3Q / March 2019 Consolidated Financial Results Highlight

(Amounts less than one million yen are rounded down to the nearest million yen.)

1. Consolidated financial results for the nine months ended December 31, 2018 (from April 1, 2018 to December 31, 2018)

(1) Consolidated results of operations

(Percentage figures represent changes from the same period of the previous fiscal year.)
Nine months ended	Revenue		Operating profit		Profit before tax
Nine months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%
December 31, 2018	777,578	3.6	50,509	73.6	47,957	76.7
December 31, 2017	750,253	7.2	29,090	-15.6	27,145	-20.4

Nine months ended	Profit for the period		Profit attributable to owners of the parent		Total comprehensive income
Nine months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%
December 31, 2018	33,671	82.1	33,743	81.2	37,159	-8.8
December 31, 2017	18,492	-26.2	18,617	-25.3	40,765	91.8

[Yen]
Nine months ended	Basic earnings per share	Diluted earnings per share
December 31, 2018	68.23	68.00
December 31, 2017	37.61	37.50

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

(2) Consolidated financial position

[Millions of yen]
As of	Total assets	Total equity	Equity attributable to owners of the parent	Equity ratio attributable to owners of the parent
December 31, 2018	1,210,791	557,041	546,414	45.1%
March 31, 2018	1,203,907	535,588	524,513	43.6%

2. Dividends per share

[Yen]
	End of the three-month period	End of the six-month period	End of the nine-month period	End of the year	Total Yen
Fiscal Year ended March 31, 2018	-	15.00	-	15.00	30.00
Fiscal Year ending March 31, 2019	-	15.00	-
Fiscal Year ending March 31, 2019 (forecast)				15.00	30.00

(Note)Changes from the latest dividend forecasts: None

3．Consolidated forecasts for the fiscal year ending March 31, 2019 (from April 1, 2018 to March 31, 2019)

(Percentage figures represent changes from the previous fiscal year.)
For the year ending	Revenue		Operating profit		Profit attributable to owners of the parent		Basic earnings per share
For the year ending	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
March 31,2019	1,080,000	4.7	64,000	18.9	40,000	24.0	80.88

(Note)Changes from the latest consolidated forecasts: None

Notes

Changes in important subsidiaries during the nine months ended December 31, 2018 (changes in the scope of consolidation): None
Changes in accounting policies or changes in accounting estimates
1. Changes in accounting policies required by International Financial Reporting Standards (IFRS): Yes
2. Changes in accounting policies other than the above a.: None
3. Changes in accounting estimates: None
Number of issued and outstanding shares (common stock)
1. Number of issued and outstanding shares (including treasury shares)
  As of December 31, 2018: 502,664,337 shares
  As of March 31, 2018: 502,664,337 shares
2. Number of treasury shares
  As of December 31, 2018: 8,075,597 shares
  As of March 31, 2018: 8,175,975 shares
3. Average number of issued and outstanding shares during the period
  The nine months ended December 31, 2018: 494,551,619 shares
  The nine months ended December 31, 2017: 494,992,804 shares

Konica Minolta, Inc. (the “Company”) has established the Board Incentive Plan trust in which beneficiaries include Directors, Executive Officers, Group Executives, and Technology Fellows. The shares owned by the trust account relating to this trust are accounted for as treasury shares (1,250,538 shares as of December 31, 2018, and 1,274,000 shares as of March 31, 2018).

This summary of quarterly consolidated financial results falls outside the scope of quarterly review procedures to be performed by certified public accountants or an audit firm.

Explanation concerning the appropriate use of the forecasts for results of operations and other special matters

(Note on the forecasts for the consolidated financial results)

The forecasts for results of operations in this report are based on information currently available to the Company and its subsidiaries (the “Group”), and assumptions determined to be reasonable, and are not intended to assure achievement of the Group’s operations. Actual results may differ significantly from the forecasts due to various factors. For further details of the assumptions and other factors considered by the Company in preparing the above forecasts, refer to “1. QUALITATIVE INFORMATION ON FINANCIAL RESULTS FOR THE NINE MONTHS ENDED DECEMBER 31, 2018, (3) Explanation Regarding the Forecasts for the Consolidated Financial Results” in the attached Supplementary Information on page 8.

Supplementary information for the quarterly financial results and briefing on the quarterly financial results

The Company will hold a briefing on the quarterly financial results for institutional investors on Friday, February 1, 2019. The proceedings and details of the briefing, along with the supplementary information on the quarterly financial results to be presented at the briefing, will be posted on the website of the Group soon after the briefing.