ASKA CORPORATION Business reports for FY2007
Business Highlights
| (In million yen) | FY2007 | FY2006 | Rate of Change(%) |
| Overall | |||
| Sales | 22,787 | 21,470 | 6.1 |
| Ordinary profit | 1,138 | 818 | 39.1 |
| Net profit | 533 | 363 | 46.8 |
| Automotive Components Division | |||
| Sales | 14,973 | 12,902 | 16.0 |
-The Company marked increases both
in sales and profit in fiscal 2007, as a result of its initiatives
to develop new manufacturing technology and improve production efficiency,
while strengthening its activities for making proposals on technical
solutions.
Automotive business
-Demand from Mitsubishi Motors recovered thanks to strong
sales of its new vehicles. Business with Toyota was also favorable.
As a result, the automotive component division enjoyed greater sales.
R&D
| (In million yen) | FY2007 | FY2006 | FY2005 |
| R&D Expenses | 92 | 94 | 79 |
| Personnel | 11 | 12 | 10 |
R&D Organization
-Based on its long-term vision to develop innovative technology
and products that translate into new areas of business, the R&D
focus is set on developing IT related products and derivative technologies,
which are secondary to the Company's existing business.
-Each division is responsible for different uses for and manufacturing
methods of its products. Each division has its own R&D function.
the Development headquarters is engaged in new products that do
not belong to existing product groups.
Recent Developments (as of November, 2007)
-The Company developed production technology to make products made
of ultra high-tension materials.
Investment Activities
-The investment focus was on acquiring the Takahama facility in Takahama City, Aichi Prefecture, Japan and installing new production equipment in this plant.
-The Automotive Parts Division has no plans to make any major investment as of the end of November, 2007.