KONICA MINOLTA Konica Minolta Inc. 1st Quarter/March 2015 Consolidated Financial Results  

Full-year forecast of FY 2014

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Full-year forecasts for fiscal 2014 remain unchanged from initial forecasts.

The financial forecasts shown on this page are stated in accordance with Japanese accounting standards. However, we will switch to International Financial Reporting Standards (IFRS) from the filing of the Securities Report for this fiscal year.
Looking at the current financial forecasts stated using Japanese standards on an IFRS basis, we project net sales of ¥1 trillion. Although there is no impact on operating income, the net income forecast of ¥26.0 billion translates to ¥38.0 billion on an IFRS basis. This increase of ¥12.0 billion can be attributed to non-depreciable goodwill of ¥10.0 billion, an increase of ¥3.0 billion due to a change to depreciation method and a reduction of ¥1.0 billion in tax cost growth. Looking at this ¥38.0 billion in terms of ROE, it is equivalent to ROE of 7.8%. ROE amounts to 5.6% based on Japanese accounting standards.