Oiles Corp. Business Report FY2006
|(in millions of JPY)||FY2006||FY2005||
|Sales||34,905||31,967||9.2||see note 1) below|
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.
-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.
|(in millions of JPY)||FY2006||FY2005||FY2004|
|% 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.