Konica Minolta (4902) Q2 2026 earnings summary

Executive summary

• Revenue for the first six months of FY2025 decreased 8% year-over-year to ¥513.2 billion, mainly due to foreign exchange effects, business selection and concentration, and lower office revenue.

• Operating profit improved significantly to ¥23.0 billion from a loss of ¥1.0 billion in the prior year, driven by structural reforms, cost reductions, and the absence of one-time expenses.

• Profit attributable to owners of the company rose to ¥22.6 billion from a loss of ¥10.7 billion, aided by improved finance income, tax rates, valuation gain on Tempus AI shares, and gains from discontinued operations.

• Free cash flow was ¥11.9 billion, impacted by increased working capital and property purchases, down from ¥16.7 billion in the prior year.

Financial highlights

• Gross profit margin increased by 0.9 points to 44.5% year-over-year, with gross profit at ¥228.1 billion.

• Business contribution profit rose 46% year-over-year to ¥23.8 billion, with margin improvement from cost controls.

• EPS turned positive at ¥45.76 compared to a loss of ¥21.66 in the prior year.

• Total assets decreased to ¥1,191.6 billion, while equity attributable to owners rose to ¥495.7 billion, improving the equity ratio to 41.6%.

Outlook and guidance

• Full-year revenue forecast maintained at ¥1,050.0 billion, with business contribution profit raised to ¥54.0 billion and profit attributable to owners of the company increased to ¥27.0 billion.

• ROE target for FY25 is 5.2%, with a medium-term goal of 8% or more.

• Dividend forecast is ¥10 per share.

• Basic earnings per share forecast is ¥54.64.