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SAWAFUJI ELECTRIC CO., LTD. Business report FY2007
Business Highlights
| Financial overview | (in millions of JPY) |
| FY2007 | FY2006 | Rate of change(%) |
Factors | |
| Overall | ||||
| Sales | 37,984 | 35,310 | 7.6 | -Sales rose, thanks to sales increases in Asia, Europe, and Australia. This is despite decreases in Japan and North America. |
| Operating Profit | 1,310 | 918 | 42.6 | - |
| Ordinary income | 1,384 | 1,062 | 30.3 | - |
| Net income | 855 | 653 | 30.8 | - |
| Electrical Component Business | ||||
| Sales | 13,465 | 12,395 | 8.6 | -Demand in the domestic market decreased. Since 2003, there had been a continuous demand for new diesel vehicles which are compliant with the new stricter emission regulation, but most customers had replaced old models with new ones by the previous fiscal year. However, sales increased due to strong exports to Asia and other regions, as well as brisk sales throughout the fiscal year in the U.S.A. where production had started in the second half of the previous fiscal year. |
| Operating income | 794 | 890 | (10.7) | |
R&D
| R&D Expenditure | (in millions of JPY) |
| FY2007 | FY2006 | FY2005 | |
| Overall | 893 | 838 | 860 |
| Electrical Component | 418 | 418 | 460 |
R&D Activities
Electrical Components
-Currently developing small and light, and high-powered electrical components that are in compliance with new regulations on mid-to-large-sized diesel-powered vehicles.
Investment Activities
| Capital investment | (in millions of JPY) |
| FY2007 | FY2006 | FY2005 | |
| Investment Expenditure | 750 | 835 | 595 |
Plans for construction of new facilities (As of March 2008)
| Company/Office Name | Location | Expected Investment (millions of yen) |
Started | Completed |
| Nitta Factory | Ohta, Gunma Pref. |
623 | Apr.2008 | Mar.2009 |
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