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 (%) |
Factors | |
Overall | ||||
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 (Forecast) |
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 |