Price Target Changed • Jun 11
Price target increased by 7.4% to JP¥5,400 Up from JP¥5,027, the current price target is an average from 11 analysts. New target price is approximately in line with last closing price of JP¥5,563. The company is forecast to post earnings per share of JP¥241 for next year compared to JP¥174 last year. Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥6,194, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 18x in the Electronic industry in Japan. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,308 per share. Reported Earnings • May 14
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: JP¥174 (up from JP¥82.64 in FY 2025). Revenue: JP¥767.4b (down 4.3% from FY 2025). Net income: JP¥34.2b (up 110% from FY 2025). Profit margin: 4.5% (up from 2.0% in FY 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 9.7%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Duyuru • May 13
OMRON Corporation, Annual General Meeting, Jun 23, 2026 OMRON Corporation, Annual General Meeting, Jun 23, 2026. Duyuru • Apr 23
OMRON Corporation to Report Fiscal Year 2026 Results on May 13, 2026 OMRON Corporation announced that they will report fiscal year 2026 results on May 13, 2026 Buy Or Sell Opportunity • Mar 30
Now 22% undervalued Over the last 90 days, the stock has risen 9.3% to JP¥4,328. The fair value is estimated to be JP¥5,543, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥52.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is on the higher end at 87%, and the cash payout ratio is above 100%. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). New Risk • Mar 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (345% cash payout ratio). Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥5,524, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Electronic industry in Japan. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,309 per share. Reported Earnings • Feb 06
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: JP¥26.91 (down from JP¥53.33 in 3Q 2025). Revenue: JP¥220.8b (up 7.7% from 3Q 2025). Net income: JP¥5.29b (down 50% from 3Q 2025). Profit margin: 2.4% (down from 5.1% in 3Q 2025). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 53%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Duyuru • Dec 26
OMRON Corporation to Report Q3, 2026 Results on Feb 05, 2026 OMRON Corporation announced that they will report Q3, 2026 results on Feb 05, 2026 Duyuru • Dec 05
FairCap GmbH acquired Omron Automotive Electronics Italy Srl from OMRON Corporation (TSE:6645). FairCap GmbH acquired Omron Automotive Electronics Italy Srl from OMRON Corporation (TSE:6645) on November 28, 2025. As part of this strategic sale, Omron Automotive Electronics Italy Srl has been rebranded as OBITEC S.r.l. ("OBITEC"), effective as of 1 December 2025.
FairCap GmbH completed the acquisition of Omron Automotive Electronics Italy Srl from OMRON Corporation (TSE:6645) on November 28, 2025. Declared Dividend • Dec 03
First half dividend of JP¥52.00 announced Shareholders will receive a dividend of JP¥52.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not covered by cash flows (203% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Dec 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 43% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (203% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Nov 08
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: JP¥11.34 (down from JP¥32.07 in 2Q 2025). Revenue: JP¥204.0b (up 6.8% from 2Q 2025). Net income: JP¥2.23b (down 65% from 2Q 2025). Profit margin: 1.1% (down from 3.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 72%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Duyuru • Sep 30
OMRON Corporation to Report Q2, 2026 Results on Nov 07, 2025 OMRON Corporation announced that they will report Q2, 2026 results on Nov 07, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥52.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 63% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Duyuru • Sep 19
OMRON Corporation (TSE:6645) entered into stock purchase agreement to acquire remaining 70% stake in iCARE Co., Ltd. OMRON Corporation (TSE:6645) entered into stock purchase agreement to acquire remaining 70% stake in iCARE Co., Ltd. on September 18, 2025. Upon completion, OMRON Corporation will own 100% stake in iCARE Co., Ltd.
The expected completion of the transaction is October 1, 2025. Buy Or Sell Opportunity • Aug 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.0% to JP¥3,867. The fair value is estimated to be JP¥3,186, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Reported Earnings • Aug 07
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: JP¥34.62 (up from JP¥48.88 loss in 1Q 2025). Revenue: JP¥189.5b (up 3.1% from 1Q 2025). Net income: JP¥6.82b (up JP¥16.4b from 1Q 2025). Profit margin: 3.6% (up from net loss in 1Q 2025). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 24%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 21
Final dividend of JP¥52.00 announced Dividend of JP¥52.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (126% earnings payout ratio) nor is it covered by cash flows (302% cash payout ratio). The dividend has increased by an average of 5.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 40% to bring the payout ratio under control. EPS is expected to grow by 97% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Jul 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 275% Cash payout ratio: 302% Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Duyuru • Jul 08
Japan Activation Capital, Inc. has entered into a strategic partnership agreement to acquire an unknown minority stake in OMRON Corporation (TSE:6645). Japan Activation Capital, Inc. has entered into a strategic partnership agreement to acquire an unknown minority stake in OMRON Corporation (TSE:6645) on July 7, 2025. JAC holds shares in OMRON through its managed funds. Reported Earnings • Jun 27
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥82.64 (up from JP¥41.17 in FY 2024). Revenue: JP¥801.8b (down 2.1% from FY 2024). Net income: JP¥16.3b (up 101% from FY 2024). Profit margin: 2.0% (up from 1.0% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Duyuru • Jun 26
OMRON Corporation to Report Q1, 2026 Results on Aug 06, 2025 OMRON Corporation announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • May 09
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥82.64 (up from JP¥41.17 in FY 2024). Revenue: JP¥801.8b (down 2.1% from FY 2024). Net income: JP¥16.3b (up 101% from FY 2024). Profit margin: 2.0% (up from 1.0% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Duyuru • May 08
OMRON Corporation, Annual General Meeting, Jun 24, 2025 OMRON Corporation, Annual General Meeting, Jun 24, 2025. Buy Or Sell Opportunity • Apr 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to JP¥3,735. The fair value is estimated to be JP¥4,703, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 55%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 41% per annum over the same time period. Duyuru • Mar 26
OMRON Corporation to Report Fiscal Year 2025 Results on May 08, 2025 OMRON Corporation announced that they will report fiscal year 2025 results on May 08, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥52.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 11
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: JP¥53.33 (up from JP¥8.98 in 3Q 2024). Revenue: JP¥205.1b (down 1.1% from 3Q 2024). Net income: JP¥10.5b (up 494% from 3Q 2024). Profit margin: 5.1% (up from 0.9% in 3Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Duyuru • Feb 10
OMRON Corporation Revises Earnings Guidance for the Full Year Ending March 31, 2025 OMRON Corporation revised earnings guidance for the full year ending March 31, 2025. For the period, the company expects Net sales of JPY 805,000 million, Operating income of JPY 54,000 million, Net income attributable to shareholders of JPY 12,500 million and Net income per share attributable to shareholders, basic of JPY 63.48 compared to previously forecasted Net sales of JPY 805,000 million, Operating income of JPY 52,000 million, Net income attributable to shareholders of JPY 11,000 million and Net income per share attributable to shareholders of JPY 55.87. Duyuru • Jan 03
OMRON Corporation to Report Q3, 2025 Results on Feb 10, 2025 OMRON Corporation announced that they will report Q3, 2025 results on Feb 10, 2025 Declared Dividend • Dec 04
First half dividend of JP¥52.00 announced Dividend of JP¥52.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 23rd June 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Nov 07
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: JP¥32.04 (up from JP¥37.16 loss in 2Q 2024). Revenue: JP¥190.9b (down 3.2% from 2Q 2024). Net income: JP¥6.31b (up JP¥13.6b from 2Q 2024). Profit margin: 3.3% (up from net loss in 2Q 2024). Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Duyuru • Sep 26
OMRON Corporation to Report Q2, 2025 Results on Nov 06, 2024 OMRON Corporation announced that they will report Q2, 2025 results on Nov 06, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥52.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Buy Or Sell Opportunity • Sep 17
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥5,980. The fair value is estimated to be JP¥4,952, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Aug 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to JP¥4,535. The fair value is estimated to be JP¥5,696, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 03
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: JP¥48.88 loss per share (down from JP¥68.07 profit in 1Q 2024). Revenue: JP¥183.7b (down 9.7% from 1Q 2024). Net loss: JP¥9.63b (down 172% from profit in 1Q 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 17
Final dividend of JP¥52.00 announced Shareholders will receive a dividend of JP¥52.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 1.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (253% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.6% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 181% to bring the payout ratio under control. EPS is expected to grow by 160% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Duyuru • Jul 05
OMRON Corporation (TSE:6645) acquired 30% stake in iCARE Co., Ltd. OMRON Corporation (TSE:6645) acquired 30% stake in iCARE Co., Ltd. on July 2, 2024.OMRON Corporation (TSE:6645) completed the acquisition of 30% stake in iCARE Co., Ltd. on July 2, 2024. Duyuru • Jun 27
OMRON Corporation to Report Q1, 2025 Results on Aug 02, 2024 OMRON Corporation announced that they will report Q1, 2025 results on Aug 02, 2024 Reported Earnings • Jun 26
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥41.17 (down from JP¥372 in FY 2023). Revenue: JP¥818.8b (down 6.5% from FY 2023). Net income: JP¥8.11b (down 89% from FY 2023). Profit margin: 1.0% (down from 8.4% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 14% per year. Major Estimate Revision • Jun 08
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥74.63 to JP¥66.67 per share. Revenue forecast steady at JP¥857.5b. Net income forecast to grow 57% next year vs 13% growth forecast for Electronic industry in Japan. Consensus price target of JP¥6,167 unchanged from last update. Share price was steady at JP¥5,165 over the past week. Duyuru • May 10
OMRON Corporation, Annual General Meeting, Jun 20, 2024 OMRON Corporation, Annual General Meeting, Jun 20, 2024. Reported Earnings • May 09
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥41.17 (down from JP¥372 in FY 2023). Revenue: JP¥818.8b (down 6.5% from FY 2023). Net income: JP¥8.11b (down 89% from FY 2023). Profit margin: 1.0% (down from 8.4% in FY 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year. Duyuru • May 09
OMRON Corporation Provides Earnings Guidance for the Fiscal Year Ending March 31, 2025 OMRON Corporation provided earnings guidance for the full year ending March 31, 2025. For the year, company expects Net sales of JPY 825,000 million, Operating income of JPY 49,000 million, Net income attributable to shareholders of JPY 8,500 million and Net income per share attributable to shareholders, basic of JPY 43.17 per share. Major Estimate Revision • May 09
Consensus EPS estimates fall by 47% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥167 to JP¥89.28 per share. Revenue forecast steady at JP¥858.2b. Net income forecast to shrink 11% next year vs 12% growth forecast for Electronic industry in Japan . Consensus price target of JP¥6,300 unchanged from last update. Share price rose 11% to JP¥6,013 over the past week. Duyuru • Mar 28
OMRON Corporation to Report Fiscal Year 2024 Results on May 08, 2024 OMRON Corporation announced that they will report fiscal year 2024 results on May 08, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥52.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is on the higher end at 95%, and the cash payout ratio is above 100%. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Price Target Changed • Mar 08
Price target decreased by 7.8% to JP¥6,433 Down from JP¥6,977, the current price target is an average from 12 analysts. New target price is 13% above last closing price of JP¥5,716. Stock is down 26% over the past year. The company is forecast to post earnings per share of JP¥23.70 for next year compared to JP¥372 last year. Price Target Changed • Feb 28
Price target decreased by 7.3% to JP¥6,515 Down from JP¥7,027, the current price target is an average from 13 analysts. New target price is 16% above last closing price of JP¥5,640. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥24.35 for next year compared to JP¥372 last year. Major Estimate Revision • Feb 21
Consensus EPS estimates fall by 25% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥87.13 to JP¥65.39 per share. Revenue forecast steady at JP¥835.4b. Net income forecast to grow 18% next year vs 10% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥7,123 to JP¥6,977. Share price rose 6.1% to JP¥5,729 over the past week. Duyuru • Feb 07
OMRON Corporation Revised Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 OMRON Corporation revised consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company now expects net sales of JPY 810.0 billion, operating income of JPY 24.0 billion, net income attributable to company shareholders of JPY 1.5 billion and net income per share attributable to company shareholders of JPY 7.62 against net sales of JPY 850.0 billion, operating income of JPY 45.0 billion, net income attributable to company shareholders of JPY 18.0 billion and net income per share attributable to company shareholders of JPY 91.42 as previously forecasted. Reported Earnings • Feb 07
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: JP¥8.98 (down from JP¥114 in 3Q 2023). Revenue: JP¥207.3b (down 11% from 3Q 2023). Net income: JP¥1.77b (down 92% from 3Q 2023). Profit margin: 0.9% (down from 9.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 72%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 06
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.3% to JP¥5,547. The fair value is estimated to be JP¥7,373, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Duyuru • Dec 23
OMRON Corporation to Report Q3, 2024 Results on Feb 05, 2024 OMRON Corporation announced that they will report Q3, 2024 results on Feb 05, 2024 Major Estimate Revision • Nov 18
Consensus EPS estimates fall by 25% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥200 to JP¥151 per share. Revenue forecast steady at JP¥843.8b. Net income forecast to shrink 15% next year vs 8.6% growth forecast for Electronic industry in Japan . Consensus price target down from JP¥7,346 to JP¥7,196. Share price rose 3.1% to JP¥6,115 over the past week. Price Target Changed • Nov 04
Price target decreased by 7.1% to JP¥7,418 Down from JP¥7,983, the current price target is an average from 14 analysts. New target price is 32% above last closing price of JP¥5,616. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥226 for next year compared to JP¥372 last year. New Risk • Nov 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (146% cash payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). Reported Earnings • Oct 29
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: JP¥37.16 loss per share (down from JP¥100 profit in 2Q 2023). Revenue: JP¥197.3b (down 10% from 2Q 2023). Net loss: JP¥7.32b (down 137% from profit in 2Q 2023). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Oct 29
Omron Corporation Provides Earnings Guidance for the Full Year Ending March 31, 2024 OMRON Corporation provided earnings guidance for the full Year Ending March 31, 2024. For the year, company expects Net sales of JPY 850,000 million, Operating income of JPY 45,000 million, Net income attributable to shareholders of JPY 18,000 million and Net income per share attributable to shareholders, basic of JPY 91.42 per share. Duyuru • Oct 27
OMRON Corporation Approves Interim Dividend and Revises the Year-End Dividend Forecast for the Fiscal Year Ending March 31, 2024 OMRON Corporation resolved to approve a dividend of JPY 52.00 from surplus (interim dividend) with a record date of September 30, 2023. The board also resolved to revise the year-end dividend of JPY 52.00 forecast for the fiscal year ending March 31, 2024. Duyuru • Oct 12
OMRON Corporation (TSE:6645) completed the acquisition of 23.09% stake in JMDC Inc. (TSE:4483) for approximately ¥85.5 billion. OMRON Corporation (TSE:6645) made an offer to acquire 18.52% stake in JMDC Inc. (TSE:4483) for approximately ¥68.6 billion on September 8, 2023. The tender offer price is ¥5,700 per share of common stock. OMRON Corporation is the largest shareholder and a major shareholder holding 20,459,000 shares (ownership ratio: 31.49%) of the JMDC Inc's shares, which make the Company an equity-method affiliate of the Offeror. The Tender Offeror aims to make the JMDC Inc. a consolidated subsidiary through the Tender Offer, set the minimum number of shares sought for purchase as 12,036,700 shares.
OMRON Corporation (TSE:6645) completed the acquisition of 23.09% stake in JMDC Inc. (TSE:4483) for approximately ¥85.5 billion on October 10, 2023. On completion, OMRON Corporation acquired 15,000,000 shares and post tender offer number of shares owned after change will stand at 35,459,000 shares representing 54.57% interest in JMDC Inc. held by OMRON Corporation. As a result of the Tender Offer, the JMDC Inc is scheduled to become a consolidated subsidiary of the OMRON Corporation. Duyuru • Sep 28
OMRON Corporation to Report Q2, 2024 Results on Oct 27, 2023 OMRON Corporation announced that they will report Q2, 2024 results on Oct 27, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥49.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 24% but the company is paying out more than the cash it is generating. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.4%). Duyuru • Sep 13
OMRON Corporation (TSE:6645) made an offer to acquire 18.52% stake in JMDC Inc. (TSE:4483) for JPY 68.6 billion. OMRON Corporation (TSE:6645) made an offer to acquire 18.52% stake in JMDC Inc. (TSE:4483) for JPY 68.6 billion on September 8, 2023. Reported Earnings • Jul 28
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: JP¥68.06 (up from JP¥39.98 in 1Q 2023). Revenue: JP¥203.4b (up 10% from 1Q 2023). Net income: JP¥13.4b (up 69% from 1Q 2023). Profit margin: 6.6% (up from 4.3% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Jun 11
OMRON Corporation to Report Q1, 2024 Results on Jul 27, 2023 OMRON Corporation announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Apr 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥372 (up from JP¥306 in FY 2022). Revenue: JP¥876.1b (up 15% from FY 2022). Net income: JP¥73.9b (up 20% from FY 2022). Profit margin: 8.4% (up from 8.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 8.5%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.