H-ONE Co., Ltd. Business Report FY ended Mar. 2018

Financial Overview

(IFRS, in millions of JPY)

FY ended Mar. 31, 2018 FY ended Mar. 31, 2017 Rate of change (%) Factors
Revenue 201,000 182,737 10.0 -Company-wide, revenue increased. The volume of vehicle frames delivered to OEMs increased 6% year over year. The low valuation of the Japanese yen also contributed to increasing revenue.
-Both product orders and production volumes increased in Japan, China, Asia, and Oceania.
-Production volume in North America fell year over year; however, due to favorable currency translation, sales volumes to exterior customers increased.
Operating income 8,587 7,760 10.6 -Income fell in North America due to lower production volumes.
-Income increased in Japan and China to due improved productivity that resulted from increased production volumes.
-Income in Thailand and India increased as a result of improved efficiencies.
Income before income taxes 7,676 7,549 1.7
Profit for the year attributable to owners of the parent 6,197 6,057 2.3

Recent Development in Japan

<Kameyama Factory>
-A 3,000-ton servo transfer-press was installed to process super high-tensile steel plates that are very strong and light.

Recent Development outside Japan


  1. The second plant at WH Auto Parts Industries Inc., a subsidiary, was expanded, with welding machinery added. Production is scheduled to start in February 2019.
  2. The Company set up a new production plant in in Changsha, China , where GAC Mitsubishi Motor is located. This enabled the Company to expand its supply network by increasing its welding and assembly operations.

R&D Expenditure

(in millions of JPY)
FY ended Mar. 31, 2017 FY ended Mar. 31, 2017 FY ended Mar. 31, 2016
Overall 2,013 1,848 1,689

R&D Structure

-Centering on its development technology headquarters, the Company carried out R&D activities in cooperation with many research and development institutions including those of Honda Group.

R&D Facilities

Name Location Function
Model development center Tochigi Pref. Japan Product designing, Sales planning
Model development center Karasuyama Tochigi Pref. Japan Research and Development, Development of prototypes of the automotive parts
Development & Engineering center Fukushima Pref. Japan Model planning, Welding engineering, Die engineering, Die manufacturing
KTH Parts Industries Inc. Ohio, U.S. Research and Development

Recent R&D Activities (Automotive Component Division)

-Developed a welding/mating process
-Developed stamping process technology for high tensile materials and light weight materials
-Developed a outer parts stamping process
-Developed functional parts by incorporating thick plate precision stamping technology and assembly technology
-Developed material hardening technology
-Developed an in-house information system based on CAD, CAM, and CAE technology; and trained engineers to use it
-Developed stamping process technology for precision metal parts

Capital Expenditure

(in millions of JPY)
FY ended Mar. 31, 2018 FY ended Mar. 31, 2017 FY ended Mar. 31, 2016
Overall 14,473 15,657 16,680

-Automotive Parts Division: JPY 5,455 million to launch production of new automotive parts, and JPY 9,018 million to increase/upgrade general-purpose production facilities to raise productivity and to extend and reconstruct buildings.

Planned Capital Investment

(As of Mar. 31, 2018)
Company Name Location Estimated total amount of investment
(in millions of JPY)
Project duration
From To
The Company
Kameyama Factory Mie Pref. Japan 3,309 Aug. 2017 Mar. 2020
Maebashi Factory Gunma Pref. Japan 766 May 2017 Mar. 2020
Koriyama Factory Fukushima Pref. Japan 1,623 Feb. 2018 Jan. 2020
Consolidated Subsidiaries
KTH Parts Industries Inc. Ohio, USA 3,419 Dec. 2017 Mar. 2020
Kalida Manufacturing, Inc. Ohio, USA 830 Dec. 2017 Mar. 2020
KTH Leesburg Products, LLC. Alabama, USA 794 Mar. 2018 Mar. 2020
KTH Shelburne Manufacturing, Inc. Ontario, Canada 2,327 Feb. 2018 Mar. 2020
GH Auto Parts Industries Inc. Guangdong, China 7,570 Dec. 2017 Jan. 2020
QH Auto Parts Industries Inc. Guangdong, China 1,244 Oct. 2017 Mar. 2020
WH Auto Parts Industries Inc. Hubei, China 5,001 Jan. 2018 Mar. 2020
H-one Parts (Thailand) Co., Ltd. Ayutthaya,Thailand 2,579 Nov. 2017 Feb. 2020
H-one Parts Sriracha Co., Ltd. Chonburi, Thailand 498 Mar. 2018 Jan. 2020
H-one India PVT., Ltd. Uttar Pradesh, India 715 Dec. 2017 Mar. 2020
PT. H-one Kogi Prima Auto Technologies Indonesia Karawang,
1,254 Oct. 2017 Mar. 2020