Konica Minolta 2001 Annual Report Download - page 5

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Konica Corporation/ Annual Report 200 1
3
the highly regarded Konica Inkjet
Paper Photolike QP.
Sales and operating income from
the business machines segment, which
is managed by the Offic e Document
Company, were heavily affected by the
exchange rate and saw drops in both
revenue and profit. The Optics
Tec hnology Company, which handles
products such as pickup lenses used
in CDs and DVDs, saw steady growth
overall but experienc ed a temporary
slowdown, mainly due to the rapid
cooling of the U.S. personal computer
market in the latter half of the year.
The Camera & Digital Imaging
Business Group, whic h markets
products such as cameras and digital
cameras, was affected by the
downturns in the film and camera
markets of Japan and Western
countries, whic h saw significant
decreases in both sales amounts and
volumes. On the other hand, digital
camera sales continued to grow,
centering largely on original
equipment manufac turing ( OEM)
supply.
Results of the Company’s
Medium-Term Business Plan
Before outlining the contents of our
new SAN Plan 2 0 0 4 medium-term
management plan and our future
strategies for growth, I would like
to review the polic ies Konica has
followed over the past several years.
Beginning in 1 9 98 , the Company
moved forward with two new medium-
term business initiatives, V Plan 2 0 0 0
AAA and SAN Plan 2 0 0 3 .
Our V Plan 200 0 AAA set the
basic approach for restructuring
our photographic materials segment,
with the goals of improving profits and
strengthening cash flow management
to reduce interest-bearing debt.
Guided by the plan, we succeeded
in raising our operating margin from
4 % in Marc h 19 9 8 to 5.6 % in
March 2 0 0 1 and in slashing interest-
bearing debt from ¥2 3 4 .3 billion to
¥ 1 8 1 .9 billion.
Meanwhile, the primary goal of SAN
Plan 2 0 0 3 was to boost corporate
value, guided by the key words Speed,
A lliance, and Network. The Speed
concept has been applied in all
operating areas by means of structural
reform. In June 1 9 9 9 , we implemented
new polic ies to refine our internal
company system, and in June 2 0 0 0
we introduced new management and
decision-making structures.
0
70
140
210
280
2001 2002
(Target)
200019991998
181.9
168.0
212.4
247.9
234.3
( ¥ billions)
Interest-Bearing Debt
Preside nt
Fumio Iwai