PDF 751kb

Financial Results
for the Second Quarter
Ended September 30, 2012
(FY12 Q2)
October 31, 2012
OMRON Corporation
© Omron Corporation
Contents
1. FY12 1H (Q1-Q2) Results & Full-Year
Forecast
FY12 1H Results
P. 2
FY12 Full-Year Forecast
P. 14
2. What's New
P. 23
3. References
P. 31
© OMRON Corporation
1/35
FY12 1H Results
© OMRON Corporation
2/35
FY12 1H Results Overview
 Omron steadily carried out VG2020 long-term strategy and recorded
sales nearly as planned.
 Gross profit margin exceeded initial target by 0.9% pt.
 Operating income achieved the forecast level, even with strategic
investments.
(Billions of yen)
FY12 1H
Actual
Net sales
FY12 1H
Forecast
vs. Forecast
FY11 1H
Actual
Y/Y
304.2
308.5
-1.4%
303.3
+0.3%
36.7%
35.8%
+0.9% pt
37.9%
-1.2% pt
Operating income
18.0
15.5
+16.1%
22.7
-20.8%
Net Income
attributable to shareholders
12.3
9.5
+29.2%
13.0
-5.6%
Gross profit margin
© OMRON Corporation
3/35
Consolidated P/L
 Gross profit margin of 36.7% exceeded initial forecast of 35.8%.
(Billions of yen)
FY12 1H
Actual
FY12 1H
Forecast
vs. Forecast
FY11 1H
Actual
Y/Y
304.2
111.7
308.5
110.5
-1.4%
+1.1%
303.3
115.0
+0.3%
-2.8%
(%)
(36.7%)
(35.8%)
(+0.9% pt)
(37.9%)
(-1.2% pt)
SG&A
72.1
21.6
18.0
73.5
21.5
15.5
-1.9%
+0.6%
+16.1%
71.6
20.7
22.7
+0.7%
+4.4%
-20.8%
(5.9%)
(5.0%)
(+0.9% pt)
(7.5%)
(-1.6% pt)
0.8
1.0
-23.0%
1.6
-53.0%
NIBT
17.2
14.5
+18.8%
21.1
-18.3%
Net income
attributable to shareholders
12.3
9.5
+29.2%
13.0
-5.6%
79.4
101.1
686
77,833
78.0
104.0
700
87,000
+1.4
-2.9
-14
-9,167
79.7
114.1
759
98,485
-0.3
-13.0
-73
-20,652
Net sales
Gross profit
R&D
Operating income
(%)
Non-operating income (loss), net
1USD (JPY)
1EUR (JPY)
Copper (JPY/kg)
Silver (JPY/kg)
© OMRON Corporation
4/35
Operating Income Analysis (vs. Apr. Forecast)
 OP outnumbered April forecast, as we steadily made strategic
investments, reformed profit structure, and carefully managed
operating costs.
(Billions of yen)
18.0
+1.3
15.5
+1.2
SG&A decrease
Gross profit increase
FY12 1H
Forecast
© OMRON Corporation
Operating income up ¥2.5 bn
(forex & raw material costs: ¥0.9 bn)
FY12 1H
Actual
5/35
Operating Income Analysis (Y/Y)
 OP down Y/Y due to last year’s temporary demand increase for
industrial automation after the earthquake in Japan.
(Billions of yen)
22.7
-3.3
Gross profit decrease
-1.4
18.0
R&D, SG&A increase
FY11 1H
Actual
© OMRON Corporation
Operating income down ¥4.7 bn
(forex & raw material costs: -¥2.1 bn)
FY12 1H
Actual
6/35
Consolidated B/S
 Inventory well-managed at FY11 year-end level.
(Billions of yen)
Sept. 30, 2012
Assets
Cash and cash equivalents
Notes and accounts receivable - trade
Inventories
Deferred income taxes, other current assets
Property, plant and equipment
Investments and other assets
Liabilities
Short-term debt
Long-term debt
Notes and accounts payable - trade
Termination and retirement benefits
Other liabilities
Net Assets
Common stock and retained earnings
Accumulated other comprehensive income (loss)
Treasury stock
Non controlling interests
Total Liabilities and Shareholders’ Equity
© OMRON Corporation
Mar. 31, 2012
(Ref. Sept. 30,
2011)
514.7
537.3
519.2
49.5
121.1
92.4
28.4
118.9
104.4
45.3
141.1
92.3
29.5
120.7
108.5
45.2
117.1
99.2
30.0
115.6
112.1
195.3
215.6
211.2
13.7
0
69.9
58.6
53.1
18.8
0
79.3
60.4
57.1
15.4
0
76.7
62.3
56.8
319.4
321.7
308.0
443.0
-80.4
-44.5
1.3
433.8
-68.4
-44.5
0.8
433.5
-81.8
-44.6
0.9
514.7
537.3
519.2
7/35
Consolidated Cash Flows
 FCF up due to increase in operating activities, while we steadily
carried out investments for growth.
(Billions of yen)
FY2012 1H
FY2011 1H
(Ref. FY2011)
Operating activities
27.0
18.4
31.9
Investing activities
-13.9
-11.6
-26.5
Free cash flow
13.1
6.8
5.4
Financing activities
Effect of exchange rate changes
on cash and cash equivalents
Net increase/decrease in cash
and cash equivalents
Cash and cash equivalents
at end of the period
-7.4
-33.6
-33.5
-1.5
-2.7
-1.5
4.2
-29.5
-29.5
49.5
45.2
45.3
Capital expenditures
14.1
12.8
27.5
Depreciation and amortization
10.7
10.7
22.6
*Capital investment is represented as capital expenditures on the consolidated cash flow statement.
© OMRON Corporation
8/35
Sales by Segment
 Top line almost as planned. Omron demonstrated its strength in its
business-mix operation, making up for IAB’s slow performance.
(Billions of yen)
FY2012 1H
Actual
IAB
FY12 1H
Forecast
vs. Forecast
Y/Y
129.9
133.0
-2.3%
-9.3%
42.6
43.0
-0.9%
+4.5%
47.3
47.0
+0.5%
+18.0%
23.5
21.0
+11.8%
+14.8%
32.6
31.0
+5.0%
+10.9%
Other
25.5
31.0
-17.9%
-2.8%
Eliminations & Corporate
2.8
2.5
+19.0%
-15.2%
304.2
308.5
-1.4%
+0.3%
Industrial Automation
EMC
Electronic & Mechanical
Components
AEC
Automotive Electronic
Components
SSB
Social Systems,
Solutions & Service
HCB
Healthcare
Total
© OMRON Corporation
9/35
Industrial Automation Sales by Area
 Sales higher than expected in China, as we worked harder to
approach local customers, and reinforced sales and marketing.
(Billions of yen)
FY12 1H
Actual
FY12 1H
Forecast
vs. Forecast
(¥ bn)
Sales in China
14
Japan
58.9
61.2
-3.8%
Americas
16.3
16.3
-0.1%
Europe
23.1
25.5
-9.5%
12
10
8
6
Greater China
19.5
16.5
+18.1%
Asia Pacific*
12.1
13.5
-10.3%
4
2
0
Total
129.9
133.0
-2.3%
FY11/Q1 Q2
Q3
Q4 FY12/Q1 Q2
*Asia Pacific includes South Korea
© OMRON Corporation
10/35
Operating Income by Segment
 Each business segment kept working to improve profitability, lifting
operating income margin.
 SSB intensified sales & marketing and outperformed the forecast.
(Billions of yen)
FY12 1H
Actual
FY12 1H
Forecast
vs. Forecast
FY11 1H
Actual
Y/Y
14.7
15.5
-5.1%
21.4
-31.3%
(11.3%)
(11.7%)
(-0.3% pt)
(15.0%)
(-3.6% pt)
3.2
2.5
+28.4%
4.2
-22.7
(7.5%)
(5.8%)
(+1.7% pt)
(10.2%)
(-2.6% pt)
2.8
2.5
+11.2%
1.4
+94.4%
(5.9%)
(5.3%)
(+0.6% pt)
(3.6%)
(+2.3% pt)
-1.9
-4.5
-
-3.5
-
(-)
(-)
(-)
(-)
(-)
1.9
1.5
+27.7%
2.1
-7.3%
(5.9%)
(4.8%)
(+1.1% pt)
(7.0%)
(-1.2% pt)
Other
-0.6
-1.0
-
-2.0
-
Eliminations
& Corporate
-2.1
-1.0
-
-0.9
-
18.0
15.5
+16.1%
22.7
-20.8%
(5.9%)
(5.0%)
(+0.9% pt)
(7.5%)
(-1.6% pt)
IAB
EMC
AEC
SSB
HCB
Total
(%): Operating income/External sales
© OMRON Corporation
11/35
Performance by Segment (Y/Y)
Segment
FY12 1H Net Sales & Operating Income, vs. FY11 1H
Net Sales
IAB
Operating Income
Net Sales
EMC
Operating Income
• Japan: Automotive industry almost the same Y/Y. Semiconductors &
electronic components slow. Slight worsening of business sentiment.
• Overseas: Europe sluggish. US firm. China weaker compared to last year’s
disaster-related demand.
Down due to FY11 disaster-related surge, and strategic investments.
• Japan: Demand of consumer products industry slow. Automotive strong.
• Overseas: Consumer goods makers demand in China and Europe down
Down due to the strong yen and internal sales decrease.
Net Sales
• Japan: Favorable thanks to the measures to support eco-friendly car
purchases, and good sales of new mini cars.
• Overseas: Healthy overall, but Europe slow.
Operating Income
Surged. Sales up. The year-ago 1H had temporary production cutback.
Net Sales
Railway companies’ orders recovering. Equipment delivery and related
installation up. Road management systems slow.
AEC
SSB
Operating Income
Net Sales
HCB
Operating Income
Net Sales
Other
Operating Income
© OMRON Corporation
Smaller loss thanks to sales increase.
• Japan: New consumer healthcare products selling well.
• Overseas: Steady, led by further growing demand for healthcare products
in emerging markets.
Down due to the weak Euro.
Environmental Solutions healthy. Electronic Equipment same. Micro
Devices and Backlights slow.
Smaller loss thanks to Environmental Solutions sales growth.
12/35
Sales by Area
 Omron Group as a whole also posted sales exceeding forecast in
Greater China.
(Billions of yen)
FY2012 1H
Actual
FY2011 1H
Forecast
Japan
149.7
149.7
±0.0%
+6.6%
Americas
39.6
40.2
-1.6%
+10.4%
Europe
36.3
38.0
-4.4%
-16.9%
Greater China
53.0
52.6
+0.7%
-3.7%
Asia Pacific*
25.7
28.0
-8.3%
-9.2%
Total
304.2
308.5
-1.4%
+0.3%
vs. Forecast
Y/Y
*Asia Pacific includes South Korea
© OMRON Corporation
13/35
FY12 Full-Year Forecast
© OMRON Corporation
14/35
FY12 Full-Year Forecast Overview
 Omron expects to achieve the initially set sales target by capitalizing on
business mix.
 Operating income and gross profit expected to be as initially planned.
 ROE also expected to be as initially planned.
(Billions of yen)
FY12 Forecast,
Oct. 30
Net sales
FY12 Initial Apr. 26
Forecast
vs. Initial
FY11
Results
Y/Y
650.0
650.0
+0.0%
619.5
+4.9%
37.5%
37.5%
±0.0% pt
36.8%
+0.7% pt
Operating income
46.0
46.0
+0.0%
40.1
+14.6%
Net Income
attributable to shareholders
28.5
28.5
+0.0%
16.4
+73.9%
8.5%
8.5%
±0.0% pt
5.2%
+3.3% pt
Gross profit margin
ROE
© OMRON Corporation
15/35
Conditions for FY12 Q3-Q4
External Environment
 The global economy will be more uncertain.
 Japan:
Full-fledged recovery won’t be until the next fiscal year at the
earliest.
 Overseas: Europe will remain sluggish. China will see further slowdown.
Emerging markets will enjoy steady growth and increases in
consumer spending and capital investments.
Conditions: Exchange rates & raw material costs
Exchange rates
1 USD = ¥79; 1 EUR = ¥102
Raw material costs
Silver = ¥85,000/kg; Copper:= ¥700/kg
(Previous forecast: 1 USD = ¥78; 1 EUR = ¥97)
(Previous forecast: Silver ¥78,000/kg; Copper ¥700/kg)
¥1 fluctuation impact
(full-year, approx)
Silver & copper price change impact
(full-year, approx)
USD
EUR
© OMRON Corporation
Sales
¥2.8 bn
¥0.8 bn
OP
¥0.7 bn
¥0.4 bn
Silver
Copper
Price change
¥1,000/kg
¥10/kg
OP
¥100 mil
¥100 mil
16/35
FY12 Full-Year Forecast
 No change in operating income and gross profit margin.
(Billions of yen)
FY12 Forecast,
Oct. 30
FY12 Initial Apr. 26
Forecast
vs. Initial
FY11 Results
Y/Y
650.0
243.5
650.0
243.5
±0.0%
±0.0%
619.5
227.9
+4.9%
+6.9%
(37.5%)
(37.5)
(±0.0% pt)
(36.8%)
(+0.7% pt)
152.0
45.5
46.0
152.0
45.5
46.0
±0.0%
±0.0%
±0.0%
145.7
42.1
40.1
+4.4%
+8.1%
+14.6%
(7.1%)
(7.1%)
(±0.0% pt)
(6.5%)
(+0.6% pt)
3.0
3.0
±0.0%
6.6
-54.5%
NIBT
43.0
43.0
±0.0%
33.5
+28.2%
Net income
attributable to shareholders
28.5
28.5
±0.0%
16.4
+73.9%
129.47
129.47
±0.0%
74.46
+73.9%
8.5%
8.5%
(±0.0% pt)
5.2%
(+3.3% pt)
79.2
101.5
693
81,417
78.0
104.0
700
87,000
+1.2
-2.5
-7.0
-5,583
79.3
110.3
738
92,379
-0.1
-8.8
-45
-10,962
Net sales
Gross profit
(%)
SG&A
R&D
Operating income
(%)
Non-operating income (loss),
net
EPS (JPY)
ROE (%)
1USD (JPY)
1EUR (JPY)
Copper (JPY/kg)
Silver (JPY/kg)
© OMRON Corporation
17/35
Full-Year Sales Forecast by Segment
 Omron expects to achieve the initial top line by capitalizing on
business mix.
(Billions of yen)
FY12 Forecast,
Oct. 30
FY12 Initial Apr. 26
Forecast
vs. Initial
FY11 Results
Y/Y
IAB
267.0
274.0
-2.6%
270.8
-1.4%
EMC
87.5
89.0
-1.7%
83.0
+5.4%
AEC
95.0
95.0
±0.0%
85.0
+11.7%
SSB
66.0
60.0
+10.0%
57.2
+15.4%
HCB
69.5
67.5
+3.0%
62.4
+11.3%
Other
59.0
59.0
±0.0%
53.5
+10.2%
6.0
5.5
+9.1%
7.6
-21.1%
650.0
650.0
±0.0%
619.5
+4.9%
Eliminations
& Corporate
Total
© OMRON Corporation
18/35
Full-Year Operating Income Forecast by Segment
 Each segment’s OP improved Y/Y.
(Billions of yen)
FY12 Forecast,
Oct. 30
FY12 Initial Apr. 26
Forecast
vs. Initial
FY11 Results
OP margin, Y/Y
33.5
35.0
-4.3%
33.3
(12.5%)
(12.8%)
(-0.3% pt)
(12.3%)
8.0
8.0
±0.0%
7.2
(9.1%)
(9.0%)
(+0.1% pt)
(8.7%)
5.0
5.0
±0.0%
2.7
(5.3%)
(5.3%)
(±0.0% pt)
(3.2%)
2.5
1.0
+150.0%
0.1
(3.8%)
(1.7%)
(+2.1% pt)
(0.2%)
4.5
4.0
+12.5%
2.9
(6.5%)
(5.9%)
(+0.6% pt)
(4.7%)
Other
-0.5
-2.0
-
-3.6
-
Eliminations
& Corporate
-7.0
-5.0
-
-2.5
-
46.0
46.0
±0.0%
40.1
(7.1%)
(7.1%)
(±0.0% pt)
(6.5%)
IAB
EMC
AEC
SSB
HCB
Total
(+0.2% pt)
(+0.4% pt)
(+2.1% pt)
(+3.6% pt)
(+1.8% pt)
(+0.6% pt)
(%): Operating income/External sales
© OMRON Corporation
19/35
Business Environment Forecast by Segment
Segment
Q3-Q4 Forecast, vs. 1H
IAB
• Japan: Automotive capital investments will trend down. Semiconductors will slightly go up.
• Overseas:
• Americas: Automotive investments in North America will remain strong.
• Europe: Slow, but no further worsening likely. Some industries including food will
come back.
• Asia Pacific: S. Korea’s semiconductors soft. Automotive in Thailand strong.
• Greater China: Flat and slightly down. Packaging equipment will go soft vs. 1H.
EMC
• Japan: White electronic appliances will be strong.
• Overseas:
• Americas: Demand will not fully come back.
• Greater China & Asia Pacific: Will be hit by drop in experts to Europe.
AEC
• Japan: Will see drop 2H after special demand backed by eco-friendly car subsidiaries end.
• Overseas: Solid in North America. Risk of Chinese boycott of Japanese products is taken
into account.
SSB
Demand for train system will keep going up, thanks to railroad companies’ active capital
investments.
Environmental solutions will see rising demand for equipment setup and maintenance, as
more companies install solar power generators, following the introduction of a system in
Japan to purchase all surplus power generated.
HCB
• Japan: Demand for healthcare services will continue to grow.
• Overseas: Emerging markets will keep growing. Europe slow, except for Russia.
Other
Environmental Solutions: Power conditioners will keep growing, thanks to the introduction of a
system in Japan to purchase all surplus power generated.
BL will come back 2H, thanks to strong demand for smart phones.
© OMRON Corporation
20/35
Industrial Automation 2H Sales Forecast by Area
 Sales decrease limited to 3% by VG2020 efforts.
(Billions of yen)
FY12 Forecast,
Oct. 30
© OMRON Corporation
FY12 Initial Apr. 26
Forecast
vs. Initial
Japan
62.1
63.8
-2.7%
Americas
16.2
16.2
+0.1%
Europe
25.9
27.0
-4.0%
Greater China
19.5
20.0
-2.5%
Asia Pacific
13.4
14.0
-4.3%
Total
137.1
141.0
-2.8%
21/35
FY12 Full-Year Forecast
(Billions of yen)
FY12 Forecast,
Oct. 30
FY12 Initial Apr. 26
Forecast
vs. Initial
FY11 Results
Y/Y
650.0
243.5
650.0
243.5
±0.0%
±0.0%
619.5
227.9
+4.9%
+6.9%
(37.5%)
(37.5)
(±0.0% pt)
(36.8%)
(+0.7% pt))
152.0
45.5
46.0
152.0
45.5
46.0
±0.0%
±0.0%
±0.0%
145.7
42.1
40.1
+4.4%
+8.1%
+14.6%
(7.1%)
(7.1%)
(±0.0% pt)
(6.5%)
(+0.6% pt)
3.0
3.0
±0.0%
6.6
-54.5%
NIBT
43.0
43.0
±0.0%
33.5
+28.2%
Net income
attributable to shareholders
28.5
28.5
±0.0%
16.4
+73.9%
129.47
129.47
±0.0%
74.46
+73.9%
8.5%
8.5%
(±0.0% pt)
5.2%
(+3.3% pt)
79.2
101.5
693
81,417
78.0
104.0
700
87,000
+1.2
-2.5
-7.0
-5,583
79.3
110.3
738
92,379
-0.1
-8.8
-45
-10,962
Net sales
Gross profit
(%)
SG&A
R&D
Operating income
(%)
Non-operating income (loss),
net
EPS (JPY)
ROE (%)
1USD (JPY)
1EUR (JPY)
Copper (JPY/kg)
Silver (JPY/kg)
© OMRON Corporation
22/35
What's New: China
- Risks and Opportunities -
© OMRON Corporation
23/35
Opportunities in China: FA Market
 Demand for factory automation in China will keep surging due to rising
labor costs.
(RMB)
Rising labor costs in China
1,600
1,400
Minimum monthly
wage in Shanghai
1,200
Accelerating shift to
factory automation
1,000
800
600
400
200
20
01
20
02
20
03
20
04
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
0
Application of the
successful business model
in China to other emerging
markets
Source: Shanghai Municipal Human Resources and Social Security Bureau
© OMRON Corporation
24/35
Measures against Risks: Production Strategy
 Omron hedges risk by dispersing production sites not only in China
but throughout Asia, with BCP (business continuity plan) including
establishment of alternate production systems.
S. Korea est. 1991
India est. 2007
Thailand est. 2004
Malaysia est. 1973
© OMRON Corporation
Viet Nam est. 2007
Indonesia est. 1992
25/35
What's New: Emerging Markets
© OMRON Corporation
26/35
VG2020 Emerging Markets Strategies
 Omron is implementing VG2020 measures to increase sales in
emerging markets.
Wider range of products
targeting emerging markets
Stronger sales & marketing in
emerging markets
Stronger business infrastructure in emerging markets
© OMRON Corporation
27/35
Expansion in Emerging Markets
 Using Healthcare Business as a foothold to intensify our entry into Asian
markets.
FY12 Healthcare Sales Ratio
Healthcare Sales Network
60% of emerging markets
China
Bangladesh
India
Emerging markets
(excl. Greater China)
Greater China
Other regions
Myanmar
20%
Laos
the Philippines
Thailand
14%
66%
Malaysia
Viet Nam
Cambodia
Sri Lanka
Omron office
Singapore
Indonesia
Rep office
© OMRON Corporation
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What's New:
Profit Structure Reform
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VG2020 Profit Structure Reform
 Targeting 39% gross profit margin in FY13.
approx. 700
650
(Billions of yen)
Sales
Gross profit
margin
619.5
39%
VG2020
Goal
37.5%
36.8%
FY11
FY12
FY13
 Variable costs reduction:
Smaller number of components, standardized system platform
 Manufacturing fixed costs reduction:
Introduction of automation in China and other Asian countries (lowcost automation)
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References
© OMRON Corporation
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© OMRON Corporation
110
FY11 ¥79.3
2013/01
FY09 ¥130.3
2012/10
2012/07
2012/04
2012/01
FY08 ¥100.7
2011/10
FY10 ¥113.5
2011/07
2011/04
2011/01
2010/10
130
2010/07
2010/04
2010/01
2009/10
2009/07
2009/04
2009/01
2008/10
2008/07
2008/04
2008/01
90
2007/10
2007/07
2007/04
150
2007/01
2006/10
2006/07
2006/04
2006/01
2005/10
2005/07
160
2005/04
2005/01
2004/10
2004/07
2004/04
Exchange Rates (USD, EUR)
170
1JPY
USD
EUR
FY07 ¥161.9
140
FY08 ¥144.5
FY11 ¥110.3
120
FY12 1H
¥101.1
100
FY07 ¥114.1
FY10 ¥85.8
FY12 1H
¥79.4
80
FY09 ¥92.9
70
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Raw Material Prices (Silver, Copper)
Silver price quotation, JPY/kg
Copper price quotation, JPY/kg
140,000
1400
Silver
120,000
FY11 ¥91,854
Copper
FY07 ¥916
100,000
March 2006
Silver: ¥40,160
Copper: ¥643
FY12 1H
¥77,267 1000
(¥77,833)**
FY10 ¥739
FY08 ¥657
80,000
1200
800
FY09 ¥610
March 2003
Silver: ¥18,510
Copper: ¥240
60,000
600
FY11 ¥717
40,000
FY10 ¥66,387
FY07 ¥54,230
FY12 1H
¥662
(¥686)** 400
FY09 ¥48,067
FY08 ¥46,265
20,000
200
2013/01
2012/10
2012/07
2012/04
2012/01
2011/10
2011/07
2011/04
2011/01
2010/10
2010/07
2010/04
2010/01
2009/10
2009/07
2009/04
2009/01
2008/10
2008/07
2008/04
2008/01
2007/10
2007/07
2007/04
2007/01
2006/10
2006/07
2006/04
2006/01
2005/10
2005/07
2005/04
2005/01
2004/10
2004/07
2004/04
2004/01
2003/10
2003/07
0
2003/04
0
*Monthly simple moving average (SMA) of price quotations. **Average used for financial results.
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Businesses and Major Products
• Electronic signal sensing
• Electrical current/voltage control
Relays, switches, connectors,
amusement equipment parts,
mobile device parts
• Human sensing
• Traffic sensing
• IC card technology
LCD backlights, semiconductors/MEMS,
energy saving/environmental solutions business,
electronic systems and equipment
Other
AEC
EMC
Automotive
Electronic
Components
Business
Electronic and
Mechanical
Components
Business
Automated ticket gates
and ticket vending machines,
SSB
road management systems,
Social Systems,
security management
Solutions
systems, face recognition
& Service
systems
Business
IAB
Industrial Automation
Business
• Radio wave sensing
• Automotive body control
Keyless entry systems,
power window switches,
automotive relays, EPS
(electronic power steering)
• Bio-information sensing
• Behavior sensing
Home- and professional-use
digital blood pressure monitors,
Healthcare body composition analyzers,
Business thermometers, pedometers,
nebulizers, patient monitors,
cardiovascular screening monitors
HCB
Sensing
• Displacement and measurement sensing
• Temperature control
• Machine control
• Vision sensing
Proximity/photoelectric/vision sensors, PLCs,
temperature controllers, machine safeguarding
equipment, inspection systems
© OMRON Corporation
&
Control
Consolidated subsidiaries
151
Affiliates accounted for by
the equity method
13
(as of September 30, 2012)
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Notes
1. The consolidated statements of Omron Corporation (the
Company) are prepared in accordance with U.S. GAAP.
2. Projected results and future developments are based on
information available to the Company at the current time, as well
as certain assumptions judged by the Company to be reasonable.
Various factors could cause actual results to differ materially from
these projections. Major factors influencing Omron's actual
results include, but are not limited to, (i) economic conditions
affecting the Company's businesses in Japan and overseas, (ii)
demand trends for the Company's products and services, (iii) the
ability of the Company to develop new technologies and products,
(iv) major changes in the fundraising environment, (v) tie-ups or
cooperative relationships with other companies, (vi) movements
in currency exchange rates and stock markets, and (vii) accidents
and natural disasters.
© OMRON Corporation
Contact:
Investor Relations Department
Investor Relations Headquarters
Omron Corporation
Phone: +81-(0)3-6718-3421
Email: [email protected]
Website: www.omron.com
*To subscribe to Omron IR email newsletter:
Send us an email titled "subscribe".
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