TOKYO, Oct. 28, 2004 (PRIMEZONE) -- Oki Electric Industry Co., Ltd. (Tokyo Stock Exchange:6703) today announced its summary of financial results for the first half (from April 1, 2004 to Sept. 30, 2004) of the fiscal year ending March 31, 2005 and the full year projections.
Summary of the Consolidated Financial Results 1st half 1st half Changes Full year Full year of FY of FY --------------- of FY of FY ending ended Amount Ratio ending ended Mar. 31, Mar. 31, Mar. 31, Mar. 31, 05 04 05 04 (projections) --------------------------------------------------------------------- Billion Billion Billion % Billion Billion yen yen yen yen yen Net sales 319.7 281.3 38.4 13.6 710.0 654.2 Operating income (loss) 1.5 (3.9) 5.4 -- 29.0 21.6 Recurring income (loss) (0.6) (8.2) 7.6 -- 21.0 12.5 Income (loss) before taxes (4.7) (14.7) 10.0 -- 16.0 2.3 Net income (loss) (2.9) (10.5) 7.6 -- 10.0 1.3 --------------------------------------------------------------------- Yen Yen Yen % Yen Yen Net income (loss) per share (4.82) (17.21) 12.39 -- 16.33 2.17 Diluted net income per share -- -- -- -- 16.33 2.17 --------------------------------------------------------------------- Billion Billion Billion % Billion Billion yen yen yen yen yen Total assets 584.6 609.0 (24.4) (4.0) -- 609.6 Total shareholders' equity 107.9 94.7 13.2 14.0 -- 110.5 --------------------------------------------------------------------- % % % Total shareholders' equity ratio 18.5 15.5 3.0 -- -- 18.1 --------------------------------------------------------------------- Yen Yen Yen % Yen Yen Shareholders' equity per share 176.43 154.75 21.68 14.0 -- 180.66 --------------------------------------------------------------------- Billion Billion Billion % Billion Billion yen yen yen yen yen Net cash provided by (used in) operating activities 30.8 27.1 3.7 14.0 65.0 92.3 Net cash (used in) provided by investing activities (28.5) (10.4) (18.1) -- (45.0) (19.2) Net cash used in financing activities (15.7) (9.3) (6.4) -- (25.0) (43.6) --------------------------------------------------------------------- -- Amounts are rounded to the nearest hundred million. -- The projections and plans on this material are subject to change depending upon the changes of business environments and other conditions.