Oki Announces Financial Results for the Third Quarter (Oct. - Dec.) of the Fiscal Year ending March 31, 2004
Tokyo, Japan, January 28, 2004 -- Oki Electric Industry Co., Ltd. (TSE:6703) today announced its summary of financial results for the third quarter (from October 1 to December 31, 2003) and nine months (from April 1 to December 31, 2003) of the fiscal year ending March 31, 2004.
1. Summary of the Consolidated Financial Results for Nine Months of the FY ending Mar. 31, 2004 (Nine months ended Dec. 31, 2003)
| Nine months of FY ending Mar. 31, 04 | Nine months of FY ended Mar. 31, 03 | Change | Full year of FY ending Mar. 31, 04 (projection) |
Full year of FY ended Mar. 31, 03 | ||
|---|---|---|---|---|---|---|
| Amount | Ratio | |||||
| Billion yen | Billion yen | Billion yen | % | Billion yen | Billion yen | |
| Net sales | 428.3 | 360.9 | 67.4 | 18.7 | 650.0 | 585.5 |
| Operating income | -0.5 | -22.5 | 22.0 | — | 21.5 | 1.4 |
| Income before taxes | -16.3 | -33.7 | 17.4 | — | 12.5 | -3.5 |
| Net income | -11.5 | -21.2 | 9.7 | — | 4.5 | -6.6 |
| Yen | Yen | Yen | % | Yen | Yen | |
| Net income per share | -18.76 | -34.66 | 15.90 | — | 7.35 | -10.72 |
| Diluted net income per share | — | — | — | — | — | — |
| Billion yen | Billion yen | Billion yen | % | Billion yen | Billion yen | |
| Total assets | 610.7 | 620.5 | -9.8 | -1.6 | — | 622.9 |
| Total shareholders' equity | 94.9 | 83.7 | 11.2 | 13.3 | — | 101.3 |
| % | % | % | % | |||
| Total shareholders' equity ratio | 15.5 | 13.5 | 2.0 | — | — | 16.3 |
| Yen | Yen | Yen | % | Yen | Yen | |
| Shareholders' equity per share | 155.09 | 136.84 | 18.25 | 13.3 | — | 165.63 |
| Billion yen | Billion yen | Billion yen | % | Billion yen | Billion yen | |
| Net cash provided by (used in) operating activities | 38.7 | -32.6 | 71.3 | — | 81.5 | 0.2 |
| Net cash (used in) provided by investing activities | -7.6 | -8.9 | 1.3 | — | -30.0 | 4.3 |
| Net cash (used in) provided by financing activities | -12.6 | 23.8 | -36.4 | — | -40.0 | -20.1 |
2. Summary of the Consolidated Financial Results for the Third Quarter of the FY ending Mar. 31, 2004 (Three months ended Dec. 31, 2003)
| Third Quarter of FY ending Mar. 31, 04 | Third Quarter of FY ended Mar. 31, 03 | Change | ||
|---|---|---|---|---|
| Amount | Ratio | |||
| Billion yen | Billion yen | Billion yen | % | |
| Net sales | 147.0 | 110.2 | 36.8 | 33.3 |
| Operating income | 3.3 | -11.9 | 15.2 | — |
| Income before taxes | -1.6 | -15.2 | 13.6 | — |
| Net income | -0.9 | -9.7 | 8.8 | — |
| Yen | Yen | Yen | % | |
| Net income per share | -1.55 | -15.85 | 14.30 | — |
| Diluted net income per share | — | — | — | — |
- * Amounts are rounded to the nearest hundred million.
- * The projections and plans on this material are subject to change depending upon the changes of business environments and other conditions.
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