Omron changing the name of Electrical & Mechanical Components Business

April 4, 2022

Based on its vision, to realize transformation into a business that continues to create social value, Omron Corp. is changing the company name of electronic and mechanical components business from Electronic & Mechanical Components Business Company to Device & Module Solutions Company, as of April 1, 2022. Toward achievement of the long-term vision SF2030, Omron's electronic components business will work to create social value that contributes to the spread of alternative energy solutions and high-speed communication. To achieve this target, it will aim to strengthen its ability to create solutions based on devices and modules and work with customers to solve social issues.

Since the founding of Omron in 1933, the Electronic & Mechanical Components Business has contributed to the development of people's lives and society by providing products such as relays, switches, connectors, and sensors on a global basis, which are core components for connecting and disconnecting electricity. In the previous medium-term management plan, "VG2.0 (2017-2020)," it worked on structural reforms and quality enhancement to build the foundation for a self-sustaining growth engine. Amidst the rapid advances in technological innovation leading to more advanced smart and electrified products and the need for environmental responses, it has provided value through module development by capturing customer needs.

In SF2030, based on the growth engine built in VG2.0, it plans to transform its business into one that creates the functions needed to solve social issues such as achieving carbon neutrality and realizing a digital society through devices, modules and solutions. With this intention in mind, it has decided to change the name of business company. In the first stage of the medium-term management plan, it will focus on creating devices that support the electrification and higher frequency of products. Furthermore, it will evolve its ability to create new value by promoting green business through environmentally friendly manufacturing and product offerings, and by accelerating the speed of its digital solution proposals.

Shizuto Yukumoto, managing executive officer, company president of Device & Module Solutions Company, released the following statement: “Social issues that need to be solved such as global warming, aging society and social inequality are becoming more complex. Electronic components, which are key devices essential for a carbon-neutral and digital society, are playing an even greater role than ever before. We will transform our business into a business that provides optimal solutions by shaping the functions necessary to create social value with the technology we have cultivated so far, thereby working with our customers to solve social issues."

Omron aims to continue to create new social value by evolving the technology that connects and disconnects electricity safely and surely, by improving the functions, quality, and fine processing technology of products such as relays and switches, and by providing solutions based on devices and modules.

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