KONICA MINOLTA Financial Results 2018

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

1. Overview of performance (From April 1, 2017 to March 31, 2018)

(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 2018 1,031,256 7.1% 53,844 7.4% 49,124 -0.4%
Fiscal Year ended Mar 2017 962,555 -6.7% 50,135 -16.5% 49,341 -15.0%
[Millions of yen]
  Profit for the year Profit attributable to owners of the company Total comprehensive income
Fiscal Year ended Mar 2018 32,207 2.3% 32,248 2.2% 34,642 36.8%
Fiscal Year ended Mar 2017 31,485 -1.6% 31,542 -1.3% 25,317 -
  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 2018 65.17 yen 64.96 yen 6.1% 4.4% 5.2%
Fiscal Year ended Mar 2017 63.65 yen 63.47 yen 6.1% 5.0% 5.2%

(Reference) Share of profit (loss) of investments accounted for using the equity method:
Fiscal year ended March 31, 2018: ¥(647) million
Fiscal year ended March 31, 2017: ¥(66) 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, 2018 1,203,907 535,588 524,513 43.6% 1,060.72 yen
As of March 31, 2017 1,005,435 534,149 524,331 52.1% 1,057.92 yen

(3) Cash flows

[Millions of yen]
  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
Fiscal Year ended Mar 2018 65,367 (133,737) 126,638 149,913
Fiscal Year ended Mar 2017 68,659 (70,594) (2,347) 92,628

2. Dividends per share

[yen]
  1Q 2Q 3Q Year-end Total
Fiscal Year ended Mar 2017 - 15.00 - 15.00 30.00
Fiscal Year ended Mar 2018 - 15.00 - 15.00 30.00
Fiscal Year ending Mar 2019 (forecast) - 15.00 - 15.00 30.00
  Total dividends (annual)
(Millions of yen)
Dividend payout ratio (consolidated)
(%)
Dividends on equity attributable to owners of the company ratio (consolidated)
(%)
Fiscal Year ended Mar 2017 14,867 47.1 2.9
Fiscal Year ended Mar 2018 14,872 46.0 2.8
Fiscal Year ending Mar 2019 (forecast)   40.1  

3. Consolidated results forecast for fiscal year ending March 31, 2019 (From April 1, 2018 to March 31, 2019)

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 1,080,000 4.7% 60,000 11.4% 37,000 14.7% 74.82 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): None
  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, 2018: 502,664,337 shares
      As of March 31, 2017: 502,664,337 shares
    2. Treasury shares at period-end
      As of March 31, 2018: 8,175,975 shares
      As of March 31, 2017: 7,041,082 shares
    3. Average number of outstanding shares during the period
      Fiscal Year ended March 31, 2018: 494,865,264 shares
      Fiscal Year ended March 31, 2017: 495,554,436 shares

Starting from the second quarter of this consolidated fiscal year, the Company has established “Directors’ Compensation Board Incentive Plan (BIP) Trust.” The 1,274,000 shares of the Company’s stock owned by the trust account relating to this trust are recognized as treasury shares.

(Reference) Overview of non-consolidated performance

1. Non-consolidated performance (From April 1, 2017 to March 31, 2018)

(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 2018 436,157 -0.2% 82 -97.5% 7,655 -51.6% 12,756 8.8%
Fiscal Year ended Mar 2017 436,840 -10.1% 3,332 -82.9% 15,815 -36.1% 11,724 19.3%
  Net income per share Net income per share
(after full dilution)
Fiscal Year ended Mar 2018 25.78 yen 25.70 yen
Fiscal Year ended Mar 2017 23.66 yen 23.59 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, 2018 792,860 343,086 43.2% 691.93 yen
As of March 31, 2017 679,030 349,234 51.3% 702.62 yen

Note: Equity:
Fiscal year ended March 31, 2018: ¥342,151 million
Fiscal year ended March 31, 2017: ¥348,235 million

The audit procedures by certified public accountant or by auditing firm are not applicable to this Consolidated Financial Results report.

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, 2019” 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 Monday, May 14, 2018. The proceedings and details of the briefing, along with the presentation slides to be used at the briefing, will promptly be posted on the website of the Group after the briefing.