ASKA CORPORATION Business reports for FY2008
|Financial Overview||(in millions of JPY)|
|FY2008||FY2007||Rate of Change(%)||Factors|
|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 Expenditure||(in millions of JPY)|
-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.
|Capital Expenditure||(in millions of JPY)|
-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.
-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)