Metalart Corporation Business Report FY2012
Business Highlights
Financial Overview |
(in millions of JPY) |
FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | Rate of Change (%) |
Factors | |
Overall | ||||
Sales | 28,343 | 26,056 | 8.8 | - |
Operating income | 1,879 | 1,587 | 18.4 | -Performance improved year-on-year due to increased sales and successful cost-cutting measures. |
Ordinary income | 1,917 | 1,545 | 24.1 | - |
Net income | 966 | 872 | 10.8 | - |
Automotive Components | ||||
Sales | 17,364 | 16,429 | 5.7 | -In Japan, operations were negatively affected by the Great East Japan Earthquake and the flooding in Thailand. Nevertheless, along with an economic recovery, eco-car sales-incentive programs were reintroduced in December, which helped the Company's financial performance. -Performance outside Japan, mainly in developing countries in Asia, improved year-on-year as the result of winning much more new business due to the strong sales of compact cars, as well as to new business for multi-purpose vehicles (MPVs) destined for sale in resource-rich countries. |
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
Outlook for FY ending Mar. 31, 2013 |
(in millions of JPY) |
FY ending Mar. 31, 2013 (Estimate) |
FY ended Mar. 31, 2012 (Result) |
Rate of Change (%) |
|
Sales | 26,500 | 28,343 | (6.5) |
Operating income | 1,450 | 1,879 | (22.8) |
Ordinary income | 1,480 | 1,917 | (22.8) |
Net income | 890 | 966 | (7.9) |
R&D
R&D Activities
-Based on a new production method, the Company successfully reduced six processes that were needed after the forging process to complete the production of shafts. This was made possible by combining hot-forming and cold-forming processes to make a single-unit shaft, which is a part that conventionally was built by welding two parts together. As a result, the Company achieved a net-shape ratio of 15%, which is the percentage of finished product to the mass of structural material (steel) used in forging. In addition, this new method achieved a cost-reduction of 20%.
Technology Licensing-out Agreement |
(As of Mar. 31, 2012) |
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) |
FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | FY ended Mar. 31, 2010 | |
Overall | 1,287 | 361 | 318 |
-The Company invested mainly in the second machining line at MetalTex's Mizuguchi Plant, which was installed to produce components for CVT transmissions.