Konica Minolta Inc (JP:4902)
:4902
Want to see JP:4902 full AI Analyst Report?
Top Page
Konica Minolta
(4902)
Select Model
Select Model
Rating:54Neutral
Price Target:
¥572.00
▼(-3.70% Downside)
Action:Reiterated
Date:05/15/26
The score is primarily supported by improving 2026 profitability and materially stronger cash generation, but is held back by elevated leverage and an inconsistent multi-year earnings/cash-flow history. Technical signals are mixed with weak momentum, and valuation support is limited due to a negative P/E despite a modest dividend yield.
Positive Factors
Recurring revenue mix
A material portion of revenue comes from consumables, managed print services, subscriptions and support, creating recurring revenue that stabilizes cash flow and margins versus pure hardware sales. This recurring mix supports durable cash generation and revenue visibility.
Negative Factors
Elevated leverage
Debt has historically been close to equity and total debt remains substantial even after declines, constraining balance-sheet flexibility. Elevated leverage raises interest expense risk, limits capacity for M&A or large capex, and reduces buffer during cyclical downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue mix
A material portion of revenue comes from consumables, managed print services, subscriptions and support, creating recurring revenue that stabilizes cash flow and margins versus pure hardware sales. This recurring mix supports durable cash generation and revenue visibility.
Read all positive factors
Konica Minolta (4902) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥293.19B
Dividend Yield0.71%
Average Volume (3M)2.02M
Price to Earnings (P/E)10.0
Beta (1Y)1.21
Revenue Growth-3.56%
EPS GrowthN/A
CountryJP
Employees38,263
SectorIndustrials
Sector Strength72
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)61.25
Shares Outstanding502,664,340
10 Day Avg. Volume2,231,320
30 Day Avg. Volume2,022,523
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.47
Price to Sales (P/S)0.23
P/FCF Ratio6.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥583.33Price Target Upside-1.80% Downside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)56.74
Revenue Forecast (FY)¥1.07T
Konica Minolta Business Overview & Revenue Model
Company Description
Konica Minolta, Inc. engages in digital workplace, professional print, healthcare, and industrial businesses in Japan, the United States, Europe, China, other Asian countries, and internationally. The company develops, manufactures, and sells mult...
How the Company Makes Money
Konica Minolta generates revenue primarily through a mix of hardware sales, recurring consumables, and ongoing services/software. A major stream comes from its Office business: it sells and leases multifunction printers (MFPs) and related office e...
Konica Minolta Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
54
Neutral
Cash Flow
63
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.09T | 1.13T | 1.11T | 1.13T | 911.43B |
| Gross Profit | 478.42B | 479.42B | 475.10B | 485.94B | 392.74B |
| EBITDA | 111.87B | 102.49B | 102.46B | 105.03B | 63.60B |
| Net Income | 30.27B | -47.48B | 4.52B | -103.15B | -26.12B |
Balance Sheet | |||||
| Total Assets | 1.23T | 1.22T | 1.39T | 1.41T | 1.34T |
| Cash, Cash Equivalents and Short-Term Investments | 110.76B | 89.90B | 127.13B | 180.57B | 117.67B |
| Total Debt | 398.31B | 438.17B | 522.58B | 568.29B | 448.65B |
| Total Liabilities | 685.93B | 743.56B | 834.67B | 913.90B | 776.62B |
| Stockholders Equity | 536.50B | 463.15B | 539.82B | 487.42B | 549.81B |
Cash Flow | |||||
| Free Cash Flow | 38.37B | 25.30B | 56.08B | -8.45B | -3.82B |
| Operating Cash Flow | 86.29B | 51.09B | 83.34B | 13.32B | 37.44B |
| Investing Cash Flow | -34.02B | 24.65B | -76.62B | -37.03B | -51.00B |
| Financing Cash Flow | -40.27B | -110.90B | -64.77B | 83.85B | 2.13B |
Konica Minolta Technical Analysis
Positive
594.00
Price Trends
550.55
Positive
588.95
Positive
577.03
Positive
Market Momentum
13.15
Negative
62.57
Neutral
76.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4902, the sentiment is Positive. The current price of 594 is above the 20-day moving average (MA) of 562.20, above the 50-day MA of 550.55, and above the 200-day MA of 577.03, indicating a bullish trend. The MACD of 13.15 indicates Negative momentum. The RSI at 62.57 is Neutral, neither overbought nor oversold. The STOCH value of 76.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4902.
Konica Minolta Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥944.64B | 13.85 | 7.77% | 3.16% | 1.93% | 25.12% | |
79 Outperform | ¥777.43B | 16.69 | 10.50% | 2.03% | 3.03% | 26.77% | |
75 Outperform | ¥4.00T | 14.47 | 7.81% | 2.07% | 5.04% | 5.98% | |
70 Outperform | ¥34.56B | 3.43 | ― | 4.37% | -2.63% | 635.00% | |
67 Neutral | ¥826.32B | 14.91 | 6.04% | 2.78% | 3.18% | 24.19% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | ¥293.19B | 9.95 | -12.69% | 0.71% | -3.56% | ― |
* Industrials Sector Average
JP:4902
Konica Minolta
609.60
184.66
43.45%
JP:7752
RICOH CO
1,458.50
170.71
13.26%
JP:6448
Brother Industries
3,753.00
1,439.65
62.23%
JP:4901
FUJIFILM Holdings
3,322.00
157.56
4.98%
JP:8060
Canon Marketing Japan Inc.
3,562.00
989.88
38.49%
JP:7999
Mutoh Holdings Co., Ltd.
7,560.00
4,873.80
181.44%
Konica Minolta Corporate Events
Konica Minolta Lifts FY2025 Dividend as Earnings and Cash Flow Beat Forecasts
May 14, 2026
Konica Minolta will increase its year-end dividend for the fiscal year ended March 31, 2026 to 7 yen per share, up from a previously forecast 5 yen, bringing the total annual dividend to 12 yen including an interim payment of 5 yen. The move follo...
Konica Minolta Swings Back to Profit as Balance Sheet Strengthens
May 14, 2026
Konica Minolta reported fiscal-year 2026 revenue of ¥1.09 trillion, down 3.6% year-on-year, but sharply improved profitability, with business contribution profit up 66.6% to ¥53.2 billion and a swing to operating profit of ¥49.9 bil...
Konica Minolta Prepares Shareholder Q&A on Planned Charter Amendment
May 14, 2026
Konica Minolta has prepared a QA document for its common shareholders to help them evaluate a proposal to partially amend its Articles of Incorporation, which will be submitted to the 122nd Ordinary General Meeting of Shareholders scheduled for Ju...
Konica Minolta Prepares Shareholder Materials on Bond-Type Class Shares Ahead of June Meeting
May 14, 2026
Konica Minolta has prepared an information document for its common shareholders regarding a proposed partial amendment to its Articles of Incorporation related to bond-type class shares. The proposal is scheduled to be submitted for approval at th...
Konica Minolta Adds Bond-Type Class Shares to Diversify 2027 Refinancing
May 14, 2026
Konica Minolta plans to amend its Articles of Incorporation and file a shelf registration to enable issuance of Series 1 Bond-Type Class Shares as a new, flexible financing tool. The move is designed to diversify funding sources ahead of refinanci...
Konica Minolta Sets ROIC‑Focused Medium‑Term Plan for 2026–2028
Apr 23, 2026
Konica Minolta has unveiled its new medium‑term business plan, “Corporate Plan 2026–2028,” covering fiscal years 2026 through 2028 and positioning this period as a phase to build a foundation for long‑term growth. The...
Konica Minolta Tightens Executive Pay Link to Profit and Shareholder Returns
Mar 26, 2026
Konica Minolta will overhaul its executive compensation framework from fiscal 2026, shifting the pay mix to reduce fixed compensation by 5 percentage points and increase stock-based compensation to 30% for all Executive Officers, including the pre...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.