Omron 2016 Annual Report Download - page 88

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(Billions of yen)
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 (Forecast)
Net sales 85.0 97.6 126.6 137.9140.0 130.0
Japan 28.9 30.2 28.4 25.921.1 17.5
Overseas 56.1 67.4 98.2 112.0118.9 112.5
 Americas 21.5 25.0 33.3 39.347.6 44.5
 Europe 2.4 2.8 3.3 3.64.6 4.0
 Greater China 9.5 13.9 25.4 29.927.4 27.0
 Asia Pacific 16.2 19.5 29.2 32.231.9 30.5
 Direct Exports 6.5 6.2 7.2 7.17.3 6.5
Operating income 2.7 5.0 9.1 9.27.3 6.5
Operating income margin 3.2%5.1%7.2%6.7%5.2%5.0%
R&D expenses 6.6 7.0 8.2 8.59.3
Depreciation and amortization 2.1 2.4 3.4 4.75.3
Capital expenditures 5.2 5.5 6.7 6.56.9
(Billions of yen)
FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 (Forecast)
Net sales 83.084.197.7103.9103.7100.0
Japan 25.326.728.123.923.223.5
Overseas 57.757.469.680.080.476.5
 Americas 13.213.116.618.119.9 18.0
 Europe 12.911.314.715.916.1 15.5
 Greater China 22.724.628.735.033.6 32.0
 Asia Pacific 7.6 7.1 8.710.110.4 11.0
 Direct Exports 1.3 1.4 0.9 0.90.5 0.0
Operating income 5.1 4.4 8.710.28.5 10.0
Operating income margin 6.2%5.2%8.9%9.8%8.2%10.0%
R&D expenses 5.5 5.2 6.0 5.44.9
Depreciation and amortization 7.2 7.4 7.8 8.08.3
Capital expenditures 9.9 8.910.9 9.58.9
Domestic net sales for the segment were down
2.8% to ¥23.2 billion. Despite strong demand in the
Japanese consumer and commercial product
markets, the April 2015 tax hike on mini vehicles
(kei cars) had a negative impact on the automobile
industry. Overseas net sales rose 0.5% to ¥80.4
billion. The Americas, with strong demand in the
automobile industries, and Europe, with strong
demand in the consumer and commercial product
industries, drove overseas revenue performance.
Domestically, net sales were down 18.5% to
¥21.1 billion. This was mainly the result of the tax
hike on mini vehicles resulting in significantly lower
auto production. Overseas sales amounted to
¥118.9 billion, which was a 6.1% increase year on
year. While inventory adjustments among our
The increasing economic slowdown in China led to
weak demand in the automobile and consumer
and commercial products industries, resulting in
lower revenues in that region. However, the added
factors of a strong U.S. dollar and the positive
impact of exchange rates for the Chinese yuan
contributed to overall revenue growth overseas.
While segment net sales were level with the prior
year as a whole, investments in productivity
improvements drove operating income down
16.5% to ¥8.5 billion.
Chinese customers resulted in lower demand,
favorable business conditions in North America
drove continued growth in demand, raising
overseas segment net sales. Overall segment
operating income was down 20.5% on the year
to ¥7.3 billion. Despite growth in overseas
revenues, lower domestic sales and higher R&D
expenses combined for this result.
Electronic and Mechanical Components
Business (EMC)
Automotive Electronic Components
Business (AEC)
86 OMRON Corporation