Financial Overview
|
(in millions of JPY) |
|
FY ended Mar. 31, 2013 |
FY ended Mar. 31, 2012 |
Rate of Change (%) |
Factors |
Overall |
Sales |
8,358 |
9,245 |
(9.6) |
- |
Operating income |
324 |
416 |
(22.1) |
- |
Ordinary income |
228 |
236 |
(3.4) |
- |
Current net income |
184 |
58 |
217.2 |
- |
Reorganizing Operations
-With the start of the 2011 fiscal year, the Company consolidated the Japan region and the U.S.A. region into one regional segment, which became the Japan region.
- The Company announced that it will absorb IK Mold Co. Ltd., its wholly-owned consolidated subsidiary in Japan. The effective date of the merger will be April 1, 2012. The Company, as the continuing company, will absorb IK Mold, which will be dissolved upon completion of the merger procedure. (From a press release on January 27, 2012)
Recent Developments Outside japan
<Indonesia>- The Company and PT. Dinamikajaya Bumipersada of Indonesia announced that they will set up a new joint venture in Tangerang, Banten, Indonesia. The new company, which will be tentatively called PT. Ikuyo Indonesia, will manufacture, sell, export and import automotive parts. Capitalized at 5.75 billion rupees, approximately 48 million yen, the new company will be owned 51 percent by the Company and 49 percent by Dinamikajaya Bumipersada. The two companies plan to establish the new joint venture in February 2013. (From a press release on November 20, 2012)
Outlook for FY2014 (non consolidated)
|
(in millions of JPY) |
|
FY ended Mar. 31, 2014 (forecast) |
FY ended Mar. 31, 2013 (Actual) |
Sales |
8,100 |
8,358 |
Operating income |
288 |
324 |
Ordinary income |
200 |
228 |
Net income |
171 |
184 |
Capital Expenditure
|
(in millions of JPY) |
|
FY ended Mar. 31, 2013 |
FY ended Mar. 31, 2012 |
FY ended Mar. 31, 2011 |
Overall |
436 |
354 |
713 |
Capital Investment for FY ended Mar. 31, 2013-The Company spent approximately 328 million yen in dies to manufacture parts for compact SUVs and small trucks.