Konica Minolta, Inc. 1st Quarter/March 2015 Consolidated Financial Results
Main points of 1Q/Mar 2015 financial results
Acquisition of Own Shares and Cancellation of Treasury Shares
1Q/Mar 2015 financial results highlight
Business Technologies Business
Sales results of Non-hard
Ergo acquisition & Production print new product
Strategic progress for realizing "Transform" - MPM concept & PP new products -
Full-year forecast of FY 2014
Net sales increased by 4% compared with the same period of the previous fiscal year and operating income increased by 49%.
Net sales were up in particular in the Business Technologies Business and operating income was up in this business as well, while solid sales of TAC films, measuring instruments and pickup lenses for Blu-ray Discs also made a contribution. In addition, the effects of withdrawal from the glass substrates for HDDs business contributed to the results.
Net sales and operating income increased even after excluding the effect of the weak yen on exchange rates.
Net income for the first quarter amounted to ¥5.6 billion. This result was down compared to the previous first quarter due to a special factor, namely ¥9.2 billion in tax effects following a review of tax assets in the first quarter of the previous year. We expect net income to return to normal from the second quarter onward.