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Financial results presentation6703Oki Electric Industry Company,LimitedElectrical Equipment and Precision Instruments

FY2025 Financial Results Overview

In FY2025, revenue declined as large projects rolled off, but operating income and net income were secured through higher profits in Public Solutions and one-off factors. Net income increased significantly. For FY2026, the company plans higher revenue and profits, but net income is expected to decline due to the reversal of special gains.

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Contents of this document

Financial results presentationFY2025 full year9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,216 100 million-7.0%
Operating profit¥188 100 million+1.0%
Ordinary income¥208 100 million+24.0%
Net income¥215 100 million+72.0%
Operating profit margin4.5 %
Results for the three months of the current quarter
Q4 FY2025
Net Sales
¥1,394 100 million
Operating profit
¥127 100 million
Full-year earnings forecast
FY2026 Full Year
Net Sales
¥4,400 100 million
Operating profit
¥220 100 million
Ordinary income
¥220 100 million
Net income
¥180 100 million
Operating profit margin
5 %
ROE
10 %
Equity ratio
40 %
Dividend per share
¥65
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
The D/EMS business fell short of its plan for the current fiscal year
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Volume changes and product mix-¥9.4 billion
  • Changes in fixed costs and other items+¥5.8 billion
  • Foreign Exchange Effects+¥200 million
  • One-off factor 1: allowance for doubtful accounts (prior-year impact)+¥3.9 billion
  • One-off factor 2: allowance for doubtful accounts (current-year impact)-¥300 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • AssumptionsAverage USD exchange rate
    FY2025¥150.8
    Fiscal 2026¥155
  • AssumptionsAverage EUR exchange rate
    FY2025¥174.8
    Fiscal 2026¥175
New initiatives
  • Transition to the New Management Plan 2031
  • Review of disclosure segments from FY2026
  • Establishment of an ATM joint venture with Hitachi, Ltd. planned for October 2026
  • Increase in capital expenditure and R&D investment
Key KPIsA metric the company considers important as a management benchmark.
  • ROE13.2 %
    Year on year against the same period last year+4.5 percentage points
  • Equity ratio40.5 %
    Year on year against the same period last year+5.1 percentage points
  • Debt-to-equity ratio0.5 times
    Year on year against the same period last year-0.2x
  • Dividend per share¥65
    Year on year against the same period last year+¥20
Segment results
Public Solutions
Net Sales
¥1,397 100 million
Operating profit
¥181 100 million
Year-on-Year Change in Revenue (%)7
Operating profit year-on-year_pct28
Enterprise solutions
Net Sales
¥1,506 100 million
Operating profit
¥103 100 million
Year-on-Year Change in Revenue (%)-16
Operating profit year-on-year_pct-21
Component Products
Net Sales
¥682 100 million
Operating profit
¥20 100 million
Year-on-Year Change in Revenue (%)-10
Operating profit year-on-year_pct-31
EMS
Net Sales
¥627 100 million
Operating profit
¥10 100 million
Year-on-Year Change in Revenue (%)-5
Other
Net Sales
¥5 100 million
Operating profit
¥-16 100 million
Medium-term management plan targets
New Management Plan 2031
Target fiscal yearFiscal 2031
Stated TargetFY2026 is the first year, with a plan to achieve an operating margin of at least 5%
Capital expenditures
¥240 100 million
Annual Dividend
Annual¥65
End of period¥65
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFY2025 full year
Net Sales¥4,216 100 million (YoY -7.0%)
Operating profit¥188 100 million (YoY +1.0%)
Ordinary income¥208 100 million (YoY +24.0%)
Net income¥215 100 million (YoY +72.0%)
Operating profit margin4.5 %
Results for the three months of the current quarterSubject Q4 FY2025 / Net Sales ¥1,394 100 million / Operating profit ¥127 100 million
Full-year earnings forecastSubject FY2026 Full Year / Net Sales ¥4,400 100 million / Operating profit ¥220 100 million / Ordinary income ¥220 100 million / Net income ¥180 100 million / Operating profit margin 5 % / ROE 10 % / Equity ratio 40 % / Dividend per share ¥65
Self-assessment against the planThe D/EMS business fell short of its plan for the current fiscal year
Segment resultsPublic Solutions Net Sales ¥1,397 100 million / Operating profit ¥181 100 million / Year-on-Year Change in Revenue (%) 7 / Operating profit year-on-year_pct 28 / Enterprise solutions Net Sales ¥1,506 100 million / Operating profit ¥103 100 million / Year-on-Year Change in Revenue (%) -16 / Operating profit year-on-year_pct -21 / Component Products Net Sales ¥682 100 million / Operating profit ¥20 100 million / Year-on-Year Change in Revenue (%) -10 / Operating profit year-on-year_pct -31 / EMS Net Sales ¥627 100 million / Operating profit ¥10 100 million / Year-on-Year Change in Revenue (%) -5 / Other Net Sales ¥5 100 million / Operating profit ¥-16 100 million
Breakdown of Factors Affecting the ChangeFactors Volume changes and product mix / Amount -¥9.4 billion, Factors Changes in fixed costs and other items / Amount +¥5.8 billion, Factors Foreign Exchange Effects / Amount +¥200 million, Factors One-off factor 1: allowance for doubtful accounts (prior-year impact) / Amount +¥3.9 billion, Factors One-off factor 2: allowance for doubtful accounts (current-year impact) / Amount -¥300 million
Key KPIsIndicator name ROE / Value 13.2 % / Year on year against the same period last year +4.5 percentage points, Indicator name Equity ratio / Value 40.5 % / Year on year against the same period last year +5.1 percentage points, Indicator name Debt-to-equity ratio / Value 0.5 times / Year on year against the same period last year -0.2x, Indicator name Dividend per share / Value ¥65 / Year on year against the same period last year +¥20
Assumptions Underlying the Business OutlookAssumptions Average USD exchange rate / FY2025 ¥150.8 / Fiscal 2026 ¥155, Assumptions Average EUR exchange rate / FY2025 ¥174.8 / Fiscal 2026 ¥175
Medium-term management plan targetsName New Management Plan 2031 / Target fiscal year Fiscal 2031 / Stated Target FY2026 is the first year, with a plan to achieve an operating margin of at least 5%
Annual DividendAnnual ¥65 / Interim Not disclosed / End of period ¥65
Capital expenditures¥240 100 million
New initiativesTransition to the New Management Plan 2031, Review of disclosure segments from FY2026, Establishment of an ATM joint venture with Hitachi, Ltd. planned for October 2026, Increase in capital expenditure and R&D investment
Items this document does not state (13)
Gross Profit MarginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Revenue declined in FY2025 as large Enterprise Solutions projects rolled off, but profits were secured through strong performance in Public Solutions, structural reform in Component Products and one-off factors. Net income increased due to special gains related to エトリア社's participation, among other factors. As the first year of the New Management Plan 2031, the company plans to achieve higher revenue and profits in FY2026, while net income is expected to decline as the special gains recorded in the previous fiscal year will not recur.

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FY2025 Financial Results Overview | Oki Electric Industry Company,Limited (6703) timely disclosure | Komori