A Company Creating “Critical Products and Experiences” Through Medium-Term Management Plan 2022

「As a result of these initiatives, net sales and operating income recovered at a faster pace than expected, enabling us to reach the target levels set in the plan ahead of schedule in terms of business performance.」

「Against this backdrop, OKI’s vision for 2031, its 150th anniversary, is to provide value that helps resolve social issues in 3 contribution areas: “safe and convenient social infrastructure,” “fulfilling work and improved productivity,” and “preservation of the global environment,” as a company that keeps social infrastructure operating and contributes to its maintenance. To realize this vision, we launched Medium-Term Business Plan 2025, or “Medium-Term Plan 2025,” last fiscal year. In the current fiscal year, the second year of Medium-Term Plan 2025, we are accelerating cultural reform and a change in our way of working, and further advancing our shift toward growth.」

「The OKI Group formulated a new Medium-Term Business Plan 2025 and updated its materiality.」

「Against this backdrop, OKI is treating strengthening its ability to respond to the above risks as an urgent priority while pursuing the completion of the groundwork for sustainable growth through the resolution of social issues. Based on the OKI Group's materialities, we are also working to create products and services that address 7 social issues: aging infrastructure, natural disasters, traffic issues, environmental issues, labor shortages, labor productivity and the spread of infectious diseases.」

「Against this backdrop, OKI is treating strengthening its ability to respond to the above risks as an urgent priority while pursuing the completion of the groundwork for sustainable growth through the resolution of social issues. Based on the OKI Group's materialities, we are also working to create products and services that address 7 social issues: aging infrastructure, natural disasters, traffic issues, environmental issues, labor shortages, labor productivity and the spread of infectious diseases.」

「Results were generally in line with the plan, partly due to the effects of structural reforms in information equipment undertaken under this medium-term business plan.」

「The operating loss was ¥1.2 billion, an improvement of ¥2.5 billion from the same period of the previous year. Although the impact of component shortages on automated equipment expanded in the second quarter, results were generally in line with the plan, partly due to the effects of structural reforms in information equipment undertaken under this medium-term business plan.」

「Over the medium to long term, the OKI Group aims to resolve social issues through the creation of critical products and services. Medium-Term Business Plan 2022 is positioned as the foundation for growth, and calls for the reconstruction of the business portfolio and the strengthening of the manufacturing foundation.」

「Under the key message, “Building a safe and secure society,” we will steadily establish the foundation for achieving sustainable growth through the resolution of social issues during the period of this medium-term plan. Our management targets included operating income of ¥20.0 billion and an equity ratio of 30% for the fiscal year ending March 2023, but more important than these targets is building a business foundation capable of sustaining growth after they are achieved.」

「As stated in Medium-Term Management Plan 2022, announced in October 2020, we will invest in research into advanced technologies needed to remain “a company that solves social issues through critical manufacturing and creation of new value.”」