LEAD Co., Inc. 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 8,284 9,223 (10.2) -Sales significantly fell during the first half of the year because of the Great East Japan Earthquake.
Operating income (159) (12) - -Sales of proprietary products, which are a very profitable revenue source for the Company, fell short of the targets that the Company had set.
Ordinary income (128) 34 - -
Current net income (224) (187) - -
Automotive parts division
Sales 7,581 8,465 (10.4) -There was a considerable amount of lost production due to preparations needed to start production in response to model changes and new service parts.



Outlook for FY ending Mar. 31, 2013

(in millions of JPY)
  FY ending Mar. 31, 2013
(Forecast)
FY ended Mar. 31, 2012
(Actual Result)
Rate of change
(%)
Sales 6,800 8,284 (17.9)
Operating income 10 (159) -
Ordinary income 20 (128) -
Net income 0 (224) -

R&D

R&D Expenditure

(in millions of JPY)
  FY ended Mar. 31, 2012 FY ended Mar. 31, 2011 FY ended Mar. 31, 2010
Overall 34 47 17
Automotive Parts 3 10 -

Automotive parts division
- The exterior parts division is working on developing low-cost, lightweight, high-quality and innovative products by presenting its products and technologies to its customers from the initial stage of development, proposing drastic design changes, and developing new materials and production methods.
- The Company is conducting development activities in new areas in collaboration with its customers.
- The Company aims to shorten development lead-time, reduce development cost, and improve quality and productivity.

Investment Activities

Capital Expenditure

(in millions of JPY)
  FY ended Mar. 31, 2012 FY ended Mar. 31, 2011 FY ended Mar. 31, 2010
Overall 451 183 -
Automotive parts 435 140 51

Planned Capital Investment

(As of Mar. 31, 2012)
Name
(Location)
Type of facility Planned investment amount
(in million yen)
From To Production capacity on completion
Head office plant
(Saitama Pref., Japan)
Manufacturing facilities for auto parts 170 Nov.
2011
Mar.
2013
No significant change, as investment is mainly to reduce manpower and to streamline
Die related facilities for auto parts 30 Apr.
2012
Mar.
2013
Dies for new product manufacturing