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    Risk analysis of building gigafactories in Europe
    Europe and the UK region have witnessed a few high-profile battery companies abruptly filing for insolvency in the recent past, leaving behind a noteworthy setback for the region’s local battery production ambitions. UK’s promising battery startup Britishvolt, which was once hailed by the country’s prime minister, filed for insolvency in January 2023. It was soon followed by the Swedish battery company Northvolt, which represented Europe’s hopes to compete with China’s hegemony in t...
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    How smart charging technologies are shaping the EV landscape
    The fast-charging sector for electric vehicles is evolving with new technologies and changing consumer needs. A major trend is the rise of ultra-fast charging stations, which can recharge an EV's battery to 80% in just 15 to 30 minutes, significantly reducing drivers’ wait times. Smart charging technologies are also gaining traction, optimizing charging based on grid conditions and energy prices. This includes demand response programs that allow EVs to charge during off-peak hours or when r...
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    Ichikoh reports 45.2% year-over-year drop in H1 net income to $8.6 million
    Ichikoh Industries has reported a 45.2% year-over-year decline in net income to ¥1.4 billion (about $8.6 million) in the first half of the current financial year ended June 30, 2024, the company said in a press release on Aug. 8. Operating income dropped 53.4% year over year to ¥1.7 billion. The Japan-based automotive lighting supplier recorded lower earnings as net sales decreased 17.9% year over year to ¥62.2 billion. The company has revised its outlook for the current financial year end...
    News
    Ichikoh reports 7.9% y/y growth in FY 2022 net sales to USD1.05 billion
    Ichikoh has posted a 7.9% year-on-year (y/y) rise in net sales for fiscal 2022 at JPY135.45 billion (USD1.05 billion), according to a company press release dated 13 February. Operating income for the year fell 29.2% y/y to JPY3.94 billion while net income increased to JPY4.42 billion from JPY3.98 billion. Its automotive parts business segment saw sales rise by 8.6% y/y to JPY127.93 billion while its automotive aftermarket segment saw sales of JPY9.07 billion compared to JPY8.52 billion last y...
    News
    Samvardhana Motherson to acquire Japan-based Ichikoh Industries’ mirror business
    Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has announced via press release on 26 September that it acquired Japan-based Ichikoh Industries’ mirror business for JPY5.2 billion (USD36.25 million).   Mr. Vivek Chaand Sehgal, chairman, Motherson said, “Inorganic growth is an integral part of our Vision 2025. With this acquisition, Motherson will acquire design and manufacturing footprint in Japan enabling closer coordination and stronger relationship with Japanese custome...
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    Ichikoh reports Q2 2022 net sales at USD461.40 million, down 3.76% y/y
    Ichikoh has reported second quarter net sales at JPY62.93 billion (USD461.40 million) with a year-on-year (y/y) decrease of 3.76% compared to JPY65.39 billion in the first quarter of 2021 for the three months ended 30 June 2022, according to a filing by the company on 8 August. Operating income was reported at JPY1.12 billion for the quarter. Net income for second quarter 2022 was reported at JPY1.26 billion, compared to JPY2.99 billion for the first quarter of 2021. Ichikoh’s Automoti...
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    Ichikoh reports Q1 2022 net sales at USD260.59 million, down 8.52% y/y
    Ichikoh has reported first quarter net sales at JPY31.78 billion (USD260.59 million) with a year-on-year (y/y) decrease of 8.52% compared to JPY34.74 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 12 May. Operating income was reported at JPY2.43 billion for the first quarter of 2022 compared to JPY895 million in 2021. Net income was reported at JPY1.89 billion, compared to JPY1.31 billion for the first quarter of 2021. Ic...
    News
    Ichikoh Industries reports FY 2021 net sales at USD1.09 billion, up 10.2% y/y
    Ichikoh Industries, a Valeo company, has reported a 10.2% year-on-year (y/y) increase in net sales to JPY125.51 billion (USD1.09 billion) for the fiscal year ended 31 December 2021, according to a company press release on 14 February. Net income for the year was JPY3.9 billion, an increase of 39.4% y/y. The company also posted operating income of JPY5.5 billion, up 125.3% y/y. Significance: Sales of Auto Components business segment increased 11% y/y to JPY117.8 billion and sales of Aftermarke...
    News
    Ichikoh posts 26.5% y/y rise in H1 2021 net sales to USD596.3 million
    Ichikoh Industries, a Valeo company, has reported a 26.5% year-on-year (y/y) rise in half year net sales at JPY65.40 billion (USD596.3 million), according to a company press release on 6 August. Net income for the period was JPY3 billion, compared with net loss of JPY636 million in the same period a year ago. The company also posted operating income of JPY4.05 billion compared with operating loss of JPY439 million. Sales of Auto Parts business segment grew 27.1% y/y to JPY61.46 billion and sa...
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    Ichikoh’s FY 2020 sales declines 14.4% y/y to USD1.1 billion
    Ichikoh Industries, a Valeo company, has reported a 14.4% year-on-year (y/y) decline in net sales to JPY113.8 billion (USD1.1 billion) for the fiscal year ended 31 December 2020, according to a company press release on 12 February. Net income for the year was JPY2.8 billion, a decline of 45.2% y/y. The company also posted operating income of JPY2.5 billion compared, down 61.7% y/y. Sales of Auto Components business segment declined 14.7% y/y to JPY106.1 billion and sales of Aftermarket busine...
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    Ichikoh’s H1 net sales down 22.7% y/y to USD481.5 million
    Ichikoh Industries, a Valeo company, has reported a 22.7% year-on-year (y/y) decline in net sales to JPY51.7 billion (USD481.5 million) for the first six months ended 30 June 2020, according to a company press release on 7 August. Net loss for the period was JPY636 million, compared with net income of JPY2.7 billion in the same period a year ago. The company also posted operating loss of JPY439 million compared with operating income of JPY4 billion in the first six months of 2019. Sales of Au...
    News
    Ichikoh’s Q1 net sales down 8.1% y/y to USD296.1 million
    Ichikoh Industries, a Valeo company, has reported a 8.1% year-on-year (y/y) decline in net sales to JPY31.9 billion (USD296.1 million) for the first quarter ended 31 March 2020, according to a company press release on 21 May. Net income for the quarter also declined 48.8% y/y to JPY871 million. Lower sales resulted in a 49.1% y/y decrease in operating profit to JPY1.4 billion. Sales of Auto Components business segment declined 8% y/y to JPY30.1 billion and sales of Aftermarket business fell by 2...
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    Ichikoh’s FY2019 net income down 46.5% y/y to USD47.8 million
    Ichikoh Industries, a Valeo company, has reported a 46.5% year-on-year (y/y) decline in net profit to JPY5.2 billion (USD47.8 million) for the fiscal year ended 31 December, according to a company press release on 13 February. Net sales for the year amounted to JPY133 billion, down 5.4% y/y. Lower sales resulted in a 28.5% y/y decrease in operating profit to JPY6.4 billion. Sales of Auto Components business segment declined 5.5% y/y to JPY124.4 billion while sales of Aftermarket business grew 0....
    News
    Ichikoh’s net profit down 36.8% y/y to USD35.5 million during January-September 2019
    Ichikoh Industries, a Valeo company, has reported a 36.8% year-on-year (y/y) decline in net profit to JPY3.8 billion (USD35.5 million) for the first nine months of the year ending 30 September, according to a company press release on 7 November. Net sales for the period amounted to JPY100.3 billion, down 4.7% y/y. Lower sales resulted in a 23.1% y/y decrease in operating profit to JPY5.5 billion. Sales of Auto Components business segment declined 4.8% y/y to JPY94 billion while sales of Aftermar...
    News
    Ichikoh’s H1 net profit down 40.9% y/y to USD25.5 million
    Ichikoh Industries, a Valeo company, has reported a 40.9% year-on-year (y/y) decline in net profit to JPY2.7 billion (USD25.5 million) for the first half of the year ending 30 June, according to a company press release on 8 August. Net sales for the period amounted to JPY66.9 billion, down 6% y/y. Lower sales resulted in a 19.9% y/y decrease in operating profit to JPY4 billion. Sales of Auto Components business segment declined 6.2% y/y to JPY62.6 billion while sales of Aftermarket bus...
    News
    Ichikoh’s Q1 net profit down 48.4% y/y to USD15.3 million
    Ichikoh Industries, a Valeo company, has reported a 48.4% year-on-year (y/y) decline in net profit to JPY1.7 billion (USD15.3 million) for the first quarter ended 31 March 2019, according to a company press release on 9 May. Net sales for the quarter amounted to JPY34.7 billion, down 8% y/y. Lower sales resulted in a 27.8% y/y decrease in operating profit to JPY2.7 billion. Sales of Auto Components business segment declined 8.2% y/y to JPY32.7 billion, while sales of Aftermarket business gr...
    News
    Ichikoh reports FY 2018 net profit of USD88.4 million
    Ichikoh Industries, a Valeo company, has reported a net profit of JPY9.75 billion (USD88.4 million) for the fiscal year ended 31 December 2018, according to a company press release on 14 February. Ichikoh Industries implemented a change in the fiscal term in which the fiscal year end changed from 31 March to 31 December starting from fiscal year 2017. Therefore, the company didn’t mention percent of change from the corresponding period of the previous year, since the fiscal year ended 31 Decem...
    News
    Ichikoh to establish automotive lamp plant in Japan
    Ichikoh will build a new facility in Morinosato, Atsugi-shi (Japan) to produce automotive headlamps, according to a company press release earlier this month. The company will invest JPY16.4 billion (USD148.6 million) in the new plant. The plant, which will span 64,000 square meters, is expected to start operations in July 2019. Significance: The company plans to gradually transfer production from its Isehara facility to the new facility. Proximity between Morinosato and Isehara will ensure tr...
    News
    Ichikoh announces results of tender offer by Valeo
    Ichikoh has announced that the tender offer by Valeo for purchase of its common stock, which was announced in November last year, was closed on 12 January, the Japanese supplier said in a release on 13 January. Valeo will hold a 55.08% stake in Ichikoh upon settlement of the transaction slated for 20 January 2017. Significance: In the third week of November, Valeo initiated a takeover bid to acquire Ichikoh, in which the French supplier has had an equity stake since 2000. Valeo was required t...
    News
    Valeo receives Japan FTC’s approval for Ichikoh takeover bid
    Valeo has received approval from Japan’s Fair Trade Commissions (FTC) to take control of Ichikoh Industries in case the French supplier succeeds in its takeover bid, which it launched last month, the company said in a press release on 12 December. Approval from the Japanese competitive authority was one of the conditions of Valeo’s bid for the Japanese supplier. Significance: In the third week of November, Valeo initiated a takeover bid to acquire Ichikoh, in which the French supplier has...
    News
    Valeo announces public tender offer to raise stake in Ichikoh
    French auto parts maker Valeo announced a public tender offer to raise its stake in Japanese supplier Ichikoh Industries, according to a company press release yesterday (22 November). Valeo seeks to raise its stake in Ichikoh to between 50.09% and 55.08%. The offer will be open between 24 November 2016 and 12 January 2017. Valeo will pay JPY408 per share, valuing Ichikoh Industries at about JPY39.3 billion (USD353 million). Significance: Valeo has held a minority stake of 31.6% in Ichikoh for...
    News
    Ichikoh starts production of ‘digital inside camera monitor system’ in Japan
    Ichikoh has commenced production of “digital inside camera monitor system” in Japan, according to a company press release yesterday (13 September). The system delivers a high-definition screen display and smooth motion image over traditional analog-type inside camera monitor. The company says the traditional mirror can be switched to liquid-crystal display with just one switch, and it is multiple-use providing rearward visibility and rear seat views. Significance: Ichikoh specialises in c...
    News
    Valeo, Ichikoh to jointly develop automotive ‘digital mirror’
    Valeo and Ichikoh will jointly develop an onboard camera system with displays that are expected to replace the side and rearview  mirrors in a vehicle, reports Nikkei Asian Review. Ichikoh, a supplier of lighting systems and mirrors for the automotive industry, will manufacture the mirror casing, and Valeo will work on the imaging system that will comprise LCD monitors placed inside the vehicle. The companies expect the new onboard camera system to go into mass production in 2018. Sig...
    News
    Ichikoh revises earnings forecast for first half of FY 2016/17
    Ichikoh has revised its earnings forecast for the first half ending 30 September 2016, says a company press release. The company now expects net sales of JPY51 billion, compared with earlier forecast of JPY53.2 billion. Operating income is expected to be JPY700 million versus previous forecast of JPY400 million and net income is expected at JPY500 million versus earlier prediction of JPY700 million. Significance: The company has lowered its sales forecast as outlook of domestic sales is weak ...
    News
    Japanese regulator approves new law on use of mirrorless cars
    Japan's Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) revised a law to approve the use of "camera monitoring systems" (CMS) in vehicles instead of rear-view mirrors. According to the regulator's statement following the amendment, "Automobile manufacturers, by providing a CMS, conform to the international standards. It [automakers] will be able to design and manufacture a car that has no rear-view mirror or the like." Beginning 17 June, mirrorless cars are now allowed on the Jap...
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    Tachi-S Q1 net loss widens to USD12 million; Ichikoh swings to red with net loss of USD3.14 million
    Tachi-S reported sharp increase in net loss to JPY1.48 billion (USD12 million, 30 June 2015) in the first quarter ended 30 June 2015 compared with JPY188million (USD1.53 million, 30 June 2014) during the same period a year earlier according to a filing with Tokyo Stock Exchange. The Japanese seating supplier reported significant jump in net loss despite 10.9% year-over-year (y/y) increase in net sales to JPY64 billion (USD5.2 billion). Higher sales helped the company to narrow its operating loss...
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    Ichikoh net income down 49% y/y to USD6.9 million in FY2013/14
    Ichikoh has reported a 49% year-on-year (y/y) decline in net income to JPY714 million (USD6.9 million, 31 March 2014) in the financial-year ended 31 March 2014, according to a filing with the Tokyo Stock Exchange. Operating income also decreased 55.6% y/y to JPY339 million (USD3.2 million). Net sales for the period totalled JPY88.6 billion (USD861.6 million), up 4.2% y/y. Significance: Full-year 2013-14 results achieved by Ichikoh are above the projections which the company made at the t...
    News
    Valeo plans new China plants
    Valeo, a French automotive parts supplier, will increase its facilities in China during 2014 and 2015. Chief Executive Jacques Aschenbroich stated Thursday (20 February) that the component supplier has already opened seven facilities in China from 2011 to 2013, out of a global total of 11. In 2014 and 2015, Aschenbroich said the company plans to increase the number of plants by a further six, The Wall Street Journal reports. Significance: Valeo has announced an 18% year-on-year (y/y) increas...
    News
    Ichikoh's April–December 2013 net profit plunges y/y
    Japanese automotive lights manufacturer Ichikoh Industries has reported a net profit of JPY342 million (USD3.3 million) for the nine months ended in December 2013, reports Dow Jones Institutional News. This is a significant decline from JPY1.8 billion earned during the same period of the previous fiscal year. Operating profit, likewise, declined to JPY101 million compared to JPY287 million during the year-earlier period. Sales during the period, however, rose to JPY64.2 billion, up from JPY63.7 ...
    News
    Ichikoh Industries raises 2013-14 outlook for sales to USD836.1m
    For the financial year ending 31 March 2014, Ichikoh Industries expects sales of JPY83.2bn (USD836.1m), up marginally from its previous forecast of from JPY83.1bn (USD845.4m), says a Reuters report. The company has lowered its full-year consolidated outlook for operating profit from JPY800m (USD8.1m) to JPY750m (USD7.6m), ordinary profit from JPY2.8bn (USD28.4m) to JPY1.6bn (USD16.3m), net profit from JPY1.8bn (USD18.3m) to JPY600m (USD6.1m). Significance: Ichikoh lowered its full-year cons...
    News
    Valeo opens transmission plant in Nanjing
    Valeo has opened a new transmission plant in Nanjing in China's eastern Jiangsu province. According to a report by Xinhua, the supplier company has begun production at the plant, and will produce clutches and hydraulic torque converters with an annual capacity of one million kits. The report also says Valeo is considering opening an R&D centre at the facility.   Significance: European suppliers such as Valeo and Faurecia have recently been extending their presence in China in a bi...
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    How mirrors are being used with cameras to see more of the road
    Mirrors are progressively being linked with cameras; this is due to legislative influences, ie the Kids Transportation Safety Act in North America, although the full implementation of this Act is still some way off. In addition, the convergence of mirrors and cameras reflects competition amongst the OEMs who have started to add cameras as a differentiation feature before the legislative pressures to fit them began to emerge.  There is an expectation across the sector that legislation, p...
    Insights
    Valeo displays AquaBlade system at Auto Shanghai 2013 in China
    Valeo is showcasing a few innovations at the ongoing Auto Shanghai 2013 motor show, which runs from 21 to 29 April, says a company press release. The products include AquaBlade, a wiper system, in which Valeo has changed the windshield cleaning by removing the nozzles that spray the wash liquid. By making use of a fluid distribution channel, AquaBlade distributes the liquid through a multitude of holes along the blade itself. Therefore, the volume of windshield wash liquid needed has been halved...
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    Valeo and Ichikoh form new China venture
    French automotive supplier Valeo SA will form a new lighting joint-venture (JV) with Japanese supplier Ichikoh. The new lighting company will be 85% owned by Valeo with the remaining 15% owned by Ichikoh. The formation of the company is subject to the approval of the Chinese authorities. "This transaction is in line with Valeo’s growth strategy in China and the rest of Asia, a region that represented 24% of our OEM sales in the first half of 2012 and should account for more than 30% of sales b...
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    NHK Spring's Q1FY2012-13 net profit more than doubles to USD69m
    Japanese auto suspension and spring manufacturer NHK Spring said in a regulatory filing that its net profit for the first quarter ended 30 June 2012 more than doubled year-on-year (y/y) to JPY5.4bn (USD69m) as operating profit almost tripled y/y to JPY8.4bn (USD105.7m) on sales of JPY126.6bn (USD1.6bn), up 34% y/y. The company also issued a forecast for the full fiscal year, ending 31 March 2013, expecting a net profit of JPY25bn (USD314.3m) and operating profit of JPY38bn (USD477.4m) on sales o...
    News
    Japanese trade regulatory body raids four auto lamp-makers
    The Japan Fair Trade Commission (JFTC) on 13 March raided the head offices of four automotive lighting parts makers on suspicion of forming an illegal price cartel, reports Kyodo News. The four firms are Koito Manufacturing and Stanley Electric, both based in Tokyo; Ichikoh Industries based in Isehara, Kanagawa Prefecture; and Mitsuba based in Kiryu, Gunma Prefecture. The four firms, listed on the Tokyo Stock Exchange, are suspected of allegedly fixing product prices and picking successful bidde...
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    Ichikoh reports net loss during first nine months of FY2011-12
    Japanese automotive parts supplier Ichikoh Industries today (February 14) released its consolidated financial results for the first nine months ended 31 December 2011, of the current financial year FY2012. The company reported a net loss of JPY809m (USD10.5m, 31 December 2011) during the April-December period, against a net profit of JPY2m (USD24,520) in the same period last year. The company's operating profit declined 12.3% year-on-year (y/y) to JPY1.64bn (USD21.2m), while net sales dropped 11...
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    Advanced Lighting Systems
    The last few years have seen something of a revolution occurring in automotive lighting facilitated by a range of new light technologies. The lighting industry as a whole is moving rapidly from the incandescent and gas discharge based technologies that dominated the 20th century to solid state technology in the form of Light Emitting Diodes (LED), which are a point source light; Organic Light Emitting Diodes (OLED), which are an area source and the increasing use of lasers. The benefits of movi...
    Insights
    Research and Development in the Indian Supply Industry
    Innovation is increasingly one of the major elements required by suppliers to ensure long-term competitiveness in any industry with automotive being no exception. Research and Development is also the key tool in resolving most of the challenges the industry faces, from meeting increasingly stringent standards in reducing fuel consumption and emissions to improving safety and driving comfort. The onus of innovation in the automotive industry has, in the past, fallen primarily on automakers. Howev...
    Insights
    FICOSA acquires US-based rear view maker Camryn
    Spanish auto components maker FICOSA has acquired Indiana (US) based manufacturer of rear view mirrors, Camryn Industries. The acquisition will strengthen FICOSA’s position in North America and increase its share in the rear view market to 28.7%. In a press statement, FICOSA said that the acquisition of Camryn, a US$50m company, will enable the company to generate 20% additional sales in the NAFTA economic zone (US and Mexico).  The deal will also boost FICOSA’s manufacturing capabi...
    News
    Ichikoh posts net profit of ¥2m in first nine months of FY 2010-11
    Japanese component supplier Ichikoh Industries has posted a net profit of ¥2m (US$24,520, 31 December 2010) for the first nine months of the fiscal year ended 31 December 2010, reports Reuters. The supplier had posted a net loss of ¥3.75bn (US$40.6m, 31 December 2009) during the same period in FY 2009-2010. The company's revenues increased 5.9% year-on-year (y/y) to ¥70.93bn (US$869.7m) during the period. The increase in revenues helped support a turnaround from loss to profit during the nine...
    News
    Ichikoh Industries Reports H1 Net Profit
    Ichikoh Industries has reported a profit for first-half 2010 on improved sales. For the six-month period ending 30 September, the company saw an increase in revenues of 15.2% year-on-year (y/y) to ¥47.6 billion (US$588.6 million). This has helped support a turnaround from loss to profit during the period, seeing operating profits rise from a loss of ¥1.7 billion in 2009 to ¥1.1 billion, while net losses of ¥4.69 billion became a profit of ¥740 million.Ichikoh supplies the majority of its ou...
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    Valeo-Ichikoh Alliance equips the Nissan Leaf Electric Vehicle with LED low beam headlamps
    The optical system provides multiple innovative front lighting solutions: the collector and reflector are combined as a single thermoplastic part with no lens, giving it a distinctive look a conventional headlamp.With a flux on the road of more than 500 lumens, the wide beam offers a good range and high homogeneity. Thanks to its color temperature of 5500K, it has been ranked at the level of HID lamps during night test comparisons with different mass production headlamps.This low beam module is ...
    News
    Ichikoh to sell Valeo’s headlight system in Japan
    Ichikoh Industries has announced plans to sell a headlight system called as BeamAtic Premium that controls light of the high beam. The system developed by Valeo will be sold by Ichikoh in Japan. BeamAtic Premium converts the high beam to low beam for drivers coming from the opposite side during night time so that they do not get disturbed by high beam. The system does not change the status of the beam from high to low, it instead controls the light in such a way that high beam appears as low t...
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    Latest investments
    Company Region Area of Operation Comment ArvinMeritor USA Automotive 21 July 2010 - ArvinMeritor announced plans to invest US$23m in the next five years in the expansion of its technical centre in Troy, Michigan. The company will upgrade the centre with advanced technologies focused on fuel efficiency, brake technology, suspensions and vehicle dynamics capabilities. Also, the company received a grant worth US$2.2m from Michigan Economic Growth Authority (MEGA) which is being chann...
    Insights
    Ichikoh Industries reports loss of US$4.9m in Q1 FY 2011
    Japanese auto component manufacturer Ichikoh Industries reported financial results for the first quarter of 2011. Quarter ended 30 June (¥m)   Q1 2011 Q1 2010 % change Consolidated Net sales 22,900.0 18,794.0 21.8 Operating Profit 172.0 (1,400.0) - Net Income (425.0) (1,800.0) (76.4)     Conversion rate 0.01128 0.01047           Quarter ended 3...
    News
    Ichikoh to set up rear-lamp manufacturing facility in Thailand
    Ichikoh Industries plans to set up a rear-lamp production facility at Rayong (Thailand), as reported by Nikkei. The company’s plan reflects the expected growth in automotive demand in the country. Financial details of the investment have not been disclosed. Apart from rear combination lamps for the automotive industry, the facility will produce small lamps. The lamps will be supplied to the local Thai market as well as other Asian markets. The plant is expected to start operations in 2011 wi...
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    Latest Joint Ventures
    Supplier JV Partner (s) Location Comment ArcelorMittal Tailored Blanks Americas Corporation Delaco Steel Corporation USA 9 June 2010 - ArcelorMittal SA's subsidiary ArcelorMittal Tailored Blanks Americas Corporation and Delaco Steel Corporation formed a new joint-venture called Delaco AMTB after ArcelorMittal Tailored Blanks acquired 49% stake in DLWB LLC, a unit of Delaco Steel. DLWB operates two laser welding plants in the US located in Dearborn, Michigan and Tonawanda, New York...
    Insights
    Ficosa and Ichikoh form alliance to develop automotive mirrors
    Spanish auto component supplier, Ficosa International, has announced to form an alliance with Ichikoh Industries to manufacture automotive mirrors. The companies will conclude the agreement by June 2010. The alliance, Ficosa-Ichikoh, will be the largest supplier of automotive mirrors globally. Under the agreement, Ficosa will absorb certain operations of Ichikoh in the US, including a manufacturing plant in Kentucky which employs 100 people. The Ficosa-Ichikoh alliance’s geographical footp...
    News
    Ichikoh reports 95% decrease in net loss for the FY2010
    Ichikoh Industries has reported 95% decrease in its net loss for the financial year ended 31 March 2010, mainly due to recovery in vehicle sales volumes amid government incentives. The company’s net loss was ¥839m (US$9.1m, 31 March 2010) in the fiscal year 2010 compared with ¥17.09bn (US$175.7m, 31 March 2009) in the fiscal year 2009. The company sales declined 8.4% to ¥93.4bn (US$1.01bn) from ¥102bn (US$1.05bn). Ichikoh’s operating profit was ¥599m (US$6.5m) against an operating lo...
    News
    Ichikoh’s net loss declines in nine months in FY2009
    Ichikoh Industries has posted a decline in net loss to  ¥3.75bn (US$40.65m, 31 December 2009) for the nine months ended 31 December 2009, compared to a net loss of ¥12.04bn (US$133.21m, 31 December 2008) for the same period in the previous year. Sales declined 19.4% to ¥66.98bn (US$726.15m) compared with ¥83.16bn (US$920m) in the previous year. The company reported an operating loss of ¥766m (US$8.30m) compared to an operating income of ¥105m (US$1.16m) in the previous year. Dra...
    News
    Valeo registers sharp decline in sales in first quarter of 2009
    French auto parts supplier Valeo announced a 33.4% drop in net sales for the first quarter ended 31 March 2009. The company posted sales of €1.62bn in the latest quarter against the sales of €2.44bn in the first quarter of last fiscal year. Global automotive production declined 38% in the first quarter. Operating income in the same period turned negative with a loss of €83m in contrast to an operating income of €86m in previous year’s first quarter. Reduced order levels from its bigg...
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    Toyota’s purchasing strategy and supplier selection
    The market downturn and Toyota’s unprecedented reversal of fortunes are taking a heavy toll on the automaker’s famed supplier group. Denso, Aisin Seiki and JTEKT all will report second-half losses when they close their books in March, while scores of other smaller suppliers, many depending on the automaker for more than half of their business, will experience a similar turnabout. Even a company as solid at Toyota is not immune from this downturn – The company reported its first loss since...
    Insights
    Ichikoh plans to set up a facility in China
    Ichikoh Industries Ltd., a Tokyo-based supplier of rearview mirrors, car lamps, and wipers has announced plans to establish a manufacturing facility in China. The supplier, which primarily provides components to Toyota Motor Corporation plans to spend around ¥4bn (US$40m) to set up the facility which will largely manufacture metal moulds for auto parts. The facility in China, slated to be operational by 2010, will supply to major automakers including Valeo SA of France. Valeo is the largest sh...
    News
    Ichikoh to increase automotive lights production in China by 50%
    Ichikoh Industries is raising the production capacity of automotive lights at its facility in China. The expansion targets a 50% increase in output at the company’s joint venture facility at Foshan, Guangdong Province (China) in order to meet rising demand from local Chinese market. The Foshan facility operates as a joint-venture between Ichikoh and Valeo. Currently, the annual production capacity at the facility is 240,000 units (headlights and tail lights). Post expansion, the companies ar...
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    Latest investments
    Company Region Area of Operation Comment Anand Automotive India Automotive 24 November 2008 - Anand Automotive plans to invest INR6bn (US$120m, 23 November 2008) in India by 2010 as part of its expansion efforts. Thirteen plants are expected to be built during this period. The company already started work on three plants and secured 45 acres of land in Chennai. Bridgestone (Huizhou) Synthetic Rubber Co. Ltd. China Automotive 10 December 2008 - Bridgestone's wholly owned subs...
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    Ichikoh plans to set up a facility in China
    Ichikoh Industries Ltd., a Tokyo-based supplier of rearview mirrors, car lamps, and wipers has announced plans to establish a manufacturing facility in China. The supplier, which primarily provides components to Toyota Motor Corporation plans to spend around ¥4bn (US$40m) to set up the facility which will largely manufacture metal moulds for auto parts. The facility in China, slated to be operational by 2010, will supply to major automakers including Valeo SA of France. Valeo is the largest sh...
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    Company Region Area of Operation Comments Bosch China Powertrain 03 November 2008 - Bosch is to start production of injectors for diesel commonrail systems in China for the passenger vehicles segment. Traditionally, Bosch sources components for commonrail systems from outside China. Now, the company plans to localise the complete production of commonrail systems, for commercial as well as passenger vehicles segments in China by 2009. Delphi Corporation India Automotive 11 No...
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    Looking backward: Mirrors
    As long as there have been eyes and puddles of water, people have been looking backwards by the reflection of light. Since November 1936, when the BBC began television broadcasting, people have been looking at images on screens. Mirrors are mature components, technical champions since the early days of the auto industry, like steering wheels. All 60m cars produced annually need interior and exterior mirrors. However, with concept cars and innovations like cameras that look behind the car to a...
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    Ichikoh Industries half-year net profit at US$1.14m
    Ichikoh Industries has recorded net sales of 57.39bn (US$499.85m, 30 September 2007) for the first half ended 30 September 2007, a marginal low by 1.4%, compared to 58.18bn (US$493.42m, 30 September 2006) for the first half of FY2006.The operating profit slumped by 61.7% from 1.73bn (US$14.67m) to 663m (US$5.77m). The companys net income rose to 131m (US$1.14m), as against a net loss of 4.4bn (US$37.31m) recorded during the same period of previous year.For the full year ending 31 March 2008, the...
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    Ichikoh Industries announces Q1 07 results
    Ichikoh Industries sales for the first quarter ended 30 June 2007, were ¥28.2bn (US$228.7m, 30 June 2007), a decrease of 0.6% from the same period in 2006. The company recorded an operating loss of ¥123m (US$0.99m) down 86.8% compared to a profit of ¥766m (US$6.58m, 30 June, 2006) in 2006. The net loss for Q1 07 was ¥80m (US$0.65m) compared to ¥489m (US$4.2m) in first quarter of 2006.For the six months ended 30 September 2007, the company has forecasted sales of ¥57bn, operating profit of ...
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    Kyushu Ichikoh opens US$19.8m facility
    Kyushu Ichikoh Industries Ltd. opens its new facility in Nakatsu, Oita prefecture (southern Japan). It has invested ¥2.4bn (US$19.8m) into the facility. It will be supplying components to carmakers in the northern part of Japan's southern region of Kyushu, which are increasing their output.The facility is constructed on an 82,550 square metre land plot and has a total floor space of 19,000 square metres. It has added 40 jobs, increasing the number of employees to 136. The new facility is expect...
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    Ichikoh reports net loss for FY2007
    Ichikoh Industries Ltd. for the financial year ended 31 March 2007, reported a net loss of ¥900m (US$7.6m, 31 March 2007) as opposed  to a net profit of ¥1.45bn (US$12.3m, 31 March 2006) last year.  This happened mainly because of inclusion of ¥8.9bn (US$75.4m, 31 March 2007) reserve in the income statements for product warranty expenses along with other high non-operating expenses incurred by the company during the financial year. However, the operating income followed an upward tr...
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    Mitsuba and Ichikoh to set up JV
    Ichikoh Industries and Mitsuba have signed a joint venture agreement to set up a unit in Kentucky (USA), which will be formed after the dissolution Ichikoh Manufacturing. Ichikoh and Mitsuba will hold 75% and 25% stake, respectively. The new company, Ichikoh Mitsuba, will manufacture automotive mirrors, automotive small lamps and other moulded and painted components in North America.According to the terms of the joint venture, a manufacturing facility will be established in Shelbyville, Kentucky...
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    FIEM (India) enter JV with Korea Airconditioners
    FIEM Industries Limited has entered a joint venture with Korea Airconditioners Co Ltd. FIEM will hold a 60% stake and will manufacture, assemble and sell car components and air- conditioners. Korea Airconditioners will own 40%.FIEM has also signed Memorandum of Understanding (MoUs) with Aspock Holding GmbH, Austria, and ZADI Divisione Fanaleria CEV Spa, Italy to set up joint ventures. The joint venture with Aspock will be a 50:50 one, the one with Zadi will have FIEM holding 60 per cent stake. T...
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    Joint Ventures in July 2006
    Supplier JV Partner Date Description Westport Innovations Inc. Beijing Tianhai Industry Co. (BTIC) 24-Jul-06 Companies to initially invest US$400,000 in the JV. Under the agreement, LNG tanks, designed by Westport, will be manufactured in BTIC’s new cryogenic facility in Beijing (China), which was set up in June 2006. Ube Industries Ltd. Marubeni 19-Jul-06 Plant to become operational in 2009 and to have an initial annual production capacity of 50,000 tonnes of butadiene rubber...
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    FIEM makes expansion plans
    FIEM Industries is setting up an R&D facility in Japan to enable closer coordination with Japanese OEMs for producing automotive lighting equipment. The company is also planning to set up a facility in Hosur, Tamil Nadu (India), and another in Himachal Pradesh (India). The company also plans to invest about INR740m to expand its product range.The facility at Hosur will be an export oriented unit (EOU) and the products manufactured there will be exported to Piaggio in Italy, Aspock Holding Gm...
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    Valeo forms lighting systems JV with Ichikoh in China
    Valeo has formed a 50:50 joint-venture with Japanese lighting system manufacturer Ichikoh in China to manufacture automotive lighting systems. This is the company’s thirteenth operation in China. The new joint-venture company, Foshan Valeo Ichikoh Auto Lighting Systems Co Ltd, will cater to the demands of Japanese car manufacturers in China. The plant based in Foshan near Guangzhou will become operational in April 2007 and employ 400 people. The new company will collaborate with the Valeo Auto...
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    Nissan's keiretsu suppliers in Japan
       Name of Company Prefecture/City Parts/Products Ahresty Tokyo Aluminium die-cast parts Aisan Industries (Aisan Kogyo) Kanagawa Fuel pumps, throttle bodies and engine valves Aisin AW Aichi Prefecture Automatic transmissions and car navigation systems Aisin Seiki Tokyo ABS, automatic transmissions and brakes Akebono Brake Saitama Brakes & assembly Alpha Yokohama Key sets and hardware, die-cast parts, western construction hardware, resin forms...
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    Recent Investments
    Company Location Description of Operation Size of Investment and Timing American Axle & Manufacturing Ohio, US Precision forgings for driveline components The Minerva, Ohio facility of AAMs Colfor Manufacturing, Inc. subsidiary is investing more than $60m in building expansion, machinery and equipment, and will create 175 new jobs over the next 24 months. Toyota and Guangzhou Automobile Group China Engine manufacturer Toyota and Guangzhou will invest around ¥25bn (US$216.5m -...
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    Valeo increases its stake in Japan's Ichikoh
    Valeo has increased its stake in Japanese auto lighting and mirrors manufacturer Ichikoh Industries Ltd. to 27.6% from 20.7%. Valeo has had stake in Ichikoh since 2000, when the companies signed an agreement for lighting products in Japan. The increase of stake in Ichikoh will help Valeo to reinforce its presence in Asia.
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    Renault-Nissan Supplier Database
    Exterior Body side mouldings Bourbon Fabi, Collins & Aikman, Mecaplast, Oxford, Rehau, Peguform Bumpers Dynamit Nobel, Faurecia, Hutchinson, Hutchinson/Catelsa, Hydro Aluminium, Neyr, Peguform, Plastic Omnium, Sacred Sunroofs and hinges Airax, Alcala, ArvinMeritor, Bourbon Fabi, Comptoir General Du Ressort, Dana, Dura, Edscha, Fabricacion De Bisagras, Gedia, Gencorp, Inalfa, Mecanindus, MGI Coutier, Nobel, Oxford, Peguform, Plegamans, Siemens VDO, Webasto Exterior mirrors Bou...
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    Toyota may restructure ownership of keiretsu
    Many non-Japanese CEOs would think that a company with 540 consolidated subsidiaries, 226 affiliates and 56-equity method affiliates is rife for structural reform and re-alignment and perhaps that is the case with Toyota. Since the end of last year, Toyota management has been hinting that they are seriously considering re-aligning its core supplier network.The move is partly to thwart any acquisition attempts by outsiders and partly to strengthen its supplier network.In Japan, M&A is a conse...
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    Renault-Nissan joint purchasing volume grows
    Odile Desforges,purchasing director of Renault and RNPO RNPO, the joint purchasing organisation of Renault and Nissan, accounted for 43% of the purchases of the two companies in 2003.The purchasing director of Renault and RNPO, Odile Desforges talked to Bertrand Gay, editor of the French language newsletter Automobile et Composants. The newsletter's website is http://lettres.lesechos.fr/auto. Translated by Gaby Leigh. Reproduced with permission. What are the objectives for Renault and RNPO? ...
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    Valeo's mature China strategy moves to the next stage -- building up engineering strength in the country
    ALREADY WELL-ESTABLISHED in China, Valeo now wants to develop its engineering capability in the country as part of an effort that could lead to China serving as an export base to Japan.The French giant is building a new technical center in Wuhan, China, to develop "advanced automotive lighting systems for both Chinese and European carmakers." The expansion is a measure of the growing importance of China and its industry's move up the value chain.Valeo is hiring 20 engineers to start development ...
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    Valeo’s turnaround
    Valeo entered this decade with a growing problem. The company made some expensive acquisitions at the end of the 1990s, with ITT Industries’ Automotive Electrical Systems in June 1998 and Sylea and other automotive activities from Labinal in May 2000. However the group had difficulty digesting its acquisitions and in the first quarter of 2001 the group ran into trouble as sales slowed and cracks opened in its finances. The group moved into loss. Finance Director Thierry Morin was appointed Chi...
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