Sawafuji Electric Co., Ltd. Business report FY2008
|Financial Overview||(in millions of JPY)|
|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.|
|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.
|R&D Expenditure||(in millions of JPY)|
-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.
|Capital Investment||(in millions of JPY)|
-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)
(millions of yen)
|Nitta Factory|| Ota City,
|Manufacturing facilities for electrical components||157||Apr.2009||Mar.2010|