Jidosha Buhin Kogyo Co., Ltd. Business Report FY ended Mar. 2015
Financial Overview |
(in millions of JPY) |
| FY ended Mar. 31, 2015 | FY ended Mar. 31, 2014 | Rate of Change (%) | Factors | |
| Overall | ||||
| Sales | 63,910 | 61,270 | 4.3 | -Reconstruction demand in Japan and increased settlements of equipment costs at foreign subsidiaries. |
| Operating income | 2,854 | 2,535 | 12.6 | -Significant increase in sales |
| Ordinary income | 4,110 | 3,131 | 31.3 | |
| Current net income | 2,897 | 2,390 | 21.2 | |
Sales by Products
-Sales from the automotive components business accounted for 32.8%, those from the industrial engine business accounted for 57.5%, and those from other businesses accounted for 9.7% of the Company's overall sales in FY ended March 31, 2015.
R&D Activities
-Under its partnership with JBK Services, which mainly involves R&D activities, the Company is jointly researching and developing automotive parts used in diverse powertrains.
-Part of the activities in advanced technological products are being conducted jointly with Isuzu.
- Developed various types of propeller shafts primarily for medium and light-duty trucks
- Power take off systems to meet various needs for mounting
- Engine components like rocker arms and flywheels
- Propeller shafts and drive plates for compact vehicles targeted at the overseas markets
- Engineered engine components for fuel efficient vehicles
- Conducted assessment of new engines that operate on next generation fuels.
Capital Expenditure
-The Company invested 1,035 million yen during fiscal year ending Mar. 31, 2015.
-Planned capital investment
Investments in Japan
-The Company will complete its project for consolidating its assembly lines of engines into one line at its Head Office & Ebina Factory in Kanagawa Prefecture by the end of 2015. The engines are supplied to Isuzu Motors Limited. The Company will introduce a system which enables the assembly of different engines on a single line in order to reduce manpower for assembly operations and save space at the plant. The Company intends to generate the plant’s extra capacity while maintaining the current production rate and allocate the extra capacity for production of propeller shafts and other products from 2016 onward. (From an article in the Nikkan Jidosha Shimbun on July 10, 2015)
Investments Outside Japan
-IJT Technology Holdings Co., Ltd. announced that it will make an additional investment in its Indonesian subsidiary, PT. TJForge Indonesia (TJFI). IDR 785.7 billion (JPY 7.3 billion) will be appropriated to capital expenditures for TJFI's forging, processing, and assembly operations in May 2015. Jidosha Buhin Kogyo Co., Ltd., a wholly-owned subsidiary of IJT Technology, will provide IDR 314.3 billion (JPY 2.9 billion) and Isuzu Motors Limited and its 100% subsidiary, Isuzu Motors Asia Ltd. (IMA), will provide the remaining IDR 471.45 billion. As a result of this investment, the IJT Group will decrease its shareholding in TJFI from current 60% (40% owned by Jidosha Buhin Kogyo and 20% owned by TDF) to 49.5% (40% owned by Jidosha Buhin Kogyo and 9.5% owned by TDF). Meanwhile, Isuzu Motors Limited will raise its shareholding from current 25% to 35.5%. (From an article in the Nikkan Jidosha Shimbun on March 16, 2015)
Data
Number of Employees
| Segment | FY ended Mar. 31, 2015 | FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 |
| Total | 1,049 | 1,078 | 1,216 |
Consolidated
| Year Ending March 31 | 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 (thousands yen) | 35,439,164 | 66,191,231 | 73,560,728 | 57,207,174 | N.A. |
| Income from ordinary business activities (thousands yen) | 715,364 | 3,928,221 | 4,539,722 | 3,083,279 | |
| Net income (thousands yen) | (621,526) | 2,433,577 | 2,477,076 | 1,867,966 | |
| Comprehensive income (thousands yen) | - | 2,612,693 | 2,961,630 | 2,592,309 | |
| Net assets (thousands yen) | 17,093,448 | 19,639,622 | 22,410,803 | 24,803,784 | |
| Total assets (thousands yen) | 35,680,676 | 40,814,981 | 42,605,608 | 41,856,457 | |
| Book value per share (yen) | 594.89 | 684.01 | 783.89 | 862.57 | |
| EPS (yen) | (22.57) | 88.37 | 89.96 | 67.84 | |
| Diluted EPS (yen) | - | - | - | - | |
| Net asset ratio (%) | 45.9 | 46.1 | 50.7 | 56.7 | |
| ROE (%) | (3.7) | 13.8 | 12.3 | 8.2 | |
| PER | - | 4.8 | 6.3 | 7.2 | |
| Cash flow from operating activity (thousands yen) | 1,207,917 | 4,881,070 | 4,182,918 | 2,925,602 | |
| Cash flow from investment activity (thousands yen) | (1,741,443) | (305,749) | (1,840,774) | (3,892,951) | |
| Cash flow from financial data (thousands yen) | (412,289) | (2,311,593) | (920,970) | (966,591) | |
| Balance of cash and cash equivalents (thousands yen) | 2,256,941 | 4,477,871 | 5,817,721 | 3,963,530 | |
| Number of employees | 1,174 | 1,147 | 1,167 | 1,216 |
Non Consolidated
|
Year Ending March 31 |
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 (thousands yen) | 30,863,609 | 59,660,056 | 68,180,904 | 49,673,582 | N.A. |
| Income from ordinary business activities (thousands yen) | 209,530 | 2,992,486 | 3,993,502 | 2,308,450 | |
| Net income (thousands yen) | (1,015,651) | 2,068,052 | 2,292,515 | 1,522,288 | |
| Paid-in Capital (thousands yen) | 2,331,390 | 2,331,390 | 2,331,390 | 2,331,390 | |
| Number of shares outstanding (+000) | 27,573 | 27,573 | 27,573 | 27,573 | |
| Net assets (thousands yen) | 14,671,216 | 16,835,947 | 19,655,718 | 21,072,536 | |
| Total assets (thousands yen) | 32,334,783 | 36,761,469 | 38,958,107 | 36,196,739 | |
| Book value per share (yen) | 532.71 | 611.39 | 713.82 | 765.32 | |
| Dividend per share (yen) | 0.00 | 3.00 | 6.00 | 6.00 | |
| EPS (yen) | (36.88) | 75.10 | 83.25 | 55.29 | |
| Diluted EPS (yen) | - | - | - | - | |
| Net asset ratio (%) | 45.4 | 45.8 | 50.5 | 58.2 | |
| ROE (%) | (6.7) | 13.1 | 12.6 | 7.5 | |
| PER | - | 5.6 | 6.8 | 8.9 | |
| Payout ratio (%) | - | 4.0 | 7.2 | 10.9 | |
| Number of employees | 716 | 710 | 725 | 763 |