2019_4q_omron_e

20/39 ■Assets Acquired in First Half of VG2.0

I will now talk about the assets that will drive our growth going forward. These are assets we acquired in the first 2 years of the 4-year Medium-term Management Plan VG2.0, which started in FY2017. I will also discuss the benefits we are already reaping from these acquisitions. OMRON had positioned the first 2 years of VG2.0 as an investment phase. We prioritized the allocation of management resources to improve the competitiveness of our FA and Healthcare businesses. We have made solid improvements to IAB and HCB, and are already reaping the benefits of the investments we have made. Going forward, we will leverage these assets further to achieve self-driven growth. I would like to talk specifics, from the next slide. I will start with IAB.