Selecting Growth Areas and Concentrating Resources

「Through participation in ETRIA, the Company will promote the integration of technologies, including its LED printhead technology, and strengthen engine development capabilities to improve product competitiveness. At the same time, it aims to expand earnings by standardising engines and key components and improving production and procurement efficiency, while building a resilient production system capable of responding flexibly to changes in the operating environment.」

「At a meeting of the Board of Directors held on 21 May 2024, the Company resolved to transfer the precision small motor business of its consolidated subsidiary 沖マイクロ技研株式会社 to MABUCHI MOTOR CO.,LTD., and entered into a business transfer agreement on 4 June 2024.」

「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.」

「From the first quarter of the current consolidated fiscal year, 沖マイクロ技研株式会社 and its subsidiaries, which had previously been included in the Other segment, were reclassified to the Components & Platforms segment to improve profitability by sharing resources with and increasing the efficiency of the segment's subsidiaries.」

「Loss attributable to owners of the parent was ¥200 million, a deterioration of ¥14.3 billion from the previous consolidated fiscal year, due in part to the recognition of ¥4.6 billion in business restructuring costs associated with the review of the business portfolio and the reversal of part of deferred tax assets.」

「The merger of ODC into the Company is part of the measures in the OKI Group's medium-term management plan to respond to changes in the market environment. The Group aims to grow its Components & Platforms business by strengthening product development capabilities through shifting development resources from the printer business and leveraging ODC's global sales and production sites and production management functions across the Group.」

「From the perspective of improving asset efficiency and strengthening its financial position through effective use of management resources, the Company has adopted an asset-light office policy. Accordingly, as the fixed-term lease for the business centre it had acquired was approaching expiry, the Company sold it to a buyer that could continue using it stably under a lease agreement.」

「Transferred all shares in the newly established company on 9 April 2020.」

「Profit attributable to owners of the parent was ¥7.2 billion, ¥8.8 billion higher year on year, due in part to the recognition of a ¥4.8 billion gain on the sale of property, plant and equipment following the review of offices and other facilities and a ¥4.4 billion gain on the sale of investment securities as non-operating assets were reduced, partly offset by the recognition of ¥1.7 billion in business restructuring costs related to the transfer of the Brazilian subsidiary's business.」

「As a result of reviewing offices and other facilities following the merger between subsidiaries effective 1 April 2019, the Company recognised a ¥4.8 billion gain on the sale of property, plant and equipment. In addition, as a result of efforts to reduce non-operating assets from the perspective of asset efficiency, it recognised a ¥2.5 billion gain on the sale of investment securities, with both amounts recorded as extraordinary income.」

「Reviewed non-operating assets and sold certain investment securities, recognising ¥1.9 billion as extraordinary income.」

「At a meeting of the Board of Directors held on 2 February 2017, the Company resolved to transfer all shares in its consolidated subsidiary 株式会社沖センサデバイス to Mold-Tech Singapore PTE LTD, a subsidiary of Standex International Corporation, and transferred the shares on 31 March 2017.」

「As part of its growth strategy, the OKI Group is reviewing its business portfolio and assets overall to strengthen resources in future priority areas. OKI Sensor Device's reed switch business has held a leading global market share in the automotive and consumer electronics markets and has contributed to the Group. Following consideration of the business's future position within the OKI Group and its further development, the Group determined that transferring the shares to the Standex group, where synergies are expected, was the most appropriate course of action.」

「The OKI Group (the Company and its consolidated subsidiaries) has clarified its policy of selecting businesses and concentrating resources. It invests in capital equipment for R&D, new product development and production activities, focusing on areas with long-term growth prospects while considering the relationship between the viability of each business and investment, including cash flow and investment efficiency. The breakdown of capital investment for the consolidated fiscal year is as follows.」