Fourth quarter revenue was ¥58.6 billion, and with the forex impact excluded, this was a 3% increase year on year. Operating profit was ¥3.0 billion, which with the forex impact excluded, was a 33% decrease.
In the production print area, the AccurioPress C2070 series of new products in the light production printing field went on sale in the third quarter and had a favorable launch. At the same time, however, the bizhub Press C1100, our flagship color model, which had been producing strong results to date, showed slowing sales in part because that product was at its end of life and the time for switching over to a new product was approaching.
Industrial printing recorded major expansion. Contributing factors were the effects of including the French firm MGI as Konica Minolta’s consolidated subsidiary for the first time in fiscal year 2016, the sale of that firm's digital decoration printing equipment through our sales network, and the sales achieved by AccurioJet KM-1 high-speed inkjet press.
As this indicates, increases in sales revenue were primarily due to the industrial printing field. Factors in reduced operating profit include the impact from diminished sales of high-end color equipment in Europe and increased R&D expenses due to increased efforts in new product development.
In this fiscal year 2017, we are taking steps to strengthen product competitiveness by investment in new products. We are also planning measures to expand sales and profit. These include providing commercial printing customers with proposals for work flow solutions to expand sales and PV, cutting production costs, and so on.
In the production print area, the AccurioPress C2070 series of new products in the light production printing field went on sale in the third quarter and had a favorable launch. At the same time, however, the bizhub Press C1100, our flagship color model, which had been producing strong results to date, showed slowing sales in part because that product was at its end of life and the time for switching over to a new product was approaching.
Industrial printing recorded major expansion. Contributing factors were the effects of including the French firm MGI as Konica Minolta’s consolidated subsidiary for the first time in fiscal year 2016, the sale of that firm's digital decoration printing equipment through our sales network, and the sales achieved by AccurioJet KM-1 high-speed inkjet press.
As this indicates, increases in sales revenue were primarily due to the industrial printing field. Factors in reduced operating profit include the impact from diminished sales of high-end color equipment in Europe and increased R&D expenses due to increased efforts in new product development.
In this fiscal year 2017, we are taking steps to strengthen product competitiveness by investment in new products. We are also planning measures to expand sales and profit. These include providing commercial printing customers with proposals for work flow solutions to expand sales and PV, cutting production costs, and so on.