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METALART CORPORATION Business Report FY2009
Business Highlights
Financial Overview |
(in millions of JPY) |
| FY2009 | FY2008 | Rate of Change (%) | Factors | |
| Overall | ||||
| Sales | 21,647 | 27,818 | (22.2) | - |
| Operating income | 789 | 466 | 69.3 | - |
| Ordinary income | 770 | 447 | 72.3 | - |
| Net income | 516 | (33) | - | - |
| Automotive Components | ||||
| Sales | 16,118 | 16,028 | 0.6 | -Government-initiated incentive programs in Japan and other countries, as well as brisk sales of eco-cars and compact vehicles in emerging markets mainly in Asia made a positive impact on sales. |
>>>Financial Forecast for the Next Fiscal Year(Sales, Operating Income etc.)
R&D
R&D Activities
-For production of core components like a sheave of a CVT （Continuously Variable Transmission) and hybrid systems, the Company is conducting comprehensive manufacturing process from forging to machining in an attempt to elevate efficiency and lower costs in manufacturing.-For production of key components such as connecting rods and cranks, the Company, leveraging its technological expertise it has nurtured from 3-D designing and strength/molding analysis, makes presentations to customers for manufacturing solutions with an eye on environmentally friendly products. It is also aggressive in joint development programs in the form of design-in or concurrent engineering process.
-For forging gears, the Company is engaged in developing components and enhancing precision in products.
Licensing of Technology from Other Companies
(As of Mar. 31, 2010)
| Partners | Country | Technology | The term of a contract |
| Bharat Forge Ltd. | India | Manufacturing technology for forged products | Nov. 2003 - Mar. 2010 |
| PT Menara Terus Makmur | Indonesia | Manufacturing technology for forged products | Oct. 1996 - (Automatic renewal) |
Investment Activities
Capital Expenditure |
(in millions of JPY) |
| FY2009 | FY2008 | FY2007 | |
| Overall | 318 | 836 | 377 |
-Stamping machines were renewed at the subsidiary Metalforge. Capital investments were made primarily in maintenance and renewal of equipment at other facilities in the group.
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