Sawafuji Electric Co., Ltd. Business Report FY ended Mar. 2014
Business Highlights
Financial Overview |
(in millions of JPY) |
| FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | Rate of change (%) |
Factors | |
| Overall | ||||
| Sales | 28,280 | 29,179 | (3.1) | - |
| Operating income | 220 | 403 | (45.4) | - |
| Ordinary income | 328 | 684 | (52.0) | - |
| Net income | 220 | 1,468 | (85.0) | - |
| Electrical Component Business | ||||
| Sales | 12,426 | 12,087 | 2.8 | -Sales to truck manufacturers were slow in China due to sluggish demand in the construction equipment market. Sales also slowed in Southeast Asia in the second half of the year. These decreases were more than offset by strong sales in Japan. |
| Operating income | 970 | 1,023 | (5.2) | - |
Management Policies
-The Company's main growth strategies and major challenges are as follows:1) Strengthening technological capabilities:
- Launch operations in new business areas: respond to the growing EV and HV requirements for commercial vehicles
- Redevelop technology on electric-power generation, renew its ELEMAX electric-power-generation system
- Renew the refrigerator business
- Reorganize the Niita Plant
- Dramatically improve productivity
4) Develop human resources
R&D
R&D Expenses |
(in millions of JPY) |
| FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | |
| Overall | 969 | 948 | 812 |
| -Electrical Component Business | 496 | 491 | 421 |
R&D Activities
Electrical Component-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 Expenditure |
(in millions of JPY) |
| FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | |
| Overall | 1,042 | 1,068 | 242 |
-The Company made investments in equipment mainly for improving profitability and streamlining production operation.
Planned Capital Investment
|
(As of Mar. 31, 2014) |
| Company / Location | Facilities | Expected Investment (In millions of JPY) |
Start | Planned completion | Capacity increase after completion |
| The Company, Nitta Factory (Gunma Pref., Japan) |
Facilities to produce electrical parts | 234 | Apr. 2014 |
Mar. 2015 |
- |