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- Sanden Holdings Corporation Business Report FY ended Mar. 2019
Sanden Holdings Corporation Business Report FY ended Mar. 2019
Financial Overview
|
(in millions of JPY) |
|
FY ended Mar. 31, 2019 |
FY ended Mar. 31, 2018 |
Rate of Change (%) |
Factors |
Overall |
Sales |
273,934 |
287,609 |
(4.8) |
-Sales and profit fell at the automotive device business because of lower sales in Asia and China caused by the US-China trade war; and because of lower sales by customers in the USA; although sales of products for eco-friendly vehicles mainly in Europe increased. |
Operating Income |
889 |
5,469 |
(83.7) |
Ordinary Income |
564 |
4,411 |
(87.2) |
- |
Profit for the year attributable to owners of the parent |
(23,060) |
4,255 |
(642.0) |
- |
R&D Expenditure
|
(in millions of JPY) |
|
FY ended Mar. 31, 2019 |
FY ended Mar. 31, 2018 |
FY ended Mar. 31, 2017 |
Group |
8,818 |
7,860 |
7,910 |
Automotive systems business |
7,544 |
6,012 |
5,530 |
R&D Centers
-The Company is speeding up development of compressors and air-conditioning systems that respond to changes in hybrid, plugin-hybrid, and electric cars which are undergoing rapid advancements, by creating a global R&D framework that includes the Sanden Technical Centers in Japan, the USA, and Germany; and the R&D function in France; strengthening their collaboration.
Capital Expenditure
|
(in millions of JPY) |
|
FY ended Mar. 31, 2019 |
FY ended Mar. 31, 2018 |
FY ended Mar. 31, 2017 |
Group |
13,000 |
12,400 |
12,400 |
Automotive systems business |
10,300 |
10,800 |
10,800 |
-Japan |
4,800 |
4,500 |
2,100 |
-Europe |
1,800 |
2,800 |
3,100 |
-North America |
1,100 |
300 |
700 |
-Asia |
2,500 |
3,100 |
4,700 |
-In the fiscal year ended March 2019, the Company invested mainly to localize production and switch to in-house production.
Planned Capital Investments
-In the fiscal year ending in March 2020, the Company plans to spend a total of JPY 13,000 million in capital investments to strengthen its production operations, localize procurement, and initiate in-house production, of which it plans to spend JPY 8,500 million in the automotive component business alone.
- Japan:JPY 4,000 million
- Asia:JPY 2,000 million
- Americas:JPY 1,000 million
- Europe:JPY 1,500 million
Business Plan
-The Company established a medium-term business plan ending in FY 2023 that ends in March 2024. The goals in the plan are:
- Sales: JPY 320 billion
- Ordinary profit to sales ratio: 5%
- Shareholders' equity ratio: 25%