Oki Electric reports steep first-half profit decline, revises full-year sales

Oki Electric Industry reported a significant decline in consolidated operating profit for the six months ended September 30, 2025, falling 80.4% year-on-year to 1,207 million yen. Net sales decreased 9.2% to 179,396 million yen, and profit attributable to owners of parent dropped 75.3% to 587 million yen. The company noted that profit items progressed well overall, despite the absence of large-scale projects affecting Enterprise Solutions.

For the full fiscal year ending March 31, 2026, Oki Electric revised its net sales forecast downward by 10.0 billion yen to 440.0 billion yen, primarily due to adjustments in EMS sales. However, the operating income forecast remains unchanged at 19.0 billion yen. Profit attributable to owners of parent was revised upward by 2.0 billion yen to 16.0 billion yen, influenced by structural reforms and the sale of cross-shareholdings. The annual dividend per share is projected to remain at 50 yen.

Public Solutions reported a 22% increase in sales and improved operating performance, driven by Social Infrastructure Solutions and TOKKI Systems. In contrast, Enterprise Solutions experienced a 22% sales decrease due to the absence of large-scale projects, while Component Products saw an 12% sales decrease with weakened printer consumables sales. EMS sales declined 11%, leading to a full-year sales forecast revision for the segment.