Jeco Co., Ltd. Business Report FY2012
Business Highlights
Financial Overview |
(in millions of JPY) |
| FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | Rate of change (%) | Factors | |
| Overall | ||||
| Sales | 20,648 | 21,391 | (3.5) | - |
| Operating income | 672 | 1,365 | (50.8) | - |
| Ordinary income | 622 | 1,300 | (52.2) | - |
| Current net income | 949 | 384 | 147.1 | - |
| Sales by product | ||||
| Indicators | 18,223 | 18,890 | (3.5) | -Sales of indicators were lower year-on-year because of the Great East Japan Earthquake and the flooding in Thailand. |
| Motor products | 2,424 | 2,500 | (3.0) | -Production volumes were lower year-on-year because of the flooding in Thailand. |
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
R&D
R&D Expenditure |
(in millions of JPY) |
| FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | FY ended Mar. 31, 2010 | |
| Overall | 566 | 550 | 573 |
| % of total sales | 2.7 | 2.6 | 2.8 |
-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) |
| FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | FY ended Mar. 31, 2010 | |
| Overall | 910 | 531 | 572 |
-The Company made a capital investment of 910 million yen mainly to develop new product items in its auto-parts division.
-The Company invested 633 million yen in Japan to expand, enhance, and strengthen its capacities to develop new product items.
-In Asia, the Company invested 277 million yen in equipment and facilities to develop new product items.
Planned Capital Investments
| Name Location |
Type of facility | Planned investment amount (in million JPY) |
Start | Finish | Production capacity increase on completion |
| Jeco Co., Ltd. Headquarters/Plant (Saitama Pref., Japan) |
Automobile parts assembly facility | 261 | Apr.2011 | Mar.2013 | Slight increase |
| Facility producing dies and tools | 201 | Apr.2011 | Mar.2013 | Slight increase | |
| Non-production facility | 105 | Apr.2011 | Mar.2013 | Slight increase | |
| Nagano Jeco Co., Ltd. Headquarters/Plant (Nagano Pref., Japan) |
Automobile parts assembly facility | 119 | Apr.2011 | Mar.2013 | Slight increase |
| Jeco Autoparts Philippines, Inc. Headquarters/Plant (Laguna, Philippines) |
Electronics manufacturing facility | 204 | Jan.2012 | Dec.2012 | Slight increase |