Jeco Co., Ltd. Business Report FY2010

Business Highlights

Financial Overview

(in millions of JPY)
  FY2010 FY2009 Rate of change(%) Factors
Overall
Sales 21,391 20,735 3.2 -
Operating income 1,365 687 98.5 -
Ordinary income 1,300 736 76.6 -
Current net income 384 599 (35.9) -
Sales by product
Indicator related products 20,593 19,842 3.8 -Sales increased due to the growth in production of display panels and equipment such as air-conditioning control panels.
Motor related products 2,501 2,064 21.2 -Sales increased due to the growth in production volume of vehicles.

>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.) 

R&D

R&D Expenditure

(in millions of JPY)
  FY2010 FY2009 FY2008
Overall 550
573 650
% of total sales 2.6
2.8 3.0

-The Company engaged in R&D activities to enhance the competitiveness of mainly its automotive display panels and equipment (such as clocks, air-conditioning control panels, etc.) and sensors.

Investment Activities

Capital Expenditure

(in millions of JPY)
  FY2010 FY2009 FY2008
Overall 531
572 1,890

-The Company made a capital investment of 531 million yen mainly to develop new product items in its auto-parts division.
-The Company invested 510 million yen in Japan to expand, enhance, and strengthen its capacities to develop new product items.
-In Asia, the Company invested 20 million yen in equipment and facilities to develop new product items.

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 382 Apr.2010 Mar.2012 Slight increase
Facility producing dies and tools 194 Apr.2010 Mar.2012 Slight increase
Non-production facility 58 Apr.2010 Mar.2012 Slight increase
Nagano Jeco Co., Ltd.
Headquarters/Plant
(Nagano Pref., Japan)
Automobile parts assembly facility 100 Apr.2010 Mar.2012 Slight increase

Jeco Autoparts Philippines, Inc.

Headquarters/Plant

Electronics manufacturing facility 166 Jan.2011 Aug.2011 35%