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  5. Ikuyo Co., Ltd. Business Report FY ended Mar. 2015

Ikuyo Co., Ltd. Business Report FY ended Mar. 2015

Financial Overview

(in million JPY)
FY ended Mar. 31, 2015 FY ended Mar. 31, 2014 Rate of Change (%) Factors
Overall
Sales 10,526 9,260 13.7 -Sales and operating income increased y/y due to stable international sales at the Company’s major customers, and effects of the Company’s rationalization and cost reduction efforts.
Operating income 911 659 38.2
Ordinary income 831 598 38.9 -
Current net income 966 352 174.5 -

Contract

-Supply contract from PT. Ikuyo Indonesia for the following:

  • From February 2014, started delivering interior parts such as resin parts for door panels and instrument panels; to the Mistubishi "Outlander Sport".
  • From April 2014, started delivering functional parts such as radiator fans and radiator covers; to the Nissan "GO+Panca".

 

Outlook for FY ending Mar. 2016

(in million JPY)
FY ending Mar. 31, 2016
(Forecast)		 FY ended Mar. 31, 2015
(Actual results)		 Increase Ratio
(%)
Sales 10,107 10,526 (4.0)
Operating income 478 911 (47.5)
Ordinary income 476 831 (42.7)
Net income 422 966 (56.3)

R&D Expenditure

(in million JPY)
FY ended Mar. 31, 2015 FY ended Mar. 31, 2014 FY ended Mar. 31, 2013
Overall 24 8 8

R&D Activity

1. Technology to make lightweight products

  • Development of advanced plastic molding technology to produce lightweight interior/exterior components
  • Development plastic parts as replacements for functional parts made of metals

2. New painting technology to add extra value to its products

  • Development of technology to find replacements for plating
  • Development of technology to improve product functionality

3. Technologies to support next-generation products

  • Development of new plastic materials for electrified vehicles

Capital Expenditure

(in million JPY)
FY ended Mar. 31, 2015 FY ended Mar. 31, 2014 FY ended Mar. 31, 2013
Overall 914 597 436


-JPY 1,953 million is planned to be invested in capital improvements by end of fiscal year 2015, which ends March 2016.
-The Company will invest in new dies to produce products for a major new program it has won.

Data

Mar. 2015 Mar. 2014 Mar. 2013
Total 165 162 185
(in million JPY)
FY ended Mar. 31, 2015 FY ended Mar. 31, 2014 FY ended Mar. 31, 2013
Sales Operating income Sales Operating income Sales Operating income
Total 10,526 911 9,260 659 8,358 324

Sales Ratio by Segment

(%)
  FY ended Mar. 31, 2015 FY ended Mar. 31, 2014 FY ended Mar. 31, 2013
Interior parts 32.1 37.0 42.6
Exterior parts 63.7 60.1 53.3
Other automotive parts 2.8 1.2 1.6
Non automotive business 1.4 1.7 2.3
Total 100.0 100.0 100.0

Consolidated

FY ended Mar. 31, 2011 FY ended Mar. 31, 2012 FY ended Mar. 31, 2013 FY ended Mar. 31, 2014 FY ended Mar. 31, 2015
Sales (million yen) 11,597 9,401 - - -
Income from ordinary business activities (million yen) 494 290 - - -
Net income (million yen) 49 40 - - -
Comprehensive income(million yen) 156 76 - - -
Net assets (million yen) 954 1,030 - - -
Total assets (million yen) 8,870 7,870 - - -
Book value per share (yen) 62.20 67.16 - - -
EPS (yen) 3.21 2.61 - - -
Diluted EPS (yen) - - - - -
Net asset ratio(%) 10.8 13.1 - - -
ROE(%) 5.6 4.0 - - -
PER 32.09 32.60 - - -
Cash flow from operating activity (million yen) 1,506 1,017 - - -
Cash flow from investment activity (million yen) (599) 388 - - -
Cash flow from financial activity (million yen) (798) (1,153) - - -
Balance at the term-end of cash and cash equivalents (million yen) 544 797 - - -
Number of employees 237 204 - - -

Non Consolidated

FY ended Mar. 31, 2011 FY ended Mar. 31, 2012 FY ended Mar. 31, 2013 FY ended Mar. 31, 2014 FY ended Mar. 31, 2015
Sales (million yen) 10,084 9,245 8,358 9,260 10,526
Income from ordinary business activities (million yen) 460 236 228 598 831
Net income (million yen) 47 58 184 352 966
Paid-in Capital (million yen) 2,298 2,298 2,298 2,298 2,298
Number of stock outstanding (1000) 15,385 15,385 15,385 15,385 15,385
Net assets (million yen) 846 940 1,129 1,509 2,488
Total assets (million yen) 8,321 7,781 7,138 7,157 8,031
Book value per share (yen) 55.17 61.32 73.63 98.44 162.23
Dividend per share (yen) - - - - -
EPS (yen) 3.10 3.82 12.04 22.95 63.01
Diluted EPS (yen) - - - - -
Net asset ratio(%) 10.2 12.1 15.8 21.1 31.0
ROE(%) 5.6 6.2 16.4 23.3 38.8
PER 33.23 22.23 6.89 7.89 4.05
Payout ratio(%) - - - - -
Cash-flow from operating activities (million yen) - - 734 1,164 1,597
Cash-flow from investment activities (million yen) - - (399) (586) (534)
Cash-flow from financial activities (million yen) - - (588) (552) (852)
Cash-flow from financial activities (million yen) - - 552 578 788
Number of Employees 218 201 185 162 165



Sales Ratio to Major Customer

(%)

Customer FY ended Mar. 31, 2015 FY ended Mar. 31, 2014 FY ended Mar. 31, 2013
Mitsubishi Motors 40.27 39.04 38.82
Mitsubishi Fuso Truck Bus 16.08 15.97 15.75
Hino 10.81 9.90 6.38
Suiryo Plastics 10.52 12.70 11.81
Isuzu 9.03 6.80 9.11
Hayashi Telempu 2.34 2.77 3.00
Toyota Boshoku 1.59 2.55 3.49
DaikyoNishikawa 0.54 0.77 1.93
Mazda 0.12 0.11 0.14
Toyoda Gosei 0.05 0.14 0.29
Toyota Industries 0.03 0.05 0.07
Other 7.22 7.53 6.86
Non Automotive related 1.39 1.67 2.36
Total 100.00 100.00 100.0