ADVICS Co., Ltd. Business Report FY ended Mar. 2018

Recent Years

Business Overview (FY ended Mar. 31, 2018)

-Sales in the fiscal year that ended in March 2018 were JPY 586,500 million, a year-on-year increase of 5.6%, which was the result of higher sales of new products to customers, among other factors.
-Operating profit was JPY 10,100 million, a 65.5% year-on-year increase, thanks to higher sales and initiatives to improve the profit structure, despite the Company’s incurring higher R&D and depreciation expenses.

Production/Sales Product Orders

(in millions of JPY)

	FY that ended in March 2018			FY that ended March 2017
			Y/Y Change
Advics	Production Volume	586,829	5.1	558,178
Advics	Sales volume	586,568	5.6	555,466
Aisin Group	Production volume	4,504,672	9.3	4,121,587
Aisin Group	Sales volume	4,501,368	9.7	4,104,686

-In the fiscal year that ended in March 2018, Toyota accounted for 30.9% of the Aisin Group’s total sales.

R&D Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2018	FY ended Mar. 31, 2017	FY ended Mar. 31, 2016
Total	20,100	18,000	19,300

Product Development

-The Company announces that it developed a new front disc brake and a new generation of motor on caliper electric parking brake. Both products are adopted for Toyota Motor Corporation’s Camry. The newly developed front disc brake stabilized piston operation within caliper and improved brake feeling. Advics also renovated fin’s shapes of disc rotors, greatly improved cooling capability, and reconsidered caliper’s shape, which led to a 6% weight saving compared to the last generation vehicles. The new generation of motor on caliper electric parking brake adopted original gear shaft maintaining system and saved a 5 % operating sound compared to the last generation, which realized the highest level of quietness in the world. (From a press release on July 14, 2017)

Capital Expenditure

(in millions of JPY)

	FY ended Mar. 31, 2018	FY ended Mar. 31, 2017	FY ended Mar. 31, 2016
Total	19,082	39,771	23,730

Planned Capital Investment

-In the fiscal year that ended in March 2018, the Company invested JPY 36,000 million in capital improvements for facilities and equipment to manufacture brakes and chasses.