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Location: Home > About OKI > Investor Relations > Corporate Information > Message from the President


Investor Relations

Corporate Information Message from the President Corporate Information Message from the President


Shinya Kamagami
President

In the first nine months of FY2018, the OKI Group recorded net sales of 299.3 billion yen, down 0.7 billion yen year on year. The consolidation of OKI Electric Cable in the EMS business partially offset lower sales in the Mechatronics business. Operating income was 5.0 billion yen, up 7.8 billion yen year on year. This rise reflected improved earnings in the ICT business, stemming from structural changes in the sales mix. In the Printers business, income also benefited from lower fixed costs owing to business structure reforms, as well as from the impact of yen depreciation.

Ordinary income amounted to 2.8 billion yen, rising 4.5 billion yen year on year. This growth stemmed from improved operating income, despite the posting of foreign exchange losses of 1.5 billion yen in non-operating expenses. The loss attributable to owners of parent was 1.6 billion yen, shrinking 3.8 billion yen year on year. This improvement reflected a 1.4 billion yen gain on sales of non-current assets within extraordinary income and business structure improvement expenses of 2.0 billion yen within extraordinary losses.

OKI has revised its previous full-year projections, reflecting performance during the first nine months of the fiscal year. The Company now anticipates net sales of 444.0 billion yen (down 10.0 billion yen from the previous projections), operating income of 15.0 billion yen (up 1.0 billion yen), ordinary income of 13.0 billion yen (unchanged), and profit attributable to owners of parent of 5.0 billion yen (unchanged).

In certain markets the EMS business serves, we see signs of change in the operating environment. However, the Company expects these changes to have only a limited impact thanks to the Company's wide range of customers. Accordingly, we are moving forward with various measures to achieve our targets for the fiscal year. We will continue with groupwide initiatives to generate stable earnings with a view to sustainable future growth.

We are grateful for the continuing support and cooperation of all our shareholders and investors. I ask for your continued and steadfast support as we move forward.

February 1, 2019

S. Kamagami

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