IR Announcement (Oct. 26, 2000)
Revised Financial Results Forecast
Based on OMRON´s current financial achievements the financial results forecast announced on September 5, 2000 were revised as follows.
- Revised Mid-term Consolidated Financial Results Forecast (April 1, 2000 - September 30, 2000)
Sales NIBT Net Income Previous Forecast (A)
(September 5, 2000)278,500 12,000 6,500 Revised Forecast (B) 273,000 15,000 8,000 Change (B-A) -5,500 3,000 1,500 Percent Change -2.00% 25.00% 23.10% Previous Year´s Results 256,653 7,561 4,019 All units in millions of yen
- Revised Consolidated Financial Results Forecast (April 1, 2000 - March 31, 2001)
Sales NIBT Net Income Previous Forecast (A)
(September 5, 2000)605,000 35,000 19,500 Revised Forecast (B) 594,000 40,000 23,000 Change (B-A) -11,000 5,000 3,500 Percent Change -1.80% 14.30% 17.90% Previous Year´s Results 555,358 21,036 11,561 All units in millions of yen
Reasons for Revision
Due to a recovery in plant and equipment investment, mainly in the domestic semi-conductor and IT related business sectors, the demand for the OMRON Group mainstay control system related products (Industrial Automation Company and Electronic Components Company) has seen a remarkable increase.
The above situation, OMRON´s cost structure reforms and an increase in production have contributed to a sizable increase in OMRON´s overall financial results.
While these results do not show a large change in sales, and even though OMRON has seen a slight loss in securities due to new accounting principles adopted in April this year, an increase in profit is expected. Accordingly, OMRON´s financial results forecast has been revised as noted in the tables above.
Please note
The above half year and full year results were calculated on the information received to date, and do not take into account further changes in market conditions, exchange rate fluctuations and other uncertain elements etc. Consequently, as a result of environmental changes both externally and internally the actual financial results may differ from those forecast above