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ASKA CORPORATION Business reports for FY2008
Business Highlights
| Financial Overview | (in millions of JPY) |
| FY2008 | FY2007 | Rate of Change(%) | Factors | |
| Overall | ||||
| Sales | 23,307 | 22,787 | 2.3 | - |
| Ordinary profit | 897 | 1,138 | (21.2) | - |
| Net profit | 274 | 533 | (48.5) | - |
| Automotive Components Business | ||||
| Sales | 15,660 | 14,973 | 4.6 | -Although sales started to drop sharply in October 2008, revenues increased from a year ago thanks to strong sales to both Mitsubishi Motors and Toyota Motor until September 2008. |
R&D
| R&D Expenditure | (in millions of JPY) |
| FY2008 | FY2007 | FY2006 | |
| R&D Expenses | 63 | 92 | 94 |
| Personnel | 9 | 11 | 12 |
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 Nov. 2008)
-The Company conducted simulation of press forming.
Investment Activities
| Capital Expenditure | (in millions of JPY) |
| FY2008 | FY2007 | FY2006 | |
| Total | 2,448 | 3,617 | 498 |
-The investment focus was on acquiring the Toyota facility in Toyota 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, 2008.
Domestic Investments
-The Company announced the completion of the expansion work of stamping shop at the headquarters/main Plant and consequent kick-off of stamping operations utilizing a newly-installed 1,600-ton transfer press machine at the site. (From a press release on May 19, 2008)
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