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Omron Electronics, LLC News
| OMRON Announces Revised Dividend Forecast for the Fiscal Year Ending March 31, 2005 |
Tokyo, Japan, Apr. 07, 2005 - (JCN Newswire) - OMRON Corporation (TSE: 6645; ADR: OMRNY) is pleased to announce that a resolution to revise fiscal year-end dividends per share was taken at a Board of Directors meeting held today. OMRON launched its 10 year management concept outline "Grand Design 2010(GD2010)" in fiscal year (FY) 2001. The management objective for the first stage was to achieve a 10% ROE in FY2004, which was successfully achieved one year early, in FY2003. Following this result, we repositioned the second stage of the GD2010 from FY2004 to FY2007. With a management objective in this second stage to "Double the total business value", OMRON has concentrated on improving profit and accelerating growth in thi past year. As a result, OMRON expects to achieve a new profit record for FY2004. Based on OMRON's "Basic Policy on Distribution of Profits" announced last May, in which internal reserves are the top priority for growth investments to raise corporate value, and a payout ratio of approx. 20% of consolidated net income is targeted, OMRON has decided to increase the FY2004 year-end dividend per share to 14.00 yen. As a result, adding the 10.00 yen midterm dividend, the dividend for the full year will be 24.00 yen. This decision was made at the Board of Directors meeting held today. This proposal will be submitted at the 68th General Meeting of Shareholders in June of this year. OMRON will continue to concentrate on further growth acceleration and secureing a high level of profit in order to achieve the GD2010 second stage management goal, and to maintain high return to stockholders. About OMRON Headquartered in Kyoto, Japan, OMRON Corporation is a global leader in the field of automation. Established in 1933 and headed by President and CEO Hisao Sakuta, OMRON has more than 26,000 employees in over 35 countries working to provide products and services to customers in a variety of fields including industrial automation, electronic components, social systems (ticket gate machines, ticket vending machines, and traffic control), and healthcare. The company is divided into five regions and head offices are in Japan (Kyoto), Asia Pacific (Singapore), China (Shanghai), Europe (Amsterdam) and US (Chicago). For more information, visit OMRON's website at www.omron.com. For additional Omron information, Contact Omron or visit their web site at www.omron.com. |