OKI Reports Smaller Loss, but Net Sales Down

Advertisements

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.

Advertisements

More Resources

Advertisements
%d bloggers like this: