Oki Releases Social Responsibility Report 2005.

TOKYO -- Oki Electric Industry Co., Ltd. (TOKYO:6703) today announced it has released its first Social Responsibility Report. The report, posted on Oki's website, includes Oki Group's fundamental philosophy on CSR (corporate social responsibility) and describes the CSR activities Oki

"We are pleased to present our first Social Responsibility Report, which is intended to inform our stakeholders on Oki Group's current status and future direction of our CSR activities," said Nobuhide Hara, Senior Vice President at Oki Electric, who oversees the CSR Promotion Division. "The issuing of this report gives us an opportunity to strengthen mutual trust and enhance communications with various stakeholders. We will continue to implement sound corporate activities based on our Charter of Corporate Conduct and to work to improve corporate value."

The Oki Group Charter of Corporate Conduct was established on October 1, 2005 as the basis for the group to achieve CSR. Gaining trust from stakeholders -- including customers, shareholders and investors, employees, suppliers and the local communities -- is the basis to improve corporate value. Built on this understanding, Oki put together ten items outlining its fundamental philosophy toward social responsibility, which is rooted in its corporate mission. The report is presented in accordance with these 10 items to enable better understanding of Oki Group's CSR activities. The ten items from the Charter of Corporate Conduct (http://www.oki.com/en/csr/charter.html) include:

-- Customer satisfaction

-- Fair corporate activities

-- Good communication

-- Intellectual property and information management

-- Respect for human rights

-- A better working environment

-- Respect for employees

-- Environmental conservation

-- Social contribution

-- Regional awareness

In the "Special Features: Meeting Our CSR Commitment," covered in the report, Oki introduces its new ATM with universal design and security functions, and describes its establishment of a special subsidiary, for the employment of teleworkers with severe physically challenges.

Oki's Social Responsibility Report can be found at http://www.oki.com/en/csr/report/2005/.

About Oki Electric Industry Co., Ltd.

Founded in 1881, Oki Electric Industry Co., Ltd. is Japan's first telecommunications manufacturer, with its headquarters in Tokyo, Japan. With the corporate vision, "Oki, Network Solutions for a Global Society," Oki provides top-quality products, technologies and solutions to its customers through its info-telecom system business, semiconductor business and printer business. All three businesses function as a collective force to create exciting new products and technologies that satisfy a spectrum of customer needs in various markets. Visit Oki's global web site at http://www.oki.com/.

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