Konica Minolta releases Second Quarter Consolidated Financial Results

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Business Technologies Business, sales were strong for A3 color MFPs (Multi-functional peripherals) in the office field, exceeding the same period of the previous fiscal year in all regions including Japan, the United States and Europe, which offset a decline in sales volumes of monochrome units. As a result, sales volumes of A3 MFPs overall exceeded the same period of the previous fiscal year.

In addition, Konica Minolta has witnessed steady growth in its sales model that combines IT service and consulting service together with MFPs on the back of tie-ups with IT service providers acquired mainly through M&As over the past few years, predominantly in Europe and the United States. In the production print field, sales of color units were solid and overall sales volumes surpassed the same period of the previous fiscal year.

Full release available @ http://www.konicaminolta.com/about/investors/pdf/fr/konicaminolta/2014_h26/2q_2014fr_all.pdf

Konica Minolta to withdraw from Glass Substrates for HDDs Business

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Konica Minolta, Inc. (“The Company”) today announced that at the meeting held today its Board of Directors adopted the resolution to withdraw from the glass substrates for HDDs business which constitutes part of the Company’s Industrial Business.

1.Background and reasons for the withdrawal

In the business of glass substrates for HDDs, the Company has been utilizing its proprietary technologies developed in the long history of optical products, including glass melting, production and polishing, in manufacturing and selling 2.5-inch glass substrates for magnetic hard disc drives which are primarily installed in notebook PCs.

In recent years, the technical trends for glass substrates for HDDs have continuously demanded for increased storage capacity per substrate. It has become more difficult for Konica Minolta to respond to those market requirements while maintaining its advantages in the field. As a result, the Company’s shipment has recently slowed down and profitability in this business has declined. In addition, with the growth in tablets and other mobile devices, the notebook PC market has been dropping. As introduction of new technologies such as SSD (recording device with flash memory as recording medium) has also eroded the demand, it has become even more difficult for the Company to foresee a sustainable growth in the future demand.

Under the circumstances, confirming the difficulties in improving the performance of the said business in speedily, the Company has decided to withdraw from the glass substrates for HDDs business, targeting in December 2013.

In its Industrial Business, the Company will vigorously review portfolio of the entire business and pursuing selection and concentration. Those efforts will include initiatives in reducing dependency on digital consumer electronics or PC-related sectors that are prone to changes by demand and price fluctuations or technological advancement, and in expanding business fields into industrial and professional uses with greater potential for stable profit growth.

2.Overview of business for withdrawal

Organization: HD Business Unit, Industrial Business
Description of business: Manufacturing and sale of glass substrates for HDDs

3.Schedule

End of production: November 2013
End of sale: December 2013

4.Impact on corporate performance

In the financial results during the second quarter of the Fiscal Year ending March 31, 2014, the Company recorded 16.8 billion yen of loss on business withdrawal, caused by the decision to withdraw from the said business, as extraordinary loss. The impact on the financial results for the entire Fiscal Year ending March 31, 2014 was announced today in “Notice of Revision of Consolidated Financial Results Forecast for the Year Ending March 31, 2014.

Toshiba Medical Systems Corporation – inappropriate accounting

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Toshiba Medical Systems Corporation (“TMSC) regrets to announce that it has been discovered that our subsidiary, Toshiba Medical Information Systems Corporation (“TSMED”), had been carrying out inappropriate Accounting Treatments (the “Accounting Treatments”) in its past financial statements. We sincerely apologize to everyone for this situation and the concern and inconvenience it has caused.

Full Statement HERE

Canon cuts profit forecast

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Japan’s Canon Corp cut its operating profit outlook for the second quarter in a row, below analysts’ estimates, warning that sales of its signature high-end cameras will fall this year for the first time since their launch in 2003.

The world’s largest camera maker said it now sees global economic gloom squeezing sales of its digital interchangeable-lens cameras to 8 million through December from 8.2 million last year. Demand from camera buffs will stay weak in Europe, and fail to recover as quickly in China as Canon had expected.

While the company’s point-and-shoot digital camera sales have been hit in recent years as consumers increasingly use smartphones to take casual shots, the high-margin interchangeable-lens format favoured by professional photographers and enthusiasts has seen growth every year up to 2012, company officials said.

Despite a rebound in operating profit for July-September from a weak quarter a year earlier, Canon lowered its full-year operating profit forecast to 360 billion yen ($3.70 billion). That compares with an average of 378.5 billion yen based on 23 analysts’ estimates according to Thomson Reuters Starmine.

“Until recently, interchangeable-lens sales’ growth was close to double figures even when the economy was bad. But now people are postponing consumption of luxury items such as cameras,” Chief Financial Officer Toshizo Tanaka said during a briefing in Tokyo, adding that consumers had become more sensitive to price.

In July, predicting a pickup in China in the second half of the year, the company forecast operating profit would be 380 billion yen, compared with 324 billion yen for 2012. Tanaka said protracted gloom in Europe was half of the reason for the downward revision.

Canon said it now sees sales of the digital interchangeable-lens format coming in 11 percent below its previous forecast of 9 million cameras, issued in July.

MACRO FOCUS

Makoto Kikuchi, chief executive of Myojo Asset Management in Tokyo, said, “The slump in interchangeable-lens cameras is not due to a structural problem such as market saturation, but solely because of the worsening of the macroeconomic environment.”

“For October-December, emerging economies such as China, India and Brazil may weaken further,” Kikuchi said.

One of the first of Japan’s technology companies to report results for July-September, Canon made 90.6 billion yen in operating profit in the July-September quarter, up 28 percent from last year, when anti-Japanese sentiment in China stirred by a territorial dispute depressed sales of a range of Japanese goods.

Japanese rival Nikon Corp reports earnings on Nov. 7.

Canon’s compact camera sales have long been hit by the boom in demand for smartphones that take photos. But the company left its 2013 sales forecast for compact cameras unchanged at 14 million, against 18.3 million in 2012.

Stock in the company, which also makes products like office printers, chip making equipment and medical devices, has fallen 6.3 percent this year.

That compares with a nearly 40 percent rise in the Nikkei index, driven by growth expectations surrounding Prime Minister Shinzo Abe’s policy drive to reinvigorate the Japanese economy.

($1 = 97.2900 Japanese yen) (Reporting by Sophie Knight; Editing by Kenneth Maxwell)

Change in Ownership of Toshiba Television Central Europe

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Toshiba Corporation today announced that it has concluded adefinitive agreement to transfer ownership of Toshiba Television Central Europe Sp. z o.o. (TTCE), an LCD TV manufacturing company in Poland that supplies products to the European market, to Compal Electronics, Inc. of Taiwan (Compal).

The target for finalization of the transfer is the fourth quarter of FY2013, following completion of necessary anti-trust clearance procedures. After the transfer of ownership to Compal, Toshiba will continue to supply the European market with LCD TVs manufactured at the plant, through an original design manufacturer (ODM) partnership with Compal.
Compal has long been one of Toshiba’s ODM partners in LCD TVs, and through the synergy of Compal’s cost-competitive production expertise and Toshiba’s capabilities in developing differentiated products, Toshiba aims to further increase its competitiveness in Europe.

Toshiba will continue to promote reforms of its business processes and operations, aiming to see profit in its visual products business in the second half of this fiscal year

Konica Minolta Wins Incentive Award in 2013 Award for 3R-Oriented Sustainable Technology

-Proprietary Technology for Recycling Cerium Oxide Polishing Material Innovates Rare Earth Usage at Production Sites

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Konica Minolta is pleased to announce that the company has been recognized by the Japan Environmental Management Association for Industry (JEMAI) with an “Incentive Award” in “2013 Award for 3R (Reduce, Reuse and Recycle)-Oriented Sustainable Technology” in recognition of its initiative in recycling cerium oxide, a rare earth element used as polishing material for glass.

Along with sponsorship by the Ministry of Economy, Trade and Industry, JEMAI annually gives “Award for 3R-Oriented Sustainable Technology” to technologically advanced businesses and initiatives that contribute to reducing, reusing and recycling in society. The honor system of JEMAI encourages sustainable innovations and intends to promote resource-recirculation businesses across industries. “Incentive Awards” are given to businesses or initiatives, with less than three years of implementation, which have exhibited outstanding originality and great growth potential in terms of new business creation.

Cerium oxide used in polishing glass needs to be discarded and replaced with a fresh batch. Konica Minolta has developed an innovative technology to reclaim and reuse the used cerium oxide. In the award, this initiative has been highly recognized for promoting resource recirculation with high productivity and at low cost. Konica Minolta’s innovation brings such benefits as ease of processing within the production site, significantly high recycle rate, retaining the same quality as new material after recycling, and no need for big-budget capital investment or running cost for implementation.

The recycling technology has now been introduced at Konica Minolta’s optical device production sites in Japan and overseas, dramatically reducing the volume of waste generated within the process, with 95% recycling rate for the overall polishing process.

Konica Minolta was honored at the award ceremony in Tokyo on October 18, 2013.

Under the communication message “Giving Shape to Ideas,” Konica Minolta continues working on creation of groundbreaking innovations that contribute to the development of recycle-oriented society.

Ricoh to pay Kodak $76M to settle patent fight

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Japanese electronics giant Ricoh Co. Ltd. has agreed to pay Eastman Kodak Co. nearly $76 million to settle a legal dispute over patent licenses and royalties.

Rochester-based Kodak sued Ricoh in April 2012, claiming that Ricoh was stiffing it on royalty payments due from its use of Kodak patents. Among its claims were that once Ricoh bought camera maker Pentax Imaging Systems in 2011, it owed back royalties since Pentax had never signed any digital imaging licensing agreement with Kodak. In the suit, Kodak sought unspecified dollar damages.

Ricoh, for its part, argued that that it had paid Kodak everything owed by the patent license agreement for its own products, and that there’s no proof Pentax ever infringed on Kodak’s patents.

The case went to trial this week in U.S. District Court for the Southern District of New York, with a jury ruling for Kodak, said company spokesman Christopher Veronda.

But in a stipulation signed by the companies this week before the start of the trial, Ricoh and Kodak both agreed that regardless of the trial’s outcome, Ricoh would pay Kodak $75.8 million — roughly $69 million to settle various claims, as well as $6.9 million in interest.

Kodak sold its portfolio of roughly 1,100 digital imaging patents in 2012 as part of its Chapter 11 bankruptcy. However, the Ricoh settlement money will go to to it and not the new owners of the patents since Kodak owned them during the nine years between Ricoh first signing a licensing agreement and its Pentax takeover, Veronda said.

 

 

MDANEMAN@Democratand

Chronicle.com

Twitter.com/mdaneman

Konica Minolta’s Rick Taylor Receives Executive of the Year Award

 

 

Company President, COO Acknowledged as Executive of the Year by THE CANNATA REPORT in 28th Annual Dealer Survey

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Rick Taylor, President and Chief Operating Officer for Konica Minolta, has been named “Executive of the Year” for the third consecutive year by THE CANNATA REPORT, a leading print and digital media resource for the office products and workflow solutions industry for 32 years and counting.

“This is the seventh time that Rick Taylor has earned the honor of being selected by independent dealers as the Manufacturer Executive of the Year.  He exemplifies what dealers seek to find in the senior corporate executives that they must interface with on a frequent basis,” says Frank G. Cannata, Marketing Research Consultants, LLC.  “I have known Rick for close to 20 years and I have seen firsthand how well he executed his responsibilities for two major manufacturers.  We extend our personal congratulations for a job well done.”

The awards were presented at THE CANNATA REPORT’s 28th Annual Awards and Charities Dinner on Wednesday, October 16. This year’s charitable effort was focused on raising funds for the MaryAnn Ingoglia Leukemia Research Grant established by THE CANNATA REPORT at the Hackensack University Medical Center last year. This year THE CANNATA REPORT, owned and operated by Marketing Research Consultants LLC (MRC), raised in excess of $130,000 (given and pledged), while THE CANNATA REPORT has raised approximately $1.2 million to date for various other philanthropic organizations. Dealers and prominent industry executives were the presenters at the awards ceremony, attended annually by all major copier/printer manufacturers in the industry.

“I am honored to receive this award as it reflects how the leadership at Konica Minolta is committed to our dealers and their success,” says Taylor.  “I am surrounded by an incredible team here at Konica Minolta that dealer partners continue to count on for superior support and service.”

Prior to joining Konica Minolta in 2008, Taylor served as President and CEO of Toshiba America Business Solutions, where he was also named “Executive of the Year” in 2001, 2003, and 2006 based on the annual survey of more than 300 independent office equipment dealers.

 

 

 

Originally published @: http://kmbs.konicaminolta.us/wps/portal/web?urile=wcm:path:/wps/wcm/connect/KMBS_Content_Library/SA_KMBS/SA_News/SA_Documents/Konica-Minoltas-Rick-Taylor-Receives-Executive-of-the-Year-Award

Konica Minolta Wins Prestigious Good Design Awards 2013 for Eleven Models

– All Submissions Accepted in Recognition of Intuitive and Comfortable Operation & Workflow –

Konica Minolta is pleased to announce that the company has been awarded Good Design Awards 2013 by Japan Institute of Design Promotion (JDP) for as many as eleven models total: five models of the “bizhub” series color MFP (multi-functional peripheral); two models of the “bizhub PRESS” series digital printing system for production print market; “AeroDR Portable Solution” mobile digital X-ray diagnostic imaging system; and “Unitea α” digital X-ray diagnostic imaging system for clinics. The awarded models of the “bizhub” series and “bizhub PRESS” series are mainstay products in the company’s Business Technology Business.

Good Design Awards 2013

Konica Minolta’s Design Center has been working on a wide range of design development, under its vision and mission of contributing to the businesses, the brand value enhancement, and the growth of the company through uninterrupted creation of design with greater values for society and customers. Winning the prestigious Good Design Awards for four series of products has been made possible through the Design Center’s commitment to bring to life what customers truly value, such as intuitive and comfortable operability, and to establish high-grade design that enhances Konica Minolta’s brand integrity. All these efforts are based on the vision and mission of the Design Center. As a result, all submissions of the eleven models to this year’s selection have won the awards.

The five models of “bizhub” color MFP have evolved and developed the black-and-white main body design, which gained high appreciation among office customers, and further improved intuitive user interface to strengthen operability of document processing. The two models of “bizhub PRESS” digital printing system nicely fit into the production site and come with solid, strong and reliable outer design, as well as the new control panel that supports comfortable workflow for operators.

In designing products for the healthcare field, Konica Minolta has a set of priorities aimed at “design to improve diagnosis quality” and “design to bring better communications between patients and doctors.” “AeroDR Portable Solution” and “Unitea α” are designed to enable healthcare providers to take advantage of improved look and feel, whether working in patients’ rooms, examination rooms, operation rooms or emergency rooms. At the same time, those products look friendly in the patients’ eyes.

Konica Minolta is proud of this recognition and intends to continue working on development of design that delivers excellent experience of Konica Minolta brand to customers.

Color MFP “bizhub” Series

Models
bizhub C554e/C454e/C364e/C284e/C224e

Comments from the screening committee of JDP

High evaluation has been given to the interface, particularly the design of display and control panel, that works well in both small and large offices. The display and control panel succeeded the “INFO-Palette” to handle a large number of functions required for MFPs, has bigger and easer-to-see preview display for document print processing, introduces multi-window [design] and touch operations such as drag and drop, and aims at further comfort and higher productivity through intuitive operation. Additionally, the audio has been improved to enable users to select sound to confirm operation, as well as alarm sound.

Digital Printing System “bizhub PRESS” Series

Models
bizhub PRESS C1070/C1060

Comments from the screening committee of JDP

In addition to the intuitive touch-operation control panel, the systems provide professional operators with mouse operation for controlling fuller lists or tables and setting up greater details. Complex and professional settings have been well combined with simpler and intuitive ones.
The systems have been designed in such a compact size that equipment layout can be optimized in a limited space of the workplace. Additionally, they are also compatible with options from preceding models: for instance, operators can use the tops of options on both ends of the print unit as work space. Those merits have been highly evaluated. Furthermore, the systems are environmentally considerate by reducing power consumption during use through low-temperature toner fixing system and reducing end-of-life carbon emissions with the use of biomass material.

AeroDR Portable Solution

Models
AeroDR /AeroDR UF Unit/CS-7Portable

Comments from the screening committee of JDP

The AeroDR Portable Solution easily upgrades existing porbatle analog X-ray units into digital X-ray units without modifications or overall replacement. It takes on particular significance for early detection of disease and wider availability of early treatment that hospitals, operation rooms and emergency rooms are able to perform digital X-ray on patients easily without a huge initial cost. The DR casette has a very light-weight and robust design, with clear identification of front and back as practical consideration to usability on site. The UF Unit (Portable Retrofit Unit) is thoughtfully made for good portability and easy storage in a visiting car. The tablet PC is designed for use at bedside with unified interface design so that operators will not hesitate what to do. In addition, the clear color coordination among each unit has been highly evaluated for its design integration as a system.

Digital X-ray Diagnostic Imaging System for Clinics

Models
Unitea α/AeroDR

Comments from the screening committee of JDP

While medical institutions are rapidly adopting information technology, they also face many challenges in data integration among multiple devices and systems. By not only managing diagnostic images but also integrating electronic health record, this system works as advanced all-in-one solution that can centrally manage data of patients.
Making progress as the X-ray diagnostic imaging migrates from analog to digital, Konica Minolta’s DR system has constituted achievements in advancing diagnostic accuracy and enhancing productivity with higher image quality, reducing exposure risk of patients and growing efficiency in space. In addition, it has been highly evaluated for offering a complete service as an X-ray diagnostic solution by collaborating with integrated application. The screening committee has also lauded Konica Minolta’s tireless efforts to rise to new challenges such as proposals of new values in using tablet devices, while maintaining existing user-interface protocols with emphasis on operability.

Under the communication message “Giving Shape to Ideas,” Konica Minolta understands the problems the customers have from their point of view and creates new values by bringing the ideas into shape. Going forward, the company will continue to create innovative products, services and solutions that bring joy, give surprise and stir emotions for businesses and everyday lives across the world.

About Good Design Award

The Good Design Award is a sole comprehensive design evaluation and commendation system in Japan since 1957. For more than 55 years, the Good Design Award has been given to outstanding designs for the creation of culture for the new era in the pursuit of prosperous lives and industrial development. Approximately 38,000 Good Design Awards have been given in continuing these efforts, with submissions from a number of companies and institutions from inside and outside of Japan every year. “G Mark,” the symbol of the award, has been recognized widely as a mark representing good design.

For additional information about Konica Minolta products, please visit: www.konicaminolta.com

Nokia World reveals phablets and tablets in Abu Dhabi

Nokia has unveiled its first phablets – extra-large phones – as well as its first tablet computer.

The Windows Phone handsets introduce the ability to change which objects in a photo are in focus after it is taken.

The Windows RT tablet has a 4G data chip, unlike Microsoft’s recently unveiled Surface 2.

Nokia World in Abu Dhabi is likely to be remembered as the Finnish firm’s last major event before it completes the sale of its hardware unit.

Microsoft agreed to buy the business for 5.4bn euros ($7.4bn; £4.6bn) in a deal which the companies have said should be finalised by early 2014.

Nokia’s former chief executive Stephen Elop, who resigned to become head of the company’s devices and services division until his transfer to Microsoft, admitted to the BBC that choosing Windows Phone rather than Android as an operating system had presented the company with “a very difficult challenge.”

“It’s been hard. It’s a very difficult challenge; it’s a very competitive environment, but we’re pleased with the fact that we’re building momentum,” he said.

‘Jarred’

One analyst said the sale should aid the US firm’s efforts to promote its mobile platforms against the market leaders, Google Android and Apple iOS.

“For the last two years Microsoft and Nokia’s marketing efforts have jarred against each other at times – having one big effort should be better than two smaller ones,” said Martin Garner, from the consultancy CCS Insight.

“Microsoft can also spend a lot more marketing the devices than Nokia could. That does seem to be a key criteria – both Samsung and Apple’s spends are very high indeed.”

Microsoft’s share of the handset and tablet markets is growing but from a relatively low level, according to market research firm Gartner.

Windows Phone took a 3.3% share of smartphone sales in the April-to-June quarter, said the firm, with Nokia proving the most popular brand.

Lumia 2520
Nokia decided to make a Windows RT tablet despite other firms deciding to ditch the platform

It also forecast that about 1.7% of all tablets shipped over 2013 as a whole would be powered by either Windows RT or the full Windows 8 operating system.

Big phones

Nokia showed off two phablets at the UAE launch. Both the Lumia 1520 and Lumia 1320 feature 6in (15.2cm) displays, allowing extra rows of apps to be displayed on their home screens than possible on smaller models.

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The firm said that the extra space would also make it easier to use the phones’ touchscreen keyboards, suggesting this would appeal to business users who used productivity software.

A new Beamer app will allow the phones to stream the contents of their screens onto to a web browser on a separate display. It works by sending data via Nokia’s computer servers.

Another new app – Refocus – lets owners determine which parts of a photograph are in focus and which are blurred after it is taken. The phones achieve this by taking a series of images in quick succession at different focus lengths rather than replicating the light field effect captured by a Lytro camera.

Nokia Refocus photos The new phablets are Nokia’s first handsets to offer its new Refocus app

Blackberry is among the other companies to have recently launched a phablet, but one expert said doubts about the Canadian firm’s future meant that its existing users might be tempted to switch.

“There’s definitely a chance for Nokia to gain ground, of course everyone else is interested in that space too,” said Mr Garner.

“It’s not a slam dunk, but Microsoft is as well placed as others – better in some respects.”

First tablet

The Lumia 2520 becomes the only Windows RT tablet made by a manufacturer other than Microsoft.

Dell, Asus, Lenovo, Acer and Samsung had all initially backed the platform only to later change tack.

The operating system runs on an ARM-based chip allowing it to offer superior battery life to the full Windows 8 system running on tablets powered by x86 processors, but it does not support as many programs.

Surface 2
Microsoft’s newly released Surface 2 tablet will compete against Nokia’s rival Windows RT computer

Nokia’s tablet is slightly more compact than Microsoft’s version and also distinguishes itself by supporting an optional 4G Sim card.

However, bearing in mind Microsoft has already taken a $900m writedown after weak sales of its original Surface RT tablet, one analyst questioned whether the firm would want to produce two competing models.

“I don’t think that having two devices in that space makes a lot of sense,” said Carolina Milanesi, consumer devices analyst at Gartner.

“I believe Microsoft may keep the Nokia model on as a cheaper consumer-targeted device focused on media consumption and gaming in order to capture more market share, and also keep on the more expensive Intel-based Surface Pro – but it will phase out the Surface 2 RT model.”

More Ashas

Nokia also added three models to its Asha range of low-end handsets targeted at emerging markets and shoppers on a budget. They run Nokia’s proprietary Series 40 OS rather than Windows Phone.

Stephen Elop
Nokia’s former chief executive, Stephen Elop, has rejoined Microsoft where he will lead its handsets division

The most expensive of the devices, the Asha 530, now supports 3G data in addition to 2G, allowing faster internet access.

“It’s important for Nokia and Microsoft to connect the next billion people,” said Mr Elop, suggesting that Microsoft would find Asha’s popularity a convenient way to promote other services such as its Skydrive cloud storage product.

But one market watcher questioned Asha’s future.

“There’s still quite a lot of demand for Asha in developing markets where the phones offer brand-value against other low-cost mass-market handsets,” said Chris Green from the Davies Murphy Group consultancy.

“So, there’s no sense to killing the business while it remains highly profitable.

“But will it be a core focus? Absolutely not. It will be a distraction and Microsoft will be keen to migrate users to the Windows Phone platform.”

 

First published @ http://www.bbc.co.uk/news/technology-24608498