OMRON's Fiscal 2017 Net Income Jumps 37.3%, to Record JPY63.2 Billion
April 26 2018 - 5:22AM
Business Wire
Company Forecasts Net Income for Fiscal 2018 to Rise to JPY64.5
Billion
OMRON Corporation (TOKYO:6645) today announced its consolidated
operating results for fiscal 2017, ended March 31, 2018.
Companywide growth in the core Industrial Automation and
Healthcare businesses resulted in net sales rising 8.3% from a year
earlier, to JPY860.0 billion. Gross profit increased 14.7%, to
JPY357.7 billion, operating income advanced 27.1%, to JPY85.9
billion, and net income attributable to shareholders jumped 37.3%,
to JPY63.2 billion, a record for the Company. Gross profit was also
a record, with the gross profit margin gaining 2.3 percentage
points, to 41.6%.Details are available at:
https://www.omron.com/about/ir/
Driven by growing worldwide demand for more labor-saving
automation and high technology automation solutions in the
manufacturing sector, sales at OMRON’s mainstay Industrial
Automation Business rose 23%. Demand was brisk across all the
company’s key focus sectors—automobile, digital devices, food
processing and social infrastructure. Growth was particularly
strong in such digital device areas as smartphones and
semiconductors.
For fiscal 2018, the company expects net sales to rise 4.7%, to
JPY900.0 billion, gross profit to increase 6.9%, to JPY382.5
billion, operating income to rise 8.3%, to JPY93.0 billion, and net
income attributable to shareholders to advance 2.1%, to JPY64.5
billion. All these figures would be new highs. The Industrial
Automation Business should again drive gains on the strength of
automation demand in the digital devices and automobile sectors.
The company also stands to benefit from progress in the Healthcare
Business, reflecting a rising number of hypertension patients
worldwide and greater opportunities from expansion in the
healthcare data market. Management plans to lift dividends per
share for the year by JPY16.0, to a record JPY92.0.Yoshihito
Yamada, President and CEO, commented that, “In fiscal 2017, we got
off to a solid start with VG 2.01, our new medium-term management
plan. We are well placed to reach the goals of that initiative. We
will invest extensively in fiscal 2018 to accelerate earnings
growth in fiscal 2018 and ensure that we continue to expand toward
and beyond 2020.”
Financial Highlights
(Billions of yen)
Fiscal 2016 Fiscal 2017
Change Net sales 794.2 860.0 8.3%
Gross profit(Gross profit margin)
311.8(39.3%)
357.7(41.6%)
14.7%(2.3 percentage points)
Operating income(Operating income
margin)
67.6(8.5%)
85.9(10.0%)
27.1%(1.5 percentage point)
Net income attributable toshareholders
46.0 63.2 37.3% Yen to U.S. dollar rate 108.9 111.2 2.3 Yen to euro
rate 119.4 129.4 10.0
Fiscal 2018 Forecasts
Fiscal 2017
Fiscal 2018forecasts
Change Net sales 860.0 900.0 4.7%
Gross profit(Gross profit margin)
357.7(41.6%)
382.5(42.5%)
6.9%(0.9 percentage point)
Operating income(Operating income
margin)
85.9(10.0%)
93.0(10.3%)
8.3%(0.3 percentage point)
Net income attributable toshareholders
63.2 64.5 2.1% Yen to U.S. dollar rate 111.2 107.0 -4.2 Yen to euro
rate 129.4 131.0 1.6
1 Details of VG 2.0 are available at:
https://www.omron.com/vg2020/
About OMRON CorporationOMRON 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: https://www.businesswire.com/news/home/20180426005684/en/
Contact (media):OMRON CorporationKisho Iida,
+81-75-344-7175Brand Communications Department