IKUYO CO., LTD. Business report FY2008
|Financial Overview||(in millions of JPY)|
|FY2008||FY2007||Rate of Change (%)||Factors|
|Sales||14,446||20,464||(29.4)||-Sales and income decreased due to a sharp global decline in production volume. This was despite the Company's efforts to reduce costs through reexamination of all costs and expenses including cuts in workforce and wages.|
|Current net income||(760)||134||-|
|Automotive component business|
-The Company announced its intention to temporarily close its Yamaguchi Hikari Plant as of March 31, 2009. The business has been hard hit by lower order volumes since the beginning of the second half of FY2009. Consequently, a part of production at the plant, which is located in Hikari City, Yamaguchi, will be transferred and consolidated into its Okayama Plant. (From a press release on Jan 30, 2009)
|R&D Expenditure||(in millions of JPY)|
Introduction of Technology (As of Mar. 2009)
|Partner||Country||Items in Contract||Terms of Contract||Length of Contract|
Idemitsu Petrochemical Co., Ltd.
Sales and manufacture of technology to produce hollow injection molding
From February 14, 1995 until expiration of the patent
|Capital investment||(in millions of JPY)|
-The Company invested most heavily in the auto parts business.
-The Company invested 645 million yen in dies for new compact cars and RVs.