Konica Minolta 2007 Annual Report Download - page 22

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20
Optics
High sales growth was recorded in all business areas
centering on TAC film and glass substrates for hard disks, and a recovery in the optical pickup lenses for memory devices also
contributed to the profit increase.
For the fiscal year ended March 2007, the first half saw strong sales growth for highly functional products in the display materials
business. In more detail, strong sales growth was recorded for LCD-use TAC film as well as viewing angle expansion film supported by
growing demand for large screen LCD TVs. From the second half, although customer inventory adjustments and a changeover to new
products had a negative effect on unit shipments, a sales increase was recorded for the full fiscal year. This notwithstanding, a new
fourth production line began operating in September 2006 to cope with increased demand, which expanded Konica Minolta’s TAC film
production capacity to 120 million square meters a year, and provided a boost to sales. Moreover, we began construction of a fifth
production line that is scheduled to begin operating from the fall of 2007.
In the optical pickup lens business, our main pickup lens products for current generation DVDs were negatively affected by customer
inventory adjustments in the first half. However, memory-related pickup lens products emerged from a period of inventory adjustments,
and sales recovered driven by our main object lens products.
Net Sales
(Billions of Yen)
2004 2005 2006 2007
85.8 91.7
110.4
Operating Income
(Billions of Yen)
0
40
80
120
160
2004 2005 2006 2007
15.3 16.0
17.6
139.0 21.0
0
6
12
18
24