The Recycler
  • Ambiente 2025 Masthead
  • Biuromax Masthead web banner March 2024
  • Katun Masthead Nov 2024
  • G&G Masthead August 2024

Konica Minolta records fallen revenues

July 30, 2019

The company has announced its first quarter results which ended on 30 June 2019.

In its records, Konica Minolta showed that in the first quarter the Group recorded revenues of ¥241.7 billion ($2.23 billion/ €1.99 billion), a decrease of 5.3 percent year-on-year.

The OEM explained that US-China trade friction, a slowdown in the Chinese economy, and continuing uncertainties in the European economy are restraining investment activities of customers, and a weak euro led to a decline in revenue in the Office Business, the Professional Print Business, and the Industrial Business.

Revenue in the Healthcare Business remained at the same level as in the same period in the previous fiscal year. Revenue in the new businesses increased, primarily in the bio-healthcare field.

Operating profit fell significantly to ¥0.5 billion ($4.6 million/ €4.1 million), a decrease of 96.4 percent year-on-year.

The Office Business Development segment which includes the manufacture, and sales of MFPs and related consumables and provision of related solutions and services, recorded revenue of ¥134.5 billion ($1.24 billion/ €1.11 billion), a decrease of 6.2 percent year-on-year, and operating profit of ¥7.6 billion ($69.99 million/ €62.80 million), a decrease of 17 percent year-on-year.

In the office products business unit, the sales volume of A3 MFPs declined year-on-year in both colour and monochrome models. There was a significant growth in the sales volume, mainly for the high-speed models, in the same period in the previous year.

The Professional Print Business segment which includes development, manufacture, and sales of digital printing systems and related consumables and the provision of various printing services, solutions, and services, segment recorded revenue of ¥50.6 billion ($466 million/ €418 million), a decrease of 5.2 percent year-on-year, and operating profit of ¥1.0 billion ($9.21 million/ €8.26 million), a decrease of 37.2 percent year-on-year.

Categories : City News

Tags : Business Financials Konica Minolta OEM

  • Static Control June 2022 Big & Bold Ad
  • GM Technology Nov Web Ad
  • TN Core Nov Web advert
  • Apex Web ad Nov 2024
  • Cartridge Web Nov Web Banner
  • IR Italiana Web ad January 2021
  • Ink Tank No Web advert
  • Biuromax Nov 2024 Web Ad
  • G&G web advert October 2024
  • PCL Nov Web advert
  • Zhono Web ad March 2024
  • Denner Feb 2024 Web Ad
  • denner UK Web Banner Jul 2024
  • HYB Web banner Jan 2024
  • Mito Web banner June 2024
  • ITP Web ad January 2021
  • CET Web ad December 2023
  • Zhono Web ad March 2024
  • ITP Web ad January 2021
  • Denner Feb 2024 Web Ad
  • Mito Web banner June 2024
  • PCL Nov Web advert
  • denner UK Web Banner Jul 2024
  • HYB Web banner Jan 2024
  • CET Web ad December 2023
  • PCL Nov Web advert
  • HYB Web banner Jan 2024
  • Mito Web banner June 2024
  • CET Web ad December 2023
  • Zhono Web ad March 2024
  • denner UK Web Banner Jul 2024
  • ITP Web ad January 2021
  • Denner Feb 2024 Web Ad

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark