Ichitan Co., Ltd. Business report FY2008

Business Highlights

Financial Overview (in millions of JPY)
  FY2008 FY 2007 Rate of change (%) Factors
Overall
Sales 9,856 11,361 (13.2) -
Operating Income (347) 345 - -Income decreased due to an increase in depreciation costs, which resulted from investment in a 3800-ton pressing machine and soaring material prices.
Ordinary income (472) 264 - -
Current net income (534) 149 - -
Automotive components
Sales 9,326 10,731 (13.1) -

R&D

R&D Expenditure (in millions of JPY)
  FY2008 FY2007 FY2006
Overall 45 38 22

-Number of R&D staff: 20 people 


Research and Development Activities
-The Company tried to reduce production costs while improving quality by developing new products, technology and production methods.

-In order to improve the accuracy in forging processes and lower production costs, it also developed new technology to make precision forged products and toothed products that are formed through net-shaping technology. The Company developed and improved production methods using three-dimensional CAD and CAE, as well.

-The Company aggressively worked on responding to new needs from the automotive industry for applying advanced systems to improve fuel economy and environmental performance. As a result, it won new customers.

Activities in FY 2008 are as follows;
1. Development of automotive transmission components, of which the toothed parts are net-shaped by using hot and cold forging machines.
2. Development of technology to make precision toothed parts using net-shaping technology
3. Development of high-speed forging technology for long-axis extrusion forging products.
4. Development of manufacturing technology for near-net-shape forging products as a result of an evolution in cold forging.

Investment Activities

Capital investment (in millions of JPY)
  FY2008 FY2007 FY2006
Overall 1,113 933 555

-The Company invested in installation of associated facilities for the 3800-ton automated pressing machine, creation of a die holder for the 3800-ton pressing machine, and installation of a hanger-type shot blasting machine.

-Kyushu Ichitan renovated its billet shear, hammer, and other out-dated production facilities.


New Facilities
Company name
Business establishment
Type of facility Planned investment amount
(total)
(thousand JPY)
Construction start date  Completion  Production capacity upon completion
Ichitan
Head office/ Plant
(Gunma pref., Japan)
Forging facilities 101,000 2009.06 2010.03 Increased productivity
Kyushu Ichitan
Head office/ Plant
(Oita pref., Japan)
Forging facilities 90,500 2009.08 2010.02 Increased productivity
Daiichi Forging Dalian Co., Ltd.
Head office/ Plant
(Dalian, China)
Forging facilities 61,321 2009.10 2009.11 Increased productivity