Oki Electric reports first quarter loss amid declining sales

Oki Electric Industry's first-quarter consolidated sales for the fiscal year ending March 2026 decreased by 12.8 billion yen to 85.1 billion yen, resulting in an operating loss of 1.4 billion yen.

The decline was primarily attributed to the completion of large projects, including new banknote-compatible systems.

Despite the revenue decrease, the company's full-year outlook remains unchanged from the 450 billion yen sales and 19 billion yen operating profit forecast.