Now I will talk a little about the forecasts for fiscal 2017.
Revenue is forecast to be ¥980 billion, with operating profit of ¥46 billion and profit attributable for owners of the company of ¥30 billion. The dividend is forecast to be ¥30. The exchange rate assumptions are ¥105 to the US dollar and ¥115 to the euro, implying a stronger yen than is currently the case. These exchange-rate assumptions have been set to reflect the current level of uncertainty in such areas as the US administration's policies with regard to the balance of trade. Konica Minolta's sensitivity to the exchange rate is ¥0.9 billion for every 1-yen move against the euro and ¥1.2 billion for every 1-yen move against European currencies, including the pound, and these are the assumptions we have used for fiscal 2017.
Now I will touch on important matters to consider for fiscal 2017 other than the exchange rate. One is that, in order to move forward continuously with the changeover to global human resources (some of which we carried out ahead of schedule in fiscal 2016), we will implement some structural reforms. At this point, we are expecting more than ¥4 billion in structural reform expenses in fiscal 2017.
In addition, expenses related to investments, including M&A, required to pioneer the "new" businesses will occur in fiscal 2017 ahead of the M&A itself. Looking ahead to fiscal 2019, because we will carry on with M&A in focus areas during fiscal 2017, the operating profit forecast of ¥46 billion already reflects those upfront expenses. We are well aware that our forecast does not show an increase in operating profit here, but we have positioned fiscal 2017 as the year in which we establish the earnings structure in preparation for fiscal 2019-2021.
Revenue is forecast to be ¥980 billion, with operating profit of ¥46 billion and profit attributable for owners of the company of ¥30 billion. The dividend is forecast to be ¥30. The exchange rate assumptions are ¥105 to the US dollar and ¥115 to the euro, implying a stronger yen than is currently the case. These exchange-rate assumptions have been set to reflect the current level of uncertainty in such areas as the US administration's policies with regard to the balance of trade. Konica Minolta's sensitivity to the exchange rate is ¥0.9 billion for every 1-yen move against the euro and ¥1.2 billion for every 1-yen move against European currencies, including the pound, and these are the assumptions we have used for fiscal 2017.
Now I will touch on important matters to consider for fiscal 2017 other than the exchange rate. One is that, in order to move forward continuously with the changeover to global human resources (some of which we carried out ahead of schedule in fiscal 2016), we will implement some structural reforms. At this point, we are expecting more than ¥4 billion in structural reform expenses in fiscal 2017.
In addition, expenses related to investments, including M&A, required to pioneer the "new" businesses will occur in fiscal 2017 ahead of the M&A itself. Looking ahead to fiscal 2019, because we will carry on with M&A in focus areas during fiscal 2017, the operating profit forecast of ¥46 billion already reflects those upfront expenses. We are well aware that our forecast does not show an increase in operating profit here, but we have positioned fiscal 2017 as the year in which we establish the earnings structure in preparation for fiscal 2019-2021.