KONICA MINOLTA 1st Quarter Financial Results 2015

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

1. Overview of the 1Q performance (From April 1, 2014 to June 30, 2014)

(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
1Q Mar/2015 228,284 4.5% 11,661 49.1% 10,449 48.2% 5,603 -42,7%
1Q Mar/2014 218,543 15.4% 7,818 23.3% 7,050 47.3% 9,774 -%

Note: Comprehensive income
1Q Mar/2015: ¥ 2,461 million (-87.3 %)
1Q Mar/2014: ¥ 19,445 million (- %)

  Net income per share Net income per share
(after full dilution)
1Q Mar/2015 10.97 yen 10.95 yen
1Q Mar/2014 18.43 yen 18.39 yen

(2) Financial position

[Millions of yen]
  Total assets Net assets Equity ratio (%)
June 30, 2014 935,878 467,538 49.8%
March 31, 2014 966,060 480,055 49.5%

Note: Shareholders' equity
As of June 30, 2014: ¥ 465,883 million
As of March 31, 2014: ¥ 478,404 million

2. Dividends per share

  1Q 2Q 3Q Year-end Total annual
FY Mar/2014 - 10.00 - 7.50 17.50
FY Mar/2015 -        
FY Mar/2015 (forecast)   10.00 - 10.00 20.00

Note: Change to the latest dividend forecast announced:  None

3. Consolidated results forecast for the fiscal year ending March 31, 2015 (From April 1, 2014 to March 31, 2015)

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 income per share
Full-year 1,000,000 6.0% 62,000 6.6% 57,000 4.4% 26,000 18.9% 51.51 yen

Note: Change to the latest consolidated results forecast announced:  None

At the Board of Directors meeting held on July 30, 2014, the Company approved the acquisition of its own shares based on Article 156 of the Company Law, which is applicable in accordance with Article 165, Paragraph 3 of the same law. As a result, net income per share in the consolidated results forecasts for the year ending March 31, 2015 has been stated after factoring in the impact of the Company’s acquisition of its own shares.


  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
    Included one subsidiary: Konica Minolta Business Technologies (Malaysia) Sdn.Bhd.
  2. Adoption of special accounting treatment used in preparation of the quarterly consolidated financial statements: Yes
    Note: For more detailed information, please see "(1) Adoption of Special Accounting Treatment Used in Preparation of the Consolidated Quarterly Financial Statements" in section 2. SUMMARY INFORMATION (NOTES) on page 12.
  3. Changes in accounting policy, changes in accounting estimates, or restatement due to correction
    1. Changes in accounting policy accompanying amendment of accounting principles:  Yes
    2. Changes in accounting policy other than "a.":  None
    3. Changes in accounting estimates:  None
    4. Restatement due to correction:  None
  4. Number of shares (common stock)
    1. Issued shares at period-end (including treasury stock)
      First quarter of fiscal year ending March 31, 2015:  531,664,337 shares
      Fiscal year ended March 31, 2014:  531,664,337 shares
    2. Treasury shares at period-end
      First quarter of fiscal year ending March 31, 2015:  21,097,704 shares
      Fiscal year ended March 31, 2014:  16,720,688 shares
    3. Average number of outstanding shares
      First quarter of fiscal year ending March 31, 2015:  510,557,337 shares
      First quarter of fiscal year ended March 31, 2014:  530,316,486 shares

Presentation of Present Status of Quarterly Review Procedures

This "First 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 Konica Minolta 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, 2015" in section 1. CONSOLIDATED OPERATING RESULTS on page 11 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 Wednesday, July 30, 2014. 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.