In OKI’s printer segment, net sales decreased to JPY 27.5 billion ($320 million) from JPY 29.9 billion ($348 million) last year. Operating loss for this segment increased by JPY 3.7 billion ($43 million) to JPY 4.7 billion ($54 million) between April and June.
The OEM blamed the loss on the price decline of previous models in Europe and the state of the economy in some areas of Europe.
In a presentation of its first quarter fiscal results, OKI said: “Sales [for the printer segment] decreased due to the challenging economic environment in certain regions across Europe and the unit price decline in previous models when new colour and mono NIP [non-impact printer] products were launched in Europe. It was also impacted by the currency exchange.
“Operating income declined due to the price fall, volume fluctuation and changes in product mix, in addition to the impact of the currency exchange.”
Operating income showed a loss at JPY -7.8 billion (-$90 million), up from the loss in the same period of last year of JPY -3.1 billion (-$36 million).
Net income also plunged to JPY-10.5 billion (-$122 million), compared to JPY -6.7 billion (-$78 million) during the first quarter in 2009.