Nissin Kogyo Co., Ltd. Business Report FY2010
|(in millions of JPY)|
|FY2010||FY2009||Rate of Change (%)||Factors|
|Current net income||6,638||2,597||155.6||-|
Summary by Region<Japan>
-Performance improved year-on-year, thanks to the greater unit production volume at two-wheel and four-wheel vehicle-makers because the market recovered; and due to the benefits of new model vehicles being launched.
-Performance improved year-on-year because more profits were achieved based on greater sales volumes and because of measures the Company took to reduce both the cost of goods and depreciation expenses. This was in spite of the impact from the Great East Japan Earthquake and negative currency translation.
-Performance improved year-on-year, thanks to the greater unit production volume at two-wheel and four-wheel automakers because the market recovered. This was in spite of being impacted by negative currency translation.
-Business operating profit increased year-on-year in line with increased revenue and because of initiatives the Company implemented to reduce the costs of goods.
- Performance improved year-on-year, thanks to the greater unit production volume at two-wheel and four-wheel vehicle-makers because the market in China remained robust and production volume there expanded, and because the markets in Indonesia, Thailand, and Vietnam grew.
-Performance improved year-on-year in line with increased sales, the Company's successful measures to reduce the costs of goods, and the increase in value of the rupiah and baht, even though the prices of raw materials significantly rose.
-Despite negative currency translation, performance improved year-on-year, thanks to the greater unit production volume at two-wheel vehicle-makers because the Brazilian market recovered and because unit-sales of large-sized, two-wheel vehicles in Europe increased.
-Profits increased in line with greater sales revenue and successful initiatives to reduce the costs of goods.
New Company-The Company announced that its Chinese entity Zhongshan Nissin Industry Co., Ltd. opened a subsidiary in Guangzhou City, Guangdong, China. With the establishment of the new subsidiary, Nissin Kogyo will strengthen its activities for making proposals to its existing customers, while working to acquire new customers. The new entity started its operation in October 2010. (From a press release on November 4, 2010)
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
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R&D StructureR&D facilities: Tochigi R&D Center (Nasukarasuyama City, Tochigi Pref.), Nagano R&D Center (Tomi City, Nagano Pref.)
Japan-With a global perspective in mind, the Company is developing products, materials, and manufacturing methods in the pursuit of making its products designed mainly for two- and four-wheel vehicles lighter, smaller, more fuel efficient, safer and more comfortable. These include basic brake systems, mechatronics-based automatic control-systems, and aluminum products, which form the backbone of its product range.
-The Company is working to develop products, materials, and manufacturing methods that contribute to reducing CO2 emissions.
-The Company is designing products and conducting market surveys in order to develop two- and four-wheel vehicles that meet the needs of the North American market. It is also developing auto parts for purchase locally.
Major R&D Achievements in Automobile PartsDevelopment of an automatic control mechatronics system
-The Company's new-type VSA (Vehicle Stability Assist), which it recently developed, is already being equipped on one vehicle model. This VSA, which is compact and lightweight, enhances safety and provides ease of mind. It includes an added, new function, i.e., a CAS (Creep Aid System) that prevents the vehicle from drifting when it is in the idling stop mode.
-The HHV (Hill Hold Valve) is being equipped on one vehicle model. It controls the vehicle by preventing if from drifting forward or backward on hills when it is in the idling stop mode.
Basic brake development
-The Company's lightweight brake system is now being equipped on four vehicle models. In order to meet requirements calling for improved fuel efficiency, the Company has been promoting its use as a lightweight braking system that has a plunger-shaped master cylinder and uses drag-torque technology.
Development of weight reduction technology
-The Company's lightweight, aluminum engine-mounting brackets are being installed on three vehicle models and its aluminum knuckle is being installed on one model.
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-The Company invested to improve and enhance its production capacity.
-The Company invested to prepare for the launch of a new model and improve its business operations.
-The Company continued making investments in Asia in line with the expanding markets in the region, enhancing its production capacities and preparing for the launch of new models.
-The Company invested to increase its production capacity and improve its business structure.