KONICA MINOLTA Konica Minolta Group 1st Quarter/March 2013 Consolidated Financial Results  

Increased inventories in Business Technologies

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The following several slides provide a detailed supplemental explanation of several topics to allow for a better understanding of the earnings release for this quarter.
The first point concerns inventories in Business Technologies Business.
We explained at the beginning of this presentation that sales were in line with sales plans for the first quarter of the fiscal year ending in March 2013 and that there has been no significant change in the sales momentum. In response to these strong sales, we deliberately increased inventories of new office color MFPs at the end of the first quarter in preparation for the full-scale launch of these products during the second quarter. In order to get a strong start on the launch of these new products from the second quarter, first-quarter earnings were temporarily affected.