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Location: Home > About OKI > Investor Relations > IR Library > Financial Announcements > Allocation of Extraordinary Income and Loss


Investor Relations

Financial Announcements Financial Announcements

Mar. 30, 2007

Allocation of Extraordinary Income and Loss

Oki Electric Industry expects the allocation of extraordinary income and loss as follows:

  1. Extraordinary income
    • Gain on sales of marketable securities

      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.

  2. Extraordinary loss
    • Loss on marketable securities

      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.

    • Business structure revamping costs

      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.

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