Sawafuji Electric Co., Ltd. Business report FY2008

Business Highlights

Financial Overview (in millions of JPY)
  FY2008 FY2007 Rate of
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 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)
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