Konica Minolta, Inc. · TSE:4902
Konica Minolta — Q2 FY2026 Earnings Presentation
34 slides from Konica Minolta's earnings presentation, Nov 5, 2026
Slide 1: 2nd Quarter/FY2026 Consolidated Financial Results
Konica Minolta, Inc. 2nd Quarter/FY2026 ending in March 2027 Consolidated Financial Results Toshimitsu Taiko President and CEO, Representative Executive Officer Six months (6M): April 1, 2026 – September 30, 2026 - Announced on November 5, 2026 - © KONICA MINOLTA
Slide 2: FY2026 6M Performance Overview
FY2026 6M PERFORMANCE OVERVIEW © KONICA MINOLTA
Slide 3: FY2026 6M Performance | Summary
FY2026 6M Performance | Summary FY25 FY26 YoY Tariff [¥ billions] YoY 6M 6M excluding FX refund Revenue 513.2 530.4 +17.3 +3% -21.5 -4% Gross profit 228.2 250.8 +22.6 +10% +0.9 +0% 11.9 Gross profit ratio 44.5% 47.3% +2.8 pt SG&A 204.3 224.4 +20.1 +10% +6.5 +3% SG&A ratio 39.8% 42.3% +2.5 pt Busines
Slide 4: Summary – Main Factors
FY2026 6M Performance | Summary – Main Factors [¥ billions] YoY Main Factors +: Positive Factors, –: Negative Factors +: FX (38.7), Industry (3.8) Revenue +17.3 –: Decrease due to business selection and concentration (12.7), Digital Workplace (11.8) +: FX (21.7), U.S. tariff refund (11.9) Gross prof
Slide 5: Factors behind Changes in Business Contribution Profit
FY2026 6M Performance | Factors behind Changes in Business Contribution Profit ⚫ Digital Workplace ⚫ Digital Workplace Business Selection and concentration -0.5 Impact of U.S. tariffs: +10.3 billion yen Sales and others -4.8 Business Selection and concentration +0.4 SG&A expenses -4.2 ⚫ Tariff refun
Slide 6: Revenue & Profit by Segment
FY2026 6M Performance | Revenue & Profit by Segment [¥ billions] YoY Revenue FY25 6M FY26 6M YoY FY25 Q2 excluding FX Digital Workplace 289.4 300.0 +10.6 +4% -13.5 -5% Professional Print 123.8 121.7 -2.1 -2% -11.6 -9% Industry 59.3 66.2 +6.8 +12% +3.8 +6% Imaging Solutions 40.3 42.2 +1.9 +5% +0.0 +0
Slide 7: FY2026 6M Performance | Industry
FY2026 6M Performance | Industry Factors behind changes (including FX) FY25 FY26 Revenue [¥ billions] YoY 6M 6M + Light source color: Increased customer capital investment Revenue 59.3 66.2 +6.8 + Object color: Steady sales of software and services + HSI: Steady orders of applications such as minera
Slide 8: FY2026 6M Performance | Digital Workplace
FY2026 6M Performance | Digital Workplace Factors behind changes (including FX) [Revenue] FY26 6M Excluding FX FY26 Q2 Excluding FX Revenue Hard +1％ -7% -2% -9% FY25 FY26 Non-hard +5％ -3% +2% -4％ [¥ billions] YoY 6M 6M -6% in 6M and -5% in Q2, excluding revenue for other companies’ brand and the FX
Slide 9: FY2026 6M Performance | Professional Print
FY2026 6M Performance | Professional Print Factors behind changes (including FX) [Revenue] FY26 6M Excluding FX FY26 Q2 Excluding FX Revenue Hard -1％ -9% -2% -9% FY25 FY26 Non-hard +11％ +2% +9% +2％ [¥ billions] YoY 6M 6M [Revenue] Revenue 112.7 +9.0 − Hard: FX (+) (Change %) +8% Europe, U.S., and Ch
Slide 10: FY2026 6M Performance | Imaging Solutions
FY2026 6M Performance | Imaging Solutions Factors behind changes (including FX) FY25 FY26 [¥ billions] YoY Revenue 6M 6M Revenue 40.3 42.2 +1.9 + FX (Change %) +5% + DR: For partner brands, India and Japan (+), Asia ( –) Dynamic Digital Radiography: U.S., China, Europe and India (+) Healthcare − Thi
Slide 11: Balance Sheet Position (vs. End of FY2025)
Strengthening the Financial Structure | Balance Sheet Position (vs. End of FY2025) [¥ billions] End of End of Change Details Mar 2026 Sep 2026 Cash and cash equivalents 110.8 97.4 -13.4 Trade and other receivables 316.6 293.0 -23.7 Decrease mainly in the Business Technologies Business and Healthcare
Slide 12: Strengthening the Financial Structure | FCF
Strengthening the Financial Structure | FCF Generated cash flow through improvements in working capital and reduced interest-bearing liabilities using proceeds from the sale of Tempus AI shares [¥ billions] FY25 6M FY26 6M FY25 6M FY26 FY25 6M Profit (loss) before tax 20.0 18.6 Increase (decrease) I
Slide 13: Earnings Forecast
FY2026 EARNINGS FORECAST © KONICA MINOLTA
Slide 14: Earnings Forecast | Summary – Upward Revision
FY2026 Earnings Forecast | Summary – Upward Revision ⚫ U.S. tariff refunds and strong performance in the Industry Business ⚫ Profit growth driven by the benefits of a lower tax rate and income from discontinued operations ⚫ Deterioration in the business environment, including rising component costs
Slide 15: Earnings Forecast
FY2026 Earnings Forecast FY26 FY25 Revenue FY25 Results Change [¥billions] Previous Forecast Forecast Digital Workplace *1 614.3 619.0 627.0 +8.0 Professional Print 255.2 258.0 264.0 +6.0 Industry*1 127.5 136.0 139.0 +3.0 Imaging Solutions*1 90.0 92.0 91.0 -1.0 Corporate, etc. 0.8 0.0 0.0 - Company
Slide 16: Medium-term Business Plan: Building the Foundation for Long-term Growth
MEDIUM-TERM BUSINESS PLAN BUILDING THE FOUNDATION FOR LONG TERM GROWTH © KONICA MINOLTA
Slide 17: Promoting the Use of AI | Progress on Initiatives
Promoting the Use of AI | Progress on Initiatives From individual AI use to business process transformation that delivers results Expanding Use In Practice Organizational Outcomes Deploying multiple AI technologies across the AI agents empower frontline decision-making and Driving the transformation
Slide 18: Promoting the Use of AI | Case Studies: Sales and Service
Promoting the Use of AI | Case Studies: Sales and Service Using AI to drive top-line growth, improve gross profit, and increase sales productivity per employee Implemented globally Expanding the scope to deliver further impact CASE 1: Sales CASE 2: Sales CASE 3: Service Japan Europe and the U.S. Glo
Slide 19: Promoting the Use of AI | Case Studies: Back Office (Japan)
Promoting the Use of AI | Case Studies: Back Office (Japan) Corporate operations transformation Examples in Japan: Targeting 70% of operations to be AI-enabled Conducting an AI-BPR trial CASE 1 CASE 2 CASE 3 AI-powered sorting of AI-powered creation of Using AI to review voucher invoices for company
Slide 20: Building the Foundation for Long-term Growth
Medium-term Business Plan | Building the Foundation for Long-term Growth Business process transformation leveraging AI and digital technologies Initiatives ⚫ Eliminating reliance on individual expertise by eliminating duplication and redundancy and by standardizing operations ⚫ Allocating resources
Slide 21: Progress on Growth Drivers and Growth Seeds
Medium-term Business Plan | Progress on Growth Drivers and Growth Seeds Optical Components for Semiconductor Inspection Equipment Intelligent Recycled Materials Production capacity expansion is proceeding as planned Shipping mass-production samples from MJ Materials’ The pipeline is expanding, inclu
Slide 22: Appendix
APPENDIX Some materials previously disclosed in this presentation are now available on our website. Please download them from the link below. https://www.konicaminolta.com/shared/changeable/investors/include/fr/pdf/ 2027/2027_2q_presentation_supplementary.xlsx © KONICA MINOLTA
Slide 23: Changes in Segment Information due to Organizational Changes
Changes in Segment Information due to Organizational Changes FY25 FY26 ◼ Sensing ◼ Sensing ◼ Performance materials (including gas monitoring solutions) Industry Business ◼ Optical components Industry Business ◼ Performance materials ◼ Inkjet components ◼ Optical components ◼ Inkjet components Profes
Slide 24: FY2026 6M Performance | Summary
FY2026 6M Performance | Summary FY25 FY26 YoY Tariff FY25 FY26 YoY Tariff [¥ billions] YoY YoY 6M 6M excluding FX refund Q2 Q2 excluding FX refund Revenue 513.2 530.4 +17.3 +3% -21.5 -4% 262.0 271.9 +9.9 +4% -6.7 -3% Gross profit 228.2 250.8 +22.6 +10% +0.9 +0% 11.9 117.9 126.7 +8.8 +7% -0.1 -0% 4.5
Slide 25: FY2026 6M Performance | Overview
FY2026 6M Performance | Overview [¥ billions] FY25 6M FY26 6M YoY FY25 Q2 FY26 Q2 YoY Revenue 513.2 530.4 +17.3 +3% 262.0 271.9 +9.9 +4% Gross profit 228.2 250.8 +22.6 +10% 117.9 126.7 +8.8 +7% Gross profit ratio 44.5% 47.3% +2.8 pt 45.0% 46.6% +1.6 pt SG&A 204.3 224.4 +20.1 +10% 103.3 111.9 +8.6 +8
Slide 26: Revenue & Profit by Segment
FY2026 6M Performance | Revenue & Profit by Segment [¥ billions] YoY YoY Revenue FY25 6M FY26 6M YoY FY25 Q2 FY26 Q2 YoY excluding FX excluding FX Digital Workplace 289.4 300.0 +10.6 +4% -13.5 -5% 149.8 150.9 +1.1 +1% -8.6 -6% Professional Print 123.8 121.7 -2.1 -2% -11.6 -9% 59.6 63.6 +4.0 +7% -0.2
Slide 27: Other Income/Expenses and Finance Income/Costs Detail
FY2026 6M Performance | Other Income/Expenses and Finance Income/Costs Detail [¥ billions] FY25 6M FY26 6M Change FY25 Q2 FY26 Q2 Change Business Contribution Profit 23.8 26.4 +2.5 14.7 14.8 +0.2 Other income Gain on sales of subsidiaries' equity 2.3 - -2.3 -0 .0 - +0.0 Others 2.7 1.9 -0.8 1.1 1.2 +
Slide 28: Quarterly Financial Results by Segment
FY2026 6M Performance | Quarterly Financial Results by Segment FY25 FY26 [Revenue] Q1 Q2 6M Q3 Q4 12M Q1 Q2 6M [¥ billions] Digital Workplace 139.7 149.8 289.4 152.3 172.6 614.3 149.1 150.9 300.0 Office 118.5 126.4 244.8 129.9 147.5 522.2 126.4 126.4 252.8 DW-DX*1 21.2 23.4 44.6 22.3 25.1 92.1 22.8
Slide 29: Quarterly Financial Results by Segment
FY2026 6M Performance | Quarterly Financial Results by Segment FY25 FY26 [Business Contribution Profit] Q1 Q2 6M Q3 Q4 12M Q1 Q2 6M [¥ billions] Digital Workplace*1 7.1 10.6 17.7 8.2 11.8 37.6 8.9 8.0 16.9 Professional Print 1.4 3.5 4.9 3.0 3.2 11.1 4.3 5.0 9.3 Industry*1 3.9 5.0 8.9 5.1 7.2 21.3 5.
Slide 30: Quarterly Performance | Hard and Non-hard Revenue YoY
FY2026 Quarterly Performance | Hard and Non-hard Revenue YoY Office Production Print Excluding FX Excluding FX Non-hard by region Non-hard by region Japan 97% 98% 97% 100% 99% 100% Japan 98% 101% 99% 102% 100% 100% U.S. 99% 103% 96% 96% 99% 93% U.S. 93% 103% 88% 95% 105% 96% Europe 96% 91% 93% 100%
Slide 31: FX Impact on Revenue and Operating Profit
FX Impact on Revenue and Operating Profit [FX: ¥] [Impact, Sensitivity: ¥billions] FY25 FY26 YoY Impact FX Sensitivity*2 6M 6M Revenue OP Revenue OP USD 146.04 159.37 +15.6 +0.1 +2.4 -0.1 EUR 168.06 184.35 +11.2 +6.1 +1.5 +0.5 GBP 195.96 214.06 +1.0 -0.0 +0.1 +0.0 *3 European currency*1 - - +15.2 +6
Slide 32: Earnings Forecast | By Segment
FY2026 Earnings Forecast | By Segment FY25 FY26 FY26 Revenue Change Results Previous Forecast Forecast [¥ billions] Digital Workplace 614.3 619.0 627.0 +8.0 Office 522.2 522.0 528.0 +6.0 DW-DX*1 92.1 97.0 99.0 +2.0 Professional Print 255.2 258.0 264.0 +6.0 Production print 208.1 205.0 210.0 +5.0 Ind
Slide 33: Glossary
Glossary ⚫ Business Contribution Profit Original index of the Company, the profit calculated by subtracting the cost of sales and SG&A from revenue ⚫ HSI (Hyperspectral Imaging): Sensing unit An imaging technique in which a wide range of wavelengths are divided into multi-wavelengths. This technique
Slide 34: Cautionary Statement
Cautionary Statement: The forecasts mentioned in this material are the results of estimations based on currently available information, and accordingly, contain risks and uncertainties. The actual results of business performance may sometimes differ from those forecasts due to various factors. Remar