Omron - success with a unique philosophy
Founded in 1933 by Dr. Kazuma Tateisi, Omron has grown to be the largest industrial automation company in Japan. It is about 3 times the size of Yokogawa, the other Japanese automation major.
The unusual thing about Omron is this: alone among any multi-billion corporations, it devotes a significant amount of attention to its ethical, social and philosophical position. This unusual ethos can be traced to the founder, Dr. Kazuma Tateisi, now deceased. His innovative yet practical entrepreneurial philosophy continues in the corporate culture of this significant company.
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Omron sustains unique mission with profitable growth in 2004Omron's total revenue in 2004 was $5.5B, with growth of about 10% and profit of about 5%, very healthy for a Japanese company. Omron has been consistently profitable over the years, recovered from a loss in 2002, with essentially break-even in 2003.
Omron's largest business segment (39%) is industrial automation at $2.2B. The company has a very broad range of products - PLCs, I/O, networks, sensors, vision systems, operator interface, temperature and process controls, printed-circuit-board inspection equipment, timers, counters, panel meters, power supplies, servo drives, motors and inverters; the list of products is almost overwhelming. Omron's supports this broad range with strong local engineering capability.
Omron's automation business has grown consistently over several years. About 50% of automation revenue is in Japan, with N. America contributing 8%, Europe 26%, Asia 4% and China 8%.
Other Omron businesses include Electronic Components (15%), Automotive Electronics (10%), Social Systems (traffic and financial services - 23%) and Healthcare (8%) - you'll find Omron blood-pressure monitors and thermometers in many US department stores.
In this new age, in a new century, Omron is indeed a remarkable business leader. The company combines philosophical ideals with strong and effective business management. We wish them continued growth and success!
Omron - The Philosophical Leader -
With 23,000 employees and annual revenue of $4.5 billion (year
ended March 31, 2003) Omron ranks No. 10 on the list of automation
majors, just behind Danaher and ahead of Rockwell Automation.
Founded in 1933 by Dr. Kazuma Tateisi, Omron has grown to be the
largest industrial automation company in Japan. It is about 3
times the size of Yokogawa, the only Japanese instrumentation
company that was included on my list.
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