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ROIC 7.8%4.8％8.6％11.3%approx. 12%approx. 13%
ROE 8.7%5.2%8.8%11.6%approx. 12%approx. 13%
EPS ¥121.7¥74.5¥137.2¥209.8¥231.7approx. ¥290
FY2010 FY2011 FY2012 FY2013 FY2014
(Plan)*2
FY2016
(Plan)*2
Net sales 617.8 619.5 650.5 773.0 800.0over 900.0
Operating income 48.0 40.1 45.3 68.1 74.0over 90.0
Operating income margin 7.8%6.5%7.0%8.8%9.3% over 10%
Free cash flow*121.7 5.5 24.6 47.9ー ー
Cash and cash equivalents 74.7 45.3 55.7 90.3ー ー
Total interest-bearing liabilities 45.5 18.8 5.6 0.5ー ー
Net cash 29.2 26.5 50.1 89.8ー ー
Billions of yen
*1 Net cash provided by operating activities + Net cash used in investing activities
*2 Assumed exchange rates: USD1 = ¥100, EUR1 = ¥135
In April 2013, Omron established the position of Chief Financial Officer (CFO). This move was an
attempt to improve portfolio management and expedite decision making and to better respond
to today’s volatile operating environment.
As the first CFO, I worked to fulfill this responsibility throughout my first year and while
attempting to find my own unique style in this role.
The Chief Executive Officer (CEO) is the head commander of Omron. Meanwhile, I, as CFO,
control financial management, including investment and shareholder return policies.
EARTH-1 STAGE:
Three Years of Prioritized
Growth Investment
Message from the CFO
July 2014
Yoshinori Suzuki
Executive Vice President and CFO
Placing Growth Investment First
During the GLOBE STAGE, we successfully
strengthened our ability to generate cash by
improving the profitability of each of our busi-
nesses. In fact, free cash flow amounted to
¥47.9 billion in fiscal 2013, up ¥23.3 billion
from fiscal 2012, and net cash totaled approx-
imately ¥90.0 billion. What is most impressive
is that we accomplished these figures while
conducting forward-looking growth invest-
ment. We are committed to establishing a
growth structure for supporting future devel-
opment in the EARTH-1 STAGE. We will allo-
cate cash on hand as well as the cash to be
generated continually into the future to three
areas: growth investment, dividends, and
share buybacks. Growth investment will be of
particular priority.
Omron has designated the three-year period
from fiscal 2014 to fiscal 2016 as the EARTH-1
STAGE. During this period, we plan to invest
approximately ¥100 billion in the establishment
of a
“self-driven growth structure.” Specifically,
we will expand sales channels in the ASEAN
region, India, South Korea, and other parts of
Asia to develop operations in these areas into a
core business pillar alongside those in China. In
addition, we will accelerate new business de-
velopment in the industrial, social, lifestyle, and
environmental fields. Omron will also collabo-
rate with other companies and academia.
About Omron Where We’re Headed Corporate Value Initiatives Corporate Value Foundation Financial Section
24 Omron Corporation Integrated Report 2014 25