EAGLE INDUSTRY CO., LTD. Business Report FY2010
Business Highlights
Financial Overview |
(in millions of JPY) |
FY2010 | FY2009 | Rate of Change(%) | Factors | |
Sales | 91,920 | 76,063 | 20.8 | 1) |
Operating profit | 8,717 | 4,102 | 112.5 | - |
Ordinary profit | 9,142 | 4,998 | 82.9 | - |
Net income | 4,871 | 2,566 | 92.1 | - |
Automotive and Construction Machinery Industries | ||||
Sales | 50,163 | 40,547 | 23.7 | 2) |
Factor
1)
-Sales increased because of the structural reorganization the Company made and because of cost-cutting measures it implemented. In addition, higher sales were the result of the Company's conducting activities, mainly in emerging-market countries, to increase sales.
2)
<Automotive and Construction Machinery Industries>
-In addition to increased demand in emerging-market countries for automotive products, sales of these products also rose in Europe as well. As a result, sales were 50 billion, 163 million yen; while business operating profit was 4 billion, 73 million yen.
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
Outlook for FY2011 |
(in million of JPY) |
FY2011 (Forecast) |
FY2010 (Actual) |
Year-on-year Fluctuation | |
Sales | 100,000 | 91,920 | 8,080 |
Operating income | 9,300 | 8,717 | 583 |
Ordinary income | 10,100 | 9,142 | 958 |
Net income | 5,500 | 4,871 | 629 |
R&D
R&D Expenditure |
(in millions JPY ) |
FY2010 | FY2009 | FY2008 | |
Overall | 615 |
472 | 554 |
R&D Structure
-The Company's Technical Center is the main function responsible for R&D activities in the Company, collaborating with thetechnical/engineering, production, and sales functions to develop products in all its business sectors.
-The Company employs 59 R&D staff members, which account for 1.3% of the total number of employees. This year, the Company will spend 615
million yen on R&D activities.
R&D Activities
Automotive and Construction Machinery Industries-In carrying out R&D activities on mechanical seals for engine water-cooling circulation pumps, the Company is developing next-generation mechanical seals that have significantly higher performance in terms of reducing friction while at the same time maintaining a high level of sealing performance.
-In addition to developing conventional surface-edge type mechanical seals, the Company is also working on developing a high-performance and compact lip-edge type seal.
-In conducting R&D activities on products in the mechatronics field, the Company is developing selenoid valves for next-generation compressors, transmissions, and suspension systems.
-R&D activities in the valve and acuator segment include the development of products that respond to recent customer demand for improved fuel efficiently such as engine valves compliant with gas-emmisions regulations, and turbo-charger actuators.
-The Company is developing carbon bearings for electric pumps used in hybrid and electric vehicles.
-The Company is developing pressure reducing valves to control hydrogen gas used in fuel-cell vehicles.
-The Company is developing products that can be put to use on metal bellows used in all types of control devices.
Investment Activities
Capital Expenditure |
(in millions JPY) |
FY2010 | FY2009 | FY2008 | |
Overall | 3,496 |
3,703 | 5,872 |
Automotive and Construction Machinery Industries
-The Company is investing 1 billion, 535 million yen to inicrease its production capacity in the Automotive and Construction Machinery Industries.
-The Company invested mainly to revamp and rationalize production facilities, spending 368 million yen in NEK Co., Ltd.; 206 million yen in EKK Eagle (Thailand) Co., Ltd.; and 134 million yen in Shimane Eagle. 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 | 2,503 | Apr. 2011 |
Mar. 2012 |
Equipment to produce control valves and other products | |||||
Okayama Eagle Co., Ltd. | Okayama Pref., Japan | Equipment to produce mechanical seals and other products | 1,134 | Apr. 2011 |
Mar. 2012 |
Equipment to produce control valves and other products | |||||
Hiroshima Eagle Co., Ltd. | Yamagata-gun, Hiroshima | Equipment to produce mechanical seals | 571 | Apr. 2011 |
Mar. 2012 |
Eagle Industry France S.A.S. | France | Equipment to produce control valves and other products | 1,894 | Apr. 2011 |
Mar. 2012 |