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Highlights of Fiscal Year 2003 (Year ending March 31, 2003)
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Summary |
In the Japanese automotive industry, the number of automobiles sold domestically increased compared to the previous year, supported by favorable sales of compact cars, despite a decline in the sale of certain car models and an overall decrease in personal spending. In addition, the number of automobiles exported to North America and Asia also increased, and exceeded exports in the previous year.
In this economic environment, we promoted our business in both the domestic and international markets, injecting our innovative original technologies, as a manufacturer of specialized automotive products. We made all-out efforts to increase sales of our main products, such as tubular components for automobiles and other transportation equipment, and to generate sales of our new undertaking: plastic automotive products. In addition, we developed sales promotions utilizing our corporate network of subsidiaries and affiliate companies, both at home and abroad.
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Consolidated Results |
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FY2003
(Million Yen) |
FY2002
(Million Yen) |
Change Over Previous Year
（%） |
| Sales |
47,325 |
40,592 |
16.6 |
| Operating Income |
3,120 |
1,099 |
183.8 |
| Ordinary Income |
2,966 |
1,571 |
88.8 |
| Net Income |
1,518 |
905 |
67.7 |
| Net Income per Share |
41 yen 39 sen |
25 yen 07 sen |
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Unconsolidated Results |
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FY2003
(Million Yen) |
FY2002
(Million Yen) |
Change Over Previous Year
（%） |
| Sales |
40,776 |
34,678 |
17.6 |
| Operating Income |
2,770 |
1,208 |
129.3 |
| Ordinary Income |
2,862 |
1,500 |
90.8 |
| Net Income |
1,401 |
862 |
62.6 |
| Net Income per Share |
38 yen 07 sen |
23 yen 86 sen |
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* Dividends per share: 10 yen per year (including 5 yen interim dividend) |
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