OKI Revenue Up, But Profits Tank
On February 9th, Oki Electric Company of Japan released results for its third quarter and nine-month period…
On February 9th, Oki Electric Company of Japan released results for its third quarter and nine-month period…
On May 11th, OKI Electric Company of Japan reported results for its fourth quarter and fiscal year…
OKI Electric Company of Tokyo, Japan, today released results for its nine-month period consisting of the nine months that ended on December 31, 2021.
Company said operating profit loss was due to supply-chain factors such as material shortages and “soaring raw materials prices.”
OKI Data Americas (ODA) announced that it’s named “Dennie” Kazuo Kawahara as president and CEO effective October 1st. Kawahara will......
OKI Electric Industry Company of Japan today reported financial results for its first quarter, which consisted of the three months......
OKI had expected that the impact of the COVID-19 pandemic on its business would ease in the second half of its fiscal year.
However, there was a temporary increase in printer consumables’ sales in the third quarter, in contrast to extreme decreases in the first and second quarters.
Like other printer/MFP vendors, OKI was hit hard by COVID-19 and office closures, but its printer/MFP revenue had been struggling since before the COVID-19 pandemic hit.
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The goal of Icahn and Deason isn’t to create the world’s largest copier/printer company, but instead appears to drive the Xerox share price to $40 and then sell.
But lower sales and operating income for OKI’s Printer group.