Konica Minolta Launches LED Dome System That Produces 360-degree Images on a Domed Display

Konica Minolta Planetarium Co., Ltd. (Konica Minolta) announced that the company has launched the world’s LED Dome System in Japan and Korea.

Unlike the conventional projector-based dome system widely used today, the LED Dome System produces images by using LED elements that emit light by themselves. Characterized by higher luminance and wider color gamut, the system can reproduce highly realistic and beautiful starry skies of unprecedented quality.

Konica Minolta has acquired the exclusive rights to sell the LED Dome System in the Japanese and Korean markets by concluding a partnership agreement with Keisoku Giken Co., Ltd., the sole importing agent for this system in Japan and Korea. Leveraging its know-how of projection dome construction, Konica Minolta will offer the LED Dome System as a new large display solution for a diverse range of customers, including planetariums, dome theaters, museums, commercial facilities, amusement facilities, and companies seeking industrial simulators.

Values Offered by the LED Dome System

1. Reproducing ever more realistic images with vivid colors and high luminance

In the conventional method, an image is formed on a domed screen by the reflection of light rays projected from the projector, which means that the projected images have limited luminance and quality. In contrast, the LED Dome System has LED elements that emit light by themselves on its screen, and so achieves a maximum luminance of 600 cd/m² and color gamut of 155% of sRGB^*1. Thus, the LED Dome System can clearly reproduce a bright blue sky and sea, glowing sunset, and bright stars in the dark sky, which is difficult with the conventional method. The system also produces more realistic three-dimensional images than ever and gives the viewer a greater sense of immersion.

2. Expanding the possibility of 360-degree images

In 1997, Konica Minolta introduced a digital full-dome system capable of projecting CG images on a planetarium screen, and has since been supplying 360-degree shows to various facilities. By projecting these high-quality images on the LED Dome System, Konica Minolta hopes to bring to viewers an astounding experience like never before. The company is also keen to expand the possibility of 360-degree images by developing new shows that are only possible with the LED Dome System.

3. Delivering dreams and excitement from projection domes

Besides selling and installing projection equipment, Konica Minolta also manages projection dome construction, ranging from building the dome and installing the sound system and audience seating, to interior finishing. Leveraging its know-how of dome construction and experience in 360-degree images, the company will offer the LED Dome System as a new large display solution to customers in various fields.
With its know-how of managing image projection facilities and attracting visitors built up through its three directly-managed planetariums in Tokyo, the company also hopes to provide total support to projection domes to deliver dreams and excitement to visitors.

Main Specifications of the LED Dome System

	LP-TC2.7-20MI	LP-TC3.0-15MI	LP-TC1.9-7MI
Dome diameter	20m	15m	7m
Pitch width	2.7mm	3.0mm	1.93mm
Center resolution	About 11.5K Pix	About 8K Pix	About 6K Pix
Luminance	Max. 600cd/m2
Color gamut	155% of sRGB (ITU-R Rec.709)*1

*1:sRGB is an international standard for color gamut (range of colors that can be displayed) and is used as a color gamut standard for liquid crystal displays in the Windows environment. A color gamut of 155% of sRGB means that the color gamut is 55% wider than sRGB. ITU-R Rec.709 is another international standard for color gamut set by the International Telecommunication Union, Radiocommunication Sector.

Konica Minolta – 1Q / March 2020 Consolidated Financial Results Highlight

1. Consolidated financial results for the three months ended June 30, 2019 (from April 1, 2019 to June 30, 2019)

(1) Consolidated results of operations

(Percentage figures represent changes from the same period of the previous fiscal year.)

Three months ended	Revenue		Operating profit		Profit before tax
	Millions of yen	%	Millions of yen	%	Millions of yen	%
June 30, 2019	241,743	-5.3	554	-96.4	(1,378)	–
June 30, 2018	255,214	9.8	15,445	77.2	15,274	86.1

Three months ended	Profit for the period		Profit attributable to owners of the Company		Total comprehensive income
	Millions of yen	%	Millions of yen	%	Millions of yen	%
June 30, 2019	(1,470)	–	(1,208)	–	(16,165)	–
June 30, 2018	10,858	102.2	11,180	108.3	17,105	64.8

Three months ended	Basic earnings per share	Diluted earnings per share
	Yen	Yen
June 30, 2019	(2.44)	(2.44)
June 30, 2018	22.61	22.54

(Note)Basic earnings per share and diluted earnings per share are calculated based on the profit attributable to owners of the Company.

(2) Consolidated financial position

As of	Total assets	Total equity	Equity attributable to owners of the Company	Equity ratio attributable to owners of the Company
	Millions of yen	Millions of yen	Millions of yen	%
June 30, 2019	1,279,227	543,246	533,458	41.7
March 31, 2019	1,218,986	565,983	555,689	45.6

2. Dividends per share

	End of the three-month period	End of the six-month period	End of the nine-month period	End of the year	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended March 31, 2019	–	15.00	–	15.00	30.00
Fiscal year ending March 31, 2020	–
Fiscal year ending March 31, 2020 (forecast)		15.00	–	15.00	30.00

(Note)Changes from the latest dividend forecasts: None

3．Consolidated forecasts for the fiscal year ending March 31, 2020 (from April 1, 2019 to March 31, 2020)

(Percentage figures represent changes from the previous fiscal year.)

Fiscal year ending	Revenue		Operating profit		Profit attributable to owners of the Company		Basic earnings per share
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
March 31, 2020	1,085,000	2.4	60,000	-3.9	37,500	-10.1	75.80

(Note)Changes from the latest consolidated forecasts: Yes

■ Notes

1. Changes in significant subsidiaries for the three months ended June 30, 2019 (changes in the scope of consolidation): None
2. Changes in accounting policies or changes in accounting estimates
   • a. Changes in accounting policies required by International
     Financial Reporting Standards (IFRS): Yes
   • b. Changes in accounting policies other than the above a.: None
   • c. Changes in accounting estimates: None
3. Number of issued and outstanding shares (common stock)
   • a. Number of issued and outstanding shares (including treasury shares)
     As of June 30, 2019: 502,664,337 shares
     As of March 31, 2019: 502,664,337 shares
   • b. Number of treasury shares
     As of June 30, 2019: 7,959,279 shares
     As of March 31, 2019: 8,008,984 shares
   • c. Average number of issued and outstanding shares during the period
     The three months ended June 30, 2019: 494,690,678 shares
     The three months ended June 30, 2018: 494,498,624 shares

Konica Minolta, Inc. (the “Company”) has established the Board Incentive Plan trust in which beneficiaries include Directors, Executive Officers, Group Executives, and Technology Fellows. The shares owned by the trust account relating to this trust are accounted for as treasury shares (1,250,538 shares as of June 30, 2019, and March 31, 2019).

■ This summary of quarterly consolidated financial results falls outside the scope of quarterly review procedures to be performed by certified public accountants or an audit firm.

■ Explanation concerning the appropriate use of the forecasts for results of operations and other special matters.

(Note on the forecasts for the consolidated financial results)

The forecasts for results of operations in this report are based on information currently available to the Company and its subsidiaries (the “Group”), and assumptions determined to be reasonable, and are not intended to assure achievement of the Group’s operations. Actual results may differ significantly from the forecasts due to various factors. For further details of the assumptions and other factors considered by the Company in preparing the forecasts above, refer to “1. QUALITATIVE INFORMATION ON FINANC IAL RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 20192019, (3) Explanation Regarding the Forecasts for the Consolidated Financial Results” in the attached Supplementary Information on page 7.

Supplementary information for the quarterly financial results and briefing on the quarterly financial results

The Company will hold a briefing on the quarterly financial results for institutional investors on Tuesday, July 30, 2019. The proceedings and details of the briefing, along with the supplementary information on the quarterly financial results to be presented at the briefing, will be posted on the website of the Group soon after the briefing.

Konica Minolta unveils new version of MarketPlace

Konica Minolta announced the new version of its MarketPlace platform which ensures that users have access to the digital tools needed to increase productivity and enhance their daily operations, all in one place.

Toshimitsu Taiko, Senior Executive Officer, responsible for Business Technologies at Konica Minolta explains, “Our goal is to support our customers in creating a working environment that, based on their specific needs, leads the foundation for their business success in a digitalised future. This is what we mean when we speak of the connected office.”

Currently available in 133 countries, MarketPlace offers a wide variety of cloud, scan, productivity, information, and security apps that allow users to quickly increase the power of their Konica Minolta MFPs, as well as the new Workplace Hub IT infrastructure.

MarketPlace now comes standard with all Konica Minolta bizhub i-series devices, ensuring that users can easily access the tools needed to increase productivity and enhance daily operations. Customers can connect MFPs to various cloud services, allowing them to print files from, or scan files directly into desired cloud repositories.

In addition, MarketPlace has become a billing system by integrating into Konica Minolta’s ERP systems, enabling consumption-based billing and increasing operational efficiencies.

MarketPlace keeps track of each customer’s usage and ensures they are only invoiced for that amount. Further, with its web-based Design Tool, customers can create or request custom-designed MFP User Interfaces (UIs) that are tailored to their way of working.

“With MarketPlace, Konica Minolta takes another step towards becoming a leading company in rethinking the today’s workplace and redefining the way organisations work. The Konica Minolta MarketPlace is not only an app store for bizhub devices, it is the core platform where our customers can add functionality to their IoT devices. The pre-installation of MarketPlace on Workplace Hub and bizhub i-Series devices represents Konica Minolta’s commitment to enhance the way our customers work,” says Ikuo Nakagawa, Senior Executive Officer, responsible for Digital Workplace Business, concluding: “Providing tools for growth while reducing complexity is at the heart of our Connected Office approach. MarketPlace is a great example of this. As one of Total revenue for the global top 100 IT vendors, our Connect Office platform combines our comprehensive IT services, office solutions portfolio, and consulting services in a way that empowers our customers to create a digital-focused workplace of the future.”

Continued Growth in Business Inkjet & A4 Color Laser Shipments through 2023 in North America and Western Europe

 

While the overall office equipment markets in NA and WE are mature, Keypoint Intelligence/InfoTrends expect continued growth in A4 Color Laser and Business Inkjet Segment 3 & 4 according to recently published SF Printer and MFP Hardware Forecasts for both regions. In addition, the shift from SF printers to multifunctional devices will continue. According to the forecast, in North America, SF Laser printers represented 45% of total shipments in 2018 and are expected to decline to 40% of devices compared with MF shipments which will grow from 55% to 60% by 2023.  While in Western Europe MF shipments will grow from 56% to 58% of total shipments during the same period.

In addition, total NA office color laser shipments are also expected to outperform monochrome devices during the same period growing from 35% of total shipments to 40% by 2023. While in Western Europe, office color laser is expected to grow from 40% of total shipments to 41% during the same period. While the overall market for both regions will remain relatively flat to a slight decline the shift from SF to MF devices and from monochrome to color will continue to impact the overall office equipment market. The biggest opportunity for growth is within the office color laser A4 segments (3-4) for both regions.  In North America A4 Color MF devices are forecasted to grow at a 6.8% CAGR through 2023.

Business Inkjet Segments Continue to Grow

In addition to the growth in A4 color laser MFPs, Keypoint Intelligence/InfoTrends forecast shows growth in Business Inkjet Segments 3 and 4 through the same period. Business Inkjet Segment 3 is expected to grow at 6% CAGR in North America and 2.3% CAGR in Western Europe.  The majority of unit growth will be in A4 MFPs in this business inkjet segment with new models that offer longer life consumables and feature-rich product offerings. This new breed of inkjet devices offers an attractive alternative to laser particularly within the SMB office environment with standard wireless connectivity, high yield consumables and in some cases, comparable cost per page to laser. Furthermore, Inkjet Segment 4 is expected to grow at 9.7 CAGR in North America and 6.2% CAGR by 2023 in Western Europe during the same period, driven by a wider acceptance of page-wide ink technology and new robust high-speed color inkjet devices entering this market segment.

InfoTrends’ Opinion

While the North America & Western Europe Laser market is a mature market there are pockets of growth opportunity as color, MF and A4 devices continue to replace traditional A3 type engines in the office.  Additionally, the shift to A4 printer-based MFPs will continue as these products move upstream and disrupt traditional A3 markets.  Furthermore, Business Ink, particularly high-end serial and page-wide will continue to play an even greater role in the SMB market. A more detailed overview of the North America and Western Europe Placements, ASP and Hardware Revenue Forecast from 2018-2023 can be found at the following link below.

https://client.keypointintelligence.com/bliQ/InfoCenter

 

 

by Barbara Richards

 

The 2019 Gold Ink Awards Competition is Now Open!

Presented by Printing Impressions, The Gold Ink Awards is the industry’s most prestigious print competition. The competition is open to all creators and producers of printed materials, and encompasses nearly 50 categories within commercial printing, magazines, books, catalogs, digital printing and packaging.

Printing Impressions  receives thousands of entries each year from printers around the world who are looking to be recognized by their customers, prospects and industry peers for their superior craftsmanship.

CLICK HERE FOR MORE INFORMATION

Gold Ink Winners gain powerful recognition for both their company and their clients through our magazine, website, social platforms and more.

• Gold, Silver and Bronze award winners in each category will receive a plaque that symbolizes printing success.
• Gold winners will have their piece on display at PRINTING United in Dallas, Texas this October, putting your work in front of 32,000+ attendees.
• All Gold Ink winners will be added to our website and promoted to our audience of over 60,000 Printing Impressions subscribers.
• Gold winners will be highlighted in the September issue of Printing Impressions magazine.
• Select entries will be also be recognized via social media by Printing Impressions on Facebook and Twitter.

 

 

Konica Minolta Aquires Eines Systems

Konica Minolta to Drive Automated Visual Inspection Business

Acquisition of Eines Systems, Spain-based leading company, will enhance growth in auto visual inspection for automotive industry.

Konica Minolta, Inc. (Konica Minolta) announced that it has acquired the Spain-based Eines Systems S.L. (Eines Systems), a leading company in the automated visual inspection market. Based on its high-quality light and color measurement technologies, Konica Minolta has been enhancing initiatives in the sensing business for the growing ICT and automotive industries, by providing various products and solutions with additional value proposition. The acquisition of Eines Systems will further drive Konica Minolta’s efforts in building on its visual inspection business for the automotive industry.

Aim of Acquisition

Konica Minolta’s sensing business offers various products and solutions in the fields of light source color measurement and object color measurement based on the optical technologies developed in its former camera business and continually refined thereafter.

The products and solutions offered by Konica Minolta contribute to improving quality and productivity at customers’ manufacturing sites. As the company has been expanding the business base in its core-competent ICT industry, consisting of products such as LCD displays and OLED screens, it has been driving, as part of its growth strategy, promotion of the development of technologies and products to meet automation needs in the automotive sector.

Eines Systems, as a leading technology company, has competitive edges in the mainstay business for providing automated quality inspection systems and solutions for automotive production process. The company highly excels in the customer-driven agile development for its global customer base.

Currently various processes of visual inspection in the automotive industry largely depend on human eyes, facing challenges such as quality improvement, more stable results and labor saving. Addressing those challenges, Eines Systems has developed automotive painting visual inspection systems in recent years, which have been utilized in European customers. The company is planning further implementation of the systems in regions beyond Europe.

Aligning its efforts in expanding automated inspection market for the automotive sector, Konica Minolta will fully utilize the strengths with its global customer base in the color and light measurement fields and global networks and take advantage of synergy opportunities from Eines Systems and Konica Minolta’s own optical and imaging technologies. Welcoming Eines Systems, the Konica Minolta Group will accelerate launch of the visual inspection businesses for the automotive industry.
The transaction was closed on May 31, 2019.

Overview of Eines Systems

Company name	Eines Systems S.L.
Founded	1992
Headquarters	Valencia, Spain
CEO	Jorge Broto Ruiz
Number of employees	66 (as of May 31, 2019)
Businesses	Development, manufacturing and sales of automated quality inspection systems for automotive production

About Konica Minolta’s Sensing Business

Many Konica Minolta products are used as de facto standard color measurement instruments. Notably, Konica Minolta has more than a 50% share in the global market for display image quality measurement and inspection (estimated by Konica Minolta), and has a solid presence as the market leader.

Konica Minolta has actively promoted investments to strengthen its competitiveness. In 2012, the company acquired Instrument Systems GmbH (Germany) which develops high-end optical measuring instruments and has an outstanding track record in the high-performance measurement of displays and LED lighting devices. In 2015, the company acquired Radiant Vision Systems, LLC (U.S.) which excels at high-resolution 2D measurement instruments for displays, image processing software, and automatic appearance inspection systems.

Konica Minolta remains committed to developing its measuring instrument business as a market leader by offering various high value-added products and solutions that enable high-precision measurement of light and color for the ever-growing ICT and automobile industries.

3D-printing industry sees five-year growth

According to the new research update by CONTEXT, the 3D-printing industry sees a 26 percent CAGR materials revenue growth as annuity streams shift to manufacturing.

Revenues from materials for Industrial/Professional 3D printers have surged by $4.6 billion (€4.08 billion) over the past five years with 29.9 percent year-on-year growth in 2018 alone, according to new research from CONTEXT. The market looks set to better the 2013–2018 five-year CAGR of 25.98 percent and is on track to amass another $15 billion (€13.32 billion) in the next five years.

Although still a small part of the $12 trillion (€10.6 trillion) manufacturing industry, the market for materials for use in 3D printing, also known as additive manufacturing (AM), has grown strongly as the number of 3D printers installed has expanded.

From 2014 to 2018, 80.6 percent of global revenues for materials used in Industrial/Professional 3D printers came from polymers (plastics), while metals accounted for 13.5 percent. However, the latter’s share grew to 17.9 percent in 2018 while polymers’ dipped to 78.8 percent, highlighting the growing momentum of metal-based AM.

The AM market, like the larger general manufacturing market, is made up of sub-markets that are often aligned with unique technologies and material properties. New research, based on comprehensive and detailed analysis of what professional AM machines are used for, reveals very different core usage of materials across machine types, CONTEXT explained.

The outdated idea that 3D printing is still predominantly used for prototyping is based around polymer extrusion (FDM) machines. While this technology is often the most visible, and in many people’s minds accounts for the entire market, revenue from materials for these machines was behind that from materials for resin vat photopolymerisation and polymer powder-bed fusion machines during 2014–18.

Although most material extrusion machines are still used predominantly for prototyping, other core polymer 3D-printing technologies, such as vat photopolymerisation (commonly known as SLA, DLP or DLS/CLIP) and powder-bed fusion (including traditional selective-laser sintering – SLS – and HP’s MJF), are being increasingly used for low- and mid-volume production as well as for mass customisation.

CONTEXT’s new report examines the 3D-printing materials market to reveal quarter-by-quarter utilisation of materials by machine type, process, core-material, sub-material end-market, and principal use, allowing users to examine the entire global market as well as individual processes and end markets.

The report breaks major material types for each process into key subgroups. For polymer extrusion these are ABS, ASA, FDM nylon, PLA, ULTEM; for vat photopolymerisation they are casting resin, dental resin and professional resin; and for powder-bed fusion the groupings cover materials such as PA11, PA12, PA–glass beads, PEEK, and PEKK. For AM with metals, sub-materials include aluminium, cobalt -chrome, nickel alloys, precious metals, steels and titanium; and the usage of other materials – wax, ceramics, sand, biological materials, and many more, is also examined.

Prokom gears up for third global conference and extends network into China and Australia

Prokom, the Konica Minolta production print user community, has unveiled further expansion plans as its members prepare for the third global Prokom conference in Valencia, Spain on June 5-6, 2019.

More than 200 delegates from across the world will be convening at the Hotel Las Arenas Balneario Resort in Valencia to network and learn from each other, as Konica Minolta continues to accelerate its growth path within the industrial and commercial print markets.

Latest trends that are shaping the global print industry, blueprints for the future, business diversification, growth and transformation, growth drivers and interactive Q and A sessions will all be featured at Prokom Valencia 2019. The keynote speaker, industry consultant Peter Muir of FranklinCovey, will address “The importance of facts and learning in a changing world”.  The conference will be rounded off with an evening celebration dinner and the Prokom Innovation Awards ceremony.

This year’s conference is booked to capacity, but Konica Minolta production users worldwide are invited to “attend by proxy” with videos, articles, conference highlights and key learning that will be posted to the global Prokom website as the conference proceeds.Last month, Prokom hosted a kick-off event and dinner for more than 500 delegates in China, launched at Gulf Print in Dubai, and is soon launching in Australia.

Membership of Prokom is open to any Konica Minolta user of production printing equipment and now includes over 1,300 member companies worldwide. New Konica Minolta production solution users can learn more at www.prokom.org, featuring e-learning courses, self-help videos and tools, forums, expert content, market research as well as webinars, newsletters and local events.

Toshitaka Uemura, General Manager, Konica Minolta Inc, is one of a team of Konica Minolta senior executives who are focused on ensuring their production print clients carry the keys to success through superior technology, world-class solutions and service, and the rewards of Prokom membership.

Our commitment has always been to give shape to our customers’ ideas. We want to help them to transform their approaches and to capitalize on the many new market opportunities in a connected, online world, where print is very much a strong and valued part of the marketing mix. This annual conference has become an important part of the Prokom user group community as we continue to expand across the world.

Toshitaka Uemura, General Manager, Konica Minolta, Inc.

KONICA MINOLTA Financial Results – FY18

March 2019 Consolidated Financial Results

Presentation Slides for FY2019 Financial Results Briefing Session

 

1. Consolidated financial results for the fiscal year ended March 31, 2019 (from April 1, 2018 to March 31, 2019)

(1) Consolidated results of operations

(Percentage figures represent changes from the previous fiscal year.)

Fiscal year ended	Revenue		Operating profit		Profit before tax
	Millions of yen	%	Millions of yen	%	Millions of yen	%
March 31, 2019	1,059,120	2.7	62,444	16.0	60,138	22.4
March 31, 2018	1,031,256	7.1	53,844	7.4	49,124	-0.4

Fiscal year ended	Profit for the year		Profit attributable to owners of the Company		Total comprehensive income
	Millions of yen	%	Millions of yen	%	Millions of yen	%
March 31, 2019	41,729	29.6	41,705	29.3	41,654	20.2
March 31, 2018	32,207	2.3	32,248	2.2	34,642	36.8

Fiscal year ended	Basic earnings per share	Diluted earnings per share	Profit ratio to equity attributable to owners of the Company	Profit before tax ratio to total assets	Operating profit ratio
	Yen	Yen	%	%	%
March 31, 2019	84.33	84.03	7.7	5.0	5.9
March 31, 2018	65.17	64.96	6.1	4.4	5.2

(Reference)Share of profit (loss) of investments accounted for using the equity method:
Fiscal year ended March 31, 2019: (624) million yen
Fiscal year ended March 31, 2018: (647) million yen

(Note)Basic earnings per share and diluted earnings per share are calculated based on the profit attributable to owners of the Company.

(2) Consolidated financial position

As of	Total assets	Total equity	Equity attributable to owners of the Company	Equity ratio attributable to owners of the Company	Equity per share attributable to owners of the Company
	Millions of yen	Millions of yen	Millions of yen	%	Yen
March 31, 2019	1,218,986	565,983	555,689	45.6	1,123.39
March 31, 2018	1,203,907	535,588	524,513	43.6	1,060.72

(3) Consolidated cash flows

Fiscal year ended	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at the end of the year
	Millions of yen	Millions of yen	Millions of yen	Millions of yen
March 31, 2019	57,166	(41,480)	(40,246)	124,830
March 31, 2018	65,367	(133,737)	126,638	149,913

2. Dividends per share

	End of the three-month period	End of the six-month period	End of the nine-month period	End of the year	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended March 31, 2018	–	15.00	–	15.00	30.00
Fiscal year ended March 31, 2019	–	15.00	–	15.00	30.00
Fiscal year ending March 31, 2020 (forecast)	–	15.00	–	15.00	30.00

	Dividends paid (annual)	Dividends payout ratio (consolidated)	Dividends on equity attributable to owners of the Company ratio (consolidated)
	Millions of yen	%	%
Fiscal year ended March 31, 2018	14,872	46.0	2.8
Fiscal year ended March 31, 2019	14,876	35.6	2.7
Fiscal year ending March 31, 2020 (forecast)		32.6

3. Consolidated forecasts for the fiscal year ending March 31, 2020 (from April 1, 2019 to March 31, 2020)

(Percentage figures represent changes from the previous fiscal year.)

Fiscal year ending	Revenue		Operating profit		Profit attributable to owners of the Company		Basic earnings per share
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
March 31, 2020	1,120,000	5.7	66,000	5.7	45,500	9.1	91.98

■ Notes

1. Changes in important subsidiaries during the fiscal year ended March 31, 2019 (changes in the scope of consolidation): None
2. Changes in accounting policies or changes in accounting estimates
   • a. Changes in accounting policies required by International
     Financial Reporting Standards (IFRS): Yes
   • b. Changes in accounting policies other than the above a.: None
   • c. Changes in accounting estimates: None
3. Number of issued and outstanding shares (common shares)
   • a. Number of issued and outstanding shares (including treasury shares)
     As of March 31, 2019: 502,664,337 shares
     As of March 31, 2018: 502,664,337 shares
   • b. Number of treasury shares
     As of March 31, 2019: 8,008,984 shares
     As of March 31, 2018: 8,175,975 shares
   • c. Average number of issued and outstanding shares during the year
     The fiscal year ended March 31, 2019: 494,572,664 shares
     The fiscal year ended March 31, 2018: 494,865,264 shares

Konica Minolta, Inc. (the “Company”) has established the Board Incentive Plan trust in which beneficiaries include Directors, Executive Officers, Group Executives, and Technology Fellows. The shares owned by the trust account relating to this trust of 1,250,538 shares as of March 31, 2019, and 1,274,000 shares as of March 31, 2018, are accounted for as treasury shares.

(Reference) Overview of non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended March 31, 2019 (from April 1, 2018 to March 31, 2019)

(1) Non-consolidated results of operations

(Percentage figures represent changes from the previous fiscal year.)

Fiscal year ended	Revenue		Operating profit		Ordinary income
	Millions of yen	%	Millions of yen	%	Millions of yen	%
March 31, 2019	452,680	3.8	5,745	－	7,976	4.2
March 31, 2018	436,157	-0.2	82	-97.5	7,655	-51.6

Fiscal year ended	Net income		Net income per share	Net income per share (fully-diluted)
	Millions of yen	%	Yen	Yen
March 31, 2019	7,695	-39.7	15.56	15.50
March 31, 2018	12,756	8.8	25.78	25.70

(2) Non-consolidated financial position

As of	Total assets	Total equity	Equity ratio	Net assets per share
	Millions of yen	Millions of yen	%	Yen
March 31, 2019	766,679	335,001	43.6	675.55
March 31, 2018	792,860	343,086	43.2	691.93

(Reference) Equity:Fiscal year ended March 31, 2019: 334,165 million yen
Fiscal year ended March 31, 2018: 342,151 million yen

■ This summary of consolidated financial results falls outside the scope of audit procedures to be performed by certified public accountants or an audit firm.

■ Explanation concerning the appropriate use of the forecasts for results of operations and other special matters

(Note on the forecasts for the consolidated financial results)

The forecasts for results of operations in this report are based on information currently available to the Company and its subsidiaries (the “Group”), and assumptions determined to be reasonable, and are not intended to assure achievement of the Group’s operations. Actual results may differ significantly from the forecasts due to various factors. For further details of the assumptions and other factors considered by the Company in preparing the above forecasts, refer to “1. OVERVIEW OF FINANCIAL RESULTS, (1) Overview of Consolidated Operating Results, c. Outlook for the Fiscal Year Ending March 31, 2020” in the attached Supplementary Information on page 13.

(Supplementary information for the financial results and briefing on the financial results)

Konica Minolta – Notice regarding recording of valuation loss on shares of affiliate

Konica Minolta, Inc. (the “Company”) announces that it anticipates to record a loss on shares of its affiliated company in the separate financial closing for the fiscal year ended March 31, 2019 (April 1, 2018 to March 31, 2019), as follows:

1. Details of the recording of a valuation loss

The Company owns 65.5% shares of MOBOTIX AG (listed on the Entry Standard Market of Frankfurt Stock Exchange, “MOBOTIX”), a German manufacture of IP video surveillance cameras and video management software. As a result of a decline in MOBOTIX’s stock price, the Company will record a loss on MOBOTIX’s shares held in the separate financial statements for the fiscal year ended March 31, 2019.

2. Amount of impacts on profit and loss of the Company resulting from the recording of a valuation loss

The Company will record 12.6 billion yen of valuation loss on shares of affiliates as an extraordinary loss for MOBOTIX’s shares held in the separate financial statements for the fiscal year ended March 31, 2019.
The valuation loss on shares of affiliates to be recorded has no effect on the consolidated results of operations because MOBITIX is a consolidated subsidiary of the Company and the loss will be eliminated in the consolidated financial closing.