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Business

With ATMs losing money, Oki pins hopes on contract services

Snubbed by investors, Japanese company nurturing fourth pillar of earnings

An Oki plant in Saitama Prefecture that handles the company's contract manufacturing services.

TOKYO -- Oki Electric Industry seeks to create a new earnings driver at a time when its money-losing ATM business has kept investors away and left the company's stock in the doldrums.

Oki derives much of its earnings from three sources: telecommunications services, printers and ATMs. It positions contract electronics manufacturing services as a potential fourth pillar.

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