TPR Co., Ltd. Business Report FY ended Mar. 2020

Financial Overview

(in million JPY)
FY ended Mar. 31, 2020 FY ended Mar. 31, 2019 Rate of Change (%) Factors
Overall
Sales 178,530 192,619 (7.3) -
Operating income 13,923 18,309 (24.0) -
Ordinary income 16,400 21,765 (24.6)
Net income attributable to owners of the parent 7,318 11,515 (36.4)

>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
 

R&D Expenditure

(in million JPY)
FY ended Mar. 31, 2020 FY ended Mar. 31, 2019 FY ended Mar. 31, 2018
Overall 5,706 6,008 5,566
-TPR Group (excluding Faltec) 3,221 3,390 3,192
-Faltec Group 2,485 2,618 2,374

 

Major R&D Facilities

-R&D activities are conducted at the Technical Centers located within the Nagano Plant and in the Okaya-City, Nagano Pref. Japan.

 

R&D Activities

-R&D activities on lowering friction, controlling heat, reducing weight, cleaning exhaust gas, as well as developing products that use alternative fuels such as biofuels and CNG.

-Development of production methods for automating inline measuring so as to make products that offer greater precision, are drastically lower in cost, and minimize energy consumption in production.

-Conduct activities to transfer new technologies to overseas operations, ensure products offer a consistent level of quality worldwide by forming partnerships with partners outside Japan, and develop new products and technology for customers outside Japan.

-Strengthening initiatives in non-powertrain parts in response to the rapidly growing electric-vehicle market. In applying new technologies, the Company is making products more lightweight by combining various materials such as aluminum and plastics; and making seals mainly from rubber.

R&D Achievements
<Powertrain Parts>

  1. Piston Rings
    -Commercializing ultra-low-friction and low-oil-consumption oil rings to reduce fuel consumption
    -Commercialization of highly durable friction material DLC (Diamond Like Carbon) film, to improve reliability 
    -Innovative piston rings manufactured on a production line that significantly reduces costs, in order to meet the need for lower priced products
  2. Cylinder liners
    -Commercialization of small-diameter, thin-walled, highly thermal-conductive cylinder liners for compact engines, to improve fuel efficiency and reliability
    -Commercialization of heat-control liners, to lower friction
    -Establishment of low-friction liners with inner-surface properties to increase reliability
    -Commercialized a gravity-cast "ASLOCK" liner
  3. Valve seats/valve guides
    -Commercialization of highly wear-resistant valve-seat material in response to alternative fuels.
    -Valve seats manufactured on a production line that significantly reduces costs, in order to meet the need for lower priced products.
    -Commercialization of highly thermal-conductive valves

<Non-powertrain parts>

  1. Plastic and rubber products
    -Commercialization of plastic seal rings for transmissions
    -High-precision, automotive rubber seal parts
    -Commercialization of plastic vanes for vacuum pumps
  2. Forged products
    -Commercialized a brake-drum insert applying "ASLOCK" liner technology

 

Capital Expenditure

(in million JPY)
FY ended Mar. 31, 2020 FY ended Mar. 31, 2019 FY ended Mar. 31, 2018
Japan 4,349 4,477 4,103
Asia 3,522 3,152 2,057
North America 762 655 559
Others 54 33 23
Faltec Group 5,736 5,597 6,330
Total 14,426 13,916 13,074

 

Planned Capital Investments (Automobile related product business)

(As of Mar. 31, 2020)
Name/
Name of the company
Location Type of facility and purpose Planned investment
(million JPY)
Planned construction start date Planned completion Increased capacity upon completion
The Company's
Nagano factory
Nagano Pref.,
Japan
Relocation of R&D functions and production plant; piston-ring production facilities 3,400 Apr. 2020 Mar. 2021 No impact on production capacity
PT. TPR Indonesia West Java,
Indonesia
Addition to production plant, additional production facilities 1,200 Sep. 2019 Dec. 2020 Increase capacity by 10%
TPR Industry Co., Ltd. Yamagata Pref.,
Japan
Cylinder-ring production facilities 1,200 Jul. 2019 Mar. 2021 No impact on production capacity
TPR Vietnam Co., Ltd. Binh Duong,
Vietnam
Production facilities for various products 860 Apr. 2020 Mar. 2021 Increase capacity by 45%
Faltec Co., Ltd. Kanagawa Pref.,
Japan
Production facilities for automotive parts 700 Oct. 2020 Jan. 2022 -
Anqing TP Goetze Liner Co., Ltd. Anhui Province,
China
Production facilities for cylinder liners 600 Jan. 2020 Dec. 2020 No impact on production capacity