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Konica Minolta Lowers Profit Forecast for FY 2022, Now Expects Biggest Losses Ever

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It is happening again. Roughly one year ago, shortly before announcing its FY 2021 results, Konica Minolta drastically lowered its full-year forecast because it was taking impairment losses of ¥10.9 billion (*U.S. $82.1 million) (see “Konica Minolta Slashes FY 2021 Forecast, Expects Big Losses”). FY 2021 was supposed to have been a year in which the company

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