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Integrated Report 2016
Year ended March 31, 2016

Table of contents

  • Page 1
    Integrated Report 2016 Year ended March 31, 2016

  • Page 2
    ... products and services that anticipate the needs of society, solving a variety of social issues. Omron will continue to improve lives and contribute to a better society through our businesses, generating sustainable corporate value. Blood Pressure Monitors â-¶ Automated Train Station System...

  • Page 3
    ... Board Inspection System "OKAO® Vision" 1995 Developed Image Sensing Technology 2015 Revised Omron Principles "AICOT®" Technology 2011 Introduced PV Inverters with Long-Term Management Strategy "Sysmac NJ" Integrated Machine Automation Controller 2011 Introduced 1990 Changed Corporate...

  • Page 4
    ... 12 11 Message from the CFO Where We ' re Headed About Omron 16 18 Board of Directors and Auditors Making the World Smaller through Sensing and Control + Think Technologies Business Model Omron Products (Market Share and Sales by Product) The Year in Review Financial Highlights Non-Financial...

  • Page 5
    ...64 68 Human Resources Management TOPICS 50 Driving Business Growth with Information Technology 70 76 51 52 Corporate Governance Cultivating Strong Relationships through Responsible Engagement Directors, Audit & Supervisory Board Members, Honorary Chairman, and Executive Officers 78 Financial...

  • Page 6
    Message from the CEO 4 OMRON Corporation

  • Page 7
    ... Omron Where We re Headed Achieving growth through a stronger earnings structure. Solving social issues through new technologies and innovative concepts. Corporate Value Initiatives Corporate Value Foundation Yoshihito Yamada President and CEO July 2016 Financial Section Integrated Report 2016...

  • Page 8
    ...(IAB), securing advanced robotics and motion control technologies. We believe these acquisitions will provide an even stronger foundation for growth in our IAB. Fiscal 2014 / 2015 Earnings and Fiscal 2016 Plans FY2014 Net Sales Gross Profit (Gross Profit Margin) Operating Income (Operating Income...

  • Page 9
    ... businesses and leading-edge technology development will help create an engine for self-driven growth. Where We re Headed Corporate Value Initiatives Corporate Value Foundation *1 Signed a concurrent business tie-up agreement to build a cooperative structure for product development, manufacturing...

  • Page 10
    ... through ITC: Sensors located throughout the manufacturing ï¬,oor collect and analyze an enormous volume of data. The results lead to new ideas and expertise in productivity and quality not obvious to even the most experienced production engineers. New harmonization between humans and machines: Side...

  • Page 11
    ... the best cases, selected from around the world. Allow me to share one example here today. This example comes out of Healthcare Business in the Philippines. As a nation, the Philippines struggles with high mortality rates associated with high blood pressure. As digital blood pressure monitors are...

  • Page 12
    ... their own blood pressure. This has raised awareness of high blood pressure and health in the Philippines, helping put the nation on a path toward solving this health issue. This is just one example of how practicing the Omron Principles in our business leads to new solutions that improve lives...

  • Page 13
    ... with respect to our Growth Power, Earning Power, and Power to Deal with Change. More specifically, we identify materiality in terms of everything from the Omron Principles, corporate governance, globally integrated risk management, long-term vision, and technology * 1 Convocation Notice for the 79...

  • Page 14
    Message from the CFO Portfolio Management: Evolution and Execution Yoshinori Suzuki Executive Vice President and CFO July 2016 12 OMRON Corporation

  • Page 15
    ... management system that assesses the economic value of the unit according to ( 1 ) ROIC and ( 2 ) sales growth rate. In this way, Omron management can make proper and timely decisions related to new business entry, growth acceleration, restructuring, or divestiture to drive improvements in Omron...

  • Page 16
    ... Medicos (Brazilian nebulizer manufacturer), Delta Tau Data Systems (U.S.-based motion control manufacturer), and Adept Technologies (U.S.-based robot manufacturer). We intend to leverage the synergies each company brings to create new value for our customers and business partners. Incidentally...

  • Page 17
    ...seller of inverter control systems for drilling equipment, power houses, and related equipment Japan-based seller of patient monitors, non-invasive vascular screening devices, and other medical equipment News Release URL Omron Oilfield & Marine, Inc. http://www.omron.com/media/press/2016/06/c0603...

  • Page 18
    ... row, from left: Koji Nitto Director, Senior Managing Executive Officer Senior General Manager, Global Strategy HQ Compensation Advisory Committee Member Yoshinori Suzuki Executive Vice President and CFO Personnel Advisory Committee Member Yoshihito Yamada President and CEO 16 OMRON Corporation

  • Page 19
    ... Section Fumio Tateishi Chairman CEO Selection Advisory Committee Member Akio Sakumiya Executive Vice President Vice Chairman of the Personnel Advisory Committee Vice Chairman of the CEO Selection Advisory Committee Vice Chairman of the Compensation Advisory Committee Integrated Report 2016 17

  • Page 20
    ... by Business Segment Business Segment Industrial Automation Business (IAB) Electronic and Mechanical Components Business (EMC) Automotive Electronic Components Business (AEC) Social Systems, Solutions and Service Business (SSB) Healthcare Business (HCB) Other Businesses Eliminations and Corporate...

  • Page 21
    ...5,888 Ratio of overseas employees to total employees Corporate Value Foundation Japan Fiscal 2015 .7% 30 1 1,572 Employee Ratio by Region* Approx. 69% Greater China 37 , 709 Employees Worldwide Europe Americas .6% 36 13,792 .7% 5 2, 149 * As of March 31, 2016 Note: Regional categories are...

  • Page 22
    ... Factory safety and security Quality Industrial Automation Business Human Capital Anticipate Automotive Electronic Components Business Intellectual Capital Station overcrowding, traffic congestion Social Systems, Solutions and Service Business Financial Capital Lifestyle diseases Healthcare...

  • Page 23
    About Omron offer new value according to our Sensing & Control + Think value model. Where production centers struggle with insufficient labor, we deliver sensors, controllers, products, and technological services for automation that support more efficient, safer, higher-quality manufacturing. ...

  • Page 24
    ... and services network Share of the Control-Related Equipment Market (Japan) Approx. 40 % Source: Nippon Electric Control Equipment Industries Association Electronic and Mechanical Components Business Strengths â- â- Consultative sales approach Global delivery of high-quality products...

  • Page 25
    ... Boards FPC Connectors 73% Image Sensing Surface-Mounted Switches Corporate Value Foundation Relays, Switches, Connectors Other (Passive Entry/Push-Button Engine Start Systems, Keyless Entry Systems, etc.) 51% 24% Switches (Power Window Switches, Power Seat Switches, etc.) Power Window...

  • Page 26
    Social Systems, Solutions and Service Business Strengths â- One-stop solutions (Component, system development, software development, and engineering services) Share of the Station Equipment Market (Japan) Approx. 45 % Source: Internal survey Healthcare Business Strengths â- Recognized â- ...

  • Page 27
    ...Machines) Where We re Headed % % Engineering, Environmental Solutions Road Traffic (Road Traffic Management Systems, etc.) Corporate Value Initiatives Patient % Monitors Body Composition Monitors 50 10 Backlights LCD backlights for smartphones and other devices % Blood Pressure Monitors...

  • Page 28
    ... QR code and IC card tickets Introduced a new network camera sensor to the market; detects human activity and sends the results wirelessly to a smartphone or other connected device Awarded the Health Medical Science 2015 Award for our upper arm blood pressure monitor series 26 OMRON Corporation

  • Page 29
    ... (IAB) Social Systems, Solutions and Service Business (SSB) Electronic and Mechanical Components Business (EMC) Healthcare Business (HCB) Automotive Electronic Components Business (AEC) Other Businesses October 2015 - January 2016 October 2015 Acquired U.S.-based Adept Technologies, Inc...

  • Page 30
    ... 6.5 11 12 13 14 15 Lower profitability due to downturns in external factors. Omron will continue to invest for the future, including making increases to R&D expenses. Achieved ROIC in excess of the Company' s expected cost of capital of 6% under EARTH-1 STAGE. â- Ratio of Overseas Sales to...

  • Page 31
    ...) 40 33.7 30 27 .0 23.2 23.0 20 19 .5 28.3 22.6 28.3 25.1 22.5 38.1 10 Corporate Value Foundation billion 36.9 31.5 28.3 Financial Section 0 FY 09 10 11 12 13 14 15 The Company has continued to invest in infrastructure and productivity improvements for future growth. Integrated Report 2016 29

  • Page 32
    ... subsidiary of Omron) in 1972, Omron has continued to create jobs and expand opportunities for the disabled. Through these activities, Omron is helping to create a society in which the disabled feel the joy and satisfaction of making a positive contribution through work. 30 OMRON Corporation

  • Page 33
    ... productivity) Products and Services Useful to Society (Grow our businesses that have a positive impact on the global environment) Financial Section Greater Efficiency Reduce Our Environmental Impact Greater Volume of Environmental Contribution Greater Contribution Integrated Report 2016...

  • Page 34
    ...stage targets due to an abrupt change in the business environment, implemented cost reductions, and spun off Automotive Electronic Components Business and Social Systems, Solutions and Service Business • Increased earnings per share from ¥110.7 (FY2003) to ¥185.9 (FY2007) 32 OMRON Corporation

  • Page 35
    ... Corporate Value Foundation 7. Environmental contribution = Volume of CO2 emissions reduction contributed by society's use of the Omron Group's energy-generation or saving products and services. The calculation method has been revised since fiscal 2016. Accordingly, the figures for fiscal 2015...

  • Page 36
    ...building value for our future through new technologies stemming from open innovation and cross-organizational initiatives. 1. The CTO and the Role of the Technology & Intellectual Property HQ Particularly after adopting an internal company system in 1999, Omron pursued corporate technology strategy...

  • Page 37
    ... to analyze and learn from a cumulative store of data. Adding Think to Sensing & Control will make a significant contribution to the growth of these business models. For example, we can incorporate the concept of Think into controllers for manufacturing equipment and robots in factories. This takes...

  • Page 38
    ...ed technology is capable of detecting the status of a driver and other time-series information with high precision. Cross-Organizational Initiatives Eliminate human error from the production floor Driver assistance and sensing with high precision Industrial Automation Business Healthcare Business...

  • Page 39
    ... Omron Where We re Headed *¹ IP activities under unified business and technology programs *² Investing in patent applications and IP education for engineers to make IP a tool for business growth. See our website for ROIC 2.0 : http://www.omron.com/about/ir/irlib/pdfs/ar15e/ar15e_17.pdf Building...

  • Page 40
    ... ・Portfolio management (Billions of yen) 900 800 700 600 500 400 300 200 100 0 FY 2011 2012 2013 619.5 650.5 773.0 38.5% Restructure Variable Costs ・Promote component standardization Restructure Fixed Manufacturing Costs ・Improve productivity at overseas production bases 2014 2015 35...

  • Page 41
    ... On-Time Delivery Rate Regulated Chemicals/Environmental Management Payment Terms Advanced Technology Exchange Standard Components High Low High Non-Standard Components Low High Low 15% in fiscal 2015 to 60% by fiscal 2020. We plan to accelerate corporate-wide initiatives to achieve this goal by...

  • Page 42
    ... ❶ Quality Assurance in Working from a corporate-wide perspective, we plan to optimize the logistics networks for products and components developed separately under each business and division. We will also drive greater efficiencies in warehouse management operations as we convert from manual...

  • Page 43
    ... resources are in finite supply. Omron believes in sustainable Eco-manufacturing that uses these resources with respect. Omron Eco-manufacturing technology provides the world with an example of how to conserve materials and energy, while producing high-quality products. Integrated Report 2016 41

  • Page 44
    ...the Global Manufacturing Innovation HQ to reduce assembly time and the number of components required, as well as to introduce new automation technologies in the assembly line. Production Sites China (Dalian) Japan (Matsusaka) Vietnam (Ho Chi Minh) Brazil (Sao Paulo) Look at This! Best Quality in...

  • Page 45
    ... numbers. Financial Section Automated Assembly Advances in technology led to the world' s first automated assembly line for blood pressure monitors. Robots replace human workers to deliver greater productivity and quality in component, module, and finished product assembly. Integrated Report...

  • Page 46
    ... Pacific 80 60 Europe 40 20 0 FY 12 15 Americas 13.4 15.6 31.7 15.5 Greater China 1.7 8.4 29.2 0.5 10.0 32.4 â- Ratio of Net Sales by Region (%) 100 Direct Exports 80 60 40 Asia Pacific Greater China Europe Americas 6.3 20.0 14.2 2.9 25.6 34.0 20 Japan FY 12 31.0 15.1 15 5.2 22.8 19.6 3.3 19.2 22...

  • Page 47
    ... disclosed on April 27 , 2016 . 3 . For more information about net sales by region, please refer to Page 85 - 88 . About Omron Social Systems, Solutions and Service Business (SSB) Healthcare Business (HCB) Other Businesses â- Net Sales/Operating Income/ Operating Income Margin â- Net sales...

  • Page 48
    ... and solutions to the market. In April of this year, we released 49 new robot models to the market. The Industrial Automation Business regularly introduces new sensors and high-performance controllers. These products incorporate communications devices that answer s rising needs for using Big Data...

  • Page 49
    Business Acquisitions During fiscal 2015, Omron acquired Delta Tau Data Systems, Inc. and Adept Technologies, Inc. In so doing, Omron has obtained access to motion controllers for high-speed, high-precision equipment and robotics that will play a major role on production ï¬,oors in the future. We ...

  • Page 50
    ..., mobile devices, and amusement equipment Vision Enhancing the Quality and Lifestyle of People in the World by Providing Components that Satisfy Customer Needs The Electronic and Mechanical Components Business produces relays and switches for use in finished products such as home appliances...

  • Page 51
    ...Segment Automotive Electronic Components Business (AEC) Development, manufacture, and sales of on-board automobile electronic components About Omron Vision Solving the Social Needs of the Car Society Where We re Headed Today, we see significant and growing needs for new technologies spurred by...

  • Page 52
    ... new services and equipment that guide passengers smoothly through stations. We will continue to offer solutions that integrate equipment and support to solve future issues and create a new future in transportation. Toshio Hosoi Managing Executive Officer President and CEO OMRON SOCIAL SOLUTIONS...

  • Page 53
    ... Value Initiatives Isao Ogino Managing Executive Officer President and CEO OMRON HEALTHCARE Co., Ltd. Corporate Value Foundation Toward Sustainable Growth Imagine a World with Zero Heart Attacks, Zero Strokes Death due to heart attack and stroke caused by high blood pressure is on top of...

  • Page 54
    ... Electronic Systems and Equipment Business Micro Devices Business Uninterruptible Power Supply Units MEMS Pressure Sensors â- Fiscal 2015: Higher revenues due to strong demand for uninterruptible power supply units and contract development and production services for electronic devices. 2016...

  • Page 55
    ... Functions Family Security and Safety OKAO® Vision 11 Types of Detection/ Estimation Face Detection Body Detection Hand Detection Corporate Value Foundation Age Estimation Gender Estimation Expression Estimation Marketing, Monitoring in Hospitals and Nursing Care Business Solutions age 25...

  • Page 56
    ... Report *2 Source: WHO 2015 Report *3 Method to measure blood pressure by pressing a pressure sensor on the radial artery. †News release: http://www.healthcare.omron.co.jp/english/news/2016/0418.html Temperature Stress Night (sleep) Early morning (waking up) Meals (salt intake) Exercise/activity...

  • Page 57
    ... easily recyclable and eco-friendly. We will continue to anticipate new social Corporate Value Initiatives needs in the future, creating new products and services for a more secure, safer, more comfortable society. * Paper ticket with a printed QR code (2D code). QR Code is a registered trademark...

  • Page 58
    ...human intervention. The Omron history mirrors this history, as we introduced factory automation, automated ticket gates, and other inventions. The second stage in this relationship is one of connecting humans and machines in a cooperative relationship. An example of this is a 56 OMRON Corporation

  • Page 59
    ...more integral part of society, humans will enjoy machine support in a number of new and different ways that extend the potential of human capabilities. We are already seeing the practical implementation of these technologies. Wearable devices that monitor human biological information and robot suits...

  • Page 60
    ... our support for the Ten Principles of the United Nations Global Compact (UNGC). These are universally accepted principles for human rights, labor, environmental impact, and anti-corruption practices. Currently, Omron is a member of the local UNGC chapters in Japan and China. In September 2015, the...

  • Page 61
    ...selected this year for inclusion in the FTSE4Good Index Series. In Japan, we are covered under the Morningstar Socially Responsible Investment Index. Financial Section FTSE 4 Good is an investment index designed to promote investment in corporations meeting global ESG standards. Integrated Report...

  • Page 62
    ... instructions, we established three main activities related to integrated global risk management. Conduct an annual global risk analysis to identify important risks and establish appropriate responses Establish crisis response measures when a risk is identified Promptly report and share important...

  • Page 63
    ...the Corporate Ethics & Risk Management Committee ・Annual activity review ・Share analysis of risks ・Select important Group risks (draft) Financial Section upcoming year Publish Results of Activities (Business report, securities report, integrated report, website) Integrated Report 2016 61

  • Page 64
    ... question important issues of corporate social responsibility. We assign a rank of A to risks that may impede important Group goals. These ranks are determined annually by the Executive Council after discussion in the Corporate Ethics & Risk Management Committee. We have selected nearly 100 sources...

  • Page 65
    ...the Group company level, as well as for the Omron Group as a whole. We are committed to advancing integrated risk management activities that promote greater globalization and speed, helping strengthen the ability of the Omron Group to respond to change. Financial Section Integrated Report 2016 63

  • Page 66
    ... May 2016, I began participating in the s Council of Male Leaders Promoting Women' Roles in Society, sponsored by the Cabinet Office. Promoting the active role of women in Japan is one of the most important issues facing Japan. At the same time, women are an indispensable part of the Omron push for...

  • Page 67
    ... the Omron Group. At the same time, we hope to foster an awareness and build a culture in which any employee can excel, growing as an individual together with the Omron Group. Where We re Headed Corporate Value Initiatives Corporate Value Foundation Financial Section Integrated Report 2016 65

  • Page 68
    ... the correct components. The new kanban system incorporates bar codes and bar code readers, making part number verification a matter of seconds. This has resulted in much greater efficiency for our disabled workers and the virtual elimination of part picking mistakes. Omron will continue...

  • Page 69
    ... Serialization Solution: System for managing the flow of individual products throughout an entire supply chain Where We re Headed Corporate Value Initiatives Corporate Value Foundation Mandated serial number display on exterior packaging for medicines Financial Section Integrated Report 2016 67

  • Page 70
    ... database. By managing customers through a unified global code system, we can cross-reference manufacturing processes and issues across our entire customer base. This will allow us to strategically approach customers based on region, as well as potential products and services, leading to much...

  • Page 71
    ...Vision VG2020 Existing Businesses Super-Global Growth Management Identify Information Necessary for Decision-Making, Link to Immediate Action Seamless Information Flow (no Formal Reporting Chain Needed) Market/Production Floor Data (Front-Line, Granular) Unified Global Codes Customers New Businesses...

  • Page 72
    ... reviews and improves our corporate governance structures supporting sustainable value creation Basic Stance for Corporate Governance of the Company At the OMRON Group, corporate governance is defined as the system of processes and practices based on the Omron Principles and the Omron Management...

  • Page 73
    ...deliberation about important corporate matters. Omron has separated the management oversight and business execution functions within the company, creating a system whereby the majority of board directors are not engaged directly in business operations. We have also adopted a policy setting the ratio...

  • Page 74
    ... relevant stock exchanges designating these individuals as outside independent directors. Number of Major Meetings Held and Rates of Attendance (Fiscal 2015) Meetings of the Board of Directors Meetings of the Audit & Supervisory Board 13 13 Outside Director attendance at Board of Director Meetings...

  • Page 75
    ... stock acquisition rights. With this compensation structure, the Company aims to motivate directors to achieve short-, medium-, and long-term targets and to generate sustainable corporate value. Total compensation for members of the Audit & Supervisory Board is determined by a vote at the annual...

  • Page 76
    ...that the governance system currently adopted by the Company and the operation of the system were appropriate. The evaluation indicated that an open atmosphere conducive to active discussions pervaded the Board of Directors and the Advisory Committees and that oversight over management in general was...

  • Page 77
    About Omron Message from an Outside Director Evaluating the Effectiveness of the Board of Directors In launching this initiative, we began building a framework based on discussions within the Corporate Governance Committee, which is made up of outside directors. These discussions addressed by whom...

  • Page 78
    ... 2015, Omron held an investor relations event in Chicago that combined a presentation on business strategy with a factory tour. A technology seminar was also held, where attendees were able to inspect factory automation equipment of the Industrial Automation Business. The seminar helped investors...

  • Page 79
    ... JAPAN 2015, we let customers experience the latest in Omron "Omron: technologies through our exhibit, An Evolution in Harmony between Humans and Machines." About Omron Engagement with Suppliers Each year we invite major suppliers to discuss our purchasing policies. Suppliers are an important part...

  • Page 80
    ... and CEO, OMRON Healthcare Co., Ltd. Mar. 2010 Senior General Manager, Corporate Strategy Planning HQ Jun. 2010 Managing Executive Officer Jun. 2011 President and CEO (to present) Joined Boston Consulting Group, Inc. Established Corporate Direction Co., Ltd. Director, Corporate Direction Co., Ltd...

  • Page 81
    ..., OMRON Social Solutions Co., Ltd. Jun. 2011 Managing Executive Officer Jun. 2015 Audit & Supervisory Board Member, Omron (to present) Audit & Supervisory Board Member (Independent) Yoshifumi Matsumoto Apr. 1989 Registered as attorney with the Osaka Bar Association; joined Miyake Law Office (now...

  • Page 82
    ... Senior General Manager, Business Development HQ Satoshi Ando Senior General Manager, Global Investor Relations & Corporate Communications HQ Kiichiro Miyata CTO and Senior General Manager, Technology & Intellectual Property HQ Toshio Hosoi President and CEO, OMRON SOCIAL SOLUTIONS Co., Ltd...

  • Page 83
    ... Automation Company Ken Tanikawa President and CEO, OMRON PRECISION TECHNOLOGY Co., Ltd. Takashi Kitagawa Senior General Manager, Board of Directors Office Makoto Ota President and CEO, OMRON RELAY & DEVICES Corporation Corporate Value Foundation Financial Section Integrated Report 2016 81

  • Page 84
    ... 2015 in Review Outlook for Fiscal 2016 Consolidated...exchange rate trends occurring after July 2016 have not been incorporated into these forecasts. For more information, please refer to the Company' s audited annual financial report: http://www.omron.com/ir/irlib/annual.html 82 OMRON Corporation

  • Page 85
    ... Components Business (AEC) Social Systems, Solutions and Service Business (SSB) Healthcare Business (HCB) Other Businesses Eliminations and Corporate OMRON Corporation and Subsidiaries Years ended March 31 Millions of yen (except per share data) About Omron FY 2010 FY 2011 FY 2012...

  • Page 86
    ... Electronic Components Business, and Healthcare Business recorded ongoing revenue growth. On the other hand, we experienced significant revenue declines in our Other Businesses segment. Looking toward long-term, sustainable growth, our mainstay Industrial Automation Business acquired two companies...

  • Page 87
    ... components, pushing revenues higher in that nation. As a result, overseas net sales amounted to ¥205.5 billion, an increase of 0.2% compared to fiscal 2014. While the segment reported higher revenues as a whole, investments for future growth resulted in increased R&D expenses, driving operating...

  • Page 88
    ...and Europe, with strong demand in the consumer and commercial product industries, drove overseas revenue performance. FY2011 Net sales Japan Overseas Americas Europe Greater China Asia Pacific Direct Exports Operating income Operating income margin R&D expenses Depreciation and amortization Capital...

  • Page 89
    ... tourist demand, the introduction of new blood pressure monitors and other new products, and stronger in-store promotions of massagers and FY2011 Net sales Japan Overseas Americas Europe Greater China Asia Pacific Direct Exports Operating income Operating income margin R&D expenses Depreciation and...

  • Page 90
    ...1.4 (3.6) － Solutions Business. Net sales in our Electronic Systems and Equipment Business outperformed the prior year, driven higher by strong demand for uninterruptible power supply units and development/contract production services for electronic devices. On the other hand, revenues were lower...

  • Page 91
    ... Â¥31.6 billion. The Omron Group paid Â¥16.1 billion in dividends (Â¥3.1 billion increase over fiscal 2014) and Â¥15.0 billion for stock buybacks (nearly level with prior year). Cash Flows â- Net cash from operating activities â- Net cash from investing activities Free cash flow (Billions...

  • Page 92
    ..., leading to a fiscal 2016 operating income forecast lower than fiscal 2015 results. (Note 1 ) Fiscal 2016 forecasts do not include the impact of the May 31 , 2016 sale of Omron Oilfield and Marine, Inc. in North America. Electronic and Mechanical Components Business (EMC) The EMC forecasts...

  • Page 93
    ...on building out our lineup of uninterruptible power supply units within our Electronic Systems and Equipment Business. At the same time, we expect to see growing demand for smartphone microphones and absolute pressure sensors. Corporate Value Foundation Financial Section Integrated Report 2016 91

  • Page 94
    Consolidated Balance Sheets OMRON Corporation and Subsidiaries March 31, 2015 and 2016 (Millions of yen) ASSETS Current Assets: Cash and cash equivalents Notes and accounts receivable - trade Allowance for doubtful receivables Inventories Deferred income taxes Other current assets FY2014 FY2015...

  • Page 95
    ...Omron (Millions of yen) LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Notes and accounts payable - trade Accrued expenses Income taxes payable Other current...(loss) Treasury stock, at cost: 149,398 shares in 2015 144,467 shares in 2014 Where We re Headed Corporate Value Initiatives 64,...

  • Page 96
    ...218.95 Consolidated Statements of Comprehensive Income OMRON Corporation and Subsidiaries Years ended March 31, 2014, 2015 and 2016 (Millions of yen) FY2013 FY2014 FY2015 ...(loss) Unrealized gains (losses) on available-for-sale securities: Unrealized holding gains (losses) arising during the year...

  • Page 97
    ... of Shareholders Equity OMRON Corporation and Subsidiaries Years ended March 31, 2014, 2015 and 2016 (Millions of yen) Number of common shares issued Common stock Capital surplus Legal reserve Retained earnings Accumulated other comprehensive income (loss) Treasury stock Total Noncontrolling...

  • Page 98
    ...Statements of Cash Flows OMRON Corporation and Subsidiaries Years ended March 31, 2014, 2015 and 2016 (Millions of yen) FY2013 FY2014 ¥ 62,432 FY2015 Operating Activities: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization...

  • Page 99
    ... shares Trading Unit 100 shares Number of Shareholders 44,787 Stock Listings Tokyo Stock Exchange, Frankfurt Stock Exchange Securities Code 6645 Fiscal Year-End March 31 Annual Shareholders' Meeting June Custodian of Register of Shareholders Mitsubishi UFJ Trust and Banking Corporation Depositary...

  • Page 100
    ... Perform procedures at Omron headquarters and other offices (site visit, analytical procedures, vouching, document reviews, inquiries, etc.) Reporting Report the results of procedures, including identified issues Check Final Report Follow up on issues identified in Step 3 Quality Assurance...

  • Page 101
    .... Satoshi Ando Managing Executive Officer Senior General Manager, Global Investor Relations & Corporate Communications HQ July 2016 Omron Integrated Report 2015: Awarded for Excellence The Omron Integrated Report 2015 was selected winner of the Award for Excellence in Integrated Reporting from the...

  • Page 102
    .../ir/irlib/presen/ INQUIRIES OMRON Corporation Shinagawa Front Building 7F 2-3-13, Konan, Minato-ku, Tokyo 108-0075, Japan Global Investor Relations & Corporate Communications HQ Investor Relations Department Tel: +81-3-6718-3421 Fax: +81-3-6718-3429 Board of Directors Office Corporate Social...