Univance Corporation Business Report FY2008
|Financial Overview||(in millions of JPY)|
|Sales||60,945||77,843||(21.7)||-Sales of industrial machinery increased; however, sales of the Company's main product line, transmissions, especially manual transmissions used in commercials vehicles, and transfer cases used in large-sized pickup trucks sold in North America, decreased. As a result, overall sales decreased.|
|Manual Transmission Division|
|Sales||6,575||8,214||(20.0)||-Due to the economic slowdown that started in October 2008, sales of manual transmissions for SUVs and commercial vehicles drastically declined.|
|4-wheel drive systems Division|
|Sales||15,438||25,984||(40.6)||-In North America, since October 2008, sales of transfer cases for SUVs and large-sized pickup trucks significantly decreased.|
|Automobile parts Division|
|Sales||30,320||35,818||(15.3)||-Sales decreased as a result of automakers cutting their production volume in response to the economic slump in the entire automotive industry since October 2008.|
|R&D Expenditure||(in millions of JPY)|
|Ratio in total sales||2.5%||2.6%||2.8%|
-As of Mar. 31, 2009 the number of overall R&D staff is 176, approximately 10.8% of employees within the Group.
-The Company's main products are transmissions used in SUVs and small- and mid-sized commercial vehicles. In its R&D activities in this area, the Company is working to solve environmental problems such as CO2 emissions and working to find ways to reduce manual operations by drivers.
-The Company strengthened its R&D activities on speed reducers for hybrid and electric vehicles.
4-Wheel Drive Systems
-The Company is conducing R&D activities involving its main product line, transmissions, by focusing on transmissions for small-sized pickup trucks. It intends to develop a complete product lineup of these transmissions that will offer greater commercial appeal.
-The Company is conducting R&D activities on environmentally friendly, 4-wheel drive systems for front-drive 4WD vehicles, making use of its proprietary technology gained from its past experiences in working on transmissions.
-The Company also developed and started production of differential gear carriers for ATVs, making use of its 4WD technology.
-The Company is conducing R&D activities on VAs, utilizing its strength in production technology and expertise as a manufacture of unit-based products.
-The Company undertook R&D activities to improve the commercial appeal of one-way clutches that use its proprietary technology.
|Capital Investment||(in millions of JPY)|
|4-Wheel Drive Systems||326||1,094||800|
-Capital investment was made mainly to streamline, maintain and upgrade its facilities.
Plan for Installing New Facilities (As of Mar. 2009)
|Segment||Planned amount (in millions of JPY)||Details and objectives|
|Manual Transmission||156||Streamline, maintain and upgrade facilities|
|4-Wheel Drive Systems||927||Streamline, maintain and upgrade facilities|
|Automobile parts||330||Streamline, maintain and upgrade facilities|