Hitachi Automotive Systems, Ltd. Business Report FY ended Mar. 2013
Business Highlights
Financial Overview |
(in billions of JPY) |
FY ended Mar. 31, 2013 | FY ended Mar. 31, 2012 | Rate of Change (%) |
Factors | |
Overall | ||||
Sales | 806.8 | 811.5 | (0.6) | - |
Operating income | 36.4 | 37.0 | (1.6) | - |
New Company
<Mexico>-The Company announced on September 21 that it has broken ground for its new subsidiary, Hitachi Automotive Systems Queretaro, S.A. de C.V., in Queretaro, Mexico. The new company capitalized at 224 million Mexican pesos (approximately 1,345 million yen) will manufacture suspension products and automotive equipment systems. The plant to be built on a 200,000 square meter facility will start to mass-produce suspension products initially in April 2014, with a plan to expand its product lineup in steps. Hitachi Automotive Systems is going to invest 100 million dollars (approximately 7.8 billion yen) in this project during the four-year period through 2015. (From an article in the Nikkan Jidosha Shimbun on Sep. 24, 2012)
Outlook for FY ending Mar. 31, 2014
(in billions of JPY) |
FY ending Mar. 31, 2014 (Forecast) |
FY ended Mar. 31, 2013 (Actual Results) |
Rate of Change (%) | |
Sales | 820.0 | 806.8 | 1.6 |
Operation income | 41.0 | 36.4 | 12.6 |
Performance Objectives
-The Company has set the following performance objectives for the fiscal year that ends March 2014. - Sales: 1 trillion yen
- Profit Margin: over 5%
- Percentage of sales generated outside Japan: over 60%*
R&D
R&D Expenditure |
(in billions of JPY) |
FY ended Mar. 31, 2016 (Planned) |
FY ended Mar. 31, 2012 (Actual Results) |
|
Overall | 80.0 | 58.3 |
Development of electronics and electrical systems | 48.0 | 29.0 |