Nishikawa Rubber Co., Ltd.
-Major independent manufacturer of door seals.
-Boasts the largest market share in Japan of door weather-strips.
-The Company set up an alliance with Cooper Standard Automotive Inc. of the USA.
Business Performance Highlights
-The Company’s financial results for the fiscal year that ended in March 2020 are as follows. Consolidated sales: JPY 97,267 million (1.2% decrease year-over-year) Operating income: JPY 6,848 million (11.3% decrease year-over-year) Ordinary income: JPY 7,489 million (11.5% decrease year-over-year) Current net profit attributable to the parent-company’s shareholders: JPY 4,486 million (8.7% decrease year-over-year)
Nishikawa Group's 2020 Vision
-Reaffirm that sealing and foam-forming technology form the basis of the Group, making them its areas of superior strength.
- Consolidated sales: JPY 100 billion and over
- Consolidated operating margin: 10% and over
- Consolidated ROA: 10% and over
|-Listed on the second section of the Tokyo Stock Exchange.||(As of Mar. 31, 2020)|
|Name or Company Name||Investment ratio (%)|
|Nishikawa Memorial Foundation||6.79|
|Customer share holding commission||5.46|
|The Hiroshima Bank, Ltd.||4.89|
|Sumitomo Mitsui Trust Bank, Limited||3.20|
|The Yamaguchi Bank, Ltd.||2.78|
|Employee stock holdings||2.45|
|RMB JAPAN OPPORTUNITIES FUND, LP.||2.32|
Products for Sedan Type
- Sunroof weatherstrips
- Roof-side weatherstrips
- Door mounted weatherstrips
- Drip weatherstrips
- Trunk lid weatherstrips
- Body mounted weatherstrips
-Glass run channels
-Insulators for electrical parts
-Lamp packing seals
-Door hole seals
Products for Convertible Type
- Convertible header weatherstrips
- Convertible roof-side weatherstrips
- Door mounted weatherstrips
|Apr. 1949||The company was founded.|
|Dec. 1952||Established Osaka office in Higashi District (currently, Chuo District).|
|Dec. 1954||Established Tokyo Office in Minato-ku, Tokyo.|
|Dec. 1961||Established Nagoya office in Naka-ku, Nagoya.|
|Mar. 1963||Established Shiraki plant in Hiroshima.|
|Mar. 1964||Established Nishikawa Living Co., Ltd. (currently a consolidated subsidiary)|
|Feb. 1967||Nishikawa Bussan Co., Ltd. (currently a consolidated subsidiary)|
|Oct. 1967||Established a Fukuoka sub branch in Fukuoka city. (currently Fukuoka sales office)|
|Oct. 1968||Established Asa plant in Asakita-ku, Hiroshima city, Hiroshima pref.|
|Jun. 1969||Transferred the site of the Nagoya office to Kariya city, Aichi pref.|
|Sep. 1970||Transferred the site of the Tokyo office to Shinagawa-ku, Tokyo.|
|Oct. 1972||Established Toyohira Nishikawa Co., Ltd. (currently a consolidated subsidiary)|
|Nov. 1972||Established Nishikawa Rika Co., Ltd. (currently a consolidated subsidiary)|
|Mar. 1973||Established Hamamatsu sub branch in Hamamatsu city, Shizuoka pref.|
|Sep. 1978||Capital participation in Ushiroyama Kako Co., Ltd. (currently a consolidated subsidiary)|
|Aug. 1980||Set up Yoshida plant in Yoshida-machi, Takada-gun, Hiroshima pref.|
|Feb. 1983||Established Seiwa Logistics Co., Ltd. (currently a consolidated subsidiary)|
|Jan. 1985||Capital participation in Kyoei Rubber Inc. (currently a consolidated subsidiary, Ohasa Nishikawa Co., Ltd.)|
|Jul. 1985||Established Seiwa Industry Co., Ltd. (currently a consolidated subsidiary)|
|Sep.1986||Established Nishikawa Standard Co., Ltd. in the USA as a joint venture with The Standard Products Company (currently Cooper Tire and Rubber Company)|
|Mar. 1989||Established Nishikawa of America Inc. (currently a consolidated subsidiary) in the USA. Nishikawa Standard Co., Ltd was formed into a joint venture with a subsidiary of The Standard Products Company.|
|Feb. 1990||Established Mihara plant in Mihara city, Hiroshima pref.|
|Jun. 1991||Established Nishikawa Rubber Yamaguchi Co., Ltd. (currently a consolidated subsidiary)|
|Nov. 1991||Listed on the Hiroshima Stock Exchange.|
|Oct. 1993||Established Nishikawa Engineering of America Inc. in Dearborn city, Michigan.|
|Aug. 1995||Established a joint venture company, Nishikawa Tachaplalert Rubber Company Ltd., with International Rubber Parts Co. of Thailand and Marubeni Co., Ltd. (currently, a consolidated company).|
|Aug. 1998||Established European office in Birmingham, England.|
|Mar. 2000||Listed on the Second Section of the Tokyo Stock Exchange. (Hiroshima Stock Exchange merged with the Tokyo Stock Exchange)|
|Dec. 2001||The Company established Shanghai Nishikawa Sealing Co., Ltd., a wholly owned subsidiary, in Shanghai, China.|
|Apr. 2002||Established Nishikawa Design Techno Co., Ltd. to Nishi-ku Hiroshima city. (currently a consolidated subsidiary)|
|Reorganized the Fukuoka branch office into the Yamaguchi branch office.|
|Established Guangzhou Nishikawa Sealing System Co., Ltd. in Guangzhou, China. It is a consolidated subsidiary.|
|May 2005||-Ushiroyama Chemical was renamed to Nishikawa Big Ocean.
(Ushiroyama Chemical took over sales activities of the automotive parts business divisions at Seiwa Industry and Toyohira Nishikawa, and a part of the sales functions at Ooasa Nishikawa, after merging and absorbing these operations. As a result, the company adopted its new name.)
-Ooasa Nishikawa changed its corporate name to Nishikawa Big Well as a result of merging and absorbing the sales activities of the automotive parts business division at Nishikawa Ihara.
- Nishikawa Rubber merged and absorbed the equipment design and production business divisions of Ihara Nishikawa. As a result, Ihara Nishikawa was dissolved.
|May 2005||Established Nishikawa Rubber (Shanghai) Trading Co., Ltd.|
|Nov. 2005||Nishikawa Rubber merged Nishikawa Rika into its operations, thus dissolving Nishikawa Rika.|
|Mar. 2007||Closed Seiwa Kogyo Hirakata Plant.|
|Apr. 2007||Merged Nishikawa Kasei Co., Ltd. (then equity method affiliate) with G.P. Daikyo Company and renamed Nishikawa Kasei, a surviving company, to Daikyo Nishikawa Co., Ltd. (now equity method affiliate)|
|Jul. 2007||Nishikawa of America Inc. merged with Nishikawa Engineering of America Inc.. Nishikawa Engineering of America was dissolved.|
|Jan. 2008||Nishikawa Bussan merged with Natulove Co., Ltd.. Natulove Co., Ltd. was dissolved.|
|Mar. 2008||Nishikawa Standard Company was changed to a Limited Liability Company (LLC), which is currently a subsidiary under the equity method of accounting.|
|Mar. 2011||-Nishikawa Bussan Co., Ltd. established Nishikawa Bussan Korea LLC in Gimhae City, Korea. The company is currently a consolidated subsidiary.
-The Company made an additional investment in Nishikawa Standard Company LLC, changing its name to Nishikawa Cooper LLC and making it its consolidated subsidiary.
-The Company transferred part of the shares it had held in Nishikawa Tachaplalert Rubber Co., Ltd. to Cooper Standard Automotive Inc.
|Apr. 2012||Nishikawa Big Ocean absorbed the operations of Nishikawa Big Well, dissolving Nishikawa Big Well as a company.|
|Jan. 2013||Established PT. Nishikawa Karya Indonesia in West Java, Indonesia. (Current consolidated company)|
|Apr. 2014||Nishikawa Bussan Co., Ltd., as the surviving company, absorbed Seiwa Kogyo Co., Ltd., which will be dissolved as a result of this merger.|
|Nov. 2014||Nishikawa Cooper Mexico S.A. de C.V. changed its name to Nishikawa Sealing Systems Mexico S.A. de C.V.|
Nishikawa Sealing Systems Mexico S.A. de C.V. absorbed Nishikawa Management Service S.A. de C.V. into its own operations. Nishikawa Management Service was dissolved.
|Jun. 2015||ALP Nishikawa Co., Ltd. was renamed to ALP Nishikawa Co., Pvt. Ltd.|
|Feb. 2019||Established Hubei Nishikawa Sealing Systems Co., Ltd. in Xiaogan, China. (Current consolidated company)|
Supplemental Information 1
>>>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
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)