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Location: Home > Press Releases > 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


Press Releases

(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.
Press Contact:
For Europe and Americas: Public Relations Division
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.

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