2020_1q_omron_e
10/38 Sales by Business Segment: Continuing Operations

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【ノート】
This is the breakdown of Q1 FY2019 sales for continued operations by segment. In addition to the deterioration in the operating environment, IAB and EMC reported substantial Y/Y declines as a result of a high base for comparison on the strong performance in Q1 FY2018. IAB’s performance was weaker as a result of global slowdowns in capex demand, primarily in automotive and digital. Sales at EMC also fell on declines in sales in China and lower automotive product sales. We note that while the Y/Y sales declines at IAB and EMC were substantial, we believe these businesses held up relatively well given the tough operating environment. Excluding the impact of changes to foreign exchange rates, IAB and EMC were down 5% and 3% respectively versus internal plan. This is modestly weaker than our conservative initial internal plan.