Ahresty corporation Business report FY2008
|Financial Overview||(in millions of JPY )|
|FY2008||FY2007||Rate of Change(%)||Factors|
|Die Casting Division|
|Sales||96,278||116,625||(17.4)||-Sales decreased as a result of a rapid decrease in orders from automakers, the Company's main customers, due to their production adjustment.|
|Operating income||(2,825)||5,019||-||-Operating income decreased as a result of reduced operation caused by a rapid decrease in orders received.|
|Sales||5,484||7,700||(28.8)||-Sales decreased as a result of rapid decrease in demand and the plunging bullion market in the third quarter onward.|
|Operating income||(88)||395||-||-Operating income decreased as a result of production decrease.|
Recent Developments in Japan
Reorganization of Production Structure
-In Feb. 2009, the Company announced plans to liquidate its wholly-owned subsidiary ATC Tsukuba. The increasingly severe business environment surrounding automobile-related industries forced the Company to discontinue the operations of the subsidiary. ATC Tsukuba, located in Bando City, Ibaraki, engages in the manufacturing and sale of die cast products. The liquidation procedures will be completed by September 2009. (From a press release on Feb 23, 2009)
|Breakdown of Projected Sales by Segment (consolidated)||(in millions of JPY )|
|Rate of Change|
|Projected performance of die-casting by region (consolidated)||(in millions of JPY )|
|Rate of Change|
Projected orders for die-casting in Japan
(Projected orders were estimated based on total weight of orders received in fiscal year ended March 2008.)
|Changes in Capital Investment||(in millions of JPY )|
(Investment for die)
|R&D Expenditure||(in millions of JPY )|
-The Company's R&D activities are focused on its die-cast products business, lead by its Engineering Department.
R&D Activities (for FY2008 which ended in March 2009)
-The Company started mass production of new chassis components using NI casting process. It also plans to start mass production of suspension related components in autumn of 2009.
-The Company increased the level of mold cooling design and mold lubricant application, core technologies for die-casting.