Products
Automotive Products (Wire Harness, Steering Roll Connector, Lead battery state detection sensor, Perimeter monitoring radars, etc.), Automotive Batteries, Batteries for Industrial Use
Results of operations in FY2020 (Year ended March 31, 2021)
In the first half of the year, Automotive Products business was severely affected by the impact of COVID-19, including temporary shutdown of overseas subsidiaries followed by low operation rates after resuming operations, and both net sales and operating income declined. However, since the second half of the year, the recovery of the automotive market led to the overall recovery in earnings from this business, including wire harnesses, to the more-than-expected level.
We will continue working on increasing order-taking of and developing the production capacity for aluminum wire harnesses and corrosion-proof terminals, which contribute to reducing the weight of automobiles. With respect to steering roll connectors being our core product, we will strive to capture demand in regions where market expansion is expected due to the tightening of airbag regulations, and develop new products with next-generation vehicles in mind.
| 2019/3 | 2020/3 | 2021/3 | |
|---|---|---|---|
| Net sales （Billions of yen） |
267.3 | 257.6 | 235.1 |
| Operating income （Billions of yen） |
13.5 | 10.9 | 5.0 |