SAWAFUJI ELECTRIC CO., LTD. Business report FY2007

Business Highlights

Financial overview (in millions of JPY)
  FY2007 FY2006 Rate of
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 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