Yasunaga Corporation Business Report FY ended Mar. 2014
Business Highlights
Financial Overview |
(in million JPY) |
| FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | Rate of Change (%) |
Factors | |
| Overall | ||||
| Sales | 31,439 | 33,966 | (7.4) | - |
| Operating income | 614 | (332) | - | - |
| Ordinary income | 680 | (275) | - | - |
| Net income | 375 | (524) | - | - |
| Engine components business | ||||
| Sales | 22,565 | 25,674 | (12.1) | -Sales increased in Indonesia, while sales to major customers decreased in Japan. |
| Operating profit | 656 | 1,362 | (51.8) | -Operating income decreased year-on-year due to costs incurred for opening new facilities overseas. |
Recent Development outside Japan
<Thailand>-In February 2014, Yasunaga (Thailand) Co., Ltd. completed its plant on a 12,208-square-meter plot. The plant has three production lines to produce connecting rods.
Mid-term Management Plan (FY ending Mar. 2015 - FY ending Mar. 2017)
<Consolidated financial target for FY ending Mar. 2017 (in million JPY)>| Sales | Operating income | Operating profit margin (%) |
|
| Overall | 34,000 | 1,020 | 3.0 |
| -Engine components business | 21,900 | 170 | 0.8 |
<Business Strategy>
Strengthening production structure to support customers' operations
-The engine components division will step up its marketing efforts by focusing on its "5C" products, namely, connecting rods, cylinder heads, cylinder blocks, cam shafts, and crankshafts.
-The Company aims to become the No.1 supplier of connecting rods by utilizing its overseas production bases in other Asian countries.
R&D
R&D Expenditure |
(in million JPY) |
| FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | |
| Overall | 499 | 542 | 563 |
Investment Activities
Capital Expenditure |
(in million JPY) |
| FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | |
| Overall | 5,829 | 2,667 | 4,040 |
| -Engine components business | 5,718 | 2,223 | 3,219 |
Engine components business
-The Company invested in new production equipment, land and buildings at the Yumeporisu Plant, Yasunaga Korea Co., Ltd., Yasunaga (Thailand) Co., Ltd., and P.T. Yasunaga Indonesia in order to win new orders and expand business.
Planned Capital Investments (Engine components business related) |
(As of Mar. 31, 2014) |
| Plant (Location) |
Purpose | Planned investment (in million JPY) |
Start | Planned completion | Increased capacity upon completion |
| Yumeporisu Plant (Mie Pref., Japan) |
Engine Components Production facilities | 1,665 | Apr. 2012 | May 2015 | 27% increase in production capacity |
| Subcontracting factory (Mie Pref., Japan) |
Engine Components Production facilities | 998 | Mar. 2014 | Jan. 2018 | - |
| Yasunaga Korea Co., Ltd. (Jeollabuk-do, Korea) |
Engine Components Production facilities | 1,249 | Oct. 2012 | Nov. 2015 | - |
| Yasunaga (Thailand) Co., Ltd. (Rayong, Thailand) |
Engine Components Production facilities | 516 | Mar. 2013 | Feb. 2015 | - |
| Engine Components Production facilities | 996 | Jun. 2013 | Mar. 2015 | - |