Alpine 2014 Annual Report Download

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Annual Report 2014-2015
For the year ended March 31, 2014

Table of contents

  • Page 1
    Annual Report 2014-2015 For the year ended March 31, 2014

  • Page 2
    ... to grow as a Mobile Media Solution Company creating future value, Alpine creates a safe, comfortable vehicle interior environment that makes driving a pleasure with its cutting-edge in-car equipment and systems. Music and image media and communication tools are diversifying and moving to the...

  • Page 3
    ...Summary of Selected Financial Data (Consolidated) 44th term From April 1, 2009 to March 31, 2010 45th term From April 1, 2010 to March 31, 2011 46th term From April 1, 2011 to March 31, 2012 47th term From April 1, 2012 to March 31, 2013 48th term From April 1, 2013 to March 31, 2014 Net sales...

  • Page 4
    ...to buy our own treasury shares. In order to clarify the long-term corporate goals we aim to achieve in the midst of great changes in the international politics, economy and environment, we have enacted VISION2020. With our new Corporate Message, "Driving Mobile Media Innovation - to the future value...

  • Page 5
    ... at an increasing pace, as competition newly focused on the environment, saving energy, and safety appears along with smart phones, etc. By treating this change as an opportunity, we will work to manage our company adapting to changing times and will strive to achieve the goals of VISION2020 as...

  • Page 6
    ... of sales competition with rival companies in the domestic aftermarket, the Information and Communication Products segment promoted business tailored to specific car models and continued to focus on expanding sales of the "BIG X" series of large-screen navigation systems. In particular, Alpine...

  • Page 7
    III. Business Review Changes in Major Management Indices for the Fiscal Year Ended March 31, 2014 (fiscal 2013) Net Sales Operating Income Ordinary Income Net Income Share Price High Low Dividend -6-

  • Page 8
    ...value-added products that link smartphones with in-vehicle information systems, Alpine announced that it would introduce CarPlay-enabled products in the American and European aftermarkets in autumn 2014. Use of Alpine's CarPlay-compatible products will enable drivers to use their iPhone applications...

  • Page 9
    ...face-to-face communications with industry leaders helped us to deepen their understanding of the joint efforts being made by Alps and Alpine. Following CES 2014, Alps and Alpine are taking the technology exhibition on the road to customer offices in North America, Europe, and Japan in a united group...

  • Page 10
    ...'s feelings," utilizes the latest sensor technologies to observe the driver's sight line and motions to support the driver by displaying the information most appropriate given the driver's gestures and the road conditions. The display enabled many people to get a hands-on experience with the system...

  • Page 11
    ... rating of navigation systems as in-vehicle infotainment systems. President Usami accepts the award Alpine's BIG-X series received high evaluations from consumers who appreciated its distinguishing feature from other aftermarket systems, namely the availability of modules designed to fit...

  • Page 12
    ..., 2013 Assets Current assets Cash and deposits Notes and accounts receivable - trade Merchandise and finished goods Work in process Raw materials and supplies Deferred tax assets Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and...

  • Page 13
    ... - trade Short-term loans payable Accrued expenses Income taxes payable Deferred tax liabilities Provision for bonuses Provision for directors' bonuses Provision for product warranties Other Total current liabilities Non-current liabilities Deferred tax liabilities Provision for retirement benefits...

  • Page 14
    ... Interest expenses Sales discounts Commission fee Loss on settlement of receivables on tooling Loss on inventory extinguishment Other Total non-operating expenses Ordinary income Extraordinary income Gain on sales of non-current assets Gain on sales of investment securities Compensation income...

  • Page 15
    ...2013 Minority interests in income Income before minority interests Other comprehensive income Valuation difference on available-for-sale securities ...of parent Comprehensive income attributable to minority interests 57 1,804 1,085 25 5,489 1,127 7,729 9,533 9,351 182 Fiscal year ended March 31, 2014 ...

  • Page 16
    ... Consolidated Statements of Changes in Equity Fiscal year ended March 31, 2013 (Millions of yen) Shareholders' equity Capital stock Balance at beginning of current period Changes of items during period Dividends of surplus Net income Purchase of treasury shares Disposal of treasury shares Transfer...

  • Page 17
    ...2014 (Millions of yen) Shareholders' equity Capital stock Balance at beginning of current period Changes of items during period Dividends of surplus Net income Change of scope of consolidation Purchase of treasury shares Disposal of treasury shares Transfer... of defined benefit plans - Total ...

  • Page 18
    ... method Loss (gain) on sales of property, plant and equipment Decrease (increase) in notes and accounts receivable trade Decrease (increase) in inventories Increase (decrease) in notes and accounts payable - trade Increase (decrease) in provision for product warranties Other, net Subtotal Interest...

  • Page 19
    ... ALPINE OF ASIA PACIFIC INDIA PRIVATE LIMITED ALPINE ELECTRONICS OF MIDDLE EAST FZCO ALPINE ELECTRONICS MARKETING, INC. ALPINE TECHNOLOGY MANUFACTURING, INC. ALPINE ELECTRONICS MANUFACTURING, INC. ALPINE PRECISION, INC. ALPINE GIKEN, INC. ALPINE CUSTOMERS SERVICE CO., LTD. ALPINE INFORMATION SYSTEM...

  • Page 20
    ... Board Member Stock Status (as of March 31, 2014) Total number of authorized shares: Total number of shares issued: Number of shareholders: Major shareholders (Top 10) Shareholder name ALPS ELECTRIC CO., LTD. OM04 SSB Client Omnibus (Standing Proxy: The Hongkong and Shanghai Banking Corporation...