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 |