Nabtesco Corporation Business Report FY2007

Business Highlights

Financial Overview ( in millions of JPY )
- FY2007 FY2006 Rate of Change(%) Factors
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"
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

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.


- 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.