KONICA MINOLTA 2nd Quarter Financial Results 2016

(Units of less than 1 million yen have been omitted.)

1. Overview of the 2Q performance (From April 1, 2015 to September 30, 2015)

(1) Business performance

Percentage figures represent the change from the same period of the previous year.

[Millions of yen]
	Revenue		Operating profit		Profit before tax
Six months ended September 30, 2015	507,245	6.9%	28,210	-8.5%	27,338	-14.0%
Six months ended September 30, 2014	474,453	-	30,824	-	31,772	-

[Millions of yen]
	Profit for the period		Profit attributable to owners of the company		Total comprehensive income
Six months ended September 30, 2015	17,316	-10.7%	17,330	-10.7%	15,279	-44.6%
Six months ended September 30, 2014	19,389	-	19,415	-	27,573	-

	Basic earnings per share attributable to owners of the company	Diluted earnings per share attributable to owners of the company
Six months ended September 30, 2015	34.82 yen	34.72 yen
Six months ended September 30, 2014	38.17 yen	38.06 yen

(Note) Basic earnings per share attributable to owners of the company and diluted earnings per share attributable to owners of the company are calculated based on the profit attributable to owners of the company.

(2) Financial position

[Millions of yen]
	Total assets	Total equity	Equity attributable to owners of the company	Equity ratio attributable to owners of the company
As of September 30, 2015	980,990	529,729	528,888	53.9%
As of March 31, 2015	994,256	529,504	528,432	53.1%

2. Dividends per share

[yen]
	1Q	2Q	3Q	Year-end	Total annual
Fiscal Year ended Mar 2015	-	10.00	-	10.00	20.00
Fiscal Year ending Mar 2016	-	15.00
Fiscal Year ending Mar 2016 (forecast)			-	15.00	30.00

Note: Change to the latest dividend forecast announced: None

3. Consolidated results forecast for fiscal year ending March 31, 2016 (From April 1, 2015 to March 31, 2016)

Percentage figures for the full year represent the change from the previous fiscal year.

[Millions of yen]
	Revenue		Operating profit		Profit attributable to owners of the company		Basic earnings per share attributable to owners of the company
Full year	1,080,000	7.7%	73,000	11.0%	47,000	14.8%	94.66 yen

Note: Change to the latest consolidated results forecast announced: Yes

Notes

Changes in status of material subsidiaries during the period under review (Changes to specified subsidiaries accompanying the additional consolidation or removal from consolidation of companies): None
Changes in accounting policy, or changes in accounting estimates
1. Changes in accounting policies required by IFRS: Yes
2. Changes in accounting policy other than "a.": None
3. Changes in accounting estimates: None
  Note: For more detailed information, please see “Changes in accounting policy“ in section 2. SUMMARY INFORMATION (NOTES) on page 8.
Number of shares (common stock)
1. Issued shares at period-end (including treasury shares)
  As of September 30, 2015: 502,664,337 shares
  As of March 31, 2015: 511,664,337 shares
2. Treasury shares at period-end
  As of September 30, 2015: 7,309,005 shares
  As of March 31, 2015: 9,801,071 shares
3. Average number of outstanding shares during the period
  Six months ended September 30, 2015: 497,650,367 shares
  Six months ended September 30, 2014: 508,716,076 shares

Presentation of Present Status of Quarterly Review Procedures

This "Second Quarter Consolidated Financial Results" is not subject to quarterly review procedures in accordance with the Financial Instruments and Exchange Law and, as of the date of publication of these quarterly consolidated financial results, the quarterly review procedures for the Condensed Consolidated Financial Statements are currently in progress.

Explanation of Appropriate Use of Performance Projections and Other Special Items

(Note on forward-looking statements)

This document contains projections of performance and other projections that were made based on information currently available and certain assumptions judged to be reasonable. The Konica Minolta Group makes no warranty as to the achievability of the projections. There is a possibility that diverse factors may cause actual performance, etc. to differ materially from the projections. Please see "(3) Qualitative Information on the Consolidated Results Forecast" in section 1. CONSOLIDATED OPERATING RESULTS on page 7 for more information on points to be remembered in connection with assumptions for projections and the use of projections.

(How to obtain supplementary information and information on a financial results briefing)

Konica Minolta, Inc. will hold a financial results briefing for institutional investors on Thursday, October 29, 2015. Descriptions at the briefing and presentation slides to be used at the briefing will be posted on the website of the Group immediately after the briefing.