Financial Overview
|
(in millions of JPY) |
|
FY ended Mar. 31, 2012 |
FY ended Mar. 31, 2011 |
Rate of Change (%) |
Factors |
Overall |
Sales |
9,401 |
11,597 |
(18.9) |
-Orders won for program business decreased as a result of the earthquake in Japan and the currency crisis. |
Operating income |
484 |
701 |
(31.0) |
- |
Ordinary income |
291 |
494 |
(41.1) |
- |
Current net income |
40 |
49 |
(18.4) |
- |
-During the past consolidated fiscal year, the Company reorganized its organizational structure, which had been based on two operating segments, namely Japan and the US, into only one sector, Japan. This was done after the Company sold all of its shareholdings in USi Inc., which had been a subsidiary during the previous consolidated fiscal year.
Recent Developments Outside japan
<USA>
- The Company announced that it will absorb IK Mold Co. Ltd., its wholly-owned consolidated subsidiary in Japan. The effective date of the merger will be April 1, 2012. Ikuyo, as the continuing company, will absorb IK Mold, which will be dissolved upon completion of the merger procedure. (From a press release on January 27, 2012)
Outlook for FY2012(non consolidated)
|
(in millions of JPY) |
|
FY ended Mar. 31, 2013 (forecast) |
FY ended Mar. 31, 2012 (Actual) |
Sales |
8,519 |
9,245 |
Operating income |
198 |
416 |
Ordinary income |
94 |
236 |
Net income |
80 |
58 |
Capital Expenditure
|
(in millions of JPY) |
|
FY ended Mar. 31, 2012 |
FY ended Mar. 31, 2011 |
FY ended Mar. 31, 2010 |
Overall |
354 |
713 |
635 |
Capital Investment for FY ended Mar. 31, 2012-The Company invested most heavily in the auto parts business.
-The Company spent approximately 230 million yen in dies to manufacture parts for compact SUVs and small trucks.