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FUJI OOZX Inc. Business Report FY2007
Business Highlights
Financial
Overview
| (in million JPY) | FY2007 | FY2006 | Rate of Change (%) |
Factors |
| Sales | 21,767 | 21,614 | 0.7 | The Company maintained sales volume in Japan and rolled out active sales activities such as price increase negotiation. The Company's KD exports were strong. Supported by these factors, sales in the products business increased by 3.2% year-on-year to 19,867 million yen, including engine valves which is the Company's mainstay product, |
| Operating income | 1,832 | 1,800 | 1.8 | Operating income increased due to cost reduction and productivity improvement activities. |
| Ordinary income | 1,881 | 1,937 | (2.9) | - |
| Net income |
1,226 | 1,134 | 8.1 | - |
R&D
R&D
Structure
OOZX technical center was completed in December 2006 within the Company's Shizuoka plant.
R&D Expenditure
R&D Activities
During fiscal year 2007 that ended March 2008, the Company worked on strengthening its R&D structure, developing valve production technology that relies on the use of high-intensity materials, and enhancing its R&D capabilities in terms of making parts lighter in weight.
Technical Agreements (As of Mar. 2008)
1) Mutual Technical Assistance Agreements
OOZX technical center was completed in December 2006 within the Company's Shizuoka plant.
R&D Expenditure
| (in millions JPY) | FY2007 | FY2006 | FY2005 |
| Overall | 200 | 142 | 142 |
R&D Activities
During fiscal year 2007 that ended March 2008, the Company worked on strengthening its R&D structure, developing valve production technology that relies on the use of high-intensity materials, and enhancing its R&D capabilities in terms of making parts lighter in weight.
Technical Agreements (As of Mar. 2008)
1) Mutual Technical Assistance Agreements
| Partner | Items | Contents | Period |
| TRW Automotive U.S. LLC (USA) |
Engine valves | Approval for non-Exclusive rights for manufacturing, sales and use | Jan. 1 1996 - (Automatic renewal) |
| TRW Automotive
GmbH. (Germany) |
2) Licensor
| Partner | Items | Contents | Period |
| Wuchou
Valve Industry Co., Ltd. (Taiwan) |
Engine valves | Approval for non-exclusive rights for manufacturing, sales and use of technology | Mar.14, 2005 - (Automatic renewal) |
| Cotters | Approval for exclusive rights for manufacturing, sales and use of technology | Jun. 30, 2006 - Jun. 29, 2011 |
|
| Shin
Han Valve Ind. Co., Ltd. (Korea) |
Engine valves | Approval for exclusive rights for manufacturing, sales and use of technology | Sep. 29, 2005 - Sep. 28, 2008 |
| TRW
Fuji Serina Co., Ltd. (Thailand) |
Engine valves | Approval for non-exclusive rights for manufacturing, sales and use of technology | Jan. 1, 2007 - Dec. 31, 2011 |
| TRW
Fuji Valve Inc. (USA) |
Engine valves | Approval for non-exclusive rights for manufacturing, sales and use of technology | Sep. 15, 1988 - dissolution of JV |
| Shriram
Pistons & Rings (India) |
Engine valves | Approval for non-exclusive rights for manufacturing, sales and use of technology | Dec. 5, 2005 - Dec. 4, 2012 |
Investment Activities
Capital
Expenditure
In the products business, the Company invested in machinery and equipment to streamline the engine valve production line at Shizuoka Plant in FY2007 (ended March 2008).
New facilities:
| (in million JPY) | FY2007 | FY2006 | FY2005 |
| Overall | 645 | 1,084 | 1,702 |
| Product Division | 418 | 1,024 | 1,463 |
In the products business, the Company invested in machinery and equipment to streamline the engine valve production line at Shizuoka Plant in FY2007 (ended March 2008).
New facilities:
| Facility (Location) |
Division | Facility type | Planned Investment Amount (millions JPY) |
Start | Scheduled Completion |
| Shizuoka Factory (Kikukawa-shi Shizuoka Pref.) |
Products business division | Facilities for small valves used in engines | 315 | Mar. 2008 | Mar. 2009 |
| Maintenance and renewal | 190 | Mar. 2008 | Mar. 2009 |
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