27 April 2010
Major OEM Konica Minolta has announced a revised forecast for the financial year ended 31 March, predicting a 69 percent increase in net income.
The company explains the change as a result of “strong growth worldwide” of new models of the colour multifunctional printers and “thorough cost-cutting efforts”.
It says that its net profit is set to rise from 10 billion yen (£69.1 million), as expected in October 2009, to 16.9 billion yen (£116.9 million).
Operating profit will increase by 29.1 percent from 34 billion yen (£235.2 million) to 43.9 billion yen (£303.7 million).
Konica said: “The sales increase of the new products featuring higher profitability compared with the conventional models, as well as acceleration of structural reforms in sales operations and thorough cost-cutting efforts have considerably contributed to the profitability.”
See the June issue for a full round up of financial forecasts and results.