OKI Reports Shrinking Revenue and Operating and Net Losses in Q1, Reorganizes Business Units

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On July 30, OKI Electric Industry Co., Ltd. reported its financial results for the three-month period ended June 30, 2020, which marks the first quarter of its fiscal year. Like so many companies, OKI reported that its quarterly sales and profits were dramatically impacted by the novel coronavirus (COVID-19). Net sales fell by nearly 25

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