Kyowa Leather Cloth Co., Ltd.

Company Profile

■URL

https://www.kyowale.co.jp/en/

■Address

1876 Higashi-machi, Minami-ku, Hamamatsu-shi, Shizuoka-ken, 430-8510, JAPAN

Business Overview

-The Company, a member of the Toyota Group, specializes in synthetic resin leather and film.

-The Company has a 70% share of the synthetic leather cover materials for automotive interior products in Japan (according to the Company's own survey).

Business Performance Highlights

-The Company’s financial results for the fiscal year that ended in March 2022 are as follows.
Consolidated sales: JPY 47,074 million (14.3% increase year-over-year)
Operating income: JPY 1,819 million (15.8% increase year-over-year) 
Ordinary income: JPY 2,285 million (19.8% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: 1,684 million (16.8% increase year-over-year)

Shareholders

-From April 2022, moved to the Standard Market of the Tokyo Stock Exchange (As of Mar. 31, 2022)
Name or Company Name Investment Ratio (%)
Toyota Motor Corp. 34.69
The Master Trust Bank of Japan, Ltd. (Trust Account) 6.75
Toyota Tsusho Corporation 6.45
Hayashi Telempu Holdings Corp. 4.32
Resona Bank, Limited 3.58
Custody Bank of Japan, Ltd. (Trust Account) 3.34
Kisco Ltd. 3.18
Employee stock holdings 1.35
MIKI & CO., LTD. 1.25
NAGASE & CO., LTD. 1.25
Total 66.16

Products

Automotive interior covering materials
-Urethane products used for:

  • Seats
  • Door trim
  • Door ornaments
  • Arm rests
  • Instrument panels
  • Console boxes
  • Steering wheels
  • Shift lever boots

- Olefin products used for:

  • Instrument panels
  • Head linings
  • Roofs
  • Door trim
  • Door ornaments
  • Arm rests
  • Console boxes

-Vinyl chloride products used for:

  • Seats
  • Door trims
  • Door ornaments
  • Arm rests
  • Console boxes
  • Shift lever boots
  • Tonneau covers
  • Sunvisors
  • Roofs

ーAcrylic products used for:

  • Roofs

History

Aug. 1935 Fuji Kakuhu Co., Ltd.; Asahi Leather Co., Ltd.; Dainippon Co., Ltd; and Nippon Gikaku Co., Ltd. all merged to form Kyowa Leather Cloth Co., Ltd.
Jun. 1942 Set up Tokushima Factory in Naruto, Tokushima
Apr. 1944 Renamed as Kyowa Kouku Kakou.
Dec. 1945 Renamed Kyowa Kakou.
Oct. 1947 Name changed back to Kyowa Leather Cloth Co., Ltd.
Nov. 1948 Acquired Shinko Kokusaku Kogyo.
Jan. 1949 Started producing vinyl chloride leather
Apr. 1957 Listed on the Tokyo over-the-counter market
Sep. 1961 Listed on the Tokyo Stock Exchange
Mar. 1962 Listed on the Osaka Securities Exchange (Delisted in February 2004)
Dec. 1968 Established 1st Tenryu Plant in Hamamatsu, Shizuoka
May 1974 Established 2nd Tenryu Plant in Hamamatsu, Shizuoka
Sep. 1978 Moved headquarters from Sumida-ku, Tokyo to Hamamatsu, Shizuoka
May 1981 Established Shinshiro Plant in Shinshiro, Aichi
Feb. 1997 Established Kyowa Leather Cloth U.S.A. INC. (Liquidated in September 2008)
Jun. 2000 The entire Company obtained ISO14001 certification.
Jan. 2002 Established Thai Nam-Kyowa Company Limited in Thailand.
Apr. 2004 Established Kyowa-GSK Industry (Langfang) Co., Ltd.
Oct. 2011 Changed Kyowa-GSK Plastics (Langfang) Co., Ltd. to a consolidated subsidiary
Jul. 2018 Merged Nankai Technart Co., Ltd. and Kyowle Company together, changing the newly formed company’s name to Kyowa LifeTechno, Co., Ltd.
Oct. 2021 Established Kyowa North America, Inc., a non-consolidated subsidiary accounted for under the equity method of accounting. 

Supplemental Information 1