Strengthening the Business Foundation and Creating New Growth Businesses

「We will steadily increase production capacity to meet growing defense demand and strengthen our response to overseas transfers of defense equipment. We will also strengthen our ability to respond to public-sector demand and promote initiatives addressing next-generation networks.」

「<Public Solutions Business> Revenue was ¥50.3 billion, up ¥9.0 billion, or 21.7%, year on year, and operating profit was ¥2.0 billion, an improvement of ¥2.5 billion. Under favorable market conditions, both the social infrastructure solutions business and the specialized systems business recorded higher revenue, and operating profit improved substantially. Revenue generation is progressing steadily toward the annual target. <Enterprise Solutions Business> Revenue was ¥67.9 billion, down ¥19.2 billion, or 22.0%, year on year, and operating profit was ¥5.0 billion, down ¥6.3 billion, or 55.4%. Revenue and profit declined following the completion of large projects, but the operating margin reached 7.4%. We are working to stabilize earnings by capturing new market opportunities, reducing costs and taking other measures.」

「<Public Solutions Business> Revenue was ¥41.3 billion, up ¥2.0 billion, or 5.1%, year on year, and the operating loss was ¥500 million, an improvement of ¥300 million. Revenue increased and the operating loss improved as road and defense-related projects grew. Orders received during the fiscal year are also progressing steadily. <Enterprise Solutions Business> Revenue was ¥87.1 billion, up ¥23.2 billion, or 36.2%, year on year, and operating profit was ¥11.3 billion, up ¥7.4 billion, or 190.7%. Revenue and profit increased substantially due to the continuation of large projects from the second half of the previous fiscal year and the absence of the impact of higher materials costs in the same interim period of the previous fiscal year. <Component Products Business> Revenue was ¥36.7 billion, up ¥1.8 billion, or 5.0%, year on year, and operating profit was ¥900 million, up ¥400 million, or 100.7%. Revenue increased due to higher OEM volumes and foreign exchange effects, while operating profit increased as a result of cost reductions and other measures.」

「In fiscal 2024, the second year of the medium-term management plan, we will accelerate our cultural transformation and change in operating style and further shift toward growth. ・Growth businesses Public Solutions is steadily securing projects, mainly in fire services, disaster prevention, roads and specialized equipment. EMS will reliably respond to the market recovery by strengthening production capacity. ・Stabilization businesses Enterprise Solutions will continue to execute large projects reliably while promoting a shift toward a more resilient management structure for the future. Component Products will promote OEM expansion and rationalization of its development and production systems. ・Creation of future businesses We will pursue a strategy to expand the Crystal Film Bonding (CFB) business. As part of restarting our overseas business, we will promote activities at our global R&D centers.」

「During the cumulative third quarter of the current fiscal year, revenue was ¥286.6 billion, up ¥30.0 billion, or 11.7%, year on year. Revenue increased as the impact of reduced production caused by difficulties in procuring materials improved and volumes increased, including from large projects in the Enterprise Solutions business.」

「From the first quarter of the current fiscal year, we reorganized the business into 4 segments—Public Solutions, Enterprise Solutions, Component Products and EMS—as a new business structure focused on optimizing business scale and the value chain and strengthening business management.」

「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.」

「Against this backdrop, OKI is continuing to pursue structural reforms with the aim of completing 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 continuing to pursue structural reforms with the aim of completing 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 continuing to pursue structural reforms with the aim of completing 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.」

「Specifically, we will review our existing business portfolio and create products and services that meet social needs, such as those requiring no face-to-face interaction or physical contact. To achieve these goals, we reviewed our business structure in April 2020. In line with this, we are also undertaking a large-scale reallocation of development resources, including personnel.」

「To address the social issues arising from these changes in the business environment, OKI is accelerating innovation through co-creation while working to rebuild its business portfolio and strengthen its management foundation.」

「To address the social issues arising from these changes in the business environment, OKI is accelerating innovation through co-creation while working to rebuild its business portfolio and strengthen its management foundation.」

「To address the social issues arising from these changes in the business environment, OKI is accelerating innovation through co-creation while working to rebuild its business portfolio and strengthen its management foundation.」

「Revenue was ¥157.3 billion, up ¥48.2 billion, or 44.2%, year on year. Business continued to progress steadily overall, supported by growth in large network construction projects for carriers and social infrastructure-related projects.」

「Revenue was ¥103.6 billion, up ¥35.3 billion, or 51.8%, year on year. Business progressed steadily overall, driven by large network construction projects for carriers and growth in social infrastructure-related projects. Revenue also benefited from the expanded scope of application of the percentage-of-completion method. Operating profit rose substantially with higher revenue to ¥5.9 billion, up ¥5.1 billion year on year.」

「<Information and Communications Business> Revenue was ¥52.8 billion, up ¥24.0 billion, or 83.5%, year on year. Business progressed steadily overall, driven by larger projects related to network construction for carriers and higher sales from certain government-related projects.」

「<Information and Communications Business> Revenue was ¥109.1 billion, up ¥1.9 billion, or 1.8%, year on year. Operating profit was ¥3.3 billion, up ¥600 million year on year, as we maintained the profit growth achieved through the cumulative second quarter from the difference in the composition of sales projects and more efficient management of development projects.」

「Operating profit was ¥800 million, up ¥700 million year on year, as profitability improved following more efficient management of development projects, in addition to the change in the composition of sales projects.」

「Against this business backdrop, the OKI Group's EMS business expanded steadily, partly due to the effect of newly consolidating OKI Electric Cable. The Printer business benefited from the weaker yen, while the Information and Communications business was affected by the loss of large network-related projects recorded in the same period of the previous year, and the Mechatronics Systems business no longer benefited from increased revenue resulting from the alignment of the accounting period of its Brazilian subsidiary. As a result, revenue was ¥88.9 billion, down ¥1.5 billion, or 1.6%, year on year. Operating loss was ¥0.8 billion, an improvement of ¥3.1 billion, due to differences in project mix in the Information and Communications business and the effects of business restructuring and the weaker yen in the Printer business.」

「<Information and Communications Business> Revenue was ¥107.2 billion, up ¥4.3 billion, or 4.2%, year on year. Revenue increased as certain projects for government agencies, social systems-related projects and construction projects grew. Operating profit was ¥2.7 billion, up ¥1.5 billion year on year, due to the change in the product mix and higher volumes.」

「Overall revenue increased, driven by growth in projects for certain government agencies, social infrastructure-related projects and construction projects. Operating profit was ¥100 million, an improvement of ¥400 million year on year, due to the change in the sales mix and higher volumes.」

「Accordingly, we will leverage OKI's strengths in networking, sensing and highly reliable manufacturing technologies to further strengthen the earnings power of our existing businesses.」

「In our existing businesses, we will work to maintain and improve profitability, with a focus on strengthening cost competitiveness. We will also actively make strategic investments in new product development and the creation of new businesses to expand our operations.」

「To achieve sustainable growth in response to these changes in the business environment, we will once again work to strengthen our business foundation. We will make our stable, primarily domestic revenue-generating businesses even more robust and pursue further earnings growth. At the same time, as a means of planting the seeds of new growth, we will integrate our businesses in the information and communications field to create new growth businesses.」