LEAD Co., Inc. Business Report FY ended Mar. 2014

Business Highlights

Financial Overview

(in millions of JPY)
  FY ended Mar. 31, 2014 FY ended Mar. 31, 2013 Rate of Change (%) Factors
Overall
Sales 5,784 6,131 (8.4) -
Operating income (165) (348) - Losses incurred due to the following factors:
-A significant sales decrease at the automotive components division
-Huge expenses to outsource business because of a fire that occurred in a painting facility during the previous fiscal year
Ordinary income (160) (366) -
Current net income (111) (111) -
Automotive parts division
Sales 4,626 5,551 (16.7) -Sales fell due to a decrease in the number of product items the Company supplied to its customers after a model change.


Outlook for FY ending Mar. 31, 2014

(in millions of JPY)
  FY ending Mar. 31, 2015
(Forecast)
FY ended Mar. 31, 2014
(Actual Results)
Rate of Change
(%)
Sales 5,400 5,784 (6.6)
Operating income 30 (165) -
Ordinary income 20 (160) -
Net income 110 (111) -

R&D

R&D Expenditure

(in millions of JPY)
FY ended Mar. 31, 2014 FY ended Mar. 31, 2013 FY ended Mar. 31, 2012
Overall 31 31 34
Automotive Parts 4 1 3

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.

Investment Activities

Capital Expenditure

(in millions of JPY)
FY ended Mar. 31, 2014 FY ended Mar. 31, 2013 FY ended Mar. 31, 2012
Overall 1,266 737 451
Automotive parts 1,244 724 435

Planned Capital Investment

(As of Mar. 31, 2014)
Name
(Location)
Type of facility Planned investment amount
(in million yen)
From To Production capacity on completion
Head office plant
(Saitama Pref., Japan)
Plant and storage warehouse for automotive components 600 Aug.
2014
Feb.
2015
No significant change, as investment is mainly to reduce manpower and to streamline
Production equipment to manufacture automotive components
103 Apr.
2014
Mar.
2015
No significant change, as investment is mainly to reduce manpower and to streamline

Dies to produce automotive components

35 Apr.
2014
Mar.
2015
Dies to produce new products