TMCnet News
OMRON's Fiscal 2017 Net Income Jumps 37.3%, to Record JPY63.2 BillionOMRON Corporation (TOKYO:6645) today announced its consolidated operating results for fiscal 2017, ended March 31, 2018.
Companywide growth in the core Industrial Automation and Healthcare
businesses resulted in net sales rising 8.3% from a year earlier, to
JPY860.0 billion. Gross profit increased 14.7%, to JPY357.7 billion,
operating income advanced 27.1%, to JPY85.9 billion, and net income
attributable to shareholders jumped 37.3%, to JPY63.2 billion, a record
for the Company. Gross profit was also a record, with the gross profit
margin gaining 2.3 percentage points, to 41.6%. Driven by growing worldwide demand for more labor-saving automation and high technology automation solutions in the manufacturing sector, sales at OMRON's mainstay Industrial Automation Business rose 23%. Demand was brisk across all the company's key focus sectors-automobile, digital devices, food processing and social infrastructure. Growth was particularly strong in such digital device areas as smartphones and semiconductors.
For fiscal 2018, the company expects net sales to rise 4.7%, to JPY900.0
billion, gross profit to increase 6.9%, to JPY382.5 billion, operating
income to rise 8.3%, to JPY93.0 billion, and net income attributable to
shareholders to advance 2.1%, to JPY64.5 billion. All these figures
would be new highs. The Industrial Automation Business should again
drive gains on the strength of automation demand in the digital devices
and automobile sectors. The company also stands to benefit from progress
in the Healthcare Business, reflecting a rising number of hypertension
patients worldwide and greater opportunities from expansion in the
healthcare data market. Management plans to lift dividends per share for
the year by JPY16.0, to a record JPY92.0.
1 Details of VG 2.0 are available at: https://www.omron.com/vg2020/
About OMRON Corporation
View source version on businesswire.com: https://www.businesswire.com/news/home/20180426005684/en/ |