H-ONE Co., Ltd. Business Report FY ended Mar. 2018
(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
-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
- 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.
- 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.
|(in millions of JPY)|
|FY ended Mar. 31, 2017||FY ended Mar. 31, 2017||FY ended Mar. 31, 2016|
-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.
|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
|(in millions of JPY)|
|FY ended Mar. 31, 2018||FY ended Mar. 31, 2017||FY ended Mar. 31, 2016|
-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)
|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|
|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|