Konica Minolta 1999 Annual Report Download

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ANNUAL
REPORT
1999

Table of contents

  • Page 1
    ANNUAL REPO RT 1 9 9 9

  • Page 2
    ... diverse customer needs. The Company's product range includes photographic film and paper, photo-related industrial equipment, business machines, cameras, optical products, digital still cameras, and magnetic products. v Konica has reformed its organization to create an internal company system...

  • Page 3
    ... single-use camera in pursuit of superior image quality in flash photography. The camera's ISO 800 color film produces high-quality prints, and its camera parts are designed to be reused and recycled. New Product Highlights Konica Digital Minilab QD-21 System The Konica Digital Minilab QD-21 System...

  • Page 4
    ... medical diagnostic purposes. Konica continues to apply photographic and digital technologies to meet sophisticated medical diagnostic needs. Konica Revio Z3 The Konica Revio Z3 is the world's smallest APS camera with a 3X zoom lens. A sleek design and such features as an energy-efficient eco-flash...

  • Page 5
    ... Shareholders' equity ... 158,742 Note: U.S. dollar amounts above and elsewhere in this report are translated from yen, for convenience only, at the rate of ¥122=US$1, the approximate exchange rate prevailing at June 28, 1999. Net Sales (Billions of Yen) 584 578 584 Net Income (Billions of Yen...

  • Page 6
    ...Asia, a major destination for many export goods. Only the United continued to redefine the markets not only for copiers and other business products but also cameras and other consumer photographic products. v Despite such difficult condi- tions, Konica Corporation posted consolidated net sales of...

  • Page 7
    ... year, supported by solid performances of highspeed network digital copiers/ printers and other multifunctional office equipment. However, sales in the Photographic Materials and Photo-Related Industrial Equipment segment declined, owing to a dip in demand for color film, color paper, cameras, and...

  • Page 8
    ... Digital Minilab QD-21 System features the industry's fastest processing speeds. Konica is in the vanguard of digital imaging in the field of medical diagnostics, while its high-performance pick-up lenses for optical disk drives are supporting the development of next-generation multimedia equipment...

  • Page 9
    ...eet ing Tom orrow 's Needs Today Konica is raising the quality of life around the world through its innovative application of unique photographic-related technologies. Promoting transformation in the digital era and preserving the global environment are high priorities for Konica in the 21st century...

  • Page 10
    ... 111001011010100001000011011111010100000000010100000000 What Kin Digital prints Konica Digital Minilab QD-21 System Konica Digital Konsensus Konica Digital Still Camera Q-M200 Konica Direct Digitizer REGIUS Model 530...

  • Page 11
    ... the speed and quality of medical diagnoses. The Konica REGIUS series of direct digitizers converts X-ray images into digital data, and Konica Dry Laser imagers are environmentally sound products used to transfer images from such diagnostic equipment as CT and MRI units to film. The world of digital...

  • Page 12
    ... We're in Students at Konica's Youth Summit experience the joys of cultural exchange. Customer support services are provided through store networks in Japan and overseas. Konica Revio Konica Color CENTURIA series in ISO 100, 200, 400, and 800...

  • Page 13
    ... its cameras and photographic films and papers while expeditiously introducing such new hit products as single-use cameras and digital still cameras. Such popular products as the Konica Revio, which was the world's smallest and lightest advanced photo system (APS) camera with a 2X power zoom lens at...

  • Page 14
    ... Problems Konica's Environmental Symbol Since 1987, Konica has participated in activities to save the nearly extinct Japanese crane. Shock-absorbing packaging for the HEXAR The Konica 7060 received the Blue Angel Mark and met ENERGY STAR Program levels in 1997. KCI collects and recycles...

  • Page 15
    ... substances in cleaning processes in May 1993, well before the December 1995 deadline set in The Montreal Protocol in 1992. In fiscal 1999, we began full-scale "Green Purchasing" programs, thereby expanding the use of recycled materials. In addition, our Odawara manufacturing facility received an...

  • Page 16
    ... its lineup of REGIUS digital imaging equipment. In January 1999, Konica began marketing its highly acclaimed Konica CENTURIA series of color film throughout the world in a new unified packaging design. This move is intended to reinforce the market image of one of Konica's mainstay color films...

  • Page 17
    ... a 3X zoom lens, were strong in Europe and the United States. v Sales of heavy-duty cameras in the Konica Genba Kantoku Copiers and Facsimile Machines Competition in the market for copiers reached new heights, as makers responded to customer needs by releasing new high-speed digital copier/printer...

  • Page 18
    ...with the stagnant economies in Japan and elsewhere in Asia hampering sales of consumer products. Sales in the Business Machines segment climbed 7.6%, to ¥247.7 billion (US$2,030 million), with a strong performance by digital copiers and other office equipment supporting revenue growth. Gross profit...

  • Page 19
    ...high costs associated with business restructuring activities were the primary reason for this downturn. Consequently, Konica... use...and equipment ...KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES For the fiscal years ended March 31 Millions of yen 1999...075 9,530 2,119 ¥552,009 164,304 191,279 ¥ 5.9 10...

  • Page 20
    ... Sheets KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES March 31, 1999 and 1998 Millions of yen Thousands of U.S. dollars (Note 2) 1999 1998 1999 ASSETS Current Assets: Cash and cash equivalents...Â¥ 40,053 Marketable securities (Note 3) ...Trade receivables (Note 4): Notes...Accounts...Less...

  • Page 21
    ...,518 5,623 4,183 324,237 $1,001,738 220,500 318,533 469,451 190,787 15,008 90,237 2,306,254 26,901 38,861 57,273 23,276 1,831 11,009 281,363 Long-Term Liabilities: Long-term debt (Note 6) ...Reserve for employees' retirement allowances ...Other long-term liabilities... 98,769 27...

  • Page 22
    ...KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES For the fiscal years ended March 31, 1999 and 1998 Millions of yen Thousands of U.S. dollars (Note 2) 1999 1998 1999...(25,951) 412,164 40,967 (29,311...accounting for income taxes ...Appropriations: Cash dividends ...Bonuses to directors and corporate...

  • Page 23
    ...Acquisition of property, plant and equipment...(47,612) 3,806 334 7,267 (9,906) 1,009 Net cash used in investing activities ...(32,... Year ...¥40,053 Interest ...¥14,100 Income taxes...The accompanying Notes to Consolidated Financial Statements are an integral part of these statements. ¥10,477 ...

  • Page 24
    Segment Information KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES For the fiscal years ended March 31, 1999 and 1998 BY PRODUCT Millions of yen Photographic materials (Note 11) Business machines (Note 11) Total Elimination & corporate Consolidation 1999: Net sales Outside...Intersegment ...

  • Page 25
    ... 453,319 438,414 (152,631) (152,631) (148,531) ¥ (4,100) ¥ 40,436 Operating income ...¥ 14,905 Assets ...¥350,203 ¥53,511 Millions of yen Japan North America Europe Asia and Other Total Elimination & corporate Consolidation 1998: Net sales Outside ...¥353,794 Intersegment ...Total...

  • Page 26
    ..., entitled to a lump-sum retirement payment based upon the length of service and current salary at the time of retirement. The Company has funded pension plans with trust banks and insurance companies to cover a portion of retirement benefits payable to employees. It is the policy of the Company to...

  • Page 27
    ...taxes using the liability method, where deferred tax assets and liabilities are recognized for temporary differences between the tax basis of assets and their reported amounts in the financial statements. In accordance with generally accepted accounting standards for deferred tax accounting in Japan...

  • Page 28
    ... 31, 1999, property, plant and equipment amounting to ¥5,695 million (US$46,680 thousand) at net book value was pledged as collateral for long-term debt of ¥4,685 million (US$38,402 thousand). As is customary in Japan, long-term and short-term bank loans are made under general agreements which...

  • Page 29
    ... and others. The business machines segment includes plain-paper copiers, printers, facsimile machines, cameras, optical products and others. Depreciation is based on the straight-line method over the lease terms of the lease assets. The scheduled maturities of future lease rental payments on such...

  • Page 30
    ... of Independent Certified Public Accountants KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES To: The Board of Directors of KONICA CORPORATION We have audited the accompanying consolidated balance sheets of KONICA CORPORATION and its subsidiaries as of March 31, 1999 and 1998, and the related...

  • Page 31
    ... Chuo Audit Corporation Transfer Agent for Common Stock The Toyo Trust and Banking Co., Ltd., 4-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-0005, Japan Products Consumer Imaging Products: Color photographic film and paper, black-and-white film and paper, photofinishing equipment and chemicals...

  • Page 32
    ... Marketing Corporation Konica Medical Inc. Kyoritsu Medical Electric Co., Ltd. Konica Color Photo Equipment Co., Ltd. Konica Business Machines Japan Co., Ltd. Nihon ID System Co., Ltd. Konica Logistics Co., Ltd. Konica Meditech Service Corporation Konica Sogo Service Co., Ltd. Konica Engineering...

  • Page 33
    ... Deutschland GmbH Frankenstrasse 7, 20097 Hamburg, Germany Tel: 040-23602-0 Konica Business Machines Europe GmbH Lilienthalstrasse 1, 21337 Lüneburg, Germany Tel: 04131-8860 Konica Graphic Imaging Europe GmbH Kettelerstrasse 24, 63512 Hainburg, Germany Tel: 06182-7790 Konica France S.A. Paris...

  • Page 34
    9909IL This report is printed in Japan on recycled paper.