The Lead Co., Inc. Business report FY2007

Business Highlights

Financial overview (in millions of JPY)
  FY2007 FY2006 Rate of Change (%) Factors
Sales 10,632 10,453 1.7 <Automotive parts division>
-In the second half of FY2007, as a result of vehicle model changes by the Company's main customers, orders the Company won in the Automotive parts sector increased, which pushed up sales for the full fiscal year by 1.4% year-on-year to 9,707 million yen.

<In-house products division>
-Sales decreased by 7.2% year-on-year to 713 million yen.

<Other divisions>
-Orders for bicycle parking facilities significantly increased in the second half of FY2007. Sales in divisions other than Automotive parts and In-house products divisions increased by 94.9% year-on-year to 211 million yen.
Ordinary income 20 235 (91.3) <Automotive parts division>
-Ordinary income decreased as a result of the increased production cost which resulted from the decrease in processing rate of newly ordered products, and  the increase in cost of production preparation and launch.  

<In-house products division>
-Ordinary income decreased as a result of sagging profits. This was caused by slumping sales amount and the Company's failing to pass the increased material price on to selling price.
Current net income (64) 71 - -Current net income decreased as a result of deferred income taxes and corporate tax for the previous fiscal year.


R&D Expenditure
-R&D expense for FY 2007 was 23 million yen.

Investment Activities

Investment Expenditure
Major capital investments for FY2007 were;
-872 million JPY for die related facilities to manufacture products for new orders received.
-407 million JPY for automotive parts related manufacturing facilities.

Main new facilities
Type of facility Planned investment amount
(million yen)
Start/ Planned completion Production capacity on completion
Head office plant
(Kumagaya-Shi, Saitama Pref., Japan)
Manufacturing facilities for auto parts 680 Apr. 2008/
Mar. 2009
No significant change, as investment is mainly to reduce manpower and to streamline
Die related facilities for auto parts 300 Apr. 2008/
Mar. 2009
Dies for new product manufacturing