Konica Minolta Reports Lower Revenue

Konica Minolta of Japan has released its financial report for the fiscal year that ended on March 31, 2017, with a decrease in revenue and profit.

According to WirthConsulting.org, the company has gained ¥962.5 billion (US$8.46 billion) in total revenue, a 6.7% decline year over year. The profits were ¥31.5 billion (US$280 million), a 1.3% decline year over year.

Sales volumes in the mainstay color products in office services and commercial and industrial printing, especially high-end models, have recorded growth. However, it is insufficient to reduce the impact of currency inflation.

Meanwhile, the bizhub PRESS C1100 digital color printing system was said to continue solid sales in the following year. Particularly, the growth in markets in North America, China and Asia were noticeable in the last year.

For the coming fiscal year, Konica Minolta predicts a revenue of ¥980.0 billion (US$8.62 million), with a ¥17.5 billion (US$0.15 billion) increase compared to the last.