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Oki Electric Industry Co., Ltd., is a global manufacturer and marketer of
leading-edge multimedia networks and services.
Drawing on its research and development in information systems,
telecommunications systems and electronic devices, Oki Electric is helping
to shape the evolution of the information society.
The Company is a responsible corporate citizen that contributes to
the well-being of its host communities around the globe.
Please visit our global web site at http:/ / www.oki.com.
Contents
OKI AT A GLANCE 01
TO OUR SHAREHOLDERS 02
INTERVIEW WITH THE CHIEF EXECUTIVE OFFICER 04
REVIEW OF OPERATIONS 08
RESEARCH AND DEVELOPMENT HIGHLIGHTS 12
ENVIRONMENTAL AND SOCIAL ACTIVITIES 13
MANAGEMENT 14
SIX-YEAR SUMMARY 15
FINANCIAL REVIEW 16
CONSOLIDATED BALANCE SHEETS 18
CONSOLIDATED STATEMENTS OF OPERATIONS 19
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
19
CONSOLIDATED STATEMENTS OF CASH FLOWS 20
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 21
REPORT OF CERTIFIED PUBLIC ACCOUNTANTS 29
OFFICES 3 0
GLOSSARY OF ACRONYMS 32
INVESTOR INFORMATION 33
PROFILE
Disclaimer Regarding Forward-Looking Statements
Any plans, predictions, strategies and beliefs in this annual report,
other than those of historical fact, are forward-looking statements
about the future performance of Oki Electric, which are based on
management’s beliefs in light of information currently available.
Actual results may differ materially from those anticipated in these
statements. Potential uncertainties include, but are not limited to,
economic conditions in major markets, changes in product demand
and currency exchange fluctuations.
Percentage Thousands of
Millions of yen change U.S. dollars
2001 2000 2001/2000 2001
Net sales ..................................................................................... ¥740,250 ¥669,776 10.5%)$5,969,763
Operating income ....................................................................... 28,314 13,804 105.1%)228,345
Net income ................................................................................. 8,944 1,146 680.3%)72,129
Total assets ................................................................................. 732,483 748,432 (2.1%) 5,907,121
Total shareholders’ equity .......................................................... 148,844 142,563 4.4%)1,200,362
Common stock............................................................................ 67,862 67,862 0.0%)547,277
Percentage
Yen change U.S.dollars
Net income per share .................................................................. ¥14.61 ¥1.87 681.3%)$0.12
Number of employees ................................................................ 25,626 25,444 0.7%)
Notes: 1. U.S. dollar amounts in this annual report are translated from yen, for convenience only, at the rate of ¥124=US$1, the approximate exchange rate prevailing
on March 31, 2001.
2. The dates accompanying all graphs in this annual report refer to years ended March 31.
FINANCIAL HIGHLIGHTS
Oki Electric Industry Co., Ltd., and consolidated subsidiaries
Years ended March 31, 2001 and 2000