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Electronic Technology

Sumitomo Precision Products Co., Ltd.

Business Summary

Sumitomo Precision Products Co., Ltd. engages in the manufacture of aerospace equipment. It operates through the following business segments: Aerospace-related, Heat Energy and Environmental-related, and ICT-related. The Aerospace-related business segment manages the production of propeller systems, landing gear systems, thermal control systems, pneumatic and air-conditioning systems, space equipment, and hydraulic pumps and valves. The Heat Energy and Environmental-related businesss segment handles the production of liquefied natural gas vaporization equipment, aluminum plate fin heat exchanger, stainless steel or titanium heat exchanger, and ozone treatment system. The ICT-related businesss segment covers the production of micro-electromechanical systems (MEMS), semiconductor and liquid crystal manufacturing equipment, and gyro sensor. The company was founded in January 1961 and is headquartered in Amagasaki, Japan.

Financial Highlights

Mar 2020 JPYUSD
Revenue51,017M469.22M
Gross Profit12,444M114.45M
Operating income3,354M30.84M
Income before tax3,291M30.26M
Net income1,002M9.21M
EBITDA5,502M50.60M
Diluted EPS189.371.74
Dividends Per Share----
Total Assets77,485M717.75M
Total liabilities48,845M452.45M
Total equity27,467M254.43M
Operating cash flow1,275M11.72M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 51,210M 48,096M 47,241M 48,990M 51,017M
Gross Profit 10,958M 9,930M 10,888M 12,109M 12,444M
Operating income 1,306M 731M 2,035M 2,391M 3,354M
Income before tax -570M -1,039M 1,440M -3,074M 3,291M
Net income -624M -1,487M 501M -2,359M 1,002M
EBITDA 4,018M 3,479M 4,340M 4,362M 5,502M
Diluted EPS -117.87 -281.12 94.65 -445.95 189.37
Dividends Per Share 70 50 50 25 --
Total Assets 82,956M 77,811M 80,133M 83,678M 77,485M
Total liabilities 49,307M 45,455M 46,481M 55,050M 48,845M
Total equity 32,875M 31,495M 32,547M 27,456M 27,467M
Operating cash flow 1,384M 6,034M 5,176M 3,700M 1,275M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 426.45M 444.15M 426.23M 441.77M 469.22M
Gross Profit 91.25M 91.70M 98.23M 109.19M 114.45M
Operating income 10.87M 6.75M 18.36M 21.56M 30.84M
Income before tax -4.74M -9.59M 12.99M -27.71M 30.26M
Net income -5.19M -13.73M 4.52M -21.27M 9.21M
EBITDA 33.45M 32.12M 39.15M 39.33M 50.60M
Diluted EPS -0.98 -2.59 0.85 -4.02 1.74
Dividends Per Share 0.58 0.46 0.45 0.22 --
Total Assets 738.07M 698.29M 753.48M 756.00M 717.75M
Total liabilities 438.69M 407.92M 437.05M 497.35M 452.45M
Total equity 292.49M 282.64M 306.03M 248.05M 254.43M
Operating cash flow 11.52M 55.72M 46.70M 33.36M 11.72M

Valuation Measures

Mar 2020
PER11.70
ROA1.24%
ROE3.64%
Operating margin6.57%
Profit margin1.96%

Key executives

  • President & Representative Director: Yoshio Taoka
  • Representative Director & Executive Vice President: Katsuhiko Hamada
  • Representative Director & Executive Vice President: Machi Nakata
  • Representative Director & Executive Vice President: Akira Satake
  • Executive Officer: Shogo Ishimaru

Shareholders

  • Sumitomo Corp. (27.4%)
  • NIPPON STEEL CORP. (14.3%)
  • Dimensional Fund Advisors LP (2.3%)
  • Sumitomo Precision Products Business Association (2.3%)
  • Nomura Asset Management Co., Ltd. (1.6%)
  • YAMAMOTO KAZUHIRO /KOBE/ (1.1%)
  • Sumitomo Mitsui Financial Group, Inc. (1.0%)
  • Nikko Asset Management Co., Ltd. (0.9%)
  • Kuwait Investment Authority (Investment Management) (0.8%)
  • Daiwa Asset Management Co. Ltd. (0.7%)

Contact Details

Related Companies

  • Jusei Hydro System Co. Ltd.
  • Sumitomo Precision Shanghai Co. Ltd.
  • AvioCast, Inc.
  • SPP Technologies Co., Ltd.
  • ANA Comp Technics Co., Ltd. /Aircraft Landing Gear Bus/
  • SPP Canada Aircraft, Inc.
  • Sumiseisangyo KK
  • Met Co. Ltd.
  • Sumitomo Precision USA, Inc.
  • Sumitomo Precision Products Business Association

Competitors

  • TAT Technologies Ltd.
Last Updated on 11 May, 2021

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