Press Releases

OKI Announces Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2024

TOKYO, August 10, 2023 -- OKI (TOKYO:6703) today announced its financial results for the first quarter (from April 1, 2023 to June 30, 2023) of the fiscal year ending March 31, 2024.

Summary of the Consolidated Financial Results

  Q1
FY2024/3
Q1
FY2023/3
Changes <Projections>
Full year
FY2024/3
<Results>
Full year
FY2023/3
Amount Ratio
  Billion yen Billion yen Billion yen % Billion yen Billion yen
Net sales 81.5 78.1 3.4 4.3 440.0 369.1
Operating income 0.0 -3.0 3.0 15.0 2.4
Ordinary income -0.3 -3.1 2.8 12.5 -0.3
Profit attributable to owners of parent -0.2 -3.2 3.0 8.0 -2.8
  yen yen yen % yen yen
Net income per share -1.81 -36.78 34.97 92.31 -32.33
Diluted net income per share
  Billion yen Billion yen Billion yen % Billion yen Billion yen
Total assets 386.5 371.6 14.9 4.0 390.4
Net assets 100.5 101.7 -1.2 -1.2 99.3
  % % %   % %
Shareholders' equity ratio 26.0 27.3 -1.3   25.4
  Billion yen Billion yen Billion yen % Billion yen Billion yen
Cash flows from operating activities 2.2 0.0 2.2 28.0 -3.1
Cash flows from investing activities -5.9 -4.9 -1.0 -24.0 -17.6
Free cash flows -3.7 -4.9 1.2 4.0 -20.7
Cash flows from financing activities -3.8 4.3 -8.1 23.3

  • * Amounts are rounded to the nearest hundred million.
  • * The full-year consolidated earnings forecast for the fiscal year ending March 31, 2024 has been revised from the figures announced on May 10, 2023.
  • * The projections and plans in this document are subject to change depending upon the changes of business environments and other conditions.

About Oki Electric Industry Co., Ltd. (OKI)

Founded in 1881, OKI is Japan's leading information and telecommunication manufacturer. Headquartered in Tokyo, Japan, OKI provides top-quality products, technologies, and solutions to customers through its Public Solutions, Enterprise Solutions, Component Products, and Electronics Manufacturing Services businesses. Its various business divisions function synergistically to bring to market exciting new products and technologies that meet a wide range of customer needs in various sectors. Visit OKI's global website at https://www.oki.com/.

  • Oki Electric Industry Co., Ltd. is referred to as "OKI" in this document.
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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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