Jidosha Buhin Kogyo Co., Ltd. Business Report FY ended Mar. 2012
Business Highlights
Financial Overview |
(in millions of JPY) |
FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | Rate of Change (%) | Factors | |
Overall | ||||
Sales | 73,560 | 66,191 | 11.1 | 1) |
Operating income | 4,057 | 3,672 | 10.5 | - |
Ordinary income | 4,539 | 3,928 | 15.6 | - |
Current net income | 2,477 | 2,433 | 1.8 | - |
Factors
1)
-In Japan, even though demand in the truck market was temporarily reduced because of the Great East Japan Earthquake, demand actually increased for the year as a whole, thanks to an effective recovery, and support from government assistance in the forms of eco-car subsidies and tax reductions. Outside Japan, while demand was temporarily suppressed because of the flooding in Thailand, strong growth overall was seen, especially in emerging-market countries.
Highlights by business segment
Propeller shafts- The Company supplies the majority of its propeller shafts to Isuzu Motors. Its propeller shafts are also used in the Nissan Patrol, a large SUV sold in Africa and North America; the Isuzu D-Max pickup truck manufactured in Thailand; as well as the Hino Profia and UD Trucks' Quon large trucks. (Interview findings by MarkLines, November 2011)
Engine production business for Isuzu's industrial vehicles
- The V-shaped recovery of the industrial engine market in China has made a significant contribution to the Company's business performance. The Company's 2,000-6,500cc diesel engines are used as power sources of hydraulic shovels, power generators, and other construction machinery sold in China. Based on an OEM contract with Isuzu Motors, the Company manufactures diesel engines at the Moka Plant in Tochigi Prefecture, and conducts processing and assembling operations at its home plant in Ebina, Kanagawa Prefecture. It has four engine production lines in total, with a capacity of manufacturing more than 10,000 engines a month. (Interview findings by MarkLines, November 2011)
R&D
R&D Expenditure |
(in millions of JPY) |
FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | FY ended Mar. 31, 2010 | |
Overall | 205 | 196 | 118 |
R&D Structure
-Under its partnership with JBK Services, which mainly involves R&D activities, the Company is jointly researching and developing automotive parts used in diverse powertrains.-Part of the activities in advanced technological products are being conducted jointly with Isuzu.
R&D Activities
Automotive parts-The Company developed various types of propeller shafts primarily for medium and light-duty trucks, power take off systems to meet various needs for mounting and engine components like rocker arms and flywheels.
- The Company developed propeller shafts and drive plates for compact vehicles targeted at the overseas markets. It also engineered engine components for fuel efficient vehicles.
- The Company conducted assessment of new engines that operate on next generation fuels.
Investment Activities
Capital Investment |
(in millions of JPY) |
FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | FY ended Mar. 31, 2010 | |
Overall | 1,735 | 927 | 1,286 |
Engine parts business | - | - | 110 |
Automotive parts division | - | - | 1,176 |
Capital investment for FY ended Mar. 31, 2012
- The Company continued to invest in increasing its production capacity and upgrading aging facilities.
New Facilities (automotive parts business) |
(As of Mar. 31, 2012) |
Name | Location | Type of facility | Planned total investment (in millions of JPY) |
Construction start month | Planned completion month |
Head Office/ Ebina Plant | Kanagawa Pref., Japan | Processing equipment for power transmission parts, etc. | 770 | Apr. 2012 | Mar. 2013 |
Processing equipment for drivetrain and power transmission parts, etc. | 490 | Apr. 2012 | Mar. 2013 | ||
Moka Plant | Tochigi Pref., Japan | Processing equipment for engine parts, etc. | 420 | Apr. 2012 | Mar. 2013 |
Processing equipment for drivetrain and power transmission parts, etc. | 110 | Apr. 2012 | Mar. 2013 | ||
P.T. Jibuhin Bakrie Indonesia | Karawan, Indonesia | Processing equipment for engine parts, etc. | 120 | Jan. 2012 | Dec. 2012 |
Jibuhin (Thailand) Co., Ltd. | Chonburi, Thailand | Processing equipment for power transmission parts, etc. | 590 | Jan. 2012 | Dec. 2012 |
Processing equipment for engine parts, etc. | 490 | Jan. 2012 | Dec. 2012 | ||
Production plant | 500 | Jan. 2012 | Dec. 2012 |