Suncall Corporation Business Report FY ended Mar. 2018

Financial Overview

(in million JPY)
FY ended Mar. 31, 2018 FY ended Mar. 31, 2017 Rate of Change (%) Factors
Sales 42,225 37,980 11.2 -Sales increased, mainly engine parts.
Operating income 2,415 2,250 7.3 -Income increased due to the continued underlying profit growth at Asian subsidiaries throughout the year, and increased profit at the subsidiary in Mexico from the middle of the fiscal year.
Ordinary income 2,527 1,734 45.7
Profit for the year attributable to owners of the parent 2,125 1,093 94.4
Functional Precision Materials
Sales 5,020 4,352 4.0 -Significant sales increases of valve-spring steel from subsidiaries in China and Mexico to Asian and North American markets. Sales from Japan to Europe increased. Sales of material used in precision-deformed products like material for piston-rings were strong.
Functional Precision Components
Sales 25,139 23,297 3.6 -Sales of engine and transmission parts in Japan and Asia were strong, while sales of parts for hybrid vehicles increased.

R&D Expenditure

(in million JPY)
FY ended Mar. 31, 2018 FY ended Mar. 31, 2017 FY ended Mar. 31, 2016
Overall 810 807 940

R&D activities

Shunts on busbar
-This electric-current sensor directly measures high electric current in the range of 200 to 800 amperes. Jointly developed with KOA Corporation. The Company will launch sales of this busbar because it won a firm order to deliver it to a customer.

Springs for new variable valve
-The Company developed and filed a patent application for a high-performance plunger spring that will be used in high-voltage fuel pumps for gasoline, direct-injection engines. This spring is capable of reducing friction and lowering the amount of heat emitted. Since the Company won a firm order for this spring from a Japanese OEM, it launched production of it in January 2017.
-Currently developing for next-generation models, aiming to launch production in 2020.

High rebound-spring for seatbelt retractors
-The Company developed a new rolled-sheet material to use in making high-torque coil springs. This new material tightens the level of torque by 10%, compared with conventional rolled material. By using this new material, the Company succeeded in making mainsprings coils thinner and shorter, and as a result, they can be used on high-torque vehicles.
-Launched commercial production from 2018.

Developing next-generation busbars
-The Company is developing busbars as power-supply terminals for inverters, motors, and batteries used on electric, hybrid, and plug-in-hybrid vehicles. It is developing next-generation busbars that will have aluminum bases and thin insulating coating and be molded of multilayer plastics.

Planned Capital Investments

(As of Mar. 31, 2018)
Company or Office Name Facilities Expected Investment
(in million JPY)
From To
The Company
(Kyoto, Japan)
Manufacturing facility
(Functional Precision Materials)
193 - Mar. 2019
Manufacturing facility
(Functional Precision Parts)
1,524 - Mar. 2019
Suncall Engineering Co., Ltd.
(Yamanashi, Japan)
Manufacturing facility
(Functional Precision Parts)
314 - Mar. 2019
Suncall America Inc.
(Indiana, USA)
Manufacturing facility
(Functional Precision Parts)
186 - Dec. 2018

Outlook for FY ending Mar 31, 2019

(in million JPY)
FY ending Mar 31, 2019
FY ended Mar. 31, 2018
(Actual Results)
Rate of Change
Sales 43,000 42,225 1.8
Operating income 2,400 2,415 (0.6)
Ordinary income 2,380 2,527 (5.8)
Profit for the year attributable to owners of the parent 1,800 2,125 (15.3)
automotive-parts sector
Sales 25,228 25,139 0.4

>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)