Oiles Corporation Business Report FY ended Mar. 2014
Business Highlights
Financial Overview |
(in millions of JPY) |
| FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | Rate of Change (%) |
Factors | |
| Overall | ||||
| Sales | 59,380 | 53,547 | 10.9 | - |
| Operating income | 6,193 | 4,702 | 31.7 | - |
| Ordinary income | 7,119 | 5,602 | 27.1 | - |
| Net income | 4,203 | 3,332 | 26.1 | - |
| Bearing business | ||||
| Sales | 40,902 | 35,802 | 14.2 | -Automotive products: in addition to increased production volumes by Japanese OEMs, the Company increased its business with non-Japanese OEMs. |
| Operating income | 5,562 | 4,046 | 37.5 | |
New Mid-term Management Plan (covering the fiscal year ending March 2015 to the fiscal year ending March 2023)
| Period | Sales (in JPY billions) | Profit margin (%) | ROE | % of sales generated outside Japan |
| 【Phase 1】 Between the fiscal year ending March 2015 and the fiscal year ending March 2017 |
720 | 11.0 | - | - |
| 【Phase 2】 Between the fiscal year ending March 2018 and the fiscal year ending March 2020 |
850 | 11.9 | - | - |
| 【Phase 3】 Between the fiscal year ending March 2021 and the fiscal year ending March 2023 |
1,000 | 15.0 | 10% or more | 50% or more |
-Transact more business in major products with non-Japanese OEMS.
-Develop new uses and materials; expand sales to Japanese OEMs.
Outlook for FY ending Mar. 31, 2015 |
(in millions of JPY) |
|
FY ending Mar. 31, 2015 (Forecast) |
FY ended Mar. 31, 2014 (Actual Results) |
Rate of Change (%) |
|
| Sales | 63,300 | 59,380 | 6.6 |
| -Bearing business | 43,000 | 40,902 | 5.1 |
| Operating income | 6,900 | 6,193 | 11.4 |
| Ordinary income | 7,300 | 7,119 | 2.5 |
| Net income | 4,300 | 4,203 | 2.3 |
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
R&D
R&D Expenditure |
(in millions of JPY) |
| FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | |
| Group | 2,491 | 2,346 | 1,937 |
| Bearing business | 1,685 | 1,542 | 1,301 |
R&D Employees |
| FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | |
| Total | 184 | 177 | 163 |
R&D Facilities
-The Company has a technical center at its Fujisawa Sales Office located in Kanagawa Prefecture.R&D Activities
Bearings business-During the fiscal year ended Mar. 2014, the Company conducted the following R&D activities:.
- Developing improvements to parts for four-wheel and two-wheel vehicles.
- Developing new products designed for next-generation vehicles.
- Developing low-cost materials by making use of its technological expertise in the areas of friction, abrasion, and lubrication.
Investment Activities
Capital Expenditure |
(in millions of JPY) |
| FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | |
| Group | 4,934 | 4,054 | 2,263 |
| -Bearings business | 4,333 | 3,313 | 1,992 |
Planned Capital Investments for Bearing Facilities |
(As of Mar. 31, 2014) |
| Company or Office |
Purpose of Investment | Planned amount (in millions of JPY) |
Construction start | Planned completion |
| Fujisawa Plant (Kanagawa Pref., Japan) |
Testing and R&D facilities | 1,575 | Jan. 2013 | Mar. 2015 |
| Production facility | 847 | Jun. 2007 | Mar. 2015 | |
| Shiga Plant (Shiga Pref., Japan) |
Production facility | 1,347 | Oct. 2011 | Mar. 2015 |
| Oita Plant (Oita Pref., Japan) |
Production facility | 814 | Feb. 2013 | Mar. 2015 |
| Ashikaga Plant (Tochigi Pref., Japan) |
Testing and R&D facilities | 2,170 | Sep. 2013 | Dec. 2015 |
| Production facility | 1,613 | Jan. 2011 | Aug. 2015 | |
| UniPra Co., Ltd. (Saitama Pre., Japan) |
Production facility | 95 | Apr. 2012 | Jun. 2014 |
| Luby Industrial Company Ltd. (Fukushima Pref., Japan) |
Production facility | 70 | Apr. 2014 | Mar. 2015 |
| Oiles America Corporation (North Carolina, USA) |
Production facility | 49 | Jul. 2013 | Sep. 2014 |
| Oiles Suzhou Corporation (Jiangsu, China) |
Production facility | 120 | Mar. 2014 | Jun. 2014 |
| Shanghai Oiles Bearing Inc. (Shanghai, China) |
Production facility | 69 | Aug. 2014 | Oct. 2014 |
| Oiles (Thailand) Company Limited (Rayon, Thailand) |
Production facility | 94 | Oct. 2014 | Oct. 2014 |
| Other subsidiaries | Production facility | 80 | Jan. 2013 | Aug. 2014 |