Nabtesco Corporation Business Report FY2007
Business Highlights
| Financial Overview | ( in millions of JPY ) |
| - | FY2007 | FY2006 | Rate of Change(%) | Factors |
| Overall | ||||
| Sales | 174,254 | 161,444 | 7.9 | - |
| Operating income | 19,429 | 16,427 | 18.3 | |
| Ordinary income | 20,061 | 16,869 | 18.9 | |
| Net income | 11,025 | 9,783 | 12.7 | |
| Transport Equipment Business (*Sales for unaffiliated customers) | ||||
| Sales* | 48,981 | 45,725 | 7.1 | see note below |
| Operating income | 6,060 | 5,493 | 10.3 | |
In automotive related area, demand for medium-duty trucks is on a decreasing trend because demand for new models which meet new emission regulations has slowed down and soaring oil price impacted the demand. However, sales remained almost unchanged from the previous year, thanks to increase in production volume outside Japan and sales volume of products for exported vehicles.
New Mid-term Business Plan "Global Challenge 2010"
<Target>
The Company aims to achieve consolidated sales of 210 billion yen, operating income of 26 billion yen, and net income of 15.5 billion yen by FY2009, which will end in March 2010.
Long Term Visions
<Target>
The Company aims to achieve sales of 260 billion yen and operating income of 36 billion yen by FY2013, which will end in March 2014.
R&D
| - | FY2007 | FY2006 | FY2005 |
| Overall | 4,080 | 4,023 | 3,635 |
| Transport Equipment | 1,201 | 1,028 | 824 |
Transport Equipment Business
-The main R&D achievements for the year ending March 2008 were the launch of electric vacuum pumps for commercial vehicles, and the revamping of brake systems and other equipment for commercial vehicles.
| Major technical partnership agreements | (as of March 2008) |
| Partner | Country | Items | Period |
| Knorr-Bremse Systeme fur Nutzfahrzeuge GmbH | Germany | Protection valves and hand brake valves | From February 1993 To September 2008 |
| MGM Breaks Division of Indian Head Industries Corp. | U.S.A. | Double diaphragm spring brake chamber and WPC spring chamber |
From September 2002 To September 2010 |
Investment Activities
| - | FY2007 | FY2006 | FY2005 |
| Group | 5,601 | 7,037 | 4,457 |
| Transport Equipment | 971 | 1,001 | 550 |
Transport Equipment Business
- Mainly in the automotive products business, the Company will make investments to strengthen its production capacity and rationalize production operations.