TCFD Disclosures

Konica Minolta positions its efforts to address climate change as one of the key areas managed under its sustainability management. Decisions regarding the setting or modification of key targets are made with the approval of the Board of Directors. Specifically, the Board of Directors approved the setting or revision of targets in 2008, 2017, 2020, and 2023. In March 2026, new climate change targets were also established under the medium-term management plan "Corporate Plan 2026-2028," which began in FY2026, and initiatives toward achieving these targets were launched.

At Konica Minolta, the President and CEO has ultimate responsibility for environmental management and provides overall direction, while the Group Environmental Officer oversees the implementation of the medium-term plan and reports its progress to the Audit Committee every month.

To address climate change risks, Konica Minolta has established a long-term goal of achieving net-zero CO₂ emissions across the product lifecycle (Scopes 1, 2, and 3) by 2050. By integrating climate change-related risks into its business risk management and aligning its medium-term and annual climate action targets with medium-term business plans for product planning and development, production and procurement, sales, and other business activities, Konica Minolta aims to achieve these targets through its business activities.
In terms of opportunities, Konica Minolta aims to drive business growth by increasing its contribution to reducing energy consumption and CO₂ emissions at customer companies and across society. The Company is strengthening the core technologies cultivated by each of its businesses since its founding into a suite of evolved core technologies through the use of AI and the integration of technologies across business domains. By leveraging these technologies, Konica Minolta will further contribute to reductions in energy consumption and CO₂ emissions by driving transformation in workflows, supply chains, and society, while promoting growth in its Industry Business and creating new businesses that will enable it to remain a company needed by society.

At Konica Minolta, we view climate change as a critical management issue that affects corporate value. We evaluate changes in the business environment driven by the transition to a decarbonized society in terms of both risks and opportunities, and are accelerating transformation across the entire value chain—including product design, manufacturing, logistics, sales, collection, and recycling—going beyond reductions in greenhouse gas emissions.
Based on this approach, we have established science-based targets (SBTs) aligned with the Paris Agreement and the 1.5°C target and formulated a transition plan to achieve net zero by FY2050. This plan clearly defines short-, medium-, and long-term targets and specific actions. Through the plan, Konica Minolta aims to realize a sustainable society while achieving both decarbonization and business growth.

Through FY2025, Konica Minolta focused on energy-saving activities in production processes, site optimization, and expanding the use of renewable energy (40% adoption rate) to reduce Scope 1 and 2 emissions.
Toward FY2030, Konica Minolta will promote improvements in energy efficiency through the replacement of aging equipment, site consolidation, reductions in gasoline consumption by sales vehicles through remote services and online sales meetings, and the additional introduction of renewable energy (target adoption rate: 50%), progressively reducing emissions to 160 thousand tons.
Toward FY2035, Konica Minolta plans to reduce emissions to 90 thousand tons by improving production process efficiency and piloting fuel conversion, reducing travel by sales vehicles and transitioning to alternative vehicles, and further expanding the use of renewable energy.

To reduce Scope 3 emissions, Konica Minolta promoted compact and lightweight designs, energy-saving designs, and reductions in air freight through FY2025.
As the Company enters its next stage of growth, emissions targets have been established taking into account business expansion and risks arising from external factors, such as impacts on logistics due to geopolitical factors. The FY2030 target is more ambitious than the target approved by the SBTi.
Key measures include expanding the circular use of resources in products at a rate exceeding business growth, maximizing the use of circular materials (recycled and plant-derived materials), and enhancing energy consumption measurement methods. Through these measures, Konica Minolta plans to progressively reduce emissions to 780 thousand tons in FY2030 and 640 thousand tons in FY2035.

From FY2035 onward, Konica Minolta will advance the transition to a circular business model by extending product lifespans and expanding reuse and remanufacturing. The Company will also accelerate the decarbonization of raw material production in collaboration with suppliers, the transition to low-carbon logistics, and improvements in energy efficiency during product use. Furthermore, Konica Minolta will expand the use of renewable-energy-derived materials and next-generation circular materials to reduce emissions across the value chain.

By steadily implementing these initiatives, Konica Minolta will promote emission reductions aligned with the 1.5°C target. For residual emissions that are technically or economically difficult to avoid, the Company will consider the use of high-quality carbon removals and high-quality carbon removal credits generated from such removals. Through these efforts, Konica Minolta aims to achieve net zero across the value chain by FY2050.

Konica Minolta has identified business risks that could affect its business performance in 2030, and business opportunities that can be created by proactively addressing the challenges posed by climate change, based on two scenarios: one in which the global temperature increase is kept below 2°C (equivalent to 1.5°C) and the world transitions to a low-carbon society, and another in which the global temperature increase exceeds 2°C and the physical impacts of climate change materialize.
Scenario analysis is conducted through the following process:

• Identification of business areas subject to climate change scenario analysis.
• Identification of material climate-related risks and opportunities.
• Review of existing scientific scenarios related to climate change.
• Clarification of risks, opportunities, and anticipated financial impacts under each scenario.
• Consideration of future response policies and strategies.

The climate-related financial impacts identified through the scenario analysis are reported to the Group Environmental Promotion Committee, where they are discussed with the relevant business and corporate divisions. The Group Environmental Officer, appointed by the President and CEO, provides instructions to ensure the thorough implementation of future response policies, strategies, and measures throughout the Group.

Based on the results of the scenario analysis described above, Konica Minolta has identified material climate-related risks and opportunities in terms of their impacts on its business, strategy, and financial performance. The following outlines the major business impacts, financial impacts, time horizons, and response measures, organized by lifecycle stage (procurement, direct operations, and use of products and services).

Konica Minolta defines risk management as activities that seek to maximize returns while minimizing the negative impacts of risks, and assesses risks from a medium- to long-term perspective. Environmental risks, including climate change, are assessed and managed from a medium- to long-term perspective by evaluating the magnitude and uncertainty of climate-related risks under two scenarios: one in which the global temperature increase is kept below 2°C (equivalent to 1.5°C) and the world transitions to a low-carbon society, and another in which the global temperature increase exceeds 2°C and the physical impacts of climate change materialize. Konica Minolta also positions environmental risk as one of the Group's management risks and manages it through the Risk Management Committee.
The Group Environmental Promotion Committee discusses plans and measures for addressing climate change on a quarterly basis. It also reviews changes in risks twice a year and reassesses the risks accordingly. Progress on the plans is reported monthly to the President and CEO by the Group Environmental Officer, who is appointed by the President and CEO. Important environmental issues are also reported by the Group Environmental Officer to the Management Council, other deliberative bodies, and the Risk Management Committee. The Audit Committee regularly receives reports on the progress of management plans for addressing climate change and oversees their implementation.
The risk classification framework used categorizes transition risks as Policy and Legal, Technology, Market, and Reputation, and physical risks as Acute Physical and Chronic Physical.

Konica Minolta has established Product Lifecycle CO₂ Emissions (Scopes 1, 2, and 3^*1), renewable energy-derived electricity utilization rate, and Avoided CO₂ Emissions^*2 (reductions outside Scopes 1, 2, and 3) as metrics for managing climate-related risks and opportunities.
Konica Minolta set a target of achieving, by the end of FY2025, a state in which the avoided CO₂ emissions generated in society and at customer sites outside the scope of its product lifecycle exceed its own product lifecycle CO₂ emissions. In FY2025, product lifecycle CO₂ emissions were 699 thousand tons, while Avoided CO₂ Emissions reached 1,118 thousand tons, meaning that the target was achieved.

• *1Scope 1: Direct emissions from the company’s activities, such as fuel use.
  Scope 2: Indirect emissions resulting from the use of electricity, heat, and steam supplied by other companies.
  Scope 3: Emissions associated with the company's business activities throughout the value chain, excluding Scope 1 and Scope 2 emissions, such as those from raw material procurement, logistics, and product use.
• *2Avoided CO₂ Emissions: CO₂ emissions avoided in society and at customer sites through the provision of Konica Minolta’s products and solutions, outside Scopes 1, 2, and 3 (compared with the market- average alternative that would have been used if Konica Minolta’s products and solutions had not been provided).

Product lifecycle CO₂ emissions include all Scope 1 and 2 emissions (emissions from the production, sales, and service stages) and emissions from major Scope 3 categories (the procurement, logistics, and product use stages).
Konica Minolta set a target of reducing emissions by 61% from the FY2005 level, to 800 thousand tons, by the end of FY2025. In FY2025, the Company achieved this target by reducing emissions by 66%, to approximately 699 thousand tons (Scope 1: 147 thousand tons; Scope 2: 80 thousand tons; major Scope 3 categories: 472 thousand tons).Konica Minolta obtains third-party assurance each fiscal year for various non-financial data disclosed in its Environmental/Social Data, including CO₂ emissions (Scope 1, Scope 2, and some Scope 3 emissions), to ensure the validity of the data. Third-party assurance has been obtained for FY2025 data.

For the renewable energy-derived electricity utilization rate, Konica Minolta has set targets of increasing the proportion of renewable energy-derived electricity used in its business activities to at least 50% by FY2030 and 100% by FY2050, in anticipation of a future in which fossil fuels will no longer be available for use. Increasing this ratio will contribute to reducing Scope 2 emissions. The renewable energy-derived electricity utilization rate increased from 20.7% in FY2024 to 39.8% in FY2025 with the full-scale use of renewable energy-derived electricity at production and R&D sites in Japan.

As part of its initiatives through FY2025, Group companies that manufacture printing materials and consumables such as toner reviewed their electricity supply contracts and utilized "Non-fossil Certificates with Tracking" under renewable electricity plans, achieving 100% renewable electricity use. As a result, 100% renewable electricity use (excluding self-generated electricity) was achieved at all production sites worldwide in the Business Technologies Business (multifunction printers, digital printing systems, and consumables), which accounts for approximately 80% of the Group's total sales.

In the Business Technologies Business, one of Konica Minolta's core businesses, the Company delivers its products to customers around the world. To prevent supply chain disruptions caused by large-scale natural disasters and other events from interrupting product supplies to customers, Konica Minolta traces the supply routes for critical parts and raw materials for which alternatives are difficult to secure back to their raw material sources, while working to secure multiple suppliers and evaluate alternative materials. For major components, the Company is promoting dual sourcing, identifying new suppliers, evaluating alternative parts and materials, accelerating the switch to alternative components and materials, including through design changes, and flexibly reviewing inventory levels.
To prepare for such climate-related disaster risks, Konica Minolta operates its own toner filling facilities in Japan, Europe, and North America and strives to maintain a highly resilient supply chain capable of supplying products in the regions where they are consumed.

Konica Minolta has adopted both economic value and environmental value created by providing its products and solutions to stakeholders as metrics for managing climate-related opportunities and has set corresponding targets.
For economic value, Konica Minolta has established "Sales of Contributing Products," "Ratio of Sales of Contributing Products" (the ratio of sales of Contributing Products to total sales), and "Contribution Efficiency of Growth Businesses."
For environmental value, Konica Minolta has established "Avoided CO₂ Emissions." In FY2025, the Company worked to expand sales of products such as inkjet (IJ) components and digital printing systems that improve productivity by transforming workflows from analog to digital printing, cinema projector lenses that eliminate the need for power-intensive light sources, and hyperspectral cameras that contribute to resource recycling through advanced identification of waste plastics. As a result, Avoided CO₂ Emissions reached 1,118 thousand tons against the FY2025 target of 800 thousand tons.
By FY2050, Konica Minolta aims to achieve 40 million tons of cumulative Avoided CO₂ Emissions, exceeding its cumulative CO₂ emissions since the integration of Konica and Minolta.

Konica Minolta has identified "Addressing Climate Change" as one of the five material issues to be addressed under its long-term management vision. The Company allocates capital to business activities that contribute to enhancing corporate value and realizing a low-carbon society over the medium to long term. Climate change initiatives are integrated into ordinary capital expenditures and R&D activities, and climate-related investments are not separately identified and managed at present. Information on capital expenditures and investments and loans is provided in Corporate Plan 2026-2028, while information on R&D activities is provided under Technology.

Konica Minolta has introduced an internal carbon price (ICP) to facilitate decision-making on low-carbon investments and promote the implementation of effective energy efficiency measures. The costs, measures, and timeframes required to reduce one ton of CO₂ emissions differ between Scope 1 (direct emissions from fuel use) and Scope 2 (indirect emissions from electricity use). To enhance the effectiveness of its ICP, the Group takes into account the distinct environmental value of Scope 1 and Scope 2 emission reductions and applies different carbon prices accordingly.
Carbon prices are set with reference to the regulatory frameworks and market trends in each country. The Company may revise these prices in light of changing circumstances.

To strengthen incentives to achieve the targets of Corporate Plan 2026-2028 and encourage ownership of the Company's shares, Konica Minolta has introduced performance-linked medium-term stock-based compensation and has included "CO₂ Emission Reductions through Initiatives" as one of its non-financial performance indicators.^* The amount of stock-based compensation for the President and CEO and other Executive Officers is determined within a range of 0% to 200% after the completion of Corporate Plan 2026-2028, based on the degree of target achievement, and Company shares are granted accordingly.

*At its meeting held in March 2026, the Compensation Committee resolved to revise the compensation system for Executive Officers.