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METALART CORPORATION Business report FY2008
Business Highlights
| Financial Overview | (in millions of JPY) |
| FY2008 | FY2007 | Rate of Change (%) | Factors | |
| Sales | 27,818 | 27,385 | 1.6 | -As a result of substantial adjustments to production volumes by customers, orders for the Company's products dramatically decreased from the second half of November 2008. While gross turnover slightly increased, this was the result of increased steel prices being passed on to customers as higher product selling prices in the 2008 fiscal year that ended in March 2009. The shipping volume itself actually decreased. |
| Operating income | 466 | 1,319 | (64.6) | -Despite the Company's efforts to reduce cost, including labor costs by reviewing its operational framework, income decreased due to a greater-than-expected dramatic decrease in orders. |
| Ordinary income | 447 | 1,252 | (64.2) | |
| Net income | (33) | 720 | - | - |
R&D
R&D Activities
-The Company conducts development activities aiming to further reduce the costs and weights of its products manufactured at its CVT sheave (pulley component) processing plant, which started operations in March 2008.
Licensing of Technology from Other Companies (As of Mar. 2009)
-The Company conducts development activities aiming to further reduce the costs and weights of its products manufactured at its CVT sheave (pulley component) processing plant, which started operations in March 2008.
Licensing of Technology from Other Companies (As of Mar. 2009)
| Partners | Country | Technology | The term of a contract |
| Bharat Forge Ltd. | India | Manufacturing technology for forged products |
Nov. 2003 - Oct. 2009 |
| PT Menara Terus Makmur | Indonesia | Manufacturing technology for forged products |
Oct. 1996 - (Automatic renewal) |
Investment Activities
Capital Investment
-In the 2008 fiscal year that ended in March 2009, the Company invested 836 million yen, focusing on establishing a new die manufacturing plant at Metal Forge, updating a hammer press, and maintaining and updating the Group's facilities.
-In the 2008 fiscal year that ended in March 2009, the Company invested 836 million yen, focusing on establishing a new die manufacturing plant at Metal Forge, updating a hammer press, and maintaining and updating the Group's facilities.
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