Nihon Plast Co., Ltd.
Company Profile
■URL
https://www.n-plast.co.jp/english/
■Address
3507-15 Yamamiya, Fujinomiya Shi, Shizuoka, 418-0111, Japan
Business Overview
-The Company is a manufacturer of automotive safety parts and plastic parts.
-The Company’s main products are airbags, steering wheels, and plastic products such as instrument panel parts and air ducts.
| Percentage of sales by product | (%) |
| FY ended Mar. 31, 2023 | FY ended Mar. 31, 2022 | FY ended Mar. 31, 2021 | |
| Plastic products | 46.0 | 45.5 | 46.9 |
| Airbags | 27.3 | 26.9 | 27.8 |
| Steering wheels | 26.0 | 26.0 | 23.9 |
| Others | 0.7 | 1.6 | 1.4 |
Shareholders
| -Moved to the Standard Market of the Tokyo Stock Exchange | (As of Mar. 31, 2023) |
| Company Name or Name | Investment Ratio (%) |
| The Master Trust Bank of Japan ,Ltd. (Trust Account) | 7.59 |
| Tokyo Small and Medium Business Investment & Consultation | 7.36 |
| Individual shareholder | 6.69 |
| Daicel Corporation | 5.15 |
| Custody Bank of Japan, Ltd. (Trust Account) | 4.35 |
| NORTHERN TRUST GLOBAL SERVICES SE, LUXEMBOURG RE CLIENTS NON-TREATY ACCOUNT | 2.08 |
| Individual shareholder | 1.64 |
| Itochu Plastics Inc. | 1.63 |
| The Dai-ichi Life Insurance Company, Limited | 1.59 |
| Mizuho Bank, Ltd. | 1.59 |
| Total | 39.72 |
Products
Safety parts
-Steering wheels
-Airbag modules
- Passenger-side airbag modules
- Side airbag modules
- Side curtain airbag modules
- Knee airbag modules
Instrument panel parts
-Upper/lower parts of instrument panel
-Ventilators
-Glove boxes
-Console boxes
-Cup holders
-Column covers
-Air conditioner ducts
-Shift knobs
Interior trim parts
-Pillar garnishes
Exterior trim parts
-Cover cowl tops
-Fender protectors
-Wheel resonators
Aero parts
-Air spoilers
-Front under covers
History
| Oct. 1948 | Started business as a manufacturer producing and selling synthetic resin parts. |
| Oct. 1948 | Started selling synthetic resin parts to Nissan's Yoshiwara Works. |
| May, 1950 | Received the first order for steering wheels from Nissan and started delivering the products in September. |
| Aug. 1958 | Opened the Tokyo Branch in Minato-ku, Tokyo. The functions of the branch have since been taken over by two branches, Atsugi and Tochigi branches. |
| July, 1960 | Constructed a new headquarters with production facilities in Yoshiwara, Shizuoka. |
| May, 1965 | Capitalization increased to 45 million yen with Nissan holding 20% of shares. |
| Oct. 1965 | Concluded a technical licensing agreement with Petri in West Germany and started producing rubber-made steering wheels. |
| June, 1968 | Start doing business with Honda. |
| Sep. 1998 | Entered into a business alliance with Kansei, currently Calsonic-Kansei Corp. |
| May, 1999 | Established NP Service Co., Ltd. in Fuji, Shizuoka |
| Apr. 2000 | Aquired Prostec Co. Ltd. (of the Prostec Group), Fuji Technical Center, and Daiei. |
| Apr. 2000 | Established Neaton Rome Incorporated (hereinafter referred to as Neaton Rome) in Georgia, U.S.A., with Neaton Auto Products holding 100% of the shares. |
| July, 2000 | Finalized a commercial agreement with MollerGroup GmbH & Co.KG of Germany to conduct business in the automotive interior and exterior parts area. Formed a capital alliance agreement with its subsidiary, MollerTech International GmbH. |
| July, 2000 | Finalized a commercial agreement with Dalphi Metal Espana SA. of Spain to deal in products involving automotive safety. Formed a capital alliance agreement with the company in November, 2000. |
| Oct. 2000 | Announced a capital tie-up agreement with Madrid-based Dalphi Metal, a Spanish automotive component supplier. On November 2, 2000, Dalphi Metal acquired some Nihon Plast stakes from Nissan for more than 1biliion yen, to become the largest shareholder of Nihon Plast, owning 14% of all issued stock. At the same time, Nihon Plast acquired a 10% stake of Dalphi's shares under an allocation of stock offered to third-parties. Since then, the two companies have been jointly cooperating on the development and production of steering wheels and air-bag units. |
| Nov. 2000 | NP Kouki and Prostec Group merged under the name of Prostec Co. Ltd. |
| Nov. 2000 | Consolidated four subsidiaries producing resin parts and dies. These companies were PROSTEC Group, two other wholly-owned subsidiaries and NP Koki Co., Ltd (a 57.4% owned subsidiary). |
| Feb. 2003 | Established Zhongshan Plast Industry Co., Ltd. jointly with Itochu corporation in Zhongshan City, Guangdong province in China. |
| Mar. 2004 | Issued and allocated one million new shares to a third party, and thereby increased its capital by two billion yen. |
| Nov. 2004 | Established Nihon Plast (Thailand) Co., Ltd in Rayong, Thailand. |
| Dec. 2004 | Delisted from the over-the-counter market of the Japan Securities Dealers Association and listed on the Jasdaq Security Exchange. |
| Jul. 2005 |
Honda Motor Co., Ltd. made a 20.6% investment in the Company, thereby the Company became a Honda' affiliate. |
| Jan. 2006 | Established a second technical center at Fujinomiya, Shizuoka Prefecture, Japan.. |
| Apr. 2007 | Established Nihon Magnesio S.A.de C.V. in Queretaro, Mexico, together with Nihon Plast Mexicana S.A.de C.V. and Neaton Auto Products. |
| Nov. 2007 | Established Technical Center 3 in Kawanarijima, Fuji, Shizuoka Prefecture. |
| Mar. 2008 | Company's stock listed on the Second Section of the Tokyo Stock Exchange |
| Aug. 2008 | Established Wuhan Plast Auto Parts Co., Ltd. in Wuhan, Hubei Province, China |
| Jan. 2010 |
Moved its headquarters to the premises of the Company's technical center in Fujinomiya City, Shizuoka Prefecture. |
| Nov. 2010 | Nihon Plast Mexicana S.A.de C.V. and Neaton Auto Products Mfg., Inc. jointly established Neaton Auto Mexicana, S.A de C.V. in Queretaro, Mexico. |
| 2013 | Ended capital relationship with Honda. |
| Nov. 2013 | Opened China Technical Center in Zhongshan, Guangdong, China. |
| Dec. 2017 | Listed on the first section of the Tokyo Stock Exchange. |
| Mar. 2018 | Nihon Plast Mexicana S.A.de C.V. and Nihon Magnesio S.A. de C.V. jointly established Nihon Plast Mexicana de Temascalcingo, S.A. de C.V. |
| Mar. 2019 | Established Nihon Plast Vietnam Co., Ltd. in Vĩnh Phúc, Vietnam. |
| Apr. 2022 | Moved to the Standard Market of the Tokyo Stock Exchange |
Supplemental Information 1
>>>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