Konica Minolta Holdings Q1 revenue declines 28%

All KM’s major segments saw revenue drop in Q1, FY2020-21

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The Konica Minolta Accurio Jet KM1 inkjet production press Photo Konica Minolta
The Konica Minolta Accurio Jet KM1 inkjet production press Photo Konica Minolta

Konica Minolta Holdings’ quarterly revenue during the April-June quarter fell 28% year-on-year to 173 billion yen (Rs 12,270 crore). “Affected by the lockdown in Europe and the US, office and professional print, which account for a little under 70% of sales in Europe and the US, as well as bio-healthcare, which accounts for almost all sales in the US, saw revenue greatly reduced,” the company said.

The office business segment recorded a revenue of 93.9 billion yen, a decrease of 30.2% year-on-year. The operating loss was 7.5 billion yen compared with an operating profit of 7.6 billion yen for the same period in the previous fiscal year.

The professional print business segment recorded revenue of 31.7 billion yen, a decrease of 37.2% year-on-year. The operating loss was 7 billion yen compared with an operating profit of 1 billion yen for the same period last year.

June pick-up for professional print

Unit sales of both color and monochrome models in June increased significantly over April-May. The year-on-year decrease was also somewhat improved. (April down 47%, May down 51%, June down 43%). Despite reductions, KM-1 demand is returning among mid-size and large printing companies, and KM-1e sales have begun. Label and embellishment printing equipment are also showing increases, the company said.

Operating loss during the current period was 22.6 billion yen compared with an operating profit of 0.6 billion yen in the same period last year. Due to the uncertainties created by the coronavirus pandemic, the company said no earnings forecast would be provided for FY2020-21, ending 31 March 2021, at this point. 

In 2024, we are looking at full recovery and growth-led investment in Indian printing

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. It created the category of privately owned B2B print magazines in the country. And by its diversification in packaging, (Packaging South Asia), food processing and packaging (IndiFoodBev) and health and medical supply chain and packaging (HealthTekPak), and its community activities in training, research, and conferences (Ipp Services, Training and Research) the organization continues to create platforms that demonstrate the need for quality information, data, technology insights and events.

India is a large and tough terrain and while its book publishing and commercial printing industry have recovered and are increasingly embracing digital print, the Indian newspaper industry continues to recover its credibility and circulation. The signage industry is also recovering and new technologies and audiences such as digital 3D additive printing, digital textiles, and industrial printing are coming onto our pages. Diversification is a fact of life for our readers and like them, we will also have to adapt with agility to keep up with their business and technical information needs.

India is one of the fastest growing economies in nominal and real terms – in a region poised for the highest change in year to year expenditure in printing equipment and consumables. Our 2024 media kit is ready, and it is the right time to take stock – to emphasize your visibility and relevance to your customers and turn potential markets into conversations.

– Naresh Khanna

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