Oki Announces Financial Results for the First Half (Apr. - Sept.) of the Fiscal Year ending March 31, 2006
Oct. 27, 2005, Tokyo, Japan -- Oki Electric Industry Co., Ltd. (TSE: 6703) today announced its summary of financial results for the first half (from April 1, 2005 to Sept. 30, 2005) of the fiscal year ending March 31, 2006 and the full year projections.
Summary of the Consolidated Financial Results
| 1st half of FY ending Mar. 31, 06 | 1st half of FY ended Mar. 31, 05 | Changes | Full year of FY ending Mar. 31, 06 (projections) |
Full year of FY ended Mar. 31, 05 | ||
|---|---|---|---|---|---|---|
| Amount | Ratio | |||||
| Billion yen | Billion yen | Billion yen | % | Billion yen | Billion yen | |
| Net sales | 319.1 | 319.7 | -0.6 | -0.2 | 710.0 | 688.5 |
| Operating income | -4.2 | 1.5 | -5.7 | — | 19.0 | 27.2 |
| Recurring income | -5.7 | -0.6 | -5.1 | — | 13.0 | 21.2 |
| Income before taxes | -6.0 | -4.7 | -1.3 | — | 11.0 | 18.5 |
| Net income | -3.9 | -2.9 | -1.0 | — | 6.5 | 11.2 |
| Yen | Yen | Yen | % | Yen | Yen | |
| Net income per share | -6.32 | -4.82 | -1.50 | — | 10.63 | 18.27 |
| Diluted net income per share | — | — | — | — | — | 17.87 |
| Billion yen | Billion yen | Billion yen | % | Billion yen | Billion yen | |
| Total assets | 601.6 | 584.6 | 17.0 | 2.9 | — | 608.0 |
| Total shareholders' equity | 122.7 | 107.9 | 14.8 | 13.7 | — | 124.8 |
| % | % | % | % | % | ||
| Total shareholders' equity ratio | 20.4 | 18.5 | 1.9 | — | 20.5 | |
| Yen | Yen | Yen | % | Yen | Yen | |
| Shareholders' equity per share | 200.69 | 176.43 | 24.26 | 13.8 | — | 204.11 |
| Billion yen | Billion yen | Billion yen | % | Billion yen | Billion yen | |
| Net cash provided by (used in) operating activities | -4.3 | 30.8 | -35.1 | — | 52.0 | 59.3 |
| Net cash (used in) provided by investing activities | -17.0 | -28.5 | 11.5 | — | -49.0 | -41.5 |
| Net cash used in financing activities | 5.8 | -15.7 | 21.5 | — | -6.8 | -26.9 |
- * Amounts are rounded to the nearest hundred million.
- * Projections for the fiscal year ending Mar. 31, 2006 was revised from the previous projections announced on July 28, 2005.
- * 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)
| 1st half of FY ended Mar. 31, 05 | 1st half of FY ending Mar. 31, 06 | Change (%) | FY ending Mar. 31, 2006 (projections) |
FY ended Mar. 31, 2005 | |
|---|---|---|---|---|---|
| Info-Telecom systems | 164.4 | 155.3 | -5.6 | 370.0 | 373.1 |
| Semiconductors | 76.6 | 77.6 | 1.4 | 158.0 | 150.7 |
| Printers | 65.2 | 71.0 | 9.0 | 157.0 | 137.7 |
| Other operations | 13.5 | 15.2 | 11.8 | 25.0 | 27.0 |
| Total | 319.7 | 319.1 | -0.2 | 710.0 | 688.5 |
2. Operating Income by Business Segments
(Billion yen)
| 1st half of FY ended Mar. 31, 05 | 1st half of FY ending Mar. 31, 06 | Change (%) | FY ending Mar. 31, 2006 (projections) |
FY ended Mar. 31, 2005 | |
|---|---|---|---|---|---|
| Info-Telecom systems | 0.2 | -1.6 | — | 15.0 | 15.8 |
| Semiconductors | 3.4 | 0.2 | -93.1 | 5.5 | 12.0 |
| Printers | 2.1 | 1.5 | -29.4 | 6.0 | 7.8 |
| Other operations | 1.2 | 1.1 | -2.3 | 2.5 | 2.5 |
| Corporate and eliminations | -5.4 | -5.4 | — | -10.0 | -10.9 |
| Total | 1.5 | -4.2 | — | 19.0 | 27.2 |
3. Acquisitions of Property, Plant and Equipment by Business Segments
(Billion yen)
| 1st half of FY ended Mar. 31, 05 | 1st half of FY ending Mar. 31, 06 | Change (%) | FY ending Mar. 31, 2006 (projections) |
FY ended Mar. 31, 2005 | |
|---|---|---|---|---|---|
| Info-Telecom systems | 2.0 | 2.1 | 5.9 | 8.0 | 5.1 |
| Semiconductors | 15.6 | 9.6 | -38.3 | 18.0 | 23.1 |
| Printers | 2.6 | 3.1 | 17.9 | 9.5 | 6.0 |
| Other operations | 2.3 | 1.4 | -39.2 | 3.5 | 3.6 |
| Total | 22.5 | 16.2 | -28.1 | 39.0 | 37.8 |
| Depreciation | 11.3 | 12.2 | 7.6 | 29.0 | 25.5 |
4. Research and Development Expenses by Business Segments
(Billion yen)
| 1st half of FY ended Mar. 31, 05 | 1st half of FY ending Mar. 31, 06 | Change (%) | FY ending Mar. 31, 2006 (projections) |
FY ended Mar. 31, 2005 | |
|---|---|---|---|---|---|
| Info-Telecom systems | 4.7 | 3.7 | -20.0 | 9.5 | 8.8 |
| Semiconductors | 2.7 | 2.7 | -1.7 | 5.3 | 5.2 |
| Printers | 2.4 | 2.2 | -10.0 | 4.5 | 4.9 |
| Other operations | 1.4 | 1.6 | 12.7 | 3.2 | 3.1 |
| Total | 11.2 | 10.2 | -9.3 | 22.5 | 22.0 |
- * Results for the FY ended March 2005 are restated in the new business segment.
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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.
