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OMRON Announces Difference between Business Performance Forecast for First 2 Quarters of Fiscal 2011 and Actual Performance, and Revisions to Full-Year Consolidated Performance Forecast for Fiscal 2011

FOR IMMEDIATE RELEASEOctober 27, 2011

Company name: OMRON Corporation
Representative: President & CEO
Yoshihito Yamada
Stock ticker No.: 6645
Stock exchanges: Tokyo and Osaka
(First Sections)
Contact: Yutaka Miyanaga,
Senior General Manager
Global Strategy Headquarters
Phone: +81-75-344-7175

KYOTO, Japan - OMRON Corporation (TSE: 6645; ADR: OMRNY) today announced the difference between the consolidated performance forecast released on June 6 this year for the first 2 quarters of fiscal 2011 (April 1, 2011 - September 30, 2011), and actual performance.
The consolidated full-year performance forecast for fiscal 2011 (April 1, 2011 - March 31, 2012) has also been revised taking into account recent trends in business performance.

  1. Difference between Consolidated Performance Forecast for First 2 Quarters of Fiscal 2011 (April 2011 - September 30, 2011) and Actual Performance
    (Millions of yen, except per share data)
      Net sales Operating income Income before income taxes Net income attributable to shareholders Net income per share attributable to shareholders
    Previous forecast (A) 309,500 24,500 24,000 15,000 68.15 yen
    New forecast (B) 303,258 22,713 21,073 12,998 59.06 yen
    Change (B - A) (6,242) (1,787) (2,927) (2,002) -
    Change (%) (2.0) (7.3) (12.2) (13.3) -
    (Reference) Actual results for first 2 quarters of previous fiscal year (April 1, 2010 - September 30, 2010) 297,905 24,444 23,517 14,990 68.09 yen

  2. Revised Full-Year Performance Forecast for Fiscal 2011 (April 1, 2011 - March 31, 2012)
    (Millions of yen, except per share data)
      Net sales Operating income Income before income taxes Net income attributable to shareholders Net income per share attributable to shareholders
    Previous forecast (A) 655,000 55,000 53,500 34,000 154.48 yen
    New forecast (B) 620,000 46,000 43,000 27,000 122.68 yen
    Change (B - A) (35,000) (9,000) (10,500) (7,000) -
    Change (%) (5.3) (16.4) (19.6) (20.6) -
    (Reference) Actual results for the previous fiscal year (Ended March 31, 2011) 617,825 48,037 41,693 26,782 121.66 yen

  3. Reasons for Revisions to the Full-Year Performance Forecast for Fiscal 2011
    In markets related to the OMRON Group, future business sentiment uncertainty and factors such as the yen's appreciation trend are expected to have an impact on the OMRON Group's results. With these changes in the operating environment, the initial targets for net sales and income have been revised downward. Accordingly, the OMRON Group has revised its numerical performance forecast announced on June 6, 2011 as follows. Please note that the OMRON Group will move to increase operating expense efficiency while continuing with the strategic investments planned in OMRON's new long-term strategy published in July, "Value Generation 2020" (VG2020).

    The assumed exchange rates for the third quarter onward are US$1 = JPY 76 and 1 Euro = JPY 103.

    The performance forecast and other forward-looking statements are based on information available to the Company at the present time, and on certain assumptions judged by the Company to be reasonable. Due to a variety of factors, actual results may differ materially from the forecast.

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