• Omron average return on tangible equity for 2023 was 8.45, a 0.36% decline from 2022.
• Omron average return on tangible equity for 2022 was 8.42, a 20.19% increase from 2021.
• Omron average return on tangible equity for 2021 was 10.55, a 21.21% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.