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