PIOLAX, INC. Business Report FY2008
|Financial Overview||(in millions of JPY)|
|FY2008||FY2007||Rate of Change
|Current net income||500||3,281||(84.8)||-|
-The Company has already acquired a new order from Ford Motor Company for components for pickup trucks. It will also be sending its engineers to Ford R&D departments in an attempt to win more orders by getting directly involved with its development activities. The Company will begin supplying fasteners to clip both exterior and interior parts to bodies of new pickup trucks that the US automaker is planning to release in 2010. The fastener production for Ford will begin in the latter half of 2009 at its Thai plant. (From an article in the Nikkan Jidosha Shimbun on Jun.16, 2008)
|R&D Expenditure||(in millions of JPY)|
-R&D activities were conducted by the design department, development groups in each SBU, and the development division of the Company's subsidiary, Pilolax Medical Devices, Inc.
-The Company also conducted joint development with universities and external research institutes.
-The Company developed compressed coil spring materials used in engines and gears.
-It commercialized products that are more compact and lighter in weight
-The Company strengthened its development activities on complex springs, enabling them to be installed easier.
-The Company worked on developing surface coatings for spring materials. These coatings do not contain hexavalent chromium.
-The Company completed development of hexavalent chromium free surface treatment, complying with Directives of the European Parliament and of the Council on end-of life vehicles and Directives of the European Parliament and of the Council on the restriction of the use of certain hazardous substances in electrical and electronic equipment.
-The Company worked towards making its products meet industry (Japan Automobile Manufacturers Association) set restrictions for the use of environmentally hazardous substances including hexavalent chromium, vinyl chloride and VOC.
-It started development activities on products that comply with the new REACH Regulation in Europe
-The Company is developing versatile fasteners that can be used on both thin and thick metal plates, fasteners that can be more easily installed on vehicle bodies because they require less force when being installed, fasteners that have very powerful fastening capabilities, and fasteners that can be more easily disassembled when cars are being scrapped.
-The Company is considering migrating to materials that emit less odor in vehicle interiors. In addition, it is working to develop environmentally friendly products and ones that enhance interior comfort.
-The Company is currently developing high-strength, user-friendly net hooks used in car interior parts.
-The Company developed side locks for glove boxes, releasing them in January 2003. These are now being equipped on an increasing number of vehicle models, improving performance and workability.
-The Company worked on developing new dampers.
-The Company is currently developing hinge parts to open/close the console box lid and the floor board in the rear luggage compartment.
-In the area of valves for plastic tanks, the Company enhanced the performance and reduced the manufacturing costs of rollover valves and inlet check valves.
Licensing-in Technology from Other Companies (As of Mar. 2009)
|Norma Germany GmbH||Automotive fuel delivery components||Approved use of patent||September 18, 1995 - August 17, 2000
This contract renews annually
|Norma Germany GmbH||Plastic fuel tank components||Approved use of patent||Added to the contract above|
|Norma Germany GmbH||Plastic fuel tank components||Approved use of patent||December 13, 2001 - December 12, 2006
This contract renews annually
Licensing-out Technology to Other Companies (As of Mar. 2009)
|Piolax of Taiwan Inc.(Taiwan)||Metallic and plastic fasteners||Manufacturing technology||From October 6, 1987 through October 5, 1992. To be renewed every 10 years.|
|Taiwan Houmu Industrial Co., Ltd. (Taiwan)||Pressure springs, torsion springs and valve springs||Manufacturing technology||From November 1, 1978 through October 31, 1983.
To be renewed every 5 years.
|Piolax Corp.(USA)||Precision plastic slips, precision springs, and related assembly products for the automotive and electronics industry.||Covers technology, engineering and marketing services||For an indefinite period from April 1, 1993.|
|Piolax Ltd. (UK)||Precision plastic slips, precision springs, and related assembly products for the automotive and electronics industry.||Covers technology, engineering and marketing services||
For an indefinite period from August 8, 1995.
|Piolax Co., Ltd. (Korea)||Precision plastic slips, precision springs, and related assembly products for the automotive and electronics industry.||Covers technology, engineering and marketing services||From June 20, 1995 through June 19, 2006. To be renewed each year.|
|Piolax (Thailand) Ltd. (Thailand)||Covers technology, engineering and marketing services||For an indefinite period from August 10, 2000.|
|Dongguan Piolax Co., Ltd. (China)||Precision plastic slips, precision spring, and related assembly products for the automotive and electronics industry.||Covers technology, engineering and marketing services||From July 1, 2004 through June 30, 2014. To be renewed each year.|
|Capital Investment||(in millions of JPY)|
-The Company spent 1,805 million yen in Japan and 1,129 million yen outside Japan.
New Facilities (automobile related facilities) (As of Mar. 2009)
|Location||Business||Expected Investment (Thousands of yen)||Started in:||Expected to Complete in:|
Yokohama Technical Center
|Yokohama City, Japan||Dies||418||Apr. 2009||Mar. 2010|
|Production facilities and dies||315||Apr. 2009||Mar. 2010|
|Production facilities and molds||238||Apr. 2009||Mar. 2010|
|Production facilities and dies||98||Apr. 2009||Mar. 2010|
Head Office/ Plant
|Production facilities and dies||295||Jan. 2009||Dec. 2010|
|Piolax Co., Ltd
|Production facilities and dies||115||Apr. 2009||Mar. 2010|
|Piolax (Thailand) Ltd.
|Production facilities and dies||240||Apr. 2009||Mar. 2010|
|Dongguan Piolax Co., Ltd.||Dongguan,
|Production facilities and dies||310||Jan. 2009||Dec. 2010|