Oki Revises Earnings Projections and Dividend Forecast for Fiscal Year Ending March 31, 2002
October 2, 2001, Tokyo, Japan -- Oki Electric Industry Co., Ltd. announced today that it has revised its earnings projections for the fiscal year ending March 31, 2002. Also, the company will revise its dividend forecast per share for the same term.
- Revised P/L Projections for FY2001 ending March 31, 2002 (Consolidated)
| (April 1, 2001 - March 31, 2001)
|
| [Units: Millions of yen, percent] |
| |
Net Sales |
Recurring
Income (loss) |
Net
Income (loss) |
Earlier projections (A)
* Announced April 26, 2001 |
780,000 |
22,000 |
9,000 |
| Revised projections (B) |
700,000 |
5,000 |
(8,500) |
Increase (decrease) in value
(B-A) |
(80,000) |
(17,000) |
(17,500) |
| Increase (decrease) in percent |
(10.3) |
(77.3) |
- |
For term ended
March 31, 2001 |
740,250 |
22,240 |
8,944 |
- Revised P/L Projections for FY 2001 ending March 31, 2002 (Non-consolidated)
| (April 1, 2001 - March 31, 2002)
|
| [Units: Millions of yen, percent] |
| |
Net Sales |
Recurring
Income (loss) |
Net
Income (loss) |
Earlier projections (A)
* Announced April 26, 2001 |
565,000 |
21,000 |
11,000 |
| Revised projections (B) |
485,000 |
4,500 |
(5,500) |
Increase (decrease) in value
(B-A) |
(80,000) |
(17,000) |
(16,500) |
| Increase (decrease) in percent |
(14.2) |
(81.0) |
- |
For term ended
March 31, 2002 |
534,452 |
17,937 |
11,892 |
- Reasons for revisions in consolidated and non-consolidated earnings projections for FY2001
ending March 31, 2002
Due to the slowdown in the global economy, as well as slumps in IT investment and the semiconductor
market, Oki's net sales decreased. Recurring income will end up in the black, however, it will fall short of initial targets. Also, Oki's net income will likely decrease due to an extraordinary loss of 13.7 billion-yen, which resulted from a write-down of marketable securities, and a 6.0 billion-yen outlay for restructuring costs. Oki expects operating income of 15 billion yen on a consolidated basis and 8.5 billion yen on a non-consolidated basis.
- Revision in forecast for dividend for FY2001 ending March 31, 2002
Oki revised its dividend forecast, which was previously announced on April 26, 2001.
| |
April 1, 2001
- Sept. 30, 2001 |
Oct. 1, 2001
- March 31, 2002 |
Annual |
Forecast
(announced April, 26, 2001) |
0.00yen |
5.00yen |
5.00yen |
| Revised forecast |
0.00yen |
not yet determined |
not yet determined |
(Ref) Dividend per share
for FY2000 |
0.00yen |
5.00yen |
5.00yen |
Note: Please note that the projections, prospects, and targets mentioned above are based on current conditions in the business environment, and that actual results might differ, depending on future developments.
Press Contact:
Public Relations Division
Phone: +81-3-3580-8950 |
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| Information in the press releases is current on the date of the press announcement, but is subject to change without prior notice. | |
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