Oki Electric Industry Co., Ltd. provided earnings guidance for the second quarter, first half and full fiscal year 2023. for the quarter, the company expected to increase revenues by more than JPY 10 billion from JPY 3 billion in the first quarter.

For the first half, the company expected an increase in revenue of about JPY 16 billion.

For the fiscal year, company expected year over year increase in revenues of approximately JPY 60 billion.