Murakami Corporation

Company Profile

■URL

https://www.murakami-kaimeido.co.jp/english/

■Address

11-5 Tenma-cho, Aoi-ku, Shizuoka-city, Shizuoka, 420-8550, Japan

Business Overview

-The Company is one of the largest manufacturers of automotive rear-view mirrors, with 40% of the market share in Japan. Non-affiliated.

-As of the fiscal year that ended Mar. 2024, sales for Toyota accounted for 25.0% of company-wide sales.

-The Company is engaged in manufacturing automotive products, optronic products, and other products.

Business Results

-In the fiscal year that ended in March 2024, sales were JPY 104,601 million, operating profit was JPY 8,336 million, ordinary profit was JPY 9,316 million, and net income attributable to owners of the parent company was JPY 5,887 million.

Shareholders

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

(As of Mar. 31, 2024)

Name or Company Name	Investment Ratio (%)
Houeisha	16.08
Individual Shareholder	12.54
MUFG Bank, Ltd.	5.03
NIPPON ACTIVE VALUE FUND PLC (Standing proxy: HSBC Bank Tokyo Branch Custody Department)	4.68
The Tachibana Securities Co., Ltd.	4.17
Shizuoka Nakajimaya Hotel Chain Co., Ltd.	3.98
Shizuoka Bank, Ltd.	3.97
Tokyo Small and Medium Business Investment & Consultation Co., Ltd.	3.47
Meiji Yasuda Life Insurance Company	3.00
Suruga Bank Ltd.	2.92
Total	59.88

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Products

-Outer Mirror
-Interior Rearview Mirror
-Blind Spot indicator Mirror(BSM)
-Power folding units
-Actuators
-Side Turn Signal Lamp
-Side Door Mirror Logo Lamp
-Door mirrors with foot light
-Reverse-gear combination mirrors
-Hydrophilic clear mirrors(HCM)
-Electronic Interior Rearview Mirror: Hybrid Inner Mirror
-Concave Mirror for HUD / Plane Mirror
-Antidazzle wide inner mirrors with indicators
-Heated washer
-Courtesy Projection Lamps

Opt + Electronics
-Dichroic Mirror
-UV Filter
-IR Filter
-Cold Mirror
-Bandpass Filter
-Trimming Filter
-Half Mirror
-High-Reflectance Mirror (Metallic Surface Mirror)
-Curved Glass Mirrors

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History

Mar, 1948	Established as Murakami Corporation, which succeeded "Kaimeido." Founded in 1882 as a manufacturer of mirrors and wholesaler of glass.
Sep, 1958	Awarded a contract for rear-view mirrors from Toyota Motor Industries Co., Ltd. (currently, Toyota Motor Corporation) and started production.
Nov, 1967	Established Fujieda plant in Fujieda City, Shizuoka Prefecture to expand rear-view mirror production.
Dec, 1967	Awarded a contract for rear-view mirrors from Mitsubishi Heavy Industries Co., Ltd. (currently, Mitsubishi Motors Corporation).
Jan, 1975	Established Shizuoka Auto Glass Co. jointly with Asahi Glass Corporation to separate the automotive glass sales division.
May, 1981	Established Shizuoka Sun Mirror jointly with Asahi Glass Corporation and its exclusive distributor in Shizuoka City to separate the mirror and glass processing division from the Company.
Apr, 1983	Established Kaitsu (Present name: Murakami Kaimeido Kasei) jointly with Tsutsunaka Plastic Industries Co., Ltd. and separated the chemical parts division.
Nov, 1991	Listed in the Japan Securities Dealers Association (JSDA).
Mar, 1995	Listed on the Second Section of the Tokyo Stock Exchange.
Oct, 1996	Established Ooigawa plant in Fujieda City, Shizuoka Prefecture to enhance the capacity of rear-view mirror production.
Nov, 1997	Established Murakami Ampas (Thailand) Co., Ltd. Jointly with Ampas Industry Co., Ltd. in Thailand. Started manufacturing of rear-view mirrors.
Dec, 1999	Dissolved Shizuoka Sun Mirror. Consolidated its mirror and glass processing business with Murakami Kaimeido Techno.
June, 2000	Established Murakami Manufacturing U.S.A. Inc. (a 100% subsidiary) in Kentucky as a site for the sales and production of rear-window mirrors.
July, 2001	Established Murakami Manufacturing (Thailand) a 100% subsidiary, in Thailand as a site for the sales and production of rear-window mirrors.
Oct, 2001	Established Murakami Manufacturing (Hong Kong) Co., Ltd. (a 100% subsidiary) to expand sales in field of opt-electronics in China.
Nov. 2002	Established Jiaxing Murakami Ishizaki Corporation jointly with Ishizaki Honten Company, Limited as a manufacturing and sales base in China for rearview mirrors.
Mar. 2004	Established Murakami Saikyu (Thailand) as a manufacturing and sales base for dies in Thailand, jointly with Saiku Seiki.
May, 2007	Established Murakami Corporation Kyushu (a wholly owned subsidiary) in Asakura City, Fukuoka Prefecture, as a manufacturing and sales center for rear view mirrors.
Feb. 2008	In China, Jiaxing Murakami Kaimeido Corporation acquired a license as a local production and sales base of back mirrors.
Feb. 2011	Established Jiaxing OLSA Murakami Corporation, a production and sales company in China, through a joint investment with OLSA S.p.A.
Dec. 2011	Constructed the Tsuiji Plant in Shizuoka, in order to augment its production framework for manufacturing rearview mirror systems.
Jul. 2012	Merged and absorbed the operations of Jiaxing Murakami Kaimeido Corporation into Jiaxing Murakami Ishizaki Corporation, which became the surviving company.
Sep. 2012	Changed the name of Jiaxing Murakami Ishizaki Corporation to Jiaxing Murakami Corp.
Nov. 2012	Acquired 51% of the outstanding stock shares in PT Delloyd, a company in Indonesia manufacturing and selling rearview mirrors, turning it into a subsidiary.
Feb. 2013	Changed the name of PT Delloyd to PT. Murakami Delloyd Indonesia.
Sep. 2013	Established 100% subsidiary Murakami Corporation (Thailand) Ltd. for designing and preparing production of rear-view mirrors.
Feb. 2014	Established 100% subsidiary Murakami Manufacturing Mexico, S.A. de C.V. for manufacturing and sales of rear-view mirrors.
Sep. 2016	Invested 100% of the capital to establish Murakami Manufacturing India Private Ltd. in India.
Oct. 2016	Established Foshan Murakami Corporation in Foshan, Guangdong, China. Foshan Murakami, which is a subsidiary of one of the Company’s subsidiaries, manufactures and sells automotive rearview mirrors.
Dec. 2017	Established Murakami Germany GmbH for market research in Europe.
Jan. 2018	Established Tianjin Murakami Corporation, which is a subsidiary of one of the Company’s subsidiaries, manufactures and sells automotive rearview mirrors.
Apr. 2022	Moved to the Standard Market of the Tokyo Stock Exchange.