The company has released its fourth quarter and FY 2022 financial results.
Konica Minolta reported revenue of ¥1,130.4 billion ($8.3 billion/ €7.6 billion), a year-on-year increase of 24%.
For the Digital Workplace segment, revenue for FY2022 was ¥600.3 billion ($4.4 billion/ €4.1 billion), a 29% increase year-on-year. The company said that it has eliminated order back logs by reinforcing manufacturing capacity.
Looking forward to FY2023, Konica Minolta forecasts revenues of ¥1,140 billion ($8.4 billion/ €7.7 billion), a 1% increase. The company said it is looking to invest for growth, “prioritising and allocating CAPEX, R&D expenses and investment to strengthening businesses.”
