Alpine 2015 Annual Report Download

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Annual Report 2015-2016
For the year ended March 31, 2015

Table of contents

  • Page 1
    Annual Report 2015-2016 For the year ended March 31, 2015

  • Page 2
    ... to grow as a Mobile Media Innovation 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
    ...,883 43,947 34,052 46,680 56,130 Number of employees [Separately, average number of temporary employees] (Persons) 10,835 [621] 11,058 [703] 11,107 [919] 11,608 [790] 11,343 [1,106] Notes: 1. 2. Net sales does not include consumption taxes. Diluted net income per share for the 45th, the...

  • Page 4
    ... our domestic aftermarket business, the "BIG-X Premium" series of car navigation systems was extremely well received in the market. Tailored to fit specific vehicle models in combination with the "Perfect Fit" installation kits, the series was highly evaluated for a range of attributes including its...

  • Page 5
    ... and reliability for car users have come to be of key importance. To address the growth in the number of technological fields with which we need to engage, we are working not only to optimize the efficiency of our development process, but also to bolster our technical development capabilities to...

  • Page 6
    ... well as entry-level models with Bluetooth functionality. Nevertheless, sales remained lackluster. Sales in the OEM market declined, as weakness in Europe and Asia outweighed increased sales of high-quality sound systems built around amplifiers and speakers, accompanying brisk sales of new cars in...

  • Page 7
    IV. Business Review Changes in Major Management Indices for the Fiscal Year Ended March 31, 2015 (fiscal 2014) Net Sales (billion yen) Operating Income (...Share Price (yen) 2,500 2,000 1,500 Dividend (yen) 30 30 25 20 20 20 High Low 25 20 15 1,000 10 500 0 2014/4 5 6 7 8 9 10 11 12 2015/1 ...

  • Page 8
    ... with General Motors, Alpine contributes actively in a range of ways-by proposing innovative technologies and working to resolve issues, for instance-and therefore is rated highly as a strategic partner with regard to the development, supply, and quality of products. We were extremely gratified to...

  • Page 9
    ...only safe to use and of high quality, but also enriched the quality of life with cars. Encouraged by these awards, we will continue to be a partner that automakers can rely on, developing products that can provide even greater satisfaction to customers. VOLVO award ceremony The Fresh Air Subwoofer...

  • Page 10
    ... cars fitted with model-specific navigation systems for the pick-up truck market, which Alpine is currently targeting, as well as sound systems featuring interior acoustics tuned individually for each vehicle. Together with Alps Electric, we also held an exhibition of cutting-edge technologies...

  • Page 11
    ... Hino and a big band made up of Alpine's President, Toru Usami, and employees of Alpine. The event came about as a result of the organizing entities' shared desire to support recovery after the Great East Japan Earthquake by contributing to local culture through music. Played to a packed hall, the...

  • Page 12
    ... 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 structures Accumulated...

  • Page 13
    ...' retirement benefits Other Total non-current liabilities Total liabilities Net assets Shareholders' equity Capital stock Capital surplus Retained earnings Treasury shares Total shareholders' equity Accumulated other comprehensive income Valuation difference on available-for-sale securities Deferred...

  • Page 14
    ...accounted for using equity method Foreign exchange gains Insurance income for inventory extinguishment Other Total non-operating income Non-operating expenses Interest expenses Sales discounts Commission fee Loss on inventory extinguishment Overseas withholding tax...ended March 31, 2015 294,560 242,...

  • Page 15
    ... income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax Share of other comprehensive income of entities accounted for using equity method Total other comprehensive...

  • Page 16
    ...yen) Shareholders' equity Capital stock Balance at beginning of current period Cumulative effects of changes in accounting policies Restated balance Changes of items during period Dividends of surplus Net income Change of scope of consolidation Purchase of treasury shares Disposal of treasury shares...

  • Page 17
    ... 2015 (Millions of yen) Shareholders' equity Capital stock Balance at beginning of current period Cumulative effects of changes in accounting policies Restated balance Changes of items during period Dividends of surplus Net income Change of scope of consolidation Purchase of treasury shares Disposal...

  • Page 18
    ... accounted for using equity 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...

  • Page 19
    ... OF AUSTRALIA PTY. LIMITED 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...

  • Page 20
    ...., Settlement & Clearing Services Division) Japan Trustee Services Bank, Ltd. (Trust Account) The Master Trust Bank of Japan, Ltd. (Trust Account) CHASE MANHATTAN BANK GTS CLIENTS ACCOUNT ESCROW (Standing Proxy: Mizuho Bank, Ltd., Settlement & Clearing Services Division) THE BANK OF NEW YORK MELLON...