1. Home
  2. Supplier Database
  3. Major Suppliers
  4. Fukoku Co., Ltd.
  5. Fukoku Co., Ltd. Business Report FY ended 2013

Fukoku Co., Ltd. Business Report FY ended Mar. 2013

Business Highlights

Financial Overview

(in millions of JPY)
  FY ended Mar. 31, 2013 FY ended Mar. 31, 2012 Rate of Change (%) Factors
Overall
Sales 56,906 54,469 4.4 -The Company was able to maintain the same level of sales that it achieved in the previous fiscal year, having faced a sharp drop in orders during the first half of this fiscal year and then during the second half of the last fiscal year, being impacted by the drop in sales caused by the Great East Japan Earthquake.
Operating income 2,664 3,173 (16.0)

-The Company incurred higher costs mainly involved with advancing its initiatives designed to globalize operations.
Ordinary income 3,072 3,267 (5.9) -
Current net income 1,898 2,323 (18.2) -
Functional products
Sales 26,721 25,624 4.2 -Orders in Japan were strong.
Operating income 3,792 4,590 (17.3) -Operating income was impacted by the sluggish demand in Korea, expenses involved with moving production operations to Vietnam and Thailand, and expenses incurred with building its organizational structure to manage global operations.
Anti-vibration products
Sales 21,888 20,974 4.3 -Sales outside Japan were strong, especially in the ASEAN Region.
Operating income 1,372 1,202 14.1 -

Supply Agreements

-The following are major supply agreements in Fiscal Year ended Mar. 31, 2013.

Functional products
Product Customers Status
Anti-vibration rubber for vacuum pumps Japanese parts supplier Commercial production started
Bearing bushes for intake manifolds Japanese parts supplier Commercial production started
Air-intake valves for motorcycles Japanese parts supplier Commercial production started
Packing for control units used in anti-lock brake systems Japanese parts supplier Commercial production started
High-performance piston seals for brake calipers Japanese parts supplier Commercial production started
Boots for rack and pinion systems Japanese parts supplier Commercial production started
Outboard CVJ boots for compact cars Japanese OEM Winning orders for commercial production
Leaf-spring bushes for compact cars Japanese OEM transplant in Indonesia Commercial production started

Anti-vibration products
Product Customer Status
Damper pulleys for small-sized diesel engines Japanese OEM Winning orders for commercial production
Damper pulleys for small-sized diesel engines Indian OEM
 Production order placed
Damper pulleys for gasoline engines sold in the ASEAN Region market Japanese OEM transplant in Thailand and Indonesia Production order placed
Damper pulleys for ethanol engines sold in the Brazilian market Japanese OEM transplant in Thailand and Indonesia Production order placed
Viscous dampers Japanese OEM transplant in China Production order placed
Torque rod Japanese OEM transplant in Thailand Commercial production started

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

Outlook for FY ending Mar. 31, 2014

(in millions of JPY)
FY ending Mar. 31, 2014
(Forecast)		 FY ended Mar. 31, 2013
(Actual Results)		 Rate of Change (%)
Sales 61,000 56,906 7.2
Operating income 2,800 2,664 5.1
Ordinary income 3,100 3,072 0.9
Net income 2,100 1,898 10.6

R&D

R&D Expenditure

(in millions of JPY)
  FY ended Mar. 31, 2013 FY ended Mar. 31, 2012 FY ended Mar. 31, 2011
Overall 1,271 1,191 1,217

Technology Licensing-in Agreement

(As of Mar. 31, 2012)
Partner Contract Validity
C.F. Gomma S.p.A
(Italy)		 Design and manufacturing technology for air springs From July 2, 2003 to
July 1, 2013

Investment Activities

Capital Expenditure

(in millions of JPY)
  FY ended Mar. 31, 2013 FY ended Mar. 31, 2012 FY ended Mar. 31, 2011
Overall 5,609 3,863 3,718
Functional products 3,369 2,010 1,619
Anti-vibration products 1,712 1,450 1,853

-Company spent 5,609 million yen in capital investments Group-wide in order to enhance its competitive advantages to win more business, investing mainly in construction projects at Fukoku Korea, Siam Fukoku, and Fukoku India.

Planned Capital Investments

(As of Mar. 31, 2013)
Company
Office		 Purpose Estimated amount of investment (in millions JPY) From To
Siam Fukoku Co., Ltd. Installing facilities for manufacturing industrial rubber 290 Mar.
2013		 Dec.
2013