OMRON Corporation (Headquarters
Named “Shaping the Future 2030 (SF2030)”, the vision is an extension of the organization’s renowned corporate principles-based management philosophy that underscores OMRON’s sincere desire to shape a sustainable society through the creation continued social and corporate value through integration. business growth and sustainability.
In tune with the dynamic nature of the socio-economic environment, over the past 89 years since its inception (since 1933), OMRON has thrived and sustained its growth by living up to its vision of contributing to the creation of a better society by solving social problems through solutions in industrial automation, healthcare and social systems.
Envisage that the coming decade will mark the advent of an “autonomous society”  and unfolding many more diverse and complex social problems, OMRON’s long-term vision, SF2030, lists ways to maximize human capabilities through people-centric automation technologies. This encompasses creating more harmonious and stronger relationships between humans and machines. The company believes that this harmony is the key to bringing out the best in people by helping them solve problems and lead more fulfilling and better lives. This in turn will lead the company to create new corporate and social values to support and strengthen its purpose of existence.
“Although we have been able to strengthen our profitability, our responsiveness to change, the implementation of sustainable management and our enterprise value thanks to strengthened corporate governance and risk management, the socio-economic system remains dynamic and continues to undergo major changes. We aim to create a self-sustaining growth model and evolve our business management to ensure sustainable business growth,” said Yoshihito Yamada, President and CEO of OMRON Corporation.
Acknowledging the impending transition in economic systems – from mass consumption and production to the pursuit of global sustainability as one of the major transformations of self-sustaining society, Yamada further explains, “The transition will be accompanied by disruptions in social systems caused by many factors, such as climate change, aging populations and growing economic disparity among individuals, to name a few.
This scenario will give rise to new and complex social problems that will require new technological and sustainable solutions. And this is where we aim to strengthen our contribution. If we do this, not only will we create more social value, but we will also automatically maximize the value of our business.”
The three social issues that OMRON has identified as relevant opportunities and aims to address through its activities in SF2030 are achieving carbon neutrality, achieving a digital society and extending the healthy life expectancy.
The company aims to achieve net sales of 930.0 billion yen and operating profit of 120.0 billion yen (fiscal 2022-fiscal 2024) – the 1st phase of the three-year medium-term management plan SF2030 – pursuing the following business directions for identified social issues:
– Industrial Automation: The company will catalyze the advancement of well-prepared manufacturing to support a sustainable society. Pursuing its goal of alleviating labor shortages and improving productivity in various industries, OMRON will evolve its innovative approach to automation with the aim of building a production floor that shapes a sustainable future where the harmony with the global environment and worker satisfaction are achieved.
-Healthcare: Building on considerable progress in its current direction of “Zero Events” (the efforts to reduce cardiovascular disease events to zero), OMRON will intensify its efforts in the field of preventive and remote monitoring of health care. while continuing to advocate for the adoption of home use medical devices and data-driven hypertension management ensuring more accessible healthcare and healthier lives for people everywhere.
-Social Solutions: Contributing to the adoption and efficient use of renewable energy, OMRON will help create a sustainable infrastructure to support the digital livelihood of the future empowered society. OMRON will use its advanced energy control technology for energy recovery, conservation and optimization.
-Field of device and module solutions: OMRON will further contribute to the spread of new energy and high-speed communications by enabling the creation of more robust, advanced and efficient devices, making people’s lives easier and better.
Apart from the financial milestones, the company has also enlisted 10+1 non-financial targets as part of its management objective. These non-financial goals have a relevant link with many of the Sustainable Development Goals (SDGs) and the needs of local communities, underscoring the alignment of the company’s commitment to society.
To support these ambitious directions, OMRON also aims to bring about strong transformations in its business management and organizational capabilities. Here is an overview of the main initiatives:
-Moving from a product perspective to a core value perspective: the organization will strive to shift its perspective from simply creating value based on performance and quality to creating core value that will provide users many more proposals than the resolution of immediate operational problems. It will help them to participate in the development of solutions responding to broader social and industrial issues.
-Evolving Business Models: The company aims to expand the scope of its collaborations and networking with like-minded organizations and business associates to deliver better and newer solutions.
-More attention to “diversity and inclusion”: Believing that its human resources are key to the success of SF2030, this includes investing in talent development and the development of an organizational work culture psychologically safe and inclusive encouraging diverse individuals to manifest their talents and abilities to create new things.
-Improve supply chain resilience: to help withstand rapid changes in the business environment, such as natural disasters and geopolitical risks. It also includes efforts to increase operational efficiency, improving design development prowess and decentralizing production sites.
-Strengthen sustainability initiatives: for companies to achieve carbon neutrality, reduce their environmental impact through targeted reduction of greenhouse gas emissions and respect human rights on a global scale. By prioritizing these mandates, OMRON will not only fulfill its corporate social responsibilities, but also strengthen its competitive advantage by adding “environmental and people value”.
– Accelerate “Data-Driven Enterprise Operations via DX”: to support business transformation and empower its employees with a robust, safe and progressive work style based on digitization.
“With SF2030, our goal is to shape a better society and, in doing so, to become a group of companies that people can always rely on. An organization that continues to meet the high expectations of people around the world,” summarizes Mr. Yamada. .
A1]: According to the SINIC theory, conceptualized by the founder of OMRON, Kazuma Tateisi, the optimization society – the final phase of the industrialized society – began in 2005, following the information society, and this will eventually transition to the Autonomous Society by 2025 The Autonomous Society will be characterized by human desires aimed at achieving abundant lives and personal fulfillment based on a harmonious relationship between people and machines. Read more
1). More details on SF2030 and the medium-term management plan: please access here
AMRON Corporation, as a leading automation company, which has its unique “Sensing & Control + Think” core technology, is engaged in a wide range of business, including control equipment, electronic components, social systems and health care. Founded in 1933, OMRON Corporation currently employs approximately 30,000 people and provides products and services to approximately 120 countries and regions around the world. For more details, please see:
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