Fujitsu Ten Limited Business Report FY ended Mar. 2016
Financial Overview |
(in millions of JPY) |
| FY ended Mar. 31, 2016 | FY ended Mar. 31, 2015 | Rate of Change (%) |
Factors | |
| Overall | ||||
| Sales | 363,287 | 329,787 | 10.1 | - |
| Operating income | 5,493 | 2,812 | 95.3 | - |
| Ordinary income | 4,026 | 2,765 | 45.5 | - |
| Net income attributable to owners of the parent | (1,224) | (3,024) | - | - |
| Sales by segment | ||||
| Car Infortainment (CI) (*1) | 213,709 | 185,106 | 15.4 | - |
| Automotive Electronic (AE) (*2) | 46,396 | 45,917 | 1.0 | - |
| Advanced Safety (AS) (*3) | 19,967 | 17,108 | 16.7 | - |
| In vehicle Telematics Service (ITS) (*4) | 83,215 | 81,656 | 1.9 | - |
(*1) Car Infortainment (CI): (Factory-installed at OEMs’ plants) Car navigation, Display audio, Car audio, etc.
(*2) Automotive Electronic (AE): Engine control ECU, Power management ECU, etc.
(*3) Advanced Safety (AS): Millimeter-wave radar, Air-bag ECU, etc.
(*4) In vehicle Telematics Service (ITS): (Dealer option, After market) Car navigation, Display audio, Car audio, Real-time display of a vehicle's surrounding, Taxi dispatch system, Drive recorder, Remote engine starter, etc.
Business Policy
-In Sep. 2016, Denso, Toyota, and Fujitsu announced that they have reached an basic agreement on changing the capital structure of Fujitsu Ten. Denso will become Fujitsu Ten's largest shareholder by acquiring 51% of its stock. The three companies will sign a final agreement by the end of the fiscal year ending in March 2017. Through the capital structure change, the companies are aiming to enhance the development of human machine interfaces, the key to the provision of advanced driver assistance and autonomous driving. In the current capital structure, Fujitsu has an investment stake of 55%, Toyota 35%, and Denso 10%. After the structural change, Denso will own 51%, Toyota 35%, and Fujitsu 14%. (From an article in the Nikkan Jidosha Shimbun on September 10, 2016)
-The Company will strengthen its Vehicle Information and Communications Technology (V-ICT) business, which produces and sells products like millimeter wave radar systems. Its V-ICT Division, which was newly established in April 2016, will lead the development of Advanced Driver Assistance Systems (ADASs) and new technologies for autonomous vehicles. Currently, the V-ICT Division contributes 15% of the Company's overall sales. The Company is aiming to increase the percentage to 35% by around 2020, which will make the division one of the Company's key businesses on a par with Infortainment systems and electronic control units. (From an article in the Nikkan Jidosha Shimbun on April 15, 2016)
"Future Link": Sales launch of optimum products in Japan
Cloud-based system for taxi dispatching
-In 2015, the Company launched sales of this system, the “first of its kind” in Japan. It is compatible with both digital and IP wireless communications systems. This system analyzes and provides information that can be used to forecast demand for taxis based various local positioning data available, such as current weather, train delays, and major events. This enables taxi companies to systematically dispatch taxis according to situations.
Cloud-based drive recorder for commercial work
-In 2015, the Company launched sales of this system, the world’s first, which is capable of automatically extracting images of near-miss accidents.
”ECLIPSE SZ Series” (Connecting car navigation)
-The Company released this series in 2014. Every month, the communication unit automatically renews information so as to show differences in road conditions from month to month by accessing the center. The latest information is then reflected in the car navigation system.
Major Awards
| Year | Awarding company | Awardee | Name of Award |
| Jul. 2016 | Maruti Suzuki | Minda F-Ten Pvt. Ltd. | "Certificate of Appreciation for Inner parts Localization (Local procurement award)" |
| May 2016 | Subaru of America | Fujitsu Ten Corp. of America (FTCA) | "2015 Supplier Excellence Gold Award" |
| May 2016 |
Daihatsu |
Fujitsu Ten Limited | "Award of Excellence for SSC" *SSC stands for simple, slim, and compact. Improves productivity, reduces lead time and lowers fixed costs through initiatives that reduce work inefficiencies based on creating simple facilities and processes |
Outlook for FY ending Mar. 31, 2017 |
(in million JPY) |
| FY ending Mar. 31, 2017 (Forecast) |
FY ended Mar. 31, 2016 (Actual Results) |
Rate of change (%) |
|
| Overall | |||
| Sales | 365,700 | 363,287 | 0.6 |
| Operating income | 6,000 | 5,493 | 9.2 |
| Ordinary income | 5,500 | 4,026 | 36.6 |
| Net income attributable to owners of the parent | 300 | (1,224) | - |
| Sales by segment | |||
| Car Infortainment (CI) | 204,700 | 213,709 | (4.2) |
| Automotive Electronic (AE) | 46,800 | 46,396 | 0.8 |
| Advanced Safety (AS) | 22,100 | 19,967 | 10.6 |
| In vehicle Telematics Service (ITS) | 92,100 | 83,215 | 10.6 |
R&D Facilities
| Name | Location | In charge of |
| Japan | ||
| Tokyo Office | Shinagawa, Tokyo |
-Planning and development takes place at these key locations on systems (services and on-board devices) that have global applications. Also, the most cutting-edge R&D is conducted here on software development technology and technology related to advanced driver assistance systems (ADAS) with the aim of building next-generation vehicle platforms. |
| Kawasaki Sensor Development Center | Kawasaki, Kanagawa Pref. |
-Sensing systems, which include Millimeter Wave Radar, are key components of ADAS. Leading technologies used in such systems are developed here, and evaluative analysis techniques and simulation technologies are established. It works closely with other Fujitsu Group companies. |
| Nakatsugawa Technical Center | Nakatsugawa, Gifu, Pref. |
-The center consists of an electromagnetic compatibility (EMC) testing facility, for evaluating and researching electromagnetic wave noise that affects electronic equipment, along with a test ground, for driving vehicles around various test courses to conduct a wide range of tests that include tracking performance and reception sensitivity. |
| Acoustics Development Center | Kobe, Hyogo Pref. |
-The center consists of Studio Forte, at which original music software is developed for car audio systems, an in-car acoustics measuring system for conducting various in-car tests, an anechoic room used for analyzing noise generated from precision mechanisms, and other facilities. It is a comprehensive acoustics development facility. |
| Outside Japan | ||
| Fujitsu Ten Corp. of America; Silicon Valley Creative Square | California, USA |
-Development, and design of automobile related equipment and parts |
| Fujitsu Ten (Europe) GmbH | Bayern, Germany |
-Development of audio-visual products and automotive electronics |
| Fujitsu Ten Research & Development (Tianjin) Ltd. | Tianjin, China |
-Development, design and evaluation of decks and other products, development of software and speakers |
| Fujitsu Ten Solutions Philippines, Inc. | Metro Manila, Philippines |
-Software development for audio-visual product and automotive electronics -Software development of simulations |
| Fujitsu Ten Minda India Pvt. Ltd. | Haryana, India |
-Designing and development of CI (Car Infortainment) products and its accessories |
| PT. Fujitsu Ten Manufacturing Indonesia | Bogor, West Jawa, Indonesia |
-Designing and development of CI, AE, AS products |
Product development
See-through view
-In Mar. 2015, the Company has developed a new see-through function for a surround view monitor. The see-through function shows a driver's perspective view of the vehicle's surroundings on a monitor as if the vehicle itself were transparent. Since the new function enables a driver to see blind spots around the car on the in-vehicle screen, it helps prevent an accident before the vehicle starts moving. The Company and Toyota Motor Corporation jointly developed the See-through View function based on the new function. The new "Alphard" and "Vellfire" adopt the See-through View function. The new function was developed as a display mode added to the Company's Multi-Angle Vision system which synthesizes images captured by four cameras. These cameras are mounted on a vehicle's front, back, left- and right-side door mirrors and display a 360-degree view around the vehicle. (From an article in the Nikkan Jidosha Shimbun on March 4, 2015)