Ashimori Industry Co., Ltd. Business Report FY2010
Business Highlights
Financial Overview |
(in millions of JPY) |
FY2010 | FY2009 | Rate of Change (%) | Factors | |
Overall | ||||
Sales | 39,856 | 37,489 | 6.3 |
- |
Operating income | 751 | 556 | 35.1 |
- |
Operating income | 792 | 642 | 23.4 |
- |
Current net income | (2,970) | (2,622) | - |
- |
Automotive Safety Systems Company | ||||
Sales | 30,092 | 27,412 | 9.8 | -Sales of seat belts, air bags, car accessories (cabin interior products and others) increased as a result of sales promotions and the recovery of markets outside Japan. This was in spite of the Company being negatively affected by the Great East Japan Earthquake that caused production stoppages and had a negative impact on business. |
Operating income | 439 | 540 | (18.7) |
- |
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
R&D
R&D Expenditure |
(in millions of JPY) |
FY2010 | FY2009 | FY2008 | |
Overall | 947 | 1,043 | 1,290 |
Automotive Safety Systems Company | 609 | - | - |
-R&D expenses for the auto safety systems business were 609 million yen.
R&D Activities
Seatbelts-The Company has been continuing developing lighter mainstream products such as seat retractors. The Company has been working on developing and commercializing new-type, occupant protection systems and new, high-performance devices as new technologies that satisfy the assessments of countries worldwide.
Airbags
-The Company is continuing its R&D activities on lighter weight and higher performance frontal and lateral airbags as new technologies that comply with laws, regulations, and assessments of countries worldwide. In addition, the Company is creating and commercializing even more modules with auxiliary products.
Interior products
-The Company is developing and commercializing its existing auto shades so that they can respond to market needs and increase their added value. It is developing door shades and developing and commercializing cargo items such as tonneau covers, adding features that make them lighter in weight and more environmentally friendly.
Investment Activities
Capital Expenditure |
(in millions of JPY) |
FY2010 | FY2009 | FY2008 | |
Overall | 1,773 |
1,386 | 2,177 |
Industrial fabric product business | 1,287 |
- | - |
-In order to respond to drastic technological changes and rapid fluctuations in product competition, the Company made a capital investment of 1,773 million, investing mainly in its auto safety systems business.
-The Company invested 1,287 million yen in facilities and equipment of its auto safety systems business (mainly in the Osaka Plant) in order to rationalize, increase and enhance production of mostly automotive interior products and to upgrade its R&D facilities.
Planned Capital Investments
(As of Mar. 31, 2011)
Name of Company/Plant (Location) |
Purpose | Planned investment (in million yen) | Starting Month | Completing Month | Capacity increase on completion |
Osaka Plant (Settsu City, Osaka, Japan) |
To rationalize production facilities for fire extinguishing fabric, paltem, industrial fabric and automotive safety equipment | 3,492 | Apr. 2010 | Mar. 2012 | Practically none as this is to improve quality |
Sasayama Plant (Sasayama, Hyogo Pref.) |
To rationalize production facilities for fire extinguisher fabric, paltem, industrial fabric and automotive safety equipment | 62 | Apr. 2010 | Mar. 2012 | Practically none as this is to improve quality |