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OKI Revises Full-Year Consolidated Earnings Projections for the Fiscal Year ending March 31, 2015 and Dividend Projections

TOKYO, February 3, 2015 -- Oki Electric Industry Co., Ltd. (TOKYO:6703) today announced that it has revised its full-year consolidated earnings projections for the fiscal year ending March 31, 2015 (April 1, 2014 to March 31, 2015) from its previous projections announced on October 31, 2014 and its projection to year-end dividend, following the resolution of the Board of Directors held today.

1. Revision of full-year consolidated earnings projections for the fiscal year ending March 31, 2015 (From April 1, 2014 to March 31, 2015)

  Net sales Operating income Ordinary income Net income Net income per share
  billion yen billion yen billion yen billion yen yen
Previous projections (A) 535.0 30.0 29.0 21.0 25.47
Revised projections (B) 535.0 30.0 31.0 24.0 28.99
Changes (B-A) 2.0 3.0
Percent change (%) 6.9 14.3
Reference: Results for the fiscal year ended March 31, 2014 483.1 27.2 36.7 27.4 36.21

Reasons of revision

In light of first nine months performance and recent currency movement, OKI revised ordinary income of 31.0 billion yen (2.0 billion yen increase from the previous announcement) and net income of 24.0 billion yen (3.0 billion yen increase).
The 4th quarter (January 1 to March 31, 2015) of exchange rate for the full-year projections are 115 yen/USD and 135 yen/Euro.
For details, refer to "Financial Results for the 3rd Quarter of the FY ending March 31, 2015" announced today.

2. Revision of year-end dividends

Revision of projection for year-end dividend

  Annual dividend
Interim dividend Year-end dividend total
Previous projection (October 31, 2014) 2.00 yen 2.00 yen 4.00 yen
Revised projection 3.00 yen 5.00 yen
Actual 2.00 yen
Dividend for FY ended March 31, 2014 0.00 yen 3.00 yen 3.00 yen

Reason of revision

In light of revision of full-year consolidated earnings projections for the fiscal year ending March 31, 2015, OKI revised the projection for year-end dividend from 2 yen to 3 yen, thus the projection to annual dividend per share will be 5 yen (1 yen increase from the previous announcement).

  • Amounts are rounded to the nearest hundred million.
  • The projections and plans on this release are subject to change depending upon the changes of business environments and other conditions.
Press Contact:
Public Relations Division
Phone: +81-3-3501-3835
  • * 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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