[Gen-AI Analysis] Jeco Co., Ltd. Business Report FY ended 2014 - MarkLines Automotive Information & Gen-AI Platform

Jeco Co., Ltd. Business Report FY ended Mar. 2014

Business Highlights

Financial Overview

(in millions of JPY)

	FY ended Mar. 31, 2014	FY ended Mar. 31, 2013	Rate of change (%)	Factors
Overall
Sales	25,148	22,008	14.3	-
Operating income	2,202	1,116	97.3	-
Ordinary income	2,342	1,203	94.7	-
Net income	1,639	935	75.3	-
Sales by region
Japan	19,495	18,970	2.8	-Performance was higher because production of clocks, including analog clocks, and air-conditioning panels increased.
Asia	5,652	3,038	86.0	-Performance was higher because the Company produced more display devices due to its customers’ higher production levels.

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

Outlook for FY ending Mar. 31, 2015

(in millions of JPY)

	FY ending Mar. 31, 2015 (Forecast)	FY ending Mar. 31, 2014 (Actual Results)	Rate of Change (%)
Overall
Sales	21,500	25,148	(14.5)
Operating income	900	2,202	(59.1)
Ordinary income	900	2,342	(61.6)
Net income	650	1,639	(60.3)

R&D

R&D Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2014	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012
Overall	621	559	566
% of total sales	2.5	2.5	2.7

-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, 2014	FY ended Mar. 31, 2013	FY ended Mar. 31, 2012
Overall	1,179	835	910

-The Company invested 885 million yen in Japan to expand, enhance, and strengthen its capacities to develop new product items.
-In Asia, the Company invested 294 million yen in equipment and facilities to develop new product items.

Planned Capital Investments

(As of Mar. 31, 2014)

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	898	Apr. 2013	Mar. 2015	Slight increase
	Facility producing dies and tools	386	Apr. 2013	Mar. 2015	Slight increase
	Non-production facility	143	Apr. 2013	Mar. 2015	Slight increase
Nagano Jeco Co., Ltd. Headquarters/Plant (Nagano Pref., Japan)	Automobile parts assembly facility	247	Apr. 2013	Mar. 2015	Slight increase
Jeco Autoparts Philippines, Inc. Headquarters/Plant (Laguna, Philippines)	Automobile parts assembly facility	74	Jan. 2014	Dec. 2014	Slight increase