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KONICA MINOLTA Interim Financial Results 2006

Consolidated Financial Results
Interim Fiscal Period Ended September 30, 2005

Konica Minolta Holdings, Inc.
Listed Company Name: Konica Minolta Holdings, Inc.
URL: http://konicaminolta.com
Representative: Fumio Iwai, President and Representative Executive Officer
Inquiries: Yuki Kobayashi, General Manager, Corporate Communications & Advertising Division
Tel: (81) 3-6250-2100
Stock Exchange Listings: Tokyo, Osaka (First Sections)
Local Securities Code Number: 4902
Board of Directors Meeting for Approval of Consolidated Results: November 4, 2005
U.S. accounting practices have not been adopted in this statement.

1. Consolidated Financial Results for Interim Period
(From April 1, 2005 to September 30, 2005)

(1) Operating Results (Figures less than ¥1 million have been omitted.)

	Net sales		Operating income		Recurring profit
	(Millions of yen)	(%)	(Millions of yen)	(%)	(Millions of yen)	(%)
Interim period ended September 30, 2005	517,598	(3.3)	39,408	21.2	35,245	25.1
Interim period ended September 30, 2004	535,115	92.2	32,524	33.7	28,166	47.5
Fiscal year ended March 31, 2005	1,067,447	-	67,577	-	53,617	-

	Net income (loss)		Net income (loss) per share (yen)	Net income per share (after full dilution)
	(Millions of yen)	(%)	Net income (loss) per share (yen)	Net income per share (after full dilution)
Interim period ended September 30, 2005	(3,482)	-	(6.56)	-
Interim period ended September 30, 2004	8,200	(2.1)	15.44	-
Fiscal year ended March 31, 2005	7,524	-	14.11	-

Notes:
1): Equity in profit (loss) of unconsolidated subsidiaries and affiliates:
Interim period ended September 30, 2005: ¥ -682 million
Interim period ended September 30, 2004: ¥6 million
Fiscal year ended March 31, 2005: ¥108 million
2): Average number of shares outstanding during the period (consolidated):
Interim period ended September 30, 2005: 530,925,770
Interim period ended September 30, 2004: 531,059,789
Fiscal year ended March 31, 2005: 531,017,368
3): Changes in accounting methods: No
4): The percentages of net sales, operating income, recurring profit, and net income columns indicate the rage of increase and decrease compared with the same interim period of the previous fiscal year. In addition, the rate of increase and decrease of the interim period ended September 30, 2004 is a comparison to the interim period prior to the merger. Diluted net income per share for the interim period (the period under review) has also been omitted because there was no residual stock.
5): Interim net income per share assuming full dilution is not shown because the Company reported a loss for the interim period under review. In addition, no figure is shown for interim net income assuming full dilution for the interim period of the previous fiscal year because there were not latent shares outstanding at that time.

(2) Financial Position

	Total assets (Millions of yen)	Shareholders' equity (Millions of yen)	Shareholders' equity ratio (%)	Shareholders' equity per share (Yen)
Interim period ended September 30, 2005	949,949	336,862	35.5	634.50
Interim period ended September 30, 2004	979,904	342,896	35.0	645.71
Fiscal year ended March 31, 2005	955,542	339,729	35.6	639.80

Notes:
Number of shares outstanding at the end of the period(consolidated):
Interim period ended September 30, 2005: 530,905,682
Interim period ended September 30, 2004: 531,035,138
Fiscal year ended March 31, 2005: 530,944,921

(3) Cash Flows

(Millions of yen)

	Operating activities	Investing activities	Financing activities	Cash and cash equivalents year at end of period
Interim period ended September 30, 2005	37,213	(25,707)	(7,505)	64,175
Interim period ended September 30, 2004	22,543	(27,325)	(9,278)	70,951
Fiscal year ended March 31, 2005	55,680	(49,343)	(31,614)	59,485

(4) Scope of Consolidation/Equity Method Accounting

Consolidated subsidiaries: 123
Unconsolidated subsidiaries accounted for by the equity method: 13
Affiliates accounted for by the equity method: 2

(5) Changes in Scope of Consolidation/Equity Method

Newly consolidated subsidiaries: 3
Subsidiaries excluded from consolidation: 2
Companies included in equity method accounting: -
Companies excluded from equity method accounting: -

2. Consolidated Results Forecast for Fiscal Year Ending March 31, 2006 (April 1, 2005 to March 31, 2006)

(Millions of yen)

	Net sales	Recurring profit	Net income (loss)
Full-year	1,050,000	60,000	(47,000)

(Estimated net income per share: ¥-88.53)

*: The above forecasts are expectations based on predications, outlooks, and plans related to the future at the time of this announcement and, as such, are subject to risks and uncertainties. Various significant factors in the operating environment surrounding the company may cause actual results to differ materially from these forecasts.