Yachiyo Industry Co., Ltd. Business Report FY ended Mar. 2018
Financial Overview |
(IFRS, in millions of JPY) |
| FY ended Mar. 31, 2018 | FY ended Mar. 31, 2017 | Rate of Change (%) | Factors | |
| Overall | ||||
| Revenue | 165,562 | 147,360 | (1.6) | -Revenue rose, thanks to increased product orders for auto parts outside Japan and favorable currency translation. |
| Operating Profit | 9,369 | 10,011 | (14.9) | -Profits increased in line with higher revenue and the positive effect that resulted from optimizing product selling prices. This was in spite of a single impairment loss, cost increases incurred for new models in North America, and higher expenses incurred to respond to increasing production volumes. |
| Profit before tax | 9,223 | 10,160 | (10.4) | |
| Profit for the year attributable to owners of the parent | 4,796 | 4,743 | 0.6 | |
Transfer of Vehicle Assembly Business
- The company announced that it will make organizational changes to strengthen production and other functions. The company will transfer its vehicle assembly business to Honda Motor Co., Ltd. in April 2018, and consolidate managerial resources into its parts businesses for sustainable growth. It will establish a new headquarters to supervise global production sites and strengthen automotive parts production. Current business management operations will be transferred to the new production headquarters. (From an article in the Nikkan Jidosha Shimbun on February 22, 2018)
Product Development
-Developing lightweight, 70MPa high-pressure hydrogen tanks for zero-emission vehicles.
-Developing 45kPa high-pressure, hermetically sealed resin fuel tanks for PHEVs.
-Hermetically sealed tanks compliant with LEV III Standards.
-Commercial production in 2020 of next-generation panoramic sunroof with a 35% wider opening.
-Commercializing carbon fiber reinforced plastic products using pre-preg-compression-molding and resin-transfer-molding technology.
R&D Activities
- Developing metal-honeycomb, high-precision fuel-cell carriers that comply with exhaust-gas regulations worldwide.
- R&D activities on plastic fuel tanks with new structural designs.
- R&D activities and related technology on new types of sunroofs
- R&D activities on environmental technology used to make automotive parts
- R&D activities on special-needs vehicles and driver-assist systems
R&D Facilities
| Plant | Location | Activities |
| Tochigi R&D Center | Tochigi Pref., Japan | Development of fuel tanks and sunroof systems for mass-market vehicles |
| Saitama R&D Center | Saitama Pref., Japan | R&D activities on next-generation products. Established in April 2012 |
| Goshi Giken Co., Ltd. | Kumamoto Pref., Japan | Motorcycle parts |
| Yachiyo of America Inc. | Ohio, U.S. | Designing and testing of sunroofs and fuel tanks manufactured in North America. Established in July 2008 |
R&D Expenditure |
(in millions of JPY) |
| FY ended Mar. 31, 2018 | FY ended Mar. 31, 2017 | FY ended Mar. 31, 2016 | |
| Overall | 4,305 | 3,838 | 4,009 |
Capital Expenditure |
(in millions of JPY) |
| FY ended Mar. 31, 2018 | FY ended Mar. 31, 2017 | FY ended Mar. 31, 2016 | |
| Japan | 3,114 | 2,431 | 1,587 |
| Americas | 2,402 | 989 | 1,215 |
| China | 2,083 | 1,317 | 1,090 |
| Asia | 1,860 | 1,601 | 1,019 |
| Overall | 9,460 | 6,340 | 4,922 |
-Actual results in the fiscal year that ended in March 2018: responded to new orders, increased capacity, renewed facilities, and set up testing facilities.
Planned Capital Investments |
(As of Mar. 31, 2018) |
| Company/Facility (Location) |
Facility Details | Planned Investment Total (in million yen) |
Start | End (Scheduled) |
Remarks |
| Kashiwabara Plant (Saitama Pref., Japan) |
Production facilities | 2,034 | Aug. 2017 | Mar. 2019 | Respond to new orders, improve environment |
| Suzuka Plant (Mie Pref., Japan) |
Production facilities | 477 | Sep. 2017 | Feb. 2019 | Respond to new orders, reduce energy consumption, streamline operations |
| Kameyama Branch (Mie Pref., Japan) |
Production facilities | 195 | Mar. 2018 | Oct. 2018 | Reduce energy consumption, streamline operations, renew facilities |
| Headquarters (Saitama pref., Japan) |
Facilities for managing operations | 231 | Mar. 2018 | Mar. 2019 | Renew facilities, reduce energy consumption, streamline operations |
| Tochigi R&D Center (Tochigi Pref., Japan) |
R&D facilities | 577 | Apr. 2018 | Mar. 2019 | Install testing facilities, renew facilities |
| Saitama R&D Center (Sayama, Saitama Pref.) |
R&D facilities | 227 | Dec. 2017 | Dec. 2018 | Install testing facilities, improve environment |
| Goshi Giken Co., Ltd. (Kumamoto Pref., Japan) |
Production facilities, R&D facilities | 1,010 | Apr. 2018 | Mar. 2019 | Respond to new orders, Install testing facilities |
| Uemura Tec Co., Ltd. (Kumamoto Pref., Japan) |
Production facilities | 98 | Aug. 2017 | Mar. 2019 | Respond to new orders, renew facilities |
| Goshi Tec Co., Ltd. (Kumamoto Pref., Japan) |
Production facilities | 390 | Apr. 2018 | Sep. 2019 | Respond to new orders, increase production capacity |
| Yachiyo of America, Inc. (Ohio, USA) |
R&D facilities | 351 | Apr. 2018 | Mar. 2019 | Increase production capacity, renew facilities |
| US Yachiyo Inc. (Ohio, USA) |
Production facilities | 2,501 | Apr. 2018 | Mar. 2020 | Renew facilities, reduce energy consumption, streamline operations |
| Yachiyo Manufacturing of America, LLC (Georgia, USA) |
Production facilities | 314 | Apr. 2018 | Feb. 2019 | Renew facilities, reduce energy consumption, streamline operations |
| AY Manufacturing Ltd. (Ohio, USA) |
Production facilities | 383 | Jan. 2018 | Mar. 2019 | Renew facilities, reduce energy consumption, streamline operations |
| Yachiyo Zhongshan Manufacturing Co., Ltd. (Guangdong Prov., China) |
Production facilities | 1,411 | Apr. 2018 | Mar. 2019 | Respond to new orders, increase production capacity |
| Yachiyo Wuhan Mfg. Co., Ltd. (Hubei Prov., China) |
Production facilities | 3,407 | May 2017 | Aug. 2020 | Respond to new orders, increase production capacity |
| Siam Goshi Manufacturing Co., Ltd. (Rayong Province, Thailand) |
Production facilities | 841 | Jan. 2018 | Mar. 2019 | Respond to new orders, renew equipment, facilities |
| Goshi-Thanglong Auto-Parts Co., Ltd (Hanoi, Vietnam) |
Production facilities | 580 | Apr. 2018 | Feb. 2019 | Reduce energy consumption, streamline operations, renew facilities |
| Goshi India Auto Parts Private Ltd. (Haryana, India) |
Production facilities | 350 | Apr. 2018 | Nov. 2019 | Reduce energy consumption, streamline operations, respond to new orders |
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
Sales Forecast by Business Sector |
(in 100 million of JPY) |
| FY ended Mar. 31, 2019 (Forecast) |
FY ended Mar. 31, 2018 (Actual results) |
Rate of Change (%) | |
| Automotive parts | 1,630 | 1,656 | (1.6) |
| -Sunroofs | 540 | 539 | 0.2 |
| -Fuel tanks | 397 | 384 | 3.4 |