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OMRON Announces Projected Financial Results for Fiscal 2011

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  • Stock Code: 6645
  • FOR IMMEDIATE RELEASE
  • June 6, 2011
    Company Name: OMRON Corporation
    Representative: Hisao Sakuta,
    President & CEO
    Stock ticker No.: 6645
    Stock Exchanges: Tokyo and Osaka
    (First Sections)
    Contact: Yutaka Miyanaga,
    Senior General Manager,
    Global Strategy HQ
    Telephone: +81-75-344-7175

Kyoto, Japan - OMRON Corporation (TOKYO: 6645; ADR: OMRNY) today announced projected financial results for the fiscal year ending March 31, 2012. The projected financial results for the full fiscal year were not included in the "Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2011 (US GAAP)," released on April 27, 2011. The projected results are as follows:

  1. Projected Cumulative Consolidated Results for First 2 Quarters of Fiscal 2011 (April 1, 2011 to September 30, 2011)
    (Millions of yen - except per share data and percentages)
      Previous results projection (A) Newly announced results projection (B) Change (B)-(A) Change (%) Reference: Actual results for April 1 to Sept 30, 2010
    Net sales - 309,500 - - 297,905
    Operating income - 24,500 - - 24,444
    Income before income taxes - 24,000 - - 23,517
    Net income attributable to shareholders - 15,000 - - 14,990
    Net income per share attributable to shareholders (JPY) - 68.15     68.09

  2. Projected Consolidated Results for Full Fiscal Year Ending March 31, 2012 (April 1, 2011 to March 31, 2012)
    (Millions of yen - except per share data and percentages)
      Previous results projection (A) Newly announced results projection (B) Change (B)-(A) Change (%) Reference: Actual results for full fiscal year ending March 31, 2011
    Net sales - 655,000 - - 617,825
    Operating income - 55,000 - - 48,037
    Income before income taxes - 53,500 - - 41,693
    Net income attributable to shareholders - 34,000 - - 26,782
    Net income per share attributable to shareholders (JPY) - 154.48     121.66

  3. Reasoning behind the Projections
    While the effects of the Great East Japan Earthquake, including the resulting power supply shortages and the slow post-disaster recovery of component manufacturers will continue to pose risks, we are now better able to assess general conditions for the reasons outlined below, and have therefore moved to announce our projections.
    1. The disaster has had no effect on OMRON Group factories and production facilities.
    2. We have currently secured sufficient inventories of components at OMRON facilities and at the facilities of our suppliers, and our domestic and overseas factories are operating at close to normal levels.
    3. The pace at which our component suppliers were recovering from the disaster had been unclear but they are now making progress.
    4. We now have a clear picture of certain areas of customer demand that previously had been difficult to ascertain.

  4. Prospects for this year
    In markets related to OMRON Group, some industries are expected to see reductions in demand during the first half of FY2011 due to the effects of the Great East Japan Earthquake, however, overall we expect that sales will be strong due to forecasted solid increases in capital investment demand in overseas markets and an increase in post-disaster recovery-related demand in the Japanese market.
    In light of these expectations, OMRON Group's results for the first 2 quarters of fiscal 2011 and the consolidated results for the full 2011 fiscal year are forecasted to be as is indicated above.

Note: The above projections are based on information available to the Company at the time of writing. Various factors could cause actual results to differ materially from these projections.

(Supplementary Material)

Projected Consolidated Sales Results by Business Segment

(Unit: hundred million JPY)
  Actual Results for 2010 Fiscal Year Projected Results for 2011 Fiscal Year YoY Change
IAB Japan 1,239 1,365 110.1%
Overseas 1,480 1,710 115.6%
Total 2,719 3,075 113.1%
EMC Japan 249 220 88.3%
Overseas 563 635 112.8%
Total 812 855 105.3%
AEC Japan 284 265 93.3%
Overseas 559 555 99.3%
Total 843 820 97.3%
SSB Japan 631 595 94.2%
Overseas 7 5 71.0%
Total 638 600 94.0%
HCB Japan 269 245 91.0%
Overseas 337 370 109.8%
Total 606 615 101.4%
Other Japan 275 250 91.0%
Overseas 222 285 128.3%
Total 497 535 107.7%
Elimination
&
Corporate
Japan 58 50 86.2%
Overseas 5 0 0.0%
Total 63 50 79.3%
Total Japan 3,005 2,990 99.5%
Overseas 3,173 3,560 112.2%
(Overseas
sales ratio)
(51.4%) (54.4%) (+3.0P)
Total 6,178 6,550 106.0%

Average Exchange Rates for FY2010 and FY2011

(Unit: JPY)
  Actual Rate for 2010 Fiscal Year Projected Rate for 2011 Fiscal Year YoY Change
USD 85.8 82.0 -3.8
EUR 113.5 116.0 +2.5

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