U-SHIN LTD. Business Report FY ended Nov. 2015
Financial Overview |
(in million JPY) |
| FY ended Nov. 30, 2015 | FY ended Nov. 30, 2014 | Rate of Change (%) | Factors | |
| Overall | ||||
| Sales | 164,229 | 155,985 | 5.3 | -Increased sales and profit at the Automotive Component Division in Japan, China, U.S. and Mexico etc. |
| Operating profit | 4,715 | 3,075 | 53.3 | -Increased sales and profit at the Automotive Component Division in Japan, China, U.S. and Mexico etc. |
| Ordinary profit | 2,176 | 1,057 | 105.9 | - |
| Net profit | 226 | (433) | - | - |
| Automotive Components Division | ||||
| Sales | 141,366 | 132,459 | 6.7 | -Strong sales in Japan and China -The economic recovery trend in Thailand |
| Operating profit | 4,780 | 3,690 | 29.5 | -Increased production and sales at a new plant in Mexico, which became operational in FY 2014 |
Outlook for FY ending Nov. 31, 2016
-The Company expects its sales to be JPY 160,000 million, and its operating profit to be JPY 5,000 million.
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
R&D Expenditure |
(in million JPY) |
| FY ended Nov. 30, 2015 | FY ended Nov. 30, 2014 | FY ended Nov. 30, 2013 | |
| Overall | 6,435 | 6,080 | 4,333 |
| Ratio to sales (%) | 3.9 | 3.9 | 4.0 |
| R&D Personnel | 487 | 478 | 471 |
R&D Structure
-The Company has domestic development operations in Hiroshima, Hamamatsu & Saitama in Japan.
-Engineers at R&D facilities in Japan, China, the U.S. and India are collaborating to develop products that meet the needs of each market quickly and efficiently.
Product Development
Power closure systems for rear gates
-Compact spindle drive (CSD): a system that reduces noise and product weight. The CDS enables the rear gate (other than that of large vehicles) to open using a motor on just one side and a spring on the other side.
-StepGate: a system to open/close the rear gate automatically, without any need to touch the vehicle. A user can operate the system safely by stepping on the virtual button projected on the ground.
-Door edge protector: the system pops out as soon as a door is opened to provide a cushion strip along the most pronounced edge of the door. The protector prevents the door from causing damages like panel damages to the vehicle parked next to the car.
Door latches, keysets, electronic steering locks
-The Company is aiming to develop lightweight door latches, keysets, and electronic steering locks where metal parts are widely used. The Company is also working on reducing operation noise and vibration to improve operability.
Door handles
-The Company developed a mechanism that prevents the door from opening at the time of collisions.
Climate control switches
-The Company continues its efforts to improve the operability and outer appearances of the switches
Capital Expenditure |
(in million JPY) |
| FY ended Nov. 30, 2015 | FY ended Nov. 30, 2014 | FY ended Nov. 30, 2013 | |
| Overall | 6,447 | 7,666 | 10,351 |
| -Automotive Components Division | 6,207 | 7,444 | 9,821 |
-Major investment activities at the Automotive Component Division for fiscal year ended Nov. 2015 included spending on dies and production machinery.
Investment Outside Japan
-The Company said at a board meeting held on December 22, 2015 that the Company will establish a new Chinese subsidiary in February 2016. The new company will produce and sell automotive key sets. Its existing subsidiary in Wuxi City, Jiangsu Province, China, will be relocated to the new and larger factory to be built also in Wuxi. The new subsidiary will be capitalized at USD 30 million (approx. JPY 3.6 billion), 100% funded by U-Shin Ltd. (From an article in the Nikkan Jidosha Shimbun on December 25, 2015)
Planned Capital Investment |
(As of Nov. 30, 2015) |
| Company name (Location) |
Type of project | Planned total investment (in million RMB) |
Project period | |
| From | To | |||
| U-Shin Manufacturing (Wuxi) Co., Ltd. (Jiangsu, China) |
New plant building | 204 | 2016.10 | 2017.09 |