Metalart Corporation

Company Profile

■URL

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

■Address

3-2-18, Noji, Kusatsu-shi, Shiga-ken., 525-0059, Japan

Business Overview

-Mainly manufactures and sells automotive components (crankshafts, connecting rods, etc.) and precision forgings for construction machinery.

-Integrated production from die design, forging (hot and cold) to machining and assembly.

-The Company's largest customer is Daihatsu, which accounted for 31.1% of the Company's sales for fiscal year ended Mar. 31, 2024.

-Announced in May 2022 that is will launch business operations in an area new to the Company, the motor business, in line with the current trend in electrification.

Financial Highlights

-Business results for the fiscal year that ended in March 2023 are provided below:
Consolidated sales: JPY 45,021 million (1.8% year-on-year increase)
Operating profit: JPY 2,921 million (23.2% year-on-year decrease)
Ordinary profit: JPY 3,183 million (17.7% year-on-year decrease)
Current net profit attributable to the parent company: JPY 2,119 (19.5% year-on-year decrease).

Shareholders

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

(As of Mar. 31, 2024)

Name or Company Name	Investment ratio (%)
Daihatsu Motor Co., Ltd.	35.18
Gohsyu Corporation	4.35
Individual shareholder	3.74
The Shiga Bank，Ltd．	3.39
Resona Bank, Limited.	2.04
RE FUND 107-CLIENT AC (Standing proxy: Citibank, N.A., Tokyo Branch)	1.79
Ueda Yagi Tanshi Co., Ltd.	1.78
Employee stock holdings	1.61
STATE STREET BANK AND TRUST CONPANY 510686 (Standing proxy Mizuho Bank, Ltd. Sales of Yen Settlements Department)	1.32
Custody Bank of Japan, Ltd. (Trust Account)	1.31
Total	56.52

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Products

Engine parts
-Crank shafts
-Connecting rods

Precision forged gears

Continuously Variable Transmission parts

Manual Transmission gears

Automatic Transmission parts

Truck links

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History

May, 1933	Goto Tankosho was established as a limited partnership.
Aug. 1943	The Company was incorporated.
Apr. 1958	The Fukumachi Plant was established at 1-9 Higashi-Fukumachi, Nishi-Yodogawa-ku, Osaka.
Nov. 1962	Listed on the Second Section of the Osaka Stock Exchange.
June, 1964	Established the Shiga Plant at 1350 Noji-machi, Kusatsu City, Shiga Pref.
June, 1965	Recruited executives from Nissho (currently Nissho Iwai) to improve management.
Sep. 1967	Integrated three plants in Nozato, Fuku-machi, Shiga were into two plants, in Osaka and Shiga.
Dec. 1967	Established Omi Seiko Inc. (currently a consolidated subsidiary)
July, 1970	Moved headquarters to 1 Okawa-cho, Higashi-ku, Osaka. Moved headquarters office to its current location. The Shiga plant was renamed as Headquarters Plant.
Apr. 1972	The Osaka Plant was integrated into the Headquarters Plant. Established an integrated production system.
July, 1975	Headquarters moved to its current location, 1350 Noji-cho, Kusatsu City, Shiga Pref.
May, 1981	Established San Emu Industry Inc. (currently a consolidated subsidiary).
Dec. 1987	Established a 2000t automated forging stamping plant.
Oct. 1991	Renamed as Metalart Corporation.
July, 1992	Corporate name of Omi Seiko Inc. was changed to Metaltech Corporation.
July, 1992	Corporate name of San Emu Industry Inc. was changed to Metalmac Corporation.
Mar. 1993	Established Metal Forge Corporation (currently a consolidated subsidiary).
Apr. 1998	Metaltecs Corporation took over Metalmacs Corporation.
May, 2002	Set up a cold forging line.
Aug. 2005	Metaltecs Corporation established a link line at the Baba plant.
Feb. 2006	Established the Baba plant, moving a precision forging line and installing an integrated production line for heat and surface treatment.
Mar. 2008	Metal Tex established its Mizuguchi Plant. A new production line for processing CVT components was built.
Jan. 2013	Metal Tex established its Kyushu Plant. A new production line for machine processing was built.
May 2013	Established PT. Metalart Astra Indonesia in Indonesia. (This company is currently a consolidated subsidiary.)
February 2015	Operation of PT.METALART ASTRA INDONESIA started.
Apr. 2018	METALART CORPORATION marged with METALTEX CORPORATION.
Apr. 2022	Moved from the Second Section of the Tokyo Stock Exchange to the Standard Market.
Nov. 2023	Established a new motor core factory within the Minakuchi Plant.