Konica Minolta reports supply shortages
November 2, 2021
In its consolidated result for the six months ended 30 September 2021, the company recorded an increase in revenues of 15.7%.
Konica Minolta said that the business environment surrounding the company during the current period has been greatly affected by the tight supply of semiconductors and other materials, and the Digital Workplace Business is expected to be affected by the supply of the company’s products to customers in the second half of the current fiscal year as it is expected to remain at about 70% of the actual demand.
In addition, because of the explosion accident at the company’s toner plant, toner production volume is expected to be about 75% of the actual demand during the period from the plant shutdown to restart of operations under a new production system and the recovery of production capacity. To catch up with the toner shortages, Konica Minolta clarified that “toner will be supplied on a priority basis to existing customers”.
For the reporting period, Konica Minolta recorded revenue at ¥445.1 billion ($3.91 billion/ €3.37 billion), an increase of 15.7% compared to the same period of the previous year.
In the office unit, although the number of orders of A3 MFPs showed signs of recovery for two consecutive periods since the first quarter ended 30 June 2021, sales volumes of colour models, monochrome models, and all models in the current period went down to 92%, 98%, and 94% of the year-before levels, respectively. Konica Minolta said this is due to delays in production caused by the shortage of semiconductors and other materials, and the increased impact of prolonged transport periods because of congestion at ports during the three-month period ended 30 September 2021. As a result, Konica Minolta said that the order backlog totalled approximately ¥27.0 billion ($237 million/ €204 million).
The overall non-hardware revenue such as consumables and services surpassed year-before levels, while a sluggish delay in recovery was seen as the resurgence of COVID-19 cases in Europe and the United States forced employees to delay coming back into client companies’ office sites. Based on the above, the overall revenue in the office unit increased year-on-year 7%.
Categories : City News
Tags : Business Financials Konica Minolta OEM
