KONICA MINOLTA 2nd Quarter Financial Results 2014

(Units of less than 1 million yen have been omitted.)

1. Overview of the 2Q performance (From April 1, 2013 to September 30, 2013)

(1) Business performance

Percentage figures represent the change from the same period of the previous year.

[Millions of yen]
  Net sales Operating income Ordinary income Net income
2Q Mar/2014 450,454 17.4% 24,180 19.2% 21,498 17.8% 5,558 -27.0%
2Q Mar/2013 383,818 1.5% 20,279 30.0% 18,250 57.3% 7,609 102.8%

Note: Comprehensive income
2Q Mar/2014: ¥ 18,540 million (- %)
2Q Mar/2013: ¥ (3,371) million (- %)

  Net income per share Net income per share
(after full dilution)
2Q Mar/2014 10.48 yen 10.46 yen
2Q Mar/2013 14.35 yen 13.89 yen

(2) Financial position

[Millions of yen]
  Total assets Net assets Equity ratio
Net assets per share
September 30, 2013 960,926 481,211 49.9% 904.31 yen
March 31, 2013 940,553 466,416 49.4% 876.65 yen

Note: Shareholders' equity
As of September 30, 2013: ¥ 479,581 million
As of March 31, 2013: ¥ 464,904 million

2. Dividends per share

  1Q 2Q 3Q Year-end Total annua
FY Mar/2013 - 7.50 - 7.50 15.00
FY Mar/2014 - 10.00      
FY Mar/2014 (forecast)     - 7.50 17.50

Note: Change to the latest dividend forecast announced:  None

Breakdown for dividends of 2Q Mar/2014
Common dividend: ¥ 7.50
Commemorative dividend: ¥ 2.50

3. Consolidated results forecast for fiscal year ending March 31, 2014 (From April 1, 2013 to March 31, 2014)

Percentage figures for the full year represent the change from the previous fiscal year.

[Millions of yen]
  Net sales Operating income Ordinary income Net income Net assets per share
Full-year 930,000 14.4% 58,000 42.6% 54,000 38.8% 18,000 19.0% 33.94 yen

Note: Change to the latest consolidated results forecast announced:  Yes


  1. Changes in status of material subsidiaries during the quarter under review (Changes to specified subsidiaries accompanying the additional consolidation or removal from consolidation of companies): Yes - excluded three subsidiaries: Konica Minolta Business Technologies, Inc.
    Konica Minolta Advanced Layers, Inc.
    Konica Minolta Technology Center, Inc.

    Note: For more detailed information, please see "(1) Changes in Status of Material Subsidiaries during the Quarter under Review" in section 2. SUMMARY INFORMATION (NOTES) on page 13.

  2. Adoption of special accounting treatment used in preparation of the quarterly consolidated financial statements:  Yes

    Note: For more detailed information, please see"(2) Adoption of Special Accounting Treatment Used in Preparation of the Consolidated Quarterly Financial Statements" in section 2. SUMMARY INFORMATION (NOTES) on page 13.

  3. Changes in accounting policy, changes in accounting estimates, or restatement due to correction
    1. Changes in accounting policy accompanying amendment of accounting principles:  None
    2. Changes in accounting policy other than " a." :  None
    3. Changes in accounting estimates:  None
    4. Restatement due to correction:  None
  4. Number of outstanding shares (common stock)
    1. Outstanding shares at period-end (including treasury stock)
      Second quarter of fiscal year ending March 31, 2014:  531,664,337 shares
      Fiscal year ended March 31, 2013:  531,664,337 shares
    2. Treasury stock at period-end
      Second quarter of fiscal year ending March 31, 2014:  1,337,508 shares
      Fiscal year ended March 31, 2013:  1,346,048 shares
    3. Average number of outstanding shares
      Second quarter of fiscal year ending March 31, 2014:  530,319,495 shares
      Second quarter of fiscal year ended March 31, 2013:  530,283,496 shares

Presentation of Present Status of Quarterly Review Procedures

This "Second Quarter Consolidated Financial Results" is not subject to quarterly review procedures in accordance with the Financial Instruments and Exchange Law and, as of the date of publication of these quarterly consolidated financial results, the quarterly review procedures for the consolidated quarterly financial statements are currently in progress.

Explanation of Appropriate Use of Performance Projections and Other Special Items

(Note on forward-looking statements)

This document contains projections of performance and other projections that were made based on information currently available and certain assumptions judged to be reasonable. The Group makes no warranty as to the achievability of the projections. There is a possibility that diverse factors may cause actual performance, etc. to differ materially from the projections. Please see "(3) Outlook for the Fiscal Year Ending March 31, 2014" in section 1. CONSOLIDATED OPERATING RESULTS on page 12 for more information on points to be remembered in connection with assumptions for projections and the use of projections.

(How to obtain supplementary information and information on a financial results briefing)

The Group will hold a financial results briefing for institutional investors on Thursday, October 31, 2013. Descriptions at the briefing and presentation slides to be used at the briefing will be posted on the website of the Group immediately after the briefing.