Message from the President Corporate Information Message from the President
The OKI Group recorded overall net sales were 223.0 billion yen, a 5.8 billion yen decrease year-on-year due to a decline in sales volume in Info-telecom systems business and Printer business. Operating income was 3.6 billion yen, a 3.0 billion yen decrease year-on-year due to a decline in sales volume and the impact of currency exchange in Printer business.
Ordinary income was 2.7 billion yen, a 6.9 billion yen decrease year-on-year due to recording loss on currency exchange despite the impact of currency exchange gain in other income and expenses in corresponding period of previous year. Profit attributable to owners of parent was 0.9 billion yen, a 9.4 billion yen decrease year-on-year.
For full-year consolidated earnings projections, OKI has revised it from its previous announcement in light of business performance of the first half of fiscal year 2015. OKI projects net sales and operating income to decrease from the previously announced projections. In Info-telecom systems business, sales of Japanese market are continuously healthy, although in overseas market, sales of ATMs for a Chinese sales partner will decrease, and sales of a subsidiary in Brazil are expected to drop due to the sluggish Brazilian economy. In addition, sales of Printer business are projected to decrease due to the impact of intensifying price competition of the existing products and currency exchange.
As a result, OKI projects full-year performance as follows; net sales of 515.0 billion yen (30.0 billion yen decrease from the previous announcement), operating income of 17.0 billion yen (13.0 billion yen decrease), ordinary income of 14.5 billion yen (13.5 billion yen decrease) and profit attributable to owners of parent of 10.0 billion yen (12.0 billion yen decrease).
OKI is striving to accomplish for generating stable and sustainable profits to our stakeholders as the highest priority. As previously announced, we will pay an interim dividend of 2 yen per share for fiscal year 2015. A year-end dividend of 3 yen per share is also planned.
OKI is likely to produce a result in some initiatives including cultivating new sales channels and the acquisition of new projects, though the full-year consolidated earnings projections were revised in light of overall business performance. Moving forward, the OKI Group will make the utmost efforts to achieve its results for the final targets under the Mid-term business Plan 2016.
We are grateful for the continuing support and cooperation of all our shareholders and investors. I ask for your continued and steadfast support as we move forward.
November 5, 2015