Oki: Net sales decrease year-on-year

The company has released its first quarter results with net sales and operating income generally in line with forecasts.

Oki reported net sales of ¥79.9 billion ($/ ), a year-on-year decrease of ¥1.5 billion ($/ ). Operating income decreased ¥1.9 billion ($/ ) to a loss of -¥3 billion (-$/ -).

The components and platforms business segment, which includes printers, recorded net sales of ¥45.9 billion ($/ ), a year-on-year increase of ¥4.3 billion ($/ ). Oki said components sales increased in the first quarter. The company continued: “Demand for printer consumables increased upon the economic recovery in the Europe and the U.S. Emerging countries still facing COVID-19 impact.”

Oki added that the initial forecasts have been left unchanged.

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