Oki Electric Industry surged in afternoon trading. For its consolidated earnings forecast for the fiscal year ending March 2027, it raised revenue from ¥440 billion to ¥500 billion and operating profit from ¥22 billion to ¥25 billion.
Oki Electric Industry surged in afternoon trading. In its announced consolidated earnings forecast for the fiscal year ending March 2027, the company raised revenue from ¥440 billion to ¥500 billion and operating profit from ¥22 billion to ¥25 billion. The company explained that the forecast incorporates the impact of its joint venture with Hitachi, Ltd. in the automation equipment business. Net income, however, remains unchanged from the previous plan at ¥18 billion.
For the six months ended September, revenue was ¥188.643 billion, operating loss was ¥9.89 billion and net loss was ¥3.516 billion. The financial solutions business reported lower revenue and profit due in part to lower volumes in the hardware and solutions businesses, while the recording of special retirement payments also weighed on net income.