Message from the President Corporate Information Message from the President
For FY2013, thanks to steady performance in key business segments and a weaker yen, OKI Group's net sales increased by 27.3 billion yen year-on-year to 483.1 billion yen. Reductions in fixed and other costs, an improved product mix resulting from structural reforms in the Printers business, and a weaker yen led to operating income growth of 13.7 billion yen year-on-year to 27.2 billion yen. Gains on currency exchange and other factors led to ordinary income growth of 16.4 billion yen year-on-year to 36.7 billion yen, while various factors, including the recording of costs of revamping the Printers business structure and other businesses, led to net income growth of 13.8 billion yen year-on-year to 27.4 billion yen.
OKI had set resuming dividend payments as a FY2013 management target. Based on its business performance and financial conditions, the company plans to pay dividends of 3.0 yen/share at the end of the fiscal year.
FY2014 marks the first fiscal year of the OKI Group's Mid-term Business Plan 2016. Under this business plan, the Info-telecom Systems business will strive to capture the strong current domestic demand while growing revenues in the China ATM business, an area that has entered a phase of stable growth. The Printers business will strive to improve its profitability through stronger marketing strategies. In addition, OKI will accelerate the development of its global businesses by establishing a stable ATM business in Brazil and by expanding ATM sales in other regions. To achieve sustainable growth, OKI will undertake full-scale activities to venture into the next-generation social infrastructure business, and develop businesses in the areas of medicine, new energy, and other fields in the maintenance and EMS businesses.
Through these efforts, OKI plans to achieve net sales of 525.0 billion yen, operating income of 28.5 billion yen, and net income of 17.5 billion yen.
Based on the business plan described above and OKI's dividends policy, plans call for annual dividends of 4.0 yen/share in FY2014: 2.0 yen/share in interim dividends and 2.0 yen/share in year-end dividends. OKI will continue to grant the highest priority to paying stable, sustained dividends to its shareholders.
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.
May 8, 2014