Asmo Co., Ltd. Business report FY2008
|Financial Overview||(in million JPY)|
|FY2008||FY2007||Rate of Change (%)||Factors|
-Sales decreased due to a decline in production volume of Japanese automakers inside and outside Japan as well as foreign exchange loss.
|Operating income||(13,785)||12,293||-||-Capacity utilization loss, foreign exchange loss due to strong yen and increase in material prices such as iron put pressure on the Company's profit.|
|Net income||(12,937)||3,259||-||-The Company posted the impairment loss on fixed assets of Asmo North Carolina, Inc. as an extraordinary loss.|
- Sales decreased by 19.5% to 212 billion 340 million yen due to decreased production volume of vehicles in Japan, decreased export of parts for vehicles that were produced overseas, and foreign exchange loss.
- Sales decreased by 31.1% to 44 billion 722 million yen due to a substantial decline in vehicle production.
<Other regions (Asia and Europe)>
- Sales decreased by 6.6% to 45 billion 157 million yen due to a decline in production volume of vehicles in Europe and ASEAN countries.
|R&D Expenditure||(in millions JPY)|
-With regards to R&D activities for technical aspects of new product development, the R&D sections played a central role in further developing the company's global operations. The company furthered R&D activities in cooperation with Asmo Detroit, Inc. R&D activities are conducted with several key words in mind. These are safety, environment, comfort and convenience.
-In dealing with and responding to environmental issues, the company is conducting R&D activities to develop motors using new systems that contribute to enhancing automotive fuel consumption and reducing emission gas. The company is also working on developing new, highly efficient and light-weight drive-trains and alternative technologies that are aimed at controlling environmentally harmful substances used in products.
-The Company standardized and realized mass production of its motors including electronic throttles and actuators for variable nozzle turbochargers through the development of a small and light motor.
-The Company realized mass production of a head lamp cleaner with smaller size and weight. Reduction in size and weight were achieved by optimizing pump efficiency.
-An electric fan motor, the size and weight of which were reduced and function improved through consolidation of the motor and driving circuit, was selected for mounting on vehicles.
-The Company realized mass production of rear wipers stored in spoiler to improve design.
Technological Licensing-in Agreements (As of Mar. 31, 2009)
|Canon||Japan||Ultrasonic wave motors||-Licensing of patented technologies and receiving of technical information||Jan. 1, 1998 -
Dec. 31, 2017
|Matsushita Electric Industrial Co., Ltd. (Panasonic)||Japan||Ultrasonic wave motors||-Licensing of patented technologies and receiving of technical information||March 19, 1999 - automatic extension|
|Capital Expenditure||(in millions JPY)|
|Amount of investment
-The Company focused on the investment necessary to develop successor models of the current products with reduced size and weight and improved function.
-In FY2009, the fix amount budgeted for capital expenditures (for building new facilities and expanding existing plants) is 9,100 million yen.
|Company name||Type of facility||Planned total
(Kosai City, Shizuoka Pref.)
|Production of small motors||5,116|