Annual Results PDF 34kb

OMRON Corporation and subsidiaries
ANNUAL RESULTS
For the year ended March 31, 2000.
DATE : May 17, 2000.
OMRON CORPORATION
CODE : 6645
Annual closing date : March 31
Stock listed on
: Tokyo, Osaka,
Nagoya, Kyoto
Contact to : Masaaki Sadatomo
Managing Officer, Corporate
Financial and Accounting H.Q.
Telephone : +81-75-344-7070
1. Results for the year (From April 1, 1999 to March 31, 2000.)
(1) Statements of Income summary
(Millions of Yen)
Net sales
Increase
Operating
Increase
Net income
Increase
ratio
income
ratio
before tax
ratio
Mar. 2000
555,358
0.0%
26,180
120.9%
21,036
155.0%
Mar. 1999
555,280
-9.2%
11,849
-74.3%
8,249
-80.5%
Net income
Mar. 2000
Mar. 1999
Increase
Earnings
Return on
Return on
Income before
ratio
per share
equity
total assets tax per net sales
11,561
431.8% JPY 45.01
3.5%
3.6%
3.8%
2,174
-88.4% JPY 8.34
0.7%
1.4%
1.5%
Equity in net income
-29 million (Loss), 1999 -52 million (Loss).
(2) Balance Sheets summary
Total assets
Mar. 2000
Mar. 1999
(Millions of Yen)
Total shareholders' equity
579,489
580,586
(3) Cash Flow summary
Operating
Cashflow
Mar. 2000
59,926
Mar. 1999
29,583
Investing
Cashflow
-34,180
-29,011
Shareholders' Shareholders'
equity ratio equity per share
336,062
321,258
58.0% JPY 1,308.64
55.3% JPY 1,250.28
(Millions of Yen)
Financing
Cash and Cash equivalents
Cashflow
at end of the year
-23,785
88,670
21,629
88,900
(4) Information of consolidation
a. Number of subsidiaries consolidated ................................... 128 companies
Added
: Settsu denki and 6 other companies.
Exclusion : Sanno software and 1 other company
b. Number of subsidiaries non consolidated ........................... 0 companies
c. Number of affiliated companies ......................................... 12 companies
Added
: Sanko Industrial Automation and 2 other companies
Exclusion : OMRON ELECTRONICS Co. Ltd. and 3 other companies
(5) Basis for financial statements
The financial statements are prepared in accordance with U.S. GAAP.
2. Estimated annual results for the year ending March 31, 2001.
Sep. 2000
Mar. 2001
Net sales
270,500
594,000
Net income before tax
4,000
26,000
1
(Millions of Yen)
Net income
2,500
14,000
OMRON Corporation and subsidiaries
ANNUAL RESULTS
For the year ended March 31, 2000.
DATE : May 17, 2000.
3. Net sales categorized by business company
(Net sales to 3rd party only)
Business Company
Industrial Automation Business
Electronic Components Business
Social Systems Business
Healthcare Business
Others
Total
2000
Amount
Ratio
243,604
43.9%
68,328
12.3%
128,534
23.1%
42,640
7.7%
72,252
13.0%
555,358
100.0%
(Millions of Yen)
1999
Amount
Ratio
'00 / '99
245,785
44.2%
99.1%
56,673
10.2% 120.6%
135,872
24.5%
94.6%
43,729
7.9%
97.5%
73,221
13.2%
98.7%
555,280
100.0%
100.0%
4. Net sales categorized by business company
(including internal sales to other business companies)
(Millions of Yen)
Business Company
Industrial Automation Business
Electronic Components Business
Social Systems Business
Healthcare Business
Others
(Elimination)
Total
2000
Amount
Ratio
248,898
44.8%
118,464
21.3%
135,128
24.3%
42,858
7.7%
121,621
21.9%
(111,611) -20.0%
555,358
100.0%
1999
Amount
Ratio
250,862
45.2%
105,752
19.0%
143,322
25.8%
44,028
7.9%
118,753
21.4%
(107,437) -19.3%
555,280
100.0%
'00 / '99
99.2%
112.0%
94.3%
97.3%
102.4%
103.9%
100.0%
5. Net sales estimation categorized by business company
(Net sales to 3rd party only)
Business Company
Industrial Automation Business
Electronic Components Business
Social Systems Business
Healthcare Business
Others
Total
2001
Amount
Ratio
223,400
37.6%
115,000
19.4%
139,000
23.4%
48,200
8.1%
68,400
11.5%
594,000
100.0%
(Millions of Yen)
2000
Amount
Ratio
'01 / '00
216,990
39.1% 103.0%
107,758
19.4% 106.7%
128,534
23.1% 108.1%
42,640
7.7% 113.0%
59,436
10.7% 115.1%
555,358
100.0%
*Net sales result(FY2000) is re-classified in accordance with new organization(FY2001).
2
107.0%
Consolidated Balance Sheets
March 31, 2000, 1999 and 1998.
Millions of Yen
1999
1998
Millions of
U.S. dollars
2000
ASSETS
2000
CURRENT ASSETS :
Cash and cash equivalents ......................................................88,670
Short-term investments .......................................................... 6,300
Notes and accounts receivable, trade ............................................
130,355
Allowance for doubtful receivables ...............................................
(2,001)
Inventories .................................................................................
77,807
Deferred income taxes ............................................................ 9,026
Other current assets ................................................................. 7,116
Total current assets ....................................................... 317,273
88,900
1,054
134,183
(2,450)
79,535
11,336
9,705
322,263
68,365
6,142
138,149
(3,301)
94,981
11,798
12,613
328,747
837
59
1,230
(19)
734
85
67
2,993
PROPERTY,PLANT AND EQUIPMENT :
Land .........................................................................................51,082
Buildings ...................................................................................
110,330
Machinery and equipment .........................................................
129,639
Construction in progress ....................................................... 3,933
Total .................................................................................. 294,984
Accumulated depreciation .........................................................
(138,950)
Net property, plant and equipment ............................... 156,034
50,598
111,263
135,197
4,326
301,384
(138,489)
162,895
50,166
107,974
143,809
4,124
306,073
(135,591)
170,482
482
1,041
1,223
37
2,783
(1,311)
1,472
OTHER ASSETS :
Investments in and advances to associates ........................................
2,013
Investment securities ..............................................................69,397
Leasehold deposits ...................................................................10,608
Deferred income taxes .......................................................... 6,415
Other ..........................................................................................
17,749
Total other assets .............................................................. 106,182
TOTAL .......................................................................................... 579,489
1,770
54,114
12,035
8,834
18,675
95,428
580,586
1,843
55,336
11,730
7,507
17,484
93,900
593,129
19
655
100
61
167
1,002
5,467
Note : 1. The Japanese Yen amounts are rounded at Million Japanese Yen.
2. The U.S. dollar amounts represent translations of Japanese Yen at the approximate exchange
rate at March 31, 2000 of JPY106.00 = US$ 1.
3
Consolidated Balance Sheets
March 31, 2000, 1999 and 1998.
LIABILITIES AND SHAREHOLDERS' EQUITY
2000
CURRENT LIABILITIES :
Bank loans .................................................................................
10,242
Notes and accounts payable, trade ................................................
78,467
Accrued expenses ......................................................................
21,430
Income taxes ...............................................................................
11,334
Deferred income taxes ..........................................................
590
Other current liabilities ............................................................24,151
Current portion of long-term debt ...............................................
1,262
Total current liabilities .................................................... 147,476
Millions of Yen
1999
1998
Millions of
U.S. dollars
2000
27,946
70,971
20,924
9,020
551
26,074
2,167
157,653
12,578
88,756
23,117
15,011
1,713
26,944
8,466
176,585
97
740
202
107
5
228
12
1,391
LONG-TERM DEBT ................................................................ 57,968
56,610
DEFERRED INCOME TAXES .........................................................
3,725
908
TERMINATION AND RETIREMENT BENEFITS ............................................
30,629
40,076
OTHER LONG-TERM LIABILITIES ................................................................
1,114
1,525
MINORITY INTERESTS IN SUBSIDIARIES ........................ 2,515
2,556
33,500
11,698
24,913
367
3,000
547
35
289
11
24
64,079
98,702
6,314
174,686
(715)
(5,912)
(1,401)
6,598
0
343,066
593,129
605
931
68
1,640
(68)
(198)
0
130
(6)
3,170
5,467
SHAREHOLDERS' EQUITY
Common stock: ........................................................................64,082
Additional paid in capital ....................................................... 98,705
Legal reserve .......................................................................... 7,250
Retained earnings ....................................................................
173,804
Accumulated other comprehensive income..............
(7,168)
Cumulative translation adjustments ..............................................
(20,998)
Minimum pension liability adustments ..............................................
0
Net Unrealized Gain on Securities ........................
13,830
Treasury Stock ......................................................
(611)
Total shareholders' equity .............................................. 336,062
TOTAL ....................................................................................... 579,489
64,079
98,702
6,811
166,020
(14,012)
(11,954)
(7,138)
5,080
(342)
321,258
580,586
Note : 1. The Japanese Yen amounts are rounded at Million Japanese Yen.
2. The U.S. dollar amounts represent translations of Japanese Yen at the approximate exchange
rate at March 31, 2000 of JPY106.00 = US$ 1.
4
Consolidated Statements of Income and Retained Earnings
For the years ended March 31, 2000, 1999 and 1998.
Millions of Yen
2000
1999
555,358
555,280
NET SALES ...............................................................................
COSTS AND EXPENSES :
Cost of sales ..................................................................................
358,911
Selling general and administrative .............................................
133,662
Research and development ........................................................
36,605
Interest expense (income) net ................................................. 750
Foreign exchange loss (gain) .................................................. 2,841
Other, net ....................................................................................
1,553
Total ...................................................................................... 534,322
INCOME BEFORE INCOME TAXES
AND MINORITY INTERESTS ......................................... 21,036
INCOME TAXES :
Current ......................................................................................
14,857
Deferred ....................................................................................
(5,809)
Total ...................................................................................
9,048
364,314
136,734
42,383
862
2,766
(28)
547,031
1998
611,795
387,445
138,404
39,914
682
4,419
(1,312)
569,552
Millions of
U.S. dollars
2000
5,239
3,386
1,261
345
7
27
15
5,041
8,249
42,243
198
12,426
(6,382)
6,044
24,579
(1,208)
23,371
140
(55)
85
INCOME BEFORE MINORITY INTERESTS .........
11,988
MINORITY INTERESTS .............................................................. 427
2,205
31
18,872
168
113
4
NET INCOME ............................................................................ 11,561
RETAINED EARNINGS :
Balance at beginning of period ..................................................
166,020
Cash dividends ...................................................................... (3,338)
Transfer to legal reserve .............................................................(439)
Other appropriation of R/E ..................................................
0
Balance at end of period ............................................................
173,804
2,174
18,704
109
159,741
(3,408)
(351)
0
174,686
1,566
(31)
(4)
0
1,640
174,686
(3,372)
(497)
(6,971)
166,020
Note : 1. The Japanese Yen amounts are rounded at Million Japanese Yen.
2. The U.S. dollar amounts represent translations of Japanese Yen at the approximate exchange
rate at March 31, 2000 of JPY106.00 = US$ 1.
5
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