Chuo Malleable Iron Co., Ltd.

Company Profile

■URL

http://www.chuokatan.co.jp/

■Address

1-300 Asadahirako, Nissin, Aichi 470-0128, Japan (Nissin Plant)

Business Overview

-The Company is a manufacturer of automotive cast-iron products and aluminum cast parts.

-The Company's business operations are separated into the following two sectors:

  • Die-casting Business: deals in automotive parts, industrial-vehicle parts, industrial-robot parts
  • Metal Furniture Business: deals in various types of chairs/ furniture for offices and facilities.

Financial Overview

-Business results for the fiscal year that ended in 2022 are provided below:
Consolidated sales: JPY 33,195 million (14.3% year-on-year increase)
Operating profit: JPY 167 million (64.5% year-on-year decrease)
Ordinary profit: JPY 1,081 million (13.3% year-on-year decrease)
Current net profit attributable to the parent company: JPY 784 million (29.5% year-on-year decrease)

Shareholders

Moved from the Nagoya Stock Exchange Second Section and to the Main Market. (As of Mar. 31, 2022)
Name or Company name Investment ratio (%)
Toyota Motor Corporation 5.14
MUFG Bank, Ltd.
4.29
The Dai-ichi Life Insurance Company, Limited 4.28
Toyota Industries Corporation
4.02
CMC Cooperative Association Shareholding Association
3.96
Sumitomo Mitsui Banking Corporation 3.89
Employees stockholding
2.99
SINTOKOGIO, LTD.
2.98
Aioi Nissay Dowa Insurance Co., Ltd 2.95
Custody Bank of Japan, Ltd.  2.85
Total 37.41

Products

Compressor cover
Compressor bracket
Engine bracket
Differential support
Balance shaft
Turbine housing
Alternator bracket
Differential case
Differential carrier
Axle hub
Cab mount bracket
Bearing bracket
Spring bracket
Suspension arm

History

Jun. 1930 Established Takeyama Casting Works for normal pig iron casting.
May 1933 Started Takeyama Casting Malleable to produce malleable iron products.
Jan. 1944 Combined Adachi Machine Works and Sebe Iron Works
Into a machining division and incorporated it into Chuo Malleable Iron Co., Ltd.
May 1946 Started production of tools made mainly from malleable iron.
May 1948 Started business with Toyota Jidousha Kogyo (currently Toyota Motor Company) as a tie-up plant.
Mar. 1959 Built the Nisshin Plant in Nisshin-cho, Aichi. (currently Nisshin City, Aichi)
Sep. 1960 Listed on the second section of the Nagoya Stock Exchange.
Apr. 1968 Established Toki Malleable Iron Co., Ltd. (currently a consolidated subsidiary) as a plant specializing in malleable iron products.
Oct. 1973 Set up the Kumamoto Plant in Otsu-cho, Kikuchi-gun, Kumamoto.
Feb. 1981 Acquired plant site (33,053m2) in Toki City, Gifu.
Mar. 1988 Changed the fiscal closing date from November 30 to March 31.
Oct. 1993 Completed developing land for the planned Toki Plant.
Apr. 2001 Signed a contract with Ishikawa Malleable Iron to establish a joint venture "Suzhou Ishikawa Iron Manufacturing Co., Ltd." in China (currently an affiliated firm) to produce ductile cast products.
May 2001 Acquired ISO14001.
Jan. 2002 Suzhou Ishikawa Iron Manufacturing Co., Ltd. started production.
Mar. 2006 Turned Toki Malleable Iron Co., Ltd. into a wholly owned subsidiary through a stock swap. (The company is currently a consolidated subsidiary.)
Nov. 2012 Constructed a new casting plant at Suzhou Chuo Malleable Iron Co., Ltd., the second one on the premises.
Dec. 2018 Established Gifu Kujiri Plant in Toki City, Gifu Prefecture.
Apr. 2019 Invested in Takeyama Foundry Co., Ltd. and made it a consolidated subsidiary.

Supplemental Information 1