KONICA MINOLTA

About Konica Minolta

Giving Shape to Ideas

Konica Minolta Holdings, Inc.
August 5, 2003

(Continued.)

Overview of the Konica Minolta Group Following Business Reorganization
(After October 1, 2003)

  1. Konica Minolta Holdings, Inc.
    1. Description of Business: Holding Company (Planning and promoting group management strategy, auditing group management, other group management and administration)
    2. Location of Headquarters: Chiyoda-ku, Tokyo
    3. Representative:
      Fumio Iwai, President & CEO, Representative Executive Officer
      Yoshikatsu Ota, Vice President, Representative Executive Officer
    4. Capital: ¥37,519 million
    5. Number of Shares Issued: 531,664,337
    6. Closing Date: March 31
    7. Number of Employees: Approximately 140
    8. Major Banks: The Bank of Tokyo-Mistubishi, Ltd., UFJ Bank Limited, Sumitomo Mitsui Banking Corporation
    9. Estimated Consolidated Sales for Fiscal 2003: 1,142 billion yen
  2. Konica Minolta Business Technologies, Inc.
    1. Description of Business: Manufacturing, sale and related services of copiers, printers, micro- systems, facsimiles, and related supplies.
    2. Location of Headquarters: Chiyoda-ku, Tokyo
    3. Representative: Yoshikatsu Ota, President and CEO
    4. Capital: ¥500 million
    5. Shareholder: 100% owned by Konica Minolta Holdings, Inc.
    6. Closing Date: March 31
    7. Number of Employees: Approximately 22,000
    8. Estimated Consolidated Sales for Fiscal 2003: ¥617 billion
  3. Konica Minolta Opto, Inc.
    1. Description of Business: Manufacturing and sale of optical and related products and electronic materials
    2. Location of Headquarters: Hachioji, Tokyo
    3. Representative: Takashi Matsumaru, President and CEO
    4. Capital: ¥500 million
    5. Shareholder: 100% owned by Konica Minolta Holdings, Inc.
    6. Closing Date: March 31
    7. Number of Employees: Approximately 1,900
    8. Estimated Consolidated Sales for Fiscal 2003: ¥108 billion
  4. Konica Minolta Photo Imaging , Inc.
    1. Description of Business: Manufacturing, sale and related services of consumer and commercial photographic materials, ID photos, inkjet media, and related equipment
    2. Location of Headquarters: Hino, Tokyo
    3. Representative: Hideaki Iwama, President and CEO
    4. Capital: ¥500, million
    5. Shareholder: 100% owned by Konica Minolta Holdings, Inc.
    6. Closing Date: March 31
    7. Number of Employees: Approximately 3,900
    8. Estimated Consolidated Sales for Fiscal 2003: ¥166 billion
  5. Konica Minolta Camera , Inc.
    1. Description of Business: Manufacturing, sale, and related services of photographic equipment such as digital cameras, film cameras and lenses
    2. Location of Headquarters: Sakai, Osaka
    3. Representative: Hiroshi Fujii, President and CEO
    4. Capital: ¥500, million
    5. Shareholder: 100% owned by Konica Minolta Holdings, Inc.
    6. Closing Date: March 31
    7. Number of Employees: Approximately 4,100
    8. Estimated Consolidated Sales for Fiscal 2003: ¥161 billion
  6. Konica Minolta Medical and Graphic , Inc.
    1. Description of Business: Manufacturing, sale, and related services of film and processing equipment for medical and graphic imaging
    2. Location of Headquarters: Shinjuku-ku, Tokyo
    3. Representative: Teruo Kawaura, President and CEO
    4. Capital: ¥500, million
    5. Shareholder: 100% owned by Konica Minolta Holdings, Inc.
    6. Closing Date: March 31
    7. Number of Employees: Approximately 2,900
    8. Estimated Consolidated Sales for Fiscal 2003: ¥153 billion
  7. Konica Minolta Sensing , Inc.
    1. Description of Business: Manufacturing and sale of instrument systems for photographic, industrial and medical industries
    2. Location of Headquarters: Sakai, Osaka
    3. Representative: Hiroshi Furukawa, Pesident and CEO
    4. Capital: ¥495, million
    5. Shareholder: 100% owned by Konica Minolta Holdings, Inc.
    6. Closing Date: March 31
    7. Number of Employees: Approximately 400
    8. Estimated Consolidated Sales for Fiscal 2003: ¥10.5 billion
  8. Konica Minolta Technology Center, Inc. <Corrected on August 11>
    1. Description of Business: Research and development, incubation of new technologies and businesses, and administration and services of intellectual properties
    2. Location of Headquarters: Hino, Tokyo
    3. Representative: Kaoru Onodera, President and CEO
    4. Capital: ¥50 million
    5. Shareholder: 100% owned by Konica Minolta Holdings, Inc.
    6. Closing Date: March 31
    7. Number of Employees: Approximately 800
    8. Estimated Consolidated Sales for Fiscal 2003: Sales are made within the Group, so the amount is not listed.
  9. Konica Minolta Business Expert , Inc.
    1. Description of Business: Various management supports and indirect functions and services
    2. Location of Headquarters: Hachioji, Tokyo
    3. Representative: Toshiaki Ishihara, President and CEO
    4. Capital: ¥495 million
    5. Shareholder: 100% owned by Konica Minolta Holdings, Inc.
    6. Closing Date: March 31
    7. Number of Employees: Approximately 1,400
    8. Estimated Consolidated Sales for Fiscal 2003: Sales are made within the Group, so the amount is not listed.

Notes:

(1)
The estimated amount of consolidated net sales for fiscal 2003 for each item is a simple total amount of net sales resulting from the business plan for fiscal 2003 of Konica Corporation and Minolta Co., Ltd., respectively, which were announced on May 15, 2003.
(2)
The net sales of Konica Minolta Holdings, Inc. amounting to ¥1,142 billion (1.) is the amount adjusted by deducting other outside sales and inter-group sales amounts from the total amount of¥1,215.5 billion (2. to 7.).

Cautionary Statement Regarding Forward-Looking Statements:

This press release includes forward-looking statements that reflect the plans and expectations of Konica Minolta Holdings, Inc. To the extent that statements in this press release do not relate to historical or current facts, they constitute forward-looking statements. The forward-looking statements are based on the current assumptions and beliefs of Konica Minolta Holdings, Inc. in light of the information available to it, and involve known and unknown risks and uncertainties. Potential risks and uncertainties include, but are not limited to, the ability of Konica Minolta Holdings, Inc. to integrate the operations of Konica Corporation and Minolta Co., Ltd. effectively, as well as the factors identified under "Forward-Looking Statements" of the Annual Report 2002 of Konica Corporation and "Disclaimer Regarding Forward-Looking Statements" of the Annual Report 2002 of Minolta Co., Ltd. Such risks, uncertainties and other factors may cause the actual results, performance or financial position of Konica Minolta Holdings, Inc. to differ materially from those expressed or implied in the forward-looking statements. Konica Minolta Holdings, Inc. undertakes no obligation to update publicly any forward-looking statements after the date of this press release.

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