KONICA MINOLTA 3rdQuarter/FY2017 ending in March 2018 Consolidated Financial Results  


Office Business

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Here we will move into more specific discussion of each business.
First is the Office Business. Cumulative revenue over the nine months of the 2017 fiscal year amounted to ¥427.7 billion, with an operating profit of ¥29.9 billion. Revenue was up 5% year on year while operating profit was down 4%, resulting in an increase in revenue and decrease in profit. In the three months of 3Q alone we did see increasing revenue and increasing profit year on year. Although performance was solid in China and other emerging countries, actual results fell somewhat short of internal plans because some large-scale orders had been established in the previous year in Europe, where there was also some influence from order backlogs. Meanwhile, we are continuing to see steady expansion in OPS and GMA, where we have been concentrating efforts. In GMA we have concluded a number of major contracts, in particular with a major steel manufacturer in Europe and with a next-generation global energy company, among others. These will be making full-scale contributions to revenue from 4Q on. IT service solutions are also continuing to expand. There were solid sales of IT infrastructure management services for medical institutions and electronic document solutions for governmental systems in the US, and of IT infrastructure management services for small and medium-sized enterprises in Europe and Asia.