Sumitomo Riko Co., Ltd.(Formerly, Tokai Rubber Industries) Business Report FY ended Mar. 2020
Financial Overview |
(IFRS, in million JPY) |
| FY ended Mar. 31, 2020 | FY ended Mar. 31, 2019 | Rate of Change (%) | Factors | |
| Overall | ||||
| Sales | 445,148 | 469,705 | (5.2) | -Factors impacting sales were lower sales overall globally, the coronavirus pandemic, and negative currency translation due to the high valuation of the yen. |
| Operating income | 8,898 | 1,153 | - | -Recorded an impairment loss for an investment made in an anti-vibration-rubber subsidiary outside Japan in the previous year. |
| Income before income taxes | 7,435 | 700 | - | - |
| Net income attributable to owners of the parent | 881 | (5,022) | - | - |
| Automotive parts | ||||
| Sales | 377,907 | 398,160 | (5.1) | 2) |
| Operating income | 9,548 | 7,771 | - | - |
Business Outlook for the Fiscal Year Ending March 2021
-The Company announced that it cannot make a reasonable forecast of its business results for the fiscal year ending in March 2021 because of the coronavirus pandemic.
R&D Expenditure |
(in million JPY) |
| FY ended Mar. 31, 2020 | FY ended Mar. 31, 2019 | FY ended Mar. 31, 2018 | |
| Overall | 14,210 | 15,002 | 14,796 |
| -Automotive parts | 11,877 | 12,204 | 11,941 |
R&D Activities
- The anti-vibration, hose, and urethane businesses are conducting R&D activities on products that satisfy customer needs. They are also testing technology in the CASE segments.
- The new-product development center used a smart-rubber (SR) sensor that it developed in-house, to measure vital body functions such as breathing and heartbeat by sensing body pressure. It is working on commercializing it for use in touch-steering systems and driver-monitoring systems by integrating them in automotive steering systems and seats.
- The Company is working on fundamental parts in anticipation of the next-generation of electric vehicles and fuel-cell vehicles.
- The Company is strengthening industry-academia collaborations in field of heat-management systems, developing flexible and highly functional insulating sheets.
- The Company is working together more with Sumitomo Electric Industry to develop and promote sales of systems that integrate their various products such as wireharnesses, noise-insulation, interior parts, hoses, etc.
Capital Expenditure |
(in million JPY) |
| FY ended Mar. 31, 2020 | FY ended Mar. 31, 2019 | FY ended Mar. 31, 2018 | |
| Overall | 29,241 | 31,074 | 29,486 |
| -Automotive parts | 24,618 | 24,225 | 23,664 |
-In the fiscal year that ended in March 2020, the Company spent JPY 24,618 million for capital investments in facilities and equipment at its home office and subsidiaries overseas to manufacture automotive anti-vibration rubber, hoses, etc.