Jeco Co., Ltd. Business Report FY2009
Business Highlights
Financial Overview |
(in millions of JPY) |
| FY2009 | FY2008 | Rate of change(%) | Factors | |
| Overall | ||||
| Sales | 20,735 | 22,019 | (5.8) | - |
| Operating income | 687 | (704) | - | - |
| Ordinary income | 736 | (895) | - | - |
| Current net income | 599 | (1,677) | - | - |
| Sales by product | ||||
| Indicator related products | 14,674 | 14,990 | (2.1) | -Although production of air-conditioner panels increased, overall sales decreased due to lower production volumes of combination meters, accessory meters, and other products. |
| Motor related products | 3,300 | 4,153 | (20.5) | -Although production of corner poles increased, overall sales decreased because the production of ABS motors ended and the production volumes of electronic throttle motors and other products declined. |
| Other automotive products | 2,760 | 2,876 | (4.0) | -Although sales of current sensors increased because the Company captured new users, overall sales decreased because the production volumes of other sensors and products declined. |
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
R&D
R&D Expenditure |
(in millions of JPY) |
| FY2009 | FY2008 | FY2007 | |
| Overall | 573 | 650 | 724 |
| % of total sales | 2.8 | 3.0 | 2.5 |
-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 Expenditure |
(in millions of JPY) |
| FY2009 | FY2008 | FY2007 | |
| Overall | 572 | 1,890 | 2,291 |
-Capital investment in FY 2008 was mainly made at its automobile parts business in order to develop products for new-vehicle models.
New Facility
| Name Location |
Type of facility | Planned investment amount (million JPY) |
Start | Finish | Production capacity increase on completion |
| Jeco Co., Ltd. Headquarters/ Plant (Saitama Pref., Japan) |
Automobile parts assembly facility | 321 | Apr.2009 | Mar.2011 | Slight increase |
| Facility producing dies and tools | 330 | Apr.2009 | Mar.2011 | Slight increase | |
| Non-production facility | 131 | Apr.2009 | Mar.2011 | Slight increase | |
| Nagano Jeco Co., Ltd. Headquarters/ Plant (Nagano Pref., Japan) |
Automobile parts assembly facility | 64 | Apr.2009 | Mar.2011 | Slight increase |