Konica Minolta Suffers Decline in FY 2020

Konica Minolta Suffers Decline in FY 2020

For the fiscal year 2020 ended March 31, 2021, Konica Minolta reported a 13.3% year-over-year decline in revenue, which turned out to be JPY￥863.38 billion (US$7.89 billion). Gross profit declined 19.7% year-over-year to JPY￥374.6 billion (US$3.42 billion).

During fiscal year 2020, Konica Minolta operating profit, profit before tax and Profit attributable to owners of the company all registered loss. Operating loss was JPY￥16.2 billion (US$148.12 million), partly due to a recording of JPY￥8.0 billion (US$73.14 million) as for expenses related to the structural reform in the current fiscal year, whereas operating profit of JPY￥8.2 billion (US$74.97 million) was marked in the previous year.

Loss before tax of JPY￥20.0 billion (US$182.86 million) was marked in the current fiscal year, whereas profit before tax of JPY￥0.2 billion (US$1.83 million) was recorded in the previous year. Loss attributable to owners of the Company was JPY￥15.2 billion (US$138.97 million), whereas loss attributable to owners of the Company was JPY￥3.0 billion (US$27.43 million) in the year before.

According to the OEM, its revenue saw continuous signs of improvement after bottoming out in May 2020. Meanwhile, the decrease ratio of quarterly revenue year-on-year gradually improved over the fiscal year, and in the four quarter (Q4) ended March 31, the revenue came back to about the same level in the previous year.

On a quarterly basis, revenue increased year-on-year in the industrial print unit, the healthcare unit, and the IJ (Inkjet) components unit in Q4.

Looking by segments, in production print unit, sales volume in China increased significantly over the year and surpassed the year-before level, and also sales volume in the United States and Europe increased significantly in the fourth quarter; however, the overall revenue declined due to a weak recovery in consumables and services.

Related:

• Konica Minolta Revenue Falls 28.4%

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