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OKI releases financial results

OKI releases financial results

February 1, 2018

The OEM has published its financial results for the first nine months of the current financial year.

The Japanese OEM has released its latest batch of financial data, declaring that its performance “is generally going according to its plan.”

Net sales for the first nine months of the current financial year totalled ¥300 billion ($2.73 billion/€2.2 billion), down from ¥304.9 billion ($2.77 billion/€2.23 billion) in the equivalent period the year before. OKI also saw a drop in operating income, now running at a loss of ¥2.8 billion ($25.5 million/€20.5 million), down from a profit of ¥400 million ($3.6 million/€2.9 million) in the previous year, although the company insisted this was “along with its plan.”

In ordinary income, OKI are also running at a loss, of ¥1.7 billion ($15.5 million/€12.4 million), although this is actually a positive result, showing a growth of ¥2.6 billion ($23.7 million/€19 million) since the same time last year.

Examining the figures by segment, the OEM’s net sales of printers dropped slightly, but was still healthy, at ¥80.2 billion ($730.9 million/€587.9 billion), down from ¥82 billion ($747.3 million/€601 million). Operating income from the printer segment also rose to ¥2 billion ($18.2 million/€14.6 million), an increase of ¥2.7 billion ($24.6 million/€19.7 million) to bring the segment back into profit; it was also the highest level of growth of all major segments for OKI. Despite this, the OEM plans a reformation of the structure of its printer business, which it aims to have completed by the culmination of this fiscal year.

Categories : City News

Tags : Financials Japan OEM OKI

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