On May 10, Konica Minolta announced financial results for the fiscal year ended March 31, 2013. In the fourth quarter, Konica Minolta saw 13.4 percent year-over-year growth in net sales to ¥235.3 billion ($2.3 billion*), up from ¥207.5 billion in the year prior. Operating income in Q4, however, shrank 20.5 percent year-over-year, falling from ¥17.0