2Q / March 2020 Consolidated Financial Results Highlight

(Amounts less than one million yen are rounded down to the nearest million yen.)

1. Consolidated financial results for the six months ended September 30, 2019 (From April 1, 2019 to September 30, 2019)

(1) Consolidated results of operations

(Percentage figures represent changes from the same period of the previous fiscal year.)
Six months ended	Revenue		Operating profit		Profit before tax
Six months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%
September 30, 2019	497,488	-3.8	5,433	-84.3	1,561	-95.3
September 30, 2018	517,087	5.9	34,605	69.1	33,157	74.0

Six months ended	Profit for the period		Profit attributable to owners of the Company		Total comprehensive income
Six months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%
September 30, 2019	11	-100.0	106	-99.5	(22,725)	-
September 30, 2018	23,268	72.2	23,334	72.6	39,703	39.9

Six months ended	Basic earnings per share	Diluted earnings per share
Six months ended	Yen	Yen
September 30, 2019	0.21	0.21
September 30, 2018	47.18	47.03

(Note)Basic earnings per share and diluted earnings per share are calculated based on the profit attributable to owners of the Company.

(2) Consolidated financial position

As of	Total assets	Total equity	Equity attributable to owners of the Company	Equity ratio attributable to owners of the Company
As of	Millions of yen	Millions of yen	Millions of yen	%
September 30, 2019	1,276,123	536,707	526,918	41.3
March 31, 2019	1,218,986	565,983	555,689	45.6

2. Dividends per share

	End of the three-month period	End of the six-month period	End of the nine-month period	End of the year	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal Year ended March 31, 2019	-	15.00	-	15.00	30.00
Fiscal Year ending March 31, 2020	-	15.00
Fiscal Year ending March 31, 2020 (forecast)			-	15.00	30.00

(Note)Changes from the latest dividend forecasts: None

3. Consolidated forecasts for the fiscal year ending March 31, 2020 (From April 1, 2019 to March 31, 2020)

(Percentage figures represent changes from the previous fiscal year.)
Fiscal year ending	Revenue		Operating profit		Profit attributable to owners of the Company		Basic earnings per share
Fiscal year ending	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
March 31, 2020	1,045,000	-1.3	20,000	-68.0	7,500	-82.0	15.16

(Note)Changes from the latest consolidated forecasts: Yes

■ Notes

Changes in significant subsidiaries for the six months ended September 30, 2019 (changes in the scope of consolidation): None
Changes in accounting policies or changes in accounting estimates
- a. Changes in accounting policies required by International Financial Reporting Standards (IFRS):Yes
- b. Changes in accounting policies other than the above a.:None
- c. Changes in accounting estimates:None
Number of issued and outstanding shares (common stock)
- a. Number of issued and outstanding shares (including treasury shares)
  As of September 30, 2019: 502,664,337 shares
  As of March 31, 2019: 502,664,337 shares
- b. Number of treasury shares
  As of September 30, 2019: 7,839,901 shares
  As of March 31, 2019: 8,008,984 shares
- c.Average number of issued and outstanding shares during the period
  The six months ended September 30, 2019: 494,735,526 shares
  The six months ended September 30, 2018: 494,534,363 shares
(Note)Konica Minolta, Inc. (the “Company”) has established the Board Incentive Plan trust in which beneficiaries include Directors, Executive Officers, Group Executives, and Technology Fellows. The shares owned by the trust account relating to this trust are accounted for as treasury shares (1,184,094 shares as of September 30, 2019, and 1,250,538 shares as of March 31, 2019).

■ This summary of quarterly consolidated financial results falls outside the scope of quarterly review procedures to be performed by certified public accountants or an audit firm.

■ Explanation concerning the appropriate use of the forecasts for results of operations and other special matters

(Note on the forecasts for the consolidated financial results)

The forecasts for results of operations in this report are based on information currently available to the Company and its subsidiaries (the “Group”), and assumptions determined to be reasonable, and are not intended to assure achievement of the Group’s operations. Actual results may differ significantly from the forecasts due to various factors. For further details of the assumptions and other factors considered by the Company in preparing the forecasts above, refer to “1. QUALITATIVE INFORMATION ON FINANCIAL RESULTS FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2019, (3) Explanation Regarding the Forecasts for the Consolidated Financial Results” in the attached Supplementary Information on page 9.

Supplementary information for the quarterly financial results and briefing on the quarterly financial results

The Company will hold a briefing on the quarterly financial results for institutional investors on Friday, November 1, 2019. The proceedings and details of the briefing, along with the supplementary information on the quarterly financial results to be presented at the briefing, will be posted on the website of the Group soon after the briefing.