August 8, 2018
Place the Control Equipment Business the Most Important Field
Omron, which handles control and medical equipment for factory automation, announced its business strategies for fiscal 2018.
In the course of its long-term management vision, which aims to achieve sales of 1 trillion yen in fiscal 2020, it aims to achieve sales of 900billion yen in fiscal 2018, which is a record high.
“The control equipment business is the most important driving force for sales,” Yoshihito Yamada, the president of Omron said.
Omron intends to actively invest in expanding its production bases and R&D bases.
Expect to reach record highs
On June 8, 2018, Omron held a briefing on its business strategies for FY2018 at hotels in Osaka City.
President Yoshihito Yamada and Vice President Yutaka Miyanaga, the president of Industrial Automation Business Company, attended the meeting.
President Yamada announced a plan for FY 2018 to achieve sales of 900billion yen, a record-high level of sales.
The company emphasized the gross profit margin, which is an indication of its ability to earn profits, and set a high figure of 42.5%.
The company is committed to VG2020, a long-term management vision for the 10-year period from 2011 to 2020.
The plan targets sales of 1 trillion yen in FY2020.
Sales in fiscal 2011 were 619.5 billion yen, compared with 860.0 billion yen in fiscal 2017, which was approximately 1.4 times higher than sales of 619.5 billion yen in fiscal 2011. It was the highest results in the past.
In FY2017, the company launched the medium-term management plan “VG2.0” for FY17-20, which is the last plan in the VG2020 period. Sales in FY2017 exceeded the target of 810billion yen by 50billion yen, resulting in strong sales.
The control equipment and healthcare businesses led the company’s performance. Sales grew 20% y-o-y and operating profit grew 42% y-o-y, particularly in the control equipment business.
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