Owari Precise Products Co., Ltd. Business Report FY2007

Business Highlights

Financial Overview (in millions of JPY)
  FY2008 FY2007 Rate of change (%) Factors
Sales 14,872 19,812 (24.9) -Steep cuts in the production volume by automakers, the Company's customer base, had a negative impact.

-Sales of precision forged products such as synchronizers for vehicles with manual transmissions dropped as a result of a decline in the volume of automobiles exported. This is because a large proportion of automobiles exported tend to be those equipped with manual transmissions.
Operating income 182 1,487 (87.7) -
Ordinary income 51 1,476 (96.5) -
Current net income (1,114) 795 - -

R&D

R&D Expenditure (in thousands of JPY)
  FY2008 FY2007 FY2006
Overall 3,445 3,346 1,886
Precision forged products 1,749 1,378 996
Screws 1,696 1,968 890

Expenditures on precision forged products
-The Company reassessed the materials used in and the processing methods conducted for manufacturing synchronizer rings in order to improve their durability and develop high-performance, lower cost products.

Expenditures on screws
-The Company is trying to develop short, safe screws such as screws with precise threading capabilities that prevent operators from tightening them at the wrong angle. It is also trying to develop low cost screws too.


Technology Agreements Licensed-in (As of Mar. 2009)
Company Country Products under agreement Details of agreement Contract period 
Conti Fasteners AG, Inc. Switzerland Trilobular screws 1. Establishing the usage rights to trademark rights.
2.Consenting to both manufacturing and sales rights
3.Providing technical information
From Sep. 1, 2004 to Aug. 31, 2009
Acument Global Technologies,Inc. U.S.A. Torx Plus 1. Establishing the usage rights to trademark rights.
2.Consenting to both manufacturing and sales rights
3.Providing technical information
From Jan. 5, 1994 to
Dec. 31, 2011
Strux From Sep. 26, 2007 to
Sep. 26, 2010
Ejot GmbH&Co.KG Industrial Fastner Division Germany Screws 1. Establishing the usage rights to trademark rights.
2.Consenting to both manufacturing and sales rights
3.Providing technical information
From June 21, 2004 to
July 27, 2018
Richard Bergner Verbindungstechnik Gmbh&Co.KG Germany Clinch bolts 1. Establishing the usage rights to trademark rights.
2.Consenting to both manufacturing and sales rights
3.Providing technical information
From June 21, 2004 to
July 27, 2018
Clinch nuts

Investment Activities

Capital investment (in millions of JPY)
  FY2008 FY2007 FY2006
Overall 979 783 635
Machinery 803 513 526
Precision forged products 270 178 316
Screws 219 148 200

Investments in precision forged products
-The Company invested in improving its production lines so as to enhance its production facilities and boost production efficiency.

-The Company invested 312 million yen in machining equipment to prepare for the start of machining synchronizer rings at its subsidiary OYT Co., Ltd.

Investments in screws
-The Company made capital investments to streamline production.