Kasai Kogyo Co., Ltd.

Company Profile

■URL

http://www.kasai.co.jp/en/

■Address

3316 Miyayama, Samukawa-machi, Koza-gun, Kanagawa Pref. 253-0106, Japan

Business Overview

-A manufacturer producing a wide range of interior components for automobiles. Conducts planning, development, and production of door trims, roof trims, and other interior trim systems.

-The Company sells mainly to the Honda and Nissan groups. In the fiscal year that ended in March 2022, the Nissan Group accounted for 48.5% of sales, the largest share. 

-In Europe, in line with Honda UK’s ceasing automobile production, the Merthyr Tydfil Plant in the UK was closed in February 2020. In May 2021, the Company announced that it will withdraw from Slovakia and close the Madison Plant in the USA. In Addition, it is considering closing plants in Japan and transferring the business of the German plant.

Shareholders

-From April 2022, moved from the First Section of the Tokyo Stock Exchange to the Prime Market. (As of Mar. 31, 2022)
Name or Company Name Investment Ratio (%)
Nagase & Co., Ltd. 13.9
The Master Trust Bank of Japan 9.4
Resona Bank, Ltd. 4.7
Tachi-S Co., Ltd 4.3
Custody Bank of Japan, Ltd. 4.1
Kasai Kogyo Client Shareholding Association 3.7
The Bank of Yokohama, Ltd. 3.2
Mizuho Bank, Ltd. 2.3
Yorozu Corporation 2.3
Sompo Japan Insurance Inc. 2.2
Total 50.53

Products

Cabin trims
-Door trims
-Headlinings
-Sunvisors
-Rear parcel shelves
-Map lamps
-Body side trims

Luggage trims
-Luggage side trims
-Tono cover / Tono boards
-Trunk trims
-Floor boards
-Luggage floor underboxes

Noise insulation parts
-Dash insulators
-Hood insulators

Other body parts
-Engine undercovers
-Fender covers

History

Jan. 1912 Established a fabric plant in Hachioji City
Jan. 1933 Established Kasai & Co.
Oct. 1946 Reorganized Kasai & Co. as Kasai Kogyo Co., Ltd.
Aug. 1949 Established Ryogoku Plant and started production of wooden door products.
Aug. 1956 Established Shinagawa Plant in Shinagawa-ku, Tokyo and moved Ryogoku Plant to Shinagawa.
Dec. 1961 Established Oihama Plant in Yokosuka-city, Kanagawa.
July 1964 Listed on the Second Section of the Tokyo Stock Exchange.
Apr. 1997 Established Kasai Engineering
May 1997 Established Kasai Mexicana in Leon, Mexico (currently a consolidated subsidiary).
Nov. 1998 Invested in YSM Co., Ltd.
Feb. 1999 Invested in Koto Plastic Kogyo Co., Ltd. (currently KPK Co., Ltd)
Sep. 1999 Shut down the Ashikaga Plant.
Nov. 1999 Established a second plant associated with M-Tex, Inc. in Ohio, USA
Oct. 2000 Established Kasai Support System Co., Ltd. based on a merger between Kasai Logistics, Kasai Service and Kasai Engineering.
Mar. 2001 Kasai Support System Co. Ltd. acquired by APM Co. Ltd.
Mar. 2001 Closed Kasai Hong Kong.
June 2001 Invested 5.2 billion yen to double the production capacity of interior parts of the Ohio plant (USA)  from 0.6 in 2001 to 1.2 million units in 2002. Added production was for Honda, Ford and AAAI (Honda/Ford joint venture), Isuzu (SIA). All new transactions except for Honda.
June 2001 Outsourced a portion of design work to meet the increased development of new models. Succeeded in sales promotions to Nissan, Honda, Ford and Isuzu.  Will increase the number of out-sourced engineers to almost 100 in order to overcome cost reduction requests from automakers who will be extremely busy developing parts to be installed in new vehicles, from 2002 onwards.
Nov. 2001 Established M-TEK Mississippi, Inc. in North America
Jun. 2004 Capital investment in Guangzhou Kasai Automotive Interior Trim Parts Co., Ltd. of China. Previous Guangzhou Yuhsin Automotive Trim Co., Ltd.)
Dec. 2004 Established Dongwon Kasai Technology Co., Ltd. in Seoul, Korea (currently a consolidated subsidiary).
Apr. 2005 Established Kasai-TEC Co., Ltd. (currently a consolidated subsidiary).
Jun. 2005 Established Iwatekasai Co., Ltd. in Iwate, Japan (currently a consolidated subsidiary).
Jul. 2005 Established Neotec Co., Ltd. in Fujisama-city, Kanagawa, Japna.
Dec. 2005 Opened the 3rd plant of M-TEK Inc. in Alabama, U.S.A.
Mar. 2006 Established Kasai Seagull Tech India Private Ltd. in Chennai, India.
Mar. 2007 The Company's stock was listed on the first section of the Tokyo Stock Exchange. 
Mar. 2007 Established Kasai Teck See Co.,Ltd. in Ayutthaya, Thailand. 
May. 2007 Established Kasai Techno Co., Ltd. in Samukawa Machi, Koza-Gun, Kanagawa Prefecture.
Jul. 2007 Constructed the Shiga Plant of Mie Kasai Co., Ltd. in Higashi-Omi city, Shiga prefecture.
Mar. 2008 Established SK Co., Ltd. in Ota City, Gunma prefecture, in collaboration with Sanwa Kogyo Co., Ltd.
Apr. 2008 Established Guangzhou S.K. Automotive Interior Co., Ltd. in Guangzhou, China, in collaboration with Sanwa Kogyo Co., Ltd.
Apr. 2009 KPK Co., Ltd and Mikuni Seisakusho Co., Ltd. are consolidated into one company and changed its name to Gunma Kasai Co., Ltd.
Jan. 2010 Divested its Kyusyu Division, establishing Kyushu Kasai Co., Ltd. (currently a consolidated subsidiary).
2012 Formed a commercial alliance with Grupo Antolin, a Spain-based supplier.
Mar. 2012 Established a joint venture company, Antolin Kasai TEL Chennai Private Ltd. with Grupo Antolin in Tamil Nadu, India.
Apr. 2012 Established Kaifeng Kasai Automotive Trim Parts Co., Ltd. in Hunan Province, in China, as a joint venture with local interior parts manufacturer.
Jul. 2012 Established Kasai Teck See (Malaysia) Sdn. Bhd. as a joint venture in Selangor, Malaysia.
Nov. 2013 Established Dongfeng Kasai (Xiangyang) Automotive Trim Systems Co., Ltd. with Dongfeng Visteon Automotive Trim Systems in Hubei, China.
Jan. 2014 Announced that the Company dissolved a commercial alliance with Grupo Antolin.
Jan. 2014 Sold part of its shares in Iwate Kasai Co., Ltd., formerly a consolidated subsidiary, to Kojima Industries Corporation. Iwate Kasai thereafter changed its corporate name to Tohoku KAT Co., Ltd.
Mar. 2014 Acquired a stake in Shinil-Mexicana S.A. de C.V. of Mexico.
Sep. 2014 The Company and Dongfeng Kasai (Dalian) Automotive Trim Systems Co., Ltd. jointly established Dongfeng Kasai (Dalian) Automotive Trim Systems Co., Ltd. in Liaoning Province, China.
Oct. 2014 Acquired all shares in Antolin Kasai TEK Chennai Private Ltd. and changed the Indian subsidiary’s name to Kasai India (Chennai) Private Ltd.
Jan. 2015 Sold all the shares it held in Wuhu Kasai Automotive Interior Trim Parts Co., Ltd.
Jun. 2015 Established Kasai Sales & Engineering France SAS in France.
Jul. 2016 Dongfeng Visteon Automotive Trim Systems Co., Ltd. located in Hubei, China and its joint venture Dongfeng Kasai (Dalian) Automotive Trim Systems Co., Ltd. established Dongfeng Kasai (Wuhan) Roof Trim Systems Co., Ltd., investing 100% of the capital (currently a consolidated subsidiary).
Aug. 2016 Relocated the headquarters function of Kasai North America, Inc. to Murfreesboro, Tennessee, U.S.  
Jun. 2017 Completed a new building for technical research at its head office in Samukawa-cho, Kanagawa. 。
Sep. 2017 Established Kasai Slovakia s.r.o. in Levice, Nitra, Slovakia. (currently consolidated subisidiary)
Apr. 2019 Established Kasai (Germany) GmbH in Wolfsburg, Lower Saxony, Germany (currently a consolidated subsidiary).
Apr. 2019 Established Kasai Kogyo Morocco Sarl Au in Tanger, Free Zone, Morocco (currently a consolidated subsidiary).
Jul. 2019 Completed the Kanda Plant of Kyushu Kasai in Kanda, Miyako-gun, Fukuoka Prefecture
Dec. 2019 Established Guangdong Kawasawa Automotive Trim Parts Co., Ltd., joint venture in Guangdong Province, China.
Mar. 2020 Sold all stock shares held in Shinil-Mexicana S.A. De C.V.
Jul. 2020 Merged its consolidated subsidiary, Kasai Tech Co., Ltd., into the Company’s operations.
Oct. 2020 Samukawa Plant and Yorii Plant merged into Kyushu Kasai Kogyo that merged Mie Kasai Kogyo and Gunman Kasai Kogyo also into its operations. As a result Kyushu Kogyo adopted a new corporate name, Kasai Kogyo Japan.
Apr. 2022 From April 2022, moved from the First Section of the Tokyo Stock Exchange to the Prime Market.

Supplemental Information 1