In the nine months period Oki reported decreased net sales but operating profit improved year-on-year (YoY).

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In the nine months period Oki reported decreased net sales but operating profit improved year-on-year (YoY).
In the company’s latest financials results for the nine months period ended 31 December 2021, the company recorded a year-on-year (YoY) increase of 171% in operating profits and an 11.8% increase YoY in net sales.
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The company said that the revenue increased mainly due to good performance in the machinery business, and business segment profits decreased due to “a significant increase in logistics costs and parts and materials costs.”