Consolidated Financial Results for the First Quarter of 2017 OMRON Boosts Net Earnings 95.8% to Record ¥15.5 Billion
2017年7月27日 - 6:47PM
ビジネスワイヤ(英語)
Strong Growth in Core Industrial Automation
Business
OMRON Corporation (TOKYO: 6645) (HQ: Shimogyo-Ku, Kyoto, Japan.
President and CEO: Yoshihito Yamada) today announced its
consolidated operating results for the first quarter of fiscal
2017, ending June 30, 2017.
Net sales increased 10.2%, to ¥203.4 billion, gross profit
increased 18.7%, to ¥84.1 billion, and operating income climbed
130.8%, to ¥22.6 billion. Net income attributable to shareholders
advanced 95.8%, to ¥15.5 billion. Gross profit, operating income
and net income are all record highs for the first quarter.
Earnings rose in all business segments. Sales at OMRON’s core
Industrial Automation Business rose from the previous corresponding
period across the four focused sectors of “automobiles”, “digital
devices”, “food” and “social infrastructure”. OMRON’s gross profit
margin advanced 2.9 percentage points, to 41.3%, supported not only
by higher sales, but also by combined efforts by sales, production
and R&D teams to drive structural earnings reforms.
Yoshihito Yamada, President and CEO, commented, "We made a
strong start to VG2.0, our new medium-term management plan, and we
are confident that our strategies are on the right track. Our
performance was particularly robust in the Industrial Automation
Business. We will leverage our gross profit margin as a driver to
continue to bolster our management of return on invested capital,
securing investment funding to propel growth businesses for the
next 4 years in line with our VG2.0 plan.
Financial Highlights
(Billions of yen)
First quarter offiscal 2016
First quarter offiscal 2017
Y/Y Net sales 184.5 203.4 +10.2% Gross profit
(Gross profit margin)
70.8
(38.4%)
84.1
(41.3%)
+18.7%
(2.9 percentage points)
Operating income
(Operating income margin)
9.8
(5.3%)
22.6
(11.1%)
+130.8%
(5.8 percentage points)
Net income attributable toshareholders
7.9 15.5 +95.8% Yen to U.S. dollar rate
Yen to euro rate
111.1
125.2
111.5
121.5
+0.4
-3.7
Acquisition of Treasury Stock
To improve capital efficiency, enhance shareholder value per
share and return profits to shareholders, OMRON has decided to
acquire its own stock.
(1) Type of shares to be acquired: Common stock of
OMRON Corporation (2) Number of shares to be acquired:
Up to 5,000,000 shares (2.34% of total
sharesoutstanding (excluding treasury stock))
(3) Total amount of acquisition: Up to JPY 20,000,000,000 (4)
Period of acquisition: From July 28, 2017 to July 27, 2018 (Trade
base) *
*Treasury stocks will not be acquired during the period of
treasury stocks acquisition (from August 2, 2017 to August 31,
2017) for the performance-linked and share-based incentive plan
(BIP Trust I, II and Employee Stock Ownership Plan Trust) adopted
on the April 27, 2017.
About OMRON Corporation
OMRON Corporation is a global leader in the field of automation
based on its core technology of "Sensing & Control + Think."
OMRON's business fields cover a broad spectrum, ranging from
industrial automation and electronic components to automotive
electronic components, social infrastructure systems, healthcare,
and environmental solutions. Established in 1933, OMRON has about
36,000 employees worldwide, working to provide products and
services in 117 countries. In the field of industrial automation,
OMRON supports manufacturing innovation by providing advanced
automation technologies and products, as well as through extensive
customer support, in order to help create a better society. For
more information, visit OMRON's
website: http://www.omron.com/
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version on businesswire.com: http://www.businesswire.com/news/home/20170727005597/en/
Media Contact:OMRON CorporationKisho Iida,
+81-75-344-7175Corporate Communications Department