Toyota Industries Corporation Business report FY2008
Business Highlights
Financial Overview | (in millions of JPY) |
FY2008 | FY2007 | Rate of change(%) | Factors | |
Overall | ||||
Sales | 1,584,252 | 2,000,536 | (20.8) | - |
Ordinary profit | 14,343 | 126,488 | (88.7) | - |
Net profit | (32,767) | 80,460 | - | - |
Automotive Division | ||||
Sales | 774,389 | 995,252 | (22.2) | 1) |
Operating profit | (11,504) | 41,518 | - | - |
1)
Automotive division performance by business
Automobiles
-Sales of Vitz, RAV4 and Mark X Zio all declined. Total sales was 378 billion 100 million yen, a 24% decrease year-on-year amounting to 122 billion yen.
Engines
-Sales of AD-type diesel engines, which are mainly mounted on RAV4, declined. Sales totaled 156 billion yen, a 12% decrease year-on-year, amounting to 22 billion 100 million yen.
Automotive air-conditioning compressors
-The Company's sales were affected by substantial decreases in production volume at automakers in Europe and Japan as well as in the USA Sales were 186 billion 300 million yen, a 26% decrease year-on-year amounting to 67 billion 200 million yen.
R&D
R&D Expenditure | (in millions of JPY) |
FY2008 | FY2007 | FY2006 | |
Overall | 33,646 | 36,750 | 34,548 |
Automobiles | 17,033 | 17,370 | 16,275 |
Main products and technological developments achieved during FY 2008, which ended on March 31, 2009
-DC-DC converters for hybrid vehicles and coolers for power control unit
-Plug-in devices for hybrid cars
-Electric compressors for hybrid vehicles which contribute to energy savings.
-Variable capacity compressors that automatically control cooling ability at an appropriate level according to the temperature and conditions of the engine.
-New clean-diesel engines
Investment Activities
Capital Expenditure | (in millions of JPY) |
FY2008 | FY2007 | FY2006 | |
Overall | 134,534 | 130,776 | 158,632 |
Automobiles | 52,842 | 43,541 | 57,179 |
Breakdown in Capital Expenditures by Major Automotive Division | (in millions of JPY) |
Unit: millions of yen | FY2008 |
The Company | 32,920 |
Tokyu Co., Ltd. | 5,475 |
Tokaiseiki Co., Ltd. | 4,802 |
Toyota Industry Automotive Parts (Kunshan) Co., Ltd. | 2,829 |
Iwama Loom Works, Ltd. | 1,620 |
TD Deutsche Klimakompressor GmbH | 1,520 |
Plan to enhance its production facilities for automotive diesel engines (DEs)
-According to the Company's plan, the Company expects to sell 580,000 units of DEs, a 13% increase from the previous fiscal year. The production facilities will be enhanced at the Hekinan plant located in Hekinan, Aichi prefecture, where DEs for industrial vehicles and automobiles are manufactured. The construction work will start in the latter half of this fiscal year. The Company plans to make a capital investment of 110 billion yen in fiscal 2008, a 5.6% increase from the performance of fiscal 2007, of which 60 billion yen will be allocated to the automotive business. The production facility enhancement for DE will be conducted as part of the capital investment plan. (From an article in the Nikkan Jidosha Shimbun on Apr. 30, 2008)
New Equipment Installment (Automotive Business)
Company/ Plant (Location) |
Equipment to be installed | Expected Investment (Millions of yen) | Started | Expected Completion |
Companies included in consolidated financial statement | ||||
Nagakusa Plant (Aichi Pref., Japan) |
Manufacturing facilities for compact cars | 6,000 | Apr., 2009 | Mar., 2010 |
Hekinan Plant (Aichi Pref., Japan) |
Manufacturing facilities for gasoline and diesel engines | 2,500 | Apr., 2009 | Mar., 2010 |
Kyowa Plant (Aichi Pref., Japan) |
Manufacturing facilities for in-vehicle electronic devices,Manufacturing facilities for diesel engines, Manufacturing facilities for automotive press dies | 1,726 | Apr., 2009 | Mar., 2010 |
Kariya Plant (Aichi Pref., Japan) |
Manufacturing facilities for automobile air-conditioner compressors, Manufacturing facilities for textile machinery | 1,300 | Apr., 2009 | Mar., 2010 |
Higashichita Plant (Aichi Pref., Japan) |
Manufacturing facilities for casting products used in engines; Manufacturing facilities for diesel engines | 1,000 | Apr., 2009 | Mar., 2010 |
Obu Plant (Aichi Pref., Japan) |
Manufacturing facilities for compressor components for automobile air-conditioners | 950 | Apr., 2009 | Mar., 2010 |
Anjo Plant (Aichi Pref., Japan) |
Manufacturing facilities for in-vehicle electronic devices | 567 | Apr., 2009 | Mar., 2010 |
Higashiura Plant (Aichi Pref., Japan) |
Manufacturing facilities for compressor components used in automobile air-conditioners | 250 | Apr., 2009 | Mar., 2010 |
Domestic subsidiaries | ||||
Toyota Industry Automotive Parts (Kunshan)
Co., Ltd. (Jiangsu, China) |
Manufacturing facilities for casting products used in engines | 2,653 | Jan., 2009 | Dec., 2009 |