Oiles Corp. Business Report FY2006
Business Highlights
(in millions of JPY) | FY2006 | FY2005 |
Rate of Change (%) |
Factors |
Overall | ||||
Sales | 55,344 | 51,822 | 6.8 | - |
Operating income | 6,362 | 4,533 | 40.3 | - |
Ordinary income | 6,769 | 4,926 | 37.4 | - |
Net income | 3,706 | 2,713 | 36.6 | - |
Bearings business | ||||
Sales | 34,905 | 31,967 | 9.2 | see note 1) below |
Operating income | 5,074 | 4,520 | 12.3 |
Factors
1) Sales to automakers steadily increased, thanks to increased production
volumes of Japanese automakers and new orders received. In addition,
the Company's global business dealings with automakers overseas
also increased.
Global business
-Oiles Czech Manufacturing s.r.o., the Company's production site
in the Czech Republic manufacturing automotive products for the
European market, is expanding its site to cope with increased needs
by automakers. The work involved with enhancing the production capacity
will be completed in January 2008.
R&D
(in millions of JPY) | FY2006 | FY2005 | FY2004 |
Group | 2,447 | 2,296 | 2,473 |
% of Sales | 4.4% | 4.4% | 5.1% |
Status of R&D on bearings
-The Company developed cam units to be used in thick plates and
high-tensile materials needed in automotive stamping dies. The cam
units have excellent workability and resistance, making them ideally
suitable for processing high-tensile steel.