Product category: Displays
News Release from: Omron Corp
Edited by the Electronicstalk Editorial Team on 31 October 2006
Weak yen boosts Omron's sales figures
Omron Group net sales increased by 15.6% during the first half of the financial year
Omron Corp has announced results for the first half ended 30th September 2006. Markets related to the Omron Group were strong in general, due in part to the effects of the weaker yen and business acquisitions. As a result, Omron Group net sales increased by 15.6% from the previous interim period to JPY 329,847 million.
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Operating income was JPY 24,037 million, a 23.1% decrease from the same period in the previous fiscal year.
Income before income taxes was JPY 29,890 million, a decrease of 5.9% from the same period in the previous fiscal year, due to factors including a JPY 10,141 million gain on the establishment of a retirement benefit trust and a JPY 5915 million loss on the sales of land and buildings of the Tokyo Head Office.
Net income for the period was JPY 14,793 million, a decrease of 11.6% from the same period in the previous fiscal year.
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Profit categories were below the level of the same period in the previous fiscal year because the Company recorded a JPY 11,915 million gain on the transfer of the substitutional portion of the employees' pension fund in the previous fiscal year.
Excluding this transfer gain, operating income increased 24.3% compared with the same period of the previous fiscal year.
For the year ending 31th March 2007, Omron has revised forecasts to net sales of JPY 740,000 million, income before income taxes of JPY 65,000 million, net income of JPY 37,500 million, and net income of JPY 162.69 per share.
Omron plans to pay an annual cash dividend of JPY 30.00 per share (interim cash dividend per share: JPY 15.00). Request free introductory details about products from Omron Corp....
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