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 |
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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.