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Fiscal Year 2011

FY2011 4th Quarter Financial Results

Financial Results Presentations
Date
February 20，2012
Venue
Waseda University Nihonbashi Campus

Financial Results Overview

We achieved total consolidated sales of 11,913 million yen for the quarter, year-on-year decrease by 5.6%. Operating income fell year-on-year by 25.8% to 300 million yen due to increase of labor cost in China. Ordinary income was 3 million yen and net loss was 196 million yen.

(Unit:Millions of yen)
  FY2011 FY2010 Change
4th quarter 4th quarter Amount %
Net sales 11,913 100.0% 12615 100.0% (702) (5.6%)
Operating income 300 2.5% 404 3.2% (104) (25.8%)
Ordinary income 2 0% 45 0.4% (42) (94%)
Net income (196) - 415 3.3% (611) -
Capital expenditure 600 406  
Depreciation 556 633  
Exchange Rates at end of period
Yen/US dollar
Yen/Euro
77.0 yen
100.6 yen
82.9yen
111.1 yen		  

Financial Results Materials (Click on a report title to download (PDF format).)

FY2011 3rd Quarter Financial Results

Financial Results Presentations
Date
October 31，2011
Venue
Belle sale Yaesu (Yaesu first financial Building)

Financial Results Overview

Net sales for the first half of FY2011 0.8% decreased over the previous fiscal year to 13,705million yen due to a steady sales performance in Europe, mainly in automotive segment. On the other hand, sales in Asia, especially in Japan, were affected by the earthquake and tsunami in March. Due to sluggish sales, implementation of production adjustments, price increase of copper and other raw materials, and wage increase for the workers at our Chinese factories, operating income decreased 51.9% compared to the previous fiscal year to 530 million yen. Ordinary income was 91.5% down from the previous fiscal year to 82 million yen Compared to previous year, due to foreign exchange loss booked in non-operating expenses (as a result of the recent appreciation of the Japanese yen). As a result of the above, net income decreased 99.8% compared to the previous fiscal year to 1million yen.

(Unit:Millions of yen)
  FY2011 FY2010 Change
3rd quarter 3rd quarter Amount %
Net sales 13,705 100.0% 13,828 100.0% (123) (0.8%)
Operating income 530 3.9% 1102 8.0% (572) (51.9%)
Ordinary income 82 0.6% 961 6.9% (879) (91.5%)
Net income 1 0.0% 889 6.4% (888) (99.8%)
Capital expenditure 697 481  
Depreciation 442 609  
Exchange Rates at end of period
Yen/US dollar
Yen/Euro
77.0 yen
103.1 yen
83.8yen
114.2 yen		  

Financial Results Materials (Click on a report title to download (PDF format).)

FY2011 2nd Quarter Financial Results

Financial Results Presentations
Date
August 1，2011
Venue
Waseda University Nihonbashi Campus

Financial Results Overview

Net sales for the first half of FY2011 1.6% decreased over the previous fiscal year to 13,880million yen due to a steady sales performance in Europe, mainly in automotive segment. On the other hand, sales in Asia, especially in Japan, were affected by the earthquake and tsunami in March. Due to price increase of copper and other raw materials, and wage increase for the workers at our Chinese factories, operating income decreased 36.2% compared to the previous fiscal year to 661 million yen. Ordinary income was 21.3% up from the previous fiscal year to 542 million yen. Compared to previous year where we suffered a foreign exchange loss, we were able to have a foreign exchange gain this year in non-operating income/expense. As a result of the above, net income increased 7.5% compared to the previous fiscal year to 272 million yen.

(Unit:Millions of yen)
  FY2011 FY2010 Change
2nd quarter 2nd quarter Amount %
Net sales 13,880 100.0% 14,107 100.0% (226) (1.6%)
Operating income 661 4.8% 1,036 7.4% (375) (36.2%)
Ordinary income 542 3.9% 447 3.2% 94 21.3%
Net income 272 2.0% 253 1.8% 18 7.5%
Capital expenditure 663 551  
Depreciation 549 653  
Exchange Rates at end of period
Yen/US dollar
Yen/Euro
80.6 yen
116.7 yen
88.6yen
107.8 yen		  

Financial Results Materials (Click on a report title to download (PDF format).)

FY2011 1st Quarter Financial Results

Financial Results Presentations
Date
April 28，2011
Venue
Waseda University Nihonbashi Campus

Financial Results Overview

We achieved total consolidated sales of 13,259 million yen for the quarter, year-on-year increase by 2.8% owing to steady increase of Automotive and Industrial sales contributed to the overall sales increase. Operating income fell year-on-year by 39.7% to 618 million yen due to sudden increase of raw material price and increase of labor cost in China. With foreign exchange gain and evaluation profit from derivatives in non-operating income, ordinary income was 665 million yen, year-on-year decrease by 15.4%. We recorded an extraordinary loss for the cost incurred for Japan disaster net income was 419 million yen, year-on-year decrease by 35.7%.

(Unit:Millions of yen)
  FY2011 FY2010 Change
1st quarter 1st quarter Amount %
Net sales 13,259 100.0% 12,894 100.0% 365 2.8%
Operating income 618 4.7% 1,025 7.9% (407) (39.7%)
Ordinary income 665 5.0% 787 6.1% (122) (15.4%)
Net income 419 3.2% 652 5.1% (233) (35.7%)
Capital expenditure 521 406  
Depreciation 535 633  
Exchange Rates at end of period
Yen/US dollar
Yen/Euro
82.9 yen
111.1 yen
90.4 yen
128.4 yen		  

Financial Results Materials (Click on a report title to download (PDF format).)