Financial Overview
|
(in millions of JPY) |
| |
FY ended Mar. 31, 2012 |
FY ended Mar. 31, 2011 |
Rate of
Change (%) |
Factors |
| Overall |
| Sales |
51,981 |
51,715 |
0.5 |
- |
| Operating income |
4,666 |
6,234 |
(25.2) |
- |
| Ordinary income |
4,919 |
6,316 |
(22.1) |
- |
| Net income |
2,957 |
3,536 |
(16.4) |
- |
| Bearing business |
| Sales |
34,872 |
33,824 |
3.1 |
-Production volume of automotive products in Japan temporarily decreased as a result of the Great East Japan Earthquake and the flooding in Thailand. Nevertheless, operating revenue rose due to increased production levels mainly in Asia. |
| Operating income |
3,864 |
4,434 |
(12.9) |
Reorganization
- In December 2011, Oiles Canada Corporation was liquidated, with Oiles America Corporation inheriting the business operations.
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
R&D Expenditure
|
(in millions of JPY) |
| |
FY ended Mar. 31, 2012 |
FY ended Mar. 31, 2011 |
FY ended Mar. 31, 2010 |
| Group |
1,937 |
2,286 |
2,229 |
| % of Sales |
3.7% |
4.4% |
5.0% |
- In FY ended Mar. 31, 2012, the number of people in charge of research and development is 163.
R&D Activities
Bearings business - The Company developed a pressurized, one-way seat damper that takes up less space while providing greater damping force. This was developed in line with the Company's efforts to create products that appropriately control the speed of automatic seats, offer a sense of heightened luxury and better operating feel, and improve occupant safety.
