Konica Minolta achieved year-on-year increases in both net sales and operating income during the first quarter of the fiscal year ending March 31, 2014 as earning capacity in the Business Technologies Business got back on a recovery track. On a sales front, results for A3 color MFPs were solid and steady progress was made in plans to reduce manufacturing costs, which became an issue in 2012. The effect of the weak yen in foreign exchange rates provided benefit to profits, ensuring a strong start for the Group, which effectively exceeded its targets for the first quarter.
As you can see in the results, net sales and each level of profit increased.
Net sales increased due to sales growth in main products, contribution from M&As and the effect of foreign exchange rates. Operating income increased as the decline in the Industrial Business was covered by the Business Technologies Business and the Healthcare Business.
Net income increased significantly from the ¥0.2 billion posted in the same period of the previous fiscal year after factoring in tax effects following a review of deferred tax assets in line with the reorganization of the management system conducted in April.
As you can see in the results, net sales and each level of profit increased.
Net sales increased due to sales growth in main products, contribution from M&As and the effect of foreign exchange rates. Operating income increased as the decline in the Industrial Business was covered by the Business Technologies Business and the Healthcare Business.
Net income increased significantly from the ¥0.2 billion posted in the same period of the previous fiscal year after factoring in tax effects following a review of deferred tax assets in line with the reorganization of the management system conducted in April.