Message from the President Corporate Information Message from the President
OKI Group recorded net sales of 93.2 billion yen, a 16.6 billion yen decrease year-on-year due to decline in sales volume in ICT business and Mechatronics Systems business and the impact of foreign exchange rates in Printers business. Operating income was 0.7 billion yen, a 2.8 billion yen decrease year-on-year due to decline in sales volume.
Ordinary loss came to 6.4 billion yen, a 12.3 billion yen worsened due to recording foreign exchange losses in this first quarter despite posting foreign exchange gains in non-operating income in the same period of the previous fiscal year. Loss attributable to owners of parent was 6.1 billion yen, a 9.3 billion yen worsened year-on-year.
The financial result for the first quarter was roughly the same as we planned despite decrease in sales and profit year-on-year. Moving forward, the OKI Group will make the utmost efforts to achieve its targets for this fiscal year and generate new businesses for sustainable growth.
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.
July 29, 2016