Konica Minolta, Inc. has announced significant global structural reforms as part of its efforts to meet the objectives outlined in its Medium-term Business Plan for fiscal years 2023 through 2025. The company aims to increase business contribution profit by 20 billion yen in fiscal 2025 as a direct result of these reforms. President and CEO Toshimitsu Taiko emphasized that these changes are aimed at accelerating business selection and concentration, reallocating resources to strengthen business sectors, and improving productivity across the Group. These strategies are intended to ensure sustainable growth well beyond 2025.
As part of the structural reforms, Konica Minolta plans to enhance productivity per employee by focusing on high value-added operations. This includes the adoption of generative AI technologies and significant investments in human capital transformation. The company is also committed to the strategic placement and development of skilled talent within key business areas and regions, bolstering its workforce through targeted educational programs and interactive communication to increase employee engagement.
A major component of the reform is the planned reduction of approximately 2,400 employees globally, affecting both regular and non-regular staff during fiscal 2024. This decision is aligned with the company’s goal to optimize operational efficiency and will be carried out in accordance with local labor laws and regulations. This headcount optimization is expected to contribute significantly to the anticipated 20 billion yen increase in business contribution profit for fiscal 2025.
Konica Minolta, with a history stretching back over 150 years in imaging technology, continues to leverage its expertise to address customer needs and societal challenges. The company remains focused on bringing innovation and value to its customers, aiming to enhance their success and contribute positively to society. The ongoing reforms and strategic initiatives underline Konica Minolta’s commitment to adapting to changing market dynamics and ensuring long-term prosperity.
