ALPHA Corporation Business Report FY2012
Business Highlights
Financial Overview |
(in millions of JPY) |
FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | Rate of Change (%) | Factors | ||
Overall | |||||
Sales | 47,674 | 47,337 | 0.7 | - | |
Operating income | 2,160 | 2,460 | (12.2) | - | |
Ordinary income | 1,837 | 1,939 | (5.3) | - | |
Net income | 1,072 | 1,519 | (29.4) | - | |
Automobile Parts Business | |||||
Sales | Japan | 20,342 | 20,432 | (0.4) | 1) |
North America | 8,698 | 8,641 | (0.7) | 2) | |
Asia | 13,283 | 13,001 | 2.2 | 3) | |
Operating Profit | Japan | 1,537 | 921 | 66.9 | -An improvement in profitability that resulted from the continued cost-cutting measures. |
North America | (538) | (400) | - | - | |
Asia | 920 | 1,599 | (42.5) | -Affected by the floods in Thailand. |
Factors
1)
-The Company's major customers' production volume recovered. However, their transfers of production to overseas advanced.
2)
-Sales increased because the Company's major customers increased their unit-production volumes. However, the Company incurred expenses to reorganize its production operations.
3)
- Sales increased because the Company's major customers in China and Thailand increased their vehicle-unit production volumes.
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 | 1,310 | 1,279 | 1,074 |
Automotive Components | 954 | 942 | 780 |
R&D Activities
Automotive Components-In the area of new-product development, the Company is working to improve the performance of collision-avoidance and anti-theft devices for next-generation electric steering column locks (ESCLs), as well as making less expensive and lighter exterior door handles.
-The Company is working to unify the designs and functions of key-sets, exterior door handles, and interior door handles, which currently differ for each vehicle model and which should be less costly, by developing series of product items as well as standardizing parts. On the other hand, in taking into consideration how to balance standardization with the uniqueness of each market around the world, the Company is making more cost-competitive products and winning new program business from major customers in developing countries.
Investment Activities
Capital Expenditure |
(in millions of JPY) |
FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | FY ended Mar. 31, 2010 | |
Overall | 2,666 | 2,269 | 2,076 |
add, rationalize and upgrade production facilities;
enhance and strengthen non-production facilities such as its R&D facilities;
-In the automotive parts business, the Company invested 208 million yen in dies and 154 million yen in machinery at Alpha Industry (Thailand) Co., Ltd. It invested 141 million in machinery in Alpha (Guangzhou) Automotive Parts Co., Ltd.
Planned Capital Investment (Automotive Components) |
(As of Mar. 31, 2012) |
Name (Location) |
Type of facility | Planned investment (in millions of JPY) |
Start | Completion |
The Company | ||||
Gunma Plant (Tatebayashi City, Gunma, Japan) |
Dies | 298 | 2012.04 | 2013.03 |
Subsidiaries | ||||
Alpha Industry (Thailand) Co., Ltd. (Prachinburi, Thailand) |
Machinery to manufacture products | 289 | 2012.01 | 2012.12 |
Alpha HI-Lex S.A. de C.V. (Queretaro, Mexico) |
Machinery to manufacture products | 651 | 2012.01 | 2012.12 |
Alpha (Guanzhou) Automotive Parts Co., Ltd. (Guangzhou, Guangdong, China ) |
Machinery to manufacture products | 273 | 2012.01 | 2012.12 |
Dies | 150 | 2012.01 | 2012.12 | |
Alpha Industry Jalisco, S.A. DE. C.V. | New facility and machinery to manufacture products | 2,962 | 2012.01 | 2012.12 |