Tokyo (July 30, 2014) - At the Board of Directors meeting held on July 30, 2014, Konica Minolta, Inc. (the “Company”) approved the item related to the acquisition of own shares based on Article 156 of the Company Law, which is applicable in accordance with Article 165, Paragraph 3 of the same law as well as the cancellation of treasury shares based on Article 178 of the same law. Details follow.
1. Reason for Acquisition of Own Shares and Cancellation of Treasury Shares
The Company decided to acquire its own shares and cancel its treasury shares with the aim of shareholders' benefit, improving capital efficiency and ensuring a flexible capital policy.