Message from the President Corporate Information Message from the President
The OKI Group recorded overall net sales were 304.9 billion yen, a 32.7 billion yen decrease year-on-year due to market changes in overseas business such as Mechatronics systems business and Printer business despite the domestic business including ICT business remained generally in line with expectations. Operating income was 0.4 billion yen, a 7.1 billion yen decrease year-on-year due to a decline in sales volume and the impact of currency exchange.
Ordinary loss was 4.3 billion yen, a deterioration of 8.1 billion yen year-on-year due to recording 4.3 billion yen of foreign exchange losses in non-operating expenses. Loss attributable to owners of parent was 12.0 billion yen, a 10.2 billion yen downturn year-on-year due to recording 2.5 billion yen of the loss related to the Antimonopoly Act as an extraordinary loss in the second quarter of fiscal year 2016.
For full-year consolidated earnings projections announced on October 28, 2016, overall business has been generally on track. The OKI Group is reviewing its business and assets to steadily implement future growth strategies as well as formulating next Mid-term Business Plan. We will work together as one towards sustainable growth in the future while implementing these measures.
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.
February 2, 2017