OKI Reports Smaller Loss, but Net Sales Down
Oki Electric Industry Company of Tokyo, Japan, reported results for the six months that ended on September 30, 2017, with net sales down 2.7 percent to 194 billion yen, and a net income loss of 52.76 billion yen, which, however, was smaller than its reported loss for the same period a year earlier, which was 155.79 billion yen.
The firm states that overall it attained its goals for the six months. Sales of printers were roughly as planned, although sales decreased year-over-year. Printer sales totaled 51.8 billion yen, down 2.5 percent versus the same period a year earlier. However, operating income for the printer business improved due to the effects of favorable foreign-currency exchange rates and structural reform. Operating income for the printer business was 0.6 billion yen, versus a loss of 0.8 billion yen for the same period a year earlier.
- August 2017: OKI Reports Loss, Lower Sales for First Quarter
- May 2017: Difficult Fiscal Year for OKI, Cites Decline in Office Printing, Strong Yen
- February 2017: OKI Reports Loss for Nine-Month Period, Cites Yen, Decline in Demand for Office Printing
- November 2016: OKI Records Extraordinary Loss for First Half, Cuts Full-Year Forecast
- August 2016: Loss for Oki’s First Quarter, Cites Sharply Appreciated Yen
- May 2016: Sales, Profits Down for OKI’s Fiscal Year; Stronger Japanese Currency Seen as Culprit
- February 2016: OKI Struggles through Difficult Quarter, But Forecast Unchanged
- November 2015: Small Decline in Sales for OKI’s First Half, But Profits Slide; Will Expand Professional-Printer Business
- October 2015: OKI Sets Up New Wide-Format Printer Company with Acquisition of Seiko I Infotech’s Printer Business
- August 2015: Slight Dip in Printer/MFP Revenue for OKI’s First Quarter, but Total Sales Up