Win-Win Strategic Collaboration Deepened between Ninestar and Konica Minolta
On August 28th, 2019, Ninestar and Konica Minolta held a strategic meeting in Zhuhai, China. The two parties have reached a strategic alignment to further cooperation in products, markets, and other areas, which shall strengthen product competitiveness for both parties and help fulfill customer demand in all perspectives. Since 2016, Ninestar and Konica Minolta have formed a strategic alliance and have had a close collaboration on A3 copiers, A4 printers, 3D printers, as well as integrated circuit products.
The majority shareholder of Ninestar owns two well-known global printer brands: Lexmark and Pantum, whose full product lines cover the high-, mid- and low- end markets, with sales in most of the countries across the world. Konica Minolta is a global industry leader in A3 copiers and Production Printers, among other areas. The senior management from both Ninestar and Konica Minolta expressed that close strategic collaboration will create win-win results for both companies.
Looking forward, Ninestar and Konica Minolta will continue to work together as strategic partners and contribute further to the development of the printing industry by launching innovative products and offering effective printing solutions to our customers.
Financial Half-Year Results
For the first half of the fiscal year from January 1-June 30 2019, Ninestar reported operating income over $1.504 billion, a 3.44% increase and net profit income of 52 million, an increase of 19%.
Ninestar reported operating income of 179 million for their printer consumables business which had a 22% increase with a net profit of $2.14 million, which resulted in an 18% increase.
Operating income for Ninestar’s Static Control Components was $5.668 million, and net profit was $844,701, up 123%, with sales of high-end consumables increased.
Ninestar’s Pantum reported sales of 483,000 printers in the first half of the year, an increase of 57%, and sales revenue was increased by 170%.
Ninestar’s Lexmark reported an operating income of $1.147 million for the first half. Printer sales totalled 646,000 units, a 3% decline. Lexmark’s printer sales in the second quarter increased by 7%. Sales for managed print services (MPS) were up 33%.