Human Capital: Diversity

Basic Concept and Vision of DEI

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Background and Issues

We believe that the diversity of our talent is the source of new and innovative ideas and that we can create solutions that balance our support people to achieve their own purpose with the realization of a sustainable society as stated in our management vision.

We have been working for years to improve equity and inclusiveness for social minorities and to foster an organizational culture that enables each and every member to maximize their different strengths and to live up to their potential. Since the management integration of Konica and Minolta in 2003, we have accelerated these efforts.

In order to realize our vision and achieve sustainable growth recognized by society, Konica Minolta needs to strengthen the promotion of Diversity, Equity, and Inclusion (DEI) as One Global Konica Minolta Group.

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Basic Concept

We welcome, appreciate, and value what makes each employee unique and seek to nurture individual capabilities and aspirations to solve new challenges together.
Konica Minolta fosters a culture that enables individuals to thrive, stimulates creativity, problem-solving, and innovation, which in turn facilitates our collective intelligence.

Konica Minolta Group Diversity Management Commitment

Responding to the dramatic changes in the business climate surrounding us, we expect “The Creation of New Value” to draw out and incorporate perspectives and ideas that go beyond the scope of past approaches. To put into practice “7. Talent Development and Fostering of an Organizational Culture” in 2023, as part of our commitment to fostering talent development and an organizational culture outlined in the Konica Minolta Group Charter of Corporate Behavior, we disseminated the Konica Minolta Group Diversity Management Commitment, which is our basic approach for promoting DEI within the Company, both internally and externally.

Konica Minolta promotes Diversity(individual thriving), Equity(fair opportunities), and Inclusion(facilitating collective intelligence) to drive co-creation efforts based on recognizing and understanding the diversity of all stakeholders, thereby continuously creating and offering new value that contributes to the growth of our customers’ businesses. Together with our corporate clients, we strive to help build a prosperous, sustainable society where everyone can pursue their own purpose and happiness.

Based on the Diversity Management Commitment, Konica Minolta will clearly define its vision in terms of DEI, establish a promotion system, and systematically implement measures.

Diversity, Equity and Inclusion Goals for achieving our long-term vision

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Vision

Diversity (Individual thriving)	Vision for 2030: Ensure diversity in all decision-making forums. Concept: Diversity of talent, differences in experience, knowledge, skills, thoughts, and values bring varied perspectives and innovative ideas to the organization Diversity in gender, age, nationality, race and ethnicity, sexual orientation and gender identity, and disability generates more experiences and different thoughts and values
Equity (Fair opportunities)	Vision for 2030: Minimize barriers and disadvantages that impede performance. Concept: Providing fair opportunities to perform will maximize each employee’s potential. Provide tools and resources tailored to each individual’s situation and remove organizational barriers so that everyone has the opportunity to succeed
Inclusion (Facilitating collective intelligence)	Vision for 2030: A company where everyone speaks out, exchanges opinions, and creates innovative ideas. Concept: An organizational culture that welcomes individual differences, provides psychological safety, and permits full participation in the decision-making process will generate positive challenges and healthy conflict

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Key Measures and KPIs

In December 2022, we formulated priority measures to be implemented from fiscal 2023 to 2025 and set KPIs based on the Konica Minolta Group Diversity Management Commitment.

Key Measures

	Diversity: Individual Thriving	Equity: Fair Opportunities	Inclusion: Facilitating Collective Intelligence
Konica Minolta Group	Formulate and implement independent DEI promotion plans at major companies to meet societal demands and achieve our desired organizational culture. Provide learning opportunities to promote DEI throughout the Group and strengthen awareness-raising activities
Konica Minolta, Inc.	Formulate and implement an independent DEI promotion plan for each organization to achieve the desired organizational culture. Implement empowerment leader training
Konica Minolta, Inc.	Proactively recruit women. Formulate and implement individual development plans and training for women leader candidates	Support the building of optimal career visions for diverse human resources	Provide learning opportunities to promote DEI in accordance with Japanese culture and characteristics

KPI

Diversiting: Individual Thrive

Percentage of Women in Management

	Results				Targets
	FY2021	FY2022	FY2023	FY2024	FY2024	FY2025	FY2030
Konica Minolta Group	19.8%	20.3%	21.1%	19.2%	22% or more	23% or more	26% or more
Konica Minolta, Inc.	9.1%	9.9%	10.7%	11.1%	12% or more	13% or more	18% or more

Konica Minolta Group: As of each fiscal year-end, is aggregated for Konica Minolta, Inc., domestic consolidated subsidiaries, and approximately 50 major overseas consolidated subsidiaries with 200 or more employees. The scope covers 87% of the consolidated group by headcount in fiscal 2021, over 88% in fiscal 2022, and over 86% in fiscal 2023, and over 85% in fiscal 2024.

*Konica Minolta, Inc.: Regular employees as of April 1 following each fiscal year
*Note that fiscal 2030 is as of April 1, 2030.

Equity: Fair Opportunities

Global Employee Survey Item “Equity”

	Results				Targets
	FY2021	FY2022	FY2023	FY2024	FY2024	FY2025
Konica Minolta Group	7.1	7.4	7.6	7.6	7.8	8.0 or more
Konica Minolta, Inc.	6.1	6.1	6.6	6.7	6.7	7.0 or more

*Average score of answers to the following question on a scale of 0 to 10
Equity: “People from all backgrounds are treated fairly at my company.”
*As FY2023 to FY2025 policy, target values are set based on the same industry benchmarks as the FY2021 survey

Inclusion: Facilitating Collective Intelligence

Global Employee Survey Item “Freedom of Opinion”

	Results				Targets
	FY2021	FY2022	FY2023	FY2024	FY2024	FY2025
Konica Minolta Group	6.9	7.2	7.3	7.4	7.7	8.0 or more
Konica Minolta, Inc.	6.5	6.6	6.8	6.9	7.2	7.5 or more

*Average score of answers to the following question on a scale of 0 to 10
Freedom of Opinion: “At work, my opinions are valued.”
*As FY2023 to FY2025 policy, target values are set based on the same industry benchmarks as the FY2021 survey

Initiatives for FY2024

The following are measures we are continuously and proactively taking ahead of schedule to achieve our KPI targets.

Inclusion (Facilitating collective Intelligence)
Diversity (Individual Thriving)	Promoting women’s advancement Promoting employment of people with disabilities
Equity (Fair Opportunities)	Fostering a DEI-Based organizational culture • Formulate and implement a DEI promotion plan that leads to business growth. • Provide learning opportunities for each employee • Activities to embrace diversity (strengthen awareness-raising activities)

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Promotion System

This system is overseen by the executive officer responsible for diversity enhancement, who is appointed by Konica Minolta’s global group president and CEO. The promotion of DEI across the Konica Minolta Group as one entity is led by Diversity, Equity and Inclusion Office, established at Konica Minolta, Inc., and is driven by a vertical approach in which Executive Officers and Corporate Vice Presidents responsible for each business and function implement measures to achieve their respective targets, together with a horizontal support structure in which DEI promotion departments at major group companies assist other Group companies. Through these efforts, the Konica Minolta Group will work together to accelerate the progress of DEI.

Implement measures to achieve targets under the responsibility of Executive Officers and Corporate Vice Presidents

Executive Officers and Corporate Vice Presidents are responsible for realizing the vision for 2030, setting targets and formulating measures through the end of FY2025 for their respective businesses and functions. These actions will be promoted as one of the management strategies of each business and function.

DEI Office of Konica Minolta, Inc. and key geographical companies will support local Group companies

The DEI Offices established at the main companies of the Konica Minolta Group will support the promotion of DEI at Group companies based on their specialized knowledge and experience in order to realize our DEI goals.