Omron 2002 Annual Report Download - page 48

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Independent Auditors’ Report
To the Board of Directors and Shareholders of Omron Corporation
We have audited the accompanying consolidated balance sheets of Omron Corporation and subsidiaries as of March 31,
2002 and 2001, and the related consolidated statements of operations, comprehensive income (loss), shareholders’ equity,
and cash flows for each of the three years in the period ended March 31, 2002, all expressed in Japanese yen. These financial
statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial
statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclo-
sures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
Certain information required by Statement of Financial Accounting Standards No. 131, “Disclosures about Segments of an
Enterprise and Related Information,” has not been presented in the accompanying consolidated financial statements. In our
opinion, presentation concerning operating segments and other information is required for a complete presentation of the
Company’s consolidated financial statements.
In our opinion, except for the omission of segment information as discussed in the third paragraph, the consolidated finan-
cial statements referred to above present fairly, in all material respects, the financial position of Omron Corporation and sub-
sidiaries as of March 31, 2002 and 2001, and the results of their operations and their cash flows for each of the three years in
the period ended March 31, 2002 in conformity with accounting principles generally accepted in the United States of America.
Our audits also comprehended the translation of Japanese yen amounts into United States dollar amounts and, in our opin-
ion, such translation has been made in conformity with the basis stated in Note 2 to the consolidated financial statements.
Such United States dollar amounts are presented solely for convenience.
Osaka, Japan
June 17, 2002
46 Omron Corporation