The company has released its latest consolidated financial results for the third quarter which ended 31 December 2020.
During the third quarter, performance recovered from -28% year-on-year to -8% in the third quarter. Revenue for the third quarter FY2020 was recorded as ¥230.2 billion ($2.19 billion/ €1.82 billion). Konica Minolta’s Digital workplace business segment which includes MFPs and IT services recorded revenues of ¥125 billion ($1.19 billion/ €988.8 million) a year-on-year decrease of 10%. Konica Minolta said that as expected within the digital workplace segment, new product sales grew with a focus on the key market of Europe.
In its predictions for the fourth quarter, the company said that it expects print volume will be bout 90% year-on-year in Q4, in FY21 Konica Minolta expects print volumes will reach 90% relative to FY19 annually, after which it will decline at an annual rate of 3 – 4%. Work from home will continue at a rate about midway between pre-COVID-19 and the lockdown period. The company said that it expects demand for automation and computerization of documents and operations to expand.
Previous financial forecasts have remained unchanged.
