Konica Minolta 2015 Annual Report Download - page 50

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Business Results
Industrial Business
Performance
materials
Polarizing plate protection film for flat panel displays
• Amid an increasing trend towards larger screen sizes, VA-TAC films for LCD
televisions are showing strong sales.
• Supported by greater smartphone demand, sales of thin TAC films for small-
and medium-sized panels continued to do well.
New business areas
• We launched a new window film product.
• We provided OLED lighting for theme park illumination. Mass production is
set to begin in the fall.
Revenue Main Achievements in Fiscal 2014
• Fiscal 2014 business results and fiscal 2015 forecast
In the field of performance materials, sales of TAC
(triacetylcellulose) film, which is used as protective film for LCD
polarizers and is a core product of the Company, are being
supported by strong sales of large LCD TVs and smartphones.
Sales were strong for both applications involving large panels and
small- to medium-sized panels. Among these, VA-TAC films that
achieve increased viewing angle, ultra-thin films, and other such
products that enable thinner mobile devices also saw robust sales.
Konica Minolta has established its new OLED lighting
business as a driver of future growth, and in the fall of 2014 we
began operations at the world’s first plant engaged in the mass
production of plastic substrate flexible OLED lighting panels. These
panels were used for an outdoor illumination at a prominent
Japanese theme park in December, showing an example of how
Market environment (opportunities and
challenges)
• In the displays market, demand for televisions and
smartphones continues to grow. Including demand for
higher definition products and outdoor applications,
needs will increasingly diversify.
• There is a continued trend towards larger TV screens
and TV screens of higher definition. High-definition
technologies using quantum dots are now hitting the
market.
• There is a growing demand for small- and medium-
sized displays in completely new applications,
including wearable devices and free-form displays.
• Even in fields unrelated to displays, consumers are
also looking for products equipped with various
functions that include heat insulating, UV ray reducing,
and anti-fogging capabilities.
Strengths and strategies
• In the field of displays, we are developing products that apply
TAC technologies and expertise. This includes QWP films
that enable sharper image recognition by emulating
unpolarized light when wearing polarizing sunglasses
outdoors, hence improving customer productivity, and the
quantum dot barrier films that allow visual displays to show
high-definition content.
• It is an advantage that Konica Minolta’s technologies and
expertise can be utilized for these products enhanced by our
distinguished TAC technology. There are, moreover, other
strengths such as the low costs, high quality, high
productivity, and speed of manufacture enabled by the ability
to use our existing production equipment and supply chain.
• We are also making steady progress towards
commercializing products in fields unrelated to displays,
including window films for automobiles.
(Billions of yen)
60.960.9 60.0
58.3
Revenue
80
60
40
20
0
(FY)
2013 2014 2016
(plan*)
J-GAAP IFRS
Sales in the performance
materials field
Polarizing plate protection
film market trends and
forecasts
* Base index: FY2013=100
(CY
)
(Unit: 100 Mm
2)
2013 2015
(forecast)
2014
8.6 9.8 10.0
+13%+3%
100 105
(FY)
2013 2015
(forecast)
2014
106
* Figures published in May, 2014
* Konica Minolta data
49
KONICA MINOLTA, INC. Annual Report 2015
Foundation for GrowthBusiness StrategiesGrowth StrategyCompany Overview and Characteristics Financial Report