3Q / March 2020 Consolidated Financial Results Highlight

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

1. Consolidated financial results for the nine months ended December 31, 2019 (From April 1, 2019 to December 31, 2019)

(1) Consolidated results of operations

(Percentage figures represent changes from the same period of the previous fiscal year.)
Nine months ended Revenue Operating profit Profit before tax
Millions of yen % Millions of yen % Millions of yen %
December 31, 2019 747,036 -3.9 10,579 -79.1 5,559 -88.4
December 31, 2018 777,578 3.6 50,509 73.6 47,957 76.7
Nine months ended Profit for the period Profit attributable to
owners of the Company
Total comprehensive
income
Millions of yen % Millions of yen % Millions of yen %
December 31, 2019 2,110 -93.7 2,173 -93.6 (8,071) -
December 31, 2018 33,671 82.1 33,743 81.2 37,159 -8.8
Nine months ended Basic earnings per share Diluted earnings per share
Yen Yen
December 31, 2019 4.39 4.38
December 31, 2018 68.23 68.00

(Note)Basic earnings per share and diluted earnings per share are calculated based on the profit attributable to owners of 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
Millions of yen Millions of yen Millions of yen %
December 31, 2019 1,304,330 542,987 533,406 40.9
March 31, 2019 1,218,986 565,983 555,689 45.6

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 ending
March 31, 2020
- 15.00 -    
Fiscal Year ending
March 31, 2020 (forecast)
      15.00 30.00

(Note)Changes from the latest dividend forecasts: None

3. Consolidated forecasts for the fiscal year ending March 31, 2020 (From April 1, 2019 to March 31, 2020)

(Percentage figures represent changes from the previous fiscal year.)
Fiscal year ending Revenue Operating profit Profit attributable to
owners of the Company
Basic earnings
per share
Millions of yen % Millions of yen % Millions of yen % Yen
March 31,
2020
1,045,000 -1.3 20,000 -68.0 7,500 -82.0 15.16

(Note)Changes from the latest consolidated forecasts: None

■ Notes

  1. Changes in significant subsidiaries for the nine months ended December 31, 2019 (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 December 31, 2019: 502,664,337 shares
      As of March 31, 2019: 502,664,337 shares
    • b. Number of treasury shares
      As of December 31, 2019: 7,840,897 shares
      As of March 31, 2019: 8,008,984 shares
    • c. Average number of issued and outstanding shares during the period
      The nine months ended December 31, 2019: 494,764,963 shares
      The nine months ended December 31, 2018: 494,551,619 shares

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

■ This summary of quarterly consolidated financial results falls outside the scope of quarterly review 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. Actual results may differ significantly from the forecasts due to various factors. For further details of the assumptions and other factors considered by the Company in preparing the forecasts above, refer to “1. QUALITATIVE INFORMATION ON FINANCIAL RESULTS FOR THE NINE MONTHS ENDED DECEMBER 31, 2019, (3) Explanation Regarding the Forecasts for the Consolidated Financial Results” in the attached Supplementary Information on page 9.

Supplementary information for the quarterly financial results and briefing on the quarterly financial results

The Company will hold a briefing on the quarterly financial results for institutional investors on Monday, February 3, 2020. The proceedings and details of the briefing, along with the supplementary information on the quarterly financial results to be presented at the briefing, will be posted on the website of the Group soon after the briefing.