Ikuyo Co., Ltd. Business Report FY ended Mar. 2014

Business Highlights

Financial Overview

(in million JPY)
FY ended Mar. 31, 2014 FY ended Mar. 31, 2013 Rate of Change (%) Factors
Overall
Sales 9,260 8,358 10.8 -Revenue and profits increased due to stable product sales and cost-reduction activities
Operating income 659 324 103.4
Ordinary income 598 228 162.3 -
Current net income 352 184 91.3 -

Contract

-Supply contract from PT. Ikuyo Indonesia for the following:
  • From February 2014, started delivering interior parts such as resin parts for door panels and instrument panels; to the Mistubishi Outlander Sport.
  • From April 2014, started delivering functional parts such as radiator fans and radiator covers; to the Nissan GO+Panca.
 

Outlook for FY ending Mar. 2015

(in million JPY)
FY ending Mar. 31, 2015
(Forecast)
FY ended Mar. 31, 2014
(Actual results)
Increase Ratio
(%)
Sales 8,572 9,260 (7.4)
Operating income 345 659 (47.6)
Ordinary income 233 598 (61.0)
Net income 205 352 (41.8)

R&D

R&D Expenditure

(in million JPY)
FY ended Mar. 31, 2014 FY ended Mar. 31, 2013 FY ended Mar. 31, 2012
Overall 8 8 3

R&D Activity

-Major R&D activities are listed below:
1. New molding technology for decorative parts
  • Development of applied technology in order to improve the level of lamination molding, film inserts, and foam molding
  • Development of technology to find replacements for plating and paint
2. Use of high-strength plastics
  • Development of injected molding parts as replacements for metal arts on automobile chassis.
  • Development of injection molded parts that are high-heat resistant, oil resistant, and high strength; designed for use in engine transmission parts, etc.

Investment Activities

Capital Expenditure

(in million JPY)
FY ended Mar. 31, 2014 FY ended Mar. 31, 2013 FY ended Mar. 31, 2012
Overall 597 436 354

-JPY 650 million is planned to be invested in capital improvements by end of fiscal year 2014, which ends March 2015.