ASKA CORPORATION Business reports for FY2008

Business Highlights

Financial Overview (in millions of JPY)
FY2008 FY2007 Rate of Change(%) Factors
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 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)