ALPHA Corporation
Company Profile
■URL
https://www.kk-alpha.com/english/
■Address
Business Overview
-A lock manufacturer that provides a comprehensive range of key and keyless products to many industry areas such as automobile, housing, industrial instruments, etc.
-The Company's automotive parts division designs, develops and manufactures automobile key sets, door handles and other products.
- The main products of the key set are electronic and intelligent keys, without teeth, that are supported by keyless technology.
- The main handle products are grip door handles that utilize hollow and solid-core technologies. The Company also developed technologies including color plating and high corrosion resistant chrome plating handles.
Business Results Highlights
-The Company’s financial results for the fiscal year that ended in March 2023 are as follows.
Consolidated sales: JPY 62,882 million (17.0% increase year-over-year)
Operating income: JPY 601 million (2.4% increase year-over-year)
Ordinary income: JPY 1,348 million (30.1% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 524 million (12.7% decrease year-over-year).
Shareholders
| -In April 2022, moved to the Standard Market of the Tokyo Stock Exchange. | (As of Mar. 31, 2023) |
| Name or Company name | Investment Ratio (%) |
| HI-LEX Corporation | 17.84 |
| The Master Trust Bank of Japan, Ltd. (Trust Account) | 4.78 |
| Nissan Tokyo Sales Holdings Co., Ltd. | 3.95 |
| Sumitomo Mitsui Banking Corporation | 2.89 |
| GOLDMAN SACHS INTERNATIONAL | 2.59 |
| Employees' ownership association | 2.49 |
| Custody Bank of Japan, Ltd. (Trust Account) | 2.47 |
| Individual shareholder | 1.79 |
| Mizuho Bank, Ltd. | 1.66 |
| Resona Bank, Ltd. | 1.66 |
| Total | 42.18 |
Products
Keys
-Intelligent keys
-Remote controlled keel keys
-Mechanical keys
Lock related parts
-Steering locks (Intelligent key type)
-Steering locks (Y-shaped type)
-Electric steering locks
-Various cylinders
Door Handles
-Intuitive power slide door handle
-Handles with built-in antennas
-Color and chrome plating handles
-Inside handles (illuminated; plated and painted)
Others
-Back door sensors
-Molding bumpers
History
| 1923 | Established as a manufacturer of metal parts for key cylinders. |
| 1933 | Started production of key sets for Nissan and Toyota Motor. |
| 1943 | Constructed Nagoya plant in Aichi Prefecture. |
| 1944 | Constructed Yamanashi Plant in Yamanashi Prefecture. |
| 1963 | Constructed Gunma Plant in Gunma Prefecture. |
| 1964 | Formed technical tie-up with Flexible, USA |
| 1982 | Constructed Yokohama Plant specialized in manufacturing automobile key sets in Yokohama. |
| 1987 | Established Alpha Technology Corporation (Altec), in Michigan, USA as a overseas production facility. |
| 1990 | Company name was changed to Alpha Corporation. Headquarters were moved from Kamata, Ota-ward, Tokyo to Kawasaki, Kanagawa Prefecture. |
| 1992 | Formed technical tie-up with Valeo, France. |
| 1994 | Introduced new automated production line for keys in Yokohama Plant. |
| 1995 | Divided its Kyushu plant and established "Kyushu Alpha". Started production of new automobile key cylinders. |
| 1996 | Formed technical tie-up with Woojin Industrial System Co., Ltd. concerning production of Key sets and outside handles. Expanded the plant of Altec. Started production of immobilizers. |
| 1997 | Transferred production at Yokohama plant to Gunma plant. Started production of automobile roof rails. |
| 1998 | Established Alpha Industry (Thailand) Co., Ltd. in Thailand. Acquired QS9000 at Alpha Technology Corporation in USA. |
| 1999 | Started production of electric keys. Acquired ISO9001 (Automobile parts Div) |
| 2000 | Acquired ISO14001 at Yamanashi plant. |
| Oct. 2001 | Established Alpha Korea Co., Ltd., a wholly-owned manufacturing subsidiary in Korea. |
| April 2002 | Established Alpha Hi-lex S.A. de C.V., a manufacturing subsidiary in Mexico (51% of the equity is owned by the Company) |
| Dec. 2003 | Liquidated Alpha Korea Co., Ltd. |
| Dec. 2003 | Established Alpha (Taishan) Lock Industry Co., Ltd., a wholly-owned manufacturing subsidiary in China. |
| April 2004 | Listed on the second section of the Tokyo Stock Exchange |
| Oct. 2004 | Established Alpha (Guangzhou) Automotive Parts Co., Ltd. in China through a joint investment with Marubeni Vehicle Corporation. The Company invested 90%. This joint venture is a manufacturing facility and consolidated subsidiary. |
| March 2005 | Transferred to the first section of the Tokyo Stock Exchange. |
| June 2005 | Liquidated its wholly owned Chinese manufacturing subsidiary Alpha (Taishan) Lock Industry Co., Ltd. |
| Oct. 2006 | Supplied its new electric steering model to the Nissan Skyline. |
| April 2007 | Established a new plant at Alfa HI-Lex in El Marques, Queretaro, Mexico. |
| Jan. 2008 | Supplied its electric steering lock to the Mazda Atenza. |
| Nov. 2008 | Opened its Shanghai Office in Shanghai, China. |
| May 2009 | Supplied its new steering lock model to the Subaru Legacy. |
| Oct. 2010 | Constructed Plant 2 at Alpha Industry (Thailand) Co., Ltd. |
| Nov. 2010 | Constructed a key-set plant at Alpha Hi-Lex S.A.de C.V. in Mexico. |
| Mar. 2011 | Established Alpha Security Instruments (India) Private Limited, a subsidiary in India, investing 90% of the needed capital. |
| Nov. 2011 | Established a production company in Mexico, investing 99.9% of the needed capital. The new company, Alpha Industry Jalisco, S.A.DE C.V., is currently a consolidated subsidiary. |
| Jul. 2012 | Established a production company in Indonesia, investing 93% of the needed capital. |
| Nov. 2012 | Established Alpha (Xiangyang) Automotive Parts Co., Ltd., the production subsidiary of Alpha (Guangzhou) Automotive Parts Co., Ltd. |
| Oct. 2015 | Merger Gumma ALPHA Co., Ltd. |
| Sep. 2016 | Acquired equities of ASSA ABLOY's Car Access Security Business. |
| Oct. 2018 | Acquired the stock shares in the following companies engaged in the manufacture and sale of automotive interior and exterior trim and embellishment parts in France and Slovakia; turning ALT SAS: (owned 75%, in 2019 100%), Société de Peinture de Pièces Plastiques SAS (Indirect investment ratio: 75%, 2019 100%), and SPPP Slovakia s.r.o (Indirect investment ratio 75%; 2019 100%) into consolidated subsidiaries. |
| Jul. 2019 | Turned Alpha Advanced Automotive Parts Co., Ltd., located in China, into a subsidiary. |
| Apr. 2023 | Established Alpha France SAS (100% stake) in France for European business development activities (strategic planning, sales and marketing, technical support, etc.). |
Supplemental Information 1
Joint Venture Agreement |
(As of Mar. 31, 2023) |
| Contract company name | Partner | Licensing Details | Length of Term |
| Alpha Corp. | Marubeni Automotive Corporation (Japan) | Joint-venture agreement to establish Alpha (Guangzhou) Automotive Parts Co., Ltd. | From April 2004 For 50 years after sales authorization obtained |
>>>Business report FY ended Mar. 31, 2008
>>>Business report FY ended Mar. 31, 2009
>>>Business report FY ended Mar. 31, 2010
>>>Business report FY ended Mar. 31, 2011
>>>Business report FY ended Mar. 31, 2012
>>>Business report FY ended Mar. 31, 2013
>>>Business report FY ended Mar. 31, 2014
>>>Business report FY ended Mar. 31, 2015