<p>Company Name: Konica Minolta, Inc.Representative: Masatoshi Matsuzaki, President and CEOStock Exchange Listing: Tokyo (First Section)Local Securities Code Number: 4902Contact: Yuki Kobayashi, General Manager, CSR, Corporate Communications & Branding DivisionTel: (81) 3-6250-2100</p><p>Tokyo (October 31, 2013) - Konica Minolta, Inc. ("The Company") today announced that at the meeting held today its Board of Directors adopted the resolution to withdraw from the glass substrates for HDDs business which constitutes part of the Company's Industrial Business. 1.Background and reasons for the withdrawal</p><p>In the business of glass substrates for HDDs, the Company has been utilizing its proprietary technologies developed in the long history of optical products, including glass melting, production and polishing, in manufacturing and selling 2.5-inch glass substrates for magnetic hard disc drives which are primarily installed in notebook PCs.</p><p>In recent years, the technical trends for glass substrates for HDDs have continuously demanded for increased storage capacity per substrate. It has become more difficult for Konica Minolta to respond to those market requirements while maintaining its advantages in the field. As a result, the Company's shipment has recently slowed down and profitability in this business has declined. In addition, with the growth in tablets and other mobile devices, the notebook PC market has been dropping. As introduction of new technologies such as SSD (recording device with flash memory as recording medium) has also eroded the demand, it has become even more difficult for the Company to foresee a sustainable growth in the future demand.</p><p><a href="http://www.4-traders.com/KONICA-MINOLTA-INC-6491911/news/Konica-Minolta-Inc--Notice-of-Decision-on-Withdrawal-from-Glass-Substrates-for-HDDs-Business-17413712/">Keep reading...</a></p>
