforementioned corrections. A3 colour printer volumes fell 8%, underscoring weak global demand.
Looking ahead, Konica Minolta expects a return to profitability in FY2025, with forecast operating profit of ¥48 billion ($309 million/ €285 million) and resumed dividend payments. The group plans to offset revenue declines with cost reductions, restructuring benefits, and greater efficiency in supply chain management.
