[Gen-AI Analysis] Yasunaga Corporation Business Report FY ended 2013 - MarkLines Automotive Information & Gen-AI Platform

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	-