Jeco Co., Ltd. Business Report FY ended 2013 - MarkLines Automotive Industry Portal

Jeco Co., Ltd. Business Report FY ended Mar. 2013

Business Highlights

Financial Overview

(in millions of JPY)

	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012	Rate of change (%)	Factors
Overall
Sales	22,008	20,648	6.6	-
Operating income	1,116	672	66.3	-
Ordinary income	1,203	622	93.4	-
Net income	935	949	(1.5)	-
Sales by region
Japan	18,970	18,223	4.1	-As a result of the high level of vehicle production at OEMs, the Company’s production volume of products, especially display products such as automotive clocks, increased year-on-year.
Asia	3,038	2,424	25.3

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

Outlook for FY ending Mar. 31, 2014

(in millions of JPY)

	FY ending Mar. 31, 2014 (Forecast)	FY ending Mar. 31, 2013 (Actual Results)	Rate of Change (%)
Overall
Sales	21,500	22,008	(2.3)
Operating income	1,050	1,116	(5.9)
Ordinary income	1,100	1,203	(8.6)
Net income	830	935	(11.2)

R&D

R&D Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011
Overall	559	566	550
% of total sales	2.5	2.7	2.6

-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, 2013	FY ended Mar. 31, 2012	FY ended Mar. 31, 2011
Overall	835	910	531

-The Company invested 687 million yen in Japan to expand, enhance, and strengthen its capacities to develop new product items.
-In Asia, the Company invested 148 million yen in equipment and facilities to develop new product items.

Planned Capital Investments

(As of Mar. 31, 2013)

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	231	Apr. 2012	Mar. 2014	Slight increase
	Facility producing dies and tools	431	Apr. 2012	Mar. 2014	Slight increase
	Non-production facility	119	Apr. 2012	Mar. 2014	Slight increase
Nagano Jeco Co., Ltd. Headquarters/Plant (Nagano Pref., Japan)	Automobile parts assembly facility	97	Apr. 2012	Mar. 2014	Slight increase
Jeco Autoparts Philippines, Inc. Headquarters/Plant (Laguna, Philippines)	Automobile parts assembly facility	260	Jun. 2012	Dec. 2013	Slight increase