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TEITO RUBBER LTD. Business report FY2007
Business Highlights
| Financial overview | (in millions of JPY) |
| FY2007 | FY2006 | Rate of Change (%) | Factors | |
| Sales | 9,294 | 8,098 | 14.8 | -Sales increased as a result of the Company's efforts to work to receive new orders based on the steady performance of export as well as to increase sales to secondary customers and other industries while positioning the automotive industry as its core customer. |
| Operating income | 382 | 125 | 204.8 | -Operating income increased as a result of the Company's efforts in reducing initial costs, despite soaring materials prices due to changing market conditions. |
| Ordinary income | 316 | 84 | 275.0 | |
| Current net income | (183) | (1,024) | - | -Current net income stayed negative due to loss on sales of affiliates' stocks and posting of estimated product liability reserves. |
R&D
R&D Activities
Recent Developments
New products
Succeeded in developing the following products.
-Fuel hoses that reduce fuel-vapor permeation to zero.
-Water hoses which improve performance of fuel cells.
-Various hoses made from materials that do not contain environmentally harmful substances but at the same time retain existing performance levels.
Technical Alliances
Licensing-in (As of March 2008)
Licensing-out (As of March 2008)
Recent Developments
New products
Succeeded in developing the following products.
-Fuel hoses that reduce fuel-vapor permeation to zero.
-Water hoses which improve performance of fuel cells.
-Various hoses made from materials that do not contain environmentally harmful substances but at the same time retain existing performance levels.
Technical Alliances
Licensing-in (As of March 2008)
| Company name | Country | Technology | Contract period |
| Meiji Rubber & Chemical Co., Ltd. | Japan | Manufacturing technology for medium- and high-pressure hoses | Five years from Sep. 27, 1989 (Automatic renewal from then on) |
Licensing-out (As of March 2008)
| Company Name | Country | Contract | Contract period |
| Meiji Rubber Kasei | Japan | Licensing of patent rights for TS-type process heads and technologies concerning continuous processing of cloth reinforced rubber hoses (under TS method). | Five years from Sep. 27,1989 (Automatic renewal from then on) |
| Orion Rubber Mfg. | Philippines | Licensing of patent rights for TS-type process heads and technologies concerning continuous processing of cloth reinforced rubber hoses (under TS method), and technical partnership for manufacturing braided rubber hoses using the TBL method developed by the Company. | Five years from Feb. 27,1992 (Automatic renewal from then on) |
| Kasmina | Vietnam | Technologies for manufacturing single-layer rubber hoses. | One year from July 1,1998 (Automatic renewal from then on) |
| Technical assistance for outer braided/inner braided hoses. | One year from Mar. 30,2005 (Automatic renewal from then on) |
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| Technical assistance for spiral hoses. | Five year from Mar. 30, 2005 (Automatic renewal from then on) |
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| Indocarlo | Indonesia | Technical assistance for manufacturing of fuel hoses/breather hoses (single-layered/double-layered rubber hoses without braid reinforcement) for motorcycles and water hoses (braid-reinforced rubber hoses) for automobiles. | Seven year from Sep. 3,2004 (Automatic renewal from then on) |
| Technical assistance for manufacturing fuel hoses and master vacuum hoses for automobiles | Seven years from Sep. 30,2005 (Automatic renewal from then on) |
Investment Activities
Investment Expenditure
-In FY 2007, the Company's capital investments amounted to 170 million JPY, mainly to make facilities more efficient, to carry out maintenance and updating of facilities in a well planned manner, to deal with new vehicles, and to implement environmental safety measures.
Capital investment plan FY2008 ending March 2009
-The capital investment planned for FY2007 is 139million JPY
-Estimated amount of capital investment for FY2008 (in millions of yen)
-In FY 2007, the Company's capital investments amounted to 170 million JPY, mainly to make facilities more efficient, to carry out maintenance and updating of facilities in a well planned manner, to deal with new vehicles, and to implement environmental safety measures.
Capital investment plan FY2008 ending March 2009
-The capital investment planned for FY2007 is 139million JPY
-Estimated amount of capital investment for FY2008 (in millions of yen)
| Segment |
Estimated amount of investment |
| Rationalization | 19 |
| New technology and methods | 27 |
| Upgrading the main system | 20 |
| Cored bars and tools | 33 |
| Quality improvements/Others | 40 |
| Total | 139 |
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