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6Annual Report 2014
1
Mid-term
Business Plan
2016:Corporate
Policy
2
Mid-term
Business Plan
2016: Key
Management
Targets
FEATURE: MID-TERM BUSINESS PLAN 2016
The OKI Group defi nes our medium- to long-term
vision in the Mid-term Business Plan 2016 as
“become a high-value added creation group, con-
tributing to the realization of safe and comfortable
society.” We have set group management plan,
a milestone set in order to achieve this vision.
Moreover, we established the Group’s corpo-
rate policy to proceed with this plan as “realizing
sustainable growth through continuous invest-
ment by securing stable profi tability.”
In contrast to the previous mid-term business plan aiming of management recon-
struction, the current mid-term plan steers the Group to the growth mode with
securing stable profi ts in core businesses. The new plan also fl exibly responds to
changes in the business environment and focuses on initiatives for sustainable
growth by expanding businesses in global markets and entering the fi eld of next-
generation social infrastructure.
In the Mid-term Business Plan 2016, we plan net
sales of ¥560.0 billion and operating income of
¥34.0 billion for the fi nal fi scal year 2016, and
target an operating profi t margin of 6%, a share-
holders’ equity ratio of more than 30%, and a
debt-equity ratio of less than 1 times as manage-
ment targets in the same year. The net sales
target is an increase of ¥76.9 billion from fi scal
year 2013 mainly in overseas sales, and the
operating income target is set as ¥6.8 billion growth driven largely by the Info-telecom
Systems business and the Printers business. In addition, the current plan targets an
overseas sales ratio of 40%.
Concurrent with business strategies towards growth, we set fi nancial strategies to
continuously strengthen the Group’s fi nancial foundation by securing periodic profi ts
and generating cash fl ows with working capital reduction. As for our dividend policy,
we will work to continuously and steadily deliver dividends in the future by securing
stable profi ts.
The OKI Group launched the Mid-term Business Plan 2016 in April 2014. Along with targeting oper-
ating income of ¥34.0 billion in fi scal year 2016 through sustainable growth, we aim to “become a
high-value added creation group, contributing to the realization of safe and comfortable society.”
Corporate policy
Realize sustainable growth
through continuous invest-
ment by securing stable
profi tability
Financial targets
Operating profi t margin 6%
Shareholders’
equity ratio More than 30%
DE ratio Less than1 times
Foreign exchange rate assumptions: ¥95/$ ¥125/€
Results and Mid-term Plan Targets
FY2013 results FY2016 targets
Net sales ¥483.1 billion ¥560.0 billion
Overseas sales ¥146.0 billion Expand
profi tability in
areas of specialty
¥220.0 billion
Operating income ¥27.2 billion ¥34.0 billion
Operating profi t margin 5.6% 6%
Shareholders’ equity ratio
21.5% Realize
sustainable growth
More than 30%
DE ratio 1.3 times Less than 1 times
Dividend ¥3 Stable dividend