KONICA MINOLTA, INC., First Half Net Income Loss Widens, July-September Net Income Turns to Loss

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Tue Nov 5, 2024 3:30 pm JST Earnings

4902 KONICA MINOLTA, INC. 【IFRS】

Earnings Report

KONICA MINOLTA, INC. <4902> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 5th (15:30). The consolidated net loss for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to a loss of 10.7 billion yen (compared to a loss of 4.49 billion yen in the same period last year).

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the October to March period (second half) is expected to grow by 18.9% from the same period last year, reaching 10.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated net income/loss turned to a loss of 7.26 billion yen (compared to a profit of 1.07 billion yen in the same period last year). The operating profit/loss margin worsened from 1.8% in the same period last year to -0.1%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	530,743	-5,138	-3,111	-6,742	-13.7	ー	Nov 2, 2022	IFRS
Apr - Sep, 2023	552,763	785	-3,746	-4,492	-9.1	ー	Nov 2, 2023	IFRS
Apr - Sep, 2024	583,729	-713	-10,025	-10,714	-21.7	ー	Nov 5, 2024	IFRS
YoY	+5.6%	－	-167.6%	-138.5%	-138.3%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	0	May 14, 2024	IFRS
Apr - Sep, 2024 Results	583,729	-713	-10,025	-10,714	-21.7	0	Nov 5, 2024	IFRS
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,160,000	13,000	ー	0	0.0	0	May 14, 2024	IFRS
Mar, 2025 New	1,134,000	-14,000	ー	0	0.0	0	Nov 5, 2024	IFRS
Revision Rate	-2.2%	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	554,942	26,758	17,312	9,013	18.2	5	May 14, 2024	IFRS
Oct - Mar, 2024 Guidance	550,271	-13,287	ー	10,714	0.0	0	Nov 5, 2024	IFRS
YoY	-0.8%	－	－	+18.9%	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,130,397	-95,125	-101,872	-103,153	-208.9	10	May 15, 2023	IFRS
Mar, 2024	1,107,705	27,543	13,566	4,521	9.2	5	May 14, 2024	IFRS
Mar, 2025 Guidance	1,134,000	-14,000	ー	0	0.0	0	Nov 5, 2024	IFRS
YoY	+2.4%	－	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	286,355	5,191	2,042	1,074	2.2	1.8	Nov 2, 2023	IFRS
Oct - Dec, 2023	289,206	7,780	2,097	344	0.7	2.7	Feb 1, 2024	IFRS
Jan - Mar, 2024	265,736	18,978	15,215	8,669	17.6	7.1	May 14, 2024	IFRS
Apr - Jun, 2024	286,212	-395	-1,842	-3,452	-7.0	-0.1	Jul 31, 2024	IFRS
Jul - Sep, 2024	297,517	-318	-8,183	-7,262	-14.7	-0.1	Nov 5, 2024	IFRS
YoY	+3.9%	－	－	－	－