Konica Minolta, Inc. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017
January 31, 2017 at 10:00 am
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Konica Minolta, Inc. announced consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company reported revenue of ¥237,670 million against ¥255,081 million a year ago. Operating profit was ¥15,915 million against ¥13,378 million a year ago. Profit before tax was ¥16,624 million against ¥13,186 million a year ago. Profit attributable to owners of the company was ¥11,666 million or ¥23.47 diluted per share against ¥9,162 million or ¥18.44 diluted per share a year ago. Capital expenditures were ¥10.0 billion against ¥13.0 billion a year ago.
For the nine months, the company reported revenue of ¥699,636 million against ¥762,326 million a year ago. Operating profit was ¥34,454 million against ¥41,588 million a year ago. Profit before tax was ¥34,103 million against ¥40,524 million a year ago. Profit attributable to owners of the company was ¥24,910 million or ¥50.13 diluted per share against ¥26,492 million or ¥53.16 diluted per share a year ago. Net cash flows from operating activities were ¥48,716 million against ¥31,137 million a year ago. Purchase of property, plant and equipment was ¥22,364 million against ¥26,469 million a year ago. Purchase of intangible assets was ¥6,623 million against ¥9,235 million a year ago. Capital expenditures were ¥27.5 billion against ¥35.1 billion a year ago.
The company provided consolidated earnings guidance for the year ending March 31, 2017. For the year, the company expects revenue of ¥1,030,000 million, operating profit of ¥55,000 million and profit attributable to owners of company of ¥36,000 million or ¥72.65 per share.
Konica Minolta, Inc. specializes in the design, manufacturing and marketing of printing, photography, medical imaging and measuring equipments. Net sales break down by family of products as follows:
- office equipments (51.1%);
- professional printing equipment (21.4%): laser printer, consumables, multifunctional peripherals, etc.;
- electronic and optical equipments (15.3%): plastic and molded glass lenses, display components, screen, memory units, etc.;
- medical equipments (12.1%): primarily imagery and graphic equipments and measuring equipments;
- other (0.2%).
Net sales break down geographically as follows: Japan (19.5%), China (10.5%), Asia (9.4%), Europe (28.6%), the United States (25.3%) and other (6.7%).
Konica Minolta, Inc. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017