ALPHA Corporation

Company Profile

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■Address

1-6-8, Fukuura, Kanazawa-ku, Yokohama City, Kanagawa Pref., 236-0004 Japan

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.

Business Results Highlights

-The Company’s financial results for the fiscal year that ended in March 2024 are as follows.
Consolidated sales: JPY 74,544 million (18.5% increase year-over-year)
Operating income: JPY 2,438 million (305.7% increase year-over-year)
Ordinary income: JPY 3,088 million (129.1% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 1,802 million (243.9% increase year-over-year).

Shareholders

-Listed on the Standard Market of the Tokyo Stock Exchange.

(As of Mar. 31, 2024)

Name or Company name	Investment Ratio (%)
HI-LEX Corporation	17.84
Nissan Tokyo Sales Holdings Co., Ltd.	3.95
The Master Trust Bank of Japan, Ltd. (Trust Account)	3.31
Sumitomo Mitsui Banking Corporation	2.89
Employees' ownership association	2.35
INTERACTIVE BROKERS LLC (Standing proxy: Interactive Brokers Securities Japan Inc.)	2.26
Custody Bank of Japan, Ltd. (Trust Account)	2.16
Individual shareholder	1.86
Mizuho Bank, Ltd.	1.66
Resona Bank, Ltd.	1.66
Total	39.98

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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

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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. 2022	Moved from the First Section of the Tokyo Stock Exchange to the Standard Market category, which was the result of the Tokyo Stock Exchange’s market recategorization.
Apr. 2023	Established Alpha France SAS (100% stake) in France for European business development activities (strategic planning, sales and marketing, technical support, etc.).