Overview of Sales and Profits

Historial Business Results(Consolidated)

Net Sales

Net Sales

Operating Income

Operating Income

Profit attributable to owners of parent

Net Income
     
  2015.3 16Period
(Results)
2016.3 Period
(Results)
2017.3 Period
(Results)
2018.3 Period
(Results)
2019.3 Period
(Plan)
billion yen year on year change (%) billion yen year on year change (%) billion yen year on year change (%) billion yen year on year change (%) billion yen year on year change (%)
Net Sales 294.5 (3.0) 273.0 (△7.3) 247.7 (△9.3) 275.2 (11.1) 295.0 (7.2)
Operating Income 11.5 (1.74) 5.4 (△52.8) 5.6 (△3.3) 13.7 (145.0) 13.0 (△5.4)
Ordinary Income 15.0 (2.75) 6.1 (△58.9) 7.4 (△20.6) 13.6 (83.8) 12.0 (△12.2)
Profit attributable to owners of parent 12.7 (3.77) 10.6 (△15.8) 7.7 (△27.5) 9.3 (20.2) 10.0 (7.2)
Return on Assets
(ROA)
6.35.13.84.4 4.5
Dividend per Share
(Interim dividends)
¥30 
(¥10)
¥30 
(¥15)
¥30 
(¥15)
¥30 
(¥15)
¥30 (Plan)
(¥15)
Exchange rate $1=¥110
€1=¥139
$1=¥120
€1=¥133
$1=¥108
€1=¥119
$1=¥111
€1=¥130
$1=¥107
€1=¥131

Basic policies on profits distribution and dividends

In the Japanese economy during the fiscal year ended March 31, 2018, there was a moderate trend of recovery, and the gradual expansion of the U.S. and European economic activities continued.
However, the outlook for the global economy remained uncertain owing to the policy direction of the new administration in the U.S., as well as rising geopolitical risks in the Far East.
In the car electronics industry, amid the accelerating use of electronics in cars, collaboration between the in-car IT field which center on infotainment systems, and new fields such as autonomous driving and AI (artificial intelligence) is expanding, leading to intensified competition among companies regardless of business area or type.
Under these circumstances, the Alpine Group (the “Group”) regards this fiscal year as a year to accomplish structural reforms in order to achieve VISION2020, its corporate vision targeting the 2020 fiscal year, and it has developed the “14th Medium-term Management Plan,” which commenced in the fiscal year ended March 31, 2017. Based on this plan, the Group has enhanced its technological development capabilities by absorbing its domestic technological development subsidiaries and the Company has acquired C’s Lab Co., Ltd. as a subsidiary to strengthen its capital and business alliances because software performance and quality are important elements that affect a product’s competitiveness. In addition, with the aim of achieving volume production of a HUD (head-up display) utilizing 3D AR (augmented reality) technology developed by Konica Minolta, Inc., we began joint development with that company. Furthermore, the Group has worked to construct a more robust business platform and has been moving ahead to reorganize the group through structural reforms, such as by improving productivity at the three domestic manufacturing subsidiaries that were integrated at the beginning of the fiscal year. On the business front, as a means of realizing the enjoyable car lifestyle demanded by users, the Company has commenced a new business front, as a means of realizing the enjoyable car lifestyle demanded by users, the Company has commenced a new business consisting of sales of “Alpine Style Customized Cars.” In addition to implementing these measures, the Group recorded firm sales of products tailored to specific vehicle models under the Alpine brand in the domestic aftermarket, and growth in OEM sales to European automotive manufactures in China, which, together with a contribution from yen depreciation, led to an increase in net sales. Also, operating profit, in addition to benefiting from higher sales, posted an increase as a result of efforts to reduce non-current expenses, such as by streamlining R&D.
As a result, during the fiscal year ended March 31, 2018 (April 2017 to March 2018), consolidated net sales increased 11.1% compared with the previous fiscal year, to \275.2 billion. Operating profit increased 145.0% to \13.7 billion, ordinary profit increased 83.8% to \13.6 billion, and profit attributable to owners of parent amounted to \9.3 billion, an increase of 20.2% compared with the previous fiscal year.

<Consolidated earnings forecasts>
Net sales \295.0 billion (up 7.2% year on year)
Operating profit \13.0 billion (down 5.4% year on year)
Ordinary profit \12.0 billion (down 12.2% year on year)
Profit attributable to owners of parent \10.0 billion (up 7.2% year on year)
*Prerequisite exchange rate assumptions for forward- looking statements:US$1=\107 and €1=\131

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