Product category: Displays
News Release from: Omron Corp
Edited by the Electronicstalk Editorial Team on 30 April 2007

Omron sales leap up 17.5%

Omron's net sales rose 17.5% year-on-year, setting a new record for the second consecutive year

Omron has reported record financial results for the fiscal year ended March 31st, 2007. Net sales rose 17.5% year-on-year to JPY 736.7 billion, setting a new record for the second consecutive year. Operating profits were also at their highest-ever level ever for a fourth consecutive term, surpassing the firm's targets and growing 3.1% to JPY 64 billion (excluding the gain on the transfer of the substitutional portion of the employees' pension fund recorded in the previous year, this represents an increase of 27.5%).

Net income before taxes increased 3% to JPY 66.3 billion, and net income rose 7% to JPY 38.3 billion.

Each of these figures represent record highs for the company.

In markets related to the Omron Group, sales of factory automation control systems, the group's core business, remained strong, supported by robust corporate capital investment.

With recovery in the electronic components industry, sales of consumer and commerce components for IT and digital products were also solid.

Sales of automotive electronic components continued to expand against a backdrop of increasing needs for car electronics related to vehicle safety and the environment.

In addition, demand for renewal of public transportation systems and other projects expanded as railway companies nationwide moved to adopt common IC cards.

In this environment, the Omron Group set 'Accelerating Growth while Securing Profit Increase' as its fiscal year policy, with 'Advancing toward FY07 Targets by Front-Loading Growth' as the sub-heading.

Assuming an increase in income, the Omron Group accelerated the growth of each business, made the necessary investments to ensure that targets are reached in fiscal 2007, the final year of the second stage of GD2010, and promoted lasting efficiency gains aimed at realising its envisioned profit structure.

In accordance with company's 'Basic Policy for Distribution of Profits' and in consideration of results for the fiscal year ended March 31st, 2007 and the previous fiscal year, Omron plans to pay an ordinary year-end dividend of JPY 19 per share for fiscal 2006 (ended March 31st, 2007).

Combined with the earlier interim dividend of JPY 15 per share, this will bring total dividends for the year to JPY 34 per share, an increase of JPY 4 per share from the previous fiscal year.

Omron plans to place this matter on the agenda at the 70th Ordinary General Meeting of Shareholders, to be held in June 2007.

For fiscal 2007 (ending March 31st, 2008), Omron plans to pay an interim dividend of JPY 17 per share, and has not yet decided on the year-end dividend. Request free introductory details about products from Omron Corp....

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