In an update regarding the financial year ended 31 March, the Japanese manufacturer said that revenue had been revised downward by ¥9bn (£47.2m) to ¥1,125bn, while business contribution profit was revised upward by ¥1bn yen to ¥43bn, “due to the favourable performance of Business Technologies Business”.
The expected operating loss increased by ¥39bn to ¥53bn due to a number of one-off charges.
This includes a loss of ¥9.8bn on the sale of Konica Minolta Marketing Services (which trades as Indicia Worldwide) to ADM Group, as announced earlier this month, with the figure coming in ¥1.7bn lower than the initial estimate.
The sale of German IoT video systems firm Mobotix to Certina Software Investments will involve an operating loss of ¥10.4bn.
KM will also record an impairment charge of around ¥14bn against the value of its investment in French digital press and embellishment firm MGI Digital Technology.
Konica Minolta has refocused on specific business areas as part of its Medium Term Business Plan 2023-2025 programme to improve profits and deliver sustainable growth beyond this year.
In a briefing earlier this week, president and CEO Toshimitsu Taiko outlined the group’s ambitions for the financial year ending March 2026, with sales forecasted at just over ¥1bn and a big improvement in operating profits at ¥48bn.
At its Professional Print division KM aims to expand its share of high volume customers as well as “turn profitable and accelerate growth” at its Industrial Print business, which includes digital label presses, with a “new UV inkjet product” highlighted.
Earlier this month Konica Minolta announced that it would roll out the AccurioJet 30000, a B2 HS-UV sheetfed inkjet press that is a sister product to the 60000 model announced at Drupa last year, in stages around the world in the first half of this fiscal year.
It has sold more than 350 units of its KM-1 series B2 inkjet.
Among its ‘seeds for growth’ plans, Konica Minolta is also developing a low-cost manufacturing method for the production of high-quality and high-performance recycled plastic material.
