2017_4q_omron_e
12/57 - Investment in Future Growth
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00:10:38.4
I would like to showcase an example of our achievements. IAB operates in the extremely crowded China market, competing against many global players. Despite this, Omron has been very successful. We have grown our IAB sales in China by approximately 40% over the three-year period between FY2014 to FY2016. From FY2014, we chose to re-focus our efforts on four industries in China: Automotive, Digital, Food & Beverages, and Infrastructure. We were able to reap the benefits of this strategy in FY2016, earlier than we had expected. Only a year after initiating this strategy, aggregate sales for the four focus industries grew 38% YoY in FY2016. For the rapidly growing Digital industry, we reported YoY sales growth of 43% in FY2016. For each of the four individual industries, we have had good success, generating sales growth of more than 20% in each industry segment. This success is the result of concentrating on growth industries and maintaining a disciplined focus on proposing solutions to the challenges faced by our customers. Our success, even in a highly competitive market like China, shows that we are on the right track with our initiatives. Going forward, we will leverage what we have learned in China to apply to our businesses globally. Next slide please.
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