SNT CORPORATION Business report FY2007
(In millions JPY)
|FY2007||FY2006|| Rate of
|Sales||20,994||19,208||9.3||Sales increased as a result of receiving steady orders supported by good demand in automotive and construction machinery related industries.|
|Forged products business|
|Sales||17,167||15,005||14.4||see note 1) below|
|Operating income||2,402||1,827||31.5||see note 2) below|
1)Sales in the forged products business increased. Outside Japan, Siam Metal Technology Co., Ltd. (SMT) of Thailand recorded a 24.0% sales increase, amounting to 6,329 million yen. In Japan, Chubu Tanko Co., Ltd. located in Shinshiro city, Aichi prefecture, and the Takahagi forging plant in Takahagi city, Ibaraki prefecture, also recorded increases in both sales and profit.
2) Although revenue increased, the Company was too late in passing price hikes to customers for special steel, which is a main material of the Company's products, and also for sub materials. In addition, a significant increase in materials prices was expected. These two factors put pressures on sales performance.
|(in millions of JPY)||FY2007||FY2006||FY2005|
|Forged products business||1,125||990||711|
|New Facilities||(in millions of JPY)|
|Company Name||Type of facility|| Planned
|Construction start||Planned completion||Production Capacity after completion|
|Siam Metal Technology Co., Ltd.
|3,000-ton forging press||694||2008.1||2008.6||Max 700T/Monthly
(based on the stamping weight)