Investor Relations

PROFITABILITY

(Millions of yen)

	2004	2005	2006	2007	2008
Operating Income	73,213	67,578	83,416	104,007	119,606
Operating Income Ratio (%)*1	6.52	6.33	7.81	10.12	11.16
Ordinary Income	52,538	53,617	76,839	98,100	104,228
Ordinary Income Ratio (%)*2	4.68	5.02	7.19	9.55	9.73
Net Income	19,343	7,524	-54,306	72,542	68,830
Return on Sales (%)*3	1.72	0.70	-5.08	7.06	6.42
Cost of Sales	644,882	597,801	575,163	532,714	540,225
Cost of Sales Ratio (%)*4	57.39	56.00	53.83	51.84	50.41
Selling, General and Administrative Expenses	405,496	402,069	409,811	390,910	411,737
Selling,General and Administrative Expenses Ratio (%)*5	36.09	37.67	38.36	38.04	38.42
Return on Equity (%)*6	5.77	2.23	-17.14	21.94	17.54
Return on Investment (%)*7	21.36	20.27	24.11	27.80	29.04
Return on Assets (%)*8	5.42	7.83	8.09	10.35	10.85

*1.

Operating Income Ratio = Operating Income / Net Sales x 100 (%)

*2.

Ordinary Income Ratio = Ordinary Income / Net Sales x 100 (%)

*3.

Return on Sales = Net Income / Net Sales x 100 (%)

*4.

Cost of Sales Ratio = Cost of Sales / Net Sales x 100 (%)

*5.

Selling General and Administrative Expenses Ratio = Selling General and Administrative Expenses / Net Sales x 100 (%)

*6.

Return on Equity = Net Income / Average Equity x 100 (%)
ROE for the fiscal year ended March 31, 2004 has been calculated based on equity as of March 31, 2004.

*7.

Return on Investment = (Operating Income + Depreciation and Amortization) / (Average Equity + Average Interest-Bearing Debt) x 100 (%)
ROI for the fiscal year ended March 31, 2004 has been calculated based on total assets as of March 31, 2004.

*8.

Return on Assets = Ordinary Income / Average Total Assets x 100 (%)
ROA for the fiscal year ended March 31, 2004 has been calculated based on total assets as of March 31, 2004.

*Changes in items*6-*8: due to the enforcement of corporate law (applied from year ended March 31,2007)
 Reference: Equity (Net assets) = Shareholder's equity + Revaluation and translation adjustments
 

NOTES:
Konica Minolta Holdings, Inc. was formed in August 2003 following management integration and an exchange of shares between the former Konica Corporation and the former Minolta Co., Ltd. For accounting purposes, management integration
took effect as of September 30, 2003. Accordingly, both companies have prepared separate financial statements for the first
half of the fiscal year ended March 31, 2004. Financial data for the full fiscal year ended March 31, 2004 have been prepared as a matter of convenience on the following basis.
*The Statement of income has been prepared inclusive of the former Minolta Co., Ltd.’s first half results.

Stock Quote

Latest Presentation Material

Social Responsibility