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5. Imasen Electric Industrial Co., Ltd. Business Report FY ended Mar. 2019

Imasen Electric Industrial Co., Ltd. Business Report FY ended Mar. 2019

Mid-term Business Plan

-The company set a target to achieve an operating profit margin of 6% under “Dream 2020”, the Company’s mid-term management plan.
-In the fiscal year that ended in March 2020, the Company is concerned about an economic slowdown in China; the US-China trade war; and higher production costs that will result from the US, Mexico, and Canada trade agreement. Nevertheless, the Company is aiming to achieve an operating profit-ratio of 4.1%.

Major initiatives during the first year of Phase 3 (the fiscal year ending in March 2021)

<Technological innovations>

• Consolidate technology to develop new products in the electronics sector
• Work to achieve the world’s highest level of quality and develop processing technology

<Rebuilding business operations in Japan>

• Consolidate production plants and operations in Japan to respond to downsizing operations in Japan

<Optimizing global operations>

• Revise processing flows to create the optimum methods for delivering products

<Human resources development>

• Develop human resources with global capabilities, while developing local staff

<Selecting and Consolidating Business Operations>

• Broaden the use of management resources to expand business operations

 
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)

R&D Facilities

-Hiroshima Technical Center (Higashi Hiroshima City, Hiroshima Pref. Japan)
-Tochigi Technical Center (Haga-Gun, Tochigi Pref. Japan)
-IMASEN Global Development and Training Center (Inuyama-City, Aichi Pref. Japan)

R&D Activities

-The Company is promoting following R&D activities;

Automotive components related business
<Seat adjusters>
-Heavy-duty products and products that absorb impacts, in order to enhance vehicle occupants during collisions.
-Small and light weight products made possible by reducing the number of parts and developing new materials and processes to lower fuel consumption
-Development of a safety seat adjuster that is comfortable and which provides added convenience and space enough for occupants to relax.
-The Company is reducing the length of time it takes to develop products, by making use of CAE analysis technology. In addition, it is improving basic seat features such as sliding, reclining, and height, as well as lowering costs.
-Developing a power seat-adjuster that excels in sensory performance such as sounds and vibrations. Developing technology that integrates an electric control unit that controls the seat movement with technology that prevents pinching when the seat is moved.

<Electronic units>
-Developing integrated control units that can control multiple devices.
-Developing various ECU’s for seats, sunroofs, and sunroofs for convertibles.
-Conducting R&D activities on mechatronic products in which mechanisms and electronics, such as functions that control the arrangement of seat positions, are integrated.
-Developing products that pursue driver safety and comfort by monitoring drivers' conditions based on image-processing technology.  
-Developing ECUs that control voltage conversion so as to improve fuel efficiency.
-Developing electronic products for environmentally friendly vehicles such as EVs, HEVs, etc., and conducting research on technology that reduces traffic accidents such as onboard cameras that take the place of human eyes to detect the distance from vehicles ahead and pedestrians, which human eyes often miss, by sending video signals.
-Conducting R&D activities on backup-control systems that can respond when accidents occur and when electric power goes out.


<Lamps>
-Developing all sorts of new automotive lamps such as rear-combination lamps, turn-signals, and cabin-interior lights that use LED elements.

-During FY ended March 2019, the Company invested mainly in facilities that produce round reclining adjusters and seat adjusters.