Asahi Tec Corporation
Company Profile
■URL
■Address
1569-1 Kamisaigo, Kakegawa-shi, Shizuoka-ken 436-0342, Japan
Business Overview
-The Light Alloy Products Division is in charge of engine intake parts for passenger cars, truck drivetrain parts, and aluminum wheels for passenger cars and motorcycles.
-In January 2017, ATA Casting Technology Japan Co., Ltd. was transferred to Daido Metal Co., Ltd.
-In April 2018, all the shares held by Asahi Tec Aluminum Co., Ltd. and Hoei Corporation were transferred to Ryobi.
-In May 2018, the company became a 100% subsidiary of Topy Industries Limited.
Shareholders
-Unlisted company
Products
Aluminum Wheels
History
| Aug. 1938 | Asahi Imono Kojo reorganized to form Asahi Katan K.K. |
| Jan. 1950 | Became a Nippon Gaishi Co., Ltd. subsidiary. |
| Jun. 1958 | Start producing aluminum alloy casting. |
| Feb. 1961 | Listed on the Second Section of the Nagoya Stock Exchange. Constructed the Toyokawa Plant to increase forgeable cast iron production. |
| Nov. 1961 | Invested in Asahi Tanzo Co., Ltd. |
| Nov. 1964 | Constructed the Kikukawa-South Plant to increase aluminum alloy casting production. |
| Jun. 1976 | Established Asahi Keigoukin Co., Ltd., a 100% owned subsidiary specializing in aluminum wheel production. |
| May 1978 | Capital participation in Hoei Kogyo K.K. |
| Dec. 1980 | Listed on the Second Section of the Tokyo Stock Exchange. |
| Sep. 1987 | Became a Nippon Gaishi affiliate (formerly a subsidiary). |
| Mar. 1989 | Established Asahi Somboon Aluminum Co., Ltd. |
| Nov. 1989 | Renamed as Asahi Tec Corporation. |
| Nov. 1990 | Listed on the First Section of the Tokyo and Nagoya Stock Exchanges. |
| Sep. 1991 | Took over the operations of its subsidiary, Asahi Keigoukin Co. |
| Sep. 1995 | Constructed the Yokoji Plant to increase aluminum alloy casting production capacity. |
| Aug. 1998 |
The Company changed its accounting period: June 1 through May 31 to April 1 through March 31. |
| Apr. 1999 | April 1999 become a subsidiary of NGK Insulators, Ltd. as a result of a newly applied accounting principal regarding consolidation. |
| Aug. 1999 | Sold operations of a subsidiary, Asahi Tanzo Co. to Matec Co. |
| May 2000 | Constructed a Technical Center in the Yokoji Plant. |
| May 2003 | Ripplewood Holdings LLC, a US based investment-banking firm, bought into the Company. |
| Oct. 2003 | Established a joint venture, Dicastal Asahi Aluminum Co., Ltd. |
| Jan. 2005 | Consolidated subsidiaries changed their names: Asahi Somboon Aluminum Co., Ltd. was changed to Asahi Tec Aluminum (Thailand) Co., Ltd., and Asahi Somboon Metals Co., Ltd. was changed to Asahi TEC Metals (Thailand) Co., Ltd. |
| Mar. 2005 | RHJ International S.A. became the parent company by acquiring the Company's stock |
| Feb. 2006 | Acquired a major stake in Techno-Metal Co., Ltd. to make it a subsidiary of the company. |
| Jan. 2007 | The Company invested in Metaldyne Corporation to make it a subsidiary of the company. |
| Mar. 2007 | Following the issuance overseas of new shares of common stock of Asahi Tec, voting rights held by its parent body, RHJ International SA/NV, was thus reduced in relation to the shares issued. Upon the closing, RHJ International was categorized as a minor shareholder, or now as one of the other affiliate companies. |
| The Company established Wheelhorse Asahi Aluminum Co., Ltd., a joint venture company. | |
| Jul. 2008 | The Company issued its stock by means of third party allocation. As a result, RHJ International S.A., which used to be a disinterested company, became the parent company of the Company. |
| May 2009 |
The Company removed Metaldyne from its consolidated financial statements, following Metaldyne Corporation and its 30 subsidiaries filing for Chapter 11 bankruptcy protection. |
| Apr. 2010 | The Company spun off its Electric Power Equipment Division, turning it into Asahi Tech TDM Co., Ltd. |
| Feb. 2012 | ACT Holdings II, which is under the umbrella of the Unison Capital Group, acquired all of the shares in the Company, making it its new subsidiary. |
| Jul. 2012 | The Company's stock was delisted from the stock market. |
| Jun. 2015 | The Company completed the transfer of its consolidated subsidiary, Asahi Tec Metals Co., Ltd., Techno-Metal Co., Ltd., and Asahi Tec Metals (Thailand) Co., Ltd., to Amtek Auto Limited of India. |
| Oct. 2015 | Corporate split of Japan Domestic Aluminum Casting Business to Asahi Tec Aluminum Co.,Ltd. |
| May 2016 | Corporate split of Technology department of Aluminum Company to ATA Casting Technology Japan Co.,Ltd. |
| Jul. 2016 | Corporate split of Aluminum business of Asahi Tec Aluminum(Thailand) Co.,Ltd. to ATA Casting Technology Co., Ltd. |
| Jan. 2017 | Transferred ATA Casting Technology Japan to Daido Metal Co., Ltd. |
| Apr. 2018 | All shares owned by Asahi Tec Aluminum Co., Ltd. and Hoei Corporation were transferred to Ryobi Corporation. |
| May. 2018 | Became a wholly-owned subsidiary of Topy Industries Limited. |
| Mar. 2021 | Relocated head office to Kakegawa. |