I Metal Technology Co., Ltd. Business Report up until FY ended Mar. 2015
Financial Overview |
(in millions of JPY) |
| FY ended Mar. 31, 2015 | FY ended Mar. 31, 2014 | Rate of Change (%) | Factors | |
| Sales | 52,582 | 49,150 | 7.0 | - |
| Operating income | 2,226 | 1,170 | 90.3 | - |
| Ordinary income | 2,126 | 1,029 | 106.6 | - |
| Net income | 1,412 | 612 | 130.7 | - |
Three-way administrative merger
-The Company, Jidosha Buhin Kogyo Co., Ltd. and TDF Corporation consolidated their operations through establishing a joint holding company by jointly transferring their equity shares. In Oct. 2013, IJT Technology Holdings Co., Ltd. was established, and these three companies become wholly own subsidiaries of the Company.
Product development plan
Develop suspension modules for middle and heavy-duty trucks
-IJT Technology Holdings Co., Ltd.(IJTT) will develop suspension modules for middle and heavy-duty trucks. IJTT will establish integrated production system for materials, processing and assembly by utilizing the technologies of its three affiliates: casting technology of I Metal Technology Co., Ltd., forging technology of TDF Corporation, and assembling technology of Jidosha Buhin Kogyo Co., Ltd. The modules will be proposed to commercial vehicle manufacturers and construction machinery makers outside the Isuzu Group, including foreign makers. (From an article in the Nikkan Jidosha Shimbun on February 27, 2014)
R&D Structure
-The Company has technical center in Tsuchiura City, Ibaraki Prefecture and Kitakami City, Iwate Prefecture.
R&D Activities
-R&D activities are mainly being conducted by the development and engineering departments
-To make engine parts lighter in weight, the Company is developing high-strength and heat and fatigue resistant materials; and developing production methods to improve forging and machining properties.
-The Company is expanding its product range of suspension parts that use RD800, its proprietary, high-strength, high ductile material; and working to expand production of hydraulic valves and turbine housings, which are the main components of construction equipment and automobiles.
Investments Outside Japan
<Indonesia>
-New plant construction, new line installation is completed at PT.Asian Isuzu Casting Center, and the production began in April 2014.
Data
Sales |
(in millions of JPY) |
| FY ended Mar. 31, 2015 | FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | |
| Overall | 52,582 | 49,150 | 48,124 |
Consolidated
| FY ended Mar. 31, 2010 | FY ended Mar. 31, 2011 | FY ended Mar. 31, 2012 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2014 or later | |
| Sales (Thousand yen) | 30,791,138 | 46,391,553 | 52,937,255 | 48,124,299 | N.A. |
| Income from ordinary business activities (Thousand yen) | (1,692,861) | 1,750,954 | 702,698 | 495,493 | |
| Net income (Thousand yen) | (1,497,834) | 671,675 | 248,996 | 298,783 | |
| Comprehensive income (Thousand yen) | - | 626,120 | 240,102 | 435,566 | |
| Net assets (Thousand yen) | 18,744,132 | 19,369,966 | 19,619,121 | 19,964,358 | |
| Total assets (Thousand yen) | 50,332,100 | 45,463,268 | 46,995,904 | 42,201,811 | |
| Book value per share (yen) | 418.01 | 431.98 | 437.56 | 445.30 | |
| EPS (yen) | (33.40) | 14.98 | 5.55 | 6.66 | |
| Diluted EPS (yen) | - | - | - | - | |
| Net asset ratio (%) | 37.2 | 42.6 | 41.7 | 47.3 | |
| ROE (%) | (7.7) | 3.5 | 1.3 | 1.5 | |
| PER | - | 13.2 | 32.6 | 25.2 | |
| Cash flow from operating activity (Thousand yen) | 2,495,928 | 5,664,976 | 4,911,988 | 5,062,706 | |
| Cash flow from investment activity (Thousand yen) | (4,806,157) | (2,225,104) | (425,241) | (2,296,552) | |
| Cash flow from financial data (Thousand yen) | 6,179,883 | (6,435,948) | (2,770,565) | (3,435,589) | |
| Balance of cash and cash equivalents (Thousand yen) | 5,676,591 | 2,680,284 | 4,396,443 | 3,725,470 | |
| Number of employees | 1,415 | 1,366 | 1,376 | 1,397 |
Non Consolidated
| FY ended Mar. 31, 2010 | FY ended Mar. 31, 2011 | FY ended Mar. 31, 2012 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2014 or later | |
| Sales (Thousand yen) | 30,744,009 | 46,322,980 | 52,850,616 | 48,076,662 | N.A. |
| Income from ordinary business activities (Thousand yen) | (1,610,037) | 1,652,432 | 577,546 | 394,401 | |
| Net income (Thousand yen) | (1,416,002) | 602,609 | 163,849 | 234,972 | |
| Paid-in Capital (Thousand yen) | 1,480,000 | 1,480,000 | 1,480,000 | 1,480,000 | |
| Number of shares outstanding | 45,000,000 | 45,000,000 | 45,000,000 | 45,000,000 | |
| Net assets (Thousand yen) | 18,874,738 | 19,494,705 | 19,707,536 | 19,893,665 | |
| Total assets (Thousand yen) | 50,078,885 | 45,176,984 | 46,669,804 | 41,732,467 | |
| Book value per share (yen) | 419.69 | 433.49 | 438.23 | 442.40 | |
| Dividend per share (yen) | 0.00 | 3.00 | 2.00 | 3.00 | |
| EPS (yen) | (31.49) | 13.40 | 3.64 | 5.23 | |
| Diluted EPS (yen) | - | - | - | - | |
| Net asset ratio (%) | 37.7 | 43.2 | 42.2 | 47.7 | |
| ROE (%) | (7.2) | 3.1 | 0.8 | 1.2 | |
| PER | - | 14.8 | 49.7 | 32.1 | |
| Payout ratio (%) | - | 22.4 | 54.9 | 57.4 | |
| Number of employees | 1,335 | 1,289 | 1,282 | 1,294 |