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Nippon Seiki Business Report FY2007
Business Highlights
Financial Overview
Recent developments outside Japan
-Brazil
The Company prepared for the opening of a new plant at its Brazilian facility producing automotive instruments, NS Sao Paulo Components Automotivos Ltda. The new plant started commercial production in January 2008, supplying products to Honda.
-Mexico
In April 2008 the Company decided to establish two new companies to manufacture and sell automotive instruments and related components under the aim of enhancing its production capacity and becoming more cost competitive in the Americas.
-China
Nippon Seiki Engineering Plastic (Nantong) Co., Ltd., which is a plant that colors resin materials, will construct an additional plant building to enhance the automotive instrument business and expand the plastic molding business. The company started constructing the new building in January 2008, getting it ready for a production launch set for August 2008.
>>> See Investment for more details
-Europe
The Company started supplying heads-up displays for the PSA/Citroen C6; and combination meters for the C5. The Company plans to increase its business with PSA after FY2008, which will end March 31, 2009.
Activities to win new orders
The Company will strengthen marketing of its automotive safety system using a 360-degree ultra compact camera module. It is committed to supply this advanced driver support system to the auto industry as early as possible. (From an article in the Nikkan Jidosha Shimbun on Jun.12, 2007)
>>> See R&D for more details
| (in million JPY) | FY2007 | FY2006 | Rate of Change | Factors |
| Overall | ||||
| Sales | 197,013 | 193,178 | 2.0% | - |
| Operating income | 21,351 | 19,703 | 8.4% | - |
| Ordinary income | 17,996 | 20,770 | (13.4%) | - |
| Current net income | 11,153 | 11,840 | (5.8%) | - |
| Automotive and general-purpose instrument business | ||||
| Sales | 134,291 | 127,207 | 5.6% | Sales of automotive instruments in Japan, North America, Europe and Asia increased. |
| Operating income | 18,104 | 17,085 | 6.0% | Operating income increased due to its global productivity improvement activities. |
Recent developments outside Japan
-Brazil
The Company prepared for the opening of a new plant at its Brazilian facility producing automotive instruments, NS Sao Paulo Components Automotivos Ltda. The new plant started commercial production in January 2008, supplying products to Honda.
-Mexico
In April 2008 the Company decided to establish two new companies to manufacture and sell automotive instruments and related components under the aim of enhancing its production capacity and becoming more cost competitive in the Americas.
-China
Nippon Seiki Engineering Plastic (Nantong) Co., Ltd., which is a plant that colors resin materials, will construct an additional plant building to enhance the automotive instrument business and expand the plastic molding business. The company started constructing the new building in January 2008, getting it ready for a production launch set for August 2008.
>>> See Investment for more details
-Europe
The Company started supplying heads-up displays for the PSA/Citroen C6; and combination meters for the C5. The Company plans to increase its business with PSA after FY2008, which will end March 31, 2009.
Activities to win new orders
The Company will strengthen marketing of its automotive safety system using a 360-degree ultra compact camera module. It is committed to supply this advanced driver support system to the auto industry as early as possible. (From an article in the Nikkan Jidosha Shimbun on Jun.12, 2007)
>>> See R&D for more details
R&D
R&D Structure
The Company has an R&D Center and a Technical Center in
Nagaoka City, Niigata prefecture.
The Company was engaged in the development of vehicle equipment
and other diversified products through close collaboration between
the R&D Center, the development and design department of each
business segment, and the production technology department.
| (in million JPY) | FY2007 | FY2006 | FY2005 |
| Overall | 3,315 | 3,403 | 3,394 |
| Automobile and general-purpose instruments business | 3,021 | 2,803 | 2,585 |
Major R&D activities (Automobile
and general-purpose instruments business)
The Company is engaged in:
- developing products for HMI (Human Machine Interface) such as
heads-up displays. Also developing technology on information display
systems that provide assistance to drivers.
- developing technology on onboard optics and actuators
- developing onboard sensor devices
New Product Development
The Company will strengthen marketing of its automotive safety system
using a 360-degree ultra compact camera module. This simply designed
safety equipment is able to capture a 360-degree view at all times,
and has an efficient image processing system, which allows the driver
to have clear-cut images of specific zones by checking the display
on an in-vehicle monitor. It is committed to supply this advanced
driver support system to the auto industry as early as possible.
The compact camera uses its proprietary aspherical plastic lens,
which achieves a horizontal angle of 360 degrees and a depression
angle of 65 degrees. The small 13.2 mm (diameter) lens can be easily
installed in the compact camera. (From an article in the Nikkan
Jidosha Shimbun on Jun. 12, 2007)
Licensing of technology
( As of Mar. 31, 2008)
| Partner | Location | Contract | Contract Period |
| Tatung Precise Meter Co., Ltd. | Taiwan | Technical licensing on four- wheeled vehicle meters |
5 years from 2006.02.26 |
| JNS Instruments Ltd. | India | Supplying know-how on manufacturing meters for motorcycles and four- wheeled vehicles |
6 years from 2002.12.30 |
Investment Activities
Capital Expenditure
| (in million JPY) | FY2007 | FY2006 | FY2005 |
| Overall | 8,234 | 11,847 | 8,848 |
| Automotive and general purpose instrument business | 6,565 | 7,979 | 7,513 |
The Company invested in board-mounting facilities, printing facilities, and instrument-assembly facilities at Thai Nippon Seiki Co., Ltd. to prepare for the production of new vehicle models, expand its production capacity, and upgrade facilities..
Investments outside Japan (FY2007)
-China
Nantong NS Advantech Co., Ltd., which is a company engaged in coloring resin materials in China, will construct an additional plant building to enhance the automotive instrument business and grow the plastic molding business. The company planned to start construction of the new building in January 2008, with operations set to begin in August 2008. The Company will initially invest about 400 million yen on the building and production facilities. The new plant will manufacture processed plastic components such as instrument pointers and printed dials. As a result, the new plant will have integrated production operations that enables it to not only color and process plastic materials but also manufacture processed components. Nantong NS Advantech expects sales of 600 million yen in FY2007 and has plans to increase sales to 1.1 billion yen in FY2010. (From a press release on Dec. 25, 2007)
-India
The Company will construct a new building at a joint-venture company, JNS Instruments Ltd., to increase production of automotive instruments. Construction will be completed in December 2008.
Planned capital investment (Meters for automobile and general-purpose use)
| Name
of company or facility (Location) |
Purpose | Planned
total investment (in million JPY) |
Starting | Planned Completion |
| Nihon Seiki
Co., Ltd. Head office Plant (Niigata Pref., Japan) |
HUD manufacturing facility | 73 |
Dec. 2007 |
Jul. 2008 |
| NS Advantech
Co., Ltd. Head office Plant (Niigata Pref., Japan) |
Forming and printing facility | 198 | Apr. 2008 |
Mar. 2009 |
| NS Advantech
Co., Ltd. Nagaoka Plant (Niigata Pref., Japan) |
Coloring facility | 191 | Apr. 2008 |
Mar. 2009 |
| YNS Inc. Head office Plant (Hiroshima Pref., Japan) |
Instrument assembly facility | 158 | Jun. 2008 |
Mar. 2009 |
| Board mounting facility | 103 | Aug. 2008 |
Jan. 2009 |
|
| UK-NSI
Co., Ltd. (Worcestershire, UK) |
Instrument assembly facility | 76 | Apr. 2008 |
Aug. 2008 |
| New Sabina
Industries Inc. (Ohio, USA) |
Instrument assembly facility | 80 | Jan. 2009 |
Mar. 2009 |
| Shanghai
Nissei Display System Co., Ltd. (Shanghai, China) |
Board mounting facility | 70 | Jan. 2008 |
Dec. 2008 |
Japan
+81-3-4241-3907
USA
Mexico
Germany
China (Shanghai)
Thailand
India