Yasunaga - Business Report FY2008
|Financial Overview||(in million JPY)|
|FY2008||FY2007||Rate of Change
|Sales||34,070||39,207||(13.1)||Affected by a sharp decline in production volume due to substantial reduction of production by automakers, sales and income decreased despite the Company's efforts to reduce labor and general costs and to ensure profits.|
|Engine components business|
|Sales||23,551||28,792||(18.2)||While the Company selected strategic products such as connecting rods, cylinder heads and cylinder blocks and continued to focus on these, sales substantially decreased due to automaker's decreased production in response to a sharp drop in demand.|
-The Company revealed its second mid-term business plan, which begins from April 2008 and ends in March 2011.
(ended in Mar. 2011)
|Sales||50 billion yen|
|Operating income||4 billion yen|
|Profit margin||About 8%|
(Return on equity)
|13% or more|
|Equity capital ratio||40% or more|
|R&D Expense||(in million JPY)|
|Engine components business||2||-||-|
|Capital Expenditure||(in million JPY)|
|Engine components business||2,648||1,202||2,514|
Capital investment (Engine components business - fiscal year ended March 2009)
-The Company invested 1 billion 440 million yen in machinery and equipment, tools, fixings and parts at its Headquarters Plant, Nabari Plant, Casting Plant and Yume Polis Plant with the primary objectives of rationalization, labor saving and quality improvement of production facilities.
-The Company invested 1 billion 171 million yen in facilities including machinery and equipment at its consolidated subsidiary, P.T. Yasunaga Indonesia, mainly in order to respond to new orders received.
New facilities (Engine components business related)
|Purpose|| Planned total investment
|Start||Planned completion||Increased capacity upon completion|
(Mie Pref., Japan)
|To acquire, renew and renovate buildings||130||Sep.
|Yume Polis Plant
(Mie Pref., Japan)
|To acquire, remodel, and refurbish machinery||786|| Jun.
|44% increase in production capacity|