(1st revision) June 20, 2008
May 28, 2008
OKI Makes Changes to its Financial Results for the Fiscal Year ended March 31, 2008 and announces its Projections for the Fiscal Year ending March 31, 2009
TOKYO, Japan, June 20, 2008 -- Oki Electric Industry Co., Ltd. (TSE:6703) today made additional revisions to its Financial Results for the Fiscal Year ended March 31, 2008 as follow.
1. Summary of the changes in consolidated financial results for the fiscal year ended March 2008
| FY ended Mar. 31, 2008 | FY ended Mar. 31, 2007 | |||
|---|---|---|---|---|
| Announced today | Announced April 28, 2008 | Changes | ||
| Billion yen | Billion yen | Billion yen | Billion yen | |
| Net sales | 719.7 | 719.7 | — | 718.8 |
| Operating income | 6.2 | 8.7 | -2.5 | -5.4 |
| Recurring income | -3.9 | -1.4 | -2.5 | -12.8 |
| Income before income taxes | 5.0 | 7.5 | -2.5 | -16.2 |
| Net income | 0.6 | 3.0 | -2.4 | -36.4 |
| Yen | Yen | Yen | Yen | |
| Net income per share | 0.83 | 4.42 | -3.59 | -56.27 |
| Diluted net income per share | 0.74 | 3.95 | -3.21 | — |
| Dividend per share | 0.00 | 0.00 | — | 0.00 |
| Billion yen | Billion yen | Billion yen | Billion yen | |
| Total assets | 570.8 | 571.5 | -0.7 | 628.4 |
| Total net assets | 101.4 | 103.6 | -2.2 | 116.0 |
| % | % | % | % | |
| Total shareholders' equity ratio | 16.6 | 17.0 | -0.4 | 17.4 |
| Yen | Yen | Yen | Yen | |
| Shareholders' equity per share | 138.55 | 141.82 | -3.27 | 160.13 |
| Billion yen | Billion yen | Billion yen | Billion yen | |
| Cash flows from operating activities | 42.5 | 40.0 | — | 16.1 |
| Cash flows from investing activities | -22.9 | -20.4 | — | -34.9 |
| Cash flows from financing activities | -19.4 | -19.4 | — | 28.1 |
2. Summary of changes in unconsolidated financial results for the fiscal year ended March 2008
| FY ended Mar. 31, 2008 | FY ended Mar. 31, 2007 | |||
|---|---|---|---|---|
| Announced today | Announced April 28, 2008 | Changes | ||
| Billion yen | Billion yen | Billion yen | Billion yen | |
| Net sales | 408.8 | 408.8 | — | 406.9 |
| Operating income | -13.0 | -13.0 | — | -16.6 |
| Recurring income | -11.9 | -11.9 | — | -17.7 |
| Net income | -1.7 | -1.4 | -0.3 | -37.4 |
| Yen | Yen | Yen | Yen | |
| Net income per share | -2.53 | -2.04 | -0.49 | -57.72 |
| Diluted net income per share | — | — | — | — |
| Billion yen | Billion yen | Billion yen | Billion yen | |
| Total assets | 426.1 | 426.1 | — | 476.8 |
| Total shareholders' equity | 93.7 | 94.0 | -0.3 | 108.5 |
3. Summary of projections for the fiscal year ending March 2009
| FY end. March 31, 2009 (projections) | FY ended Mar. 31, 2008 (results) | |
|---|---|---|
| Billion yen | Billion yen | |
| Net sales | 700.0 | 719.7 |
| Operating income | 12.0 | 6.2 |
| Recurring income | 4.0 | -3.9 |
| Net income | -14.0 | 0.6 |
| Yen | Yen | |
| Net income per share | -20.50 | 0.83 |
- *Amounts are rounded to the nearest hundred million.
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Phone: +1-408-737-6279 - For Asia and Other Areas: Public Relations Division
Phone: +81-3-3580-8950
- * Information in the press releases is current on the date of the press announcement, but is subject to change without prior notice.