Konica Minolta, Kyocera Mita and Epson all see profits drop this quarter.
All three OEM announce declining profits as Konica Minolta, Kyocera Mita and Epson reveal their Q3 results, which continues the trend of vastly differing results.
Konica Minolta announced a 3.4 percent declination in net sales in comparison to Q3 2010, from ¥391,825 million ($5.1 million/ €3.6 million) to ¥378,323 million ($4.9 million/ €3.5 million)and a dramatic decrease in net income of 56.6 percent, from ¥8,636 million ($113 million/ €80 million) to ¥3,751 million ($49 million/ €34 million).
Kyocera Mita also reported an overall decline, with a net sales declination of 5.2 percent: from ¥637,392 million ($8.4 million/ €5.9 million) Q3 2010 to ¥604,268 million ($7.9 million/ €5.6 million) and a 24.5 percent decrease in net income attribute to shareholders, from ¥61,960 million ($817,000/ €576,000) to ¥46,768 million ($616,000/ €435,000).
Epson fared no better in Q3 2011, with an 11.2 percent decline in net sales, from ¥479,286 million ($6.3 million/ €4.4 million) to ¥425,518 million ($5.6 million/ €3.9 million). This resulted in a net income loss of ¥4,370 million ($57,000/ €40,000) for Q3 2011.