KONICA MINOLTA Financial Results 2020

(Amounts less than one million yen are rounded down to the nearest million yen.)

1. Consolidated financial results for the fiscal year ended March 31, 2020 (from April 1, 2019 to March 31, 2020)

(1) Consolidated results of operations

(Percentage figures represent changes from the previous fiscal year.)
Fiscal year ended Revenue Operating profit Profit before tax
Millions of yen % Millions of yen % Millions of yen %
March 31, 2020 996,101 -6.0 8,211 -86.8 284 -99.5
March 31, 2019 1,059,120 2.7 62,444 16.0 60,138 22.4
Fiscal year ended Profit for the year Profit attributable to owners of the Company Total comprehensive income
Millions of yen % Millions of yen % Millions of yen %
March 31, 2020 (3,086) - (3,073) - (24,628) -
March 31, 2019 41,729 29.6 41,705 29.3 41,654 20.2
Fiscal year ended 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
Yen Yen % % %
March 31, 2020 (6.21) (6.21) -0.6 0.0 0.8
March 31, 2019 84.33 84.03 7.7 5.0 5.9

(Reference)Share of profit (loss) of investments accounted for using the equity method:
Fiscal year ended March 31, 2020: (255) million yen
Fiscal year ended March 31, 2019: (624) million yen

(Note)Basic earnings per share and diluted earnings per share are calculated based on the profit attributable to owners of Konica Minolta, Inc. (the “Company”).

(2) Consolidated financial position

As of 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
Millions of yen Millions of yen Millions of yen % Yen
March 31, 2020 1,276,768 533,766 523,745 41.0 1,058.29
March 31, 2019 1,218,986 565,983 555,689 45.6 1,123.39

(3) Consolidated cash flows

Fiscal year ended Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at the end of the year
Millions of yen Millions of yen Millions of yen Millions of yen
March 31, 2020 30,148 (50,043) (11,910) 89,901
March 31, 2019 57,166 (41,480) (40,246) 124,830

2. Dividends per share

  End of the three-month period End of the six-month period End of the nine-month period End of the year Total
Yen Yen Yen Yen Yen
Fiscal year ended
March 31, 2019
- 15.00 - 15.00 30.00
Fiscal year ended
March 31, 2020
- 15.00 - 10.00 25.00
Fiscal year ending
March 31, 2021 (forecast)
- - - - -
  Dividends paid
(annual)
Dividends payout ratio
(consolidated)
Dividends on equity attributable to owners of the Company ratio
(consolidated)
Millions of yen % %
Fiscal year ended
March 31, 2019
14,876 35.6 2.7
Fiscal year ending
March 31, 2020
12,400 - 2.3
Fiscal year ended
March 31, 2021 (forecast)
  -  

(Note)Dividend forecast for the fiscal year ending March 31, 2021 remains undetermined, given that it is difficult to project business results at this time.

3. Consolidated forecasts for the fiscal year ending March 31, 2021 (From April 1, 2020 to March 31, 2021)

Consolidated forecasts for the fiscal year ending March 31, 2021 remain undetermined, given that it is difficult to reasonably assess the impact of the spread of COVID-19 at this time. The Company will announce a forecast as soon as it becomes possible to project business results.

■ Notes

  1. Changes in significant subsidiaries during the fiscal year ended March 31, 2020 (changes in the scope of consolidation): None
  2. Changes in accounting policies or changes in accounting estimates
    • a. Changes in accounting policies required by International
      Financial Reporting Standards (IFRS): Yes
    • b. Changes in accounting policies other than the above a.: None
    • c. Changes in accounting estimates: None
  3. Number of issued and outstanding shares (common stock)
    • a. Number of issued and outstanding shares (including treasury shares)
      As of March 31, 2020: 502,664,337 shares
      As of March 31, 2019: 502,664,337 shares
    • b. Number of treasury shares
      As of March 31, 2020: 7,764,241 shares
      As of March 31, 2019: 8,008,984 shares
    • c. Average number of issued and outstanding shares during the year
      The fiscal year ended March 31, 2020: 494,794,257 shares
      The fiscal year ended March 31, 2019: 494,572,664 shares

(Note)The Company has established the Board Incentive Plan in which beneficiaries include Directors, Executive Officers, Group Executives, and Technology Fellows. The shares owned by the trust account relating to this trust of 1,184,094 shares as of March 31, 2020, and 1,250,538 shares as of March 31, 2019, are accounted for as treasury shares.

(Reference) Overview of non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended March 31, 2020 (from April 1, 2019 to March 31, 2020)

(1) Non-consolidated results of operations

(Percentage figures represent changes from the previous fiscal year.)
Fiscal year ended Revenue Operating profit Ordinary income
Millions of yen % Millions of yen % Millions of yen %
March 31, 2020 430,914 -4.8 (1,614) - 12,545 57.3
March 31, 2019 452,680 3.8 5,745 - 7,976 4.2
Fiscal year ended Net income Net income per share Net income per share
(fully-diluted)
Millions of yen % Yen Yen
March 31, 2020 12,100 57.2 24.45 24.38
March 31, 2019 7,695 -39.7 15.56 15.50

(2) Non-consolidated financial position

As of Total assets Total equity Equity ratio Net assets per share
Millions of yen Millions of yen % Yen
March 31, 2020 751,295 329,468 43.8 664.25
March 31, 2019 766,679 335,001 43.6 675.55

(Reference)Equity:
Fiscal year ended March 31, 2020: 328,739 million yen
Fiscal year ended March 31, 2019: 334,165 million yen

■ This summary of consolidated financial results falls outside the scope of audit procedures to be performed by certified public accountants or an audit firm.

■ Explanation concerning the appropriate use of the forecasts for results of operations and other special matters

(Note on the forecasts for the consolidated financial results)

The forecasts for results of operations in this report are based on information currently available to the Company and its subsidiaries (the “Group”), and assumptions determined to be reasonable, and are not intended to assure achievement of the Group’s operations. Consolidated forecasts for the fiscal year ending March 31, 2021, remain undetermined, given that it is difficult to reasonably assess the impact of the spread of COVID-19 at this time. The Company will announce a forecast as soon as it becomes possible to project business results. For further discussion on forecasts, refer to “1. OVERVIEW OF FINANCIAL RESULTS, (1) Overview of Consolidated Operating Results, c. Outlook for the Fiscal Year Ending March 31, 2021” in the attached Supplementary Information on page 8.

(Supplementary information for the financial results and briefing on the financial results)

The Company will hold a briefing on the financial results for institutional investors on Tuesday, May 26, 2020. The proceedings and details of the briefing, along with the supplementary information on the financial results to be presented at the briefing, will be posted on the website of the Group soon after the briefing.

(Scheduled date for the submission of securities report)

The scheduled date for the submission of securities report is yet to be determined. The Company is currently considering the timing of submission, pursuant to Paragraph 4 of the Article of “The Partial Revision of “Cabinet Office Order on Disclosure of Corporate Affairs” (Cabinet Office Ordinance No.37, April 17, 2020).