First I will explain the background to the 7.8 billion yen received in consideration for the signing of a patent licensing agreement and posted to operating profit in the third quarter.
In the field of optics, since 2014 we have followed an approach of downsizing the business of lens units for mobile devices. However, while the business is being downsized, we have been considering how to monetize the related patent portfolio, or use it to generate cash flow. On this occasion, we were able to do this by signing a patent licensing agreement.
This is part of a series of executive actions focused on achieving our operating profit forecast for the full fiscal year through a variety of management measures. Because the patents themselves remain within Konica Minolta, they will continue to be used, and we intend to leverage these patents in areas such as lenses for automotive applications, or in the field of optical systems for industrial use, which is currently one of our focus areas.
In the field of optics, since 2014 we have followed an approach of downsizing the business of lens units for mobile devices. However, while the business is being downsized, we have been considering how to monetize the related patent portfolio, or use it to generate cash flow. On this occasion, we were able to do this by signing a patent licensing agreement.
This is part of a series of executive actions focused on achieving our operating profit forecast for the full fiscal year through a variety of management measures. Because the patents themselves remain within Konica Minolta, they will continue to be used, and we intend to leverage these patents in areas such as lenses for automotive applications, or in the field of optical systems for industrial use, which is currently one of our focus areas.