Harada Industry Co., Ltd. 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 | 36,470 | 29,935 | 21.8 |
-Sales increased year-on-year due to the following factors:
|
Operating income | 1,337 | 342 | 290.9 | - |
Ordinary income | 1,412 | 590 | 139.3 | - |
Net income | 1,256 | 977 | 28.6 | - |
New Long-term Management Plant HARADA NEXSTAGE 19 (FY ending Mar. 31, 2014 - FY ending Mar. 31, 2019)
Objectives | Initiatives |
(1) Strengthen Competitive Advantages |
|
1. Strengthen product features and selling points |
-Develop new products, keeping in mind the need to strengthen cost advantages, while improving upon existing products. -Ensure proper product quality and build an optimal supply chain. |
2. Strengthen ability to better supply customers | -Enhance capacities for gathering information, analyzing, conducting market research, and planning. |
(2) Build Optimal Business Structure |
|
1. Strengthen organizational structure | -Strengthen collaboration among the Group by reorganizing head-office functions: In October 2013, the Company absorbed Harada Communication Systems Co., Ltd. It aims to strengthen the group synergies, integrating Harada Communication System's production function in Japan; and overseeing function regarding production and sales into the Company. |
2. Establish the Harada brand | -Set the Company’s brand image as an automotive antenna manufacture with a unique global network. |
3. Pursue Group synergies by putting the Group’s management skills into practice | -Strengthen head-office functions even further and clarify the role of each Group company. |
-Financial targets outlined in HARADA NEXSTAGE 19 |
FY ending Mar.31, 2019 | |
Sales | more than JPY 40 billion |
Operating income ratio against sales | more than 10.0% |
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
Outlook for FY ending Mar. 2015
|
(in million JPY) |
FY ending Mar. 31, 2015 (Forecast) |
FY ended Mar. 31, 2014 (Actual Results) |
Rate of Change (%) |
|
Overall | 36,000 | 36,470 | (1.3) |
Operating income | 1,050 | 1,337 | (21.5) |
Ordinary income | 850 | 1,412 | (39.8) |
Net income | 550 | 1,256 | (56.2) |
R&D
R&D Expenditure |
(in million JPY) |
FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | |
Overall | 1,465 | 1,626 | 925 |
-Total R&D expenses broken down in FY ended Mar. 2014 are as follows:
- Japan: JPY 1,038 million
- Asia: JPY 103 million
- North & Central America: JPY 116 million
- Europe: JPY 206 million
R&D Facilities
Facility | Location |
Headquarters | Tokyo, Japan |
Harada Industry of America, Inc. | Michigan, USA |
Harada Europe R&D Centre | Kent, UK |
Shanghai Harada New Automotive Antenna Co., Ltd. | Shanghai, China |
R&D Activities
Next-generation automotive antenna business-Based on the Company's forecast that integration and less/non-protruding products will be the future of the next-generation automotive antenna sector, it began R&D activities on body-interior, built-in systems for in-vehicle satellite antennas and multi-function antennas for telematics use.
Basic R&D activities
-The Company started developing concepts for future antennas, aiming to achieve the following objectives in the future: improving the receiving performance of digital/multimedia devices; creating in-vehicle LANs; and developing compact, integrated antennas capable of responding to high-volume communication loads.
Develop future-generation antennae
-Develop future-generation antennae by actively making use of high-speed communication services for objects in motion like automobiles.
Investment Activities
Capital Expenditure |
(in million JPY) |
FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | |
Overall | 801 | 643 | 636 |
-Capital expenditure broken down for FY ended Mar. 2014 by geographic area | (in million JPY) |
Region | Investment amount | Investment items |
Japan | 42 | Facilities and equipment producing onboard automotive devices and communications devices, and R&D facilities |
Asia | 533 | Facilities and equipment producing onboard automotive devices |
North & Central Americas |
210 | Facilities and equipment producing onboard automotive devices, and R&D facilities |
Europe | 14 | R&D facilities for onboard automotive devices |