OMRON Boosts Net Earnings 52.4% to JPY46.7 Billion
2018年1月30日 - 5:30PM
ビジネスワイヤ(英語)
Surge in Demand from Digital Field Propelled Core IAB up
21.7%
OMRON Corporation (TOKYO: 6645) today announced its consolidated
operating results for the first nine months of fiscal 2017, ended
December 31, 2018. Net sales for the term advanced 9.9% from a year
earlier, to JPY624.9 billion, reflecting progress in the core
Industrial Automation Business (“IAB”), as well as in the
Electronic and Mechanical Components Business and the Healthcare
Business. Gross profit rose 16.4%, to JPY260.8 billion, operating
income climbed 40.5%, to JPY64.4 billion, and net income
attributable to shareholders jumped 52.4%, to JPY46.7 billion.
Details are available at:
https://www.omron.com/about/ir/irlib/presen/
Net sales, gross profit, and operating income were all record
highs for the first nine months, as was the gross profit margin, a
key focus for management, which advanced 2.3 percentage points, to
41.7%. Revenues and earnings increased for the fourth consecutive
quarter.
Global sales were up around 25% in IAB, which focuses on the
automotive, digital, food and daily necessities, and social
infrastructure fields. Sales in Greater China surged 34% on demand
fueled by rapidly expanding digital industry investments in Greater
China and Korea. Sales in this segment thus increased 21.7%, to
JPY292.1 billion.
Management has maintained the upgraded full year forecast,
announced with the first half results, expecting net sales to rise
7.0%, to JPY850.0 billion, and gross profit to gain 13.4%, to
JPY353.5 billion. Operating income is also expected to rise 25.8%,
to JPY85.0 billion, with net income attributable to shareholders
increasing 28.3%, to JPY59.0 billion. In view of robust demand in
IAB, management has lifted its sales forecast for IAB by JPY5.0
billion from the forecast announced at the first half results to
JPY393.0 billion. At the same time, the sales forecast of Other
Businesses has been revised downward by JPY5.0 billion to 52.0
billion due to the market slowdown in the backlight business and
the PV inverter business.
Yoshihito Yamada, President and CEO, commented that, “Our
performance demonstrated that we have made steady progress toward
our goals for 2020 under VG 2.0, our medium-term management plan.
We will continue changing to build new value as part of an ongoing
companywide effort to grow toward and beyond 2020.” Details of VG
2.0 are available at: https://www.omron.com/vg2020/
Financial Highlights
(Billions of yen)
Third Quarter
Fiscal 2016
Third Quarter
Fiscal 2017
Change
YoY
Net sales 568.7 624.9 9.9% Gross profit
(Gross profit margin)
224.0
(39.4%)
260.8
(41.7%)
16.4%
(2.3 percentage points)
Operating income
(Operating income margin)
45.8
(8.1%)
64.4
(10.3%)
40.5%
(2.2 percentage points)
Net income attributable toshareholders
30.6 46.7 52.4% Yen to U.S. dollar rate
Yen to euro rate
106.9
118.7
111.7
127.9
4.8 yen
9.2 yen
Fiscal Year 2017 Forecast
(Billions of yen)
Fiscal 2016
Actual
Fiscal 2017
Forecast*
Change
YoY
Net sales 794.2 850.0 7.0% Gross profit
(Gross profit margin)
311.8
(39.3%)
353.5
(41.6%)
13.4%
(2.3 percentage points)
Operating income
(Operating income margin)
67.6
(8.5%)
85.0
(10.0%)
25.8%
(1.5 percentage points)
Net income attributable toshareholders
46.0 59.0 28.3% Yen to U.S. dollar rate
Yen to euro rate
108.9
119.4
111.3
127.9
2.4 yen
8.5 yen
Fiscal Year 2017 Sales Forecast by
Business Segment
(Billions of yen)
Fiscal 2017
Last Forecast(1H)
Fiscal 2017
Forecast*
Change
YoY
Industrial Automation 388.0 393.0 +5.0
Electric and MechanicalComponents
99.5 99.5 ±0
Automotive ElectronicComponents
129.5 129.5 ±0
Social Systems, Solutionsand Service
63.5 63.5 ±0 Healthcare 108.5 108.5 ±0 Other Businesses 57.0 52.0
-5.0 Elimination and Corporate 4.0 4.0 ±0 Total 850.0 850.0 ±0
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/
*Yen to US dollar and euro rates for the 4th quarter are JPY110
and JPY128 respectively
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180130005574/en/
Contact (media):OMRON CorporationKisho Iida,
+81-75-344-7175 Corporate Communications Department