Asmo Co., Ltd. Business Report FY ended Mar. 2016
|(in million JPY)|
|FY ended Mar. 31, 2016||FY ended Mar. 31, 2015||FY ended Mar. 31, 2014|
*An asset securities report for FY ended March 2015 is not available, as the Company was exempted from submitting asset securities reports, effective April 2015. The numerical value of the consolidated account is based on the group management accounting standard. It is not contents audited by accounting firm based on the corporate law.
-March 2015: Received Global Contribution Award and the Effective Quality Management Award from Hino Motors.
-In May 2016, the Company announced that it will develop wiper motor control systems jointly with the Toyohashi University of Technology. The team will work on the development based on various aspects including instinct and perception by which drivers and passengers may feel certain wiper movements and speed annoying. It will also aim to develop an energy-efficient system so that the technology will be practically applied for next-generation wipers. (From a press release on May 18, 2016)
Recent Development Outside Japan
-The Company established Asmo Manufacturing de Mexico, S.A. de C.V. in Guanajuato in July 2014, and began constructing its plant in November 2014. The plant is scheduled to be completed in August 2015 and operations are expected to begin in April 2016. Approximately 500 people will be hired at the plant, which will have 99,000 square meters of land area and 22,700 square meters of building area. It will produce wiper arms, power seats, power windows, washer tanks, and other products.