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Oki Electric IndCoLd (OKE)

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Wednesday 18 June, 2008

Oki Electric IndCoLd

Final Results

RNS Number : 9556W
Oki Electric Industry Co
18 June 2008
 

PRESS RELEASE

 

FOR IMMEDIATE RELEASE

No. e08034, 

e08035


Contact:

OKI Electric Industry Co., Ltd.

Investor Relations

Business Management & Promotion Div.

Phone: +81-3-3581-2424  

Email: ir-info@oki.com



OKI Makes Changes to its Financial Results for the Fiscal Year ended March 31, 2008 and announces its Projections for the Fiscal Year ending March 31, 2009


TOKYO, May 28, 2008 --- Oki Electric Industry Co., Ltd. (TSE: 6703) today announced that it has made changes to its financial results for the fiscal year ended March 31, 2008, which were announced on April 28, 2008.

The changes were made after an auditing firm pointed out the timing to post sales-related expenses at its U.S. based printer subsidiary. The costs include expenses for market research, new product promotion, and sales fees.


1.  Summary of the changes in consolidated financial results for the fiscal year ended March 2008



FM ended Mar. 31 2008

FY ended  Mar.31, 2007


Announced today 

Announced April 28, 2008

Changes 


Billion yen

Billion yen

Billion yen

Billion yen

Net sales

719.7

719.7

-

718.8

Operating income (loss)

6.2

8.7

(2.5)

(5.4)

Recurring income (loss)

(3.9)

(1.4)

(2.5)

(12.8)

Income (loss) before income taxes

5.0

7.5

(2.5)

(16.2)

Net income (loss)

0.6

3.0

(2.4)

(36.4)


Yen

Yen

Yen

Yen

Net income (loss) per share

0.83

4.42

(3.59)

(56.27)

Diluted net income per share

0.74

3.95

(3.21)

-

Dividend per share

0.00

0.00

-

0.00


Billion yen

Billion yen

Billion yen

Billion yen

Total assets

570.8

571.5

(0.7)

628.4

Total net assets

101.4

103.6

(2.2)

116.0


%

%

%

%

Total shareholders' equity ratio

16.6

17.0

(0.4)

17.4


Yen

Yen

Yen

Yen

Shareholders' equity per share

138.55

141.82

(3.27)

160.13


Billion yen

Billion yen

Billion yen

Billion yen

Cash flows from operating activities

40.0

40.0

-

16.1

Cash flows from investing activities

(20.4)

(20.4)

-

(34.9)

Cash flows from financing activities

(19.4)

(19.4)

-

28.1





2.  Summary of changes in unconsolidated financial results for the year ended March 2008



FM ended Mar. 31 2008

FY ended Mar. 31, 2007


Announced today 

Announced April 28, 2008

Changes 


Billion yen

Billion yen

Billion yen

Billion yen

Net sales

408.8

408.8

-

406.9

Operating income (loss)

(13.0)

(13.0)

-

(16.6)

Recurring income (loss)

(11.9)

(11.9)

-

(17.7)

Net incomes (loss)

(1.7)

(1.4)

(0.3)

(37.4)


Yen

Yen

Yen

Yen

Net income (loss) per share

(2.53)

(2.04)

(0.49)

(57.72)

Diluted net income per share

-

-

-

-


Billion yen

Billion yen

Billion yen

Billion yen

Total assets

426.1

426.1

-

476.8

Total shareholders' equity

93.7

94.0

(0.3)

108.5



3.  Summary of projections for the fiscal year ending March 2009



FM ended Mar. 31 2009 (projections)

FY ended Mar. 31, 2008 (results)



Billion yen


Billion yen

Net sales


700.0


719.7

Operating income (loss)


12.0


6.2

Recurring income (loss)


4.0


(3.9)

Net income (loss)


(14.0)


0.6



Yen


Yen

Net income (loss) per share


(20.05)


0.83



-Notes 

  *Amounts are rounded to the nearest hundred million.

  *The projections and plans on this material are subject to change depending upon 

the changes of business environments and other conditions.



This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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