Musashi Seimitsu Industry Co., Ltd.
Company Profile
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Business Overview
-Parts manufacture under the Honda Group. The percentage of sales to Honda was 51.0% in the fiscal year that ended in March 2021. The Company manufactures and sells automotive parts for powertrains, suspensions, steering systems, and transmissions, in addition to manufacturing and selling products for motorcycles and ATVs.
-Sales percentages by region are as follows:
Japan: 16%; USA: 22%; Asia 21% (excluding China); China: 15%; and Europe: 26%. In the fiscal year that ended in March 2020, the percentage of sales to China was 9%, so in the fiscal year that ended in March 2021 it increased by 6 points (to 15%).
-Since 2018 the Company has been investing in and forming business alliances with various start-up ventures. Some are listed below.
REE: an Israel-based developer of platforms for electric vehicles
Aquarius Engines: Developer of compact engines for electric-power generation
SAKUU: US-based developer of all-solid-state batteries used for 3D printing
Shareholders
| -Listed on the first section of the Tokyo Stock Exchange and Nagoya Stock Exchange. | (As of Mar. 31, 2021) |
| Name | Investment Ratio (%) |
| Honda Motor Co., Ltd. | 25.08 |
| Master Trust Bank of Japan, Ltd. (Trust Account) | 7.05 |
| Japan Trustee Services Bank, Ltd. (Trust Account 9) | 4.22 |
| JPMorgan Chase Bank, N.A., 385632 | 4.04 |
| Otsuka Holdings Co., Ltd. | 3.99 |
| Japan Trustee Services Bank, Ltd. (Trust Account) | 3.69 |
| Individual shareholder | 2.26 |
| State Street London Care of State Street Bank and Trust Boston (SSBTC) A/C UK London Branch Clients United Kingdom | 1.99 |
| Government of Norway | 1.98 |
| Juniper | 1.68 |
| Total | 56.02 |
Products
Differential assembly for differential mechanism
-Differential assemblies
-Differential gears
Planetary assembly for decelerating mechanism
-Planetary assemblies for CVT
-Planetary assemblies for AWD vehicles
-Carrier cases and ring gears
-Clutch hub assemblies with sun gear
Transmission gears/Camshafts
-Camshafts
-Balance shafts; engine vibration absorption functional components
-Transmission gears for AT
-Transmission gears for MT
-Transmission gears for DCT
Ball joint assembly for suspension and steering component
-Suspension arm assemblies
-Suspension ball joints
-Steering ball joints; tie-Rod end
History
| Apr. 1938 | Established Ohtsuka Seisakusho at Togoshi, Shinagawa-ku, Tokyo. |
| Jan. 1944 | Incorporated Ohtsuka Seisakusho as a joint-stock corporation and established Ohtsuka Koku Kogyo Co., Ltd. |
| Oct. 1946 | Ohtsuka Koku Kogyo relocated to Toyohashi City, Aichi Pref. Changed name to Musashi Sangyo Co., Ltd. |
| Apr. 1947 | Shifted to production of sewing machine parts. Began to manufacture and sell balance and sender cams. |
| Sep. 1956 | Musashi Sangyo Co., Ltd. started producing motorcycle parts including camshafts and gears. Started transaction with Honda Motor Co., Ltd. |
| July, 1962 | Started transaction with Kubota Tekko Co., Ltd (present Kubota Co., Ltd.) |
| Sep. 1963 | Musashi Sangyo Co., Ltd. renamed as Musashi Seimitsu Industry Co., Ltd. |
| Jan. 1996 | Acquired 100% of the shares issued by Kyushu Musashi Seimitsu Industry. Honda took over the Company's capital increase for a consideration allocated to a third party and acquired 28.9% of the issued shares. |
| Mar. 1996 | Established PT Musashi Auto Parts Indonesia (83.3% investment) in Indonesia with PT Federal Motors. |
| Apr. 1996 | Obtained ISO9001 certification. |
| June, 1997 | Established Musashi Auto Parts Canada Inc. (100% investment) in Ontario, Canada. |
| Mar. 1998 | Invested in MotogearnorteIndatri de Engrenajemz Litd (currently Musashi de Brazil Limitada) (35.3% investment). |
| Aug. 1998 | Obtained ISO14001 certification. |
| Dec. 1998 | Listed on the over-the-counter market of the Japan Securities Association. |
| Dec. 1998 | Made into subsidiary: MotogearnorteIndatri de Engrenajemz Litd (51.0% investment). |
| May, 1999 | Obtained QS9000 certification. |
| Oct. 2000 | Established Musashi South Carolina Inc. in South Carolina, USA. |
| Feb. 2000 | Established Musashi Hungary Manufacturing, Ltd. in Hungary. |
| Jan. 2001 | Established Musashi Europe GmbH in Wintershreizssheim, Germany. |
| Jan. 2001 | Established Musashi North America Inc. in Michigan, USA. |
| Mar. 2002 | Established Musasi da Amazonia Ltda. in Amazonia, Brazil. |
| Jul. 2002 | Established Musashi Autoparts India Pvt., Ltd. in Haryana, India. |
| Jan. 2003 | Established Musashi Auto Parts (Zhongshan) Co., Ltd. in Guangdong, China. |
| Dec. 2003 | Established Musashi Asia Co., Ltd. (100% investment) in Bangkok, Thailand. |
| Mar. 2004 | Listed on the Second Section of the Tokyo Stock Exchange and the Second Section of the Nagoya Stock Exchange. |
| Mar. 2005 | Listed on the First Section of the Tokyo Stock Exchange and the First Section of the Nagoya Stock Exchange. |
| Dec. 2005 | Established the 2nd. Akemi Plant in Akemi-cho, Toyohashi City, Aichi Prefecture. |
| Mar. 2009 | Closed the Company's Noto Plant located on the site of Noto Industrial Park in Sika-machi, Hakui-gun, Ishikawa prefecture, Japan. |
| Nov. 2010 | Established Musashi Auto Parts Vietnam Co.,Ltd., a wholly owned subsidiary in Hung Yen Province, Vietnam. |
| Dec. 2010 | Liquidated Musashi South Carolina Inc., its wholly owned subsidiary in South Carolina, U.S.A. |
| Dec. 2011 | Established Musashi India Pvt. Ltd. (a wholly owned subsidiary) in Haryana State, India. |
| Mar. 2012 | Established Musashi Auto Parts Mexico, S.A. de C.V. (a wholly owned subsidiary) in San Luis Potosi, Mexico. |
| Jun. 2014 | Established Musashi Auto Parts (Nantong) Co., Ltd. (tentative name) in Jiangsu, China. |
| Oct. 2014 | Established Musashi Investment (Zhongshan) Co., Ltd. (tentative name) in Guangdong, China. |
| Jun. 2016 | Acquired Hay Holding GmbH |
| Nov. 2017 | Built a new production plant for the machinery business; in Akemicho, Toyohashi, Aichi Prefecture. |
| Aug. 2018 | Merged Hay Holding GmbH with Musashi Europe GmbH, changing the company's name to Musashi Europe GmbH. |
| Oct. 2018 | Turned Asada Katan Chutetsusho into a subsidiary. |
| Oct. 2019 | Asada Katan Co., Ltd. adopted new name, Musashi Casting Co., Ltd. |
| Apr. 2020 | Turned JM Energy into a subsidiary |
| Nov. 2020 | Changed name of JM Energy Co., Ltd. to Musashi Energy Solutions Co., Ltd. |
Supplemental Information 1
>>>FY ended Mar. 31, 2007 Business report
>>>FY ended Mar. 31, 2008 Business report
>>>FY ended Mar. 31, 2009 Business report
>>>FY ended Mar. 31, 2010 Business report
>>>FY ended Mar. 31, 2011 Business report
>>>FY ended Mar. 31, 2012 Business report
>>>FY ended Mar. 31, 2013 Business report
>>>FY ended Mar. 31, 2014 Business report
>>>FY ended Mar. 31, 2015 Business report
>>>FY ended Mar. 31, 2016 Business report
>>>FY ended Mar. 31, 2017 Business report
>>>FY ended Mar. 31, 2018 Business report
>>>FY ended Mar. 31, 2019 Business report
>>>FY ended Mar. 31, 2020 Business report
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss