Ashimori Industry Co., Ltd.

Company Profile

■URL

https://www.ashimori.co.jp/english/

■Address

7-11-61 Senrioka, Settsu-shi, Osaka-fu, 566-0001, Japan

Business Overview

-Ashimori delivers products mainly to Mazda, such as seat belts, airbags, tonneau covers, and electric rear sunshades. In addition to its business in the automotive sector, the Company produces and sells synthetic ropes, fire-extinguisher hoses, and industrial-use hoses.

-Sales at the Automotive Safety Business accounted for approximately 73% of overall sales as of fiscal year ended Mar. 31, 2024.

Shareholders

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

(As of Mar. 31, 2024)

Name and Company Name	Investment Ratio (%)
Toyoda Gosei Co., Ltd.	28.36
Ashimori Industry’s Customer Stockholding Association	8.45
The Master Trust Bank of Japan, Ltd. (Trust Account)	4.96
Employees Stockholding	3.03
The Custody Bank of Japan, Ltd. (Trust Account)	2.23
BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE (Standing proxy: MUFG Bank, Ltd.)	1.54
MSIP CLIENT SECURITIES (Standing proxy: Morgan Stanley MUFG Securities Co., Ltd.)	1.51
DFA INTL SMALL CAP VALUE PORTFOLIO (Standing proxy: Citibank, N.A., Tokyo Branch)	1.28
Nippon Life Insurance Co.	1.12
Toray Industries, Inc.	0.99
Total	53.46

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Products

Automotive Safety System Division
-Automotive seat belts; front, rear

Retractors equipped for child restraint system locking capability
Retractor pretensioners
Lap anchor pretensioners
Load limiters; single, double, variable
Motorized roller-type retractors
Tension reducers
Shoulder anchor adjusters
Buckles and tangs
Webbing

-Air bags

Front air bags
Curtain air bags
Side air bags
Center side-airbags

-Tonneau covers for automobile

Type that is connected with the trunk door
Type with front cover
Type that covers the space between the tonneau cover and the rear seat

-Manual door shades

-Electric rear shades

-Separation nets

Type that partitions the front seat and the luggage compartment room
Type that partitions the rear seat and the cargo luggage room

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History

Nov. 1878	Takabei Ashimori started Japan's first production of cotton ropes for use in conduction. Then started production of fabric and braid mainly consisting of spindle tapes and bands.
Dec. 1935	Incorporated Ashimori Seiko-sho., Ltd. (with a capital of 1 million yen)
May, 1943	Reorganized the company and transferred management to Toyo Boseki.
May, 1944	Changed the name of the company to Ashimori Industry Co., Ltd.
Feb. 1949	Purchased back shares from Toyo Boseki and became independent.
Jan. 1950	Listed on the first section of the Osaka Stock Exchange.
Oct. 1960	Plant (Settsu) and built new buildings at new locations.
Dec. 1961	Moved headquarters to Higashi-ku, Osaka and built Osaka plant in Settsu, Osaka.
June, 1962	Started production of automotive seatbelts.
Dec. 1963	Moved and built Tokyo Office. (Chuo-ku, Tokyo)
Mar. 1972	Signed a technical agreement on "AVALINE"with A.S. Fiskenvegn in Norway and started local production.
Sep. 1972	Agreement on seatbelts with Meiho in Taiwan.
Apr. 1985	Opened the Fukui Plant and concentrated the rope business.
Apr. 1985	Signed technical assistance agreement on fire extinguisher hoses with Tianjin Belt No.1 Factory in Tianjin, China.
Apr. 1988	Renamed the Tokyo Office as the Tokyo Branch and moved to Bunkyo-ku, Tokyo.
Nov. 1988	Built new headquarters in Nishi-ku, Osaka.
Apr. 1989	Established Ashimori International Ltd. (former Ashimori Europe Ltd.) in U.K.
Oct. 1990	Set up the Hofu Plant as a plant specializing in automotive safety parts.
July, 1992	Closed the Tokyo Plant for reorganization.
May, 1996	Moved Tokyo Branch to Chuo-ku, Tokyo.
Feb. 1998	Established KPN Ashimori Co., Ltd., a joint venture with KPN Group Co. and Toyo Sangyo Ltd., in Thailand.
Sep. 2000	Established Ashimori America Inc. in Michigan, USA.
Sep. 2000	Ashimori and Delphi Automotive Systems in MI, USA will establish in Sept. 2000 Delphi Automotive Systems Ashimori, a joint venture to produce and sell seatbelts with capital of 950 million yen (Delphi 51%, Ashimori 49%). Targeting sales of US$2 million in FY2001 and US$12 million in FY2003
March 2001	Started development of seatbelts and airbags as an integrated safety system to take advantage of the future demand for advanced safety technology and cost reduction. Targeting system supply by closely working with each department and by technical cooperation with Delphi
July, 2003	Financed the entire amount of the capital that Ashimori (Thailand) Co., Ltd. increased.
May, 2004	Liquidated Ashimori International Ltd.
Apr. 2005	Established Ashimori Technology (Wuxi) Co., Ltd in Wuxi, Jiangsu prov., China.
Oct. 2007	Dissolved a joint venture agreement with Delphi Corp., based in the U.S.A.
Dec. 2007	Liquidated Ashimori America Inc.
July, 2008	Established Ashimori Industry Yamaguchi Co., Ltd.
Oct. 2008	Newly established Hamamatsu Plant dedicated to production of automotive safety systems.
Oct. 2009	Established Ashimori India Private Ltd. in Rajasthan, India.
Oct. 2011	Established Ashimori Korea Co., Ltd. in Wongju, Gangwon-do, Korea.
Feb. 2012	Established Ashimori Industria de Mexico, S.A. de C.V. in Guanajuato, Mexico.
Apr. 2013	Established Wuxi Ashimori International Trading Co., Ltd. in Wixi, Jiangsu Province China.
Nov. 2015	Established Sapporo Sales Office.
May 2016	Turned All Safe Japan Ltd. into a subsidiary.
Oct. 2016	Established Tohoku Sales Office, Chubu Sales Office, and Kyushu Sales Office; and changed the name of the Sapporo Office to the Hokkaido Sales Office.
Jun. 2017	Established European Office in Land Baden-Württemberg, Germany.
Oct. 2019	European office becomes a local subsidiary and Ashimori Europe GmbH was established in Germany.
Apr. 2022	Moved to the Prime Market of the Tokyo Stock Exchange.
Oct. 2023	Moved to the Standard Market of the Tokyo Stock Exchange.