2018_4q_omron_e

9/45 Sales by Business Segment

We show the sales breakdown by segment on this slide. There are 2 key takeaways from this slide. The first is that IAB, which is our top priority business under VG2.0, was able to achieve substantial growth of close to 20%, strongly contributing to overall growth. The second is that HCB, also a priority business, was able to deliver strong sales growth, primarily driven by rising sales in emerging markets. If we exclude the impact of the sale of the former Omron Colin in December 2017, then net sales growth was in excess of 10% Y/Y. We note that the Other segment reported sales down 20%, but this is a reflection of the ongoing restructuring efforts at the backlight and Micro Devices businesses.