Konica Minolta Group 1st Quarter/March 2013 Consolidated Financial Results
Main points of 1Q financial results
1Q/March 2013 financial results
1Q/March 2013 operating income analysis - Group
Forecasts: March 2013
Initiatives to achieve full-year forecasts
Both net sales and operating income were up year on year during the first quarter of the fiscal year ending in March 2013 despite the yen being stronger than expected, typified by the yen-to-euro rate rising below the assumed rate of 105 yen to the euro. The growth and improvement of the earnings of the Industrial Business segment that was newly formed in April significantly contributed.
Considering the strong yen during the first quarter of the fiscal year ending in March 2013, we believe that the Konica Minolta Group has made a strong start, effectively exceeding its targets.
Firstly, in Business Technologies Business, net sales and operating income fell year on year on a yen basis, due to the stronger yen, typified by the yen up almost 15 yen against the euro year on year. However, sales were roughly in line with the target in each market.
In the Industrial Business segment, the Optics Business, Sensing Business, as well as the new functional film businesses that were part of Konica Minolta Holdings were restructured as part of the new Konica Minolta Advanced Layers, Inc. and Konica Minolta Optics, Inc. in April 2012. These businesses have been disclosed as part of the Industrial Business from the first quarter of the fiscal year ending in March 2013.
Earnings grew and improved significantly in the optical products segment including TAC films and glass substrates for HDDs, and as a result net sales and operating income rose sharply year on year. We believe this strong performance reflects some of the benefits generated from the restructuring in April.
Finally, net sales and operating income are recognized as improving on a year-on-year basis in the Healthcare Business.