DENSO TEN Limited. (Formerly Fujitsu Ten Limited) Business Report FY ended Mar. 2017

Financial Overview

(in millions of JPY)
FY ended Mar. 31, 2017 FY ended Mar. 31, 2016 Rate of Change
Sales 383,617 363,287 5.5 -
Operating income 13,483 5,493 145.4 -
Ordinary income 13,062 4,026 224.3 -
Net income attributable to owners of the parent 4,650 (1,224) - -
Sales by segment
V-ICT (*1) 40,307 38,316 5.1 -
CI (*2) 282,268 265,518 6.3 -
AE (*3) 61,042 59,453 2.6 -

(*1) Vehicle-ICT (V-ICT) Business: millimeter radar, multi-angle vision, drive recorder, after-market car-navigation systems, etc.
(*2) Car Information (CI) business: factory-installed car-navigation systems, display audio, car audio, etc.
(*3) Automotive electronics (AE) business: engine control systems, power-management ECUs, etc.

Major Awards

Year Awarding company Awardee Name of Award
Feb. 2017 PT Toyota・Astra Motor (TAM) PT Fujitsu Ten AVE Indonesia BEST QUALITY 2016
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, 2018

(in million JPY)
FY ending Mar. 31, 2018
FY ending Mar. 31, 2017
(Actual Results)
Rate of change
Sales 371,000 383,617 (3.2)
Operating income 7,000 13,483 (48.0)
Ordinary income 6,700 13,062 (48.7)
Net income attributable to owners of the parent 2,500 4,650 (46.2)
Sales by segment
V-ICT 46,200 40,307 14.6
CI 261,300 282,268 (7.4)
AE 63,500 61,042 4.0

R&D Facilities

Name Location In charge of
Tokyo Office Shinagawa,
-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,
-Development, and design of automobile related equipment and parts
Fujitsu Ten (Europe) GmbH Bayern,
-Development of audio-visual products and automotive electronics
Fujitsu Ten Research & Development (Tianjin) Ltd. Tianjin,
-Development, design and evaluation of decks and other products, development of software and speakers
Fujitsu Ten Solutions Philippines, Inc. Metro Manila,
-Software development for audio-visual product and automotive electronics
-Software development of simulations
Fujitsu Ten Minda India Pvt. Ltd. Haryana,
-Designing and development of CI (Car Infortainment) products and its accessories
PT. Fujitsu Ten Manufacturing Indonesia Bogor, West Jawa,
-Designing and development of CI, AE, AS products

Product development

-On February 17, 2017, NTT DoCoMo Inc. demonstrated its AI Taxi technology for meeting supply and demand for taxi services utilizing artificial intelligence (AI). DoCoMo reported that the demonstration, which started in June 2016, proved that the technology is able to predict taxi demand with high accuracy. The company, which is aiming to put the AI Taxi service into commercial use in the second half of fiscal year 2017, will provide a service that predicts the movement of people and vehicles in real-time by combining demographic data taken using its mobile phone network and AI technologies. Fujitsu Limited will provide the Spatiowl mobility service platform and Fujitsu Ten Limited a taxi dispatching service. A field demonstration was launched in December 2016 using 12 taxis provided by Tokyo Musen. (From an article in the Nikkan Jidosha Shimbun on February 18, 2017)

-The Company will strengthen its Vehicle Information and Communications Technology (VICT) business, which produces and sells products like millimeter wave radar systems. Its VICT 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 VICT 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 infotainment systems and electronic control units. (From an article in the Nikkan Jidosha Shimbun on April 15, 2016)