Meiwa Industry Co., Ltd.

Company Profile

■URL

http://www.meiwasangyo.co.jp/english/index.html

■Address

Rurie Hon-Atsugi, 3-1-1 Kotobuki-cho, Atsugi-shi, Kanagawa, 243-0003 Japan

Business Overview

-Manufacturing and sales of interior trim parts for trunk room, floor, seat and roof.

Financial Overview

-In the fiscal year that ended in March 2024, consolidated sales were JPY 22,394 million (5.7% YoY increase), operating loss was JPY 422 million, and an ordinary loss of JPY 448 million, and the net loss attributable to parent company shareholders was JPY 305 million.

Shareholders

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

(As of Mar. 31, 2024)

Name or Company Name	Investment Ratio (%)
Taiyo Life Insurance Co.	6.00
Yoei Co.	5.15
Individual shareholder	4.70
Sumitomo Mitsui Banking Corporation	3.74
Prime Polymer Co., Ltd.	3.40
The Master Trust Bank of Japan, Ltd. (Trust Account)	3.14
Mitsui & Co. Plastics Ltd.	2.28
Nippon Life Insurance Company	1.89
Employee shareholdings	1.73
Sumitomo Mitsui Trust Bank, Limited	1.66
Total	33.74

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Products

Trunks
Floor
Seat back board

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History

May, 1956	Established Meiwa Industry Co., Ltd in Iriarai, Ota-ku, Tokyo with capital of 2 million yen. Built main plant in Shimomaruko-cho, Ota-ku and started manufacturing and sales of automotive vinyl chloride floor mats processed by sewing and welding.
May, 1959	Built Ofuna Plant in Kamakura City, Kanagawa. Established an integrated manufacturing system from vinyl chloride material to finished mats and started production and sales.
Aug. 1960	Changed the headquarters location to Kamakura City, Kanagawa (in Ofuna Plant).
Sep. 1965	Established Nagoya Plant in Toyoake-cho, Aichi and started production and sales of polyurethane foam products and vinyl chloride mats. Nagoya Sales Office was set up inside Nagoya Plant.
Feb. 1974	Moved the headquarters to Taito-ward, Tokyo
May, 1979	Merged with Nisshin Co., Ltd. and Meiwa Industrial Co., Ltd., for par value of 50yen, with the aim of raising the share value, strengthening the managerial bases and streamlining the administration. Acquired by Meiwa Industrial Co., Ltd. for 50yen par value.
Jan. 1981	Listed on the second section of the Tokyo Stock Exchange Market
Aug. 1981	Founded a new plant in Showamachi, Yamanashi and started to produce and supply components such as molded-door trims.
Jul. 1985	Moved the headquarters to Atsugi city, Kanagawa
Feb. 2005	Formed a capital and business alliance with Kaneka Corporation. The two companies launched a joint development project in the area of automotive components and materials.
Mar. 2006	Gained a majority share in a packaging material supplier in Dalian, China from a Japanese company, turning the material supplier into a subsidiary and renaming it Dalian Meiwa Chemical Products Co., Ltd., which will manufacture automotive parts for the Company.
Jun. 2007	Set up Technology Development Center by consolidating design department, technology development department and production technology department.
Jul. 2007	Relocated the head office to Kotobuki-cho, Atsugi City, from Onna, Atsugi City.
Mar. 2008	Moved production operations at its Gunma Plant into Kofu Plant, moving its Gunma Office to Ota City.
Apr. 2008	Established a representative office in Guangzhou, China.
Jun. 2008	Increased the capital equity of Dalian Meiwa Chemical Products Co., Ltd. in China, which was capitalized at 304.1 million yen.
Dec. 2008	Moved the location of Dalian Meiwa Chemical Products Co., Ltd. to the Dalian Bonded Area in Dailian, China.
Jul. 2009	Established a manufacturing subsidiary, Meiwa (Foshan) Automobile Parts Co., Ltd., in Foshan, China.
Sep. 2009	Dissolved Meishin Kogyo.
Nov. 2010	Increased its stake in Dalian Meiwa Chemical Products Co., Ltd. in China. (Registered capital: 704.10 million yen)
Mar. 2011	Dalian Meiwa Chemical Products Co., Ltd. in China adopted a new corporate name, Meiwa (Dalian) Automobile Parts Co., Ltd.
May 2011	Dissolved business and capital collaborations with Kaneka Corporation.
Mar. 2012	Established Meiwa Industry (Thailand) Co., Ltd. as a sales subsidiary in Bangkok, Thailand.
Apr. 2012	Increased its capital in Meiwa (Foshan) Automobile Parts Co., Ltd. to 700 million yen.
Feb. 2013	Established Meiwa Industry North America, Inc., a subsidiary in the state of Tennessee in the U.S.A.
Apr. 2013	Closed the Guangzhou Representative Office and established Meiwa (Foshan) Automobile Parts Co., Ltd., Guangzhou Branch.
Jul. 2013	Agreed to increased capital in Meiwa Industry (Thailand) Co., Ltd., capital of JPY 16.29 million.
Dec. 2013	Commenced finishing work on floor mats at rental facility of Meiwa Industry (Thailand) Co., Ltd.
Mar. 2014	Agreed to increased investment in Meiwa (Foshan) Automobile Parts Co., Ltd. of JPY 90.00 million.
Sep. 2014	The Company’s stock was transferred to the first section of the Tokyo Stock Exchange (TSE) from the second section of the TSE.
Feb. 2015	Established Michigan sales office of Meiwa Industry North America, Inc. in Novi, Michigan, U.S.
Jan. 2016	Established Meiwa Industria Mexico, S.A. de C.V in San Luis Potosi, Mexico.
Feb. 2016	Made additional investment in Meiwa Industria Mexico S.A. de C.V., and increased the Mexican unit’s capital to MXN 47,598,500.
Apr. 2016	Established Chinese headquarters, which will oversee the Group’s subsidiaries and sales operations in China.
	Made additional investment in Meiwa Industry North America, Inc. and increased its capital to USD 13.5 million.
	Made additional investment in Meiwa Industry (Thailand) Co., Ltd. and increased its capital to THB 102 million. The Thai unit was converted into Meiwa Industry’s wholly owned subsidiary.
Apr. 2017	Further invested THB 232 million in Meiwa Industry (Thailand) Co., Ltd.
Mar. 2018	Further invested THB 332 million in Meiwa Industry (Thailand) Co., Ltd.
May 2018	Established the Wuhan Office of Meiwa (Foshan) Automobile Parts Co., Ltd., in China.
Nov. 2018	Further invested USD 18.5 million in Meiwa Industry North America, Inc.
Sep. 2019	Further invested JPY 1.2 billion in Meiwa (Foshan) Automobile Parts Co., Ltd., in China.
Oct. 2019	Further invested USD 21.5 million in Meiwa Industry North America, Inc.
Sep. 2020	Further invested USD 23.5 million in Meiwa Industry North America, Inc.
May 2021	Further invested THB 432 million in Meiwa Industry (Thailand) Co., Ltd.
Apr. 2022	Moved from the First Section of the Tokyo Stock Exchange to the Prime Market due to the TSE's reorganization.
Apr. 2023	Production operations by product line are being reorganized into production departments. Products will be produced either at the No. 1 Production Department at the Gifu Plant and Kofu Plant, and at the No. 2 Production Department at the Nagano Plant.