Omron Fiscal 2012 Sales Up 5% PDF Print E-mail
Written by Chelsey Drysdale   
Thursday, 25 April 2013 13:24

TOKYOOmron reported consolidated net sales for fiscal 2012, ended Mar. 31, increased 5% year-over-year to $6.5 billion.

Net income attributable to shareholders was $304 million, up 84.3% compared to the previous year. Consolidated operating income increased 13% compared to fiscal 2011 to $456.3 million. Income before taxes was $415 million, up 22.9% year-over-year.

Industrial automation equipment sales, which include the company's PCB AOI equipment, were down 2.9% for the year, in large part due to a 5.9% drop in Japan. The segment's profits fell 11.6% for 2012.

Electronic and Mechanical Components segment sales to outside customers for the fiscal year totaled $846.4 million, up 1.3% compared with the previous fiscal year. Automotive Electronic Components Business segment sales to outside customers for the fiscal year totaled $982.7 million, up 14.8% year-over-year.

Capital investment demand was weak in electronic component-related industries, the firm says. Consequently, sales were sluggish. Sales in Japan decreased due in part to the absence of the temporary rise in sales in the previous fiscal year from the impact of the Great East Japan Earthquake and floods in Thailand, Omron said. Performance in the Americas was firm, supported by robust automotive-related industries. In Europe, demand was weak with the continuing impact of the economic downturn. In China sales were firm, supported by solid demand. Elsewhere in Asia, sales were weak.



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