Topre Corporation Business Report FY2010

Business Highlights

Financial Overview

(in millions of JPY)
  FY2010 FY2009 Rate of Change (%) Factors
Sales 80,689 71,398 13.0 -
Operating income 5,501 4,629 18.8 -
Ordinary income 5,586 4,874 14.6 -
Current net income 936 2,151 (56.5) -
Stamped products
Sales 46,775 40,259 (16.2) -Even though business in Japan was negatively affected by the Great East Japan Earthquake, performance for the entire year remained strong, thanks to the tremendous product demand in emerging countries.
-Performance improved year-on-year due to the impressive recovery in automotive production volume in North America.
Operating income 4,095 3,463 18.3 -Increased sales in North America contributed to the rise in operating income year-on-year, even though the Company was burdened with high depreciation expenses for dies used in line with the launch of new models in Japan.


Performance Forecast

(in millions of JPY)
Rate of change()
Sales 83,000
Operating income
8,000 5,501 45.4
Ordinary income
8,500 5,586 52.2
Net income
4,600 936 391.5

12th Mid-term Plan

Target Figures

(in millions of JPY)
(Final Year)
Sales 95,000
Business Operating income
7,800 5,501 41.8
Ordinary income
5,586 46.8
Net income
4,900 936 423.5

 Stamped Products Business Strategies
1. Ensuring a smooth launch of operations in China and Thailand.
2. Expanding the scope of technology; developing new markets
3. Strengthening production operations in and outside Japan
  ① Establishing Topre Saitama (launched operations in 2009)
  ② Enhancing facilities and equipment at Topre America (2009)
  ③ Constructing plant in Foshan, Guangdong, China (2010)
     (responding to the expansion taking place in the world's number one automotive market)
  ④ Establishing Topre (Thailand) Co., Ltd. as a sales company (2010)
  ⑤ Responding to the expansion in the automotive markets in developing countries
    (conducting market surveys)


R&D Expenditure

(in millions of JPY)
  FY2010 FY2009 FY2008
Overall 1,020
909 1,038


R&D Structure

-R&D Headquarters: The Company is developing  and commercializing new products which make use of its core technologies.
-The Divisions: All of the divisions are developing new products and technologies, with the idea of creating new features.


R&D Achievements

Stamped Products Business
- In order to respond to the dramatically intensifying needs for stronger products, in line with the improvements in requirements in North America calling for stronger vehicle-bodies in collisions, the Company reached the final stage of R&D activities for launching commercial production of 1180MPa, a high tensile steel chassis framework, which is the world's strongest cold-forge product.  
-In order to improve the competitive strength of its products, the Company is continuing its activities in application R&D, working on hot-forging methods already being used in commercial production.
-The Company is developing new battery storage cases that are lighter in weight and lower in cost, and which are purposely designed for hybrids and electric vehicles, for which the market is expanding at a dynamic pace.

Technical Alliances Outside Japan

(As of Mar. 31, 2011)

Company Country Products Associates Contract Period
Sunrise Machinery Co., Ltd. China Automotive stamped products and dies License providing technological  information and know how From August 31, 2007 until August 30, 2012
(After that, the contract will be automatically extended every year.)

Investment Activities

Capital Expenditure

(in millions of JPY)
  FY2010 FY2009 FY2008
Overall 4,021
10,983 6,854


Stamped Products Business
-The Company made a capital investment of 3,471 million yen during FY2010.
-This includes a 744 million yen investment mainly in dies for stamping automotive parts.
-This also includes 2,686 million yen mainly invested in facilities to produce stamped automotive parts at Topre Kyusyu Co., Ltd.; Topre America Corporation.; and Topre(Foshan) Autoparts Corporation.

-The Company is set to start production of stamping parts in China by using high tensile steel with capacity to withstand 1 giga pascal level pressure. The Company will proceed with material development in collaboration with a local blast furnace steelmaker to make stamping parts by using high tensile steel in China, as in Japan and the North America. Perhaps it will be the first in China to manufacture automotive stamping parts of high tensile steel of 1 giga pascal level. The project is an attempt in response to growing needs for local production of auto parts of global models by enabling local production of high tensile steel that has hitherto been considered impossible. The Company is now undergoing material development in partnership with Baosteel Group, a major Chinese steelmaker, so that volume production of stamping parts will start in about two years. The Company's Chinese plant will be about two times larger than its Saitama Plant, one of its major domestic production facilities, and it is said its original production plan has already been filled by orders from several major Japanese automakers. (From an article in the Nikkan Jidosha Shimbun on February 15, 2011)

New Facility (Stamped-products business)

Name Type of facility Planned total investment
(in million JPY)
Start End Increased capacity upon completion
Sagamihara Office Facility for molds used in making stamped, automotive parts 634 Mar. 2011 Mar. 2012 About the same
Hiroshima Office
Topre(Foshan) Autoparts Corporation New facility for producing automotive stamped parts 6,000 Apr. 2010 June 2011 -