Omron 2010 Annual Report Download - page 17

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To Our Stakeholders
earnings recovery and our cash reserve status. We
also paid a ¥7 interim dividend (¥18 interim dividend
in fiscal 2008), bringing annual cash dividends to ¥17
per share. Although this is ¥8 less than the previous
year, we increased the year-end dividend in light of
our performance recovery in the second half of the
period. The dividend payout ratio was 106.4%, and
the dividend on equity (DOE) ratio was 1.2%.
Seeking to maintain steady returns to shareholders,
we will deepen our emerging reform-driven mindset
sparked by the economic crisis and expedite our shift
to a rock-solid earnings structure. Our most important
task is to translate these initiatives into future leaps for-
ward, and we will take swift measures to this end.
Long-Term Management Vision
Fiscal 2010 is the final year of our long-term manage-
ment vision, entitled “Grand Design 2010.” We have
positioned fiscal 2010 as the completion year for the
“Revival Stage” of the vision. We will then set new
long-term targets for the subsequent 10-year period
starting in fiscal 2011. To help achieve those targets,
we will follow a new long-term management vision
(currently being formulated), the details of which will
be announced later.
During the Revival Stage of our current long-term
management vision, we have built a robust earnings
base. From that base, we will target long-term growth
through sensing and control technology, a key strength
of the Omron Group. We look forward to your ongo-
ing support and cooperation.
August 2010
Hisao Sakuta, President and CEO
China and other emerging nations, as well as moder-
ate recovery in capital investments, especially in the
semiconductor, electronic component, and automo-
bile sectors, which relate closely to the Omron Group.
These factors should also underpin the ongoing turn-
around in demand for factory automation control
systems. With respect to electronic components and
automotive electronic equipment, as well, we look for-
ward to a recovery trend.
For fiscal 2010, we forecast a 17.2% year-on-year
increase in consolidated net sales, to ¥615.0 billion; a
251.8% jump in operating income, to ¥46.0 billion; and
a 738.5% surge in net income attributable to share-
holders, to ¥29.5 billion.
Cash Dividends
For the period under review, we declared a year-end
dividend of ¥10 per share, up from ¥7 at the previous
fiscal year-end, reflecting our better-than-expected
17
Consolidated Income (Loss) Forecast
Net sales
Gross profit
SG&A expenses
R&D expenses
Operating income
Other expenses, net
Income (loss) before
income taxes
Net income (loss) attributable
to shareholders
USD (yen)
EUR (yen)
615.0
233.5
144.5
43.0
46.0
1.5
44.5
29.5
87.0
112.1
FY2010
(Forecast)
524.7
184.3
133.4
37.8
13.1
2.9
10.2
3.5
92.9
130.3
FY2009
627.2
218.5
164.3
48.9
5.3
44.5
(39.1)
(29.2)
100.7
144.5
FY2008
(Billions of yen)
* FY2010 forecast represents the figures as of July 28, 2010, which were
upwardly revised from the initial forecast.