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 |