Chuo Spring Co., Ltd.

Company Profile

■URL

https://www.chkk.co.jp/english.html

■Address

68 Kamishiota, Naruumi-cho, Midori-ku, Nagoya-shi, Aichi 458-8505, Japan

Business Overview

-The Company is a major automotive spring manufacturer operating within the Toyota Group. It engages in the manufacture and sale of springs, control cables, and automotive products.

-The sales breakdown by products is as follows.

Chassis springs: 41.2%
Precision springs: 26.8%
Cables: 16.0%

Business Result Highlights

-The Company’s financial results for the fiscal year that ended in March 2024 are as follows.
Consolidated sales: JPY 100,975 million (8.8% increase year-over-year)
Operating income: JPY 1,073 million (202.9% increase year-over-year)
Ordinary income: JPY 3,093 million
Current net profit attributable to the parent-company’s shareholders: JPY 1,990 million

Shareholders

-Listed on the Standard Market of the Tokyo Stock Exchange, and the Premium Market of the Nagoya Stock Exchange.

(As of Mar. 31, 2024)

Name or Company name	Investment ratio (%)
Toyota Motor Corporation	24.39
Aichi Steel Corporation	7.58
The Master Trust Bank of Japan, Ltd. (Trust Account)	6.96
Customer share holding commission	5.65
Employees stockholding	4.48
Matsui Securities	3.87
Custody Bank of Japan, Ltd. (Trust Account)	2.68
MUFG Bank, Ltd.	2.44
Sumitomo Mitsui Banking Corp.	2.41
Tokio Marine and Nichido Fire Insurance Co., Ltd.	1.79
Total	62.31

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Products

Suspension springs
-Coil springs
-Stabilizers
-Leaf springs
-Torsion bars

Precision springs
-Valve springs
-Ark springs
-Tension springs
-Torsion springs for variable mufflers
-Flat springs
-Spring clamps
-Spiral springs
-Disc springs for HV unit
-Springs for CVT unit

Control cables
-Parking brake cables
-Transmission cables
-Bonnet cables
-Fuel-lid cables
-Luggage cables
-Power slide cables
-Door lock cables
-Lock release cables
-Emergency brake release cables

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History

Mar. 1925	Started manufacturing steel springs in Tsukimi Town, Naka District, Nagoya, as Chuo Spring Manufacturing.
Jan. 1931	Relocated Nagoya Plant to Ganmichi Town, Minami District, Nagoya, and founded Chuo Spring Seisakusho Co., Ltd.
Oct. 1931	Started manufacturing valve springs for aircraft engines and machine guns and large springs for automobiles.
Apr. 1936	Name changed to Chuo Spring Co., Ltd.
Dec. 1948	In line with the adjustment plan based on the Industrial Readjustment Act, established a second company, New Chuo Spring Co., Ltd., Headquartered in Narumi and dissolved the original company.
Mar. 1954	Name changed to "Chuo Spring Co., Ltd."
Oct. 1961	Listed on the Second Section of the Nagoya Stock Exchange.
Apr. 1964	Opened Hekinan plant.
Oct. 1968	Opened Miyoshi plant.
Jun. 1977	Invested in Togo Cable Co., Ltd . and merged it into the group as a subsidiary in June 1982.
Apr. 1982	Operated Miyoshi West plant.
Jan. 1985	Listed on the Second Section of the Tokyo Stock Exchange.
Feb. 1985	Invested in CEPLUS Co., Ltd. and merged it into the group as a subsidiary.
Sep. 1985	Established Technical Center in Miyoshi Town, Nishiamo District, Aichi Prefecture.
Mar. 1986	Invested in Chuhatsu Seiko Co., Ltd. and merged it into the group.
Sep. 1986	Listed on the First Section of the Tokyo Stock Exchange and Nagoya Stock Exchange.
Aug. 1987	Established Taiwan Chuhatsu Factory, Co., Ltd. in Taiwan, ROC (became a subsidiary in Aug, 1990).
Apr. 1988	Established CENTRAL SPRING, Inc. in U.S.A. as a subsidiary company.
Aug. 1988	Opened Fujoka plant.
Sep. 1989	Established a joint venture, Ack Controls Inc. in U.S.A. (a subsidiary since Jan, 1992).
Apr. 1990	Invested in P.T. Tri. Satria Utama in Indonesia.
Jun. 1996	Established Chu-O Thai Cable CO., LTD. (became a subsidiary in September 1997).
Jun. 1996	Established a subsidiary Gifu Chuhatsu Co.
Jun. 1997	ISO9001 certified for designing and developing automobile engine valve springs and knit mesh products. (Completed compliance in all divisions and plants by March 1998.)
Mar. 1999	Established a subsidiary, TC Springs Pvt. Ltd. in India.
Mar. 1999	Fujioka plant ISO14001 certified.
Aug. 1999	Established a joint venture, Mubea Chuo SA in Germany.
Mar. 2000	QS9000 certified for chassis springs, precision springs and cables.
Mar. 2000	Opened Fujioka experiment laboratory.
Mar. 2000	Established a subsidiary, Chuo Precision Spring Glasgow, INC. as the precision spring manufacturing division of Ack Controls, INC.
Mar. 2000	Equity participation in EFC Chain Co., which became an affiliate.
Sep. 2002	Established a subsidiary, Kun Shan Zhong Fa Liu He Machinery Co., Ltd. in China.
Sep. 2003	Established a subsidiary, Tianjin Chuhatsu Huaguan Machinery Co., Ltd., in China.
Oct. 2003	Established an affiliated company, Tianjin Chuhatsu Fawer Spring Co., Ltd., in China.
Mar. 2004	Established a subsidiary, Kunshan Chuho Spring Co., Ltd., in China.
Jun. 2005	Established Tianjin Zhongxing Automotive Components Co., Ltd., in China.
Apr. 2006	Invested in Fujioka-Chuhatsu Co. Ltd., making the company an affiliate.
Apr. 2007	Established Nagasaki-Chuhatsu Co., Ltd., a subsidiary in Nagasaki, Japan.
Apr. 2007	Established Chuhatsu Techno Co., Ltd., a subsidiary.
Feb. 2012	Established a subsidiary, P.T. Chuhatsu Techno Indonesia in Indonesia.
Nov. 2013	Established a subsidiary, Xiaogan Zhongxing Automotive Components Co., Ltd. in China. （In April 2016, this subsidiary was converted into a joint-venture company and its corporate name was changed to Xiaogan Chuhatsu Lioho Automotive Components Co., Ltd.）
Dec. 2014	Liquidated a U.S.-based consolidated subsidiary, Central Spring, Inc.
Feb. 2017	Chuo Precision Spring Glasgow, Inc. took over CK Controls Inc., changing the company name to Chuhatsu North America, Inc.
Apr. 2022	From April 2022, moved to the Prime Market of the Tokyo Stock Exchange, and to the Premium Market of the Nagoya Stock Exchange.
2023年10月	Moved from the Prime Market to the Standard Market of the Tokyo Stock Exchange.