Revisions of Operating Performance and Dividend Forecasts for Fiscal Year Ending March 31, 2007
Company Name: Konica Minolta Holdings, Inc.
Representative: Yoshikatsu Ota, President and CEO
Stock Exchange Listings: Tokyo, Osaka (First Sections)
Local Securities Code Number: 4902
Contact: Yuki Kobayashi, General Manager, Corporate Communications & Advertising Division
Tel: (81) 3-6250-2100
Tokyo (November 2, 2006) – Konica Minolta Holdings, Inc. today announced revisions of interim and full-year operating performance and dividend forecasts for fiscal year ending March 31, 2007 from the original forecasts as announced on August 3, 2006.
1. Revision of the interim operating performance forecast for fiscal year ending March 31, 2007
(1) Consolidated operating performance forecast
(Millions of yen)
| Net Sales | Recurring Profit | Net Income | |
|---|---|---|---|
| Original Forecast (A) | 490,000 | 32,500 | 15,500 |
| Revised Forecast (B) | 493,950 | 44,854 | 22,508 |
| Increase (B - A) | 3,950 | 12,354 | 7,008 |
| Percent Change (%) | 0.8% | 38.0% | 45.2% |
| (Reference) Results for the six months ended September 30, 2005 | 517,598 | 35,245 | (3,482) |
(2) Non-consolidated operating performance forecast
(Millions of yen)
| Operating Revenue | Recurring Profit | Net Income | |
|---|---|---|---|
| Original Forecast (A) | 51,000 | 35,000 | 34,000 |
| Revised Forecast (B) | 50,077 | 35,904 | 39,620 |
| Increase(Decrease) (B - A) | (923) | 904 | 5,620 |
| Percent Change (%) | (1.8%) | 2.6% | 16.5% |
| (Reference) Results for the six months ended September 30, 2005 | 22,423 | 8,636 | (5,872) |
2. Revision of the full-year operating performance forecast for fiscal year ending March 31, 2007
(1) Consolidated operating performance forecast
(Millions of yen)
| Net Sales | Recurring Profit | Net Income | |
|---|---|---|---|
| Original Forecast (A) | 980,000 | 70,000 | 30,000 |
| Revised Forecast (B) | 1,006,000 | 90,000 | 46,000 |
| Increase (B - A) | 26,000 | 20,000 | 16,000 |
| Percent Change (%) | 2.7% | 28.6% | 53.3% |
| (Reference) Results for fiscal year ended March 31, 2006 | 1,068,390 | 76,838 | (54,305) |
(2) Non-consolidated operating performance forecast
(Millions of yen)
| Operating Revenue | Recurring Profit | Net Income | |
|---|---|---|---|
| Original Forecast (A) | 59,000 | 27,000 | 26,000 |
| Revised Forecast (B) | 58,000 | 29,000 | 35,000 |
| Increase(Decrease) (B - A) | (1,000) | 2,000 | 9,000 |
| Percent Change (%) | (1.7%) | 7.4% | 34.6% |
| (Reference) Results for fiscal year ended March 31, 2006 | 55,854 | 28,283 | (34,240) |
3. Reasons for the revision of the consolidated operating performance forecast
(1) Consolidated operating performance forecast
Sales of our major products in Business Technologies business and Optics business are growing favorably as planned to date. Thanks to the lower than expected exchange rate for the yen, and acceleration of various tasks toward discontinuation of Photo Imaging business with associated influences remaining within the scope of assumption, we were able to record increase in sales, recurring profit and net income, which exceeds our expectation for this interim period. On this basis and with a view to the latter half forecast of the respective business segments, we have revised the full-year forecast as shown above.
(2) Non-consolidated operating performance forecast
On the basis of the interim results, we have revised the full-year forecast as shown above.
4. Revision of the Dividend Forecast
(1) Revision of the dividend forecast
(Millions of yen)
| Interim | Year-end | Full-year | |
|---|---|---|---|
| Original forecast(May, 11, 2006) | undecided | undecided | undecided |
| Revised forecast | 0 yen | 10 yen | 10 yen |
| (Reference) Dividend for the previous year | 0 yen | 0 yen | 0 yen |
(2) Reasons for the revision of the dividend forecast
As for this interim period, we regrettably decided to continue to suspend dividend payment, since we posted a significant extraordinary loss due to decision to discontinue Photo Imaging business in the previous fiscal year.
Fortunately, steps toward ceasing the Photo Imaging business are on schedule. And ever since the management integration, strengthening of business operations is surely bearing fruits in Business Technologies business and Optics business. For these reasons, our consolidated performance is expected to surpass the original forecast for this fiscal year. Assuming that there will be no drastic economical changes, which might influence our business activities especially in Japan, United States and Europe, we plan to resume dividend for the fiscal year ending March 31, 2007.
Cautionary statement:
The above operating performance forecasts are forward-looking statements involving risks and uncertainties. It should be noted that actual results may differ significantly from these forecasts due to various important factors.