Aisan Industry Co., Ltd. Business Report FY ended Mar. 2019
Financial Overview
(in millions of JPY)
FY ended Mar. 31, 2019 |
FY ended Mar. 31, 2018 |
Rate of Change (%) |
Factors | |
Overall | ||||
Sales | 213,494 | 212,524 | 0.5 | -Japan: Sales and income increased, thanks to greater sales volumes and effective profit-improvement initiatives -Asia: Sales increased due to greater sales volumes -Americas: Sales and income decreased due to lower sales in the USA. -Europe: Income decreased due to higher overhead expenses. |
Operating income | 8,227 | 9,421 | (12.7) | |
Ordinary income | 8,181 | 9,770 | (16.3) | - |
Net income | 6,124 | 4,526 | 35.3 | - |
Outlook for FY ending Mar. 31, 2020
(in millions of JPY)
FY ended Mar. 31, 2020 (Forecast) |
FY ended Mar. 31, 2019 (Actual) |
Rate of Change (%) |
|
Overall | |||
Sales | 212,000 | 213,494 | (0.7) |
Operating income | 8,300 | 8,227 | 0.9 |
Ordinary income | 8,100 | 8,181 | (1.0) |
Net income | 4,900 | 6,124 | (20.0) |
Factors
-Forecasts were based on JPY 110 to 1 USD. Lower incomes in the Americas and Europe due to decreases.
>>>Earnings forecasts by Japanese suppliers
Medium-term Management Plan
<Major initiatives by lines of business>
1.Main products business
- Improved commercial appeal of throttle bodies, fuel-pump modules, EGR valves, and exhaust-gas-control systems
- Enhanced production capacity of motorcycle products in India
2.Powertrain-systems-development business
- Enhanced engineering capabilities, operating structure, and human-resource capabilities to better match needs for HVs, EVs, and FCVs.
- Launched external sales of components
3.Future-products business
- Enhanced electrification technologies such as electric generators, electric power-sources, electric control-units, raising knowledge to make customer proposals on systems for electric-driven vehicles.
Award
-Fuel-pump module for the TNGA was awarded the Parts Standardization Award and Award of Excellence from Toyota Motor Corporation.
R&D Expenditure
(in millions of JPY)
FY ended Mar. 31, 2019 | FY ended Mar. 31, 2018 | FY ended Mar. 31, 2017 | |
Overall | 11,302 | 11,196 | 10,922 |
-Japan | 10,597 | 10,554 | 10,052 |
-Asia | 705 | 642 | 870 |
R&D Activities
-Retrofit of a safety device that prevents vehicles from moving forward when drivers accidently step on the accelerator are being delivered to Daihatsu.
Capital Expenditure
(in millions of JPY)
FY ended Mar. 31, 2019 | FY ended Mar. 31, 2018 | FY ended Mar. 31, 2017 | |
Overall | 16,523 | 12,022 | 12,738 |
-Investment of JPY 8,584 million in Japan, and JPY 7,939 million outside Japan.
-In Japan, the Company invested JPY 8.5 million with the aim of enhancing its system development capabilities and developing new products for next-generation vehicles.
Capital Investment by Product
(in millions of JPY)
Product | Fuel-pump modules | Throttle bodies | Canisters | Engine values | EGR valves | Total |
Amount | 4,797 | 3,120 | 1,047 | 261 | 1,667 | 10,892 |
Capital Investment by Region
(in millions of JPY)
Region | Japan | Asia | Americas | Europe | Total |
Amount | 5,314 | 3,133 | 923 | 1,522 | 10,892 |
Planned Capital Investment
Plant name (Location) |
Type of facility or project | Planned amount of investment (in millions of JPY) |
Project period | |
From | To | |||
Headquarters Plant (Aichi, Japan) |
New office building at headquarters | 2,160 | Oct. 2018 |
Mar. 2020 |
Anjo Plant (Aichi, Japan) |
Facility manufacturing throttle bodies | 684 | Feb. 2018 |
Mar. 2020 |
Facility manufacturing EGR valves | 893 | Aug. 2018 |
Mar. 2020 |
|
Toyota Plant (Aichi, Japan) |
Facilities to manufacture fuel-pump modules | 1,572 | Feb. 2018 |
Mar. 2020 |
Franklin Precision Industry, Inc. (Kentucky, U.S.) |
Facility manufacturing EGR valves | 737 | Jul. 2018 |
Aug. 2019 |
Aisan Autopartes Mexico, S.A. de C.V (San Luis Potosi, Mexico) |
Facility manufacturing EGR valves | 670 | Jan. 2018 |
Aug. 2019 |
P.T. Aisan Nasmoco Industri (Indonesia, West Java) |
Facilities to manufacture motorcycle parts | 1,252 | Jan. 2018 |
Aug. 2019 |
Aisan Auto Parts India Pvt. Ltd. (India, Chennai) |
Facilities to manufacture motorcycle parts | 1,324 | Jan. 2018 |
Jun. 2019 |
Aisan Fiem Automotives India Pvt. Ltd. (India, Rajasthan) |
Facilities to manufacture motorcycle parts | 633 | Jan. 2018 |
Dec. 2019 |