October 27, 2021
OKK, a machine tool builder, announced its financial results for the fiscal year ended March 31, 2021 on October 6, 2021. Sales fell 43.4% YoY to 12.0 billion yen. Operating income was 2.7 billion yen in the red, ordinary income was 2.4 billion yen in the red, and final income was 2.4 billion yen in the red. Due to the impact of COVID-19, OKK’s sales and profits were both sluggish.
OKK expects sales to increase 29.9% YoY to 15.7 billion yen in FY3/2022. The outlook for final profit and loss is a deficit of 1.1 billion yen.
On October 12, 2021, the company also announced its Q1 FY3/2022 results. Sales increased 35.5% YoY to 2.7 billion yen. However, the company posted an operating loss of 300 million yen, a recurring loss of 200 million yen, and a final loss of 300 million yen.
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