Fukoku Co., Ltd. Business Report FY2009
Business Highlights
Financial Overview |
(in millions of JPY) |
| FY2009 | FY2008 | Rate of Change (%) | Factors | |
| Overall | ||||
| Sales | 39,476 | 52,024 | (24.1) | - |
| Operating income | 2,116 | 373 | 466.0 | -Income improved, as the Company took emergency measures and reduced both variable and fixed costs. |
| Ordinary income | 2,112 | 57 | 3,585.0 | |
| Current net income | 2,030 | (1,976) | - | |
| Industrial rubber products | ||||
| Sales | 35,611 | 43,790 | (18.7) |
-Sales werelower year-on-year, as orders mainly for brakeparts, seals, andproducts made ofanti-vibration rubber declined. |
| Operating income | 2,453 | 344 | 612.5 | - |
Supply Agreements
-The following are major supply agreements in 2009.| Product | Customer | Status |
| Isolation pulleys for passenger cars | Car makers in Japan | Commercial production started |
| Dumper pulleys for passenger cars | Car makers in Japan | Commercial production started |
| Viscous dampers for commercial vehicles | Car makers in Japan | Commercial production started |
| Seals made of fluorine-containing rubber for fuel systems | Major parts makers in Japan | Decision made to launch mass-production |
| Brake parts for hybrid vehicles | Major parts makers in Japan | Decision made to launch mass-production |
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
R&D
R&D Expenditure |
(in millions of JPY) |
| FY2009 | FY2008 | FY2007 | |
| Overall | 1,128 | 837 | 897 |
Licensing of Technology to Other Companies
(As of Mar. 31, 2010)
| Partner | Contract | Validity |
| Rood (U.S.A.) | Design and manufacturing technology of torsion bushings and surface effects | From October 23, 2001 to October 23, 2011 |
| C.F. Gomma S.p.A | Design and manufacturing technology for air springs | From July 2, 2003 to July 1, 2013 |
Licensing of Technology from Other Companies
(As of Mar. 31, 2010)
| Partner | Contract | Validity |
| Rood (U.S.A.) | manufacturing technology of viscous mounts | From October 23, 2001 to October 23, 2011 |
| C.F. Gomma S.p.A. (Italy) | Manufacturing technology of CVJ boots | From December 1, 2002 to November 30, 2012 |
Investment Activities
Capital Expenditure |
(in millions of JPY) |
| FY2009 | FY2008 | FY2007 | |
| Overall | 1,376 | 3,241 | 4,038 |
| Industrial Rubber Business | 1,263 | 2,883 | 3,671 |
Industrial Rubber Business
-The Company made capital investments mainly to rationalize and maintain facilities in good condition.
Planned Capital Investments
(As of Mar. 31, 2010)
| Company Office |
Purpose | Estimated amount of investment (million JPY) | From | To |
| Gunma No.2 Plant | Installing facilities for manufacturing industrial rubber products | 120 |
Apr. 2010 |
May, 2010 |
| Fukoku Korea Co., Ltd. Boryeong Plant |
Constructing a new plant building | 710 |
Feb. 2010 |
Oct. 2010 |
| Tomihara Tech Co., Ltd. | Acquiring land | 164 | - |
May, 2010 |