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Oki Electric Industry Co., Ltd. Annual Report 200234
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 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 web site at http://www.oki.com.
Contents
OKI AT A GLANCE 01
TO OUR SHAREHOLDERS 02
INTERVIEW WITH THE PRESIDENT 03
REVIEW OF OPERATIONS 06
R&D HIGHLIGHTS 12
ENVIRONMENTAL AND SOCIAL ACTIVITIES 13
MANAGEMENT 14
SIX-YEAR SUMMARY 15
FINANCIAL REVIEW 16
CONSOLIDATED BALANCE SHEETS 19
CONSOLIDATED STATEMENTS OF OPERATIONS 20
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
20
CONSOLIDATED STATEMENTS OF CASH FLOWS 21
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 22
REPORT OF CERTIFIED PUBLIC ACCOUNTANTS 31
OFFICES 32
GLOSSARY OF ACRONYMS 34
INVESTOR INFORMATION 35
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, which are based on manage-
ment’s beliefs in light of information currently available. Actual
results may differ materially from those anticipated in these state-
ments. Potential uncertainties include, but are not limited to, eco-
nomic conditions in major markets, changes in product demand
and currency exchange fluctuations.
Percentage Thousands of
Millions of yen change U.S. dollars
2002 2001 2002/2001 2002
Net sales ..................................................................................... ¥604,572 ¥740,250 (18.3%) $4,545,646
Operating (loss) income ............................................................. (27,247) 28,314 —%) (204,868)
Net (loss) income ....................................................................... (34,077) 8,944 —%)(256,222)
Total assets ................................................................................. 651,581 732,483 (11.0))4,899,109
Total shareholders’ equity .......................................................... 109,066 148,844 (26.7))820,050
Common stock............................................................................ 67,862 67,862 0.0)) 510,243
Percentage
Yen change U.S. dollars
Net (loss) income per share........................................................ ¥(55.66.)¥14.61.—%)$(0.41.)
Number of employees ................................................................ 23,597 25,626 (7.9%))
Note: U.S. dollar amounts in this annual report are translated from yen, for convenience only, at the rate of ¥133=US$1, the approximate exchange rate prevailing
on March 31, 2002.
Oki Electric Industry Co., Ltd., and consolidated subsidiaries
Years ended March 31, 2002 and 2001
FINANCIAL HIGHLIGHTS