2017_4q_omron_e
11/57 - IAB Achievements in China
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00:09:31.7
Here we show net sales broken out by segment. The table shows segment sales in FY2013 versus FY2016, as well as the absolute change in value terms. FY2016 IAB net sales increased ￥39.2 billion from the FY2013 level, prior to the start of Earth-1 Stage. One of the basic strategies for Earth-1 Stage was to prioritize measures to maximize growth for Industrial Automation. We believe the strong results reflect the success of our strategy. The positive performance of HCB also reflects our success under the Super-Global Growth Strategy. HCB sales grew ￥12 billion over the three-year period on the back of expansion in emerging markets. These two segments were significant drivers of growth during Earth-1 Stage. In contrast, we were unable to achieve our initial growth targets in SSB, which includes the PV inverter business, and the Other segment, which includes the PV inverter and backlight businesses. We acknowledge that new business creation continues to be a challenge for Omron.
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