Johnson Electric Group Business Report FY ended Dec. 2017

Financial overview

(in million USD)
FY ended Mar. 31, 2018 FY ended Mar. 31, 2017 Rate of change Factors
Sales 3,236.56 2,776.10 16.59% -Halla's November sales were acounted.
Operating profit 335.20 295.51 13.43% -
Profit before taxation 322.81 290.31 11.19%
Profit after taxation 274.27 246.51 11.26%
Automotive Products Group (APG)
Sales 2,493.62 2,090.82 19.27%

-Business development;
-Acquisition of 50% shares in AML and Halla Stackpole

Plant Expansion
-Johnson Electric announced a CAD 351 million investment for new equipment and capacity at facilities in the Toronto and Hamilton area. The company's investment will support the purchase of new equipment for powder metal manufacturing, as well as the establishment of a Global Centre of Excellence for E-Pump Development. The project is scheduled for completion in 2024. The expansion is expected to create 326 new jobs and retain a further 1,714 manufacturing positions across Ontario. To support Johnson Electric’s expansion, Ontario has committed up to CAD 24.1 million through the Jobs and Prosperity Fund. Johnson Electric recently acquired Ontario-based Stackpole International, a manufacturer of innovative engine and transmission pumps and powder metal components. (Ontario Provincial Government release on December 2, 2017)

New Plant

-The Company inaugurated its new plant in Arujá, Brazil, on May 8, 2017, and celebrated its opening. (From a press release on May 12, 2017)


-In March 2017, the Company signed a contract with Halla Holdings Corporation regarding share acquisition. The company will acquire 50% of the shares in Halla Stackpole for USD 83.8 million to raise its stake in the Korean automotive parts supplier to 80% from 30%. Halla Stackpole and its subsidiaries manufacture and sell sintered automotive parts in Asia. It’s headquartered in Ochang, South Korea, and has manufacturing sites in South Korea and China. (From a corporate announcement on March 23, 2017)

R&D Structure

-The Company has R&D centers in Germany, U.K., Italy, Japan, America, China, Israel, and Switzerland.

-Automotive technology research and development mainly concentrated in micro-organs, engine cooling fan module, HVAC, seat, engine management, gearbox, brake system, adapter power supply, power windows, car door locks and rear view mirror.

-in 2017, the Company has over 40,000 staff (1,600 are engineers). It applied over 750 application for patent.

Capital investment

(in million USD)
FY ended Mar. 31, 2018 FY ended Mar. 31, 2017 FY ended Mar. 31, 2016
Total 305.8 240.2 186.2