Notice regarding recording of valuation loss on shares of affiliates (as an extraordinary loss) in the separate financial statements
April 5, 2019
To whom it may concern,
Company Name: Konica Minolta, Inc.
Representative: Shoei Yamana, President and CEO
Stock Exchange Listing: Tokyo (First Section)
Local Securities Code Number: 4902
Contact: Mami Iwamoto, General Manager, Corporate Communications Office
Tel: (81) 3-6250-2100
Konica Minolta, Inc. (the “Company”) announces that it anticipates to record a loss on shares of its affiliated company in the separate financial closing for the fiscal year ended March 31, 2019 (April 1, 2018 to March 31, 2019), as follows:
1. Details of the recording of a valuation loss
The Company owns 65.5% shares of MOBOTIX AG (listed on the Entry Standard Market of Frankfurt Stock Exchange, “MOBOTIX”), a German manufacture of IP video surveillance cameras and video management software. As a result of a decline in MOBOTIX’s stock price, the Company will record a loss on MOBOTIX’s shares held in the separate financial statements for the fiscal year ended March 31, 2019.
2. Amount of impacts on profit and loss of the Company resulting from the recording of a valuation loss
The Company will record 12.6 billion yen of valuation loss on shares of affiliates as an extraordinary loss for MOBOTIX’s shares held in the separate financial statements for the fiscal year ended March 31, 2019.
The valuation loss on shares of affiliates to be recorded has no effect on the consolidated results of operations because MOBITIX is a consolidated subsidiary of the Company and the loss will be eliminated in the consolidated financial closing.