HARADA INDUSTRY CO., LTD. Business Report FY2009
Business Highlights
Financial Overview |
(in millions of JPY) |
FY2009 | FY2008 | Rate of Change (%) | Factors | |
Overall | ||||
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
<Thailand>-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) |
FY2010 (forecast) |
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) |
FY2010 (forecast) |
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
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.