OKI releases latest financial results

February 7, 2024

The company has released its latest financial results, recording significant increases in sales and operating income.

For the reporting period, net sales were ¥286.6 billion ($1.93 billion/ €1.79 billion), a ¥30 billion ($202.6 million/ €187.9 million) increase year-on-year. Operating income was up ¥10.6 billion ($70.9 million/ €65.8 million) at ¥5.8 billion ($39.2 million/ €36.3 million). OKI said that “the increase was due to a recovery from the impact of a production decline last year and an increase in the volume of large scale projects”.

Net sales for the Component Products segment, which includes OKI’s LED printers, saw net sales of ¥62.3 billion ($420.61 million/ €390.25 million). OKI explained that “printer operating income declined due to the impact of a significant decrease in net sales on stagnant overseas demand”.

OKI revised its full year 2023 forecasts slightly downwards from its initial expectations.

Categories : City News

Tags : Business Financials OEM OKI