OMRON CORPORATION FINANCIAL FACT BOOK 2018

Transcription

1 OMRON CORPORATION FINANCIAL FACT BOOK 218 CONTENTS Page Sales Data Net Sales P.1 Foreign Exchange Rates Sales by Business Segment P.2 Sales by Region P.3 Profit Data Gross Profit, Gross Profit / Net Sales P.4 Cost Composition, Operating Income / Net Sales Operating Income by Business Sgment P.5 SG&A Expenses / Net Sales, R&D Expenses / Net Sales P.6 Net Income (Loss) Attributable to Shareholders / Net Sales Number of Employees, Net Sales per Employee P.7 Earnings per Share (EPS), Price-Earnings Ratio (PER) Financial Statement Related Ratios Working Capital, Current Ratio P.8 Total Assets, Total Assets Turnover Inventory, Inventory Turnover Property, Plant & Equipment, P.9 Property, Plant & Equipment Turnover Capital Expenditures, Depreciation & Amortization P.1 Cash Flows per Share Net Income (Loss) Attributable to Shareholders, Return on Invested Capital (ROIC) P.11 Net Income (Loss) Attributable to Shareholders, Return on Shareholders Equity (ROE) Shareholders Equity, Shareholders Equity / Total Assets P.12 Shareholders Equity per Share, Price Book-Value Ratio (PBR) Shareholder Return Dividends, Dividend Payout Ratio P.13 Treasury Stock at End of Term, Acquisition and Cancellation Financial Statements Consolidated Statements of Income (Loss) P.14 Consolidated Balance Sheets P Consolidated Statements of Cash Flows P Name of Business Segments IAB: Industrial Automation Business EMC: Electronic & Mechanical Components Business AEC: Automotive Electronic Components Business SSB: Social Systems, Solutions & Service Business HCB: Healthcare Business Other: Environmental Solutions, Backlights, Electronic Systems & Equipments, Micro Devices Definition of Region Americas: North, Central, and South America Europe: Europe, Russia, Africa, the Middle East Greater China: China, Taiwan, Hong Kong Asia Pacific: Southeast Asia, South Korea, India, Oceania Notes: 1. The financial statements are prepared in accordance with U.S. GAAP standards. Figures have been calculated on a consolidated basis for the years ended March Please refer to respective Integrated Reports (website) for audited figures. URL: 3. Data might be revised according to alterations to accounting standards.

2 Net Sales Foreign Exchange Rates 9, 8, 7, 6, 5, 4, 3, 2, 1, Net Sales <Net Sales> (Fiscal Year) Net Sales 762, ,19 524, , ,461 65, , , ,64 794,21 859,982 Change (Y/Y) +5.4% (17.8%) (16.3%) +17.7% +.3% +5.% +18.8% +9.6% (1.6%) (4.7%) +8.3% <Foreign Exchange Rates> (Yen) (Fiscal Year) USD EUR OMRON Corp. 1 Sales Data

3 Sales by Business Segment 9, 8, 7, 6, 5, 4, 3, 2, 1, Industrial Automation Business (IAB) Electronic and Mechanical Components Business (EMC) Automotive Electronic Components Business (AEC) Social Systems, Solution and Service Business (SSB) Healthcare Business (HCB) Other <Sales by Business Segment> Eliminations and Corporate (Fiscal Year) Industrial Automation Business (IAB) 339, ,24 23, ,894 27, , , ,84 335,959 33, ,14 (%) 44.5% 43.2% 38.9% 44.% 43.7% 4.4% 37.7% 39.2% 4.3% 41.7% 46.1% Electronic and Mechanical Components Business(EMC) 1,668 76,494 7,717 81,216 83,2 84,17 97,699 13,946 13,681 93,938 12,842 (%) 13.2% 12.2% 13.5% 13.1% 13.4% 12.9% 12.6% 12.3% 12.4% 11.8% 12.% Automotive Electronic Components Business (AEC) 17,521 82,19 75,163 84,259 85,27 97, ,62 137, , ,6 131,152 (%) 14.1% 13.1% 14.3% 13.6% 13.7% 15.% 16.4% 16.3% 16.8% 16.6% 15.3% Social Systems, Solution and Service Business (SSB) 76,876 72,336 57,981 63,846 57,2 68,754 67,575 66,419 7,378 61,883 63,713 (%) 1.1% 11.5% 11.1% 1.3% 9.2% 1.6% 8.7% 7.8% 8.4% 7.8% 7.4% Healthcare Business (HCB) 71,76 63,592 63,359 6,629 62,446 71,52 89,275 1,615 18,121 11,295 18,489 (%) 9.4% 1.1% 12.1% 9.8% 1.1% 11.% 11.5% 11.9% 13.% 12.8% 12.6% Other 56,841 5,989 43,592 49,672 53,535 59,24 94,69 11,373 7,188 68,51 54,826 (%) 7.4% 8.1% 8.3% 8.% 8.6% 9.1% 12.2% 12.% 8.4% 8.6% 6.4% Eliminations and Corporate 1,212 1,466 9,965 6,39 7,416 6,214 5,989 5,176 5,311 5,557 2,82 (%) 1.3% 1.7% 1.9% 1.% 1.2% 1.%.8%.6%.6%.7%.3% Total 762, ,19 524, , ,461 65, , , ,64 794,21 859,982 Notes: 1. From fiscal 29, the Companies adopted ASC No. 28, Segment Reporting. The figures for fiscal 27 through 28 have been restated to conform with the current year presentation. 2. Starting with fiscal 21, the PV inverter business in IAB was transferred to Other. The figures for fiscal 27 through 29 have been restated to conform with the current year presentation. 3. From fiscal 213, certain operations previously included in EMC have been included in IAB following a change in management categorizations. Accordingly, information figures about IAB and EMC for fiscal year 29 through 212 have been restaed to reflect this change. 4. From fiscal 217, certain operations previously included in SSB have been included in Other following a change in management categorizations. Accordingly, information figures about SSB and Other for fiscal year 213 through 216 have been restaed to reflect this change. OMRON Corp. 2 Sales Data

4 Sales by Region 9, 8, 7, 6, 5, 4, 3, 2, 1, Japan Americas Europe Greater China Asia Pacific Direct Exports <Sales by Region> (Fiscal Year) Japan 365, , ,413 3, , , , ,643 33,84 33,39 33,24 (%) 48.% 5.3% 49.3% 48.6% 47.8% 48.9% 44.6% 39.9% 39.7% 41.6% 38.4% Americas 11,884 8,397 61,154 74,397 74,82 8,427 1, ,496 13, , ,49 (%) 13.4% 12.8% 11.7% 12.% 12.1% 12.4% 13.1% 14.6% 15.7% 14.1% 13.8% Europe 134,389 13,128 77,67 84,511 83,561 8,453 1,929 18,427 19,147 12, ,1 (%) 17.6% 16.4% 14.8% 13.7% 13.5% 12.4% 13.1% 12.8% 13.1% 12.9% 13.7% Greater China 91,467 75,242 77,136 97,12 11,74 16, ,444 18, ,58 147, ,856 (%) 12.% 12.% 14.7% 15.7% 16.3% 16.3% 18.4% 21.4% 19.5% 18.6% 2.% Asia Pacific 46,659 4,36 39,654 49,999 52,357 54,828 72,259 83,54 88,157 91,785 11,932 (%) 6.1% 6.4% 7.6% 8.1% 8.5% 8.4% 9.3% 9.8% 1.6% 11.6% 12.9% Direct Exports 22,688 12,467 1,73 11,412 11,34 1,551 11,588 13,678 12,2 9,451 1,499 (%) 3.% 2.% 2.% 1.8% 1.8% 1.6% 1.5% 1.6% 1.4% 1.2% 1.2% Total 762, ,19 524, , ,461 65, , , ,64 794,21 859,982 OMRON Corp. 3 Sales Data

5 Gross Profit, Gross Profit / Net Sales Cost Composition, Operating Income / Net Sales 45, 4, 35, 3, 25, 2, 15, 1, 5, Gross Profit Gross Profit / Net Sales (%) 45% 4% 35% 3% 25% 2% 15% 1% 5% % 9, 75, 6, 45, 3, 15, Cost of Sales SG&A Expenses R&D Expenses Operating Income Operating Income / Net Sales (%) 18% 15% 12% 9% 6% 3% % <Gross Profit, Gross Profit / Net Sales> (Fiscal Year) Gross Profit 293, , , ,72 227, ,57 297,28 332,67 32, ,82 357,685 Net Sales 762, ,19 524, , ,461 65, , , ,64 794,21 859,982 Gross Profit / Net Sales 38.4% 34.8% 35.1% 37.5% 36.8% 37.1% 38.5% 39.3% 38.5% 39.3% 41.6% <Cost Composition, Operating Income / Net Sales> (Fiscal Year) Net Sales 762, ,19 524, , ,461 65, , , ,64 794,21 859,982 Cost of Sales 469,643 48,668 34, , ,574 48, , , , ,399 52,297 SG&A Expenses 176, , , , , , , ,13 25, , ,641 R&D Expenses 51,52 48,899 37,842 41,3 42,89 43,488 47,928 47,913 52,79 5,697 59,134 Operating Income 65,253 5,339 13,74 48,37 4,136 45,343 68,55 86,591 62,287 67,566 85,91 Operating Income / Net Sales 8.6%.9% 2.5% 7.8% 6.5% 7.% 8.8% 1.2% 7.5% 8.5% 1.% OMRON Corp. 4 Profit Data

6 Operating Income by Business Segment 12, 1, 8, 6, 4, 2, (2,) (4,) Industrial Automation Business (IAB) Electronic and Mechanical Components Business (EMC) Automotive Electronic Components Business (AEC) Social Systems, Solution and Service Business (SSB) Healthcare Business (HCB) Other Eliminations and Corporate <Operating Income by Business Segment> (Fiscal Year) Industrial Automation Business (IAB) 51,928 18,175 14,644 41,83 35,354 31,349 38,755 54,617 47,929 52,5 73,98 Electronic and Mechanical Components Business (EMC) 12,642 4,223 4,788 8,959 5,114 4,351 8,655 1,168 8,494 9,428 12,131 Automotive Electronic Components Business (AEC) 1,48 (7,115) 1,731 4,162 2,691 5,9 9,84 9,23 7,342 7,127 5,816 Social Systems, Solution and Service Business (SSB) 7,42 5,194 2,654 1, ,915 3,88 3,54 2,542 3,685 4,111 Healthcare Business (HCB) 9,45 4,767 7,55 4,78 2,918 4,47 7,545 6,511 7,285 8,535 11,211 Other 87 (7,318) (5,822) (4,659) (3,553) 2,526 1,348 1,35 (3,463) (1,852) (2,122) Eliminations and Corporate (17,259) (12,587) (11,976) (7,239) (2,486) (5,214) (1,212) (7,294) (7,842) (11,362) (19,216) Total 65,253 5,339 13,74 48,37 4,136 45,343 68,55 86,591 62,287 67,566 85,91 Notes: 1. From fiscal 29, the Companies adopted ASC No. 28, Segment Reporting. The figures for fiscal 27 through 28 have been restated to conform with the current year presentation. 2. Starting with fiscal 21, the PV inverter business in IAB was transferred to Other. The figures for fiscal 27 through 29 have been restated to conform with the current year presentation. 3. From fiscal 213, certain operations previously included in EMC have been included in IAB following a change in management categorizations. Accordingly, information figures about IAB and EMC for fiscal year 29 through 212 have been restaed to reflect this change. 4. From fiscal 217, certain operations previously included in SSB have been included in Other following a change in management categorizations. Accordingly, information figures about SSB and Other for fiscal year 213 through 216 have been restaed to reflect this change. OMRON Corp. 5 Profit Data

7 SG&A Expenses / Net Sales, R&D Expenses / Net Sales Net Income (Loss) Attributable to Shareholders / Net Sales 3, 25, 2, 15, 1, 5, R&D Expenses SG&A Expenses SG&A Expenses / Net Sales (%) R&D Expenses / Net Sales (%) 3% 25% 2% 15% 1% 5% % 8, 6, 4, 2, (2,) (4,) (6,) Net Income (Loss) before Taxes 8% 6% 4% 2% % (2%) (4%) (6%) <SG&A Expenses / Net Sales, R&D Expenses / Net Sales> (Fiscal Year) SG&A Expenses 176, , , , , , , ,13 25, , ,641 R&D Expenses 51,52 48,899 37,842 41,3 42,89 43,488 47,928 47,913 52,79 5,697 59,134 Net Sales 762, ,19 524, , ,461 65, , , ,64 794,21 859,982 SG&A Expenses / Net Sales 23.1% 26.2% 25.4% 23.% 23.5% 23.4% 23.5% 23.4% 24.7% 24.4% 24.7% R&D Expenses / Net Sales 6.7% 7.7% 7.2% 6.7% 6.8% 6.7% 6.2% 5.7% 6.3% 6.4% 6.9% <Net Income (Loss) Attributable to Shareholders / Net Sales> (Fiscal Year) Net Income (Loss) Attributable to Shareholders 42,383 (29,172) 3,518 26,782 16,389 3,23 46,185 62,17 47,29 45,987 63,159 Net Sales 762, ,19 524, , ,461 65, , , ,64 794,21 859,982 Net Income (Loss) Attributable to Shareholders / Net Sales 5.6% (4.7%).7% 4.3% 2.6% 4.6% 6.% 7.3% 5.7% 5.8% 7.3% OMRON Corp. 6 Profit Data

8 Number of Employees, Net Sales per Employee Earnings per Share (EPS), Price-Earnings Ratio (PER) (Persons) 4, 3, 2, 1, (Yen) (5) (1) (15) (Times) (25) (5) (75) Number of Employees Net Sales per Employee Earnings per Share (EPS) Price-Earnings Ratio (PER) (Times) <Number of Employees, Net Sales per Employee> (Fiscal Year) Number of Employees 35,426 32,583 36,299 35,684 35,992 35,411 36,842 37,572 37,79 36,8 36,193 Net Sales 762, ,19 524, , ,461 65, , , ,64 794,21 859,982 Net Sales per Employee Notes: Number of Employees is based on the figure at the end of each fiscal year. <Earnings per Share (EPS), Price-Earnings Ratio (PER)> (Yen) (Fiscal Year) Earnings per Share (EPS) (132.2) Stock Price 2,45 1,157 2,17 2,338 1,78 2,32 4,26 5,42 3,35 4,885 6,26 Price-Earnings Ratio (PER) (Times) Notes: 1. Earnings per Share is based on the number of share equivalents with a dilutive effect. 2. PER = Fiscal Year-End Stock Price / Earnings per Share OMRON Corp. 7 Profit Data

9 Working Capital, Current Ratio 3, 25, 2, 15, 1, 5, 3% 25% 2% 15% 1% 5% % Total Assets, Total Assets Turnover 8, 7, 6, 5, 4, 3, 2, 1, (Times) Working Capital Current Ratio (%) <Working Capital, Current Ratio> 3E/28 3E/29 3E/21 3E/211 3E/212 3E/213 3E/214 3E/215 3E/216 3E/217 3E/218 Current Assets 33,54 275, , ,89 38,97 333, , ,96 389,69 435,94 437,385 Current Liabilities 177,69 135,38 155, , , ,71 162,77 176, , ,81 182,778 Working Capital 152,985 14,953 13, , ,21 187, , , , , ,67 Current Ratio 186.4% 24.4% 183.7% 18.7% 21.5% 229.% 243.7% 245.6% 239.5% 253.3% 239.3% Notes: 1. Working Capital = Current Assets - Current Liabilities 2. Current Ratio = Current Assets / Current Liabilities Total Assets Total Assets Turnover (Times) <Total Assets, Total Assets Turnover> (Fiscal Year) Total Assets 623, , , ,522 55,57 555,48 614, , ,168 69, ,327 Net Sales 762, ,19 524, , ,461 65, , , ,64 794,21 859,982 Total Assets Turnover (Times) Notes: 1. Total Assets is based on the average of the beginning and end of each fiscal year. 2. Total Assets Turnover = Net Sales / Total Assets OMRON Corp. 8 Financial Statement Related Ratios

10 Inventory, Inventory Turnover Property, Plant & Equipment, Property, Plant & Equipment Turnover 14, (Times) 6. 2, (Times) 8. 12, 1, 8, 6, 4, , 1, 5, , Inventory Inventory Turnover (Times) Property, Plant & Equipment Property, Plant & Equipment Turnover (Times). <Inventory, Inventory Turnover> (Fiscal Year) Inventory 94,617 89,917 81,182 81,93 89,22 91,633 94,345 16, ,644 18, ,493 Cost of Sales 469,643 48,668 34, , ,574 48, , , , ,399 52,297 Inventory Turnover (Times) Notes: 1. Inventory is based on the average of the beginning and end of each fiscal year. 2. Inventory Turnover = Cost of Sales / Inventory <Property, Plant & Equipment, Property, Plant & Equipment Turnover> (Fiscal Year) Property, Plant & Equipment 155, ,66 127, ,496 12, , ,21 143,59 149,9 137,9 131,359 Net Sales 762, ,19 524, , ,461 65, , , ,64 794,21 859,982 Property, Plant & Equipment Turnover (Times) Notes: 1. Property, Plant & Equipment is based on the average of the beginning and end of each fiscal year. 2. Property, Plant & Equipment Turnover = Net Sales / Property, Plant & Equipment OMRON Corp. 9 Finacial Statement Related Ratios

11 Capital Expenditures, Depreciation & Amortization 5, 4, 3, 2, 1, Cash Flows per Share (Yen) Capital Expenditures Depreciation & Amortization Cash Flows per Share (Yen) <Capital Expenditures, Depreciation & Amortization> (Fiscal Year) Capital Expenditures 37,72 36,844 19,524 23,192 28,341 28,285 33,653 38,143 36,859 25,692 38,852 Depreciation & Amortization 36,343 33,496 27,14 22,984 22,617 22,452 25,89 28,339 31,46 28,966 29,465 <Cash Flows per Share> (Fiscal Year) Cash Flows 78,726 4,324 3,532 49,766 39,6 52,655 71,274 9,59 78,75 74,953 92,624 Number of Shares 221,679,88 22,162,428 22,155,78 22,88,828 22,129,633 22,128,465 22,89, ,253,45 213,88, ,85,336 21,65,256 Cash Flows per Share (Yen) Notes: 1. Cash Flows = Net Income (Loss) Attributable to Shareholders + Depreciation & Amortization 2. Number of Shares = Shares Outstanding at End of Term Treasury Stock at End of Term OMRON Corp. 1 Financial Statement Related Ratios

12 Net Income (Loss) Attributable to Shareholders, Return on Invested Capital (ROIC) Net Income (Loss) Attributable to Shareholders, Return on Shareholders Equity (ROE) 8, 2% 8, 2% 6, 15% 6, 15% 4, 1% 4, 1% 2, 5% 2, 5% % % (2,) (5%) (2,) (5%) (4,) Invested Capital = Net Assets + Interest-Bearing Debt (1%) 3. Return on Invested Capital = Net Income (Loss) Attributable to Shareholders / Invested Capital (4,) Net Income (Loss) Attributable to Return on Invested Capital (ROIC) Net Income (Loss) Attributable to Shareholders Shareholders Return on Shareholders Equity (ROE) <Net Income (Loss) Attributable to Shareholders, Return on Invested Capital (ROIC)> (Fiscal Year) Net Income (Loss) Attributable to Shareholders 42,383 (29,172) 3,518 26,782 16,389 3,23 46,185 62,17 47,29 45,987 63,159 Invested Capital 49,43 383, , , , ,449 48,31 465,4 489, , ,776 Return on Invested Capital (ROIC) 1.4% (7.6%) 1.% 7.8% 4.8% 8.6% 11.3% 13.4% 9.7% 1.3% 12.7% Notes: 1. Invested Capital is based on the average of previous fiscal year-end result and quarterly results of current fiscal year. (1%) <Net Income (Loss) Attributable to Shareholders, Return on Shareholders Equity (ROE)> (Fiscal Year) Net Income (Loss) Attributable to Shareholders 42,383 (29,172) 3,518 26,782 16,389 3,23 46,185 62,17 47,29 45,987 63,159 Shareholders Equity 375, ,457 32,369 39,54 316, ,91 398,736 46, , , ,28 Return on Shareholders Equity (ROE) 11.3% (8.7%) 1.2% 8.7% 5.2% 8.8% 11.6% 13.5% 1.1% 1.1% 13.% Notes: 1. Shareholders Equity is based on the average of the beginning and end of each fiscal year. 2. Return on Shareholders Equity = Net Income (Loss) Attributable to Shareholders / Shareholders Equity OMRON Corp. 11 Financial Statement Related Ratios

13 Shareholders Equity, Shareholders Equity / Total Assets Shareholders Equity per Share, Price Book-Value Ratio (PBR) 6, 1% (Yen) 2,5 (Times) 3. 5, 4, 3, 2, 1, 8% 6% 4% 2% 2, 1,5 1, %. Shareholders Equity Shareholders Equity / Total Assets (%) Shareholders Equity per Share Price Book-Value Ratio (PBR) (Times) <Shareholders Equity, Shareholders Equity / Total Assets> 3E/28 3E/29 3E/21 3E/211 3E/212 3E/213 3E/214 3E/215 3E/216 3E/217 3E/218 Debt 248, , , , ,643 24, , , , , ,566 Debt / Shareholders Equity Ratio Shareholders Equity 368,52 298,411 36, ,753 32,84 366,962 43,59 489, , ,29 55,53 Total Assets 617, ,28 532, ,79 537, , ,74 711,11 683, ,71 744,952 Shareholders Equity / Total Assets 59.7% 55.4% 57.6% 55.6% 59.7% 64.% 65.8% 68.9% 65.1% 67.2% 67.9% Note: Debt / Shareholders Equity Ratio = Debt / Shareholders Equity <Shareholders Equity per Share, Price Book-Value Ratio (PBR)> (Yen) 3E/28 3E/29 3E/21 3E/211 3E/212 3E/213 3E/214 3E/215 3E/216 3E/217 3E/218 Number of Shares (Shares) 221,679,88 22,162,428 22,155,78 22,88,828 22,129,633 22,128,465 22,89, ,253,45 213,88, ,85,336 21,65,256 Shareholders Equity per Share 1,662 1,355 1,391 1,421 1,458 1,667 1,956 2,254 2,8 2,194 2,4 Stock Price (FYE Closing Price) 2,45 1,157 2,17 2,338 1,78 2,32 4,26 5,42 3,35 4,885 6,26 Price Book-Value Ratio (PBR) (Times) Notes: 1. Number of Shares = Shares Outstanding at End of Term Treasury Stock at End of Term 2. Shareholders Equity per Share is based on the number of shares outstanding at the end of term. 3. Price Book-Value Ratio (PBR) = Fiscal Year-End Stock Price / Shareholders Equity per Share OMRON Corp. 12 Financial Statement Related Ratios

14 Dividends, Dividend Payout Ratio (Yen) Dividends Dividend Payout Ratio 12% 15% 9% 75% 6% 45% 3% 15% % Treasury Stock at End of Term, Acquisition and Cancellation (Million Shares) (5) (1) (15) Acquisition of Treasury Stock Cancellation of Treasury Stock Treasury Stock at End of Term <Dividends, Dividend Payout Ratio> (Yen) (Fiscal Year) Dividends Dividend Payout Ratio 22.6% % 24.7% 37.6% 27.% 25.3% 25.% 31.1% 31.6% 25.6% Notes: 1. Dividends for fiscal 27 include a commemorative dividend of Dividends for fiscal 212 include a commemorative dividend of 5.. <Treasury Stock at End of Term, Acquisition and Cancellation> (Fiscal Year) Acquisition of Treasury Stock 8,841,722 1,517,38 7,35 66,25 (4,85) 1,168 39,136 2,835,924 3,444,631 3,438 3,2,8 Cancellation of Treasury Stock (1,,) (12,,) - (9,723,5) (3,439,7) - - Treasury Stock at End of Term 17,441,564 18,958,944 18,966,294 19,32,544 18,991,739 6,992,97 7,32,43 144, , ,836 3,352,916 Stock Outstanding at End of Term 239,121, ,121, ,121, ,121, ,121, ,121, ,121, ,397, ,958, ,958, ,958,172 Treasury Stock Ratio 7.3% 7.9% 7.9% 8.% 7.9% 3.1% 3.1%.1%.1%.1% 1.6% Note: Treasury Stock Ratio = Treasury Stock at End of Term / Stock Outstanding at End of Term OMRON Corp. 13 Shareholder Return

15 Consolidated Statements of Income (Loss) (Fiscal Year) Net Sales 762, ,19 524, , ,461 65, , , ,64 794,21 859,982 Costs and Expenses 469,643 48,668 34, , ,574 48, , , , ,399 52,297 Gross Profit 293, , , ,72 227, ,57 297,28 332,67 32, ,82 357,685 Selling, General and Administrative Expenses 176, , , , , , , ,13 25, , ,641 Research and Development Expenses 51,52 48,899 37,842 41,3 42,89 43,488 47,928 47,913 52,79 5,697 59,134 Operating Income 65,253 5,339 13,74 48,37 4,136 45,343 68,55 86,591 62,287 67,566 85,91 Other Expenses (Income), net 1,87 44,472 2,879 6,344 6,589 4,16 6,48 (797) (3,399) 2,74 2,543 Income (Loss) before Income Taxes 64,166 (39,133) 1,195 41,693 33,547 41,237 62,7 87,388 65,686 65,492 83,367 Income Taxes 24,272 (1,495) 3,782 14,487 17,826 14,96 19,475 28,893 2,43 19,882 21,615 Minority Interests 217 (277) Equity in Earnings of Affiliates , (631) (2,976) (3,782) (3,937) (2,39) (712) (1,754) Net income 39,329 (29,172) 3,621 27,16 16,352 3,117 46,314 62,432 47,682 46,322 63,56 Net Income (Loss) Attributable to Noncontrolling Interests (37) (86) Net Income from Discontinued Operations 3, Net Income (Loss) Attributable to Shareholders 42,383 (29,172) 3,518 26,782 16,389 3,23 46,185 62,17 47,29 45,987 63,159 <Per Share Data> (Yen) Net Income (Loss) Attributable to OMRON Shareholders per Share (Basic) (132.2) Net Income Attributable to Shareholders per Share (Diluted) Cash Dividends per Share Applicable to Period OMRON Corp. 14 Financial Statements

16 Consolidated Balance Sheets 3E/28 3E/29 3E/21 3E/211 3E/212 3E/213 3E/214 3E/215 3E/216 3E/217 3E/218 (Assets) Current Assets 33,54 275, , ,89 38,97 333, , ,96 389,69 435,94 437,385 Cash and Cash Equivalents 4,624 46,631 51,726 74,735 45,257 55,78 9,251 12,622 82,91 126,26 113,23 Notes and Accounts Receivable-Trade 166, , ,25 137, ,34 158, , , ,93 169,21 174,65 Allowance for Doubtful Receivables (2,211) (2,562) (2,531) (2,23) (2,25) (1,988) (1,812) (1,624) (1,654) (1,32) (1,117) Inventories 95,125 84,78 77,655 86,151 92,253 91,13 97, ,2 17,267 19,44 129,581 Deferred Income Taxes 19,69 16,522 19,988 2,183 17,975 17,611 22,688 19,941 18,469 19,123 - Other Current Assets 9,948 17,141 12,67 11,52 11,513 12,439 13,473 18,362 17,524 13,461 21,833 Property, Plant, and Equipment 152, , , ,998 12,76 126, , , , , ,13 Land 27,126 26,753 26,376 27,875 26,95 26,591 26,344 26,721 26,376 25,55 24,886 Buildings 128,183 12, , , ,87 137,821 14, ,12 146, , ,389 Machinery and Equipment 167,36 143,81 14,2 136, , , ,192 22,149 24, ,286 25,233 Construction in Progress 6,277 9,61 2,733 6,836 7,417 6,729 7,126 6,619 6,142 6,14 1,63 Accumulated Depreciation (175,946) (167,324) (173,659) (177,191) (184,679) (2,492) (29,591) (231,157) (236,864) (234,852) (25,468) Investments and Other Assets 134, , ,52 114,92 18,52 113,18 122, , , , ,464 Investments in and Advances to Affiliates 16,645 15,638 13,637 13,521 14,443 17,939 21,349 24,318 25,48 25,33 27,195 Investment Securities 39,139 31,682 38,556 35,694 36,161 38,193 51,117 57,16 37,55 27,6 29,16 Leasehold Deposits 8,87 7,784 7,452 7,126 7,219 6,914 6,95 6,971 6,758 6,97 7,531 Deferred Income Taxes 28,151 53,783 45,737 42,19 34,516 3,612 2,918 6,366 22,8 21,11 39,947 Other Assets 42,615 2,867 18,12 16,371 16,181 19,45 22,311 3,72 56,21 53,865 3,7 Total 617, ,28 532, ,79 537, , ,74 711,11 683, ,71 744,952 OMRON Corp. 15 Financial Statements

17 Consolidated Balance Sheets 3E/28 3E/29 3E/21 3E/211 3E/212 3E/213 3E/214 3E/215 3E/216 3E/217 3E/218 (Liabilities) Current Liabilities 177,69 135,38 155, , , ,71 162,77 176, , ,81 182,778 Short-Term Debt 17,795 32,97 16,612 45,519 18,774 5, Notes and Accounts Payable-Trade 94,654 58,179 68,874 77,836 79,331 75,592 85,218 92,72 82,66 89,362 93,792 Accrued Expenses 3,622 24,791 25,891 29,414 29,179 32,818 39,897 41,942 37,975 39,354 44,291 Income Taxes Payable 8, ,71 2, ,97 6,34 3,68 6,89 6,994 6,414 Other Current Liabilities 24,517 17,899 21,16 26,244 24,989 27,814 3,764 38,438 35,192 36,215 38,281 Current Portion of Long-Term Debt , Long-Term Debt 1,492 21,41 1, Deferred Income Taxes 3, , Termination and Retirement Benefits 63,536 8,443 66,964 65,485 6,432 56,944 5,683 3,393 62,289 43,78 42,342 Other Long-Term Liabilities ,577 1,634 6,369 11,65 1,679 1,392 11,74 Minority Interests 2,18 1, Total Liabilities 248, , , , ,643 24, , , , , ,566 (Net Assets) Shareholders Equity 368,52 298,411 36, ,753 32,84 366,962 43,59 489, , ,29 55,53 Common Stock 64,1 64,1 64,1 64,1 64,1 64,1 64,1 64,1 64,1 64,1 64,1 Capital Surplus 98,961 99,59 99,81 99,81 99,78 99,66 99,67 99,7 99,11 99,138 99,588 Legal Reserve 8,673 9,59 9,363 9,574 1,34 1,876 11,196 13,43 15,194 17,813 19,94 Retained Earnings 266, ,388 23,859 25,824 26, , ,853 31, , , 39,95 Accumulated Other Comprehensive Income (Loss) (28,217) (6,744) (52,614) (66,227) (68,433) (44,349) (15,162) 12,489 (5,24) (57,363) (49,359) Foreign Currency Translation Adjustments (5,782) (22,319) (23,678) (34,46) (36,544) (14,224) 4,536 26,313 2,541 (6,327) (3,176) Pension Liability Adjustments (29,245) (4,57) (36,553) (38,736) (38,815) (39,73) (38,29) (36,486) (64,525) (56,571) (53,785) Net Unrealized Gains, (Losses) on Available-for-Sale Securities 6,51 2,763 7,684 6,57 6,995 9,58 18,466 22,478 11,884 5,765 7,426 Net Gains (Losses) on Derivative Instruments 39 (618) (67) (15) (69) 25 (135) 184 (14) (23) 176 Treasury Stock (41,466) (44,451) (44,462) (44,599) (44,496) (16,385) (16,545) (467) (644) (659) (19,689) Noncontrolling Interests ,81 2,269 2,325 2,316 1,728 1,856 Total Net Assets , , ,68 368, , ,94 447,34 47,757 57,386 Total 617, ,28 532, ,79 537, , ,74 711,11 683, ,71 744,952 OMRON Corp. 16 Financial Statements

18 Consolidated Statements of Cash Flows (Fiscal Year) I. Operating Activities Net Income (Loss) Attributable to Shareholders 42,383 (29,172) Net Income - - 3,621 27,16 16,352 3,117 46,314 62,432 47,682 46,322 63,56 Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities Depreciation and Amortization 36,343 33,496 27,14 22,984 22,617 22,452 25,89 28,339 31,46 28,966 29,465 Net Loss on Sale and Disposals of Property, Plant and Equipment 963 1, ,146 3,432 (485) Loss on Impairment , , , Net Gain on Sale of Investment Securities (1,571) (64) (636) (7) (37) (677) (1,714) (4,337) (1,499) (3,764) (3,3) Loss on Impairment of Investment Securities 2,297 5, , Loss on Impairment of Goodwill - 16, , Gain on Retirement Benefit Trust (4,14) (7,4) - Termination and Retirement Benefits (1,722) (1,39) (5,11) (4,785) (5,669) (4,433) (4,417) (17,427) 698 2,863 2,76 Deferred Income Taxes (131) (13,895) (1,31) 5,374 9,981 3,762 2,17 11,938 2, (2,67) Minority Interests 217 (277) Equity in loss (earnings) of affiliates , (631) (2,976) (3,782) (3,937) (2,39) (712) (1,754) Loss (Gain) on Sales of Business Entities (5,177) (3,686) 14 Change in Assets and Liabilities Decrease (Increase) in Notes and Accounts Receivable-Trade 4,977 47,526 (14,44) (16,227) (6,838) (5,827) (6,613) 3,384 9,436 (8,923) (3,21) Decrease (Increase) in Inventories (3,2) 5,776 4,977 (12,174) (6,538) 8,641 (325) (1,671) 6,61 (7,112) (17,49) Decrease (Increase) in Other Assets 644 (7,689) 4,457 1,48 (483) 21 (32) (2,828) 1,3 2,64 (6,113) Increase (Decrease) in Notes and Accounts Payable-Trade 5,35 (34,46) 13,298 9, (5,927) 5,824 1,658 (7,189) 8,384 4,116 Increase (Decrease) in Income Taxes Payable (2,663) (8,44) 1,995 (453) (1,562) 3,121 2,277 (3,127) 3, (614) Increase (Decrease) in Accrued Expenses and Other Current Liabilities (1,846) (8,29) 4,554 8, ,519 1,883 6,318 (4,614) 5,97 6,276 Other, net 463 1,266 (139) (518) 22 (1,817) 919 1,58 1,586 (284) 285 Net Cash Provided by Operating Activities 68,996 31,48 42,759 41,956 31,946 53,58 79,44 77,57 84,27 77,875 73,673 OMRON Corp. 17 Financial Statements

19 Consolidated Statements of Cash Flows (Fiscal Year) II. Investing Activities Proceeds from Sales or Maturities of Investment Securities - - 1, ,658 2,84 5,274 2,214 4,66 3,776 Purchase of Investment Securities - - (15) - (911) - (2,179) (63) (33) (3,274) (649) Net Proceeds (Purchase) of Short-Term Investments and Investment Securities (3,51) (4,49) Capital Expenditures (37,848) (37,477) (2,792) (21,647) (27,52) (3,383) (32,218) (37,123) (37,93) (25,816) (38,542) Decrease (Increase) in Leasehold Deposits, Net (11) (145) (634) Proceeds from Sales of Property, Plant and Equipment 5,38 1,46 1,49 1,66 2, ,239 2, Equity Transaction with Noncontrolling Interests - - (16) - - (1) Decrease (Increase) in Investment in and Loans to Affiliates (85) (16) (931) 2 (48) (1,884) 29 (3) (2) 3 - Payment for Acquisition of Business, Net (8,26) (1,12) 141 (672) (8,3) (33,448) - (2,445) Proceeds from Sale of Business, Net of cash paid 8, (34) ,187 (427) Other, net Net Cash Used in Investing Activities (36,681) (4,628) (18,584) (2,21) (26,486) (28,471) (31,125) (39,517) (67,116) (15,41) (55,842) III. Financing Activities Net Borrowings (Repayments) of Short-Term Debt (3,523) 15,291 (16,282) 29,52 (26,744) (13,273) (5,135) (853) Proceeds from Issuance of Long-Term Debt and Warrants 28 2, Repayments of Long-Term Debt (772) (916) (524) (2,299) Dividends Paid (8,259) (9,52) Dividends Paid by the Company - - (3,83) (5,285) (6,64) (6,164) (1,566) (12,985) (16,77) (14,539) (15,378) Dividends Paid to Noncontrolling Interests - - (762) - (15) (2) - (277) (256) (297) (215) Acquisition of Treasury Stock (22,348) (2,995) (13) (14) (1) - (161) (15,54) (15,23) (16) (18,53) Sales of Treasury Stock Exercise of Stock Options Proceeds from Equity Transactions with Noncontrolling Interests Payments from Equity Transactions with Noncontrolling Interests (47) - Other, net (121) 7 (458) (134) (196) Net Cash Provided by (used in) Financing Activities (34,481) 21,867 (2,358) 3,333 (33,492) (18,55) (16,298) (29,33) (31,55) (15,12) (33,82) IV. Effect of Exchange Rate Change on Cash and Cash Equivalents (25) (6,64) 1,278 (2,7) (1,446) 4,414 2,922 4,134 (5,253) (4,76) 2,248 Net Increase (Decrease) in Cash and Cash Equivalents (2,371) 6,7 5,95 23,9 (29,478) 1,451 34,543 12,371 (19,712) 43,116 (13,3) Cash and Cash Equivalents at Beginning of the Year 42,995 4,624 46,631 51,726 74,735 45,257 55,78 9,251 12,622 82,91 126,26 Cash and Cash Equivalents at End of the Year 4,624 46,631 51,726 74,735 45,257 55,78 9,251 12,622 82,91 126,26 113,23 OMRON Corp. 18 Financial Statements

20 OMRON Corporation Investor Relations Department Global Investor & Brand Communications Headquarters SHINAGAWA FRONT BUILDING 7F , KONAN, MINATO-KU, TOKYO JAPAN PHONE: FAX: URL: