Annual Report 2017/2018
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Annual Report 2017-2018 CONTENTS Company Overview Business Domains ……………………………………………… 3 Business Report ………………………………………………… 5 History ………………………………………………………………… 7 Vision Top Message ……………………………………………………… 9 Mid-term Business Plan ……………………………………… 11 Directions of Approaches ……………………………………12 Corporate Philosophy Editorial Policy CSR Alpine values its members as individuals, and is committed to forming an energetic Since fiscal year 2016, Alpine has published an Annual Report that combines the annual report for financial information and the and attractive company where the quality of work is enhanced. Alpine CSR …………………………………………………………13 corporate profile/CSR report for business activities centering on Provision of Products and Services to non-financial information. We consider this report an important Solve Social Problems …………………………………………14 1 Respect for Individuality communication tool to help our stakeholders understand our Sustainable Supply Chain Management ………………15 activities, and actively disclose information on our business Alpine seeks to foster the pride and enthusiasm of each employee, providing the means Customer Satisfaction plans, performance, CSR management policy, environmental and opportunities for growth, and encouraging relationships built on mutual trust. Environment …………………………………………………………16 conservation efforts, and other aspects of our business. Involvement with Local Community ……………………17 2 Creating Value Participation of Diverse Human Resources ………18 Designations Within This Report Alpine eagerly takes up the challenge of maintaining technical leadership Corporate Governance ………………………………………19 Alpine: Refers to the non-consolidated domestic business. Compliance ……………………………………………………… 22 in creating new values that will enhance the quality of human life. Alpine Group: Refers to all consolidated companies around Risk Management the world. Summary of CSR Activities ……………………………… 23 3 Contribution to Society Alps Group: Refers to the corporate group led by Alps Electric. Alpine is committed to providing superior products and thus contributing to a fuller, richer society. Financial Data Scope and Period Covered by Report [Scope] Conduct Guidelines This report covers the Alpine Group in Japan and around the world, Financial Analysis……………………………………………… 24 but the scope of individual topics may vary. Consolidated Balance Sheets ………………………… 27 Consolidated Statements of Income Creation, Passion, Challenge [Period] and Comprehensive Income …………………………… 29 ● In principle, this report covers the period from April 1, 2016 to We will boldly challenge ourselves to create new value and perform MONOZUKURI with passion. Consolidated Statements of Cash Flows ………… 30 March 31, 2017, but it does include some activities from before Consolidated Statements of Changes in Equity … 31 and after that period. ● The Japanese portion of the environmental report covers VISION2020 Vision Statement the period from April 2016 to March 2017, and the overseas State of the Alpine aims to be a Mobile Media Innovation Company portion covers the period from January to December 2016. Company Published in June 2017 that provides you with an enjoyable car lifestyle. Financial/Non-financial Highlights …………………… 33 Corporate Outline and Shares ………………………… 34 1 Annual Report 2017-2018 Annual Report 2017-2018 2 Company Overview Business Domains We will create the car lifestyles of the next generation as a mobile media innovation company. Navigation & We offer a premium car lifestyle that exceeds customer expectations in the business domains of Audio, Cockpit Display Visual, Navigation & Cockpit Display, Communication & Cloud Services, and Drive Assist. Company Overview Car Navigation System BIG X”11” [Japan] Our model-specific car navigation Visual Car Navigation System systems come with 11-inch monitors, the largest in the world. AV Head Unit X209D [North America] iLX-107 A water and dustproof 9-inch [North America/ navigation system, designed exclusively for the Jeep Wrangler. Europe/Asia] We provide industry-leading devices with sophisticated flat design and compatibility with Vision wireless Apple CarPlay®. Rear Vision Communication & PXH12X-R-AV Cloud Service CSR [Japan] Rear seat passengers can enjoy digital terrestrial broadcasts and DVDs on a large 12.8-inch screen. Smartphone App The unit is equipped with Alpine Connect Plasmacluster technology Financial Data [North America/ that cleans the air in the vehicle. Drive Assist Europe/Australia] The Alpine Connect smartphone app makes various applications available Audio on on-board devices. State of the Company Rear View Camera HCE-C1000D-AV [Japan] This HDR camera enables bright, clear images to be displayed even in dark places, assisting with smooth parking. Amps & Speakers X-A90F/S65C Speakers [North America/ X3-710S-AV [Japan] Europe/Asia] Delivering the ultimate sound Our 5-channel high-fidelity with special design/tuning for digital power amp and high- the Vellfire and the Alphard, resolution speakers support these speakers increase various systems. owner satisfaction. 3 Annual Report 2017-2018 Annual Report 2017-2018 4 Company Overview Business Report We work to maximize corporate value through our global sales, production, and development network. Company Overview H Headquarters S Sales Base M Manufacturing Base S D Development Base D S S S S D H M D S M H Japan 市販 S H S S 音響機器 S S S D M 13% ビジネスS S S S 事業 M 17% S Asia North America 19% S S D S S Vision 13% D% 35 H H M S M OEMビジネス 情報・通信機器事業 S Europe 80% % 39% 81 CSR S ● Sales Ratio by Region ● Ratio of Employees by Region Audio equipment business Information and communications equipment business Asia 3% Financial Data North Japan 市販 ● Sales Ratio by Segment/Destination America 音響機器 % ビジネス 13 事業 17%14% Asia North America 19% China Europe % State of the Company 13 % 36% Audio 35 17% equipment business OEMビジネス 情報・通信機器事業 19% Europe Japan 80% 81% After-market 39% 30% business 20% Information and Speakers, amps, etc. communications Navigation systems, displays, etc. equipment Positive Positive OEM business business ● Launch of new products in the after-market Factors Factors ● Launch of new products in the U.S. ● Expansion of sales in the after-market 80% 81% ● Expansion of sales for European automobile ● Expansion of sales of small/lightweight manufacturers products ● Time needed to develop business flow for the ● Integration with information and overseas after-market Asia 3% Negative ● Model changes of some vehicles of Negative communications devices Factors Factors Japanese-affiliated manufacturers North % 8.4% 13.0decrease Sales: decrease America Sales: billion yen from billion yen from 201.7 45.9 previous previous 14% term term Forecast Forecast 201.8 billion yen China Europe 48.1 billion yen for next for next year: (0.0% increase from previous term) 36% 17% year: (4.8% increase from previous term) 5 Annual Report 2017-2018 Annual Report 2017-2018 6 Japan 30% Company Overview History 2017 sees the celebration of our 50th Alpine Electronics 50th Anniversary Logo The logo features the number 50, which uses a tire motif to symbolize mobility. The five-line stripe from our brand logo, shooting up over the number, represents our anniversary — A history of creation, resolution to progress beyond our existing business domains. passion, and challenge. Company Overview 9 9 99 99 2000 2010 Handy-8 5 99 55 99 VIE-X088 A A M after-market Vision 9 99 2001 5 9 M 9 M M founded CSR 9 9 99 2011 2017 5 TSE founding ( 99 Financial Data State of the Company 9 99 99 99 2007 2014 595 59 CHA-S604 iDA-X001 iLX-007 ( ® brand Shuttle ( ® 7 Annual Report 2017-2018 Annual Report 2017-2018 8 Vision Message from the President We aim to look beyond 2020 to create new brand value through challenges beyond past experiences. Company Overview Increase New demonstrate our company's strengths, of Business Product such as ADAS (advanced driver-assistance Scale Expansion Vision systems). In order to continue growing beyond OEM Product Prior After-market changes in the automobile industry, Alpine Order Development Cycle Introduction Product Creating needs to further polish its strengths. The Received for Automobile of New Development Markets Technologies 14th Mid-Term Business Plan lays out the Manufacturers Cycle need to further investigate HMIs (human- machine interfaces), core technologies Prior Proposals that we have developed in our work in the Joint for OEM Workshops CSR car audio and car navigation businesses. Products Though cars are becoming more intelligent, the needs for safety and ease of use never President change. We will continue to provide our an example of the results of our work to Nobuhiko Komeya own unique value as we pursue HMIs that demonstrate the new value of the Alpine appeal to all five senses, using cutting- brand. edge technologies like AI (artificial In addition to promoting the business Financial Data intelligence) and deep learning to create decided through customer orders, user-friendly equipment and systems. today Alpine is working on a number In addition, we will continue to of challenges related to the next steps At Alpine, we are working to achieve reform will be allocated with high priority strengthen Alpine's distinctive two-axis beyond VISION 2020. We are looking for VISION 2020, our long-term business into business for 2020 and beyond, based business model, as both an