Ogura Clutch Co., Ltd.
Company Profile
Business Overview
-The Company is a major supplier of clutches for car air conditioners.
Business Highlights
-The Company’s financial results for the fiscal year that ended in March 2023 are as follows.
Consolidated sales: JPY 44,201 million (13.6% increase year-over-year)
Operating Income: JPY 498 million
Ordinary lncome: JPY 791 million
Current net lncome attributable to the parent-company’s shareholders: JPY 509 million
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 (%) |
| Daiichi Kyoei Building | 19.23 |
| Customer share holding commission | 11.11 |
| Individual shareholder | 5.52 |
| The Towa Bank, Ltd. | 4.96 |
| The Gunma Bank, Ltd. | 4.93 |
| Mizuho Bank, Ltd. | 3.91 |
| Employee stock holdings | 3.01 |
| Individual shareholder | 2.87 |
| Individual shareholder | 1.74 |
| Individual shareholder | 1.53 |
| Total | 58.85 |
Products
- Clutches for car air conditioners
- Clutches for super chargers
- Solenoid for powertrain
History
| May 1938 | Ogura Hiroshi, founder, established Ogura Manufacturing Co., Ltd in Kamata, Tokyo (currently, Ota ,Tokyo) to manufacture multi-sheet clutches for machine tools. |
| Apr. 1944 | Relocated its plant to Aioi Village, Yamada District, Gunma Prefecture. (currently, Aioi Town, Kiryu City). |
| Oct. 1946 | Started manufacturing power generator lamps for bicycles. |
| May 1948 | Established Ogura Precision Industrial Co. to manufacture precision parts for machine tools. |
| May 1952 | Stopped operations at Ogura Manufacturing and at Ogura Precision Industrial Co. Asaka Kogei Co. continued these operations. |
| Feb. 1954 | Established Asaka Kogei Co. Ltd. |
| Apr. 1957 | Name changed from Asaka Kogei Co. Ltd. to Ogura Manufacturing Co. |
| Dec. 1996 | Established Ogura S.A.S. in France. (currently, a consolidated company). |
| Jan. 1998 | Established Ogura Industrial Corporation in New Jersey, U.S. (currently, a consolidated company). |
| Aug. 1999 | Issued yen-based convertible bards worth 30 billion yen in total. |
| Oct. 1999 | Established Ogura Clutch de Brazil Ltda. in San Paulo, Brazil. (currently, a consolidated company). |
| Jun. 2000 | Established Hyuron parts Precision Parts Corporation in Madison Heights, Michigan, U.S. (currently, a consolidated company). |
| Feb. 2001 | Established manufacturing plants in South Korea and Malaysia. In Korea, established a joint venture company and was awarded a contract from an automobile air conditioner manufacturer. In Malaysia, will independently advance into the market by 2003. |
| Mar. 2001 | Plans to expand sales of super chargers from the current 0.8% to 3%. Awarded a contract for passenger vehicle super chargers from both Carlson Auto Tecnic and Mercedes Benz of Germany. |
| Apr. 2001 | Reviewed and optimized production lines at Kourin plant and Sekibori Plant. |
| Jul. 2001 | Expanded its French subsidiary's local procurement and manufacturing capacity. Plants to increase the local purchase ratio from 25% at the start of fiscal 2000 to 70% in fiscal 2002. |
| Nov. 2001 | Established Ogura Clutch Malaysia Sdn. Bhd. in Shahalam, Selangor Malaysia |
| Feb. 2002 | Formed a capital tie-up with Koyo Techno (currently a consolidated subsidiary). Following this, Maruhiro Seisakusho became a quasi-subsidiary (owned indirectly). |
| May, 2003 | Established Ogura Clutch (Dong Guan) Co., Ltd. in Dongguan, Guangdong province, China. |
| Jun. 2004 | Established Ogura Clutch (Wuxi) Co., Ltd. in Wuxi, Jiangsu province, China. |
| Dec. 2004 | Listed on the Jasdaq Securities Exchange. |
| Sep. 2006 | The Company made an additional investment in Toyo Clutch Co., Ltd., making it its subsidiary. (It is now a consolidated company.) |
| Jan. 2007 | Changed the name of its subsidiary, Koyo Techno, to Ogura Techno. |
| Dec. 2007 | Hyuron Precision Parts Corporation disappeared as a result of a merger which made Ogura Corporation (currently a consolidated subsidiary) a surviving company. |
| Jul. 2008 | Established Ogura Clutch Thailand Co., Ltd. in Amata City, Rayong Province, Thailand. The company is currently a consolidated subsidiary. |
| Apr. 2010 | Listed on the Osaka Securities Exchange JASDAQ (Standard), after the merger of the JASDAC and Osaka Securities Exchange. |
| May 2013 | Established Ogura Clutch (Changxing) Co., Ltd. in Huzhou, Zhejiang province, China. |
| Jun. 2014 | Established Ogura Clutch India Pvt. Ltd. in Haryana, India. |
| Aug. 2015 | Closed Plant No. 2 and transferred production operations to the Akahori Plant |
| Aug. 2016 | Completed the liquidation of Ogura Clutch Malaysia Sdn. Bhd. |
| Mar. 2018 | Completed the liquidation of Ogura Techno. |
| May 2018 | Formed Sansen Company (preparatory company). |
| Jul. 2018 | Succeeded in acquiring all the operations in Sansen Company, which was a spin off, changing the name to Sansen Preparatory Company, a non-consolidated subsidiary. |
| Jul. 2018 | Changed the corporate name of Sansen Philippines located in Calamba, Laguna Province, Philippines to Ogura Clutch Philippines, Inc., a non-consolidated subsidiary. |
| Apr. 2019 | Acquired equity shares in Sunaga (Dongguan) Co., Ltd., turning it into a consolidated subsidiary. |
| Apr. 2022 | Moved to the Standard Market of the Tokyo Stock Exchange, from the JASDAQ Standard Market, due to the TSE's reorganization. |
Supplemental Information 1
>>>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 Business report
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)