Metalart Corporation
Company Profile
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 29.5% of the Company's sales for fiscal year ended Mar. 31, 2022.
-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 2022 are provided below:
Consolidated sales: JPY 35,010 million (23.9% year-on-year increase)
Operating profit: JPY 3,206 million (81.8% year-on-year increase)
Ordinary profit: JPY 3,308 million (59.8% year-on-year increase)
Current net profit attributable to the parent company: JPY 2,215 (62.4% year-on-year increase) .
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 (%) |
| Daihatsu Motor Co., Ltd. | 34.30 |
| GOHSYU CORPORATION | 4.25 |
| Individual shareholder | 3.78 |
| THE SHIGA BANK，LTD． | 3.31 |
| Individual shareholder | 2.82 |
| Resona Bank, Limited. | 1.98 |
| HIKARI TSUSHIN, INC. | 1.93 |
| Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. | 1.88 |
| Employee stock holdings | 1.41 |
| J.P.Morgan Securities plc Director Andrew J.Cox | 1.32 |
| Total | 56.97 |
Products
Engine parts
-Crank shafts
-Connecting rods
Precision forged gears
Continuously Variable Transmission parts
Manual Transmission gears
Automatic Transmission parts
Truck links
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. |
Supplemental Information 1
>>>Business report for FY ended Mar. 31, 2008
>>>Business report for FY ended Mar. 31, 2009
>>>Business report for FY ended Mar. 31, 2010
>>>Business report for FY ended Mar. 31, 2011
>>>Business report for FY ended Mar. 31, 2012
>>>Business report for FY ended Mar. 31, 2013
>>>Business report for FY ended Mar. 31, 2014
>>>Business report for FY ended Mar. 31, 2015
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
Note: A figure in brackets ( ) indicates a loss