Omron 2004 Annual Report Download - page 68

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Deloitte Touche Tohmatsu
Osaka Kokusai Building
2-3-13, Azuchi–machi
Chuo–ku, Osaka 541-0052
Japan
Tel: +81 (6) 6261 1381
Fax: +81 (6) 6261 1238
www.deloitte.com/jp
66
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, 2004 and 2003, 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, 2004, all expressed in Japanese yen.
These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opin-
ion 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 disclosures 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 preceding paragraph, the consolidated
financial statements referred to above present fairly, in all material respects, the financial position of OMRON Corporation
and subsidiaries as of March 31, 2004 and 2003, and the results of their operations and their cash flows for each of the
three years in the period ended March 31, 2004 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
opinion, such translation has been made in conformity with the basis stated in Note 2 to the consolidated financial state-
ments. Such United States dollar amounts are presented solely for the convenience of readers outside Japan.
June 4, 2004