Nippon Avionics Co. Ltd. Approves Major Goals at AGM According to BAC Report11 Jan 2012 • by Natalie Aster
LONDON – At its Annual General Meeting Nippon Avionics (commonly known as Avio) has confirmed its major goals and development directions for upcoming years. They are:
- Contribution to the strengthening of national defense systems, R&D activities in this field
- Research projects for the Ministry of Defense regarding space technologies
- National safety infrastructure improvement (such as firefight services) to eliminate Japanese earthquake consequences and prevent new disasters
- Accelerated penetration of non-defence industries
- Cooperation with companies developing eco-friendly technologies (f.e. solar cells, rechargeable batteries, MEMS)
- China, India, Southeast Asia are sales focusing areas
As can be seen, company’s course is focused on collaborating with Ministry of Defence and contributing to alternative energy R&D activities. Both directions are quite promising: the former will bring government contracts which are always paid-off; the latter will let Avio into rapidly developing and prospective industry. The new business strategy assures shareholders of company’s success.
Nippon Avionics was not quite profitable in the last periods. September 2011 results brought a decline in financial loss comparing to June numbers; however, the indices look poor against flat revenues and gross profits. FY ended March 2011 showed net income fall from JPY 157 M in the previous period to (183) M in the latest. New business strategy is invoked to bring Avio back to prosperous list.
Founded in 1960 and headquartered in Tokyo (Japan), Nippon Avionics Co. Ltd. engages in R&D, manufacture and distribution of electric equipment (like data processing equipment, communication equipment, aviation equipment, space aviation equipment, image processing equipment, medical equipment, electric measuring equipment, and so on), electronic devices (hybrids IC's, printed wiring boards, and so on), data processing software, electric telecommunication implementation processing. In 1988 Avio entered Tokyo Stock Eschange under the ticker 6946.
Fins more details on the company’s business, risk factors, possibilities and experts’ forecasts in the report "Nippon Avionics Co. Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: Nippon Avionics Co. Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Dec, 2011
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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