Omron 2007 Annual Report Download - page 81

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80
Deloitte Touche Tohmatsu
Nakanoshima Central Tower
2-2-7, Nakanoshima, Kita-ku
Osaka-shi, Osaka 530-0005
Japan
Tel: +81 6 4560 6000
Fax: +81 6 4560 6001
www.deloitte.com/jp
To the Board of Directors and Stockholders of OMRON Corporation
We have audited the accompanying consolidated balance sheets of OMRON Corporation and subsidiaries (the "Company") as of
March 31, 2007 and 2006, 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, 2007, all expressed in Japanese yen. These financial
statements are the responsibility of the Company's 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 stan-
dards 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 opin-
ion, 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, 2007 and 2006, and the results of their operations and their cash flows for each of the three years in the period ended
March 31, 2007, in conformity with accounting principles generally accepted in the United States of America.
As discussed in Note 20 to the financial statements, in April 2007, OMRON Entertainments Co., Ltd., a subsidiary of the
Company, had transferred all of its business to a third party.
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 dollar amounts are presented solely for the convenience of readers outside Japan.
Osaka, Japan
June 8, 2007
INDEPENDENT AUDITORS’ REPORT