Konica Minolta Completes Global Structural Reforms; Shares Up 3%

MT Newswires Live

2025/04/25

Konica Minolta (TYO:4902) has completed its global structural reforms, designed to boost productivity and achieve objectives outlined in its Medium-term Business Plan for fiscal years 2023-2025, according to a Thursday filing on the Tokyo Stock Exchange.

The company reduced its workforce by 2,701, surpassing the initial target of 2,400. This includes 310 additional job cuts aimed at improving profitability.

The one-time expenses from the reforms totaled approximately 19 billion yen, about 1 billion yen below the original estimate.

The reforms are expected to increase business contribution profit by 10 billion yen in fiscal 2025 and 14 billion yen in fiscal 2026.

Shares of the company gained over 3% in recent trade.

Price (JPY): $447.40, Change: $+15, Percent Change: +3.54%

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