KONICA MINOLTA

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Financial Results / Presentation Materials 2004

(Millions of yen)

  April 1, 2002 -
March 31, 2003
April 1, 2003 -
March 31, 2004
Increase / Decrease
Amount % of net sales Amount % of net sales Amount YoY (%)
  Net Sales 559,041 100.0 860,420 100.0 301,379 53.9
  Cost of sales 321,381 57.5 498,967 58.0 177,586 55.3
  Gross profit 237,660 42.5 361,453 42.0 123,793 52.1
  Selling, general and
  administrative expenses
194,804 34.8 303,922 35.3 109,117 56.0
Operating income 42,855 7.7 57,530 6.7 14,675 34.2
Non-operating income [6,765] 1.2 [8,762] 1.0 [1,997] 29.5
  Interest and dividend income 1,051   1,003   (48)  
  Equity Method Profits 310   61   (249)  
  Other 5,403   7,697   2,294  
Non-operating expenses [17,181] 3.1 [23,106] 2.7 [5,924] 34.5
  Interest expense 4,484   5,190   706  
  Other 12,697   17,915   5,218  
Recurring profit 32,438 5.8 43,186 5.0 10,747 33.1
Extraordinary profit [8,263] 1.5 [897] 0.1 [(7,365)] (89.1)
  Gain on sales of fixed assets 181   690   509  
  Gain on sales of investment
  securities
0   207   206  
  Return of the proxy
  portion of the national
  employees' pension fund
8,081   -   (8,081)  
Extraordinary losses [15,973] 2.9 [11,721] 1.4 [(4,252)] (26.6)
  Loss on disposal and sale of
  fixed assets
3,294   3,168   (125)  
  Loss on sale of investment
  securities
12   330   318  
  Write-down on investment
  securities
2,167   451   (1,716)  
  Provision of reserve for
  reorganization/liquidation
  expenses
5,637   -   (5,637)  
  Transition obligations due to
  adoption of new accounting
  standards for retirement
  benefits
1,325   1,540   214  
  Reserve for directors'
  retirement benefits
-   513   513  
  Special premium withdrawal
  from national employees'
  pension fund
543   513   (29)  
  Expenses related to switch to
  defined benefit pension plan
2,993   180   (2,812)  
  Management integration
  rationalization expenses
-   5,022   5,022  
Income before income taxes and
minority interests
24,728 4.4 32,363 3.8 7,634 30.9
  Income taxes 14,375   22,466   8,090  
  Deferred income taxes (6,195)   (2,841)   3,354  
  Minority interest in earnings of
  consolidatedsubsidiaries
172   189   17  
Net income 16,375 2.9 12,548 1.5 (3,827) (23.4)

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