#oki data

On August 10th, Oki Electric Company of Tokyo, Japan, released financial results for its first quarter, which consisted of the three months that ended on June 30, 2023. In general, net sales were up year-over-year due to a recovery in production, and although OKI reported a loss, it was much smaller than the loss it had reported for its first quarter a year earlier. Sales and operating profit for…

OKI Reports Losses, Higher Net Sales, as Supply-Chain Woes Continue

On November 9th, OKI Electric Company of Japan announced financial results for its second quarter and six-month period, with both ending on September 30, 2022. OKI reported losses for both periods, citing supply-chain problems, but on the plus side net sales were up year-over-year. First Half For the six-month period ending on September 30th (“first half”), net sales were ¥162.8 billion ($1.17…

OKI Reports Losses, But Maintains Forecast for Recovery

OKI Electric Industry Company of Japan today reported financial results for its first quarter, which consisted of the three months that ended on June 30, 2021. Net sales were ¥79.9 billion (U.S. $724 million), down 1.9 percent year-over-year; operating income was a loss of ¥3.0 billion (U.S. $27 million), versus a loss of ¥1.1 billion (U.S. $9 million) for the same quarter a year ago; and profit…

OKI Revises Full-Year Forecast

OKI Electric Company of Tokyo, Japan, today revised its forecast for its fiscal year that ended on March 31, 2021. OKI had announced its forecast in October 2020. For its fiscal year, OKI is now forecasting net sales of  ¥393 billion, versus  ¥457 billion for its previous fiscal year, and down 3 percent versus its previous forecast. It’s also forecasting operating income of ¥9.5 billion, versus…

OKI Reports Losses for Latest Nine-Month Period

Oki Electric Industry Company of Tokyo, Japan, today reported results for its latest nine-month period that ended on December 31, 2020. For the nine-month period, net sales were ¥266.9 billion, down 18.6 percent year-over-year. OKI stated that several factors, including the transfer of a Brazilian facility, and lower sales due to the COVID-19 pandemic, had an impact on sales. The firm reported an…