August 8, 2012
Notice of Improper Accounting by an Overseas Consolidated Subsidiary and Postponement of Q1 Financial Results Announcement
As announced in today's "Notice of Improper Accounting at an Overseas Consolidated Subsidiary and Postponement of Q1 Financial Results Announcement", OKI ("the Company") has discovered improper accounting at an OKI Group overseas consolidated subsidiary in Spain, Oki Systems Ibérica S.A.U. The Company also found that this matter might affect its consolidated financial results. The Company regrets this occurrence and has established an External Investigative Committee comprising outside experts to investigate the details and develop preventive measures.
Now, the Company is working through an investigation to uncover all the facts with the committee, as well as an inquest into preventive measures. Therefore, the date of our announcement concerning Financial Results for the First Quarter of the Fiscal Year ending March 31, 2013, which was scheduled on August 10, 2012, has been postponed until September 14, 2012.
We would like to express our deepest apologies to all of our stakeholders including investors, business partners, customers and other relevant parties for any inconvenience caused.