Konica Minolta 2000 Annual Report Download

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KONICA—On the Move

Table of contents

  • Page 1
    KONICA-On the Move

  • Page 2
    ... includes photographic film and paper, photo-related industrial equipment, business machines, cameras, optical products, digital still cameras, and magnetic products. Konica has reorganized its organization to create an internal company system that delineates spheres of management responsibility and...

  • Page 3
    ... 143,250 71,851 284,852 289,091 Note: U.S. dollar amounts above and elsewhere in this report are translated from yen, for convenience only, at the rate of ¥106.15=US$1, the approximate exchange rate prevailing at March 31, 2000. Net Sales (Billions of yen) 584 578 584 Net Income (Billions of yen...

  • Page 4
    A Message from the President In fiscal 2000, ended March 31, 2000, Konica Corporation recorded consolidated net sales of ¥560.9 billion...sales networks-and expansion into new business fields led to a sharp turnaround in profits. Operating Tomiji Uematsu President and Chief Executive Officer income ...

  • Page 5
    ... consumer- and office-use digital products. Our high-speed digital copier/printers-in which we are building an unrivaled reputation for efficiency in networked offices- and the Konica Digital Minilab QD-21 Plus System, a digital minilab that is revolutionizing the photofinishing business, are two...

  • Page 6
    ... output materials for digital equipment. We will also utilize our superior photographic and chemical technologies to expand our shares of the markets for copier supplies, inkjet ink and paper, and aspherical plastic lenses. Consolidated Results/Targets March 31 Billions of yen 2000 2004 Net Sales...

  • Page 7
    ... In the United States, which leads the world in office networking, we are focusing on high-growth digital products and leveraging our expertise to capture larger shares of particular business segments. In growing Asian markets, where we have high HOW WILL YOU BENEFIT FROM THIS ORGANIZATIONAL CHANGE...

  • Page 8
    ... chemicals. Most recently, in February 2000, the Japan Environment Association (JEA) awarded its Eco mark to our digital copiers in recognition of their meeting international environmental standards. In June 2000, we introduced environmental accounting standards to quantify the results of...

  • Page 9
    ... Imaging Solutions in the Digital Age Under SAN 2003, Konica is reforming its business to meet the needs of consumers with an ever-increasing wealth of information at its disposal. The words Speed, Alliance, and Network have been chosen because they best represent the qualities of solutions...

  • Page 10
    ... toward the electronic processing and distribution of photographs gathers speed. In the field of office equipment, Konica is making adjustments to its production network to meet the global demand for digital machines. In addition to the popular high-speed digital copiers manufactured in Japan, in...

  • Page 11
    ... aims to increase the percentage of sales accounted for by digital products from the current level of approximately 30%, to 70%. Konica Digital Medical Imaging System 2000 Server Reception Visical (Filing) Work Station CT REGIUS MRI DICOM Imager Print Link (Interface) Laser Imager KONICA 9

  • Page 12
    ... spring of 2001. In response to the surging popularity of digital imaging color prints, Konica expanded its production capacity for well-accepted, high-quality glossy inkjet paper fourfold during fiscal 2000. In addition to Konica brand paper, the Company began supplying glossy inkjet paper to major...

  • Page 13
    ...that prints digitally processed designs directly onto textiles is now recognized as the perfect system for small-lot printing among textiles and apparel-related markets. Konica started OEM shipments of the system in 1999 and will sell it under the Konica brand in Europe and the United States in 2000...

  • Page 14
    ..., to ¥18.2 billion. Konica Color CENTURIA series Business Machines, Cameras, and Optical Products (Office Document Company, Optics Technology Company, Camera and Digital Photo Group) Sales in this segment fell 3% from the previous fiscal year, to ¥239.8 billion, and accounted for 42.8% of total...

  • Page 15
    ... fiscal 2000. Konica Direct Digitizer REGIUS Model 150 for film-in camera picture quality, by expanding marketing channels. Sales of photographic film and paper in the United States increased 22% during fiscal 2000, and Konica Photo Imaging, Inc., returned to profitability. Sales in Europe and...

  • Page 16
    ...contract to supply printers on an OEM basis led to a decline in office equipment sales. Konica strengthened its series of highspeed copier/printers by introducing the Konica 7075 and Konica 7065 digital input/output system (DI/OS) machines. These systems include a number of high-value-added features...

  • Page 17
    ... of APS cameras was expanded by the addition of the Konica Revio Z3. Featuring the same sleek design as earlier Konica Revio models, the Konica Revio Z3 includes a 3x zoom lens, a flash management function- which can save up to 50% on battery power-and a unique self-portrait mode, Optics Technology...

  • Page 18
    ...: Consumer Imaging Company, Medical and Graphic Company, Inkjet Business Group, and EM and ID Business Group (grouped as the Photographic Materials and Photo-Related Industrial Equipment segment); and Office Document Company, Optics Technology Company, and Camera and Digital Photo Group (grouped...

  • Page 19
    ...of the cancellation of an OEM contract to supply printers. Konica boosted sales of business machines in the United States and maintained its leading share of the market for high-speed digital copiers. By geographic region, sales in Japan increased ¥4.1 billion, or 1.2%, to ¥332.6 billion. Overseas...

  • Page 20
    ... sales of marketable securities, more...billion, as a result of the transfer of debt to current liabilities. Total...accounts payable, to ¥14.0 billion. Konica spent ¥23.0 billion for the acquisition of property, plant and equipment during the fiscal year, primarily to strengthen its production network...

  • Page 21
    Six-Year Summary KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES For the fiscal years ended March 31 Millions of yen 2000 1999 1998 1997 1996 1995 For the Year: Net sales ...¥560,900 ...25,211 15,984 5,501 ¥578,081 26,165 16,205 4,541 ¥505,349 19,075 9,530 2,119 ¥517,601 18,453 8,214 3,843...

  • Page 22
    ... Balance Sheets KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES March 31, 2000 and 1999 Millions of yen Thousands of U.S. dollars (Note 2) 2000 1999 2000 ASSETS Current Assets: Cash and cash equivalents...Â¥ 55,022 Marketable securities (Note 4)...Notes and accounts receivable-trade...

  • Page 23
    ... U.S. dollars (Note 2) 2000 1999 2000 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Short-term loans (Note 6)...Â¥ 94,722 Current portion of long-term debt (Note 6) ...Notes and accounts payable-trade (Note 5) ...363 $ 892,341 376,684 794,187 313,877 29,016 161,630 2,567,763 KONICA 21

  • Page 24
    ...KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES For the fiscal years ended March 31, 2000 and 1999 Millions of yen Thousands of U.S. dollars (Note 2) 2000 1999 2000... change in accounting for income taxes ...Appropriations: Cash dividends...Bonuses to directors and corporate auditors ...Decrease...

  • Page 25
    Consolidated Statements of Cash Flows KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES For the fiscal years ended March 31, 2000 and 1999 Millions of yen Thousands of U.S. dollars (Note 2) 2000 1999 2000 Cash Flows from Operating Activities: Income (loss) before provision for income taxes ...

  • Page 26
    ... charged or credited to income. (h) Retirement Plans Employees of the Company are, under normal circumstances, 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...

  • Page 27
    ...retirement benefits, the past service cost of which is being amortized over a period of 20 years. Employees of consolidated domestic subsidiaries are generally covered by unfunded retirement... of readers outside Japan. The rate of ¥106.15=US$1, the rate of exchange on March 31, 2000, has been used...

  • Page 28
    ...recognized ...- 122.7 Valuation allowance...- (16.1) Effect of tax-rate change ...- (40.8) Inventories, etc...- (35.5) Other, net ...(2.2) (7.8) Effective tax rate ...39.9 70.2 ...Â¥151,614 The annual maturities of long-term loans as of March 31, 2000 are as follows: Years ending March 31 Millions...

  • Page 29
    ...reported in accordance with the requirements of the MOF. The photographic materials segment includes photographic film, photographic paper, photofinishing equipment and chemicals, videotapes and others. The business machines segment includes plain-paper copiers, printers, facsimile machines, cameras...

  • Page 30
    Segment Information KONICA CORPORATION AND CONSOLIDATED SUBSIDIARIES For the fiscal years ended March 31, 2000 and 1999 BY PRODUCT Millions of yen Photographic materials Business machines Total Elimination & corporate Consolidation 2000: Net sales Outside...Intersegment...Total...Operating ...

  • Page 31
    ... Japan North America Europe Asia and Other Total Elimination & corporate Consolidation...Japan North America Europe Asia and Other Total Elimination & corporate Consolidation 2000...sales 2000: Sales to North America...Europe...Asia and Other ...1999: Sales to North America...Europe...Asia...

  • Page 32
    Report 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 consolidated subsidiaries as of March 31, 2000 and 1999, ...

  • Page 33
    ..., black-and-white film and paper, inkjet media, photofinishing equipment and chemicals, etc. Cameras and Digital Imaging Products: Compact 35mm cameras, digital still cameras, etc. Business Equipment: Plain-paper copiers, full-color copiers, facsimile machines, color laser printers, etc. Medical...

  • Page 34
    ...Charles Street, Glen Cove, NY 11542-2837, U.S.A. Tel: 516-674-2500 Konica Business Technologies, Inc. 500 Day Hill Road, Windsor, CT 06095, U.S.A. Tel: 860-683-2222 Digitec Office Products, Inc. 2064 East University Dr., Compton, CA 90220, U.S.A. Tel: 800-934-2679 Albin Industries, Inc. P.O. Box 346...

  • Page 35
    ..., Feltham, Middlesex TW13 7HD, U.K. Tel: 020-8751-6121 Konica Business Machines (U.K.) Ltd. Konica House, Miles Gray Road, Basildon, Essex SS14 3AR, U.K. Tel: 1268-53-4444 Konica Peter Llewellyn Ltd. 11-12 De La Beche Street, Swansea SA1 3EZ, U.K. Tel: 1792-466136 Konica East Direct Ltd. Unit...

  • Page 36
    0009IY This report is printed in Japan on recycled paper.