How are results for fiscal 2008?
We worked on increasing sales of leading products and expanding our bases in China, Thailand and the Czech Republic, enabling us to achieve major increases in revenue and income.
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What is the policy as regards distribution of incomes? Dividends?
Acquisition of treasury stock?
Our aim is to raise our dividend level stably while attending to the balance with prior investment. We are also adopting a flexible attitude to acquisition of treasury stock.
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What are the company's main strengths in terms of products and technology? What direction is the company intending to move toward in the future?
Making use of our strengths in terms of possessing a wide range of products and technology within the Group, we will be developing system products with high added value through the cooperative combination of the resources possessed by each group company.
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In what direction is Group management likely to head in the future?
We have to achieve a synergistic effect by linking and combining the power of each group company nurtured autonomously and independently.
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What was the purpose of transferring automobile brake business from Sumitomo Electric Industries, Ltd.? What are the prospects for brake business in the future?
Business involving brakes has enormous potential for the future, and by integrating the brake manufacturing sector we intend to make this business more effective, to strengthen our competitiveness as regards quality and costs, and to expand the scale of the business.
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What is the business vision for the future? What are the management objectives?
We intend to strengthen cooperation between companies within the Group, and realize ‘sales at the top level of the industry’, ‘an overseas sales ratio of 50%’, and ‘ROIC* of 15%’.
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What is the forecast for results for fiscal 2009? How about dividends?
We reckon that incomes will decline due to the severe business environment, but we hope to maintain dividends at around the same level as those for fiscal 2008.
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*ROIC (Return on Investment Capital) is calculated by dividing net operating income by the sum of inventory assets and fixed assets.