Toyota Industries Corporation Business Report FY2009
Business Highlights
Financial Overview |
(in millions of JPY) |
FY2009 | FY2008 | Rate of change(%) | Factors | |
Overall | ||||
Sales | 1,377,769 | 1,584,252 | (13.0) | - |
Operating profit | 22,002 | (6,621) | - | - |
Ordinary profit | 31,756 | 14,343 | 121.4 | - |
Net profit | (26,273) | (32,767) | - | - |
Automotive Division | ||||
Sales | 791,166 | 774,389 | 2.1 | 1) |
Operating profit | 23,663 | (11,504) | - | - |
1)
Automotive division performance by business
Automobiles
-Sales of finished vehicles increased by 20.6 billion yen or 5 percent year-on-year to 398.7 billion yen, thanks to a rise in sales of the RAV4. Sales of the Vitz and the Mark X Zio, however, decreased from the previous year's result.
Engines
-Sales of engines increased by 8.4 billion yen or 5 percent year-on-year to 165 billion yen, supported by a rise in sales of AR gasoline engines.
Automotive air-conditioning compressors
- Sales of automotive air-conditioning compressors fell by 9.3 billion yen or 5 percent year-on-year to 177 billion yen due mainly to lower production volumes at car manufacturers.
Contracts
-The Company announced that its newly developed cooling device for a hybrid-vehicle's power control unit (PCU) has been adopted for the new Toyota Prius.-The Company announced development of the global-first technology to reduce autobody weight by using the 3-dimensional Carbon Fiber Reinforced Plastics (3D-CFRP), which has been selected by Toyota Motor Corp.
>>>See R&D for more details
-The Company will supply its plastic panoramic roofs to production vehicles to be introduced by a Japanese automaker in 2011. While comparatively small plastic windows have been incorporated in production vehicles of Japanese automakers as small-size windows and sliding sunroofs, this will be the first case that the plastic window covers most of the roof. The roof module weight will be halved compared to the glass one, which will contribute to approx. 0.1g reduction of CO2 emission per 1 km driving, according to the Company. (From an article in the Nikkan Jidosha Shimbun on Nov. 2, 2009)
Recent Developments in Japan
-The Company announced the cumulative production of its car air-conditioning compressors has reached 300 million units since its first car air-conditioning compressor model rolled off the line at the plant in Kariya City, Aichi Prefecture, back in Jan. 1960. (From a press release on Aug. 17, 2009)
Financial Overview for FY2009 |
(in billions of JPY) |
FY2010 (forecast) |
FY2009 | Year-on-year Fluctuation | |
Sales | 1,400.0 | 1,377.7 | 223 |
-Automotive Division | 745.0 | 778.3 | (333) |
Operating income | 45.0 | 22.0 | 230 |
Ordinary income | 50.0 | 31.7 | 183 |
Net income | 27.0 | (26.2) | - |
Sales of Automotive Products |
(in billions of JPY) |
FY2010 (forecast) |
FY2009 | Year-on-year Fluctuation | |
Complete vehicles | 3,350 | 398.7 | (637) |
Engines | 1,700 | 165.0 | 50 |
Compressors | 1,870 | 177.0 | 100 |
R&D
R&D Expenditure |
(in millions of JPY) |
FY2009 | FY2008 | FY2007 | |
Overall | 26,826 | 33,646 | 36,750 |
Automobiles | 15,257 | 17,033 | 17,370 |
-In 2009, the focus of R&D activities was on developing power control units and electric compressors for hybrid electric vehicles; as well as developing charging devices for plug-in hybrid vehicles.
Product Development
Cooling device for a hybrid-vehicle's power control unit-The Company announced that its newly developed cooling device for a hybrid-vehicle's power control unit (PCU) has been adopted for the new Toyota Prius. It has developed the world's first technology to directly join the power semiconductor and the cooling device, which has substantially improved the cooling capacity and downsized the PCU. This cooling device has a new structure which makes it possible to be directly soldered with the power semiconductor. The original brazing technique jointly developed with Showa Denko K.K. has been utilized to produce this new structure which is capable of absorbing different coefficients of thermal expansion of respective materials. Compared to the previous cooling system that the coolant water runs through the chased passage of the PCU case, the cooling performance has been improved by 33% and the cooling device has been downsized to one third. The new PCU, therefore, has been downsized by 37%. (From an article in the Nikkan Jidosha Shimbun on May 22, 2009)
3-dimensional Carbon Fiber Reinforced Plastics
-The Company announced development of the global-first technology to reduce autobody weight by using the 3-dimensional Carbon Fiber Reinforced Plastics (3D-CFRP), which has been selected by Toyota Motor Corp. (TMC) for the Lexus LF-A. By taking advantage of its unique fabric mechanics, it has inserted additional carbon fiber into the conventional 2-dimensional fabric of warp and woof to increase the strength. The new technology is used for the Lexus LF-A's crash box, which absorbs collision impact. Jointly with TMC, the Company has also developed the mass-production technology of the CFRP products, which is also used to manufacture the roof-side-rail and the floor. Compared with the conventional 2D-CFRP, the new 3D-CFRP has 1.5 times higher energy absorbing capacity. The new crash box weighs 80% less than the iron-made one. (From an article in the Nikkan Jidosha Shimbun on Oct. 23, 2009)
EV charger for plug-in hybrid vehicles
-The Company announced development of an EV charger for plug-in hybrid vehicles (PHV). It is an electric power converter which transforms household alternating current to direct-current in order to charge the high-voltage batteries for PHVs. In the Toyota Prius Pug-in Hybrid, launched on Dec. 14, this small-size, air-cooling converter is mounted under the driver's seat. The EV charger measures 470 mm x 205 mm x 95 mm and weighs 6.6 kg. With 100 V alternating current input, it outputs approx. 1 kW, while fed by 200 V alternating current, it outputs 2 kW. For a full charge, 100 V input will take 3.5 hours and 200 V input will take 1.75 hours. The Company will also work on development of a water-cooling charger for PHV-exclusive models. (From an article in the Nikkan Jidosha Shimbun on Dec. 18, 2009)
Investment Activities
Capital Expenditure |
(in millions of JPY) |
FY2009 | FY2008 | FY2007 | |
Overall | 47,562 | 134,534 | 130,776 |
Automobiles | 12,000 | 52,842 | 43,541 |
Breakdown in Capital Expenditures by Major Automotive Division |
(in millions of JPY) |
Unit | FY2009 | FY2008 |
The Company | 7,333 | 32,920 |
Tokyu Co., Ltd. | N.A. | 5,475 |
Tokaiseiki Co., Ltd. | N.A. | 4,802 |
Toyota Industry Automotive Parts (Kunshan) Co., Ltd. | 2,237 | 2,829 |
Iwama Loom Works, Ltd. | N.A. | 1,620 |
TD Deutsche Klimakompressor GmbH | N.A. | 1,520 |
New Equipment Installations (Automotive Business)
(As of Mar. 31, 2010)
Company/ Plant (Location) |
Equipment to be installed | Planned amount of investment (millions of yen) | Project period | |
From | To | |||
Companies included in consolidated financial statements | ||||
Nagakusa Plant (Aichi Pref., Japan) |
Facilities for manufacturing compact cars |
9,859 | May, 2009 | Mar., 2011 |
Hekinan Plant (Aichi Pref., Japan) |
Facilities for manufacturing gasoline and diesel engines | 2,500 | Apr. 2010 | Mar. 2011 |
Anjo Plant (Aichi Pref., Japan) |
Facilities for manufacturing in-vehicle electronic equipment | 2,232 | Apr. 2010 | Mar. 2011 |
Kariya Plant (Aichi Pref., Japan) |
Facilities for manufacturing automobile air-conditioner compressors |
1,953 | Apr. 2010 | Mar. 2011 |
Obu Plant (Aichi Pref., Japan) |
Facilities for manufacturing compressor components for automobile air-conditioners |
1,200 | Apr. 2010 | Mar. 2011 |
Higashichita Plant (Aichi Pref., Japan) |
Facilities for manufacturing casting products used in engines |
1,000 | Apr. 2010 | Mar. 2011 |
Higashiura Plant (Aichi Pref., Japan) |
Facilities for manufacturing compressor components used in automobile air-conditioners |
350 | Apr. 2010 | Mar. 2011 |
Kyowa Plant (Aichi Pref., Japan) |
-Facilities for manufacturing in-vehicle electronic devices |
268 | Apr. 2010 | Mar. 2011 |
Subsidiaries in Japan | ||||
Tokaiseiki Co., Ltd. (Shizuoka Pref., Japan) |
Facilities for manufacturing automotive components |
1,528 | Apr. 2010 | Mar. 2011 |
Subsidiaries outside Japan | ||||
Toyota Industry Automotive Parts (Kunshan) Co., Ltd. (Jiangsu, China) |
Facilities for manufacturing casting products used in engines | 1,731 | Jan. 2010 | Dec. 2010 |