Fuji Oozx Inc. Business Report FY2009

Business Highlights

Financial Overview

(in million JPY)
  FY2009 FY2008 Rate of
Change
(%)
Factors
Sales 13,597 17,380 (21.8) -The Company initiated activities to cut variable and fixed costs, improved its cash flow by reducing inventory, and reinforced its financial structure.
Operating income 746 710 5
Ordinary income 874 678 28.9
Net income 489 90 433.3


R&D

R&D Structure

-OOZX technical center was completed in December 2006 within the Company's Shizuoka plant.

R&D Expenditure

(in million JPY)
  FY2009 FY2008 FY2007
Overall 192 155 200

R&D Activities

-The Company worked to research and develop light-weight parts and highly abrasion-resistant materials, to establish technology for manufacturing valves with high-strength materials and to enhance its research system.
-The Company developed and started mass-production of "lightweight Fe retainers," which are thinner and smaller than conventional ones.

Technical Agreements

1) Mutual Technical Assistance Agreements

(As of Mar. 31, 2010)

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

(As of Mar. 31, 2010)

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 -
Jun. 29, 2011
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, 2008 -
Sep. 28, 2011
TRW Fuji Serina Co., Ltd.
(Thailand)
Engine valves Approval for non-exclusive rights for manufacturing, sales and use of technology Jan. 1, 2006 -
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 million JPY)
  FY2009 FY2008 FY2007
Overall 224 291 645
Product Division 60 171 418

-In the products business, in FY2009 (ended March 2010), the Company invested in machinery and equipment to streamline the engine valve production line.

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 254 Mar. 2010 Mar. 2011
Maintenance and renewal 212 Mar. 2010 Mar. 2011