Business Highlights

Financial Overview

(in millions of JPY)
  FY2009 FY2008 Rate of Change (%) Factors
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 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.