FINANCIAL HIGHLIGHTS Oki Electric Industry Co., Ltd. and consolidated subsidiaries Years ended March 31 Thousands of U.S. dollars (Note 1) Millions of yen 2011 2012 2013 2014 2015 2015 ¥ 432,651 ¥ 423,480 ¥ 455,824 ¥ 483,112 ¥ 540,153 $ 4,501,275 Operating income 6,308 11,980 13,475 27,196 32,415 270,125 Net income (loss) (31,809) 1,555 13,599 27,359 33,091 275,758 Net cash (used in) provided by operating activities 1,588 22,791 (11,619) 31,868 40,999 341,658 Net cash (used in) provided by investing activities (4,423) (9,392) (9,214) (13,977) (18,583) (154,858) Free cash flow (2,835) 13,399 (20,833) 17,890 22,415 186,791 ¥ 368,822 ¥ 368,065 ¥ 349,322 ¥ 412,514 ¥ 439,358 $ 3,661,316 Shareholders’ equity 38,308 41,125 56,072 88,735 119,626 996,883 Interest-bearing debt 152,051 136,478 120,524 119,004 107,570 896,416 Return on assets (ROA) (%) (8.5) 0.4 3.8 7.2 7.8 Return on equity (ROE) (%) (80.7) 3.9 28.0 37.8 31.8 Shareholders’ equity (%) 10.4 11.2 16.1 21.5 27.2 Ended March 31 For the year Net sales At the year end Total assets Ratios U.S. dollars Yen (Note 1) Per share amounts Net income (loss) Net assets (shareholders’ equity, excluding warrants and minority interests in consolidated subsidiaries) Cash dividends ¥ (44.00) ¥ 0.32 ¥ 17.24 ¥ 36.21 ¥ 40.03 $ 0.33 11.37 13.42 34.40 79.32 137.74 1.14 — — — 3.00 5.00 0.04 16,697 16,736 17,459 21,090 20,653 Other information Number of employees Note 1: The U.S. dollar amounts in this annual report are translated from yen, for convenience only, at ¥120 = U.S. $1.00, the approximate exchange rate prevailing on March 31, 2015. Forward-looking Statements This annual report contains forward-looking statements concerning the OKI Group’s future plans, financial targets, technologies, products, services and performance. These forward-looking statements represent assumptions and beliefs based on data and calculation methods currently available to OKI as of the date of publication, and therefore OKI does not guarantee the accuracy of statements are subject to changes attributable to business risks and uncertainties, which may affect OKI’s performance and consequently cause actual results to differ from our forecasts. 2 Annual Report 2015 FINANCIAL HIGHLIGHTS (Billions of yen) Net Sales (Billions of yen) 600 Operating Income (Billions of yen) Net Income (Loss) and Return on Equity (ROE) 100 33.1 540.2 27.4 32.4 483.1 455.8 20 30 432.7 423.5 (%) 40 40 50 27.2 400 37.8 13.6 31.8 28.0 20 (31.8) 0 1.6 0 3.9 200 13.5 12.0 10 -20 -50 6.3 (80.7) 0 0 (Ended March 31) 2011 2012 2013 2014 2015 -40 (Ended March 31) 2011 2012 2013 2014 -100 (Ended March 31) 2015 2011 2012 2013 2014 2015 Net Income (Loss) (left scale) Return on Equity (ROE) (right scale) (Billions of yen) Total Assets (Billions of yen) 500 Shareholders’ Equity and Shareholders’ Equity Ratio 120 119.6 (%) (Billions of yen) 40 20 30 15 R&D Expenses 439.4 412.5 400 368.8 368.1 90 88.7 349.3 13.8 14.0 13.1 13.0 13.8 27.2 300 60 21.5 56.1 200 30 11.2 100 10 10 5 16.1 41.1 38.3 20 10.4 0 0 (As of March 31) 2011 2012 2013 2014 2015 0 (As of March 31) 2011 2012 2013 2014 0 (Ended March 31) 2015 2011 2012 2013 2014 2015 Shareholders’ Equity (left scale) Shareholders’ Equity Ratio (right scale) (Billions of yen) 15 Capital Expenditures and Depreciation (property, plant and equipment, at cost) (Billions of yen) Interest-bearing Debt and Debt/Equity Ratio Free Cash Flow (Times) 200 8 (Billions of yen) 60 13.1 10 9.7 8.0 11.5 10.8 10.8 10.2 9.6 9.3 150 152.1 6 136.5 30 120.5 119.0 8.6 22.4 107.6 100 17.9 4 4.0 13.4 3.3 0 5 50 (20.8) (2.8) 2 2.1 1.3 0.9 0 (Ended 2011 2012 2013 2014 2015 March 31) Capital Expenditures Depreciation (property, plant and equipment, at cost) 0 (As of March 31) 0 2011 2012 2013 2014 2015 -30 (Ended 2011 March 31) 2012 2013 2014 2015 Interest-bearing Debt (left scale) Debt/Equity Ratio (right scale) Annual Report 2015 3