Sawafuji Electric Co., Ltd. Business report FY2008
Business Highlights
| Financial Overview | (in millions of JPY) |
| FY2008 | FY2007 | Rate of change(%) |
Factors | |
| Overall | ||||
| Sales | 34,731 | 37,984 | (8.6) | -Despite the Company's taking emergency measures such as reducing investments and costs based on reconsideration of their priority, sales and income decreased because of the worldwide drop in product demand which became prominent in the third and fourth quarters; and because of negative currency fluctuation based on the strong yen. |
| Operating Profit | (125) | 1,310 | - | |
| Ordinary income | (169) | 1,384 | - | |
| Net income | (1,670) | 855 | - | |
| Electrical Component Business | ||||
| Sales | 11,120 | 13,465 | (17.4) | -Sales in the USA remained sluggish throughout the year. -While sales of truck electrical components for Asia was strong in the first half of the year, sales and income decreased substantially due to the overall drop in product demand worldwide in the second half of the year and onward. |
| Operating income | 286 | 794 | (64.0) | |
R&D
| R&D Expenditure | (in millions of JPY) |
| FY2008 | FY2007 | FY2006 | |
| Overall | 923 | 893 | 838 |
| Electrical Component | 374 | 418 | 418 |
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) |
| FY2008 | FY2007 | FY2006 | |
| Investment Expenditure | 1,024 | 750 | 835 |
-The Company made capital investments, focusing on strengthening the production capacity of the electrical components business.
Plans for Construction of New Facilities (As of Mar. 2009)
| Company/ Office Name |
Location | Facilities | Expected Investment (millions of yen) |
Started | Completed |
| Nitta Factory | Ota City, Gunma Pref. |
Manufacturing facilities for electrical components | 157 | Apr.2009 | Mar.2010 |