Konica Minolta, Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2016; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2016
January 28, 2016 at 10:00 am EST
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Konica Minolta, Inc. reported consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the nine months, the company reported net sales of JPY 762,326 million compared to JPY 728,039 million, operating profit of JPY 41,588 million compared to JPY 47,077 million, profit before tax of JPY 40,524 million compared to JPY 48,698 million and profit attributable to owners of the company of JPY 26,492 million or JPY 53.16 per diluted share compared to JPY 29,861 million or JPY 58.80 per diluted share for the last year. Capital expenditures were JPY 35.1 billion compared to JPY 33 billion a year ago. Negative free cash flow was JPY 46.3 billion compared to free cash flow of JPY 27.2 billion a year ago. Net cash flows from operating activities was JPY 31.1 billion compared to JPY 71.6 billion for the last year, as a result of cash inflow due to profit before tax of JPY 40.5 billion, depreciation and amortization expenses of JPY 37.4 billion, and a decrease in trade and other receivables of JPY 8.2 billion; and cash outflow due to an increase in inventories of JPY 22.4 billion, income taxes paid of JPY 13.5 billion, and a decrease in trade and other payables of JPY 3.2 billion. Purchase of property, plant and equipment was JPY 26,469 million compared to JPY 29,084 million a year ago. Purchase of intangible assets was JPY 9,235 million compared to JPY 6,126 million a year ago.
For the quarter, the company reported revenue of JPY 255 billion compared to JPY 253.5 billion, operating profit of JPY 122.7 billion compared to JPY 124.6 billion, profit before tax of JPY 13.3 billion compared to JPY 16.2 billion and profit attributable to owners of the company of JPY 9.1 billion or JPY 18.44 per diluted share compared to JPY 10.4 billion or JPY 20.75 per diluted share for the last year. Capital expenditures were JPY 13 billion compared to JPY 7.4 billion a year ago. Negative free cash flow was JPY 5.9 billion compared to free cash flow of JPY 11.3 billion a year ago.
The company provided earnings guidance for the fiscal year ending March 31, 2016. For the year, the company expected net sales of JPY 1,080,000 million, operating profit of JPY 73,000 million, and profit attributable to owners of the company of JPY 47,000 million or JPY 94.66 per basic share.
The company provided dividend guidance for the fiscal year ending March 31, 2016. For the year, the company expects year-end dividend of JPY 15 per share compared to paid dividend of JPY 10 per share a year ago.
Konica Minolta, Inc. specializes in the design, manufacturing and marketing of printing, photography, medical imaging and measuring equipments. Net sales break down by family of products as follows:
- office equipments (51.1%);
- professional printing equipment (21.4%): laser printer, consumables, multifunctional peripherals, etc.;
- electronic and optical equipments (15.3%): plastic and molded glass lenses, display components, screen, memory units, etc.;
- medical equipments (12.1%): primarily imagery and graphic equipments and measuring equipments;
- other (0.2%).
Net sales break down geographically as follows: Japan (19.5%), China (10.5%), Asia (9.4%), Europe (28.6%), the United States (25.3%) and other (6.7%).
Konica Minolta, Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2016; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2016
KONICA MINOLTA, INC. 
