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


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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