HARADA INDUSTRY CO., LTD. Business Report FY2009

Business Highlights

Financial Overview

(in millions of JPY)
  FY2009 FY2008 Rate of Change (%) Factors
Sales 17,802 21,752 (18.2) -
Operating income 346 (101) - -
Ordinary income 202 (255) - -
Net income (64) (766) - -
Automotive Components Division
Sales 17,112 20,758 (17.6) -Sales decreased due to a market slowdown in Europe and Japan as well as to negative foreign currency translation.
Operating income 405 34 1065.6 -Operating income increased as a result of streamlining efforts aiming at improving production efficiency at production facilities outside Japan, and promoting thorough cost reduction activities within the entire group.

Recent Developments Outside Japan

-The Company established Harada Asia-Pacific Ltd. in Thailand in April 2009.

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

Outlook for FY2010

(in millions of JPY)
FY2009 Year-on-year Fluctuation
Overall 19,500 17,802 1,698
-Automotive Components Division 18,545 17,112 1,433
Operating income 1,000 346 654
Ordinary income 900 202 698
Net income 670 (64) 734


Sales by Geographic Area

(in millions of JPY)
FY2009 Year-on-year Fluctuation
Japan 9,038 9,257 (219)
North America 5,735 5,087 648
Europe 1,530 923 607
Asia 2,960 2,346 614
Middle America 234 187 47


R&D Expenditure

(in millions of JPY)
  FY2009 FY2008 FY2007
Overall 852 1,051 1,250
Automotive Components Division 702 923 1,135

R&D Facilities

Radio wave measurement site Tokyo, Japan
Hanamaki (Test site) Iwate Pref., Japan
Harada Europe R&D Centre Kent, U.K.
Harada Industry of America, Inc. Michigan, USA

R&D Activities

Automotive antenna business
-In response to the developments towards digitization of TV and radio broadcasts around the world, the Company completed the development of a connector that has an ultra-compact amplifier designed for digital terrestrial broadcasting, a satellite radio antenna for North America, and a DAB antenna for Europe. It continuously mass-produces and supplies these products.

Next-generation automotive antenna business
-In response to growing needs from car makers for flat or integrated antennas, the Company began developing antennas for satellite radio receivers; and multi-function antenna systems for onboard, integrated telematics services.

Basic R&D activities
-The Company started to develop future antenna concepts. The Company conducted fundamental research and development in order to improve the performance of digital multi media reception; build an onboard LAN; and commercialize a compact composite antenna that enables high-capacity communication.

Developments aimed at environmental protection
-Leveraging its strength in making coaxial cables in-house, the Company completed the development of a light-weight coaxial cable. In addition, it continuously markets products that respond to automakers' efforts to improve fuel economy.

Investment Activities

Capital Expenditure

(in millions of JPY)
  FY2009 FY2008 FY2007
Overall 186 536 979
Automotive Components Division 176 517 939

-Capital investments for the Automotive Components Division were spent to strengthen the Company's production and R&D facilities.