KONICA MINOLTA Financial Results 2017

(Amounts less than one million yen have been omitted.)

1. Overview of performance (From April 1, 2016 to March 31, 2017)

(1) Business performance

Percentage figures represent the change from the previous year.

[Millions of yen]
  Revenue Operating profit Profit before tax
Fiscal Year ended Mar 2017 962,555 -6.7% 50,135 -16.5% 49,341 -15.0%
Fiscal Year ended Mar 2016 1,031,740 2.9% 60,069 -8.7% 58,029 -11.4%
[Millions of yen]
  Profit for the year Profit attributable to owners of the company Total comprehensive income
Fiscal Year ended Mar 2017 31,485 -1.6% 31,542 -1.3% 25,317 -
Fiscal Year ended Mar 2016 32,000 -21.9% 31,973 -21.9% 351 -99.4%
  Basic earnings per share Diluted earnings per share Profit ratio to equity attributable to owners of the company Profit before tax ratio to total assets Operating profit ratio
Fiscal Year ended Mar 2017 63.65 yen 63.47 yen 6.1% 5.0% 5.2%
Fiscal Year ended Mar 2016 64.39 yen 64.21 yen 6.1% 5.9% 5.8%

(Reference) Share of profit (loss) of investments accounted for using the equity method:
Fiscal year ended March 31, 2017: ¥ (66) million
Fiscal year ended March 31, 2016: ¥ (16) million

(Note) Basic earnings per share and diluted earnings per share are calculated based on the profit attributable to owners of the company.

(2) Financial position

[Millions of yen, unless otherwise stated]
  Total assets Total equity Equity attributable to owners of the company Equity ratio attributable to owners of the company Equity per share attributable to owners of the company
As of March 31, 2017 1,005,435 534,149 524,331 52.1% 1,057.92 yen
As of March 31, 2016 976,370 514,981 514,285 52.7% 1,037.96 yen

(3) Cash flows

[Millions of yen]
  Operating activities Investing activities Financing activities Cash and cash equivalents at the end of the year
Fiscal Year ended Mar 2017 68,659 (70,594) (2,347) 92,628
Fiscal Year ended Mar 2016 59,244 (110,788) (20,571) 99,937

2. Dividends per share

[yen]
  1Q 2Q 3Q Year-end Total annual
Fiscal Year ended Mar 2016 - 15.00 - 15.00 30.00
Fiscal Year ended Mar 2017 - 15.00 - 15.00 30.00
Fiscal Year ending Mar 2018 (forecast) - 15.00 - 15.00 30.00
  Total dividends (annual)
(Millions of yen)
Dividends payout ratio (consolidated)
(%)
Dividends on equity attributable to owners of the company ratio (consolidated)
(%)
Fiscal Year ended Mar 2016 14,862 46.6 2.8
Fiscal Year ended Mar 2017 14,867 47.1 2.9
Fiscal Year ending Mar 2018 (forecast)   49.6  

3. Consolidated results forecast for fiscal year ending March 31, 2018 (From April 1, 2017 to March 31, 2018)

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

[Millions of yen, unless otherwise stated]
  Revenue Operating profit Profit attributable to owners of the company Basic earnings per share
Full year 980,000 1.8% 46,000 -8.2% 30,000 -4.9% 60.53 yen

Notes

  1. Changes in status of material subsidiaries during the fiscal year under review (Changes to specified subsidiaries accompanying the additional consolidation or removal from consolidation of companies): Yes
    Excluded one subsidiary: Konica Minolta Glass Tech Malaysia Sdn. Bhd.
  2. Changes in accounting policies, or changes in accounting estimates
    1. Changes in accounting policies required by IFRS:  None
    2. Changes in accounting policies other than “a.”:  None
    3. Changes in accounting estimates:  None
  3. Number of shares (common stock)
    1. Issued shares at period-end (including treasury shares)
      As of March 31, 2017: 502,664,337 shares
      As of March 31, 2016: 502,664,337 shares
    2. Treasury shares at period-end
      As of March 31, 2017: 7,041,082 shares
      As of March 31, 2016: 7,188,993 shares
    3. Average number of outstanding shares during the period
      Fiscal Year ended March 31, 2017: 495,554,436 shares
      Fiscal Year ended March 31, 2016: 496,536,939 shares

(Reference) Overview of non-consolidated performance

1. Non-consolidated performance (From April 1, 2016 to March 31, 2017)

(1) Non-consolidated business performance

Percentage figures represent the change from the previous fiscal year.

[Millions of yen, unless otherwise stated]
  Revenue Operating profit Ordinary income Net income
Fiscal Year ended Mar 2017 436,840 -10.1% 3,332 -82.9% 15,815 -36.1% 11,724 19.3%
Fiscal Year ended Mar 2016 486,105 -2.2% 19,463 -38.3% 24,743 -19.5% 9,828 -55.4%
  Net income per share Net income per share
(after full dilution)
Fiscal Year ended Mar 2017 23.66 yen 23.59 yen
Fiscal Year ended Mar 2016 19.79 yen 19.74 yen
(2) Non-consolidated financial position
[Millions of yen, unless otherwise stated]
  Total assets Net assets Equity ratio Net assets per share
As of March 31, 2017 679,030 349,234 51.3% 702.62 yen
As of March 31, 2016 661,577 347,257 52.3% 698.82 yen

Note: Equity:
Fiscal year ended March 31, 2017: ¥ 348,235 million
Fiscal year ended March 31, 2016: ¥ 346,247 million

This Consolidated Financial Results report is not subject to audit procedures in accordance with the Financial Instruments and Exchange Act and, as of the date of publication of these consolidated financial results, the audit procedures for the Consolidated 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 “(1) Overview of Business Performance, c. Outlook for the Fiscal Year Ending March 31, 2018” in Section 1. “OVERVIEW of BUSINESS PERFORMANCE” on page 7 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)

Konica Minolta, Inc. will hold a financial results briefing for institutional investors on Thursday, May 11, 2017. 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.