The OEM has announced Q1 results for fiscal year ending 31 March 2020.
Oki reported in its Q1 fiscal year 2020 a net sales increase of 18.7 percent of ¥107.6 billion ($990 million/ €891 million) compared to ¥88.9 billion ($818 million/ €737 million) for the same period of the previous year.
In its explanation of segments it is reported though, that the only segment that increased its net sales is Oki’s Information and Communication Technologies (ICTs) segment Which the OEM says is due to increases in network-related and some government agency projects.
In the printing segment, net sales fell 2.3 percent to ¥22.9 billion ($210 million/ € 189 million) compared to ¥25.2 billion ($232 million/ €209 million) in the same period of the previous year. Operating income for the segment was down 1.4 percent, ¥0.5 billion ($4.6 million/ €4.1 million) compared to ¥1.9 billion ($17.5 million/ €15.7 million) for the same period of the previous year.
Oki explained the decrease in the printer segment as “due to the impact of declined sales for consumables and yen appreciation for Euro”.
