Owari Precise Products Co., Ltd. Business Report FY2010
Business Highlights
Financial Overview |
(in millions of JPY) |
FY2010 (ended Mar. 2011) |
FY2009 | Rate of change (%) | Factors | |
Sales | 14,742 | 13,101 | 12.5 | The Company recorded an 18.1% year-on-year increase in sales of precision forged parts, thanks to an increase in sales of synchronizer rings used on manual-transmission cars, which accounted for a large percentage of the vehicles exported. |
Operating income | 890 | 438 | 103.2 | - |
Ordinary income | 783 | 451 | 73.6 | - |
Net income | 257 | 388 | (33.8) | - |
R&D
R&D Expenses |
(in thousands of JPY) |
FY2010 | FY2009 | FY2008 | |
Overall | 2,344 | 3,492 | 3,445 |
Precision forged products | - | 2,935 | 1,749 |
Screws | - | 557 | 1,696 |
Japan
The Company is working to develop high-performance, carbon synchronizers; and aluminum bolts. Its R&D expenses for FY2010, which ended March 2011, were 2.344 million yen.
Technology Agreements Licensed-in
(As of Mar. 31, 2011)
Company | Country | Products under agreement | Details of agreement | Contract period |
Japan Fastener Research & Engineering Co., Ltd. | Japan | Trilobular screws | 1. Establishing the usage rights to trademark rights. 2.Consenting to both manufacturing and sales rights 3.Providing technical information |
From Jan. 1, 2011 to Dec. 31, 2011 |
Acument Global Technologies, Inc. | Netherlands | Torx | 1. Establishing the usage rights to trademark rights. 2.Consenting to both manufacturing and sales rights 3.Providing technical information |
From Apr. 23, 2008 to Apr. 22, 2011 |
Torx Plus | From Dec. 28, 1993 to Dec. 31, 2011 |
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Strux | From Jun. 20, 2010 to Jun. 19, 2013 |
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Ejot GmbH & Co. KG, Industrial Fastener Division |
Germany | PT screws Delta PT screws |
1. Establishing the usage rights to trademark rights. 2.Consenting to both manufacturing and sales rights 3.Providing technical information |
From Jun. 21, 2004 to Jul. 27, 2018 |
ITW Automotive C&F Japan | Japan | Locks | 1. Establishing the usage rights to trademark rights. 2.Consenting to both manufacturing and sales rights 3.Providing technical information |
From Jun. 15, 2009 to Jun. 14, 2011 |
MAThread, Inc. | USA | MATheard MATpoint |
1. Establishing the usage rights to trademark rights. 2.Consenting to both manufacturing and sales rights 3.Providing technical information |
From Oct. 30, 2009 to Oct. 29, 2024 |
Technology Agreements Licensed-out
(As of Mar. 31, 2011)
Company | Country | Products under agreement | Details of agreement | Contract period |
Hexas Precision (Jiaxing) Co., Ltd. | China | Bolts | Technical assistance regarding production, application and sales | From Sep. 1, 2008 to Aug. 31, 2011 |
Investment Activities
Capital Expenditure |
(in millions of JPY) |
FY2010 | FY2009 | FY2008 | |
Overall | 160 | 105 | 979 |
Machinery | 96 | 43 | 803 |
Precision forged products | - | 16 | 270 |
Screws | - | 26 | 219 |
-The Company invested mainly in machinery to maintain and update facilities.
-The Company invested 88 million yen in Japan for machinery and equipment.
Planned New Facilities
(As of Mar. 31, 2011)
Company | Location | Target of Investment |
Planned Total |
Start | End (Scheduled) |
Capacity Increase after Completion |
Owari Precision Products (India) Pvt. Ltd. | Bangalore, India |
Facilities and equipment for manufacturing shift-shafts and synchronizer rings | 173,442 | Jan. 2011 |
Dec. 2012 |
81,000 parts more per month |