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Konica Minolta
(4902)
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Rating:63Neutral
Price Target:
¥629.00
▼(-2.72% Downside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by improving (but still volatile) financial performance, including better profitability, moderated leverage, and stronger cash generation. Valuation is a clear positive due to the low P/E and moderate dividend yield. Offsetting these factors, the technical setup is weak in the near term with the stock trading below the 20- and 50-day moving averages and slightly below the 200-day average.
Positive Factors
Recurring revenue model
The company’s core model pairs hardware sales with high-frequency recurring streams—consumables, meter-based contracts, multi-year service agreements, and subscription IT services. This installed-base-driven model supports durable revenue visibility and margin mix improvement over multi-year horizons.
Negative Factors
Volatile revenue trends
Persistent top-line volatility complicates long-term planning: uneven equipment sales and fluctuating consumables use mean revenue and capacity needs can swing materially. This weakens predictability of recurring streams and makes multi-year margin expansion targets harder to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue model
The company’s core model pairs hardware sales with high-frequency recurring streams—consumables, meter-based contracts, multi-year service agreements, and subscription IT services. This installed-base-driven model supports durable revenue visibility and margin mix improvement over multi-year horizons.
Read all positive factors
Konica Minolta (4902) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥291.80B
Dividend Yield2.03%
Average Volume (3M)2.02M
Price to Earnings (P/E)9.5
Beta (1Y)1.12
Revenue Growth0.20%
EPS GrowthN/A
CountryJP
Employees34,363
SectorIndustrials
Sector Strength72
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)62.25
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
¥604.00Price Target Upside-6.59% Downside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)60.47
Revenue Forecast (FY)¥1.09T
Konica Minolta Business Overview & Revenue Model
Company Description
Konica Minolta, Inc. is a global technology company with extensive operations across Japan, the United States, Europe, China, other Asian nations, and broader international markets. The firm operates through several core business divisions: digita...
How the Company Makes Money
Konica Minolta makes money primarily by selling hardware systems and then generating recurring, higher-frequency revenue from the ongoing use, operation, and support of those systems. Key revenue streams typically include: (1) Office printing and ...
Konica Minolta Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.10T | 1.09T | 1.13T | 1.11T | 1.13T | 911.43B |
| Gross Profit | 492.21B | 478.42B | 479.42B | 475.10B | 485.94B | 392.74B |
| EBITDA | 114.75B | 113.39B | 3.94B | 97.74B | -16.89B | 60.35B |
| Net Income | 30.76B | 30.27B | -47.48B | 4.52B | -103.15B | -26.12B |
Balance Sheet | ||||||
| Total Assets | 1.23T | 1.23T | 1.22T | 1.39T | 1.41T | 1.34T |
| Cash, Cash Equivalents and Short-Term Investments | 116.99B | 110.76B | 89.90B | 127.13B | 180.57B | 117.67B |
| Total Debt | 397.02B | 398.31B | 438.17B | 522.58B | 568.29B | 448.65B |
| Total Liabilities | 666.51B | 685.93B | 743.56B | 834.67B | 913.90B | 776.62B |
| Stockholders Equity | 550.79B | 536.50B | 463.15B | 539.82B | 487.42B | 549.81B |
Cash Flow | ||||||
| Free Cash Flow | 79.51B | 38.37B | 25.30B | 56.08B | -8.45B | -3.82B |
| Operating Cash Flow | 109.47B | 86.29B | 51.09B | 83.34B | 13.32B | 37.44B |
| Investing Cash Flow | -20.90B | -34.02B | 24.65B | -76.62B | -37.03B | -51.00B |
| Financing Cash Flow | -65.99B | -40.27B | -110.90B | -64.77B | 83.85B | 2.13B |
Konica Minolta Technical Analysis
Negative
646.60
Price Trends
600.36
Negative
572.10
Positive
596.94
Negative
Market Momentum
9.90
Positive
43.97
Neutral
16.18
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4902, the sentiment is Negative. The current price of 646.6 is above the 20-day moving average (MA) of 621.59, above the 50-day MA of 600.36, and above the 200-day MA of 596.94, indicating a bearish trend. The MACD of 9.90 indicates Positive momentum. The RSI at 43.97 is Neutral, neither overbought nor oversold. The STOCH value of 16.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 | ¥1.03T | 14.96 | 9.32% | 2.45% | 1.93% | 25.12% | |
78 Outperform | ¥795.09B | 17.01 | 11.37% | 2.52% | 2.52% | 23.69% | |
75 Outperform | ¥4.51T | 16.43 | 7.66% | 1.93% | 5.04% | 5.98% | |
67 Neutral | ¥899.19B | 16.15 | 5.05% | 2.78% | 3.18% | 24.19% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥291.80B | 9.49 | 6.00% | 1.86% | 0.20% | ― |
* Industrials Sector Average
JP:4902
Konica Minolta
604.80
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23.33%
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1,533.50
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FUJIFILM Holdings
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31.54%
Konica Minolta Corporate Events
Konica Minolta Lifts Q1 Earnings and Strengthens Balance Sheet as It Raises Dividend Forecast
Jul 30, 2026
Konica Minolta reported a modest 2.9% year-on-year increase in revenue to ¥258.5 billion for the quarter ended June 30, 2026, with business contribution profit rising 25.8% to ¥11.6 billion but operating profit slipping 4.4% to ¥9.6...
Konica Minolta Completes Sale of Tempus Shares to Bolster Balance Sheet
Jun 30, 2026
Konica Minolta has completed the sale of all Tempus AI, Inc. shares it received as part of the US$600 million consideration for transferring Ambry Genetics Corporation, a former consolidated subsidiary. The Tempus stock, initially subject to contr...
Effissimo Lifts Stake in Konica Minolta Above 10% Threshold
Jun 5, 2026
Konica Minolta has disclosed a change in its major shareholder following an amended large-shareholding report filed with Japan’s Kanto Local Finance Bureau by Effissimo Capital Management. The report shows that Effissimo, a Singapore-based i...
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...
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.