OMRON Increases Net Earnings 91.2% to JPY30.3 Billion on Solid Gains in Core Industrial Automation Business
2017年10月31日 - 3:20PM
ビジネスワイヤ(英語)
Consolidated Financial Results for the First Half of Fiscal
2017
OMRON Corporation (TOKYO:6645) (Headquarters: Shimogyo-Ku,
Kyoto. President and CEO: Yoshihito Yamada) today announced its
consolidated operating results for the first half of fiscal 2017,
ended September 30, 2017.
Net sales for the period increased 10.5%, to JPY410.5 billion.
Net income attributable to shareholders jumped 91.2%, to JPY30.3
billion. The primary growth driver was factory automation. Sales of
that business climbed 22.5% from a year earlier, to JPY193.5
billion and operating income increased by JPY15.0 billion to
JPY38.0 billion, which were also record highs. A major factor in
this growth was brisk capital investment demand among smartphone
and semiconductor manufacturers in Japan, Greater China, and
elsewhere in Asia.
Gross profit was up 17.5%, to JPY170.2 billion, while operating
income advanced 67.4%, to JPY43.4 billion. Omron made further
progress with earnings structure reforms across production, sales,
and development, leading to a 2.5 percentage points rise in gross
profit margin to 41.5%.
Management has upwardly revised its forecast for the full year
in view of a strong outlook for the second half. Omron now expects
net sales to rise 7.0%, to JPY850.0 billion, and gross profit to
gain 13.4%, to JPY353.5 billion. Operating income is predicted to
increase 25.8%, to JPY85.0 billion, with net income attributable to
shareholders advancing 28.3%, to JPY59.0 billion.
Growth is expected to stem largely from another favorable
performance in the Industrial Automation Equipment Business. Other
significant contributions are anticipated to come from the
Electronic and Mechanical Components Business, reflecting higher
demand in cities in China for air conditioners and other
appliances, and from gains in the Healthcare Business, where the
emergence of online channels around the globe is fueling new
consumer demand.
Management has lifted projected total dividends for the year
from JPY68.00 per share, to what would be a record JPY76.00.
Yoshihito Yamada, President and CEO, commented that, "We are
confident about the strong start of our new medium-term management
plan VG2.0. These results show that the core Industrial Automation
Business is on a solid track for growth, an illustration that the
strategies we have outlined in VG2.0 are correct. We will continue
to all work together to attain our VG2.0 goals in 2020, and to
ensure further growth in the future."
Financial Highlights
(Billions of yen)
First half of fiscal 2016 First half
of fiscal 2017 Change Net sales 371.6 410.5 10.5%
Gross profit(Gross profit margin)
144.8(39.0%)
170.2(41.5%)
17.5%(2.5 percentage points)
Operating income(Operating income
margin)
25.9(7.0%)
43.4(10.6%)
67.4%(3.6 percentage points)
Net incomeattributable toshareholders
15.8 30.3 91.2% Yen to U.S. dollar rate 107.3 111.2 3.9 yen Yen to
euro rate 120.1 125.6 5.5 yen
Fiscal 2017 Forecast Upward
Revision
(Billions of yen)
Initial fiscal 2017 forecast Revised fiscal
2017 forecast Change Net sales 810.0 850.0 4.9%
Gross profit(Gross profit margin)
329.0(40.6%)
353.5(41.6%)
7.4%(1.0 percentage point)
Operating income(Operating income
margin)
68.0(8.4%)
85.0(10.0%)
25.0%(1.6 percentage point)
Net incomeattributable toshareholders
48.5 59.0 21.6% Yen to U.S. dollar rate 110.0 110.6 0.6 yen Yen to
euro rate 118.0 126.8 8.8 yen
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 and regions. 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/20171030006426/en/
Contact (media):OMRON CorporationKisho Iida,
+81-75-344-7175Corporate Communications Department