Financial Highlights

Financial Highlights
Gross Profit Margin
ROIC
39.3
13.4
％
％
Operating income margin
R&D expenses ratio
Gross profit margin
Return on invested capital (ROIC)
Selling, general and administrative expenses ratio (excluding R&D expenses)
(%)
ROIC=
*Invested capital represents prior year-end actual
and average of current year quarterly forecasts
(%)
15
50
Net Income
Invested Capital*
(Net Assets + Interest-Bearing Debt)
13.4
11.3
40
37.5
34.8
35.1
36.8
37.1
39.3
38.5
10
8.6
7 .8
4 .8
30
25.4
23.0
23.5
23.4
23.5
23.4
1.0
0
20
10
7 .7
0.9
7.8
7 .2
2.5
6.7
6 .5
7.0
6.8
6 .7
8 .8
10.2
6.2
5.7
-5
-7.6
0
-10
08
FY
09
10
11
12
13
14
FY
Ratio of Overseas Sales to Total Net Sales
60.1
％
Overseas Total
Japan
Americas
Greater China
Asia Pacific
Direct Exports
Europe
(%)
60
60.1
50
55.4
49.7
50.7
51.4
52.2
51.1
50.3
49.3
48.6
47.8
48.9
44.6
40
39.9
30
20
0
16.4
12.8
12.0
6.4
11.7
2.0
2 .0
FY
14.8
14.7
08
7.6
09
15.7
16.3
13.7
12.0
13.5
8 .1
1.9
8.5
1.8
10
16.3
12.4
18.4
21.4
14.6
12.8
9 .8
13.1
12.1
11
8.4
1.6
12
9.3
1.5
13
1.6
14
We continue to see revenue growth in Greater China, Southeast Asia,
and other emerging economies.
14
OMRON Corporation
08
09
10
11
12
13
14
Our expected cost of capital for the EARTH-1 STAGE is set at 6%.
ROIC management has led to fiscal 2014 ROIC significantly higher
than our expected cost of capital.
Significant growth in IAB segment revenues and profits drive
earnings improvement. Operating income margin breaks above
the 10% level for the first time in 25 years.
10
Expected cost of
capital 6%
5
26.2
EPS
Cash and Cash Equivalents
283.9
102.6
¥
¥
Earnings per share
Cash dividends per share
Cash and cash equivalents
Dividend payout ratio
(%)
283.9
106.4%
250
120
80
200
150
121.7
100
24.7%
30
25 16.0 17
102.6
90.3
90
74.7
60
27.0%
28
120
40
71
25.0%
20
25.3%
37
53
60
46.6
53.0
45.5 45.3
36.6
0
0
55.7
51.7
30
-50
18.8
-100
-150
5.6
-132.2
08
FY
09
10
11
12
13
14
FY
08
09
10
11
12
0.5
13
0
14
We prioritize cash allocation to growth investments designed to achieve
our long-term vision (VG2020) goals. We forecast a total of ¥100 billion in
investments over the three years of our EARTH-1 STAGE plan.
Corporate Value Foundation
Capital Expenditures
38.1
¥
billion
Capital expenditures
Corporate Value Initiatives
Omron paid a record-high ¥71 per-share dividend for fiscal 2014. We
expect to record a dividend payout ratio of 30% for fiscal 2015, achieving
our stated commitment one year ahead of schedule.
0
Where We’
re Headed
50
137.2
74.5 37.6%
(Billions of yen)
100
209.8
About Omron
(Yen)
300
billion
Total interest-bearing liabilities
Depreciation and amortization
(Billions of yen)
40
38.1
36.8
33.5
30
28.3
27.0
23.2 23.0
22.6
28.3
28.3
22.5
Financial Section
33.7
25.1
19.5
20
10
0
FY
08
09
10
11
12
13
14
Omron plans to steadily increase capital expenditures toward sustained
growth.
Integrated Report 2015
15