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5
Annual Report 2014
In fi scal year 2013, the OKI Group achieved more
profi ts than forecasts through concerted efforts to
reach the targets, amid the gradually favorable busi-
ness conditions in Japan and abroad.
Net sales grew by ¥27.3 billion year on year to
¥483.1 billion due to fi rm earnings at key segments,
including the Info-Telecom Systems business, along
with a lift from a weaker yen. Operating income
climbed by ¥13.7 billion year on year to ¥27.2 billion
due to fi xed-cost cuts achieved via structural reforms
and an impact of product mix improvement in the
Printers business, in addition to a contribution from
the weaker yen. Ordinary income rose by ¥16.4 bil-
lion from the previous year to ¥36.7 billion due to
foreign exchange gains. Net income increased by
¥13.8 billion year on year to ¥27.4 billion, refl ecting
the booking of expenses arising from structural re-
forms in the Printers business etc.
Accordingly, in fi scal year 2013, we achieved
most numerical targets announced in the Mid-term
Business Plan 2013, which was released in October
2010. Over this span, we worked for growth and con-
solidation of our management foundation. It shows
that our efforts have borne fruit now. Because we
steadily accumulated profi ts and turned capable of
paying our dividend again, we paid a year-end divi-
dend of ¥3 per share in fi scal year 2013.
Fiscal year 2014 marks the fi rst year of the
Mid-term Business Plan 2016. We will accelerate
our efforts to realize sustainable growth by shift-
ing our focus from former “structural reforms” to
“growth”, while we will secure stable profi ts at
core businesses. The Info-Telecom Systems busi-
ness seeks to lock in solid demand in Japan and
expand overseas operations, while the Printers
business is working to improve its profi tability by
redefi ning its marketing strategy. Moreover, we
will enter next-generation social infrastructure busi-
nesses and develop the medical and new energy
fi elds in our maintenance and EMS businesses.
To maintain growth, building on the last results as
a foundation, we aim to reach our fi scal year 2014
forecasts for sales of ¥525.0 billion, up ¥41.9 billion
year on year, and operating income of ¥28.5 billion,
up ¥1.3 billion. Through the year, we will work to
secure results in progressing towards the targets in
the Mid-term Business Plan 2016.
Our per-share dividend plan for fi scal year 2014 is
to pay an interim dividend of ¥2 and a year-end divi-
dend of ¥2 for an aggregate full-year dividend of ¥4.
We will strive to return profi ts to our shareholders in
a continuous and stable manner, while we regard it
as one of the most important management issues.
I look forward to further support and cooperation
of all our stakeholders.
July 2014
Hideichi Kawasaki
President
Oki Electric Industry Co., Ltd.