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OI Electric Swings to Loss as Half-Year Costs Mount

OI Electric Co. Ltd. posted a net loss of 247 million yen for the first half of the 2026 fiscal year, a sharp reversal from the 207 million yen profit recorded during the same period in 2025. The company’s latest financial statement marks a difficult transition despite a notable increase in total revenue.

OI Electric Swings to Loss as Half-Year Costs Mount

Revenue for the period ending September 30 climbed to 13.91 billion yen, up from 11.84 billion yen the previous year. Despite this growth in top-line figures, the company struggled to maintain profitability under Japanese accounting standards. Operating profit plummeted from 226 million yen to a loss of 594 million yen, while pretax profit also slipped into the red at 541 million yen.

Shareholders faced a direct impact from these results, with earnings per share falling to a negative 190.86 yen, compared to a positive 157.34 yen in 2025. The figures underscore mounting pressure on the firm's bottom line as expenses outpaced the gains made in sales during the six-month window.

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