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Univance Corporation Business Report FY2008
Business Highlights
| Financial Overview | (in millions of JPY) |
| FY2008 | FY2007 | Rate of Change (%) |
Factors | |
| Overall | ||||
| Sales | 60,945 | 77,843 | (21.7) | -Sales of industrial machinery increased; however, sales of the Company's main product line, transmissions, especially manual transmissions used in commercials vehicles, and transfer cases used in large-sized pickup trucks sold in North America, decreased. As a result, overall sales decreased. |
| Operating income | (1,691) | 2,690 | - | - |
| Ordinary income | (1,522) | 2,758 | - | - |
| Net income | (5,592) | 1,366 | - | - |
| Manual Transmission Division | ||||
| Sales | 6,575 | 8,214 | (20.0) | -Due to the economic slowdown that started in October 2008, sales of manual transmissions for SUVs and commercial vehicles drastically declined. |
| Operating income | (313) | 292 | - | - |
| 4-wheel drive systems Division | ||||
| Sales | 15,438 | 25,984 | (40.6) | -In North America, since October 2008, sales of transfer cases for SUVs and large-sized pickup trucks significantly decreased. |
| Operating income | (1,378) | 1,093 | - | - |
| Automobile parts Division | ||||
| Sales | 30,320 | 35,818 | (15.3) | -Sales decreased as a result of automakers cutting their production volume in response to the economic slump in the entire automotive industry since October 2008. |
| Operating income | (608) | 731 | - | - |
R&D
| R&D Expenditure | (in millions of JPY) |
| FY2008 | FY2007 | FY2006 | |
| Overall | 1,536 | 2,061 | 2,134 |
| Ratio in total sales | 2.5% | 2.6% | 2.8% |
R&D Structure
-As of Mar. 31, 2009 the number of overall R&D staff is 176, approximately 10.8% of employees within the Group.
R&D Activities
Manual Transmissions
-The Company's main products are transmissions used in SUVs and small- and mid-sized commercial vehicles. In its R&D activities in this area, the Company is working to solve environmental problems such as CO2 emissions and working to find ways to reduce manual operations by drivers.
-The Company strengthened its R&D activities on speed reducers for hybrid and electric vehicles.
4-Wheel Drive Systems
-The Company is conducing R&D activities involving its main product line, transmissions, by focusing on transmissions for small-sized pickup trucks. It intends to develop a complete product lineup of these transmissions that will offer greater commercial appeal.
-The Company is conducting R&D activities on environmentally friendly, 4-wheel drive systems for front-drive 4WD vehicles, making use of its proprietary technology gained from its past experiences in working on transmissions.
-The Company also developed and started production of differential gear carriers for ATVs, making use of its 4WD technology.
Automobile Parts
-The Company is conducing R&D activities on VAs, utilizing its strength in production technology and expertise as a manufacture of unit-based products.
-The Company undertook R&D activities to improve the commercial appeal of one-way clutches that use its proprietary technology.
Investment Activities
| Capital Investment | (in millions of JPY) |
| FY2008 | FY2007 | FY2006 | |
| Overall | 2,793 | 2,775 | 4,985 |
| Manual Transmissions | 320 | 135 | 555 |
| 4-Wheel Drive Systems | 326 | 1,094 | 800 |
| Automobile parts | 977 | 1,277 | 3,346 |
-Capital investment was made mainly to streamline, maintain and upgrade its facilities.
Plan for Installing New Facilities (As of Mar. 2009)
| Segment | Planned amount (in millions of JPY) | Details and objectives |
| Overall | 1,585 | - |
| Manual Transmission | 156 | Streamline, maintain and upgrade facilities |
| 4-Wheel Drive Systems | 927 | Streamline, maintain and upgrade facilities |
| Automobile parts | 330 | Streamline, maintain and upgrade facilities |
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