Owari Precise Products Co., Ltd. Business Report FY2009
Business Highlights
Financial Overview |
(in millions of JPY) |
FY2009 | FY2008 | Rate of change (%) | Factors | |
Overall | ||||
Sales | 13,101 | 14,872 | (11.9) | -Sales decreased as a result of lower production volumes at its customers, which are automakers. |
Operating income | 438 | 182 | 140.7 | -Income increased as a result of the Company reducing all its costs. |
Ordinary income | 451 | 51 | 784.3 | |
Current net income | 388 | (1,114) | - | |
Precision forged products | ||||
Sales | 7,225 | 9,148 | (21.0) | - |
Screws | ||||
Sales | 5,563 | 5,455 | (2.0) | - |
R&D
R&D Expenditure |
(in thousands of JPY) |
FY2009 | FY2008 | FY2007 | |
Overall | 3,492 | 3,445 | 3,346 |
Precision forged products | 2,935 | 1,749 | 1,378 |
Screws | 557 | 1,696 | 1,968 |
Expenditures on precision forged products
-Synchronizer rings: To respond to the market needs, the Company works to develop lower cost products through reviewing materials and processes. It is also developing products produced under a new method handling friction to respond to the market needs.
Expenditures on screws
-Screws: The Company works to develop route lock screws that are lower in cost and that improve locking performance (without damaging mating screws when being fastened) compared to existing screws with seal lock agents.
Technology Agreements Licensed-in
(As of Mar. 31, 2010)
Company | Country | Products under agreement | Details of agreement | Contract period |
Japan Fastener Research & Engineering Co., Ltd. | Japan | Trilobular screws | 1. Establishing the usage rights to trademark rights. 2.Consenting to both manufacturing and sales rights 3.Providing technical information |
From Jan. 1, 2010 to Dec. 31, 2010 |
Acument Global Technologies, Inc. | Netherlands | Torx | 1. Establishing the usage rights to trademark rights. 2.Consenting to both manufacturing and sales rights 3.Providing technical information |
From Apr. 23, 2008 to Apr. 22, 2011 |
Torx Plus | From Dec. 28, 1993 to Dec. 31, 2011 |
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Strux | From June 20, 2007 to June 19, 2010 |
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Ejot GmbH & Co. KG, Industrial Fastener Division |
Germany | PT screws Delta PT screws |
1. Establishing the usage rights to trademark rights. 2.Consenting to both manufacturing and sales rights 3.Providing technical information |
From June 21, 2004 to July 27, 2018 |
ITW Automotive C&F Japan | Japan | Locks | 1. Establishing the usage rights to trademark rights. 2.Consenting to both manufacturing and sales rights 3.Providing technical information |
From June 15, 2009 to June 14, 2010 |
MAThread, Inc. | USA | MATheard MATpoint |
1. Establishing the usage rights to trademark rights. 2.Consenting to both manufacturing and sales rights 3.Providing technical information |
From Oct. 30, 2009 to Oct. 29, 2024 |
Technology Agreements Licensed-out
(As of Mar. 31, 2010)
Company | Country | Products under agreement | Details of agreement | Contract period |
Hexas Precision (Jiaxing) Co., Ltd. | China | Bolts | Technical assistance regarding production, application and sales | From Sep. 1, 2008 to Aug. 31, 2011 |
Investment Activities
Capital Expenditure |
(in millions of JPY) |
FY2009 | FY2008 | FY2007 | |
Overall | 105 | 979 | 783 |
Machinery | 43 | 803 | 513 |
Precision forged products | 16 | 270 | 178 |
Screws | 26 | 219 | 148 |
-The Company invested mainly in machinery to maintain and update facilities.
Investments in screws
-The Company made a capital investment of 33 million yen to purchase a plant site that its subsidiary, Asahi Tekkojo Co., Ltd., had rented.