Konica Minolta 2000 Annual Report Download - page 6

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4KONICA
Alliances are a strategy that we will pursue to achieve our goal
of developing best-in-field products and businesses. In April
2000, we formed a tie-up with Minolta Co., Ltd., that will focus
on technological cooperation in the area of digital copiers and
copier supplies. Improved cost efficiencies and strengthened
R&D capabilities will significantly enhance our prospects in
the strategic digital copier/printer market.
Inkjet printing products, electronics materials, and optics
technology products are three business fields in which we
plan to invest aggressively and build new business pillars.
At the same time, in our existing core businesses we will
promote the transition to products suitable for use in digi-
tally networked environments.
Specifically, we intend to raise profitability by increasing
sales of consumable input and 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.
Increasing free cash flow remains a high priority under SAN
2003. In fiscal 2000, our consolidated free cash flow improved
dramatically, to ¥50 billion. While creating more streamlined
operations, we are also intent on securing fund resources to
support aggressive investment in new production capacity
and R&D. We have established six project teams to study
various ways in which we can lower our consolidated interest-
bearing debt, which we plan to reduce to ¥200.00 billion, from
¥212.4 billion, by the end of the current fiscal year.
At the completion of SAN 2003, in March 2004, we aim to
have consolidated net income of ¥20 billion, a return on equity
(ROE) of 10%, and a higher credit rating. Needless to say, these
targets may be revised in light of the market’s consensus of
Konica’s performance.
A MESSAGE FROM THE PRESIDENT
2000 2004
Net Sales 560.9 750.0
Net Income 7.6 20.0
Free Cash Flow 50.0 50.0
for 1 year for 4 years
Interest-Bearing Debt 212.4
less than
200
ROE (%) 4.7 10.0
Consolidated Results/Targets
March 31 Billions of yen