Omron 2005 Annual Report Download - page 76

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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
74
To the Board of Directors and Shareholders of OMRON Corporation
We have audited the accompanying consolidated balance sheets of OMRON Corporation and subsidiaries (the “Companies”) as of
March 31, 2005 and 2004, and the related consolidated statements of income, comprehensive income (loss), shareholders’ equity, and
cash flows for each of the three years in the period ended March 31, 2005, all expressed in Japanese yen. These financial statements are
the responsibility of the Companies’ management. Our responsibility is to express an opinion 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 consideration of internal control over financial reporting as a basis for designing audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal
control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, 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 con-
cerning operating segments and other information is required for a complete presentation of the Company’s consolidated financial state-
ments.
In our opinion, except for the omission of segment information as discussed in the preceding paragraph, the consolidated financial state-
ments referred to above present fairly, in all material respects, the financial position of OMRON Corporation and subsidiaries as of March
31, 2005 and 2004, and the results of their operations and their cash flows for each of the three years in the period ended March 31,
2005 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 statements. Such United States dol-
lar amounts are presented solely for the convenience of readers outside Japan.
June 10, 2005
Independent Auditors’ Report