Topy Industries, Limited Business Report FY2010

Business Highlights

Financial Overview

(in million JPY)
Mar. 2011)
FY2009 Rate of
change (%)
Sales 221,413 196,848 12.5
Operating income 7,006 355 1,873.5 -
Ordinary income 5,241 626 737.2 -
Current net income 2,072 (1,032) - -
Automotive/Industrial component business
Sales 139,011 106,977 29.9
Sales increased significantly year-on-year due to greater production volumes of suspension parts for construction equipment, over-size wheels for mining equipment, and truck wheels.
Operating income 7,666 792 867.9

Recent Sales Activities

The Company resumed marketing activities of its new steel wheel featuring light weight and high rigidity equal to those of an aluminum wheel. A large window wheel with large perforations and an in-house designed plastic cap are combined to offer a new choice providing both stylish design and competitive cost, according to the company. Topy is proposing 15-17 inch wheels to be installed on vehicles priced around 2 million yen. (From an article in the Nikkan Jidosha Shimbun on September. 3, 2010)

Recent Developments outside Japan

The Company announced that it has acquired all shares in Fujian Yuan Shing Topy, Ltd. located in Fujian Province, China, turning it into its wholly owned subsidiary. The acquisition of the joint venture company will allow Topy to streamline its decision making process and reinforce its business structure. Fujian Yuan Shing Topy was established in 2003, with Topy Industries investing 34 percent of the capital. The joint venture company manufactures and supplies automotive wheels to Japanese automakers. In April 2009, Fujian Yuan Shing Topy became a subsidiary of Topy, which raised its shareholding in the company to 83.3 percent. Based on the share transfer, the Fujian facility will change its name to Fujian Topy. (From an article in the Nikkan Jidosha Shimbun on Jun. 23)

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


R&D Expenditure

(in million JPY)
  FY2010 FY2009 FY2008
Group 1,245 1,288 1,649
Automotive& Industrial Machinery Components 557 747 926

Automotive & Industrial Machinery Components
-The Company conducted research on solutions that reduce weight, improve quality, cut costs, and reduce development lead time. It also did research and development on new products.

-The Company achieved favorable results for its mainstay products, namely automotive steel and aluminum wheels, in terms of improving the accuracy of technology to conduct analysis and evaluations, developing and mass-producing new products, cutting costs, and improving the quality of existing products.

Investment Activities

Capital Expenditure

(in million JPY)
  FY2010 FY2009 FY2008
Group 7,170 7,659 12,401
Automotive& Industrial Machinery Components 4,559 452 7,782