JECO CO., LTD. Business Report FY2007

Business Highlights

Financial overview (in millions of JPY)
FY2007 FY2006 Increases
Sales 28,576 24,295 17.6 -Sales rose due to the Company's greater volume of production and products supplied both in and outside Japan. Products included those such as combination meters and air conditioner panels developed in collaboration with other companies. The launch of commercial operations at Dongguan Jeco Co., Ltd. established in China also contributed to the tremendous sales increase.
Operating income 1,599 1,268 26.0 -Income rose due to the Company's cost-cutting initiatives, increased sales, and enhanced productivity.
Ordinary income 1,613 1,171 37.7
Current net income 910 621 46.5
Sales by product
Indicator related products 19,036 12,664 30.4 -Sales rose, as the volume of combination meters and air conditioner panels sold, which were developed in collaboration with other companies, significantly increased.
Motor related products 6,345 6,807 (8.5)

-The sales of motor products declined as a result of a lower volume of ABS motors being sold due to a shift in using next-generation models; and a switch from using electronic throttle motors to low-priced models.

Other automotive products 3,193 2,504 15.5

-An increase in the use of electric current sensors in response to a raised awareness toward fuel efficiency contributed to the rise in sales.

Domestic business
-The Company announced that it will dissolve Kanagawa Resin Co., Ltd., its subsidiary producing automotive resin parts, on May 31,2008. By migrating operations now carried out at Kanagawa Resin to both its headquarters and Nagano Jeco Co., Ltd., the Group aims to enhance its competitiveness. (From an article in the Nikkan Jidosha Shimbun on Mar.31, 2008)


-R&D expenses in FY2007 totaled 724million JPY (2.5% of total sales).

-R&D was mainly conducted to develop technology in order to gain a competitive edge in the area of automotive clocks, display system products such as air-conditioner panels, and sensors.

Investment Activities

Capital Investment
-A capital investment of 2,291 million JPY in FY 2007 was made mainly at its automobile parts business in order to develop products for new-vehicle models.

New facility
Type of facility Planned investment amount
(million JPY)
Start Finish Production capacity increase on completion
Jeco Co., Ltd.

(Saitama Pref., Japan)
Automobile parts assembly facility 865 Apr.2007 Mar.2009 Slight increase
Dies and tools 384 Apr.2007 Mar.2009 Slight increase
Facility except production facility 242 Apr.2007 Mar.2009 Slight increase
Nagano Jeco Co., Ltd.
(Nagano Pref., Japan)
Automobile parts assembly facility 554 Apr.2007 Mar.2009 Slight increase