Konica Minolta 2009 Annual Report Download - page 3

2003 2006 2007 2008
1
Corporate Value
Management Capability Konica Minolta focuses relentlessly on selection
and concentration to profitably allocate management resources
rationally and swiftly. Group management and the respective operating
companies form a compact and nimble management team that allows
for faster decision making. Under its aggressive genre-top strategy, it
has built top-class market shares in many products, including color
multi-functional peripherals (MFPs) in Europe and the United States,
retardation film (VA-TAC film) for large-size LCD televisions, and
optical pickup lenses.
Synergies
K onica and Minolta decided to
combine their strengths and cre-
ate synergies to take advantage of
advances in digital networking and
diversifying customer requirements.
Management has built new value
through the merger by bringing
together and refining core com-
petencies while bolstering com-
petitiveness and profitability to
maximize corporate value.
Selection and Concentration
K onica Minolta practices management
selection and concentration as it seeks
to respond with alacrity to changes in
the market environment. For example,
we made the decision to discontinue
our camera and photography business,
and concluded all business activities
at the end of September 2007. We
decided to withdraw from this business,
as the silver-halide photography market
was rapidly losing ground in the face
of ongoing digitization. Similarly, we
discontinued production involving
graphic arts film products as of the
end of March 2009, as digitization was
causing profitability in this area to fall.
By focusing our management
resources on growth fields, we will
become more competitive and further
enhance our corporate value.
Alliance and M&A
A iming for growth with a sense of
speed and driven by our genre-top
strategy, we aim to strengthen our
business with an effective business
alliance and M&A strategy. Konica
Minolta formed a business alliance
with Océ N.V. (Océ), which has unique
and innovative technologies in the
production printing field. We also
acquired leading dealers in the North
American region like Danka Office
Imaging Company (DOIC), which
offers an extensive region-wide MFP
sales and support network. Further,
in March 2007, we formed a strategic
alliance with General Electric Company
(GE) of the United States in organic
electro luminescence diode (OLED)
lighting, which has great promise in
the environment and energy field.
Management Capability