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I Metal Technology Co., Ltd. Business report FY2008
Business Highlights
| Financial Overview | (in millions of JPY) |
| FY2008 | FY2007 | Rate of Change (%) | Factors | |
| Sales | 48,800 | 55,794 | (12.5) | - |
| Operating income | 573 | 2,760 | (79.2) | -While the Company worked to substantially reduce fixed expenses, profit decreased because the Company could not make up for a decline in income caused by sudden and significant decrease in demand. |
| Ordinary income | 168 | 2,588 | (93.5) | |
| Net income | (1,549) | 1,005 | - | - |
Business in Japan
-The Company constructed Kitakami Area Technical Center in Kitakami city, Iwate prefecture.
-The Company constructed Kita Ibaraki Plant No.2 for formed and fabricated materials in Kita Ibaraki city, Ibaraki prefecture.
R&D
| R&D Expenditure | (in millions of JPY) |
| FY2008 | FY2007 | FY2006 | |
| R&D Expenditure | 396 | 351 | 302 |
R&D Structure
-At its Kitakami Area Technical Center, the Company conducted R&D activities by introducing state-of-the-art facilities for developing materials and conducting functionality evaluation testing for higher-output diesel engine components.
-In Tsuchiura area, the Company conducted R&D activities for vehicles and construction machinery components.
Investment Activities
| Capital Investment | (in millions of JPY) |
| FY2008 | FY2007 | FY2006 | |
| Capital Expenditure | Approx. 8,900 | Approx. 4,200 | Approx. 2,800 |
Investments in Japan
Kitakami Area Technical Center
-The Company constructed Kitakami Area Technical Center in Kitakami city, Iwate prefecture, with a total investment of 1 billion 33 million yen. The technical center provide state-of-the-art facilities for developing materials and conducting functionality evaluation testing for higher-output diesel engine components.
Kita Ibaraki Plant No.2 for formed and fabricated materials
-The Company constructed Kita Ibaraki Plant No.2 for formed and fabricated materials in Kita Ibaraki city, Ibaraki prefecture, to reinforce capacity for casting production and to streamline production, with a total investment of 4 billion 189 million yen.
Other investments
-The Company invested a total of 3 billion 761 million yen mainly in renovating its casting equipment and enhancing processing facilities.
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