1. Home
  2. Supplier Database
  3. Major Suppliers
  4. Topy Industries, Ltd.
  5. Topy Industries, Ltd. Business Report FY ended Mar. 2015

Topy Industries, 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 237,677 234,682 1.3 -
Operating income 6,422 5,308 21.0 -
Ordinary income 6,037 4,485 34.6 -
Net income 2,360 1,914 23.3 -
Automotive/Industrial Machine Component Business
Sales 151,025 147,423 2.4 -Sales increased y/y due to greater sales of wheels for passenger vehicles (especially those for mini vehicles) and trucks
Operating income 6,919 7,360 (6.0) -Operating income declined y/y. The fall is attributable to a decrease in sales of undercarriage components for construction vehicles in China and Southeast Asia and to the growing competition in the market

Outlook for FY ending Mar. 31, 2016

(in million JPY)
FY ending Mar. 31, 2016
(Forecast)		 FY ended Mar. 31, 2015
(Actual Results)		 Rate of Change
(%)
Overall
Sales 246,000 237,677 3.5
Operating income 9,700 6,422 51.0
Ordinary income 8,800 6,037 45.8
Net income 5,400 2,360 128.8


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

Mid-term Management Plan

-The Company announced its mid-term management plan "Growth & Change 2015" that will cover the fiscal years between 2012 and 2015. The Plan calls for achieving an operating revenue of JPY 281.5 billion, an operating profit of JPY 18.0 billion, and a profit margin of 6.4% by the end of the 2015 fiscal year (March 2016). In line with this Plan, the Company will invest JPY 67.3 billion, which is an 80% increase over the amount invested in during its previous mid-term plan. The Company aims to expand its operations outside Japan and fortify its fundamental structure in Japan driving product creation. Out of the total, the Automotive/Industrial Machinery Component Business producing automotive wheels and other products will invest 62% outside Japan.

  • Automotive/industrial machinery Components: Forecast for operating revenue by the end of the 2015 fiscal year (March 2016) is JPY 176.7 billion (a 14.7% increase over fiscal year 2011 figures), with more than 40% generated outside Japan
  • Steel wheels for passenger-cars: Forecast for operating revenue by the end of the 2015 fiscal year (March 2016) is 20% more than it was at the end of the 2011 fiscal year.
  • Steel wheels for mining equipment: Plans are to increase the production capacity of steel wheels for mining equipment by 30%.

R&D Expenditure

(in million JPY)
FY ended Mar. 31, 2015 FY ended Mar. 31, 2014 FY ended Mar. 31, 2013
Overall 1,202 1,519 1,212
-Automotive/Industrial Machine Component Business 617 665 528

R&D Facility

-The Company conducts its R&D activities at Research and Development center in the premise of the Toyohashi Factory in Aichi Pref., Japan.

R&D Activities

Automotive & Industrial Machinery Component Business
-The Company conducted research on solutions that reduce weight, improve design, enhance quality and cut costs. 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.

Capital Expenditure

(in million JPY)
FY ended Mar. 31, 2015 FY ended Mar. 31, 2014 FY ended Mar. 31, 2013
Overall 20,374 25,458 20,477
-Automotive/Industrial Machine Component Business 10,078 8,554 10,951

Investment outside Japan


-Topy MW Manufacturing Mexico S.A. de C.V. in Mexico, a new subsidiary formed in Guanajuato in October 2013, began equipment installation in October 2014 to begin full-scale production in April 2015. The Mexican subsidiary will produce steel wheels for passenger vehicles and light trucks. The new facility will enable Topy to promptly respond to growing demand for these products in Mexico. The Company currently produces steel wheels for passenger vehicles in Japan, the U.S., and China. Mexico will be the Company's fourth global supply hub for these products.

Data

Mar. 2015 Mar. 2014 Mar. 2013
Steel 893 912 961
Automotive/Industrial Machine Component Business 3,321 3,206 3,009
Other 4,214 181 204
Corporate (In common) 177 216 200
Total 4,596 4,515 4,374

Sales by Segment

(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
Steel 72,247 3,381 72,955 1,630 67,621 720
Automotive/Industrial Machine Component Business 151,025 6,919 147,423 7,360 145,398 9,966
Other Businesses 14,404 418 14,303 632 13,891 542
Adjustment - (4,297) - (4,316) - (4,239)
Total 237,677 6,422 234,682 5,308 226,912 6,990

Sales by Geographic Area

(in million JPY)
  FY ended Mar. 31, 2015 FY ended Mar. 31, 2014 FY ended Mar. 31, 2013
Japan 180,456 182,388 175,360
China 13,105 14,895 8,898
USA 27,069 24,476 25,811
Other 17,046 12,922 16,840
Total 237,677 234,682 226,912

(Note) Sales are based on customer locations, categorized by country or region.

Consolidated

 >>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
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) 221,413 240,534 226,912 234,682 237,677
Income from ordinary business activities (million yen) 5,241 7,304 6,234 4,485 6,037
Net income (million yen) 2,072 3,918 3,409 1,914 2,360
Comprehensive income (million yen) (340) 4,459 8,222 7,566 12,416
Net assets (million yen) 80,165 83,096 91,258 96,219 107,941
Total assets (million yen) 203,956 212,828 208,781 232,714 252,456
Book value per share (yen) 335.16 347.37 377.47 398.39 448.36
EPS (yen) 8.64 16.52 14.38 8.08 9.96
Diluted EPS (yen) - - - - -
Net asset ratio (%) 39.0 38.7 42.9 40.5 42.1
ROE (%) 2.6 4.8 4.0 2.1 2.4
PER 25.2 15.6 15.3 22.5 28.0
Cash flow from operating activity (million yen) 6,236 16,010 16,770 7,251 19,440
Cash flow from investment activity (million yen) (3,681) (7,703) (14,770) (17,478) (29,141)
Cash flow from financial activity (million yen) (1,952) (4,983) (4,997) 7,538 13,157
Balance at the term-end of cash and cash equivalents (million yen) 18,741 22,124 19,798 17,485 21,733
Number of employees 4,151 4,135 4,374 4,515 4,596

 

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) 149,510 161,788 143,672 140,047 140,884
Income from ordinary business activities (million yen) 3,925 6,452 4,900 3,213 6,038
Net income (million yen) 2,167 1,780 3,367 2,663 2,886
Paid-in Capital (million yen) 20,983 20,983 20,983 20,983 20,983
Number of stock outstanding (1000) 240,775 240,775 240,775 240,775 240,775
Net assets (million yen) 60,578 61,129 65,947 69,759 76,562
Total assets (million yen) 158,950 166,129 159,946 176,395 187,337
Book value per share (yen) 255.36 257.70 278.03 294.47 323.22
Dividend per share (yen) 4.00 4.00 4.00 2.00 4.00
EPS (yen) 9.03 7.50 14.20 11.23 12.18
Diluted EPS (yen) - - - - -
Net asset ratio (%) 38.2 36.8 41.2 39.5 40.9
ROE (%) 3.6 2.9 5.3 3.9 3.9
PER 24.1 34.3 15.5 16.2 22.9
Payout ratio (%) 44.3 53.3 28.2 17.8 32.8
Number of employees 1,923 1,911 1,943 1,873 1,855