On June 18, 2013, the Japan Automobile Parts Industry Association announced its 2013 performance analysis of 82 Japanese auto parts manufacturers. It is expected that its sales will reach 22,299.8 billion yen (approximately RMB 1,438.0 billion). Last year rose 7.6% year-on-year, operating profit was 1,215.8 billion yen (approximately RMB 78.4 billion) up 19.1% year-on-year. In Japan, domestic raw material prices and electricity costs are all likely to rise. However, it is expected that exports to overseas markets such as the United States and emerging countries will inevitably expand. Therefore, the forecasted earnings will increase for two consecutive years. The president of the industrial association, Yumura Uchimura, stated: “As the yen exchange rate declines, automakers’ exports to overseas countries continue to increase, and domestic production continues to expand, so parts and components manufacturers will also benefit.†In 2012, the sales volume of the parts and components industry reached 20,718.1 billion yen (approximately RMB 1,335.7 billion), up 8.5% year-on-year; operating profit reached 1,020.7 billion yen (approximately RMB 65.8 billion), a year-on-year increase of 11.6%. In the next period of 2012, the government ended the green car subsidy system, so the revenue decreased.
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