Owari Precise Products Co., Ltd. Business Report FY ended Mar. 2015
Financial Overview |
(in millions of JPY) |
FY ended Mar. 31, 2015 | FY ended Mar. 31, 2014 | Rate of change (%) |
Factors | |
Sales | 15,734 | 15,372 | 2.4 | 1) |
Operating income | 521 | 841 | (38.1) | - |
Ordinary income | 792 | 1,091 | (27.4) | - |
Net income | 629 | 852 | (26.2) | - |
Factors
1) Sales
-As a result of unit-production decreasing in Japan, sales in Japan fell; however, sales for the year increased due to higher sales of products at subsidiaries outside Japan.
Outlook for FY ending Mar. 31, 2016 |
(in million JPY) |
FY ending Mar. 31, 2016 (Forecast) |
FY ended Mar. 31, 2015 (Actual Results) |
Rate of Change (%) |
|
Sales | 17,200 | 15,734 | 9.3 |
Operating income | 810 | 521 | 55.4 |
Ordinary income | 830 | 792 | 4.8 |
Net income | 670 | 629 | 6.4 |
R&D Expenses |
(in thousands JPY) |
FY ended Mar. 31, 2015 | FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | |
Overall | N.A. | 3,522 | 3,852 |
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, 2015) |
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, 2015) |
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, 2014 to Aug. 31, 2017 |
Capital Expenditure |
(in millions of JPY) |
FY ended Mar. 31, 2015 | FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | |
Overall | 1,119 | 1,220 | 1,309 |
-Land | 234 | - | - |
-Buildings and structures | - | N.A. | 587 |
-Machinery | 669 | 656 | 552 |
-The Company invested to revamp its production lines, improve productivity, and maintain and renew facilities.
-The Company invested JPY 234 million in land on which it is relocating a production plant.
-The Company invested JPY 407 million to install machinery in order to not only increase the productivity of its production facilities but also maintain and upgrade them.
-The Company invested 169 million yen in machinery in order to manufactures products based on new orders.
-The Company invested 86 million yen in machinery in order to manufactures products based on new orders.
Data
Segment | Mar. 2015 | Mar. 2014 | Mar. 2013 |
Japan | 368 | 351 | 354 |
USA | 21 | 24 | 24 |
India | 76 | 61 | 58 |
Thailand | 97 | 87 | 91 |
Total | 562 | 523 | 527 |
Sales by Segment |
(in millions of JPY) |
FY ended Mar. 31, 2015 | FY ended Mar. 31, 2014 | FY ended Mar. 31, 2013 | ||||
Sales | Ordinary income | Sales | Ordinary income | Sales | Ordinary income | |
Japan | 11,894 | 425 | 12,120 | 730 | 12,265 | 803 |
USA | 1,133 | 27 | 948 | (4) | 685 | 5 |
India | 474 | 42 | 437 | 118 | 230 | 8 |
Thailand | 2,231 | 344 | 1,866 | 276 | 1,530 | 161 |
Adjusted amounts | - | (48) | - | (30) | - | (4) |
Total | 15,734 | 792 | 15,372 | 1,091 | 14,712 | 975 |
Consolidated |
FY ended Mar. 31, 2011 | FY ended Mar. 31, 2012 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2014 | FY ended Mar. 31, 2015 | |
Sales (thousand yen) | 14,742,327 | 14,132,032 | 14,712,952 | 15,372,675 | 15,734,623 |
Income from ordinary business activities (thousand yen) | 783,009 | 688,589 | 975,967 | 1,091,499 | 792,036 |
Net income (thousand yen) | 257,178 | 329,175 | 568,919 | 852,876 | 629,539 |
Comprehensive income (thousand yen) | 134,579 | 264,000 | 718,831 | 1,035,821 | 1,211,243 |
Net assets (thousand yen) | 8,493,750 | 8,687,372 | 9,336,042 | 10,350,914 | 11,482,802 |
Total assets (thousand yen) | 14,161,013 | 15,662,406 | 15,824,273 | 15,932,924 | 16,526,215 |
Book value per share (yen) | 745.37 | 761.24 | 817.16 | 888.70 | 983.63 |
EPS (yen) | 22.56 | 28.90 | 49.97 | 74.06 | 54.41 |
Diluted EDS (yen) | - | - | - | - | - |
Net asset ratio (%) | 60.0 | 55.4 | 58.8 | 64.6 | 68.8 |
ROE (%) | 3.0 | 3.8 | 6.3 | 8.7 | 5.8 |
PER | 9.4 | 8.3 | 4.9 | 4.1 | 6.5 |
Cash flow from operating activity (thousand yen) | 1,638,110 | 570,779 | 1,262,420 | 1,006,356 | 1,105,292 |
Cash flow from investment activity (thousand yen) | (116,418) | (4,156,106) | 2,428,443 | (847,952) | (1,393,624) |
Cash flow from financial activity (thousand yen) | (824,676) | 1,193,757 | (935,179) | (867,707) | (618,709) |
Balance at the term-end of cash and cash equivalents (thousand yen) | 3,747,575 | 1,288,770 | 4,228,832 | 3,691,365 | 2,947,670 |
Number of employees | 486 | 497 | 527 | 523 | 562 |
Non Consolidated
FY ended Mar. 31, 2011 | FY ended Mar. 31, 2012 | FY ended Mar. 31, 2013 | FY ended Mar. 31, 2014 | FY ended Mar. 31, 2015 | |
Sales (thousand yen) | 13,263,023 | 12,742,708 | 12,617,675 | 12,399,989 | 12,170,720 |
Income from ordinary business activities (thousand yen) | 464,650 | 440,971 | 693,399 | 582,952 | 322,224 |
Net income (thousand yen) | 135,534 | 162,029 | 352,222 | 429,493 | 248,019 |
Paid-in Capital (thousand yen) | 1,093,978 | 1,093,978 | 1,093,978 | 1,093,978 | 1,093,978 |
Number of stock outstanding | 11,659,500 | 11,659,500 | 11,659,500 | 11,659,500 | 11,659,500 |
Net assets (thousand yen) | 7,304,494 | 7,412,013 | 7,771,107 | 8,233,877 | 8,593,433 |
Total assets (thousand yen) | 12,769,135 | 14,289,664 | 13,883,607 | 13,490,014 | 13,275,301 |
Book value per share (yen) | 641.04 | 650.76 | 682.79 | 711.48 | 743.04 |
Dividend per share (yen) | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |
EPS (yen) | 11.89 | 14.22 | 30.94 | 37.30 | 21.44 |
Diluted EPS (yen) | - | - | - | - | - |
Net asset ratio (%) | 57.2 | 51.9 | 56.0 | 61.0 | 64.7 |
ROE (%) | 1.9 | 2.2 | 4.6 | 5.4 | 2.9 |
PER | 17.8 | 16.9 | 8.0 | 8.1 | 16.4 |
Payout ratio (%) | 50.5 | 42.2 | 19.4 | 16.1 | 28.0 |
Number of employees | 309 | 306 | 295 | 288 | 302 |