UNIPRES CORPORATION Business Report FY2009
Business Highlights
Financial Overview |
(in millions of JPY) |
| FY2009 | FY2008 | Rate of Change (%) | Factors | |
| Overall | ||||
| Sales | 175,750 | 180,816 | (2.8) | -Sales decreased due to the negative effect of foreign currency translation resulting from the strong yen. |
| Operating income | 12,191 | 10,523 | 15.9 | -Income increased as a result of streamlining operations and changing the layout of the plants that produce body and transmission parts. |
| Ordinary income | 11,801 | 8,156 | 44.7 | |
| Net income | 6,537 | 3,625 | 80.3 | |
Contracts
-The Company announced that its body stamping products have been chosen as components of the "Global Entry Car" that Nissan Motor will start assembling in Thailand. In order to make a smooth start for this project, The Company established a new Thai Project Office as of June 1, planning a production launch by fiscal year 2009. The Company has won this program award from the automaker's local subsidiary, Nissan Motor (Thailand) Co., Ltd., and sales are expected to reach 1.3 billion baht (approximately 3.6 billion yen) by 2012. Nissan's "Global Entry Car" will be based on an A-platform, which was newly designed for compact vehicles. The successor to the March/Micra will go on sale at the end of fiscal year 2009. (From an article in the Nikkan Jidosha Shimbun on June 3, 2009)Recent Developments Outside Japan
-The Company will start fully utilizing local manufacturers overseas. It will select local companies as its "Tier 2 manufacturers," to which it will consign processing and assembly. It will decide its future overseas operations including the emerging countries, based on its own index for starting local manufacturing, that is, the annual vehicle production of 200,000 units to which it will supply products. If vehicle production volume is under 200,000 units, the Company will rely on local manufacturers to supply its products. It will start this production system with local manufacturers, in Thailand, where a new business will begin with orders for press-formed auto body components. It will delegate processing and assembly to local suppliers, establish a local company for sales, production control and quality assurance and provide logistic support including supply of molds and tools. With the Thai system as a model, the Company will develop future overseas businesses. (From an article in the Nikkan Jidosha Shimbun on June 9, 2009)Joint Ventures
-The Company announced that it will increase the ratio of investment in the planned joint-venture company in India, following the decision of Magnetto Automotive, one of its two partners, to withdraw from the business. The Company, which originally intended to hold a 55 percent share in the new company, will raise its share to 80 percent by covering the portion initially planned for the Italian auto parts supplier. The remaining 20 percent will be invested by Marubeni Corporation as planned. In the wake of the change, the Company and Marubeni are postponing the opening of the new joint-venture company from the end of March to September. (From an article in the Nikkan Jidosha Shimbun on June 3, 2009)New Company
-The Company announced that it will establish a sales subsidiary in Thailand. The set-up is based on the body stamping business the company won from Nissan for installation in global entry cars. The new company, Unipres (Thailand) Co., Ltd., will be located in Bangkok to sell body stamping components. Capitalized at 10 million baht (approximately 27 million yen), the subsidiary will begin operations in Sep. with 15 employees. Sales are expected to reach 1.3 billion baht (3.5 billion yen) in 2012. The Company's production base in Thailand is the Group's second one in Asia following Unipres Guangzhou in Guangdong, China. (From an article in the Nikkan Jidosha Shimbun on July 22, 2009)-The Company said it will construct a new plant in China for production of transmission parts. A new company "Unipres Precision Guangzhou"will be established in Huadu, Guangzhou and go into operation as early as in Mar. 2011 to supply transmission components to such customers as JATCO Guangzhou. The new company capitalized at about 1.3 billion yen will be owned 25 percent by the Company and 75 percent by its local subsidiary Unipres Guangzhou. The new plant will be built at a 70,000 square meter site adjacent to the compound of Unipres Guangzhou at a cost of 3.4 billion yen. A 14,000 square meter plant building will be built in the first phase construction. The Company is aiming to generate sales of 150 million yuan in 2013. (From an article in the Nikkan Jidosha Shimbun on Sep. 2, 2009)
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
Outlook for FY2010 |
(in billions of JPY) |
| FY2010 (forecast) |
FY2009 | Rate of Change (%) | |
| Sales | 190.0 | 175.8 | 8.1 |
| Operating income | 12.8 | 12.2 | 4.9 |
| Ordinary income | 12.5 | 11.8 | 5.9 |
| Net income | 8.0 | 6.5 | 23.1 |
| Investment Expenditure | 18.0 | 13.7 | 31.4 |
Sales by Products Group |
(in billions of JPY) |
| FY2010 (forecast) |
FY2009 | Rate of Change (%) | |
| Body pressed products | 150.2 | 137.4 | 9.3 |
| Transmission Products | 23.1 | 22.9 | 0.9 |
| Mold tooling products | 10.9 | 7.8 | 39.7 |
| Plastic-pressed Products | 4.5 | 4.3 | 4.7 |
| Others | 1.3 | 3.4 | (61.8) |
| Total | 190.0 | 175.8 | 8.1 |
Sales by Geographic Area |
(in billions of JPY) |
| FY2010 (forecast) |
FY2009 | Rate of Change (%) | |
| Japan | 111.4 | 105.3 | 5.8 |
| North America | 22.1 | 22.6 | (2.2) |
| Europe | 15.2 | 18.5 | (17.8) |
| Asia | 41.3 | 29.3 | 41.0 |
Medium-term Management Plan |
(in billions of JPY) |
| FY2012 | FY2011 | FY2010 | FY2009 | |
| Sales | 200.0 | 195.0 | 190.0 | 175.8 |
R&D
R&D Expenditure |
(in millions of JPY) |
| FY2009 | FY2008 | FY2007 | |
| Overall | 2,000 | 2,000 | 2,000 |
-The Company has 172 research and development staff members as of March 31, 2010.
Industrial Property Rights
-The Company has 86 industrial property rights as of Mar. 31, 2010.R&D Activities
<Product Development>-Optimizing the strength and rigidity of products
-Developing products that are more compact and lighter in weight
-Designing products in which stamping technology can be applied
-Shortening development periods
<Material Development>
-High-strength steel plates
-Highly rigid plastic materials
<Process Development>
Stamping process for super high-strength steel plats
Hot stamping method
Precision metal stamping
Stamping process for light-alloy materials
Welding process for light-alloy materials
Processing of high-strength pipes
Stamping process for high-strength plastics
Compound molding process for plastic composites.
Investment Activities
Capital Investment |
(in millions of JPY) |
| FY2009 | FY2008 | FY2007 | |
| Overall | 13,700 | 11,800 | 11,900 |
| Automotive Parts | 13,600 | 11,600 | 11,300 |
Automotive parts
-The Company made capital investments, mainly in upgrading production facilities for automotive parts in order to respond to overseas deployment and remodeling at major customers.
Investments Outside Japan
-The Company is increasing the production of car body parts in China in response to the growing demand in the nation. With 1.5 billion yen investment, the Company will extend the existing production facility and upgrade equipment at its wholly owned subsidiary Unipres Guangzhou Corporation based in Guangzhou, Guangdong Province. The planned expansion will be completed by the middle of 2011. (From a press release on Feb. 23, 2010)New Facilities
(As of Mar. 31, 2010)
| Plant (Location) | Purpose of capital investments | Expected Investment (millions of yen) | Started in | Expected to Complete in |
|
Headquarters & Offices |
Renovating and upgrading earthquake re-enforcement of headquarters building | 1,600 | Apr. 2010 | Mar. 2011 |
| Tochigi Plant (Tochigi Pref., Japan Kanagawa Pref., Japan) |
Enhancing production technology; and remodeling production facilities to deal with vehicle model changes | 1,500 | Apr. 2010 | Mar. 2011 |
| Fuji Plant (Shizuoka Pref., Japan) |
Enhancing production technology; and remodeling production facilities to deal with vehicle model changes | 1,200 | Apr. 2010 | Mar. 2011 |
| Unipres Kyusyu Co., Ltd. Headquarters and Plant (Fukuoka Pref., Japan) |
Enhancing production technology; and remodeling production facilities to deal with vehicle model changes | 4,200 | Apr. 2010 | Mar. 2011 |
| Unipres Mexicana, S.A. de C.V. Headquarters and Plant (Aguas Carientes, Mexico) |
Enhancing production technology; and remodeling production facilities to deal with vehicle model changes | 1,100 | Jan. 2010 | Dec. 2010 |
| Unipres (UK) Limited Headquarters and Plant (Tyne and Wear, U.K.) |
Enhancing production technology; and remodeling production facilities to deal with vehicle model changes | 1,200 | Jan. 2010 | Dec. 2010 |
| Unipres Guangzhou Corporation Headquarters and Plant (Guangdong, China) |
Enhancing production technology; and remodeling production facilities to deal with vehicle model changes | 1,400 | Jan. 2010 | Dec. 2010 |
| Unipres Precision Guangzhou Corporation Headquarters and Plant (Guangdong, China) |
Constructing a new plant and facilities having an annual production capacity of 400 thousand vehicles. | 3,200 | Jan. 2010 | Dec. 2010 |
| Unipres India Private Limited Headquarters and Plant (Tamil Nadu, India) |
Enhancing production technology; and remodeling production facilities to deal with vehicle model changes | 700 | Apr. 2010 | Mar. 2011 |