KONICA MINOLTA Konica Minolta Group 2nd Quarter/March 2014 Consolidated Financial Results  


Main points of 1H/Mar2014 financial results

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Sales and profit increased in the first half of the consolidated fiscal year under review (April 1, 2013 to September 30, 2013), with net sales up 17% and operating income up 19% year on year. I will explain conditions in each business in detail later, but the Business Technologies Business was the key driver of these solid results. In contrast, net income decreased 27% year on year to ¥5.6 billion. These results include the recording of ¥16.8 billion as loss on withdrawal of the glass substrates for HDDs business in the second quarter and tax effects due to the recording of ¥9.2 billion in deferred tax assets in the first quarter.