Annual Report 2016-2017
Annual Report 2016-2017
CONTENTS
Top Message 4
Overview of Alpine
Profile 6
Business Domains Value Chain 8
Business Report
Segment Information Sales Ratios 10
Financial/Non-financial Highlights 11
Corporate PhilosophyAlpine values its members as individuals, and is committed to forming an energetic and attractive company where the quality of work is enhanced.
1 Respect for Individuality
Alpine seeks to foster the pride and enthusiasm of each employee, providing the means and opportunities for growth, and encouraging relationships built on mutual trust.
2 Creating Value
Alpine eagerly takes up the challenge of maintaining technical leadership in creating new values that will enhance the quality of human life.
3 Contribution to Society
Alpine is committed to providing superior products and thus contributing to a fuller, richer society.
Conduct GuidelinesCreation, Passion, Challenge
We will boldly challenge ourselves to create new value and perform MONOZUKURI with passion.
VISION2020 Vision StatementAlpine aims to be a Mobile Media Innovation Company that provides you with an enjoyable car lifestyle.
Editorial PolicyUp until fiscal 2015, Alpine has separately published an annual report, a corporate profile/CSR report and online CSR/environmental information. As of fiscal 2016, these have been combined into our annual report, which covers both financial and non-financial information. At Alpine, we believe in the importance of having our stakeholders understand our activities by actively disclosing information on our business plans, performance, CSR management policy, environmental conservation efforts and other aspects of our business. As such, we consider this report an important communication tool.
Designations Within This ReportAlpine: Refers to the non-consolidated domestic business.
Alpine Group: Refers to all consolidated companies around the world. Alps Group: Refers to the corporate group led by Alps Electric.
* ESG stands for environment, social and governance and is an important criterion for evaluating corporate value, together with financial information. This report provides a summary of the Alpine Group's ESG efforts.
Scope and Period Covered by Report[Scope]
This report covers the Alpine Group in Japan and around the world, but
the scope of individual topics may vary.
[Period]
●In principle, this report covers the period from April 1, 2015 to March 31, 2016, but it does include some activities from before and after that period.
●The Japanese portion of the environmental report covers the period
from April 2015 to March 2016, and the overseas portion covers the
period from January to December 2015.
Published in July 2016
ESG Efforts
Research and Development 12
Intellectual Property 14
Quality Assurance 15
Material Procurement 16
Human Resource Cultivation 17
Diversity 18
Labor Safety 19 Environment 20
Local Community 22
Corporate Governance 23
Compliance 26 Risk Management 27
Information Security/Information Disclosure 28
Alpine CSR 29
Financial Data
Consolidated Financial Statements 30
2 Annual Report 2016-2017
Annual Report 2016-2017 3
Message from the PresidentWe will build a foundation for growth into a mobile media innovation company.
The decision has been made for a two-person management system consisting of Toru Usami, Chairman of the Board, and Nobuhiko Komeya, President & CEO. Working together, they will carry out their heavy responsibility, working on improving performance in the short term and improving profits from the perspective of company-wide optimization for future growth while actively responding to various changes.
The car electronics industry is currently in a period of major structural change against a backdrop of car computerization and changes in the motorized society. In the midst of this business environment, Alpine is promoting VISION 2020, the corporate vision for the year 2020. In VISION 2020, the vision for Alpine's future is to be a mobile media innovation company that provides you with an enjoyable car lifestyle. Our commitment is to make leaps forward as a company that creates new relationships between people and cars.
Looking back at f iscal 2015, the circumstances were dire for business results, including changes in new car sales trends in major markets and exchange rate fluctuations in the second half of the year. At the same time, customer-oriented efforts resulted in our OEM business being recognized as a strategic supplier by a
Top Message
partner automobile manufacturer. We also received several awards for our commitment to sound in our domestic commercial business and our product proposals focused on the car lifestyles of families raising children. We were also able to make progress on alliances in China and the United States aimed at developing products to contribute to the motorized society of the next generation.
Overview of Alpine
Business Report
Fiscal 2016 is the year to build a foundation for growth in order to achieve the targets of VISION 2020. With greater vigor and a sense of urgency, we will promote innovation based on customer value, increased cost competitiveness in the aim of achieving a profitable structure and the establishment of a unified global team system.
ESG Efforts
Considering CSR the very business activities that embody our corporate principles, Alpine will engage in ESG- conscious management in order to achieve sustainable growth. In the aim of becoming an attractive company trusted by our stakeholders, including shareholders, customers, employees and local communities, we promise to work on improving corporate and shareholder value.
July 2016
Achievement of VISION 2020
Midterm Business Forecast
■ Sales ■ Operating profit
2,858
2,945
2,730
2,650
2,520
(hundred millions of yen)
2,620
FY1991
Listed on first section of TSE
¥106.5 billion
1,966
1,685
2,012 2,029
2,223
Establishment of foundation for growth
President Chairman of theBoard
Nobuhiko Komeya ToruUsami
FY1988
Listed on second section of TSE
¥74.8 billion
101
70
111
56
2
98115
23
54 45
1988 06 07 08 09 10 11 12 13 14 15 16 18 20(Year)
Financial Data
(106)
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Annual Report 2016-2017 5
Profile
We work to maximize corporate value through our global sales,
production and development network.
Major Shareholders Contribution
- Shares As of June 2016
Trend in Stock Price
(Yen)
High Low
S S S
D
S
D H S
D
S
M
S S
Name
ALPS ELECTRIC CO., LTD.
STATE STREET BANK CLIENT OMNIBUS OM04
H
JAPAN TRUSTEE SERVICES BANK, LTD.
Number of
shares held (thousands of
shares)
Percentage of shares held
(%)
3,000
2,500
2,000
Top Message
1,500
1,000
500
Overview of Alpine
S
D
D H
S S
M
S
S S S
S
S
M
H S
S
M
S
S
M
H
S
S
D M
28,215 | 40.93 |
2,563 | 3.72 |
2,451 | 3.56 |
2,165 | 3.14 |
1,387 | 2.10 |
1,249 | 1.81 |
1,155 | 1.68 |
1,064 | 1.54 |
950 | 1.38 |
821 | 1.19 |
(TRUST ACCOUNT)
NORTHERN TRUST CO. (AVFC) RE IEDU UCITS
CLIENTS NON LENDING 15PCT TREATY ACCOUNT
THE MASTER TRUST BANK OF JAPAN, LTD.
0
'15/4 5 6 7 8 9 10 11 12 '16/1 2 3
(Year/month)
Share Distribution by Owner
S
H
S
M
ESG Efforts
D
(TRUST ACCOUNT)
S THE BANK OF NEW YORK MELLON
SA/NV 10
THE BANK OF NEW YORK, NON-TREATY
JASDEC ACCOUNT
STATE STREET BANK AND TRUST COMPANY 505001
THE BANK OF NEW YORK, TREATY
JASDEC ACCOUNT EVERGREEN
Note: Percentage of shares held excludes treasury shares.
Foreign investors/ Overseas institutional
investors
36.69%
Individuals
4.97%
Total
68,933,693 shares
(excluding treasury shares)
Financial institutions
Business Report
(including investment trusts, pension trusts and securities companies) 15.99%
Corporations
42.35%
-
Outline As of March, 2016
Name Position and Responsibility/Primary Role
- About the Committee Members As of June 2016
Corporate Name ALPINE ELECTRONICS, INC.
1-1-8 Nishi-Gotanda, Shinagawa-ku,
ALPINE ELECTRONICS MARKETING, INC. ALPINE TECHNOLOGY MANUFACTURING, INC.
Name Position and Responsibility/Primary Role
Toru Usami Chairman of theBoard
Nobuhiko
Hirofumi
Morioka
Director
Audit and Supervisory Committee (Full-Time)
Headquarters
Tokyo 141-8501
Tel: +81-3-3494-1101 (main line)
Domestic
Subsidiaries /
ALPINE MANUFACTURING, INC.
ALPINE PRECISION, INC.
Komeya
President
Hideo Kojima * OutsideDirector
Audit and Supervisory
Certified Public
Accountant
Iwaki
Date of
20-1 Yoshima Industrial Park, Iwaki City, Fukushima 970-1192
Tel: +81-246-36-4111 (main line)
Domestic
Affiliates
ALPINE GIKEN, INC.
ALPINE INFORMATION SYSTEM, INC. ALPINE BUSINESS SERVICE, INC. ALPINE CUSTOMERS SERVICE CO., LTD.
Three others
Hitoshi Kajiwara Managing DirectorAdministration
Naoki Mizuno Managing DirectorSales
Koichi Endo Managing Director Technology and
Development
Satoko
Hasegawa
Naoki
Committee
Outside Director
Audit and Supervisory Committee
Outside Director
Lawyer
Lawyer
May, 1967
Establishment
Overseas Subsidiaries /
ALPINE ELECTRONICS OF AMERICA, INC. ALPINE ELECTRONICS (EUROPE) GmbH
Toshinori Kobayashi
Director United States/Europe
Yanagida
Audit and Supervisory Committee
Common Stock 160,000,000 shares
Overseas
Affiliates
ALPINE ELECTRONICS (CHINA) CO., LTD.
ALPINE OF ASIA PACIFIC INDIA PVT., LTD.
Shuji Taguchi DirectorQuality/Environment
*Asterisks indicate external members of the Audit and Supervisory Committee.
Note: Hideo Kojima, Satoko Hasegawa and Naoki Yanagida are independent directors according to the Company's criteria for determining independence, and their names
Total Issued
Stocks
68,933,693 shares
(850,808 treasury shares not included)
28 others
Yasuhiro Ikeuchi Director ProductDesign
Youji Kawarada DirectorProduction/Materials
have been submitted to the Tokyo Stock Exchange as independent directors.
Paid-in Capital ¥ 25,920 million
Shinji Inoue Director Product DesignAssistant
Number of Employees (Consolidated)
11,908
(total from 35 consolidated companies)
Masataka Kataoka
Director
Financial Data
President & CEO,
Alps Electric
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Annual Report 2016-2017 7
Alpine Electronics Inc. published this content on 01 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 August 2016 09:11:03 UTC.
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