The OEM has revealed its financial results for F1 of the current fiscal year, which concludes 31 March 2018.
Tokyo-based OKI Electric Industry Co., Ltd has announced its consolidated financial results for the first six months of this fiscal year, from 1 April 2017 to 30 September 2017.
The company’s net sales reached ¥194 billion ($1.7 billion/€1.46 billion) with the company projected to achieve total net sales for this fiscal year of ¥455 billion ($3.9 billion /€3.4 billion).
OKI’s printer sales hit ¥51.8 billion which the OEM described as “roughly as planned” despite a year-on-year decrease.
Operating income for F1 2018 was ¥4.1 billion ($35.9 million/€30.9 million), a figure which is projected to more than triple by the end of the fiscal year.
OKI reported its profit (loss) attributable to owners of parent as ¥4.6 billion ($40.3 million/€34.6 million) for the F1, and this is predicted to reach ¥8 billion ($70.14 million/€60.29 million) by the end of fiscal year 2018.