SNT Corporation Business Report FY ended Mar. 2013
Business Highlights
Financial Overview |
(in millions JPY) |
|
|
FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | Rate of Change (%) |
Factors |
| Overall | ||||
| Sales | 18,502 | 20,590 | (10.1) | -Sales for the year were down overall as a result of stagnant production volumes in Japan, even though sales at the Company’s subsidiaries overseas rose. |
| Operating income | 1,484 | 1,823 | (18.6) | - |
| Ordinary income | 2,058 | 2,390 | (13.9) | - |
| Net income | 1,290 | 694 | 85.9 | - |
| Forged products business | ||||
| Sales | 14,234 | 16,138 | (11.8) | -Both revenue and profit decreased year-on-year in the automotive industry, the Company’s major business sector, due to lower unit production because of the high valuation of the yen, and due to the drop in demand in China for Japanese OEM’s vehicles. |
| Operating income | 1,078 | 1,533 | (29.7) | |
Outlook for FY ending Mar. 31, 2014 |
(in millions of JPY)) |
| FY ending Mar. 31, 2014 (Forecast) |
FY ended Mar. 31, 2013 (Actual Results) |
Rate of change (%) |
|
| Sales | 17,800 | 18,502 | (3.8) |
| Operating income | 1,250 | 1,484 | (15.8) |
| Ordinary income | 1,650 | 2,058 | (19.8) |
| Net income | 1,050 | 1,290 | (18.6) |
Investment Activities
Capital Expenditure |
(in millions JPY) |
| FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | |
| Overall | 1,173 | 878 | 501 |
-Capital investments in FY ended Mar. 2013 were mainly made at its Thai subsidiary Siam Metal Technology Co., Ltd. to augment forging facilities and build a new die factory.
Planned Capital Investments |
(As of Mar. 31, 2013) |
| Company name | Location | Equipment to be introduced | Estimated amount of investment (in millions JPY) |
Start | Planned completion | Production capacity increase on completion |
| The Company Headquarters; Takahagi Plant |
Ibaraki Pref., Japan | Facilities to manufacture forged products | 290 | May 2012 | Jul. 2013 | Increase of 15% |
| Siam Metal Technology Co., Ltd. | Rayong, Thailand | Additional facilities for machining | 83 | Apr. 2013 | Aug. 2013 | Increase machining capacity by 250% |