Oki Announces Financial Results for the Fiscal Year ended March 31, 2005
April 27, 2005, Tokyo, Japan -- Oki Electric Industry Co., Ltd. (TSE:6703) today announced its summary of the financial results for the fiscal year ended March 31, 2005 and the projections for the next fiscal year.
Summary of the Consolidated Financial Results
| FY ended Mar. 31, 2005 | FY ended Mar. 31, 2004 | Changes | FY ending Mar. 31, 2006 (projections) |
Changes | |||
|---|---|---|---|---|---|---|---|
| Amount | Ratio | Amount | Ratio | ||||
| Billion yen | Billion yen | Billion yen | % | Billion yen | Billion yen | % | |
| Net sales | 688.5 | 654.2 | 34.3 | 5.2 | 720.0 | 31.5 | 4.6 |
| Operating income | 27.2 | 21.6 | 5.6 | 26.0 | 28.5 | 1.3 | 4.7 |
| Recurring income | 21.2 | 12.5 | 8.7 | 69.9 | 21.5 | 0.3 | 1.6 |
| Income before taxes | 18.5 | 2.3 | 16.2 | 704.7 | 18.5 | 0 | -0.2 |
| Net income | 11.2 | 1.3 | 9.9 | 741.2 | 11.5 | 0.3 | 2.9 |
| Yen | Yen | Yen | % | Yen | Yen | % | |
| Net income per share | 18.27 | 2.17 | 16.10 | 741.4 | 18.80 | 0.53 | — |
| Diluted net income per share | 17.87 | 2.17 | 15.70 | 723.2 | — | — | — |
| Billion yen | Billion yen | Billion yen | % | Billion yen | Billion yen | % | |
| Total assets | 608.0 | 609.6 | -1.6 | -0.3 | — | — | — |
| Total shareholders' equity | 124.8 | 110.5 | 14.3 | 13.0 | — | — | — |
| % | % | % | |||||
| Total shareholders' equity ratio | 20.5 | 18.1 | 2.4 | — | — | — | — |
| Yen | Yen | Yen | % | Yen | Yen | % | |
| Shareholders' equity per share | 204.11 | 180.66 | 23.45 | 13.0 | — | — | — |
| Billion yen | Billion yen | Billion yen | % | Billion yen | Billion yen | % | |
| Net cash provided by operating activities | 59.3 | 92.3 | -33.0 | -35.7 | 68.0 | 8.7 | 14.6 |
| Net cash (used in) provided by investing activities | -41.5 | -19.2 | -22.3 | — | -48.0 | -6.5 | — |
| Net cash used in financing activities | -26.9 | -43.6 | 16.7 | — | -21.8 | 5.1 | — |
- * 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.
Appendix
Consolidated Results by Business Segments
1. Net Sales by Business Segments (Sales to third party)
(Billion yen)
| FY ended Mar. 31, 2004 | FY ended Mar. 31, 2005 | Change (%) | |
|---|---|---|---|
| Information systems | 360.3 | 335.8 | -6.8 |
| Telecommunications systems | 104.6 | 135.3 | 29.3 |
| Electronic devices | 132.2 | 150.7 | 14.1 |
| Other operations | 57.1 | 66.7 | 16.8 |
| Total | 654.2 | 688.5 | 5.3 |
When results for the FY ended March 2005 are restated in the new business segment:
| FY ended Mar. 31, 2005 (restated) | FY ended Mar. 31, 2006 (projections) | Change (%) | |
|---|---|---|---|
| Info-telecom system | 373.1 | 380.0 | 1.8 |
| Semiconductor | 150.7 | 165.0 | 9.5 |
| Printer | 137.7 | 150.0 | 8.9 |
| Other operations | 27.0 | 25.0 | -7.3 |
| Total | 688.5 | 720.0 | 4.6 |
2. Operating Income by Business Segments
(Billion yen)
| FY ended Mar. 31, 2004 | FY ended Mar. 31, 2005 | Change (%) | |
|---|---|---|---|
| Information systems | 24.0 | 14.3 | -40.7 |
| Telecommunications systems | 3.4 | 7.9 | 133.2 |
| Electronic devices | 2.3 | 12.0 | 411.7 |
| Other operations | 2.8 | 4.0 | 42.1 |
| Corporate and eliminations | -10.9 | -11.0 | — |
| Total | 21.6 | 27.2 | 26.0 |
When results for the FY ended March 2005 are restated in the new business segment:
| FY ended Mar. 31, 2005 (restated) | FY ended Mar. 31, 2006 (projections) | Change (%) | |
|---|---|---|---|
| Info-telecom system | 15.8 | 18.5 | 17.0 |
| Semiconductor | 12.0 | 10.0 | -16.8 |
| Printer | 7.8 | 8.0 | 3.1 |
| Other operations | 2.5 | 2.5 | -1.2 |
| Corporate and eliminations | -10.9 | -10.5 | — |
| Total | 27.2 | 28.5 | 4.7 |
3. Capital Expenditure by Business Segments
(Billion yen)
| FY ended Mar. 31, 2004 | FY ended Mar. 31, 2005 | Change (%) | |
|---|---|---|---|
| Information systems | 7.3 | 9.3 | 26.2 |
| Telecommunications systems | 0.9 | 1.3 | 39.6 |
| Electronic devices | 15.4 | 23.1 | 49.7 |
| Other operations | 3.2 | 4.1 | 34.1 |
| Total | 26.8 | 37.8 | 41.1 |
| Depreciation | 24.4 | 25.5 | 4.5 |
When results for the FY ended March 2005 are restated in the new business segment:
| FY ended Mar. 31, 2005 (restated) | FY ended Mar. 31, 2006 (projections) | Change (%) | |
|---|---|---|---|
| Info-telecom system | 5.1 | 8.0 | 56.7 |
| Semiconductor | 23.1 | 18.0 | -22.1 |
| Printer | 6.0 | 8.5 | 42.8 |
| Other operations | 3.6 | 3.5 | -4.3 |
| Total | 37.8 | 38.0 | 0.4 |
| Depreciation | 25.5 | 30.0 | 17.4 |
4. Research and Development Expenses by Business Segments
(Billion yen)
| FY ended Mar. 31, 2004 | FY ended Mar. 31, 2005 | Change (%) | |
|---|---|---|---|
| Information systems | 6.5 | 10.0 | 53.4 |
| Telecommunications systems | 2.2 | 3.5 | 59.2 |
| Electronic devices | 4.8 | 5.2 | 7.5 |
| Other operations | 2.6 | 3.3 | 28.3 |
| Total | 16.1 | 22.0 | 36.4 |
When results for the FY ended March 2005 are restated in the new business segment:
| FY ended Mar. 31, 2005 (restated) | FY ended Mar. 31, 2006 (projections) | Change (%) | |
|---|---|---|---|
| Info-telecom system | 8.8 | 10.0 | 13.7 |
| Semiconductor | 5.2 | 5.3 | 1.6 |
| Printer | 4.9 | 4.0 | -17.5 |
| Other operations | 3.1 | 3.2 | 2.4 |
| Total | 22.0 | 22.5 | 2.3 |
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