Yanagawa Seiki Co., Ltd. Business report FY2006
Business Highlights
Financial overview
| (In million yen) | FY2006 | FY2005 | Rate of Change(%) | Factors |
| Overall | ||||
| Sales | 134,623 | 125,061 | 7.6 | -Sales rose year-on-year, as its major customers increased the volume of products they manufactured. |
| Operating income | 4,435 | 3,427 | 29.4 | -Operating income went up from what it was last year, thanks to an improved sales-to-cost ratio. |
| Ordinary income | 4,111 | 3,058 | 34.4 | -Ordinary income and net income significantly increased year-on-year as a result of the Company's initiatives to enhance its operating base and reduce costs. |
| Net income | 2,674 | 1,080 | 147.6 | |
| Automotive parts division | ||||
| Sales | 101,775 | 95,759 | 6.3 | -Sales and income at the automotive parts business increased year-on-year, supported by greater production volume of manual transmission systems, engine parts, and suspension products. |
| Operating income | 2,921 | 2,577 | 13.3 | |
R&D
R&D structure
-The Company conducts its major R&D activities in line with developments being made at Honda Motor Co., Ltd. Also, in the area of aluminum die casting products, it works jointly with a motorcycle manufacturer based in the U.S.
Recent developments(Automotive products)
The focus of development activities is on the following:
-Transmission systems and transmission parts such as differential gear cases and high-strength aluminum die casting products.
Total amount of R&D expenditure during FY2006 was 261 million yen.
-The Company conducts its major R&D activities in line with developments being made at Honda Motor Co., Ltd. Also, in the area of aluminum die casting products, it works jointly with a motorcycle manufacturer based in the U.S.
Recent developments(Automotive products)
The focus of development activities is on the following:
-Transmission systems and transmission parts such as differential gear cases and high-strength aluminum die casting products.
Total amount of R&D expenditure during FY2006 was 261 million yen.
Investment Activities
-Capital spending in fiscal year 2006 totaled 8,682 million yen, of which 6,888 million yen was invested in the automotive parts division.
-In fiscal year 2007, the Company plans to invest 4,390 million yen in the domestic auto parts business, and another 3,073 million yen in the overseas auto parts business.
-In fiscal year 2007, the Company plans to invest 4,390 million yen in the domestic auto parts business, and another 3,073 million yen in the overseas auto parts business.
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