OMRON : FY2021 Q1 Earnings Financial Results for the First Quarter Ended June 30, 2021
July 29, 2021 at 02:07 am EDT
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FY2021 Q1 Earnings
Financial Results for the First Quarter Ended June 30, 2021
July 29, 2021 OMRON Corporation
Summary
■Q1 FY2021 Results
・Sales and profits up substantially. Strong global sales growth driven by expanding demand, primarily in IAB
・Operating income doubled YoY on synergistic combination of sales growth and strong profit- generating capacity nurtured to date
・New record highs for Q1 GP margin, operating income, OPM and net income. New record highs for sales and gross profit as well if AEC excluded
■FY2021 Forecasts
・Expect favorable operating environment to continue in Q2 and beyond
・If necessary, full-year guidance to be updated at the time of Q2 earnings
・Continue to monitor and respond appropriately to negative factors such as component shortages and rising logistics costs
■Initiatives to Enhance Corporate Value
・Growth cycle, which has been a key focus since I became CFO, starting to gain traction ・Cash generated through improved profitability to be invested in FA, Healthcare
・Continue to focus on improving corporate value by maintaining medium- to long-term management perspective
Copyright: 2021 OMRON Corporation. All Rights Reserved.
Copyright: 2021 OMRON Corporation. All Rights Reserved.
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Q1 FY2021
Results
Copyright: 2021 OMRON Corporation. All Rights Reserved.
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Q1 FY2021 Results
FY2021 Forecasts
Enhancing Corporate Value
Q1 FY2021 Results
Confidential A
Sales, OP up significantly. OP approximately doubled Y/Y to ¥25.8bn. New record highs for GP margin, operating income, OPM and net income
(¥bn)
Q1 FY2020
Q1 FY2021
Y/Y
Actual
Actual
Net Sales
146.5
188.2
+28.5%
Gross Profit
66.4
87.4
+31.6%
(%)
(45.3%)
(46.4%)
(+1.1%pt)
Operating Income
12.5
25.8
+107.3%
(%)
(8.5%)
(13.7%)
(+5.2%pt)
Net Income
9.7
20.2
+108.2%
1USD (JPY)
107.9
109.8
+1.9
1EUR (JPY)
118.3
131.7
+13.4
1RMB (JPY)
15.1
17.0
+1.8
Vs.
Q1 FY2019
+17.6%
+22.1%
(+1.7%pt)
+157.5%
(+7.5%pt)
+136.3%
-0.9 +8.1 +0.7
Copyright: 2021 OMRON Corporation. All Rights Reserved.
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Omron Corporation published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 06:06:10 UTC.
OMRON Corporation specializes in manufacturing and marketing industrial automation systems. Net sales break down by family of products as follows:
- industrial automation systems (56.7%): sensors, switches, programmable controllers, automatic optical inspection devices, temperature control systems, etc.;
- medical equipments (17.4%): thermometers, blood pressure monitors, etc.;
- electronic and mechanical devices and modules (14%);
- social infrastructure solutions and systems (11.5%): energy and environmental solutions, public transport automation solutions (automatic doors, automated ticket vending machines, etc.), road traffic control systems, security, payment and network protection systems, etc.;
- other (0.4%).
Net sales are distributed geographically as follows: Japan (38%), China (25.7%), Europe (15.8%), Americas (10.3%) and other (10.2%).
OMRON CORPORATION 
