2019_3q_omron_e

11/34 Q4 Business Environment by Segment (Change vs. Q2 Outlook)

I will start with our view of the operating environment. This slide shows how our outlook for operating conditions in the Q4 March quarter have changed from October, when we announced our 1H results. As you can see, we expect a continuation of the challenging operating environment seen in December for our global B-to-B businesses of IAB and EMC. We also expect conditions for AEC to deteriorate further. However, conditions remain firm for the B-to-C business of HCB, and the domestically-focused B-to-B businesses of SSB and the Environmental Solutions Business included in the Other segment. We do not anticipate any major changes from our previous outlook. I will discuss IAB in more detail on the following slide.