Konica Minolta (TYO:4902) expects to record an operating loss due to the transfer of shares, prompting revisions to its full-year forecasts for the fiscal 2024.
However, the imaging product manufacturer also expects to record profit from discontinued operations for the fiscal year ended March 31, according to a Thursday Tokyo bourse filing.
Revenue forecast was revised downward to 1.125 billion yen, while business contribution profit estimate was raised to 43 billion yen.
It expects to make an attributable loss of 38 billion yen or 76.81 yen per share for the fiscal year under review.
Konica Minolta's shares gained more than 3% at market close.
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