Japanese 3 major battery makers kept stable recurring profits for fiscal 2009 ended in March 2010 though there was profit gain from surging lead market price in the previous fiscal year. Shin-Kobe Electric Machinery posted 51% year-to-year higher recurring profit while GS Yuasa Corporation and Furukawa Battery sustained the profit level as high as in fiscal 2008. The 3 makers’ automotive lead battery sales decreased by 15% due to inactive demand for new cars but the profits were supported by repairing batteries.
GS Yuasa Corporation posted 7.4% year-to-year lower recurring profit while marked the record net profit in fiscal 2009. The domestic sales of automotive battery decreased by 15.7% but the operating profit increased by 12.1% to 1.75 billion yen. The profitability has improved. Shin-Kobe Electric Machinery gained year-to-year higher sales and profits in the plastic products business unit while the sales of automotive battery decreased by 15%. The automotive battery sales especially declined for new cars though which slightly increased for repairing uses. Furukawa Battery’s lead battery revenue decreased by 17.5% year-to-year, which represents more than 80% in the firm’s total sales. The sales lowered for new cars and industrial uses. However, the firm could sustain the profit level as high as in fiscal 2008.Japan Steel Scrap Composite Prices (Sangyo Press)
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