OMRON CORPORATION Reports 84.4% Increase in Total Revenue for Q3 of Fiscal Year 2023.
March 19, 2023
Earnings Overview
For the third quarter of fiscal year 2023, OMRON CORPORATION ($TSE:6645) reported a total revenue of JPY 22.6 billion, representing an increase of 84.4% compared to the same period in the previous year. Net income as of December 31 2022 was JPY 233.6 billion, a 23.4% increase year over year.
Share Price
This marks a significant increase in their total revenue since the same quarter of last year. The news brought a positive response from the market and OMRON CORPORATION stock opened at JP¥7559.0 and closed at JP¥7512.0 – up 0.1% from last closing price of 7504.0. The outstanding performance of OMRON CORPORATION during this quarter was due to a combination of increased sales and improved cost control measures. These measures have enabled the company to successfully navigate the challenging economic environment and have proven to be beneficial for the company’s financial position.
Additionally, it is worth noting that the company has had a strong focus on developing innovative products and services which has contributed to their growth in recent years. Overall, this news is highly encouraging for OMRON CORPORATION as it demonstrates that the company’s strategies are paying off and they are continuing to achieve success despite the current economic climate. Investors will continue to watch OMRON CORPORATION’s progress as they strive to maintain their current level of success and remain ahead of the competition. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Omron Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 842.29k | 67.1k | 8.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Omron Corporation. More…
| Operations | Investing | Financing |
| 40.36k | -164.81k | -36.81k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Omron Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 944.46k | 232.88k | 3.6k |
Key Ratios Snapshot
Some of the financial key ratios for Omron Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.0% | 9.1% | 11.1% |
| FCF Margin | ROE | ROA |
| -0.2% | 8.2% | 6.2% |
Analysis
GoodWhale has analyzed the financials of OMRON CORPORATION and we have determined that it is a low risk investment according to our Risk Rating system. This system evaluates the financial and business aspects of a company to help ensure that your investment is safe. We have detected 1 risk warning in the income sheet, which our registered users can find out more about if they log in. More…
Peers
They are a major player in the industry, competing with other notable companies such as OPT Machine Vision Tech Co Ltd, Hamamatsu Photonics KK, and OSI Systems Inc. All four of these industry leaders have been working to develop innovative solutions to enable the automation of industrial processes.
– OPT Machine Vision Tech Co Ltd ($SHSE:688686)
OPT Machine Vision Tech Co Ltd is a technology company that specializes in machine vision solutions. The company has a market cap of 19.43 billion dollars as of 2023. Its Return on Equity (ROE) of 9.38% is also impressive. This indicates that the company is generating strong returns for its shareholders and is performing well in the market. By providing innovative machine vision solutions, OPT Machine Vision Tech Co Ltd has been able to consistently outperform its peers in the industry.
– Hamamatsu Photonics KK ($TSE:6965)
Hamamatsu Photonics KK is a Japan-based manufacturer of optoelectronic components and systems. Its products include photomultipliers, light sources, detectors, and imaging devices. The company has a market cap of 1.04T as of 2023, demonstrating its strong financial position in the market. Furthermore, Hamamatsu Photonics KK has a Return on Equity of 13.93%, which is well above average for a company of its size. This indicates that the company is utilizing its resources effectively and efficiently to generate returns for shareholders.
– OSI Systems Inc ($NASDAQ:OSIS)
OSI Systems Inc is a diversified group of global businesses that specializes in the design, production and support of security, health, and inspection systems. The company’s market cap of 1.59 billion as of 2023 is an indication of its strong financial position and overall growth potential. Moreover, its Return on Equity (ROE) of 13.67% is a measure of the company’s efficiency in using equity to generate profits. The company’s products are used in a variety of industries and applications, such as homeland security, medical, aerospace, and industrial. OSI Systems Inc is well-positioned in the industry and looks set to continue to grow in the upcoming years.
Summary
OMRON CORPORATION has seen impressive growth in the third quarter of fiscal year 2023, with total revenue increasing by 84.4% compared to the same period in the previous year. Net income for the same quarter also saw an increase of 23.4%. This shows that investing in OMRON CORPORATION may be a wise choice for investors looking for potential returns.
The company’s strong financial performance is due to its strategic diversification and its focus on increasing efficiency. OMRON CORPORATION is well-positioned to remain a successful organization in the future and its stock is worth consideration.
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