SNT Corporation Business Report FY ended Mar. 2014

Business Highlights

Financial Overview

(in millions JPY)
  FY ended Mar. 31, 2014 FY ended Mar. 31, 2013 Rate of
Change (%)
Sales 18,910 18,502 2.2 -Sales increased because of a moderate economic recovery in Japan and the rest of the world; and because of favorable currency translation due to the weak yen and strong baht.
Operating income 1,524 1,484 2.7 -
Ordinary income 2,102 2,058 2.1 -
Net income 1,316 1,290 2.0 -
Forged products business
Sales 14,649 14,234 2.9 -Even though sales in the automotive business rose year-on-year during the first half of the year due to favorable currency translation because of the weak yen, performance was lower during the second half because new-vehicle sales in Thailand, the market in which the Company’s subsidiary operates, were lower due to new-car sales-incentive programs ending and lower new-car demand because of the political violence.
Operating income 1,143 1,078 6.0

Outlook for FY ending Mar. 31, 2015

(in millions of JPY))
  FY ending Mar. 31, 2015
FY ended Mar. 31, 2014
(Actual Results)
Rate of change
Sales 18,300 18,910 (3.2)
Operating income 1,250 1,524 (18.0)
Ordinary income 1,900 2,102 (9.6)
Net income 1,150 1,316 (12.6)

Investment Activities

Capital Expenditure

(in millions JPY)
  FY ended Mar. 31, 2014 FY ended Mar. 31, 2013 FY ended Mar. 31, 2012
Overall 1,223 1,173 878

-The Company invested JPY 569 outside Japan mainly for new forging facilities at Siam Metal Technology Co., Ltd. in Thailand; and JPY 405 million in Japan to revamp forging facilities at its plants.

Planned Capital Investments

(As of Mar. 31, 2014)
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 294 May 2012 May 2014 Increase of 15%
Siam Metal Technology Co., Ltd. Rayong, Thailand Additional facilities for machining 202 May 2014 Nov. 2014 50T per month increase in machining