Chuo Malleable Iron Co., Ltd. Business Report FY ended Mar. 2014
Business Highlights
Financial Overview |
(in million JPY) |
| FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | Rate of change (%) |
Factors | |
| Overall | ||||
| Sales | 22,381 | 21,452 | 4.3 | - |
| Operating income | 295 | 606 | (51.3) | - |
| Ordinary income | 985 | 1,046 | (5.8) | - |
| Current net income | 673 | 683 | (1.5) | - |
| Die-casting Business |
||||
| Sales | 21,617 | 20,807 | 3.9 | -Sales increased year-on-year due to the strong economic situation in North American market and favorable currency translation resulting from the low evaluation of the yen. |
| Operating income | 1,204 | 1,526 | (21.1) | - |
Outlook for FY ending Mar. 31, 2015 |
(in million JPY) |
| FY ending Mar. 31, 2015 (Forecast) |
FY ended Mar. 31, 2014 (Actual Results) |
Rate of change (%) |
|
| Sales | 22,400 | 22,381 | 0.1 |
| Operating income | 570 | 295 | 93.2 |
| Ordinary income | 1,100 | 985 | 11.7 |
| Net income | 800 | 673 | 18.9 |
R&D
R&D Expenditure |
(in million JPY) |
| FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | |
| Overall | 34 | 20 | 15 |
| -Die-casting Business | 19 | 5 | 1 |
R&D Structure
Die-casting Business-R&D activities are conducted by the Technical-Control functions.
-Taking environmental concerns into consideration, the Company is actively working to raise the yield or ratio of recyclable materials, emphasizing the creation of market innovations based on developmental technology.
Investment Activities
Capital Expenditure |
(in million JPY) |
| FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | |
| Overall | 1,104 | 2,617 | 1,330 |
| -Die-casting Business | 1,098 | 2,584 | 1,329 |
Die-casting Business
-Capital investments during FY ended Mar. 2014 were focused on the following projects:
- Maintenance and up-keep of existing facilities
- Rationalization and renewal of production facilities
Planned Capital Investments |
(As of Mar. 31, 2014) |
| Company/ Facility (Location) |
Equipment | Planned amount of investment (in million JPY) | Project period | Capacity increase | |
| From | To | ||||
| The Company Nissin Plant (Aichi, Japan) |
Die-casting equipment | 458 | Mar. 2014 |
Mar. 2015 |
*1 |
| Processing equipment | 671 | Mar. 2014 |
Mar. 2015 |
*1 | |
| The Company Kumamoto Plant (Kumamoto, Japan) |
Processing equipment | 387 | Mar. 2014 |
Mar. 2015 |
*1 |
| Toki Malleable Iron Co., Ltd. (Gifu, Japan) |
Die-casting equipment | 84 | Apr. 2014 |
Mar. 2015 |
*1 |
| Suzhou Chuo Malleable Iron Co., Ltd. (Suzhou, China) |
Die-casting equipment | 207 | Jan. 2014 |
Dec. 2014 |
*1 |