Omron 1999 Annual Report Download - page 14

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ELECTRONIC FUND TRANSFER SYSTEMS (EFTS) AND PUBLIC
INFORMATION AND TRANSFER SYSTEMS (PITS)
In the public transportation systems market in fiscal 1999, sales slipped due
to the decline in the number of large-scale projects that had contributed to
the division’s sales growth in the previous fiscal year.
Although sales of related equipment for specified customers increased
and sales of a new U-type automatic passenger gate rose favorably, overall
divisional sales decreased.
As a new market for PITS, a boarding pass reader for the airline industry and automatic fare
collection systems for overseas markets were developed by utilizing the know-how gained in
developing OMRON’s public transportation systems. These products contributed slightly to sales.
In the traffic control systems market, sales remained approximately the same as in the previ-
ous fiscal year, despite some deliveries of large traffic control systems to locations in Kyushu
being held over to fiscal 2000. One such system has already been delivered there.
In the financial services market, sales stagnated because of capital investment restraint by
domestic banks and the unwillingness of consumer-loan businesses to open new outlets.
However, export of ATMs to other Asian countries was favorable.
In the retail systems market, although some overseas sales subsidiaries were sold, sales of
maintenance services by domestic subsidiaries increased.
As a result of the preceding factors, total sales by the Social Business Division declined 1.7%
from the previous fiscal year.
Sales of multimedia ATMs, including the Cyber Gate VQ4511, an open system version of our
IX-ATM, and foreign currency exchange machines for the finance market, are expected grow.
Meanwhile, Big Bang deregulation in the banking industry has allowed for automated finance
machines, such as cash dispensers and ATMs, to be installed in such retail outlets as convenience
stores and service stations. Competition to sell and install these machines has become fierce.
In the financial OEM market, demand for lower costs and shorter delivery times has intensified
through market diversification and fierce competition. Among the options we are considering in
order to meet this demand is forming alliances with competitors.
Social Business
24.5%
Traffic control systems
A boarding pass reader
12
As Component
of Net Sales
Cyber Gate VQ4511