The company has released its latest financial results, recording net sales increases of 17% year-on-year.
Oki Electric Industry Co., Ltd published its latest financial results, saying that “while both net sales and operating income were weak, they were mostly in line with previous forecasts.” Net sales for the period were ¥369.1 billion ($2.73 billion/ €2.5 billion), a year-on-year increase of 17%.
For the components and platforms business segment that includes OKI’s LED printers net sales for the period were ¥189.2 billion ($1.4 billion/ €1.28 billion), only a 0.2% increase year-on-year.