OMRON Revises Consolidated Performance Forecast for Fiscal 2009 Interim Period
- FOR IMMEDIATE RELEASE
-
October 14, 2009
Company Name: OMRON Corporation Representative: President & CEO
Hisao SakutaStock ticker number: 6645 Stock exchanges: Tokyo, Osaka, Nagoya
(First Sections)Contact: Hideo Higuchi, Senior General Manager
Corporate Strategic Planning HeadquartersPhone: +81-75-344-7175
Tokyo, Japan - Based on recent trends in business performance, OMRON Corporation (TSE: 6645; ADR: OMRNY) has revised its consolidated performance forecast for the fiscal 2009 interim period, which was announced on July 30, 2009. Details are as follows.
- Revision to Fiscal 2009 Interim Forecast
(April 1, 2009 - September 30, 2009)
(Millions of yen) Sales Operating income (loss) Net income (loss) before income taxes Net income (loss) Previous forecast (A)
(Announced on July 30, 2009)230,000 (13,000) (14,500) (8,500) Revised forecast (B) 230,000 (8,000) (10,000) (7,000) Difference (B-A) 0 5,000 4,500 1,500 Difference (%) 0.0% - - - Reference: Fiscal 2008 interim actual 354,670 18,603 19,291 12,421 Note: Net income (loss) is identical to net income (loss) attributable to shareholders.
- Reasons for the Revision
As part of the emergency measures announced earlier this year, the OMRON Group has made a concerted effort to restrain expenditures and reduce fixed costs. In particular, careful scrutiny and allocation of overhead expenses has led to an improved outlook for fiscal 2009 interim performance.
- Fiscal 2009 Full-year Forecast
There are currently no revisions to the forecast for the full year.
Note: The above forecast is based on information available to the Company at the time of this announcement. Actual results may differ materially from the forecast due to various factors.