EAGLE INDUSTRY CO., LTD. Business Report FY2009
Business Highlights
Financial Overview |
(in millions of JPY) |
FY2009 | FY2008 | Rate of Change(%) | Factors | |
Sales | 76,063 | 78,168 | (2.7) | - |
Operating profit | 4,102 | 3,246 | 26.4 | - |
Ordinary profit | 4,998 | 3,622 | 38.0 | - |
Current net income | 2,566 | 1,336 | 92.1 | - |
Mechanical seal division | ||||
Sales | 31,388 | 30,240 | 3.8 | -Sales rose as a result of selling more automotive products. |
Special valve division | ||||
Sales | 21,616 | 21,233 | 1.8 | -Sales rose as a result of selling mainly more automotive products. |
Acquisitions
-The Company announced that it will purchase all stakes in PL Automotive Holding B.V., which is based in the Netherlands and 40 percent indirectly owned by the Company through its related company, in an attempt to pursue its automotive mechanical seal operation in Europe under the management of its 100 percent owned subsidiary. The Company will purchase stakes in PL Automotive from a German based company Simrax GmbH. PL Automotive Holding is currently a wholly owned subsidiary by Simrax, which is owned 60 percent by FDS (Freudenberg Dichtungs-und Schwingungsttechnik), a business partner with NOK and 40 percent by the Company. (From an article in the Nikkan Jidosha Shimbun on July 16, 2009)>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
R&D
R&D Expenditure |
(in millions JPY ) |
FY2009 | FY2008 | FY2007 | |
Overall | 472 | 554 | 629 |
R&D Structure
-The Company had 67 research staff members in fiscal year 2010, which ended in March.R&D Activities
Mechanical seals division-In the are area of seals for engine coolant circulation pumps, the Company worked on developing sliding materials that can withstand poor operating conditions, including operating with deteriorated cooling water.
Special valves division
-The Company is working on developing special valves for the next generation of in-vehicle compressors, transmissions, and suspensions; as well as engines that comply with emission regulations.
-The Company is developing turbo charger actuators.
-The Company is developing specialized valves for compressors, transmissions and also turbo charger actuators which are expected to satisfy customers' demand for improving fuel efficiency.
Investment Activities
Capital Expenditure |
(in millions JPY) |
FY2009 | FY2008 | FY2007 | |
Mechanical Seal Division | 1,463 | 2,735 | 2,487 |
Special Valves Division | 1,357 | 1,821 | 1,885 |
Other products Division | 882 | 1,315 | 1,173 |
Total | 3,703 | 5,872 | 5,545 |
Mechanical Seal Division
(Investments by the Company)
-To increase the production capacity of automotive mechanical seals: 410 million JPY
(Investments in affiliated companies)
-234 million JPY in EagleBurgmann India Pvt. Ltd.
-158 million JPY in Eagle Industry (Wuxi) Co., Ltd.
-75 million JPY in Simrax B.V.
Special Valves Division
(Investments by the Company)
-To strengthen production capacity of control valves for automotive compressors: 582 million JPY
-To strengthen production capacity of mechatronic valves: 240 million JPY
(Investments in affiliated companies)
-348 million JPY in Eagle Industry (Wuxi) Co., Ltd.
-134 million JPY in EKK Eagle (Thailand) Co.,Ltd.
Equipment to be Installed
Facility (Location) |
Location | Equipment to be installed |
Estimated amount of investment (in million JPY) | Period of the project | |
from | to | ||||
The Company's Okayama Plant |
Okayama Pref., Japan | Equipment to produce mechanical seals and other products | 292 | Apr. 2010 |
Mar. 2011 |
Equipment to produce control valves and other products | 248 | Apr. 2010 |
Mar. 2011 |
||
NEK Co.,Ltd. | Korea | Equipment to produce mechanical seals | 129 | Apr. 2010 |
Mar. 2011 |
Eagle Industry France S.A.S. | Thailand | Equipment to produce control valves and other products | 176 | Apr. 2010 |
Mar. 2011 |
Eagle Industry (Wuxi) Co., Ltd. | China | Equipment to produce lead valves | 167 | Apr. 2010 |
Mar. 2011 |
Simrax B.V. | India | Equipment to produce mechanical seals | 139 | Apr. 2010 |
Mar. 2011 |