Konica Minolta 2011 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2011 Konica Minolta annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 29

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29

In terms of consolidated operating results for FY March 2011, performance was notably impacted by a strong yen,
as well as protracted supply-chain adjustments. Consequently, consolidated net sales declined 3.3% year on year
to ¥777.9 billion. Operating income, meanwhile, was down 9.0% to ¥40.0 billion, falling despite efforts to reduce
costs, improve productivity, and curb operating expenses. The lower sales and earnings notwithstanding, we
implemented a range of measures to promote future Group growth, and there are strong indications that these
measures are effective.
In April 2011, the Konica Minolta Group launched “G PLAN 2013,” a medium-term business plan in which the
keyword is “growth,” and that emphasizes sustained growth into the future. The basic policy, 3 Challenges, of the
plan, set to run from FY March 2012 to FY March 2014, are “Expanding the scale by achieving growth,” “Changing
into a “Global Company”,” and “Increasing the recognition of the Konica Minolta brand.” Moreover, in conjunction
with “G Plan 2013,” we have developed a new communication message: “Giving Shape to Ideas.” The message
clearly expresses our strong determination as a company to know what people are thinking, see business needs
from the customer's point of view and to execute on these wishes and turn them into reality. Under this message,
all employees including myself will work to connect responsible action on an individual basis to achieve growth as
outlined in “G PLAN 2013.” In doing so, we aim to build a company valued by people around the world for its
strong, sustainable growth.
To our shareholders and other investors, I ask for your further support and encouragement of Konica Minolta as we
take our operations forward.
September 2011
President and CEO
Masatoshi Matsuzaki
Management Message
KONICA MINOLTA HOLDINGS, INC. 2 ANNUAL REPORT 2011