OMRON Revises Fiscal 2009 Consolidated Performance Forecast
FOR IMMEDIATE RELEASEJanuary 28, 2010
|Company Name:||OMRON Corporation|
|Representative:||President & CEO
|Stock ticker number:||6645|
|Stock exchanges:||Tokyo and Osaka
|Contact:||Hideo Higuchi, Senior General Manager
Corporate Strategic Planning Headquarters
Kyoto, Japan - Based on recent trends in business performance, OMRON Corporation (TOKYO: 6645; ADR: OMRNY) has revised its consolidated performance forecast for fiscal 2009 (April 1, 2009 to March 31, 2010), which was announced on April 27, 2009. Details are as follows:
- Revision to Fiscal 2009 Forecast (April 1, 2009 to March 31, 2010)
(Millions of yen) Net sales Operating income Income (loss)
before income taxes
Net income (loss) Previous forecast (A)
(Announced on April 27, 2009)
510,000 0 (3,500) (2,000) Revised forecast (B) 520,000 10,000 5,500 3,000 Difference (B-A) 10,000 10,000 9,000 5,000 Difference (%) 2.0% - - - Reference: Fiscal 2008 actual 627,190 5,339 (39,133) (29,172)
Note: Net income (loss) is identical to net income (loss) attributable to shareholders
- Reasons for the Revision
Ongoing profitability improvement measures centering on the reduction of fixed costs, implemented across the OMRON Group, have produced positive effects. In addition, recovery of production mainly in Japan and China has driven up demand for control components and systems, OMRON's mainstay business. Robust performance in the healthcare and medical devices business has also led to an improved outlook for consolidated performance in fiscal 2009.
The OMRON Group is determined to thoroughly promote profitability measures, and continue to exert a concerted effort to implement business structure reform, in order to achieve steady restoration of performance.
Note: The above forecast is based on information available to the Company at the time of this announcement. Actual results may differ materially from the forecast due to various factors.