ASKA CORPORATION Business reports for FY2007

Business Highlights

Financial overview
(In million yen) FY2007 FY2006 Rate of Change(%)
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.


(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 total investment in this division reached 3,617 million yen in fiscal year 2007. (Its investment totaled 498 million yen in fiscal year 2006.)
-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.