Ikuyo Co., Ltd.

Company Profile

■URL

https://www.ikuyo194.co.jp

■Address

3019 Kamiechi, Atsugi-shi, Kanagawa-ken, 243-0801, Japan

Business Overview

-As a manufacturer of synthetic resin products for interior and exterior automotive components, the Company makes weather-stripping, trim covers, radiator grilles, etc.

-The Company also manufactures and sells dies.

-The Company's major customers are Mitsubishi Motors Corporation, Mitsubishi Fuso Truck and Bus Corporation, and Hino Motors, Ltd.

Business Highlights:

-For the fiscal year ending March 31, 2024, the company forecasts net sales of 17,351 million yen (up 18.8%), operating income of 712 million yen (up 2.4%), ordinary income of 708 million yen (up 0.2%), and net income attributable to the parent company of 488 million yen (down 1.1%).

Shareholders

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

(As of Mar. 31, 2024)

Name or Company Name	Investment ratio (%)
Nitto Co., Ltd.	32.93
Individual shareholder	14.08
Asia Development Capital Co. Ltd.	4.44
Individual shareholder	4.37
MIP	3.81
Yaizu Body Industry Co., Ltd.	3.74
Anselm Wong Siew Shen	3.11
SCBHK AC EVERBRIGHT SECURITIES INVESTMENT SERVICES (HK) LIMITED－CLIENT AC (MUFG Bank, Ltd.)	2.92
Cleanup Corporation	2.13
Kibun Foods ,Inc.	2.01
Total	73.55

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Products

-Overhead console
-Cowl tops garnish
-Quarter garnish
-Quarter pillar garnishes
-Grille garnish
-Corner panel
-Side air dam
-Scuff plates
-Step wall
-Speaker cover
-Fender splash shield
-Center pillar trims
-Lower tail gate trim
-Garnishes
-Door garnish
-Door trim
-Door pillar garnishes
-Back panel trim
-Battery covers
-Bumper corner
-Fender garnish
-Fog lamp bezel
-Floor console
-Front air dam
-Front grille
-Front console
-Front door trim board
-Front panel
-Front bumper
-Front pillar trims
-Mudguard trims
-Radiator grille garnish
-Radar garnish
-Lower grille

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History

May, 1947	Founded under the name of Ikuyo Shokai Co., as a manufacturer and seller of rubber products for automobile windows.
Sep. 1951	Arakawa Factory founded, commenced manufacture of automobile window rubber products for Ikuyo.
Jan. 1955	Changed its corporate name to Ikuyo Chemical Industries
Dec. 1959	Manufacture of formed resin products commenced.
Jan. 1962	The headquarters was moved to Tokyo.
Dec. 1964	Manufacturing operations moved to Atsugi, Kanagawa Pref., name changed to Atusgi Factory.
Feb. 1969	Established the Mizushima factory (now called the Okayama factory) in Okayama Prefecture
Jun. 1969	Acquired Fuji Kinzoku Toko Co., Ltd. and changed its name to Ikuyo Toko, Co., Ltd.
Sep. 1972	Moved corporate headquarters to Kanagawa
Apr. 1974	Name changed to Ikuyo Co., Ltd.
Oct. 1977	Nagoya Representative Office closed and Okazaki Factory founded.
Dec. 1979	Ikuyo Works Co., Ltd, founded.
Sep. 1981	Ikuyo Trading Co., Ltd. founded.
Apr. 1984	Aikei Mold Co., Ltd. founded.
Jul. 1987	Mizushima Factory moved, name changed to Okayama Factory.
Jul. 1987	Head office moved to present location in Shibuya Ward, Tokyo.
Jun. 1988	Founded Kyoto office.
Jul. 1989	Hiroshima Office founded.
Aug. 1989	Nagoya Factory moved.
May, 1993	Yamaguchi Hikari Factory founded.
Aug. 1995	Company's stock listed on OTC of the Japan Securities Dealers' Association.
Aug. 1996	Founded Ikuyo America Corporation.
Aug. 1996	Founded Usi, Inc.
Mar. 1997	Listed on the second section of the Tokyo Stock Exchange
Jul. 1997	Founded the Second Nagoya factory in Aichi Prefecture
Sep. 1998	Ceased operation of the Kyoto office
Sep. 1999	Founded the Vivante factory inside the Atsugi factory.
Jan. 2000	Ikuyo America Corporation merged with Usi, Inc. Now doing business as USA Incorporated.
Apr. 2001	Ikuyo Works Co. and Ikuyo Toko Co. were acquired by Ikuyo Co.
Mar. 2002	Ikuyo Wood Plant closed.
Aug. 2007	The headquarters was moved to Kanagawa.
Oct. 2008	Established Ikuyo Technology Development Laboratory Co., Ltd.
Oct. 2009	Absorbed Ikuyo Technology Development Laboratory Co., Ltd.
Mar. 2011	Sold off all the shares it held in USI Inc. Sold Yamaguchi Hikari Plant.
Mar. 2011	Nitto Co., Ltd., the Japan unit of China-based Dalian Nitto Plastic Molding Co., Ltd., acquired 30% of the Company’s share.
Apr. 2012	Merged the operations of IK Mold Co. Ltd. into its own operations.
Apr. 2013	Established PT. Ikuyo Indonesia in Indonesia.
Jul. 2021	Established Ikuyo Vietnam Co., Ltd., a subsidiary in Vietnam.
Apr. 2022	Moved from the Second Section of the Tokyo Stock Exchange to the Standard Market due to the TSE's reorganization.