Aska Corporation Business Report FY ended Nov. 2012
Business Highlights
Financial Overview |
(in millions of JPY) |
| FY ended Nov. 30, 2012 | FY ended Nov. 30, 2011 | Rate of Change (%) | Factors | |
| Overall | ||||
| Sales | 19,624 | 16,228 | 20.9 | - |
| Operating income | 462 | 117 | 294.9 | - |
| Ordinary income | 583 | 187 | 211.8 | - |
| Net income | 273 | 73 | 274.0 | - |
| Automotive Components Business | ||||
| Sales | 13.912 | 11,822 | 17.7 | -Production volume recovered from last year, when production significantly slowed in the aftermath of the Great East Japan Earthquake. -Production increased thanks to the effects of the eco-car incentive program. |
| Operating income | 54 | (52) | - |
- |
New Company
<Indonesia>-In 2012, the Company announced that it will establish a new subsidiary, PT. Auto Aska Indonesia, which will manufacture and sell automotive parts, in Karawang, West Java. The new company will be capitalized at USD 800 million, and production is expected to begin in 2013. In fiscal year 2015, the company will have approximately 500 employees. (From a press release on June 28, 2012)
R&D
R&D Expenditure |
(in millions of JPY) |
| FY ended Nov. 30, 2012 | FY ended Nov. 30, 2011 | FY ended Nov. 30, 2010 | |
| Overall | 57 | 50 | 46 |
| Automotive Division | 15 | 22 | - |
| Personnel | 9 | 7 | 8 |
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.-The Company has established R&D functions at each division, since applications and production methods vary considerably by business segment.
-The Development headquarters is engaged in new products that do not belong to existing product groups.
Recent Developments
<Automotive Division>-The Company has developed technology to process of high-tensile material.
Investment Activities
Capital Expenditure |
(in millions of JPY) |
| FY ended Nov. 30, 2012 | FY ended Nov. 30, 2011 | FY ended Nov. 30, 2010 | |
| Overall | 756 | 438 | 350 |
| Automotive Division | 612 | 385 | - |
-In FY ended Nov. 31, 2012, the Company focused its capital investment activities on upgrading its production equipment to improve operational efficiency.
-The Automotive Division has no plans to make any major investment as of Nov. 30, 2012.