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 | |
| Overall | ||||
| 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.
StepGate
-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
<China>
-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)