Aska Corporation Business Report FY2011

Business Highlights

Financial Overview

(in millions of JPY)
  FY2011 FY2010 Rate of Change (%) Factors
Sales 16,228 18,471 (12.1) -
Operating income 117 346 (66.2) -
Ordinary income 187 487 (61.6) -
Net income 73 266 (72.5) -
Automotive Components Business
Sales 11,822 13,325 (11.3) -The Company had to reduce its production volume, as automakers suspended operations in the aftermath of the great earthquake in March.


R&D Expenditure

(in millions of JPY)
  FY2011 FY2010 FY2009
Overall 50 46 49
Personnel 7 8 7

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

<Automotive Components Division>
-The Company spent 22 million yen on R&D activities at the Automotive Components Division in FY2011
-The Company conducted simulation of press forming.

Investment Activities

Capital Expenditure

(in millions of JPY)
  FY2011 FY2010 FY2009
Overall 438 350 331

-Investment in the automotive components business totaled 385 million yen in FY2011
-In FY2010, 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, 2010.