Konica Minolta 2000 Annual Report Download - page 4

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2KONICA
A Message from the President
In fiscal 2000, ended March 31, 2000, Konica
Corporation recorded consolidated net sales of
¥560.9 billion, down ¥23.4 billion from the previ-
ous fiscal year. The main reason for this decline
was the appreciation of the yen against both the
dollar and the euro, which had a ¥43.7 billion
impact on sales results.
In contrast, improvements in management effi-
ciency—achieved through the restructuring and
rationalization of domestic and overseas sales net-
works—and expansion into new business fields
led to a sharp turnaround in profits. Operating
income leapt 127.3%, to ¥33.1 billion, and net
income recovered, to ¥7.6 billion.
President Tomiji Uematsu discusses Konica’s
performance and outlines future plans.
Tomiji Uematsu
President and Chief Executive Officer