1Q / March 2021 Consolidated Financial Results Highlight

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

1. Consolidated financial results for the three months ended June 30, 2020 (from April 1, 2020 to June 30, 2020)

(1) Consolidated results of operations

(Percentage figures represent changes from the same period of the previous fiscal year)
Three months ended	Revenue		Operating profit		Profit before tax
Three months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%
June 30, 2020	173,167	-28.4	(22,639)	-	(23,801)	-
June 30, 2019	241,743	-5.3	554	-96.4	-1,378	-

Three months ended	Profit for the period		Profit attributable to owners of the Company		Total comprehensive income
Three months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%
June 30, 2020	(17,446)	-	(17,305)	-	(18,259)	-
June 30, 2019	(1,470)	-	(1,208)	-	(16,165)	-

Three months ended	Basic earnings per share	Diluted earnings per share
Three months ended	Yen	Yen
June 30, 2020	(34.96)	(34.96)
June 30, 2019	(2.44)	(2.44)

(Note) Basic earnings per share and diluted earnings per share are calculated based on the profit attributable to owners of Konica Minolta, Inc. (the “Company”).

(2) Consolidated financial position

As of	Total assets	Total equity	Equity attributable to owners of the Company	Equity ratio attributable to owners of the Company
As of	Millions of yen	Millions of yen	Millions of yen	%
June 30, 2020	1,309,673	511,065	501,510	38.3
March 31, 2020	1,276,768	533,766	523,745	41.0

2. Dividends per share

	End of the three-month period	End of the six-month period	End of the nine-month period	End of the year	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended March 31, 2020	-	15.00	-	10.00	25.00
Fiscal year ending March 31, 2021	-
Fiscal year ending March 31, 2021 (forecast)		-	-	-	-

(Note 1)Changes from the latest dividend forecasts: None

(Note 2)Dividend forecast for the fiscal year ending March 31, 2021, remains undetermined, given that it is difficult to project business results at this time

3. Consolidated forecasts for the fiscal year ending March 31, 2021 (From April 1, 2020 to March 31, 2021)

Consolidated forecasts for the fiscal year ending March 31, 2021, remain undetermined, given that it is difficult to reasonably assess the impact of the spread of COVID-19 at this time. The Company will announce a forecast as soon as it becomes possible to project business results.

■ Notes

Changes in significant subsidiaries for the three months ended June 30, 2020 (changes in the scope of consolidation): None
Changes in accounting policies or changes in accounting estimates
- a. Changes in accounting policies required by International
  Financial Reporting Standards (IFRS): None
- b. Changes in accounting policies other than the above a.: None
- c. Changes in accounting estimates: None
Number of issued and outstanding shares (common stock)
- a. Number of issued and outstanding shares (including treasury shares)
  As of June 30, 2020: 502,664,337 shares
  As of March 31, 2020: 502,664,337 shares
- b. Number of treasury shares
  As of June 30, 2020: 7,433,166 shares
  As of March 31, 2020: 7,764,241 shares
- c. Average number of issued and outstanding shares during the period
  The three months ended June 30, 2020: 495,001,762 shares
  The three months ended June 30, 2019: 494,690,678 shares

(Note)The Company has established the Board Incentive Plan 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 (915,606 shares as of June 30, 2020, and 1,184,094 shares as of March 31, 2020).

■ 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)

(Description of forecasts)
The forecasts for results of operations in this report are based on information currently available to the Company and its subsidiaries (the “Group”) and certain assumptions determined to be reasonable, and are not intended to assure achievement of the Group’s operations. Consolidated forecasts for the fiscal year ending March 31, 2021, remain undetermined, given that it is difficult to reasonably assess the impact of the spread of COVID-19 at this time. The Company will announce a forecast as soon as it becomes possible to project business results. For further discussion on forecasts, refer to “1. QUALITATIVE INFORMATION ON FINANCIAL RESULTS FOR THE THREE MONTHS ENDED JUNE 30, 2020, (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 Thursday, July 30, 2020. 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.