Stanley Electric Co., Ltd. Business report FY2007
Business Highlights
In million JPY | FY2007 | FY2006 | Rate of Change (%) | Factors |
Overall | ||||
Sales | 354,469 | 338,680 | 4.7 | - |
Operating income | 46,563 | 40,649 | 14.5 | - |
Ordinary income | 48,896 | 43,612 | 12.1 | - |
Net income | 29,732 | 26,283 | 13.1 | - |
Car Electronics Division | ||||
Sales | 246,368 | 231,573 | 6.6 | -Amid the steady growth of auto production worldwide, the Company recorded an increase in sales mainly due to strong sales of value-added products such as adaptive front lighting systems (AFSs) and discharge head lamps (HIDs) and LED rear combination lamps. |
Operating income | 26,443 | 21,778 | 21.4 |
R&D
Total R&D expenses for FY2007,
which ended Mar. 2008, are as follows.
-Total R&D expenses: 4,731 million yen.
-Automotive products: 1,981 million yen
-Electronic products: 2,749 million yen
Main fields of R&D
1.Optoelectronics area
-High power white LEDs
-High power red/infrared LEDs
-High speed sensitive image sensors
2.Display area
-Super-high contras LCDs
-Optical micro-scanners
-Display drive circuits
3.Source of light and illumination area
-Automotive lamps
-Cold Cathode Fluorescent Lamps (CCFLs)
-LED street lightings, indoor lightings and power
supply units for drive systems
-Light source unit for LCDs
4.Software area
-Distribution light simulation systems
-Optical device optimal design tools
-Human interfaces
5.Products utilizing above devices and technology
Technical Alliance
-On May 15 the Company announced that it has concluded a licensing
agreement on white LED with Nichia Corporation (Anan city, Tokushima
prefecture), the largest supplier of light-emitting diodes (LEDs).
Based on this agreement the Company will enter into the market
of LED head lamps, whose adoption is expected to increase mainly
for luxury cars, while Nichia will expand scope of business to
automotive products, including high-value added LED bulbs. Koito
Manufacturing Co., Ltd. has already developed LED head lamps jointly
with Nichia, which will be installed on Toyota's Lexus 600h to
be launched soon. The Company has also been accelerating the development
of LED head lamps targeting mainly at Honda's luxury cars. (From
an article in the Nikkan Jidosha Shimbun on May. 16, 2007)
Technological Cooperation Licensing-in (as of March 2008)
Partner | Technology | Period |
Hitachi Ltd. | Patent on LCD | Validity period of the patent |
Nichia Corporation | Patent on White LED | Validity period of the patent |
Technical Tie-up for Automotive Lights (as of March 2008)
Partner | Content | Term |
Thai Stanley electric Public Co., Ltd. (Thailand) | Technology related to automotive lamps | 31 Mar., 2009 |
SL Lighting Corporation (Korea) | Technology related to automotive lamps | 31 Mar., 2009 |
Prokia Technology Co., Ltd. (Taiwan) | Technology related to area light source | 31 Mar., 2009 |
Lumax Industries Ltd. (India) | Technology related to automotive lamps | 31 Mar., 2009 |
Investment Activities
Out of the total amount, the Company invested 18,957 million JPY in manufacturing facilities for the automotive business.
Plans for new production facilities (Automotive components)
Name |
Location | Planned total investment (million yen) | Start month and year | Planned completion |
Stanley Electric Co., Ltd. (Hatano Factory, etc. ) | Hatano City, Kanagawa Pref., etc. |
23,302 | Apr., 2007 | Mar., 2009 |
Stanley Niigata Works Co., Ltd. | Niigata City, Niigata Pref. |
1,741 | Oct., 2007 | Aug., 2009 |
Stanley Electric U.S. Co., Inc. | Ohio, U.S.A. | 2,187 | Jan., 2007 | Jan., 2009 |
Tian Jin Stanley Electric Co., Ltd. | Tianjin, China | 1,998 | Apr., 2007 | Mar., 2009 |
Guangzhou Stanley
Electric Co., Ltd. |
Guangzhou, China | 8,615 | Jan., 2008 | Apr., 2012 |