OKI Announces Consolidated Financial Results for the First Half (Apr.-Sept.) of the Fiscal Year ending March 31, 2015 and Revises Full-Year Consolidated Earnings Projections for the Fiscal Year ending March 31, 2015
TOKYO, October 31, 2014 -- Oki Electric Industry Co., Ltd. (TSE:6703) today announced its summary of consolidated financial results for the first half (from April 1, 2014 to September 30, 2014) of the fiscal year ending March 31, 2015.
OKI has also 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 May 8, 2014, in light of recent business performance.
1. Summary of the Consolidated Financial Results
1H of FY Mar. 31, 2015 | 1H of FY Mar. 31, 2014 | Changes | <Projections> Full year end. FY Mar. 31, 2015 |
<Results> FY end. Mar. 31, 2014 |
||
---|---|---|---|---|---|---|
Amount | Ratio | |||||
Billion yen | Billion yen | Billion yen | % | Billion yen | Billion yen | |
Net sales | 228.8 | 204.0 | 24.8 | 12.2 | 535.0 | 483.1 |
Operating income | 6.6 | 2.8 | 3.8 | 134.5 | 30.0 | 27.2 |
Ordinary income | 9.6 | 7.0 | 2.6 | 37.5 | 29.0 | 36.7 |
Net income | 10.3 | 1.8 | 8.5 | 465.3 | 21.0 | 27.4 |
Yen | Yen | Yen | % | Yen | Yen | |
Net income per share | 12.83 | 2.49 | 10.34 | 414.8 | 25.47 | 36.21 |
Diluted net income per share | 11.83 | 1.73 | 10.10 | 582.4 | — | 26.13 |
Billion yen | Billion yen | Billion yen | % | Billion yen | Billion yen | |
Total assets | 411.9 | 345.8 | 66.1 | 19.1 | — | 412.5 |
Net assets | 94.0 | 55.6 | 38.4 | 69.1 | — | 91.9 |
% | % | % | % | % | ||
Shareholders' equity ratio | 22.2 | 15.9 | 6.3 | — | 21.5 | |
Billion yen | Billion yen | Billion yen | % | Billion yen | Billion yen | |
Cash flows from operating activities | 23.0 | 14.6 | 8.4 | 57.2 | 25.0 | 31.9 |
Cash flows from investing activities | -10.0 | -3.9 | -6.1 | — | -15.0 | -14.0 |
Free cash flows | 13.0 | 10.7 | 2.3 | 21.0 | 10.0 | 17.9 |
Cash flows from financing activities | -8.4 | 0.7 | -9.1 | — | — | -4.3 |
2. Revision of full-year consolidated earnings projections for the fiscal year ending 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) | 525.0 | 28.5 | 25.5 | 17.5 | 22.68 |
Revised projections (B) | 535.0 | 30.0 | 29.0 | 21.0 | 25.47 |
Changes (B-A) | 10.0 | 1.5 | 3.5 | 3.5 | — |
Percent change (%) | 1.9 | 5.3 | 13.7 | 20.0 | — |
Reference: Results for the full-year of the fiscal year ended March 2014 | 483.1 | 27.2 | 36.7 | 27.4 | 36.21 |
3. Reasons of revision
OKI revised full-year consolidated earnings projections for the fiscal year ending March 31, 2015 from its previous projections announced on May 8, mainly against the backdrop of steady progress in Info-telecom business due to favorable sales of ATMs for overseas market, including China and digitalization of fire prevention wireless systems. As for Printer business, sales of strategic products designed for office solution and professional market and high-end products designed for office printer market are favorable. In addition, sales of EMS business continues stably as planned.
The 2H exchange rates for the full-year projections are 105 yen/USD and 135 yen/Euro.
- *Amounts are rounded to the nearest hundred million.
- *The projections and plans in this document are subject to change depending upon the changes of business environments and other conditions.
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