-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 2020 are as follows.
Consolidated sales: JPY 60,195 million (0.2% decrease year-over-year)
Operating income: JPY 1,811 million (43.6% decrease year-over-year)
Ordinary income: JPY 1,700 million (48.3% decrease year-over-year)
Current net loss attributable to the parent-company’s shareholders: JPY 1,210 million.
Sales generated by the automotive-parts business account for 83.4% of total consolidated sales.
|-Listed on the first section of Tokyo Stock Exchange.||(As of Mar. 31, 2020)|
|Name or Company name||Investment Ratio (%)|
|Nissan Tokyo Sales Holdings Co., Ltd.||3.96|
|The Master Trust Bank of Japan, Ltd.||3.14|
|Sumitomo Mitsui Banking Corporation||2.90|
|Employees' ownership association||2.89|
|GOLDMAN SACHS INTERNATIONAL||2.82|
|Mizuho Bank, Ltd.||1.67|
|Resona Bank, Ltd.||1.67|
|Japan Trustee Services Bank, Ltd.||1.60|
|MUFG Bank, Ltd.||1.57|
-Remote controlled keel keys
Lock related parts
-Steering locks (Intelligent key type)
-Steering locks (L-shaped type)
-Electric steering locks
-Handles with built-in antennas
-Color and chrome plating handles
-Inside handles (illuminated; plated and painted)
-Back door sensors
|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.|
|Nov. 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.|
|Apr. 2019||Turned Alpha Advanced Automotive Parts Co., Ltd., located in China, into a subsidiary.|
Supplemental Information 1
Joint Venture Agreement
|(As of Mar. 31, 2020)|
|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
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