ASKA CORPORATION Business reports for FY2009

Business Highlights

Financial Overview

(in millions of JPY)
  FY2009 FY2008 Rate of Change(%) Factors
Sales 13,956 23,307 (40.1) -
Operating income (387) 926 - -The company posted an operating loss for the first time in 54 years; it also recorded a net loss for the first time in 9 years.
Ordinary income (324) 897 -
Net income (282) 274 -
Automotive Components Business
Sales 10,187 15,660 (34.9) -Sales decreased significantly year-on-year due to a large drop in sales volume.


R&D Expenditure

(in millions of JPY)
  FY2009 FY2008 FY2007
Overall 49 63 92
Personnel 7 9 11

R&D Structure

-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

-The Company conducted simulation of press forming.

Investment Activities

Capital Expenditure

(in millions of JPY)
  FY2009 FY2008 FY2007
Overall 331 2,448 3,617

-In FY2009, the Company focused its capital investment activities on upgrading its production equipment to improve operational efficiency.
-The Automotive Parts Division has no plans to make any major investment as of Nov. 30, 2009.