Mar. 30, 2007
Oki Electric Industry expects the allocation of extraordinary income and loss as follows:
OKI sold part of its marketable securities in order to improve its asset efficiency and financial strength. The company will report the gain of 3.4 billion yen in consolidated base and 3.3 billion yen in a non-consolidated base, as extraordinary income for the fiscal year ending March 2007.
OKI expects a 2.2 billion yen impairment loss (both consolidated base and non-consolidated base) in its marketable securities. The company will record the loss as extraordinary loss for the fiscal year ending March 2007.
OKI expects a 2.3 billion yen loss from discarding partial maintenance material inventory, etc. in order to revamp its structure in the telecom business. The company will record the loss as extraordinary loss for the fiscal year ending March 2007.