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Konica Minolta
(4902)
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Rating:63Neutral
Price Target:
¥685.00
▲(2.93% Upside)
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 installed-base model combines hardware sales with consumables, maintenance, managed services and software income. This recurring component can deepen customer relationships, support renewal-led revenue and make earnings less dependent on new equipment sales over the next several quarters.
Negative Factors
Thin net profitability
TTM net margin is only about 2.8% despite gross margin of roughly 44% and operating margin near 5%. Limited bottom-line conversion leaves less cushion against cost pressure and makes sustained earnings improvement more dependent on disciplined expense control.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue model
The installed-base model combines hardware sales with consumables, maintenance, managed services and software income. This recurring component can deepen customer relationships, support renewal-led revenue and make earnings less dependent on new equipment sales over the next several quarters.
Read all positive factors
Konica Minolta (4902) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥315.71B
Dividend Yield2.5%
Average Volume (3M)4.84M
Price to Earnings (P/E)10.3
Beta (1Y)1.15
Revenue Growth0.20%
EPS GrowthN/A
CountryJP
Employees34,133
SectorIndustrials
Sector Strength72
IndustryBusiness Equipment & Supplies
Share Statistics
EPS (TTM)62.25
Shares Outstanding502,664,340
10 Day Avg. Volume6,874,100
30 Day Avg. Volume4,840,716
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
¥666.67Price Target Upside0.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)60.33
Revenue Forecast (FY)¥1.10T
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
Positive
665.50
Price Trends
637.52
Positive
611.96
Positive
600.78
Positive
Market Momentum
4.32
Positive
49.69
Neutral
17.83
Positive
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 665.5 is above the 20-day moving average (MA) of 634.85, above the 50-day MA of 637.52, and above the 200-day MA of 600.78, indicating a bullish trend. The MACD of 4.32 indicates Positive momentum. The RSI at 49.69 is Neutral, neither overbought nor oversold. The STOCH value of 17.83 is Positive, 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 | ¥849.83B | 18.18 | 11.37% | 2.34% | 2.52% | 23.69% | |
80 Outperform | ¥1.13T | 10.80 | 14.00% | 2.19% | 6.72% | 116.46% | |
66 Neutral | ¥982.02B | 11.80 | 7.30% | 2.43% | 4.85% | 76.75% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥315.71B | 10.27 | 5.85% | 2.50% | 0.20% | ― | |
60 Neutral | ¥4.10T | 15.85 | 6.97% | 2.12% | 7.44% | 2.56% |
* Industrials Sector Average
JP:4902
Konica Minolta
639.20
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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...
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.