OKI Electric Industry Co., Ltd. announced earnings results for the first quarter of fiscal year 2021. For the quarter, the company’s net sales decreased by JPY 1.5 billion YoY to JPY 79.9 billion. Operating loss of JPY 3 billion due to the decrease in net sales, and an ordinary loss of JPY2.8 billion as a result of improved non-operating income/loss due to improved foreign exchange rates.