I Metal Technology Co., Ltd. Business Report FY2010

Business Highlights

Financial Overview

(in millions of JPY)
  FY2010 FY2009 Rate of Change (%) Factors
Sales 46,391 30,791 50.7 -
Operating income 2,022 (1,345) - -
Ordinary income 1,750 (1,692) - -
Net income 671 (1,497) - -


R&D Expenditure

(in millions of JPY)
  FY2010 FY2009 FY2008
Overall  357 342 396

R&D Structure

-The Company has technical center in Tsuchiura City, Ibaraki Prefecture and Kitakami City, Iwate Prefecture. 

Investment Activities

Capital Investment

(in millions of JPY)
  FY2010 FY2009 FY2008
Overall  Approx. 2,400 Approx. 1,000 Approx. 8,900

Investments in Japan

Kita Ibaraki No.2 materials process plant
-A second materials process plant was completed in Kita Ibaraki City, Ibaraki Prefecture, which will increase the Company's capacity to produce casting products and improve production efficiency. The Company invested 1,148 million yen in the project.

Reorganizing parts facility
-The Ayase Plant was closed down and its equipment was transferred to the Tsuchiura Factory. The Ayase Plant's closure was part of the Company's restructuring plans that aim at achieving greater business efficiency. The company invested 186 million yen in the project.

Other investments
-The Company invested a total of 1,066 million yen mainly in renovating its casting equipment and enhancing processing facilities.