IKUYO CO., LTD. Business Report FY2010

Business Highlights

Financial Overview

(in millions of JPY)
  FY2010 FY2009 Rate of Change (%) Factors
Sales 11,597 10,049 15.4 -
Operating income 701 (150) - -
Ordinary income 494 (397) - -
Current net income 49 (465) - -

Highlights by Region

Domestic sales ware supported by growing vehicle exports by the Company's customers, as well as the effect of the eco-car incentive programs. Sales were 10,539 million yen, up 15.8 percent year-on-year, and operating profit was 490 million yen.

Demand began to pick up, as the slowing U.S. automotive market started to stabilize. Sales in the U.S., however, remained weak due partially to a delay in new business. Sales were 1,480 million yen, up 5.1 percent year-on-year. The division reported an operating loss of 39 million yen.


- Cooper Standard Automotive Inc. announced its acquisition of USi, Inc. from the Company. USi, based in Tennessee, U.S., provides a coating process for use in automotive applications, including vehicles produced by a number of global automakers, including Ford, General Motors, Honda, Hyundai, Nissan and Toyota. Through the sale, Cooper Standard acquires USi's 109,000 square-foot plant in Tennessee. Terms of the sale were not disclosed. (From a press release on March 28, 2011)

Outlook for FY2011

(in millions of JPY)
Sales 9,123 11,597
Operating income 275 701
Ordinary income 61 494
Net income 57 49


R&D Expenditure

(in millions of JPY)
  FY2010 FY2009 FY2008
Overall 1
1 2

Investment Activities

Capital Expenditure

(in millions of JPY)
  FY2010 FY2009 FY2008
Overall 713 635 721

Capital Investment for FY2010
-The Company invested most heavily in the auto parts business.
-The Company spent approximately 485 million yen in dies to manufacture parts for compact SUVs and small trucks.