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Oki releases latest financial results

Oki releases latest financial results

November 11, 2021

In the first half of financial year ending 31 March 2022, Oki recorded a decrease year-on-year in net sales.

Oki recorded net sales of ¥159.8 billion ($1.4 billion/ €1.2 billion), a decrease of ¥13.7 billion ($120 million/ €105 million) year-on-year. For the reporting period, Oki recorded an operating loss of -¥4.4 billion ($39 million/ €34 million). In its Components & Platforms business segment, which includes printers, net sales for the recording period were ¥90.7 billion ($796 million/ €694 million).

Oki explained that overall operating income decreased due to the decrease in sales. An extraordinary loss was recorded on restructuring costs due to closure of its printer plant in China which moved its production to the plant in Thailand.

In the Components & Platforms business segment Oki explained that the company saw a steady demand for printer consumables in Europe and the US. The production was impacted however by the shortage of materials. This material shortage Oki expects to continue into the second half.

Forecasts were kept unchanged.

Categories : City News

Tags : Business Financials OEM OKI Sales

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