Konica Minolta’s Sales and Profit Decline in Q1 Following Earthquake

As July came to a close, Konica Minolta announced its financial results for the first quarter, ended June 30, 2011. Sales and income decreased year-over-year. Konica Minolta also released its forecast for the first half of the fiscal year, which shows a strong impact from the earthquake and other factors and indicates the firm has a long way to go to meet its full-year forecast. Konica Minolta’s share price has been trading lower on the Tokyo Stock Exchange.

 

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Tags: disaster and recovery, financial results, Konica Minolta, manufacturing capacity, product shortages