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  5. Riken Corporation Business Report FY2009

Riken Corporation Business Report FY2009

Business Highlights

Financial Overview

(in millions of JPY)
  FY2009 FY2008 Rate of Change(%) Factors
Overall
Sales 66,476 80,909 (17.8) -
Operating income 2,009 245 720.0 -
Ordinary income 4,002 482 730.3 -
Current net income 2,322 (1,118) - -
Automotive/Industrial Machinery Component Division
(excludes transactions among divisions)
Sales 54,801 67,627 (19.0) -Orders declined because vehicle production had not yet been fully recovered.
Operating income 730 (1,377) - -

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

R&D

R&D Expenditure

(in millions of JPY)
  FY2009 FY2008 FY2007
Group 1,086 1,542 1,576
Automotive/Industrial Machinery Component 765 1,168 1,393

R&D Structure

-The R&D Division, Ring Technology Development Division, and Product Development and Engineering Technology sections under each manufacturing division, are in charge of the Company's R&D activities.

-The Next-Generation Product Planning Division inaugurated its planning activities with the aim of creating new products in areas with high growth potential such as hybrid and electric vehicles.

R&D Activities

-Automotive/Industrial Machinery Component
1. Low friction and long-lasting gasoline-engine piston rings that lower fuel consumption
2. Diesel engine piston rings to meet requirements for low fuel consumption and emission regulations.
3. Valve parts, transmission sealing rings
4. Various surface treatment technology that enables a high degree of high sliding performance
5. Light- weight and high-strength chassis parts

Licensing of technology to other companies

(As of Mar. 31, 2010)

Company name Country Contract Contract date Contract period
Taiwan Riken Ind. Co., Ltd. Taiwan Manufacturing methods for various forged steel engine components such as piston rings, cylinder liners, blocks and pistons Aug. 22, 2005 Terms for extending the agreement are subject to negotiation
Siam Riken Ind. Co., Ltd. Thailand Manufacturing methods for piston rings and other forged steel engine components Apr. 19, 2009 5 years
P. T. Pakarti Riken Indonesia Indonesia Manufacturing methods for joint and forged parts Jan. 1, 2006 5 years
Shriram Pistons & Rings Ltd. India Manufacturing methods for piston rings Mar. 1, 2007 7 years
Allied Ring Corp. USA Manufacturing methods for piston rings Sep. 1, 1989 5 years
Grede Foundries, Inc. USA Manufacturing methods for ductile forged components Jul. 17, 2005 by July 16, 2007
Manufacturing methods for lower control arm Jul. 23, 2001 8 years from the start of delivery of mass produced products
Manufacturing methods for Sheet parts Sep. 16, 2003 8 years from the start of delivery of mass produced products
Korea Piston Ring Inc. Korea Manufacturing methods for piston rings Mar. 1, 2010 5 years
Xiamen Riken Ind. Co., Ltd. China Manufacturing methods for piston rings Aug. 1, 1999 by July 31, 2010
Manufacturing methods for camshafts Oct. 1, 2004 by Sep. 30, 2010
Riken Automobile Parts (Wuhan) Co., Ltd. China Manufacturing methods for piston rings, seal rings, valves and other cast iron products. Mar. 1, 2005 10 years

Investment Activities

Capital Expenditure

(in millions of JPY)
  FY2009 FY2008 FY2007
Group 2,620 6,292 7,208
Automotive/Industrial Machinery Component 2,326 5,469 6,334

Automotive/Industrial Machinery Component Division
-Investments were made in equipment for research and development related to engine testing and for increasing production of valve lifters.

Planned Capital Investment

(As of Mar. 31, 2010)

Company
Office
(Location)
 Purpose Planned investment amount (in millions of JPY) Starting Estimated completion Production capacity increase upon completion
New addition
Kashiwazaki Plant
(Niigata Prefecture, Japan)		 Installing production facilities for making piston rings 450 Apr. 2010 Oct. 2011 No effect on production capacity
P. T. Pakarti Riken Indonesia Head office plant (Surabaya, Indonesia) Installing new equipment to produce auto parts 620 Apr. 2010 Oct. 2011 Production capacity increased by 25%
Refurbishment
Kashiwazaki Plant
(Niigata Prefecture, Japan)		 Installing production equipment to manufacture piston rings and other automotive components 250 Apr. 2010 Oct. 2011 No effect on production capacity
P. T. Pakarti Riken Indonesia Head office plant (Surabaya, Indonesia) Installing new equipment to produce auto parts 300 Apr. 2010 Oct. 2011 No effect on production capacity

MarkLines Customer Support

9:00 a.m. - 5:30 p.m. Mon.-Fri. (excluding national holidays)
japan Japan
Roppongi, Minato-ku, Tokyo, Japan
+81-3-4241-3907
USA USA
Novi, Michigan, USA
+1-248-327-6987
MEX Mexico
León Guanajuato, Mexico
+52-477-796-0560
DEU Germany
Frankfurt am Main, Germany
+49-69–904-3870-0
CHN China (Shanghai)
Huangpu District, Shanghai, China
+86-21-6212-6562
infoshanghai@marklines.com
CHN China (Shenzhen)
Nanshan District, Shenzhen, Guangdong
+86-755-2267-1725
THA Thailand
Klongtoey, Bangkok, Thailand
+66-2-665-2840
IND India
Gurgaon, Haryana, India
+91-124-4048779