Product category:
Other OEM Display Modules and Meters
News Release from: Omron Corp
Edited by the Electronicstalk Editorial
Team on 28 July 2006
Omron consolidated financial results
Omron, a global leader in electronic components, sensing and control technologies, has reported earnigs for the first quarter.
Omron Corporation, a global leader in electronic components, sensing and control technologies, has reported earnigs for the first quarter The Omron Group's net sales for the first quarter totaled JPY 155.4 billion
This article was originally published on Electronicstalk on 10 Sep 2003 at 8.00am (UK)
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Operating income was JPY 9.5 billion, income before income taxes was JPY 13.6 billion, and net income was JPY 6.9 billion.
Looking at economic conditions during the first quarter (April - June 2006) of the Omron Group's fiscal year, the direction of the global economy remained difficult to predict, with continued high crude oil prices.
However, the US economy continued to be firm against the backdrop of solid capital investment.
The European economy continued to improve, and export-led expansion also continued in the economies of Asia.
In the Japanese economy, a steady recovery continued overall, due to factors including improved corporate earnings reflecting strong corporate performance, while improved employment and income conditions supported steady consumer spending.
In this economic environment, the Omron Group's net sales for the first quarter were JPY 155,414 million (an increase of 12.2 percent compared with the same period of the previous year).
Supported by brisk corporate capital investment, the Omron Group's factory automation control devices, consumer and commerce components for IT and digital-related products, and automotive electronic components performed well.
As a result, net sales for the first quarter were higher than in the same period a year earlier.
While making aggressive investments for future growth, the Omron Group proceeded with ongoing structure reforms to strengthen the profit structure of existing businesses, resulting in operating income of JPY 9,519 million (an increase of 4.6 percent compared with the same period of the previous year).
Income before income taxes was JPY 13,612 million (an increase of 58.7 percent compared with the same period of the previous year) due to factors including a JPY 10,141 million gain on the establishment of a retirement benefit trust and a JPY 5,915 million loss on the sale of land and buildings of the Tokyo Head Office (Minato-ku, Tokyo).
Net income for the first quarter was JPY 6,858 million (an increase of 33.2 percent compared with the same period of the previous year).
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