Nishikawa Rubber Co., Ltd. Business Report FY2009
Business Highlights
Financial Overview |
(in millions of JPY) |
FY2009 | FY2008 |
Rate of |
Factor | |
Overall | ||||
Sales | 46,938 | 50,148 | (6.4) | - |
Operating income | 3,573 | 37 | 9,556.8 | - |
Ordinary income | 4,120 | (129) | - | - |
Net income | 4,069 | (1,744) | - | - |
Automotive parts division | ||||
Sales | 43,446 | 45,944 | (5.4) | -Sales decreased as a result of a decline in automotive production worldwide. |
Operating income | 3,315 | (50) | - | -Operating income increased as a result of the Company's initiatives to reduce costs. |
R&D
R&D Expenditure |
(in millions of JPY) |
FY2009 | FY2008 | FY2007 | |
Automotive parts | 162 | 106 | 104 |
R&D Activities
1) Development of technology to make lighter products-Automakers are demanding lighter weight products in order to improve fuel consumption. To respond to such requests, the Company is working reduce the weight of its seals by using resin and utilizing better foaming technology.
-The Company started mass-production of glass run channels in fiscal year 2009, which ended in March 2010. The Company changed the material used in these runners, from rubber to TPE (Thermal Plastic Elastomer), and used foam in the framework. As a result, the weight was reduced by about 30%.
2) Development of technology to reduce noise
-The Company is applying its technology in the area of foaming to further reduce the noise levels in its existing products. It is also developing improved noise-insulating products.
3) Development of technology to comply with environmental needs
-The Company started researching next-generation materials for seals for possible use in environmentally friendly vehicles such as electric vehicles. It also is working on developing materials that are plant based.
Investment Activities
Capital Expenditure |
(in millions of JPY) |
FY2009 | FY2008 | FY2007 | |
Overall | 2,091 | 5,493 | 8,120 |
Automotive parts business | 2,004 | 5,238 | 7,830 |
Automotive parts business
-The Company invested mainly to prepare facilities for producing new seals and to improve facilities as an investment for streamlining operations to reduce costs.
New Equipment Installations
Plant | Equipment to be introduced | Estimated amount of investment (million JPY) |
Project Period | |
From | To | |||
Nishikawa Rubber | ||||
Shiraki Plant (Hiroshima, Japan) |
-Manufacturing equipment for automotive seals -Components for general industry |
378 | Dec. 2009 |
Mar. 2011 |
Asa Plant (Hiroshima, Japan) |
-Manufacturing equipment for automotive seals -Components for general industry |
708 | Dec. 2009 |
Mar. 2011 |
Yoshida Plant (Hiroshima, Japan) |
-Manufacturing equipment for automotive seals and interior/exterior components -Manufacturing equipment for exterior walls for housing |
440 | Dec. 2009 |
Mar. 2011 |
Mihara Plant (Hiroshima, Japan) |
-Manufacturing equipment for automotive door seals. -Manufacturing equipment for exterior walls for housing |
478 | Dec. 2009 |
Mar. 2011 |
Others | -Buildings and R&D equipment and others | 396 | Sep. 2009 |
Mar. 2011 |
Domestic subsidiaries | ||||
Nishikawa Bussan (Hiroshima, Japan) |
-Manufacturing equipment for automotive seals -Manufacturing dies |
200 | Apr. 2010 |
Mar. 2011 |
Seiwa Kougyo Co., Ltd. (Hiroshima, Japan) |
-Manufacturing equipment for automotive seals -Components for general industry |
64 | Jan. 2010 |
Mar. 2011 |
Nishikawa Big Ocean Co., Ltd. (Hiroshima, Japan) |
-Manufacturing equipment for automotive seals | 78 | Nov. 2009 |
Mar. 2011 |
Nishikawa Rubber Yamaguchi (Yamaguchi, Japan) |
-Manufacturing equipment for automotive seals | 169 | Apr. 2010 |
Mar. 2011 |
Nishikawa Big Well Co., Ltd. (Hiroshima, Japan) |
-Manufacturing equipment for automotive seals | 84 | Apr. 2010 |
Mar. 2011 |
Overseas subsidiaries | ||||
Nishikawa Tachaplalert Rubber Co., Ltd. (Thailand) |
-Manufacturing equipment for automotive seals | 471 | Dec. 2009 |
Dec. 2010 |
Shanghai Nishikawa Sealing System Co., Ltd. (Shanghai, China) |
-Manufacturing equipment for automotive seals | 451 | Dec. 2009 |
Dec. 2010 |
*Investments in overseas subsidiaries were made to respond to more orders.