SNT CORPORATION Business report FY2008

Business Highlights

Financial overview

(In millions JPY)

FY2008 FY2007 Rate of
Change (%)
Sales 18,168 20,994 9.3 Product demand in its major markets, namely the automotive and construction markets, declined; as did sales, due to the financial crisis that originated in the USA.
Income also decreased, partly because of a loss incurred when revaluing investments in securities, due to steep falls in their share prices; and a reversal of deferred tax assets.
Operating income 1,411 2,231 17.5
Ordinary income 2,128 3,169 19.7
Net income 659 1,710 (5.9)
Forged products business
Sales 14,835 17,167 (13.6)

Sales and income declined, as orders decreased due to reductions in production volume in the automotive and construction industries.

Operating income 1,430 2,402 (40.5)

Highlights by region


Reductions in production volume by both auto manufacturers and industrial machinery makers affected the Company's forging business. In addition, its construction machinery business was also affected by a decrease in orders. As a result, sales decreased by 7.7% year-on-year to 13,532 million yen and operating income by 31.6% to 1,153 million yen.

Due to local political turmoil in the country, an economic slowdown, and the appreciation of the yen, sales declined 26.7% year-on-year to 4,636 million yen and operating income by 42.8% to 671 million yen.

Investment Activities

Investment Expenditure
(in millions of JPY) FY2008 FY2007 FY2006
Overall 1,059 1,488 1,157
Forged products business - 1,125 990
The Company made capital investments mainly to renovate a compressor at its Takahagi Plant and add a 2,000 ton forging press line at its subsidiary, Siam Metal Technology.

New Facilities (in millions of JPY)
Company Name Type of facility Planned
Construction start Planned completion Production Capacity after completion
Chubu Tanko
(Aichi Pref., Japan)
Production facilities for forged products 620 2009.1 2009.10 Max 900T/Monthly
(based on the stamping weight)