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Taiho Kogyo Co., Ltd Business Report FY ended Mar. 2020
Financial Overview |
(in million JPY) |
| FY ended Mar. 31, 2020 | FY ended Mar. 31, 2019 | Rate of Change (%) | Remarks | |
| Overall | ||||
| Sales | 104,149 | 113,419 | (8.2) | |
| Operating income | 2,413 | 4,837 | (50.1) | - |
| Ordinary income | 2,173 | 4,727 | (54.0) | - |
| Profit for the year attributable to owners of the parent | 991 | 2,626 | (62.3) | - |
| Automotive Component Business | ||||
| Sales | 89,562 | 95,903 | (6.6) | -Factors below |
| Operating income | 6,849 | 9,932 | (31.0) | - |
Factors
-Axles: The Company launched new axles and increased production mainly in China, Europe, and North America. However the business results were impacted by the fierce price competition worldwide spurred by TNGA, etc., and the global economic slowdown such as in China. As a result, sales on a consolidated basis were JPY 41.9 billion yen, a decrease of JPY 4.5 billion y/y.
-System products: Thanks to increases sales of vacuum pumps in Japan and North America, sales on a consolidated basis increased JPY 400 million y/y, to JPY 18.3 billion.
-Die-cast products: Sales on a consolidated basis were JPY 8.8 billion yen, a decrease of JPY 1.1 billion because of lower production of models being equipped with the Company’s die-cast products and because of an economic slowdown in China.
-Gaskets: Sales on a consolidated basis were JPY 15.9 billion, a decrease of JPY 400 milion y/y because of the economic slowdown in China and other negative factors.
R&D Expenditure |
(in million JPY) |
| FY ended Mar. 31, 2020 | FY ended Mar. 31, 2019 | FY ended Mar. 31, 2018 | |
| Overall | 3,558 | 3,720 | 3,905 |
| Automotive Component Business | 3,387 | 3,420 | 3,445 |
R&D Activities
-In the fiscal year that ended in March 2020, the Company developed new technology and new materials designed for next-generation axles, along with developing applications for other products and mainstream components with added value. In addition, the Company plans to make use of its group-wide technologies to develop products for electric-powered vehicles in line with the anticipated growth of hybrid, plug-in-hybrid, fuel-cell and electric vehicles.
Capital Expenditure |
(in million JPY) |
| FY ended Mar. 31, 2020 | FY ended Mar. 31, 2019 | FY ended Mar. 31, 2018 | |
| Overall | 7,909 | 10,120 | 10,303 |
| Automotive Component Business | 7,871 | 9,924 | 9,871 |
Auto-parts Business
-The Company is making capital investments to switch over to new products, and increase, maintain, and upgrade production capacity. The following outlines the details of capital-investment spending.
- In Japan: switch over to new products and increase production capacity at Nippon Gasket, a subsidiary.
- Outside Japan: G-type metal production line 7 at Taiho Kogyo Yantai.
New Facilities
-The Taiho Group has allocated a budget of JPY 6,500 million for capital investments in the fiscal year ending in March 2021. The details are below.
| Plant | Facilities to be built | Planned investment (in million JPY) |
Objective |
| Taiho Kogyo Co., Ltd. Headquarters and Headquarters plant (Aichi Pref., Japan) |
Production facilities to manufacture die casting products, etc. | 1,251 | Switch over to new products; expand, and increase production capacity |
| Taiho Kogyo Co., Ltd. Hosoya plant (Aichi Pref., Japan) |
Production facilities to manufacture bearings, etc. | 854 | Switch over to new products; expand, and increase production capacity |
| Taiho Kogyo Co., Ltd. Shinohara plant (Aichi Pref., Japan) |
Production facilities to manufacture bearings, etc.+ | 96 | Switch over to new products; expand and increase production capacity |
| Taiho Kogyo Co., Ltd. Kyushu plant (Kagoshima Pref., Japan) |
Production facilities to manufacture bearings, etc. | 229 | Switch over to new products; expand and increase production capacity |
| Taiho Kogyo Co., Ltd. Koukai plant (Aichi Pref., Japan) |
Production facilities to manufacture bearings, etc. | 266 | Switch over to new products; expand and increase production capacity |
| Taiho Kogyo Co., Ltd. Gifu plant (Gifu Pref., Japan) |
Production facilities to manufacture bearings, etc. | 706 | Switch over to new products; expand and increase production capacity |
| Taiho Seiki Co., Ltd. Headquarters and Headquarters plant (Aichi Pref., Japan) |
Production facilities to manufacture bearings, etc. | 350 | Switch over to new products; renew and rationalize operations |
| Nippon Gasket Co., Ltd. Shiga Plant (Shiga Pref., Japan) |
Production facilities to manufacture bearings, etc. | 900 | Switch over to new products; renew and rationalize operations |
| Taiho Corporation of America Headquarters and Headquarters plant (Ohio, USA) |
Production facilities to manufacture bearings, etc. |
176 |
Switch over to new products; renew and rationalize operations |
| PT. Taiho Nusantara Headquarters and Headquarters plant (West Java, Indonesia) |
Production facilities to manufacture bearings, etc. | 151 | Switch over to new products; renew and rationalize operations |
| Taiho Corporation of Europe Headquarters and Headquarters plant (Ujhartyan, Hungary) |
Production facilities to manufacture bearings, etc. | 139 | Switch over to new products; renew and rationalize operations |
| Taiho Corporation of Korea Headquarters and Headquarters plant (Daegu, Korea) |
Production facilities to manufacture bearings, etc. | 70 | Expand, increase capacity, and renew operations |
| Taiho Kogyo Corporation of Yantai Headquarters and Headquarters plant (Yantai, China) |
Production facilities to manufacture bearings, etc. | 617 | Switch over to new products, expand facilities, increase capacity, rationalize operations |
| Hengye Bearing Materials Co.,Ltd (Changzhou) Headquarters and Headquarters plant (Changzhou, China) |
Production facilities to manufacture bearings, etc. | 49 | Renew and rationalize operations |
| Taiho Corporation of Thailand Headquarters office and plant （Pathum Thani Prov., Thailand） |
Production facilities to manufacture bearings, etc. | 4 | Renew operations |
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