Nikki Co., Ltd. Business Report FY2009
Business Highlights
Financial Overview |
(in millions of JPY) |
FY2009 | FY2008 | Rate of Change (%) |
Factors | |
Overall | ||||
Sales | 6,602 | 8,972 | (26.4) | - |
Operating income | (979) | (494) | - | - |
Ordinary income | (1,072) | (437) | - | - |
Current net income | (845) | (477) | - | - |
Automotive device business | ||||
Sales | 847 | 1,421 | (40.4) | -Mainly due to a decline in sales of carburetors for automobiles |
Operating income | (73) | 102 | - | - |
Gas device business | ||||
Sales | 2,208 | 3,373 | (34.5) | -Mainly due to a decrease in exports to Korea |
Operating income | (575) | (76) | - | - |
R&D
R&D Expenditure |
(in millions of JPY) |
FY2009 | FY2008 | FY2007 | |
Overall | 172 | 166 | 231 |
R&D Activities
Gas appliance business-The Company conducted R&D activities for fuel system devices for CNG vehicles and diesel-alternative LPG vehicles as well as fuel supply system devices for industrial engines using natural gas and LPG.
-The Company is conducting R&D activities in response to air pollution prevention measures which are planned in the New Long-term Emission Regulations in Japan.
ECU
-The Company is conducting R&D activities in response to new generation microcomputers, modeling, new control concept and downsizing.
-The Company is working on R&D activities that respond to exhaust emissions regulations worldwide, as well as on OBD (On Board Diagnosis) II. In addition it is involved in developing fuel application technology that responds to customer requirements.
Investment Activities
Capital Investment |
(in millions of JPY) |
FY2009 | FY2008 | FY2007 | |
Overall | 741 | 625 | 649 |
Automotive device business | 24 | 81 | 81 |
Gas device business | 548 | 196 | 125 |
-The Company focused investment on products and R&D areas expected to provide growth in the long term. It also made investments in labor savings, work rationalization and improved product liability.
Automotive device business
-The Company made capital investments in streamlining production.
Gas appliance business
-The Company invested in facilities and equipment corresponding to new models and more streamlined production.
New Facilities
(As of Mar. 2010)
Site Name | Location | Segment | Purpose | Planned investment (million JPY) |
Start | Planned completion |
Atsugi Plant | Atsugi city, Kanagawa Pref. | Gas device business | To streamline manufacturing facilities, etc. | 237 | 2010.04 | 2011.03 |
Automotive device business, Gas device business, General-purpose carburetors (General-purpose equipment business) |
To streamline manufacturing facilities, etc. | 43 | 2010.04 | 2011.03 |