2020_1q_omron_e

17/38 Full-year Forecasts: Continuing Operations

Here are our FY2019 forecasts for continuing operations. The outlook for the operating environment is highly uncertain. Prospects for sales are very challenging. However, we believe our operating income forecast is achievable. Our focus will be on achieving the operating income target. Our forecasts are unchanged. That said, given the dramatic changes in the operating environment, we will review our earnings progress going forward and will provide an update at the end of Q2. As CFO, my focus will be on selectively executing on necessary initiatives for medium-term growth while simultaneously implementing profit structure reforms. From a short-term perspective, we will be stepping up inventory management and expense controls as well as reviewing our hiring plans. From a longer-term perspective, we will continue executing on our initiatives for structural reform for EMC, the optimization of the backlight business and the transfer of AEC, in line with plan. Even in this uncertain environment, we remain committed to fostering a strong profit-generating structure by pursuing both short- and medium-term measures.