Message from the President
Becoming a Leader in a Time of Transformation
Since our company’s management integration in 2003,
Konica Minolta has conducted business under the philosophy,
“The Creation of New Value.” I view this concept as the
creation of economic value through business activities,
while simultaneously creating social value by providing
innovative solutions that help solve the myriad challenges
our world is facing.
With the massive advancement of digital technology, including AI, robotics, and IoT, the world has entered a time of great transformation. The business landscape is also changing drastically and at an unprecedented pace, demanding innovation in all industries. Transformative times such as these are a major opportunity for Konica Minolta. That is why we have our sights set on becoming a company that provides new value to the world by spearheading innovations, instead of following in the wake of changes in the competitive environment.
With our current Medium Term Business Plan, “SHINKA 2019,” we have set the goal of transforming into “a digital company that provides solutions with insight into implicit challenges.” We are determined to contribute to the evolution of society by working with our customers to create solutions not only to the challenges that are already obvious, but also to the more latent ones. We believe that this type of approach will allow businesses to be sustainable into the future.
Creating New Value Under the Concept of “B to B to P for P”
Konica Minolta is a B-to-B enterprise serving some two
million companies worldwide. But the value we provide is
actually intended for the professionals working on the front
lines in those companies. Our immediate goal is to raise the
productivity and quality of operations by helping revolutionize
the workflow of professionals working in manufacturing,
medicine, nursing, and other professional settings.
The result, however, contributes to the richness of human
life for consumers and end users. This is the social value that
we create, the value that leads to evolution of society. Our
Care Support Solutions, for example, reduce the
workload of staff members at nursing care facilities, allowing
them to concentrate on nursing care service, which in
turn helps improve their patients’ quality of life.
Backcasting is key to creating this kind of business. First, we identify latent issues in various segments of society and envision the kind of world we want to see 10 and 20 years down the road. Then, we work backwards to determine what needs to be done. The United Nation’s Sustainable Development Goals (SDGs) are also important challenges for our company to consider. Envisioning a better world, the Konica Minolta Group is working to create value that will help achieve these goals by the target year, 2030.
Pursuing “Carbon Minus” Status by Applying Backcasting to Global Environmental Challenges
Addressing climate change is a challenge shared by all of
humanity. We recognize that a company’s environmental
efforts affect its corporate competitiveness. For example,
reducing energy and resource usage not only reduces
environmental impact, it also translates into cost savings.
As a guideline to tackle global environmental issues head on, we established the Eco Vision 2050, our long-term environmental vision, which we conceived by backcasting from 2050. As part of that vision, we set the goal of achieving “Carbon Minus” status. This means that in addition to reducing Konica Minolta’s own CO2 emissions, we intend to deliver carbon reductions above and beyond Konica Minolta’s own emissions-by sharing our accumulated environmental technologies and expertise, and the knowledge obtained through our endeavors with business partners and customers to help them reduce their CO2 emissions.
Konica Minolta is also a signatory to and participates in international initiatives to address environmental issues. In July 2018, we declared our support for the final recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). In January 2019, we joined RE100, through which we will contribute to the achievement of a decarbonized society with the goal of sourcing 100% of Konica Minolta’s electricity consumption from renewable sources by 2050.
Human Capital: The Source of Our Ability to Create New Value
Konica Minolta’s purpose is to continue creating new value
that helps resolve the challenges our world faces. The source
of that ability is the approximately 40,000 people working at
the Konica Minolta Group worldwide. After all, the innovation
that drives the creation of value is generated by none other
than our employees, as they work together with customers
and take action. That is why Konica Minolta is working to
strengthen the abilities of its employees, ensuring that
individuals thrive, and to establish systems of innovation, in
a two-pronged approach to driving greater innovation.
To further strengthen the skills and abilities of Konica Minolta Group employees, we are promoting diversity, reforming work styles, investing heavily in young employees, and working on health and wellness initiatives. In April 2019, we changed the name of the Corporate Diversity Office to the Corporate Diversity & Inclusion Office. We feel that this change is in line with our efforts to promote inclusion and our belief that the diversity of our employees is one of our greatest strengths. We are also considering the introduction of a personnel system that rewards employees who go above and beyond to generate innovation.
One way we are driving innovation as an organization is through our five Business Innovation Centers (BICs), which are located across the globe. Our BICs serve as organizations dedicated to the creation of new businesses. We have also established open R&D sites in the cities of Hachioji and Takatsuki in Japan, and developed a system that enables collaboration with partner companies in a wide range of fields.
I believe that my most important mission as chief executive is to continually drive innovation by leveraging the strengths of Konica Minolta employees. I will continue to find new ways to drive “The Creation of New Value” in collaboration with Konica Minolta Group employees around the world while doing my utmost to strengthen our management foundation from an ESG perspective.
President and CEO
Konica Minolta, Inc.