Kiriu Corporation
Company Profile
Business Overview
-Main products are brake discs, brake drums.
-Brake discs accounted for 71% of the company's total sales in the fiscal year ending March 2024
Shareholders
| -Unlisted Company | (As of Mar. 31, 2024) |
| Shareholder | Ratio of shareholding (%) |
| Sumitomo Corp. | 100.0 |
Products
Brake Parts
Brake discs
Brake drums
Steering knuckles
Air Conditioner Parts
Scroll compressors
History
| 1906 | Established for the purpose of manufacturing tools for textile spinning machines. |
| Jan. 1917 | Reorganized as Kiriu Machine Mfg. Co., Ltd. |
| 1937 | Began production of machine tools such as lathes and turret lathes. |
| Apr. 1960 | Joined Prince Automotive (currently Nissan Motor Co.) Group and began manufacturing of automotive casting components. |
| Sep. 1961 | Listed on the Second Section of the Tokyo Stock Exchange |
| Oct. 1962 | Moved the Headquarters and the machine tool plant to the current location. |
| Oct. 1968 | Setup Ashikaga Plant and built the 1st casting plant to increase production of automotive casting parts. |
| Sep. 1973 | Established a subsidiary, Ohu Automotive Parts Co., Ltd. in Funagata-machi, Yamagata Prefecture. |
| Dec. 1975 | Started the production of forklift components and attachments |
| June, 1978 | Kiriu Kohsan, a subsidiary was established, in Akahori-machi, Gunma Prefecture. |
| Sep. 1992 | Invested in Fuhsingji Machine Co., Ltd. in Taiwan |
| Apr. 1993 | Established Kiriu Oita in Innai-machi, Oita Prefecture. |
| Oct. 1996 | Established a subsidiary Kiriu Technology Co., Ltd. in Taiwan |
| 1998 | Acquired additional shares of Fuhsingji Machine Co., Ltd. in Taiwan and made it into a subsidiary |
| Aug. 1998 | Established a joint venture subsidiary, Kiriu Buddyprima Indonesia in Indonesia |
| Dec. 2000 | Dissolved the subsidiary, Kiriu Technology Co., Ltd. |
| Mar. 2001 | Suspended the operations of a subsidiary, Kiriu Oita |
| Mar. 2001 | Will spin off the Machine Tool Division in the first half of FY 2001 Changed the name of Kiriu Oita to Kiriu Techno and handed over the operation. |
| July, 2001 | Established a local corporation, Kiriu USA in Kentucky, USA to produce brake drums and discs |
| Oct. 2001 | Changed the company name to Kiriu Corporation. |
| Dec. 2001 | Takeover bid of KIRIU completed. Unison Capital, Inc. acquired 95.4% of the outstanding shares. Unison Industrial Partners, an affiliated company of Unison Capital, will be the parent company. |
| 2002 | Reached an agreement to merge with Unison Industrial Partners, the parent company. Was spun off from the Nissan Group. Established a subsidiary named Kiriu USA Corporation. Closed Fuhsingji Machine Co., Ltd. (Taiwan). |
| 2003 | Purchased a piece of land and a building in Sawa-Gun, Gunma Prefecture for a new plant. Expanded the plant facilities of Kiriu USA Corporation. Decided to expand its casting operations at P.T. Kiriu Budiprima Indonesia. |
| 2004 | Established Kiriu-Lioho Co., Ltd., a manufacturing subsidiary in China, jointly with Lioho Machine Works of Taiwan. Kiriu USA Corporation opened a Detroit office. Sumitomo Corp. acquired the shares in the Company that were owned by Unison Capital. |
| 2005 | Established Kiriu Samick jointly with Samick LMS of Korea. |
| Jan. 2006 | Decided to establish Kiriu (Thailand) Co.,Ltd. in Thailand. Decided to set up Kiriu Mexicana S.A.de C.V. in Mexico. |
| 2007 | Established Munjal Kiriu Industries Pvt. Ltd. jointly with Hero Motors Limited of India. |
| 2008 Jan. | Established Kiriu Oita Corp. in Oita Pref., Japan. |
| Aug. 2010 | Absorbed Kiriu Kosan into its own operations. |
| Feb. 2011 | Increased its investment in Munjal Kiriu Industries Pvt. Limited, adding the Indian production company to its consolidated financial statements. |
| Apr. 2012 | Acquired capital in Fujiwa Machinery Industry (Hubei) Co, Ltd., manufacturing facility in China. |
| Sep. 2015 | Reorganized Kiriu Ilrim Autoparts Machine (Yantai) Co., Ltd. to Kiriu Techno (Yantai) Co., Ltd. |
| Aug. 2021 | Closed a subsidiary, KIRIU TECHNO (YANTAI) Co., Ltd. |
| Apr. 2021 | Asama Giken Co., Ltd. became a subsidiary company |
| Aug. 2022 | Acquired and absorbed the operations of Kiriu Techno Co., Ltd. |
