2017_4q_omron_e
3/57 ■FY2016 Results & EARTH-1 STAGE Review (FY2014 - FY2016)
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Please turn to slide 3. Here are the full-year results for FY2016. Please look at the second column from the left. Net sales were ￥794.2 billion and OP was ￥67.6 billion, for an OPM of 8.5%. Net income attributable to shareholders was ￥46 billion. Despite YoY yen appreciation of more than 10 yen versus both USD and EUR, we were still able to grow earnings YoY as a result of initiatives to enhance profitability. For reference, FY2015 OP was ￥62.3 billion. In the far right column, we show the YoY change on a local currency basis. Although we undertook restructuring and sold several businesses, we were still able to post solid YoY growth on a local currency basis, particularly at the profit levels. Net sales were up 3% and OP up a substantial 31%. We believe this reflects the continued improvement in our ability to generate profits. Additionally, we were able to achieve all of the upwardly revised targets announced at the end of Q3. Next slide please.
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