Financial Overview
|
(in millions of JPY) |
| |
FY2010 |
FY2009 |
Rate of Change(%) |
Factors |
| Sales |
36,298 |
27,990 |
29.7 |
- Sales increased year-on-year, as the automotive hose division enjoyed increased demand thanks to the effects of the eco-car incentive programs and tax cut systems. |
| Operating income |
1,686 |
(701) |
- |
- The Company returned to profitability, as it cut down on labor costs and other expenses. Its initiatives included establishing a mutual supply system among its group companies and using robots on its production lines. |
| Ordinary income |
1,690 |
(550) |
- |
| Net income |
880 |
(1,216) |
- |
New programs
- The Company started supplying power steering hoses for the Audi D4 series.
R&D Expenditure
|
(in millions of JPY) |
| |
FY2010 |
FY2009 |
FY2008 |
| Overall |
844 |
816 |
1,009 |
Technology Licensed-out
(As of Dec. 31, 2010)
| Company |
Country |
Content of Contract |
Period of Contract |
| From |
To |
| HS R&A |
South Korea |
Manufacturing technology for air conditioner hoses used in automobiles |
Feb. 24, 2010
|
Mar. 4, 2013 |
| Manufacturing technology for automotive brake hoses |
Mar. 3, 2010 |
Mar. 4, 2013 |
| Manufacturing technology for automotive power steering hoses |
Jan. 1, 2010 |
Dec. 31, 2011 |
| PT.Mitra Metal Perkasa |
Indonesia |
Assembling technology for automotive brake hoses |
Oct. 26, 2010 |
Oct. 25, 2011 |
New Product Development
Automotive hoses- The Company enjoyed growing demand for its brake hose called “Slim One”, which offers reduced product weight, improved braking performance, and higher durability. It is also developing Teflon-coated SUS hoses for the aftermarket.
- The Company is developing hoses for air conditioning systems using HFO1234fy refrigerant, which is a prospective alternative to HFC134a fluorocarbon refrigerant that contributes to global warming.
- The Company’s HBMC hose was chosen to support the Hydraulic Body Motion Control (HBMC) Technology used on full-sized sport utility vehicles (SUVs). The hydraulic system is designed to prevent the vehicle from rolling and to help maintain driving stability on- and off-road.
