Key Developments: Konica Minolta Inc (4902.T)
765JPY
23 May 2013
¥-43 (-5.32%)
¥789
¥823
¥843
¥764
8,703,500
4,629,139
¥843
¥491
Latest Key Developments (Source: Significant Developments)
Konica Minolta Holdings Inc's Subsidiary to Acquire Charterhouse PM Limited-Nikkan Kogyo Shimbun
Nikkan Kogyo Shimbun reported that Konica Minolta Business Technologies, Inc, which is a subsidiary of Konica Minolta Holdings Inc, will acquire Charterhouse PM Limited, which is engaged in commercial printing business in the United Kingdom, for billions of yen. Full Article
Konica Minolta Holdings Inc to Merge with Subsidiaries; Announces Name Change
Konica Minolta Holdings Inc announced that it will be merging with seven subsidiaries of the Company, including Konica Minolta Business Technologies, Inc., Konica Minolta Advanced Layers, Inc., Konica Minolta Optics, Inc., Konica Minolta Technologies Center, Inc. and Konica Minolta Business Expert, Inc., effective April 1, 2013. The Company will also change the Company name to KONICA MINOLTA, INC., effective April 1, 2013. Full Article
Konica Minolta Holdings Inc. Announces Business Transfer between Subsidiaries
Konica Minolta Holdings Inc. announced that it has decided to transfer the optics business of its wholly owned subsidiary, KONICA MINOLTA OPTO, INC., which engages in the manufacture and sale of optics devices and electronic products, to another wholly owned subsidiary of the Company, KONICA MINOLTA SENSING, INC., which engages in the manufacture and sale of measurement equipment, effective April 1, 2012. After that, KONICA MINOLTA OPTO, INC. will change its name into KONICA MINOLTA ADVANCED LAYERS, INC., and KONICA MINOLTA SENSING, INC. will change its name into KONICA MINOLTA OPTICS, INC., effective April 1, 2012. Full Article
R&I Affirms Rating on Konica Minolta Holdings Inc. at "A"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Konica Minolta Holdings Inc. at "A". The rating outlook is stable. Full Article
Konica Minolta Holdings Inc. to Transfer Business to Wholly Owned Subsidiary
Konica Minolta Holdings Inc. announced that it will transfer its LA business promotion office business to its wholly owned subsidiary, which is mainly engaged in the manufacturing and sale of optics device and electronic materials in Tokyo, Japan, effective April 1, 2012. For the transaction, the subsidiary will issue 1,000 shares to the Company. Full Article
Konica Minolta Holdings Inc. Lowers Consolidated Full-year Forecast for FY 2012; Amends Year-end Dividend Forecast for FY 2012
Konica Minolta Holdings Inc. announced that it has lowered the consolidated full-year forecast for revenue from JPY 810,000 million to JPY 780,000 million, operating profit from JPY 42,000 million to JPY 40,000 million, ordinary profit from JPY 39,000 million to JPY 35,000 million, net profit from JPY 20,000 million to JPY 19,000 million and earning per share from JPY 37.72 to JPY 35.83 for the fiscal year ending March 31, 2012. The Company lowered the consolidated full-year outlook due to raising value of yen. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 779.09 billion and net profit of JPY 17.31 billion for the fiscal year ending March 2012. The Company has amended the year-end dividend forecast from an undetermined value to JPY 7.50 per share for the fiscal year ending March 31, 2012. Full Article
Konica Minolta Holdings Inc. To Earmark JPY70 Billion For Mergers And Acquisitions Over Three Years-DJ
Dow Jones reported that Konica Minolta Holdings Inc. plans to set aside around JPY70 billion ($912.3 million) for mergers and acquisitions over the three years through March 2014, according to The Nikkei. Konica Minolta Holdings Inc. aims to pursue JPY220 billion in strategic investments over the next three years, with JPY150 billion earmarked for capital spending and the rest for merger and acquisitions. Konica Minolta is shifting to a more aggressive investment strategy on the strength of its cash reserves, which stood about 40% higher as of March 31 than three years earlier. Konica Minolta Holdings Inc. is showing signs of maturity. With that in mind, the company will focus on managed print services under which it oversees equipment for customers. Demand for such services, which can help customers trim costs, is expected to grow. Full Article
Konica Minolta Holdings Inc. Announces Consolidated Mid-year Outlook for FY 2012
Konica Minolta Holdings Inc. announced its consolidated mid-year outlook for revenue of JPY 386,000 million, operating profit of JPY 12,000 million, ordinary profit of JPY 10,000 million, net profit of JPY 3,000 million and earning per share of JPY 5.66, for the fiscal year ending March 2012. Full Article
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