KONICA MINOLTA 3rd Quarter/FY2019 ending in March 2020 Consolidated Financial Results  


3Q Progress (1)

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We will explain status of progress in 3Q based on the content explained as the outlook for the second half of the fiscal year at the time of the financial results disclosure for the first half.
The external environment was in line with expectations in the U.S. and Europe but was increasingly uncertain in China. Additional tariffs were impacted by ¥1.1 billion in 3Q.
In Office Business, sales of new Seg2/3 color models accelerated mainly in Europe. Seg2/3 sales units of color models in 3Q grew by 3%. Cost reductions have also progressed, and some of the effects of variable cost reductions have emerged.
Seg.4 new high-speed color models were launched last month and are expected to contribute to 4Q sales. The installation of large-scale projects also progressed, and the extent of the decline in sales in non-hard also shrank.
In Professional Print Business, gross profit margin rose thanks to C6100 of MPP (Mid Production Print) products, including IQ-501, which includes automatic inspection functions. Sales in North America returned to a growth trajectory. We have also made progress in reducing fixed cost and variable cost, and some effects have emerged.
In growth countries, sales volume grew 15% in ASEAN region. In India, a recovery is expected to be as the impact of the decline in financial liquidity still remains.
Our first HPP (Heavy Production Print) machines, AccurioPress C14000 and C12000, will be installed in customers who have already ordered. MGI JETvarnish 3D One, a new digital decoration printing equipment, will also be launched in Feb.
In summary, we are making progress as explained at the end of the first half of the fiscal year.