OMRON Announces Revision of Consolidated Performance Forecast for First Two Quarters (Cumulative) of Fiscal 2014
July 29, 2014
| Company Name: | OMRON Corporation |
|---|---|
| Representative: | Yoshihito Yamada, President and CEO |
| Stock Code: | 6645 |
| Stock exchanges: | Tokyo (First Sections) |
| Contact: | Koji Nitto, Senior General Manager Global Strategy Headquarters |
| Phone: | +81-75-344-7175 |
KYOTO, Japan -- OMRON Corporation (TOKYO: 6645; ADR: OMRNY) today announced revision of cumulative consolidated performance forecast for the first two quarters of fiscal 2014 (April 1, 2014 - September 30, 2014), released on April 24 this year.
Revised Consolidated Performance Forecast for First Two Quarters (Cumulative) of Fiscal 2014 (April 1, 2014 - September 30, 2014)
(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) 376,000 31,000 30,500 22,000 99.96 yen New Forecast (B) 400,000 39,000 40,000 29,000 131.77 yen Change (B-A) 24,000 8,000 9,500 7,000 Change (%) 6.4% 25.8% 31.1% 31.8% (Reference) Actual results for the previous cumulative second quarter (Six months ended September 30, 2013) 359,726 30,786 30,033 21,174 96.19 yen
Reasons for Revisions
During the first quarter of fiscal 2014, all business segments of the OMRON Group performed strongly, with increased sales in every business segment. For the second quarter and beyond, OMRON Group expects demand to stay robust. Based on this understanding of the environment, OMRON Group has revised its cumulative consolidated performance forecast for the first two quarters of fiscal 2014 upward as stated above. No revision is to be made for the consolidated performance forecast for this fiscal full year announced on April 24, 2014.
The assumed exchange rates for the second quarter onward in the performance forecasts are USD 1 = JPY100 and EUR 1 = JPY 135.
The performance forecast is based on information available to the Company at the present time. Due to various factors, actual results may differ materially from the forecast.
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