Message from the President Corporate Information Message from the President
OKI reported net sales of 490.3 billion yen, a 49.9 billion yen decrease year-on-year mainly due to decrease in sales volume in Info-telecom systems business and Printers business. Operating income was 18.6 billion yen, a 13.8 billion yen decrease year-on-year due to decrease in sales volume and the impact of currency exchange in Printer business. Ordinary income was 11.4 billion yen, a 26.5 billion yen decrease year-on-year due to recording loss on currency exchange in this fiscal year despite the impact of currency exchange gain in other income and expenses in previous fiscal year. Profit attributable to owners of parent was 6.6 billion yen, a 26.5 billion yen decrease year-on-year.
OKI projects a year-end dividend for fiscal year 2015 will be 3 yen per share and an annual dividend will be 5 yen combined with an interim dividend of 2 yen.
Fiscal year 2016 is the last year under Mid-term Business Plan 2016. In light of changes of business environments, OKI projects the fiscal year 2016 performance as follows; net sales of 500.0 billion yen (9.7 billion yen increase year-on-year), operating income of 20.0 billion yen (1.4 billion yen increase), ordinary income of 18.0 billion yen (6.6 billion yen increase) and profit attributable to owners of parent of 12.0 billion yen (5.4 billion yen increase).
OKI upholds following policies for this fiscal year; securing stable profitability, generating growth businesses and consolidating a financial foothold. OKI will secure profit in stable profit making business in Japanese market and pursue additional earnings. OKI will strive to generate growth business in info-telecom business field, integrated solutions, telecom and social infrastructure system. Furthermore, OKI will create cash flow by improving working capital efficiency and accelerate further improvement of financial index. Moving forward, OKI will promote formulating next mid-term business plan as well as aiming at realizing a sustainable growth.
For the dividend of fiscal year 2016 projections, in light of the projection for fiscal year 2016 and the policy for profit return, OKI plans to pay an interim dividend of 2 yen and a year-end dividend of 3 yen for a total annual dividend of 5 yen per share.
OKI will make the utmost effort to ensure stable and continuous profit return to our stakeholders as our top priority issue.
To our shareholders and investors, I ask for your continued and steadfast support as we move forward.
May 10, 2016