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Location:Home >Press Releases 2012 > OKI Announces Financial Results for the First Quarter of the Fiscal Year ending March 31, 2013 and Restates its Past Financial Results


Press Releases

OKI Announces Financial Results for the First Quarter of the Fiscal Year ending March 31, 2013 and Restates its Past Financial Results

TOKYO, September 14, 2012 -- Oki Electric Industry Co., Ltd. (TSE:6703) today announces its financial results for the first quarter (from April 1, 2012 to June 30, 2012) of the fiscal year ending March 31, 2013. The company also restates its past financial results from FY end. March 31, 2008 to FY end. March 31, 2012, based on the investigation report by outside experts, as annouced in "Notice on investigative Report Regarding Improper Accounting at an Overseas Consolidated Subsidiary" dated September 11.

Summary of the Consolidated Financial Results

  Q1 of FY Mar. 31, 2013 Q1 of FY Mar. 31, 2012 Changes <Projections>
Full year end. FY Mar. 31, 2013
<Results>
FY end. Mar. 31, 2012
Amount Ratio
  Billion yen Billion yen Billion yen % Billion yen Billion yen
Net sales 91.1 83.9 7.2 8.7 447.0 423.5
Operating income -2.2 -0.1 -2.1 18.5 12.0
Recurring income -3.3 -0.8 -2.5 15.5 9.1
Net income -4.1 -3.1 -1.0 11.0 1.6
  Yen Yen Yen % Yen Yen
Net income per share -5.61 -4.24 -1.37 13.64 0.32
Diluted net income per share
  Billion yen Billion yen Billion yen % Billion yen Billion yen
Total assets 353.7 356.6 -2.9 -0.8 368.1
Net assets 38.5 34.7 3.8 10.8 41.3
  % % %   % %
Shareholders' equity ratio 10.8 9.9 0.9   11.2
  Billion yen Billion yen Billion yen % Billion yen Billion yen
Cash flows from operating activities -1.3 12.7 -14.0 23.0 22.8
Cash flows from investing activities -3.7 -1.8 -1.9 -17.0 -9.4
Free cash flows -5.0 10.9 -15.9   6.0 13.4
Cash flows from financing activities -0.4 -0.9 0.5 -17.5

  • *Amounts are rounded to the nearest hundred million.
  • *Full year projections for the fiscal year ending March 31, 2013 has been revised from the previous projections annouced on May 9, 2012
  • *The projections and plans in this document are subject to change depending upon the changes of business environments and other conditions.

Impact amount on financial statements due to restatement (million yen)

Term Item Consolidated Stand-alone
Pre-
restatement A
Post-
restatement B
Amount C B - A Pre-
restatement A
Post-
restatement B
Amount C B - A
FY end. March 31, 2008 (1Q) Net sales 143,540 145,374 1,834      
Operating income -4,730 -4,011 719      
Recurring income -5,361 -4,641 720      
Net income (1Q) -8,014 -7,269 745      
Total assets 598,353 606,531 8,178      
Net assets 108,811 98,998 -9,813      
FY end. March 31, 2008 (1H) Net sales 327,635 327,697 62 182,938 182,920 -18
Operating income -7,071 -7,961 -890 -13,176 -13,171 5
Recurring income -11,021 -11,911 -890 -11,331 -11,326 5
Net income (1H) -12,482 -13,588 -1,106 -10,351 -12,076 -1,725
Total assets 590,837 596,903 6,066 443,151 432,086 -11,065
Net assets 100,453 88,964 -11,489 95,227 79,598 -15,629
FY end. March 31, 2008 (9 months) Net sales 487,287 487,727 440      
Operating income -3,144 -3,617 -473      
Recurring income -8,987 -9,460 -473      
Net income (9 months) -13,545 -14,187 -642      
Total assets 591,885 600,141 8,256      
Net assets 96,999 85,758 -11,241      
FY end. March 31, 2008 (full year) Net sales 719,677 719,756 79 408,840 408,787 -53
Operating income 6,200 5,385 -815 -12,980 -13,003 -23
Recurring income -3,887 -4,702 -815 -11,869 -11,892 -23
Net income (full year) 567 -313 -880 -1,729 1,078 2,807
Total assets 570,819 574,371 3,552 426,071 414,975 -11,096
Net assets 101,376 90,138 -11,238 93,702 82,606 -11,096
FY end. March 31, 2009 (1Q) Net sales 125,252 126,565 1,313      
Operating income -6,531 -4,252 2,279      
Recurring income -6,431 -4,152 2,279      
Net income (1Q) -22,211 -19,785 2,426      
Total assets 531,213 541,932 10,719      
Net assets 78,745 69,666 -9,079      
FY end. March 31, 2009 (1H) Net sales 286,882 287,062 180      
Operating income -10,575 -9,954 621      
Recurring income -13,334 -12,713 621      
Net income (1H) -35,343 -34,679 664      
Total assets 515,804 523,886 8,082      
Net assets 63,118 53,432 -9,686      
FY end. March 31, 2009 (9 months) Net sales 396,234 395,670 -564      
Operating income -8,711 -8,466 245      
Recurring income -13,633 -13,387 246      
Net income (9 months) -48,140 -47,977 163      
Total assets 400,902 406,172 5,270      
Net assets 57,063 48,310 -8,753      
FY end. March 31, 2009 (full year) Net sales 545,680 544,529 -1,151 271,108 271,161 53
Operating income 410 -629 -1,039 -8,527 -8,599 -72
Recurring income -6,189 -7,228 -1,039 -8,136 -8,208 -72
Net income (full year) -45,011 -46,188 -1,177 -35,179 -35,891 -712
Total assets 396,963 398,188 1,225 285,151 274,078 -11,073
Net assets 58,683 48,408 -10,275 57,405 45,597 -11,808
 FY end. March 31, 2010 (1Q) Net sales 82,621 81,780 -841      
Operating income -3,142 -4,307 -1,165      
Recurring income -5,037 -6,226 -1,189      
Net income (1Q) -6,685 -8,032 -1,347      
Total assets 360,382 362,328 1,946      
Net assets 55,260 43,114 -12,146      
FY end. March 31, 2010 (1H) Net sales 188,998 189,332 334      
Operating income -1,645 -3,331 -1,686      
Recurring income -4,716 -6,402 -1,686      
Net income (1H) -6,990 -8,641 -1,651      
Total assets 365,414 367,680 2,266      
Net assets 54,708 42,620 -12,088      
FY end. March 31, 2010 (9 months) Net sales 288,893 288,576 -317      
Operating income 1,137 -675 -1,812      
Recurring income -3,057 -4,870 -1,813      
Net income (9 months) -8,745 -10,530 -1,785      
Total assets 371,048 371,575 527      
Net assets 52,630 40,385 -12,245      
FY end. March 31, 2010 (full year) Net sales 443,949 442,949 -1,000 200,530 200,530
Operating income 13,957 6,508 -7,449 3,537 3,537
Recurring income 8,768 1,320 -7,448 5,104 5,104
Net income (full year) 3,619 -3,836 -7,455 2,711 -5,198 -7,909
Total assets 383,640 377,894 -5,746 276,008 264,935 -11,073
Net assets 64,810 47,607 -17,203 62,284 42,567 -19,717
FY end. March 31, 2011 (1Q) Net sales 82,525 83,600 1,075      
Operating income -7,812 -6,876 936      
Recurring income -9,055 -8,102 953      
Net income (1Q) -10,487 -9,445 1,042      
Total assets 365,016 362,244 -2,772      
Net assets 51,336 37,486 -13,850      
 FY end. March 31, 2011 (1H) Net sales 185,888 186,379 491      
Operating income -5,734 -5,090 644      
Recurring income -7,904 -7,259 645      
Net income (1H) -11,746 -11,120 626      
Total assets 356,891 353,876 -3,015      
Net assets 48,380 33,293 -15,087      
FY end. March 31, 2011 (9 months) Net sales 284,756 283,689 -1,067      
Operating income -4,980 -5,130 -150      
Recurring income -10,039 -10,189 -150      
Net income (9 months) -18,332 -18,710 -378      
Total assets 380,325 377,504 -2,821      
Net assets 73,193 57,983 -15,210      
FY end. March 31, 2011(full year) Net sales 432,685 432,651 -34 189,929 189,929
Operating income 11,049 6,308 -4,741 4,602 4,625 23
Recurring income 5,906 1,166 -4,740 3,883 3,906 23
Net income (full year) -27,001 -31,809 -4,808 -29,060 -25,729 3,331
Total assets 372,192 368,822 -3,370 276,950 271,231 -5,719
Net assets 59,903 38,859 -21,044 62,754 46,367 -16,387
FY end. March 31, 2012 (1Q) Net sales  83,767 83,892 125      
Operating income -341 -105 236      
Recurring income -947 -782 165      
Net income (1Q) -3,240 -3,101 139      
Total assets 359,532 356,564 -2,968      
Net assets 55,525 34,747 -20,778      
FY end. March 31, 2012 (1H) Net sales 188,429 186,268 -2,161      
Operating income 1,472 -2,893 -4,365      
Recurring income -856 -5,222 -4,366      
Net income (1H) -5,000 -9,660 -4,660      
Total assets 350,437 348,040 -2,397      
Net assets 53,609 30,473 -23,136      
FY end. March 31, 2012 (9 months) Net sales 293,379 288,035 -5,344      
Operating income 6,938 2,977 -3,961      
Recurring income 3,925 355 -3,570      
Net income (9 months) -6,295 -10,599 -4,304      
Total assets 339,617 336,852 -2,765      
Net assets 52,053 30,018 -22,035      
FY end. March 31, 2012 (full year) Net sales 428,104 423,480 -4,624 205,078 205,078
Operating income 17,415 11,980 -5,435 6,346 6,323 -23
Recurring income 14,550 9,075 -5,475 6,691 6,668 -23
Net income (full year) 8,000 1,555 -6,445 5,159 3,395 -1,764
Total assets 374,829 368,065 -6,764 292,460 292,460
Net assets 67,524 41,251 -26,273 68,048 49,897 -18,151

Press Contact:
Public Relations Division
Phone: +81-3-3501-3835
IR Contact:
Investor Relations
Public Relations Division
Phone: +81-3-3501-3836
  • *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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