KONICA MINOLTA Konica Minolta, Inc. 1st Quarter/FY2016 ending in March 2017 Consolidated Financial Results  


FY2016/1Q Overview

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The Konica Minolta Group's financial results for the 1st quarter were announced at 15:00 on July 28. An overview of those results is presented on the first page.
For the 1st quarter of FY2016 (fiscal year ending March 31, 2017), revenue declined 8% YoY to ¥229.1 billion. The yen rose relative to both the dollar and the euro, and the resulting foreign exchange impact amounted to ¥23.8 billion. When this impact is excluded, revenue shows a 2% increase.
Results by business will be explained in detail in the following pages. Here we will note that in the Healthcare Business, the acquisition of Viztek was one factor contributing to increased revenue, and the Business Technologies Business showed a real increase in revenue. Industrial Business showed decreased revenue due to lower sales.
Operating profit was down by ¥1.1 billion, an 11% decrease, to ¥8.9 billion. Here again the foreign exchange impact was felt, with a reduction of ¥3.2 billion. When this impact is excluded, profit shows a 20% increase.
The good news in the Business Technologies Business is that the effect of new office color MFP products and an improved product mix, among other factors, improved the gross profit ratio. Meanwhile, results in the Industrial Business were impacted by changes in the business climate that were harsher than expected.
Our business performance forecasts were adjusted, but the rise in the yen and developments in the Industrial Business were two factors that had significant impact.
Otherwise results are strong.