Omron Corporation : Omron Announces Revision of Fiscal 2011 Consolidated Performance Forecast, Reversal of Deferred Income Tax Assets, and Revision of Dividend Forecast

• FOR IMMEDIATE RELEASE
• January 27, 2012

Company name:	OMRON Corporation
Representative:	President & CEO Yoshihito Yamada
Stock ticker number:	6645
Stock exchanges:	Tokyo and Osaka (First Sections)
Contact:	Yutaka Miyanaga, Senior General Manager Global Strategy HQ
Phone:	[phone]

Kyoto, Japan - OMRON Corporation (TOKYO: 6645; ADR: OMRNY) has announced that its consolidated performance forecast for fiscal 2011 (April 1, 2011 to March 31, 2012) and its year-end dividend forecast, both of which were announced on October 27th, 2011, were revised at a board of directors meeting held today. Details are as follows:

1. Revision to Fiscal 2011 Forecast (April 1, 2011 to March 31, 2012)
2. (Millions of yen, except per share data)

	Sales	Operating income (loss)	Net income (loss) before income taxes	Net income attributable to shareholders	Net income per share attributable to shareholders
Previous forecast (A)	620,000	46,000	43,000	27,000	JPY 122.68
Revised forecast (B)	615,000	37,000	30,000	14,000	JPY 63.61
Difference (B) - (A)	(5,000)	(9,000)	(13,000)	(13,000)
Difference (%)	(0.8%)	(19.6%)	(30.2%)	(48.1%)

1. Reasons for Revision of Full-Year Performance Forecast for Fiscal 2011
   Omron Group's sales and income are expected to be lower than previously forecast due to the reasons stated below. The full-year performance forecast announced on October 27, 2011 has therefore been revised.

   1. In markets related to Omron Group, economic slowdown due to monetary tightening in China and the sovereign debt crisis in Europe, as well as the yen's continuing appreciation trend are expected to have an impact on Omron Group's results. As a result net sales for the fourth quarter are expected to be lower than forecast, and production output will be adjusted accordingly.
   2. In connection with the enactment of legislation concerning reduction of the corporate income tax rate, a reversal of deferred income tax assets of approximately 5.35 billion yen was recorded.

The assumed exchange rates for the fourth quarter are US$1 = JPY 76 and 1 Euro = JPY 98.
Performance forecasts and other forward-looking statements are based on information available to the Company at the present time, and on certain assumptions judged by the Company to be reasonable. Due to a variety of factors, actual results may differ materially from forecasts.

1. Revision to Dividend Forecast

	Annual dividend
	Q1	Q2	Q3	Year-end	Total
Previous forecast (Announced on October 27, 2011)	-	JPY 14	-	-	-
Revised forecast	-	JPY 14	-	JPY 14	JPY 28
FY2011 actual	-	JPY 14	-
Fiscal 2010 (ended March 31, 2011) actual	-	JPY 14	-	JPY 16	JPY 30

1. Reason for Revision of Dividend Forecast
   Omron's policy on shareholder return is based primarily on securing internal capital resources for investments to promote growth and in turn increase corporate value, and returning any surplus to shareholders to the maximum extent possible, also taking the level of free cash flow into consideration.

The year-end dividend forecast for FY2011 has remained undetermined until now. In order to facilitate stable and uninterrupted shareholder return, the Company has resolved to pay a year-end dividend of 14 yen per share, the same as the interim dividend of 14 yen per share paid at the end of the second Quarter on December 1, 2011, which together brings the total full-year dividend payout to 28 yen per share.