[Gen-AI Analysis] HARADA INDUSTRY CO., LTD. Business Report FY2009 - MarkLines Automotive Information & Gen-AI Platform

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.