Owari Precise Products Co., Ltd. Business Report FY ended Mar. 2014
Business Highlights
Financial Overview |
(in millions of JPY) |
FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | Rate of change (%) |
Factors | |
Sales | 15,372 | 14,712 | 4.5 | 1) |
Operating income | 841 | 675 | 24.6 | - |
Ordinary income | 1,091 | 975 | 11.9 | - |
Net income | 852 | 568 | 50.0 | - |
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.
R&D
R&D Expenses |
(in thousands JPY) |
FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | |
Overall | 3,522 | 3,852 | 2,489 |
R&D Activities
Japan-In the screw business, the Company is developing plastic tapping screws, screws that can’t be screwed in at an angle, etc.
-In the precision forged products business, the Company is developing its own R&D activities, finding its own ways to respond to the hollowing-out of production in Japan caused by the general migration of production from Japan to locations outside the country. The Company is developing synchronizer rings, carbon rings, and low-priced materials so as to be able to maintain demand in Japan.
Technology Licensed-in Agreement
|
(As of Mar. 31, 2014) |
Company | Country | Products under agreement | Details of agreement | Contract period |
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, 2014 to Apr. 22, 2017 |
Torx Plus | From Jan. 1, 2012 to Dec. 31, 2015 |
|||
Strux | From Jun. 20, 2013 to Jun. 19, 2016 |
|||
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, 2014 to Jun. 14, 2015 |
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, 2014) |
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, 2014 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | |
Overall | 1,220 | 1,309 | 412 |
-Buildings and structures | N.A. | 587 | N.A. |
-Machinery | 656 | 552 | 166 |
-The Company invested to revamp its production lines, improve productivity, and maintain and renew facilities.
<Japan>
-The Company invested JPY 177 million yen in a multistage, parts-forming machine for the purpose of increasing its product range. The Company invested JPY 274 million yen to reduce its risk exposure from any multistage renewal of aging heat-treatment plants and reduce the risks associated with constantly expanding the number of its production sites.
<Thailand>
-The Company invested 128 million yen in machinery in order to manufactures products based on new orders.
Planned Capital Investments
|
(As of Mar. 31, 2014) |
Company | Location | Target of Investment |
Planned Total |
Start | End (Scheduled) |
Capacity Increase after Completion |
The Company Mino Plant |
Gifu Pref., Japan |
Surface treatment facilities |
169 | Jan. 2014 |
Jul. 2014 |
70 tons per month |