TE Connectivity Ltd. Business Report FY2010
Business Highlights
Financial Overview |
(in million USD) |
FY2010 | FY2009 | Rate of change (%) |
Factors | |
Overall | ||||
Net sales | 12,070 | 10,256 | 17.7 | - |
Operating income | 1,516 | (3,474) | - | - |
Electronic Components Segment | ||||
Net sales | 8,070 | 5,961 | 35.4 | 1) |
Operating income | 967 | (3,716) | - | - |
Factors
1)
Electronic Components Segment
-The strengthening of certain foreign currencies favorably affected net sales by $123 million, or 2.4%, in fiscal 2010 as compared to fiscal 2009.
Business Restructuring
<Japan>-Tyco Electronics Japan G.K. (Kawasaki City, Kanagawa Prefecture) will press ahead with its plan to invest in the area of environmentally friendly vehicles such as hybrid vehicles, demand for which is increasing. Based on a projection that sales of eco-friendly vehicle components will rise, Tyco Electronics Japan has already reinforced its production facilities and increased the workforce. In addition, it is now set to enhance its research and development capabilities for developing new materials and production technologies. Through these efforts, Tyco Electronics Japan aims to revitalize its business, bringing up its sales for the period ending in September 2010 to about 90 percent of its revenue generated prior to the global financial crisis, which was triggered by the collapse of the Lehman Brothers. (From an article in the Nikkan Jidosha Shimbun on Jan. 26, 2010)
R&D
R&D Structure
-The Company employs approx. 7,000 engineers dedicated to product research, development, and engineering.
R&D Expenditure |
(in million USD) |
FY2010 | FY2009 | FY2008 | |
Overall | 482 | 439 | 482 |
-Electronic Components | 312 | 291 | 325 |
-It's new products, including product extensions, introduced during the previous three years comprised approximately 26% of the Company's net sales for fiscal 2010.
Investment Activities
Capital Expenditure |
(in million USD) |
FY2010 | FY2009 | FY2008 | |
Overall | 385 | 328 | 610 |