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Owari Precise Products Co., Ltd. Business Report FY ended Mar. 2013
Business Highlights
Financial Overview |
(in millions of JPY) |
| FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | Rate of change (%) |
Factors | |
| Sales | 14,712 | 14,132 | 4.1 | 1) |
| Operating income | 675 | 714 | (5.5) | - |
| Ordinary income | 975 | 688 | 41.7 | - |
| Net income | 568 | 329 | 72.6 | - |
Factors
1) Sales
-Sales were higher year-on-year, thanks to increased new-vehicle sales of both compact and passenger cars in Japan and to strong exports, especially to Europe.
Restructuring
-The Company's subsidiary Asahi Tekkojo Co., Ltd. has been merged with Moriyama Mtg. Co., Ltd. to become "Moriyama Mtg. Co., Ltd. (Shimoi Plant)". Owari Precise Products now owns five consolidated subsidiaries; two in Japan and three overseas, in the U.S., India, and Thailand. (From a press release issued in October 2012)R&D
R&D Expenses |
(in thousands JPY) |
| FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | |
| Overall | 3,852 | 2,489 | 2,344 |
R&D Activities
Japan-In order to deliver lower cost products, the Company worked to develop and find materials both in and outside Japan that can still maintain the same level of performance but at lower cost. Also, the Company developed high-strength bolts, tapping screws for use on plastics, non-loosening screws, screws that prevent tilting and jamming when being inserted and carbon synchros, which are designed to respond to environmental needs and requirements for lighter products.
Technology Licensed-in Agreement
|
(As of Mar. 31, 2013) |
| Company | Country | Products under agreement | Details of agreement | Contract period |
| Conti Fasteners AG | Switzerland | Tap Tight | 1. Establishing the usage rights to trademark rights. 2. Consenting to both manufacturing and sales rights 3. Providing technical information |
From Jan. 1, 2013 to Jun. 30, 2013 |
| 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, 2011 to Apr. 22, 2014 |
| Torx Plus | From Jan. 1, 2012 to Dec. 31, 2015 |
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| Strux | From Jun. 20, 2013 to Jun. 19, 2016 |
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| Ejot GmbH & Co. KG, Industrial Fastener Division |
Germany | 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 |
| Delta PT screws | ||||
| 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, 2013 to Jun. 14, 2014 |
| MAThread, Inc. | USA | MATheard | 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 |
| MATpoint | ||||
| Magni Japan, Inc. | Japan | High corrosion-resistant coating agent for metal fittings | 1. Establishing the usage rights to trademark rights. 2. Consenting to both manufacturing and sales rights 3. Providing technical information |
From Dec. 1, 2012 to Nov. 30, 2015 |
Technology Licensed-out Agreement
|
(As of Mar. 31, 2013) |
| 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, 2011 to Aug. 31, 2014 |
Investment Activities
Capital Expenditure |
(in millions of JPY) |
| FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | FY ended Mar. 31, 2011 | |
| Overall | 1,309 | 412 | 160 |
| -Buildings and structures | 587 | N.A | N.A |
| -Machinery | 552 | 166 | 96 |
-The Company invested to add plant buildings, revamp its production lines, improve productivity, and maintain and renew facilities.
<Japan>
-The Company invested 536 million yen in buildings and structures to strengthen its production framework to be ready for the future. It added plant buildings so as to reorganize its production plants, which includes enhancing distribution efficiencies.
-The Company invested 292 million yen in machinery in order to enhance the productivity of, and maintain and renew, its manufacturing facilities.
<India>
-The Company invested 118 million yen in machinery in order to manufactures products based on new orders.
Planned Capital Investments
|
(As of Mar. 31, 2013) |
| Company | Location | Target of Investment |
Planned Total |
Start | End (Scheduled) |
Capacity Increase after Completion |
| The Company Mino Plant |
Gifu Pref., Japan |
Heat treatment furnace | 138 million yen | Feb. 2013 |
Jun. 2013 |
47 million parts more per month |
| Heat treatment furnace | 136 million yen | Aug. 2013 |
Oct. 2013 |
47 million parts more per month |
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