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Financial Results for the 1st Half
Ended September 30, 2007
October 31, 2007
OMRON Corporation
OMRON Corporation Investor Relations
Contents
1. Executive Summary
2. Results for the 1st Half Ended September 30, 2007
3. Forecast for the Full Year Ending March 31, 2008
4. Reference
Notes:
1. The financial statements are prepared in accordance with U.S. GAAP.
GA AP.
2. Includes 164 consolidated subsidiaries and 23 affiliated companies accounted for by the equity method.
3. Projections of results and future developments are based on information
info rmation available to the Company at the
present time, as well as certain assumptions judged by the Company
Company to be reasonable. Various factors could
cause actual results to differ materially from these projections.
projections. Major factors influencing Omron's actual results
surrounding
rounding the Company's businesses in Japan and
include, but are not limited to, (i) the economic conditions sur
services,
ices, (iii) the ability of the Omron Group
overseas, (ii) demand trends for the Company's products and serv
to develop new technologies and new products, (iv) major changes
changes in the fundfund-raising environment, (v) tietie-ups or
cooperative relationships with other companies, and (vi) movements
movements in currency exchange rates and stock
markets.
OMRON Corporation Investor Relations
2
Main Business Areas
Industrial Automatio n
IAB
：Sensing Devices, Control Devices, Safety Devices,
Inspection Systems, etc.
Ele ctronic c ompo nents
ECB
：Relays, Switches, Connectors, Micro Lens Arrays,
Backlights for LCD, Optical Communications Devices, etc.
Automotive Electronics
AEC
：Keyless Entry System, Power Window Switches, Automotive relays
Components, Laser Radars, TPMS etc.
Social Systems
SSB
：Passenger Gates, Ticket Vending Machines, Road Management System,
Security Management Systems, Face Recognition Systems, etc.
H ealthcare Equipment
HCB
：Digital Blood Pressure Monitors, Body Composition Analyzers
Nebulizer, etc.
O th ers
Others
：Personal Computer Peripherals, RFID Systems, etc
SSB
9%
HCB
9%
Others
2%
Net sales 366.1 billion yen
IA B
44%
A EC
15%
ECB
22%
OMRON Corporation Investor Relations
Results for the 1H FY2007
3
1. Executive Summary
OMRON Corporation Investor Relations
4
Executive Summary
FY2007 is the final year toward achieving secondsecond-stage objectives of GD2010
Laying the foundation of a profitable growth structure -‘Prioritizing Profit to Achieve GD2010 SecondSecond-stage Goals’
Goals’
1st Half Results and Key Points
＊Pursuant to Statement of Financial Accounting Standards (SFAS), figures for the fiscal
year ended March 2007 and the 1st Half ended Sept. 30, 2006 have been reclassified in
relation to operations discontinued during the 1st Half ended Sept. 30, 2007
■Consolidated sales and operating income increased from same peri
period
od in previous year, but did not reach targets
Consolidated
Result
vs. same period in prev. year
vs. original target
Net sales
¥366.1 billion
113.0%
97.6%
Operating income
¥26.6 billion
114.2%
88.6% (Operating margin 7.3%)
NIBT
¥27.3 billion
93.9%
94.2% ( NIBT margin
7.5%)
Net income
¥18.8 billion
127.1%
94.0% ( NI margin
5.1%)
■Consolidated net sales: 13
13% increase over previous 1H due to factors including overseas sales increase and foreign
exchange
gains and sales increase from M&A; 2% short of target, mainly due to decline in
..
domestic sales of control equipment (IAB) and weak sales of electronic
elec tronic components (ECB)
■Operating income:
Main factors behind the 14% increase over previous 1H are sales increase and the benefit
of manufacturing structural reforms (refer to p.10 for details); 11% short of target due
mainly to lowerlower- thanthan-expected sales (refer to p.11 for details)
■ NIBT:
lower-than6% decrease against original target, due mainly to lower
than-expected operating income
■Business summary:
Control equipment (IAB) in Japan and electronic components business
business (ECB) faced weak
market conditions
FullFull-Year Forecasts and Key Points
■Net sales, operating income and NIBT have been revised against original
original targets
Consolidated
Net sales
Operating income
NIBT
Net income
Year ending March 31, 2008
¥785.0 billion
¥71.0 billion
¥71.0 billion
¥46.0 billion
vs. same period in prev. year
108.4%
114.4%
110.5%
120.2%
OMRON Corporation Investor Relations
(Operating margin 9.0%)
(NIBT margin
9.0%)
(NI margin
5.9%)
5
2. Results for the 1st Half
Ended September 30, 2007
OMRON Corporation Investor Relations
6
1H/FY2007
Consolidated Statements of Income
Sales: ¥３６６.
３６６.１b ; Operating margin : ７.３%
Consolidated sales and operating income increased from same period
period
in previous year, but did not reach targets
（billions of yen ）
P/L
FY2006
1H
FY2007
1H
YoY Change
FY2007
1H
Change from
Original
target
Original
Actual(1)
Net sales
Gross profit
SG&A expense
R&D expense
Operating income
NIBT
NI from continuing OP
NI from discontinued OP
NIAT
324.1
125.6
78.2
24.1
23.3
29.1
14.3
0.5
14.8
Actual(2)
366.1
138.9
87.5
24.8
26.6
27.3
15.7
3.1
18.8
(2)/(1)
target(3)
113.0%
110.6%
111.9%
102.8%
114.2%
93.8%
109.8%
668.5%
127.1%
375.0
141.5
83.0
28.5
30.0
29.0
17.0
3.0
20.0
(2)/(3)
97.6%
98.2%
105.5%
86.9%
88.6%
94.2%
92.6%
101.8%
94.0%
（ yen ）
USD
EUR
115.6
146.2
119.0
162.1
3.4
15.9
OMRON Corporation Investor Relations
115.0
153.0
4.0
9.1
7
1H/FY2007
Breakdown of Sales by Region and Business
Sales increased over same period in previous year in Japan and overseas,
overseas,
but fell short of target in Japan
IAB, ECB and AEC sales were higher than same period in previous year,
but only AEC and Others segments reached targets
（billions of yen ）
Ch an ge fr o m
J ap a n/ Ov ers ea s
F Y2 00 6
1H
FY 20 0 7
1H
Yo Y Ch an ge
A ctu a l ( 1)
A c tu al ( 2 )
( 2 ) /( 1 )
FY 20 0 7
1H
Ori gi n a l
O r igin al
targ e t( 3)
( 2 ) / ( 3)
t ar ge t
1 65 .4
1 58 .7
16 6.2
19 9.9
10 0.5 %
12 5.9 %
18 1.0
19 4.0
91 .8%
1 03 .0%
3 24 .1
* Overseas includes direct exports
36 6.1
11 3.0 %
37 5.0
97 .6%
J ap an
Ov ers ea s *
Total
By busine ss
Ori g i n al
IAB
EC B
AEC
SS B
HC B
Ot he rs
1 46 .9
62 .1
42 .8
34 .3
30 .6
7 .4
16 0.9
7 9.3
5 3.1
3 3.0
3 2.2
7.6
(2 )/(1 )
10 9.6 %
12 7.8 %
12 4.2 %
9 5. 9%
10 5.0 %
10 2.8 %
To tal
3 24 .1
36 6.1
11 3.0 %
( 1)
(2)
16 4.2
8 6.3
4 9.4
3 4.6
3 3.7
6.8
(2 )/(3 )
98 .0%
91 .9%
1 07 .5%
95 .2%
95 .4%
1 12 .1%
37 5.0
97 .6%
targ e t( 3)
OMRON Corporation Investor Relations
8
1H/FY2007
Breakdown of Operating Income
AEC
AECand
andHCB
HCBwere
wereclose
closeto
tooriginal
originaltarget
target
However
HoweverIAB
IABand
andECB
ECBdid
didnot
notreach
reachtargets
targets
（billions of yen ）
Change from
FY2006
1H
FY2007
1H
YoY Change
FY2007
1H
Original
target
Original
By Business
IAB
ECB
AEC
SSB
HCB
Others
HQ Cost/Elimination
Total
Actual(1)
22.5
6.7
-2.0
-0.9
3.7
0.8
-7.5
23.3
Actual(2)
24.6
6.0
0.5
0.0
3.3
0.2
-8.1
26.6
(2)/(1)
109.4%
90.1%
87.9%
23.5%
114.2%
OMRON Corporation Investor Relations
target(3)
28.6
6.9
0.4
-1.5
3.8
-0.5
-7.7
30.0
(2)/(3)
86.1%
87.6%
123.7%
86.0%
88.6%
9
Breakdown of Changes in Operating Income
(comparison to previous year)
1H/FY2007
Net
reforms
Netincrease
increaseininsales
salesand
andbenefits
benefitsofofmanufacturing
manufacturingstructural
structuralreforms
reforms
were
reformswere
countered
by
increase
in
SG&A
expenses,
but
operating
income
ultimately
imately
ult
countered by increase in SG&A expenses, but operating income ultimately
rose
ultimatelyrose
over
same
period
in
previous
year
due
to
foreign
exchange
gains
over same period in previous year due to foreign exchange gains
（billions of yen ）
Effect of
M&A
Exchange
profit
Sales increase
and Product mix
＋8.9
＋2.9
-3.4
＋4.9
Effect of
exch.
rate in
SG&A Effect of
expenses M&A Increase
in SG&A
-2.8
expenses
-1.2
Increase in manufacturing
fixed cost
(Incl. ex rate -1.1; Decrease
in manufacturing fixed cost
+0.2;
M&A -2.5)
-5.6
Increase
in R&D
expenses
-0.4
Change in gross profit
+13.3b
26.6
23.3
Change in operating income
+3.3b
1H/ FY2006
(Effect of exch. rate in Op Income: +1.0b)
OMRON Corporation Investor Relations
1H/ FY2007
10
Breakdown of Changes in Operating Income
(comparison to original target)
1H/FY2007
ross
Efforts
rossprofit
profit
Effortstotocontain
containfixed
fixedcosts
costsdid
didnot
notfully
fullyoffset
offsetdecline
declineininggross
ggross
due
to
shortfall
in
sales.
due to shortfall in sales.
Operating
Operatingincome
incomewas
wasbelow
belowtarget
target
30.0
（billions of yen ）
Sales decrease
Effect of
and Product mix
M&A
Raw
Manufacturing
＋1.3 material
Exchange
fixed cost
profit
(Incl. ex rate -1.0)
-0.5
Effect of
＋4.2
exch.
-7.6
rate in
SG&A Effect of
Decrease in
expenses M&A
R&D
Increase
in SG&A expenses
-2.3
expenses
±０
＋4.0
-0.6
-1.9
1H／
1H／FY2007 Plan
Change in gross profit
-2.6b
Change in operating income
-3.4 b
26.6
1H／
1H／FY2007 Actual
(Effect of exch. rate in Op Income: +0.9b)
OMRON Corporation Investor Relations
11
1H/FY2007
IAB (Industrial Automation Business)
10%
10%increase
increaseover
overprevious
previous1H,
1H,Sales
Sales¥¥160.9
160.9billion;
billion;Operating
Operatingmargin
margin15.3%
15.3%
Despite
Despiteresults
resultsfrom
fromstrengthening
strengtheningapplications
applicationsbusiness,
business,
domestic
domesticsales
salesdid
didnot
notreach
reachtarget.
target. Overseas
Overseassales
saleswere
weresteady
steady
（billions of yen ）
Change from
IAB
Japan
Overseas
North America
Europe
Asia
China
Export
Total
Operating income
Operating income ratio
FY2006
1H
FY2007
1H
YoY Change
Actual(1)
68.8
78.1
15.6
38.3
6.9
14.3
3.0
146.9
Actual(2)
68.5
92.4
19.0
44.7
7.8
18.1
2.8
160.9
(2)/(1)
99.6%
118.3%
121.1%
116.7%
113.2%
126.7%
95.2%
109.6%
22.5
15.3%
24.6
15.3%
109.4%
FY2007
1H
Original
target
Original
target(3)
74.5
89.7
18.9
41.8
7.7
18.0
3.3
164.2
(2)/(3)
92.0%
103.0%
100.3%
107.0%
101.4%
100.6%
85.2%
98.0%
28.6
17.4%
Sales by region
China
11%
Asia
5%
Europe
28%
Export
2%
Japan
42%
North America
12%
86.1%
OMRON Corporation Investor Relations
12
IAB domestic (quarterly) sales vs. target
IAB Sales
T: Target A: Actual F: Forecast
50
ＯＬＦＴ sales
Domestic
(billions of yen）
1H Domestic sales did not reach target
・Increase from M&A (OLFT) unable to
cover 1Q shortfall
・Reaction from sales at end of previous fiscal year
・Delay in startup of application business
45
・ Applications business began showing
results in 2Q, but struggled in basic area
40
35
30
2H Domestic sales forecast and measures
・Generate stronger results in applications
business, secure sales in basic area
25
20
T
A
T
１Ｑ
A
T
２Ｑ
F
T
３Ｑ
F
４Ｑ
Overseas
(billions of yen）
1H Overseas sales met original target
・ Solid performance due in part to positive
currency translation effect
・ U.S.: Strong sales to oil and gasgas-related
industry
・Europe: Generally strong, supported by
buoyant economy
・Asia & China: Solid performance
60
55
50
45
40
35
30
25
20
T
A
１Ｑ
T
A
２Ｑ
・Focus further on LCD industry, with
OLFT as linchpin
T
F
３Ｑ
T
2H Overseas sales forecast
F
４Ｑ
・Outlook in line with original target
OMRON Corporation Investor Relations
13
ECB (Electronic Components Business)
1H/FY2007
28%
28%increase
increaseover
overprevious
previous1H,
1H,Sales
Sales¥¥79.3
79.3billion;
billion;Operating
Operatingmargin
margin7.6%
7.6%
Did
small
Didnot
notreach
reachtarget
targetdue
duetotoweak
weaksales
salesofofsmallsmallsizebacklight
backlightbusiness
business
small--size
(Omron
Precision
Technology)
and
amusement
business
(Omron Precision Technology) and amusement business
（billions of yen ）
Sales by region
Change from
ECB
FY2006
FY2007
1H
1H
YoY Change
FY2007
Original
1H
target
Original
Japan
Overseas
North America
Europe
Asia
China
Export
Total
Operating income
Operating income ratio
Actual(1)
27.0
35.1
5.5
5.7
3.9
12.6
7.4
62.1
Actual(2)
29.7
49.6
5.5
6.1
5.2
26.2
6.5
79.3
(2)/(1)
110.2%
141.3%
100.4%
107.3%
133.3%
208.5%
87.9%
127.8%
target(3)
36.1
50.2
6.0
6.2
4.5
28.6
4.9
86.3
(2)/(3)
82.4%
98.7%
90.8%
99.8%
115.6%
91.7%
133.0%
91.9%
6.7
10.8%
6.0
7.6%
90.1%
6.9
8.0%
87.6%
OMRON Corporation Investor Relations
Export
8%
China
33%
Asia
7%
Japan
37%
Europe North America
7%
8%
14
ECB ＢＬ Business
ECB SmallSmall-size Backlight Business
Sales of smallsmall-size backlights were up substantially from the previous year, but
but did
not reach target due to customer circumstances
Recovery expected in second half from cultivation of new customer
customer demand, etc., but
reaching original target will be difficult, even over full year
Sales of Small-size Backlight
MLA
MLA
OPT
MLA small-size backlights performed well,
exceeding target
OPT small-size backlights on recovery track in
second half with cultivation of new demand, etc.
Approx. 16
billions of
yen
Consolidation strategy of
SmallSmall-size Backlight Business
MLA
MLA
Consolidation
OPT
1H Target 1H Actual
2H Target 2H Forecast
・MLA will be consolidated into OPT in Nov.
2007; will aim to speed up integration effects
・Strengthen business by consolidating
Omron’s optical control and precision
machining technologies and OPT’s
production technology
Mid and
long term ・Full-scale expansion into mediumsized backlights
target
OMRON Corporation Investor Relations
15
1H/FY2007
AEC (Automotive Electronic Components Business)
24%
24%increase
increaseover
overprevious
previous1H,
1H,Sales
Sales¥¥53.1
53.1billion;
billion;Operating
Operatingmargin
margin1.0%
1.0%
sales
es
Secured
sales
esgrowth
growthdue
duetoto
Securedoperating
operatingprofit
profitwith
withsolid
soliddomestic
domesticsales,
sales,overseas
overseassal
sal
positive
structure
positiveexchange
exchangerate
rateeffect,
effect,and
andimprovement
improvementofofmanufacturing
manufacturingstructure
（billions of yen ）
Sales by region
Change from
AEC
Japan
Overseas
North America
Europe
Asia
China
Export
Total
Operating income
Operating income ratio
FY2006
1H
FY2007
1H
Actual(1)
13.1
29.7
17.7
4.5
7.1
0.5
0.0
42.8
Actual(2)
12.9
40.2
22.3
6.6
9.2
1.3
0.8
53.1
-2.0
0.5
1.0%
-
YoY Change
(2)/(1)
99.1%
135.2%
126.4%
146.4%
130.0%
275.8%
124.2%
-
FY2007
1H
Original
target(3)
12.3
37.1
21.3
6.2
8.4
1.2
0.0
49.4
0.4
0.9%
Original
target
(2)/(3)
105.2%
108.3%
104.8%
105.6%
109.9%
107.8%
107.5%
Asia
17%
China
2%
Japan
25%
Europe
12%
North America
43%
123.7%
OMRON Corporation Investor Relations
16
SSB (Social Systems Business)
1H/FY2007
Net
Netsales:
sales:¥¥33.0
33.0billion;
billion;Did
Didnot
notreach
reachsales
salestarget
targetas
asthemes
themeswere
weredelayed
delayed
until
Q3.
Major
improvement
on
operating
income
basis
until Q3. Major improvement on operating income basis
（billions of yen ）
Sales by region
Change from
SSB
FY2006
FY2007
1H
1H
YoY Change
FY2007
Original
1H
target
Original
Japan
Overseas
North America
Europe
Asia
China
Export
Total
Operating income
Operating income ratio
Actual(1)
33.2
1.1
0.1
0.0
0.0
0.0
1.0
34.3
Actual(2)
31.4
1.6
0.4
0.0
0.0
0.0
1.2
33.0
-0.9
0.0
0.1%
-
(2)/(1)
94.4%
142.3%
253.3%
125.8%
95.9%
target(3)
33.4
1.2
0.5
0.0
0.0
0.0
0.7
34.6
-
-1.5
(2)/(3)
93.9%
133.3%
73.0%
175.8%
95.2%
North America
1%
Export
4%
Japan
95%
-
-
OMRON Corporation Investor Relations
17
HCB (Healthcare Business)
1H/FY2007
Sales
Sales¥¥32.2
32.2billion;
billion;Operating
Operatingmargin
margin10.1%
10.1%
Weak
Weakdomestic
domesticsales
salesofofmedical
medicalequipment.
equipment.Overseas,
Overseas,European
Europeanand
andChinese
Chinese
sales
salesremain
remainstrong
strong
（billions of yen ）
Change from
HCB
Japan
Overseas
North America
Europe
Asia
China
Export
Total
Operating income
Operating income ratio
FY2006
FY2007
1H
1H
YoY Change
Actual(1)
16.0
14.6
6.6
5.7
0.8
1.5
0.1
30.6
Actual(2)
16.1
16.1
5.6
6.5
1.0
2.6
0.3
32.2
(2)/(1)
100.7%
109.7%
85.8%
114.7%
131.3%
175.3%
231.0%
105.0%
3.7
12.1%
3.3
10.1%
87.9%
FY2007
Original
1H
target
Original
target(3)
18.0
15.7
6.3
6.2
1.0
2.0
0.3
33.7
3.8
11.2%
Sales by region
Asia
3%
(2)/(3)
89.9%
102.0%
88.9%
105.3%
105.7%
132.2%
98.3%
95.4%
China
8%
Europe
20%
Export
1%
Japan
51%
North America
17%
86.0%
OMRON Corporation Investor Relations
18
Consolidated Balance Sheet
1H/FY2007
Net
Networth
worthratio:
ratio:62.7%
62.7%
Increased
Increasedfrom
fromprevious
previousfiscal
fiscalyear
yearend
endby
by2.0
2.0points
points
due
to
increase
in
retained
earnings
due to increase in retained earnings
（billions of yen ）
B/S
Sep. 2006
Total Assets
Cash and cash equivalents
Notes and accounts receivable - trade
Inventories
Other current assets
Net Property, Plant and Equipment
Investments and Other Assets
Total Liabilities
Bank Loans / Current portion of L/T debt
Long-term debt
Other liabilities
Shareholders' Equity
March 2007
610.4
46.6
147.1
100.1
31.5
158.8
126.3
253.1
30.2
1.8
221.1
357.3
OMRON Corporation Investor Relations
630.3
43.0
173.4
94.1
31.5
159.3
129.0
247.5
20.1
1.7
225.7
382.8
Sep. 2007
620.5
39.1
151.1
103.7
31.5
159.5
135.7
231.6
17.6
2.2
211.8
388.9
19
1H/FY2007
Consolidated Statements of Cash Flows
Net
Netcash
cashused
usedinininvesting
investingactivities
activitieswas
was¥¥19.3
19.3billion
billion
due
future
dueto
tofuturefutureorientedbusiness
businessacquisitions
acquisitions
future--oriented
（billions of yen ）
C/F
（Reference)
Reference)
Net cash provided by operating activities
Net cash provided by (used in) investing activities
Free cash flow
Net cash used in financing activities
Effect of exchange rate changes
Net increase (decrease)
Cash and cash equivalents at end of the period
Sep. 2006
10.9
-26.6
-15.7
9.0
1.0
-5.7
46.6
Sep. 2007
32.1
-19.3
12.8
-17.9
1.1
-3.9
39.1
OMRON Corporation Investor Relations
March 2007
40.5
-47.1
-6.6
-4.7
1.9
-9.3
43.0
20
3. Forecast for the Full Year
Ending March 31, 2008
OMRON Corporation Investor Relations
21
FY2007
Forecast of Consolidated Statements of Operations
Despite net increase from currency translation and M&A (OLFT), original
original
target revised due to weak sales of IAB (domestic) and ECB (backlights)
(backlights)
（billions of yen ）
Change from
FY2006
Actual
Net sales
Gross profit
SG&A
R&D
Operating income
NIBT
NI from continuing OP
NI from discontinued OP
NIAT
723.9
278.2
164.2
52.0
62.0
64.3
37.1
1.2
38.3
FY2007
Forcasts
785.0
303.5
177.5
55.0
71.0
71.0
42.9
3.1
46.0
YOY
Change
％
108.4%
109.1%
108.1%
105.7%
114.4%
110.5%
115.8%
257.6%
120.2%
FY2007
Original
target
Target
800.0
309.5
178.0
56.5
75.0
72.0
43.0
3.0
46.0
％
98.1%
98.1%
99.7%
97.3%
94.7%
98.6%
99.9%
101.8%
100.0%
＊Results for the year ended March 2007(FY2006) after reclassification
reclassification of discontinued operations
OMRON Corporation Investor Relations
22
Breakdown of Sales by Segment
FY2007
Despite net increase from currency translation and M&A (OLFT), original
original
target revised due to weak sales of IAB (domestic) and ECB (backlights)
(backlights)
（billions of yen ）
Change from
FY2006
FY2007
YoY Change
FY2007
Original
target
Japan/Overseas
Japan
Overseas*
Total
Actual
375.2
348.7
723.9
Original
target
Forcasts
377.5
407.5
785.0
100.6%
116.9%
108.4%
396.5
403.5
800.0
95.2%
101.0%
98.1%
*Direct export is included in Overseas amount.
By business
(1)
IAB
ECB
AEC
SSB
HCB
Others
Total
305.6
138.4
93.3
105.9
65.7
15.0
723.9
(2)
339.0
162.5
105.0
88.0
73.5
17.0
785.0
(2)/(1)
110.9%
117.5%
112.5%
83.1%
111.8%
113.6%
108.4%
(3)
339.5
180.5
100.0
90.0
73.5
16.5
800.0
(2)/(3)
99.9%
90.0%
105.0%
97.8%
100.0%
103.1%
98.1%
＊Results for the year ended March 2007(FY2006) after reclassification
reclassification of discontinued operations
OMRON Corporation Investor Relations
23
FY2007
Breakdown of Operating Income by Segment
Automotive
healthcar
Automotiveelectronics
electronics(AEC),
(AEC),social
socialsystems
systems(SSB)
(SSB)and
andhealthcare
healthcare
(HCB)are
are
healthcaree(HCB)
performing
in
line
with
target,
but
targets
for
IAB
and
ECB
revised
sed
revi
performing in line with target, but targets for IAB and ECB revised
revised
（billions of yen ）
Change from
FY2006
FY2007
YoY Change
FY2007
Original
target
Original
By Business
IAB
ECB
AEC
SSB
HCB
Others
HQ Cost/Elimination
Total
Actual
48.5
13.1
-1.2
8.1
8.7
0.4
-15.6
62.0
Forcasts
61.0
14.0
1.4
7.3
9.5
0.1
-22.2
71.0
target
125.8%
107.0%
90.4%
109.4%
22.0%
114.5%
OMRON Corporation Investor Relations
64.6
15.3
1.4
7.3
9.5
-0.6
-22.4
75.0
94.5%
91.6%
100.0%
100.0%
100.0%
94.7%
24
(Reference)
Progress of Key Strategic Themes
25
Progress of Key Strategic Themes
(1) Sales Growth in New Tech Fields
FY2007
Sharp increase over previous period due to contribution of
M&A (OPT/OLFT), etc.
Aiming for ¥100b
（billions of yen ）
Products in New Tech Fields
90.0
IAB: Automated Optical Inspection Systems, etc.
80.0
ECB: Back Light for LCD, etc.
ECB: MEMS Sensors, etc.
AEC: Laser radars for automobiles, etc.
67.9b
70.0
60.0
198%
50.0
119%
40.0
30.0
20.0
160%
28.8b
156％
156％
42.4 b
34.3b
27.1 b
18.0b
10.0
0
1H Actual
FY2003
FY2004
FY2005
FY2006
OMRON Corporation Investor Relations
1H Actual
FY2007
26
Progress of Key Strategic Themes
(2) Sales Growth in Greater China
FY2007
Sales
Salesof
ofOPT
OPT made
madestrong
strongcontribution
contribution
Sales
year
on
Salesup
up149%
149%yearyearonyear
year--onon--year
（MUSD)
1400
1H FY2007 Actual
1200
YoY Change 149%
1000
72 6
800
600
400
10 08
32 5
411
442
4 12
297
200
Q1 Actual
0
FY2003
FY2004
FY2005
FY2006
Q1 Actual
FY2007
Plan
OMRON Corporation Investor Relations
27
Share Repurchase (Major repurchases)
Share Repurchase
Implementing annual share repurchases by resolution of general shareholders
shareholders’
hareholders’ meeting
Repurchased 3 million shares in first half of current fiscal year
year at cost of approximately
¥8.9 billion
Purchased
shares
Price/share
2004/2/6
（Actual）
2004/8/3
（Actual）
2005/11/10
（Actual）
2006/8/10
（Actual）
2007/9/14
（Actual）
Total
3,664,200
1,200,000
3,773,000
4,158,500
3,000,000
15,795,700
2,260
2,400
2,650
2,675
2,975
2,609
（avg.）
4,158
1,200
3,000
3,773
3,664
OMRON Corporation Investor Relations
X 1,000 shares
Outstanding Treasury
stocks at the end of
1H/2007: 21,445,542shares
28
Treasury Stock
Policy on Treasury Stock
Treasury stock holdings will be limited to a maximum of 10% of total
total outstanding shares including
treasury stock (approx. 249 million shares). Surplus treasury stock
stock will be cancelled
Holdings of treasury stock will be used for future M&As and business expansion
（million shares）
Treasury stock holdings
30
Surplus over 10%
will be cancelled
Maximum
of 10%
20
10
Used for future
M&As and
business expansion
0
FY2003 FY2004
FY2005
FY2006
FY2007
Forecast
FY2008 or later
OMRON Corporation Investor Relations
29
Supplementary Information
・Stock Listings :
Osaka, Tokyo, Nagoya, Frankfurt
・Ticker Symbol Number :
6645
・American Depositary Receipts
Type :
Level 1 with sponsorship
ADR Ratio :
1 Common Stock of Omron = 1ADR
Listing :
Over the Counter (OTC)
Symbol :
OMRNY
Depositary :
JPMorgan Chase Bank
・Homepage :
http://www.omron.co.jp (Japanese)
http://www.omron.com (English)
・Contact :
Investor Relations Department
Tel. :
81-3-3436-7170
E-mail : [email protected]
OMRON Corporation Investor Relations