New execs also appointed

Konica Minolta streamlines business units

KM: print volumes at commercial printing companies “on a recovery trend”
Konica Minolta's pro printing portfolio includes toner and inkjet devices

Konica Minolta is streamlining its business units into three – a move that means Professional Print will be combined with its workplace operations in a huge new division.

Previously, the Japanese manufacturer reported under four operating units: Digital Workplace; Professional Print; Healthcare; and Industry.

From 1 April that will be reduced to three: including the new ‘Business Technologies Business’, which brings together Digital Workplace, Professional Print and Chemical Products.

Digital Workplace had accounted for 53.1% of sales, with Professional Print KM's second-largest unit at 22.3%.

The new Industrial Business division will comprise of Sensing, Optical Components, IJ (inkjet) Components, and Performance Materials.

Lastly, the Imaging Solution Business, which is made up of KM’s medical imaging Healthcare business, imaging of things platform FORXAI, Imaging-IoT Solutions, QOL Solutions for the care industry and Visual Solutions.

The new structure also comes with a revised executive line-up, and a number of senior execs and vice presidents will retire.

From 1 April Ken Osuga will become senior vice president and executive officer of business development for Business Technologies.

He was previously corporate senior vice president responsible for strategic projects.

Norihisa Takayama, currently corporate vice president for IIM Business and Imaging of Things in the EU, will become senior vice president and executive officer at the Business Technologies unit.

The Industrial Business will be headed by Noriyasu Kuzuhara, currently executive VP and general manager for corporate planning at HQ.

Konica Minolta said the revamped structure would clarify responsibilities, and help the group implement the goals of its 2025 medium-term business plan.

The overall group had consolidated revenues of ¥1,130bn (£5.9bn) in its most recent financial year.

Konica Minolta will have a large presence at the upcoming Drupa 2024 show, with six interlinked stand areas in Hall 8b. Its motto for the show is 'see the potential in the future of print'.