Kyowa Leather Cloth Co., Ltd. Business Report FY ended Mar. 2013
Business Highlights
Financial Overview |
(in millions of JPY) |
FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | Rate of Change (%) | Factors | |
Sales | 34,289 | 29,934 | 14.5 | -The volume of orders won from customers increased year-on-year in the first half of the fiscal year because of the eco-car sales incentive programs, greater sales of urethane synthetic leather, and the subsidiary in China being added as a consolidated subsidiary. |
Operating income | 284 | (890) | - | - |
Ordinary income | 302 | (940) | - | - |
Current net income | 216 | (958) | - | - |
-Operating revenue from the automotive business increased 24.9% year-on-year, growing to 21,718 million yen, which accounts for 63.3% of all operating revenue of the Company.
Outlook for FY ending Mar. 31, 2014 |
(in millions of JPY) |
FY ending Mar. 31, 2014 | FY ended Mar. 31, 2013 | Rate of change (%) | |
Sales | 36,500 | 34,289 | 6.4 |
Operating income | 400 | 284 | 40.8 |
Ordinary income | 300 | 302 | (0.7) |
Net income | 200 | 216 | (7.4) |
R&D
R&D Expenditure |
(in millions of JPY) |
FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | |
Overall | 565 | 560 | 575 |
R&D Structure
-The Company has a technical center in Hamamatsu City, Shizuoka Prefecture.R&D Activities
Development agendas of the automotive interior business-The Company is developing new, synthetic-leather materials that contribute to enhancing the quality of vehicles.
-The Company is working to improve upon and develop product technology that takes into consideration factors such as weight reduction, ease of recycling, lowered costs, environmental protection, and greater comfort for passengers.
Product Development
-The Company's proprietary Aquawish, an environmentally friendly aqueous synthetic leather, was employed as an automotive interior material for the first time.Investment Activities
Capital Expenditure |
(in millions of JPY) |
FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | |
Overall | 1,199 | 2,790 | 1,300 |
-The Company is making capital investments in its facilities and equipment, mainly in the coating machines in Plant No. 2 at the Tenryu Plant, and in its printers. In addition, the Company is spending to develop new products and to improve its operating cost-structure in order to lower costs.
Planned Capital Investment
|
(As of Mar. 31, 2013) |
Name | Facility | Total Amount Invested (In millions of JPY) |
Started | Expected to Complete in | Increased Capacity after Completion |
1st Tenryu Plant (Shizuoka Pref., Japan) |
Synthetic leather (for vehicles, furniture, shoes and general merchandise) | 313 | Apr. 2013 |
Mar. 2014 |
- |
2nd Tenryu Plant (Shizuoka Pref., Japan) |
Composites for molding and making synthetic leather (for vehicles, furniture, shoes and general merchandise) | 580 | Apr. 2013 |
Mar. 2014 |
- |
Shinshiro Plant (Aichi Pref., Japan) |
Production facilities to form automotive composite materials | 123 | Apr. 2013 |
Mar. 2014 |
- |
Headquarters (Shizuoka Pref., Japan) |
Facilities for conducting R&D | 191 | Apr. 2013 |
Mar. 2014 |
- |