U-SHIN LTD. Business Report FY ended Dec. 2018

Financial Overview

(in million JPY)
  FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 Rate of Change (%) Factors
Sales 148,566 168,632 (11.9)
Operating profit 7,049 5,397 30.6
Ordinary profit 5,899 3,754 57.1
Net profit 47 4,086 (98.8)
Automotive Components Division
Sales 122,168 140,995 (13.4) -China: Wuxi plant under plan
-Europe: sales under plan
-Middle and South America: political and social uncertainty
Operating profit 6,177 4,254 45.2 -


Outlook for FY ending Dec. 31, 2018

-Overall sales for the period ending December 31, 2018 are estimated at JPY 152 billion with an operating profit of JPY 4.3 billion.

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


R&D Expenditure

(in million JPY)
FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Nov. 30, 2016
Overall 4,229 5,634 6,781
Ratio to sales (%) 2.8 3.3 4.4
R&D Personnel 459 467 486

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 system

-All-new compact and light Compact Spindle Drive (CSD) generating less noise and an ECU for its drive control were developed simultaneously.   

Gesture sensor

-A sensor to open/close the rear gate only with the gesture of the hands . A sensor to detect hand motion is embedded in the rear ganish. A motion to swing a hand up in front of the sensor opens the rear gate.


-A system to open/close the rear gate automatically without need to touch the vehicle. A user can operate the sytem by stepping on the virtual button projected on the ground when the user approaches the vehicle.

Flash handle and E-Latch

-The Company developed the Flash Handle arranged on the same side of the door surface and the E-Latch to electrically release the engagement between the door and the car body. When a user holding a remote controller approaches the car, the handle pops out of the door and become operable. When the user grabs the handle, a sensor activates the E-Latch to enable the person to open the door with a light force. Half-closed doors are retracted and closed completely by the closure. With a light touch on the handle, the handle pops out from the door or retracted into the door.

Electric shifter

-The existing mechanical transmission operation was made completely electronically-controlled.

Milliimeter radar

-The Company has developed a software to increase the resolution of two-dimentional milimeter radar used in the ADAS field to 8 to 10 times. It is capable of more precise detection of objects.

Overhead console

Capital Expenditure

(in million JPY)
FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Nov. 30, 2016
Overall 6,775 7,511 4,265
-Automotive Components Division 6,546 7,289 4,098

-Major investment activities at the Automotive Component Division for fiscal year ended Dec. 2018 included spending on dies and production machinery.

Investment Outside Japan

-U-Shin Ltd. (U-Shin) announced that all equity in U-Shin Access Systems (Wuxi) Co., Ltd., which is owned by U-Shin Holdings Europe B.V., the U-Shin Group holding company, will be transferred to U-Shin, making the company its direct subsidiary. U-Shin will position Wuxi as its new mass production hub. Another U-Shin group company has already started building a new plant, and the company will be merged with U-Shin Access Systems (Wuxi) by the end of 2018. U-Shin has decided to make the Wuxi company its direct subsidiary with the aim of obtaining taxation advantages. (From an article in the Nikkan Jidosha Shimbun on January 24, 2018)