Yamaha 2002 Annual Report Download - page 19

Download and view the complete annual report

Please find page 19 of the 2002 Yamaha annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 44

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44

As the demand for golf products was flat and sales of FA products and
metallic molds and automobile interior components and fittings declined,
sales in the Others Segment decreased 16.9% from the previous term, to
¥18.3 billion. The segment recorded an operating loss of ¥0.4 billion, com-
pared with operating income of ¥0.5 billion the previous term.
As few of our most important clients made substantial model changes, demand for
automobile interior components and fittings decreased, putting downward pressure on
sales. Sales of FA products fell, as many companies scaled back investments in plant
and equipment.
Sales of magnesium parts decreased due to faltering demand in the mobile phone
market.
Sales of archery equipment totaled approximately ¥120 million; however, in light
of falling demand due to the decreasing number of children in Japan, we halted our
manufacturing activities in February and have resolved to stop selling such products
at the end of the fiscal 2003 interim term.
Strategies and Forecasts
In fiscal 2003, as mobile phone manufacturers are working to bring new models to
market, we are planning a dramatic increase in the production of magnesium parts for
mobile phones. In addition, we expect to ship precision machines and other products
both domestically and to China, where market recovery is expected to lead to increased
capital investment. To meet the needs of mobile phone manufacturers, who are increas-
ing production and striving to price their products competitively worldwide, we will
concentrate on shortening production processes and raising quality, with the ultimate
aim of boosting our profitability.
The number of clients making substantial model changes is expected to remain low,
keeping down sales of automobile interior components and fittings. However, YAMA-
HA will concentrate on improving profitability by designing new manufacturing meth-
ods for steering wheels and cutting costs to increase its competitiveness.
In the golf products business, we are working to overhaul our business structure to
ensure future success.
Yamaha Corporation Annual Report 2002 Review of Operations
17
Others
Automobile Interior Components 왘YAMAHA’s automo-
bile interior components are widely used in luxury cars
both in Japan and overseas.
Compact Film Puncher YFP-C251-4D 왘
This is an easy-to-use, high-precision,
small-sized hole-punching processor.
SECRET01 왘The
SECRET01 wood and
iron series is for adult
golfers who demand
authentic products.