The Recycler
  • Ninestar Web banner ESG July 2022
  • Katun March Web Advert 2021
  • Static Control June 2022 Masthead Ad
  • https://www.ecs-uk-ltd.co.uk/partner-us?utm_source=tr-636x124-8&utm_medium=didiad
  • Biuromax Web banner June 2022

Konica Minolta shows recovery

Konica Minolta shows recovery

October 29, 2020

In its latest financial report, Konica Minolta said overall the company is seeing recovering demand which meant year-on-year decrease was reduced from 28% to 17%.

For the second quarter, Konica Minolta recorded revenue of ¥211.5 billion ($2.03 billion/ €1.73 billion), a year-on-year decrease of 17%, which is an improvement on the year-on-year decrease of the first quarter which was 28%. Operating profit for the quarter was -¥5.2 billion (-$49.98 million/ -€42.63 million).

Konica Minolta said that in China it saw increased revenue, in Europe it saw a little less than 90% return, and the Japan and US recovery is a little less than 80%. By segment, print lagged behind in the office segment, but improved significantly quarter-on-quarter. Revenues for the office business segment in the second quarter was ¥138.6 billion ($1.33 billion/ €1.14 billion), a year-on-year decrease of 16% but a quarter-on-quarter increase of 23%.

For the Office segment, Konica Minolta said that its China sales are sustaining their momentum from June, when revenue turned to increase, Europe is at over 80% year-on-year, and the US is at over 75%, but recovering steadily.

Konica Minolta expects that print volumes in FY21 will reach 90% relative to FY19 annually, after which it will decline at an annual rate of 3-4%. The company expects that work from home will continue at a rate about midway between pre-COVID-19 and the lockdown

Period and demand for automation and computerisation of documents and operations is expanding.

In its forecast, for the FY21, Konica Minolta expects sales revenues of ¥870 billion ($8.36 billion/ €7.13 billion), with the office segment revenues expected to be ¥460 billion ($4.42 billion/ €3.77 billion).

Categories : City News

Tags : Business Financials Konica Minolta OEM

  • GPI July 2022 Web Banner
  • Static Control June 2022 Big & Bold Ad
  • Mito July 2022 Web banner
  • GM Technology July 2022 Web banner
  • Apex UStation web banner
  • IR Italiana Web ad January 2021
  • Aster July 2022 Web banner
  • CET June 2022 Web ad
  • HYB Web banner
  • Zhono web ad May 2022
  • CTS New Ad March 2022
  • PCL Web ad January 2021
  • ITP Web ad January 2021
  • PCL Web ad January 2021
  • Zhono web ad May 2022
  • CET June 2022 Web ad
  • HYB Web banner
  • ITP Web ad January 2021
  • CTS New Ad March 2022
  • CET June 2022 Web ad
  • CTS New Ad March 2022
  • Zhono web ad May 2022
  • HYB Web banner
  • PCL Web ad January 2021
  • ITP Web ad January 2021

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2021 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021