Artisan International Small-Mid Fund on Omron Corp
Thesis
Omron is a global leader in factory automation controllers, sensors and systems, with additional exposure to health care data through its controlling stake in JMDC. Industrial automation revenue and operating income grew sharply year over year, and management raised guidance following a significant earnings beat. The fund believes Omron is at an inflection point as automated factories expand and the company gains relevance from increasing applications of AI in health care.
“Industrial automation revenue and operating income grew 37% and 100% year over year, respectively.”