Business Highlights

Financial Overview

(in millions of JPY)
  FY2010 FY2009 Rate of Change (%) Factors
Sales 26,056 21,647 20.4 -
Operating income 1,587 789 101.1 -
Ordinary income 1,545 770 100.6 -
Net income 872 516 69.0 -
Automotive Components
Sales 16,429 16,118 1.9 - In Japan, sales decreased year-on-year after the eco car incentive program ended in the third quarter.
- Sales overseas were buoyed by strong sales of compact vehicles in emerging markets especially in Asia, which offset the decrease in the domestic market.

>>>Financial Forecast for the Next Fiscal Year(Sales, Operating Income etc.)

Performance Forecast

(in millions of JPY)
Rate of Change (%)
Sales 26,000
Operating income
1,550 1,587 (2.3)
Ordinary income
1,550 1,545 0.3
Net income
850 872 (2.5)


R&D Activities

- Aiming to ensure the world's top-level product accuracy and cost efficiency in the area of connecting rods and gears, which are its major products, the Company made the most of the 3D design and analysis technology, energy saving production technology, as well as the 3D inspection technology. In order to achieve this, the Company's technical unit, production unit, and quality assurance unit are working closely with each other.

Licensing of Technology from Other Companies

(As of Mar. 31, 2011)

Partners Country Technology The term of a contract
PT Menara Terus Makmur Indonesia Manufacturing technology for forged products Oct. 1996 -
(Automatic renewal)

Investment Activities

Capital Expenditure

(in millions of JPY)
  FY2010 FY2009 FY2008
Overall 361
318 836

- The Company focused its investment activities on areas where long term growth can be expected, which contribute to a significant increase in sales and profitability. It also aimed to save labor costs and enhance operational efficiency.