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 |