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
Strux From Jun. 20, 2010
to Jun. 19, 2013
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
Investment

Total
(in 1,000 rupees)

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