TOKYO, JAPAN—  Konica Minolta posted sales up 2.6% in the financial year ending March 2024 and made an operating profit after posting operating losses the year before. Konica Minolta sales for the year were ¥1,159bn (compared to ¥1,130bn a year ago) while its profit was ¥26,091m (compared to an operating loss of ¥95,125m a year ago). The Professional Print Business recorded revenue of ¥263.3bn (an increase of 4.3% year-on-year). The Heavy Production Print with the fastest print speeds, which the group focuses on, by 131% year-on-year.Losses of France-based MGI Digital Technology division during the fourth quarter and other factors led to an operating profit of ¥11.6bn (a decrease of 14.3% year-on-year), resulting in an increase in revenue and a decrease in profit. The Company employed 40,015 staff, although it has recently said that 2,400 jobs would be affected by the implementation of global structural reforms to achieve its ‘Medium-term Business Plan’ goals for its fiscal year 2023 through to 2025, and sustainable growth beyond 2025.