Konica Minolta 2008 Annual Report Download - page 14

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11
FORWARD 08 Progressing Well
We started a new growth phase with our FORWARD 08 medium-term management plan. In the fiscal year ended March 2008, we
reached the consolidated earnings targets of this three-year initiative a year ahead of schedule.
Sales of our core Business Technologies business advanced 6.4%, to ¥701.0 billion, with operating income climbing 12.6%, to ¥90.1
billion. Optics business sales were up 31.2%, to ¥182.3 billion; operating income gained 48.8%, to ¥31.3 billion.
As a result, consolidated net sales for the period under review came to ¥1,071.6 billion, up 4.3% year on year despite the ¥47.8
billion negative impact on sales from our exit from the Photo Imaging business. Consequently, we posted operating income of ¥119.6
billion, up 15.0% year on year and a record high for the third consecutive period.
Genre-Top Strategy Bears Fruit
As part of FORWARD 08, which we announced in May 2006, we have deployed groupwide operations that harness our genre-top
strategy. This strategy entails concentrating management resources on potential growth markets and business fields to boost our
competitiveness, achieving greater growth than our competitors and earning a top position in the market.
Genre-top priorities in the Business Technologies business are color multi-functional peripherals (MFPs) for general office use and
production printing models. We have reinforced our capabilities in these areas, which have excellent growth potential. We differentiated
ourselves from the outset by equipping our offerings with tandem engines and accumulated production technologies, thus winning top
marks from customers for consistent quality. At the same time, we have optimally sited production while stepping up local procurement
to hone our cost-competitiveness.
Image quality is a key differentiator, and we were accordingly swift to employ polymerized toner across our color and production
printing lineups. We are constantly refining our polymerized toner technologies as we pursue world-class performance in terms of
low-temperature fusing, color reproduction, and minimal environmental impact. On top of that, we have upgraded manufacturing
facilities to achieve industry-leading toner production capacity.
11
To Our Shareholders