Yasunaga Corporation Business Report FY ended Mar. 2013
Business Highlights
Financial Overview |
(in million JPY) |
| FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | Rate of Change (%) |
Factors | |
| Overall | ||||
| Sales | 33,966 | 36,314 | (6.5) | - |
| Operating income | (332) | 1,175 | - | - |
| Ordinary income | (275) | 1,055 | - | - |
| Net income | (524) | 882 | - | - |
| Engine components business | ||||
| Sales | 25,674 | 25,085 | 2.3 | -Operating revenue increased year-on-year especially because of higher sales of OEM products in Japan and greater sales in Indonesia, an emerging-market country. |
| Operating profit | 1,362 | 1,201 | 13.4 | -The Company’s undertaking cost-cutting initiatives and measures to reduce fixed costs contributed to improving the operating profit year-on-year. |
Recent Development Outside Japan
<Thailand>-The Company announced that it plans to establish a new subsidiary Yasunaga (Thailand) Co., Ltd. in Rayong, Thailand for manufacturing automotive parts and machine tools. It will be capitalized at 250 million baht, approximately 650 million yen, which will be fully invested by the Company. The new company, which will cover some 30,400 square meters of land, is expected to become operational in summer 2014. (From a press release on November 13, 2012)
R&D
R&D Expenditure |
(in million JPY) |
| FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | |
| Overall | 542 | 563 | 407 |
Investment Activities
Capital Expenditure |
(in million JPY) |
| FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | |
| Overall | 2,667 | 4,040 | 1,519 |
| Engine components business | 2,223 | 3,219 | 1,109 |
Engine components business
-The Company invested in machinery, equipment, tools and fixtures for the purpose of upgrading and acquiring new items for its home office plant, Saimyoji Plant, Yume Polis Plant, Nabari Plant, Casting Plant, P.T. Yasunaga Indonesia, and others in order to respond to new product orders.
Planned Capital Investments (Engine components business related) |
(As of Mar. 31, 2013) |
| Plant (Location) |
Purpose | Planned investment (in million JPY) |
Start | Planned completion | Increased capacity upon completion |
| Yume Polis Plant (Mie Pref., Japan) |
Engine Components Production facilities | 1,771 | Apr. 2012 | May 2015 | 26% increase in production capacity |
| Yasunaga Korea Co., Ltd. (Jeollabuk-do, Korea) |
Engine Components Production facilities | 1,163 | Oct. 2012 | Aug. 2015 | - |
| Yasunaga (Thailand) Co., Ltd. (Rayong, Thailand) |
Land, Buildings | 900 | Dec. 2012 | Feb. 2014 | - |
| Engine Components Production facilities | 1,129 | Mar. 2014 | Jan. 2015 | - | |
| Engine Components Production facilities | 995 | Mar. 2014 | Jul. 2015 | - |