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Investor Relations

IR Announcement

October 29, 2020

To Whom It May Concern

Company
Oki Electric Industry Co., Ltd.
Representative
Shinya Kamagami
President
Representative Director
Code
6703 (First Section, TSE)
Contact
Atsushi Yamauchi
General Manager
Investor Relations
TEL
+81-3-3501-3836

Notice on Full-Year Consolidated Earnings Projections for the Fiscal Year Ending March 31, 2021

OKI announces its full-year consolidated earnings projections for the fiscal year ending March 31, 2021 (April 1, 2020 to March 31, 2021), which was partially undecided in the "Summary of Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2021 (J-GAAP) " announced on July 30, 2020.

1. Full-year consolidated earnings projections for the fiscal year ending March 31, 2021 (From April 1, 2020 to March 31, 2021)

  Net sales Operating income Ordinary income Profit attributable to owners of parent Net income per share
  million yen million yen million yen million yen yen
Previous projections (A) 405,000 8,500 undecied undecied undecied
Current projections (B) 405,000 8,500 8,000 1,000 11.55
Changes (B-A)
Percent change (%)
Reference: Results for the fiscal year ended March 31, 2020 457,223 16,829 13,804 14,086 162.80

2. Reasons of financial projections

In order to respond to the accelerated environmental changes triggered by the spread of COVID-19, OKI had been reviewing various measures for business structure reform. Therefore, it had not yet decided on part of its earnings projections for the fiscal year ending March 31, 2021. However, OKI has decided to announce its full-year earnings forecast after taking into consideration the recent performance trends and the impact on earnings from the review of various measures.

  • *The projections and plans on this document are subject to change depending upon the changes of business environments and other conditions.

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