Oki reports significant decrease in net sales
February 4, 2021
The latest company to report its consolidated financial results is Oki, reporting a decrease of ¥61 billion ($579 million/ €483 million) in net sales for the nine-months period ended 31 December 2020.
For the nine-month period Oki reported net sales of ¥266.9 billion ($2.53 billion/ €2.11 billion), a significant decrease year-on-year of ¥61 billion ($579 million/ €483 million). Operating income was a loss of ¥2.6 billion ($24.7 million/ €20.6 million) for the reporting period.
For its Components & Platforms segment, which now includes printers, sales fell ¥25.8 billion ($245 million/ €204 million), to ¥135.2 billion ($1.28 billion/ €1.1 billion) for the nine-month period. Oki said that this is due to continued impact from COVID-19 and mainly the overseas markets. In particular, the Asian markets have been more stagnant according to Oki. The company has seen some improvements in Europe and the United States though.
Categories : City News
Tags : Business Financials OEM OKI
