Oiles Corporation

Company Profile

■URL

https://www.oiles.co.jp/en/

■Address

8 Kirihara-cho, Fujisawa-shi, Kanagawa 252-0811, Japan

Business Overview

-Japan's largest self-lubricating bearing manufacturer. Oilless bearing share Rack bushings 65% of global market share (according to the company's research)

-Consists of three business segments:

Bearing Division
Structural Division
Architectural Division

-The Company’s automotive bearings are used in bushes for steering systems, powertrain systems, control systems, and suspension systems.

Business Results Highlights

-The Company’s financial results for the fiscal year that ended in March 2023 are as follows.
Consolidated sales: JPY 62,882 million (5.1% increase year-over-year)
Operating income: JPY 5,056 million (13.7% decrease year-over-year)
Ordinary income: JPY 5,730 million (12.0% decrease year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 4,132 million (4.5% decrease year-over-year)

Shareholders

-Listed on the Prime Market of the Tokyo Stock Exchange

(As of Mar. 31, 2023)

Name or Company Name	Investment ratio (%)
Tokyo Small and Medium Business Investment & Consultation Co., Ltd.	9.43
The Master Trust Bank of Japan, Ltd.	8.06
Mizuho Bank, Ltd.	3.81
Nippon Life Insurance Company	3.08
Individual shareholder	2.64
Oiles East Japan Mutual Prosperity Association	2.47
Individual shareholder	2.29
Employee shareholding	2.23
MUFG Bank, Ltd.	1.80
Gunei Chemical Industry Co.,	1.68
Total	37.49

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Products

Oil-less bearings
Steering system
-Rack guide; Support yoke bearings
-Ball seats
-Rack bushings

Powertrain system
-Tensioner bushings
-Damper pulley bushings / washers
-Compressor bushings

Control system
-MT control bushings
-Solenoid bushings

Suspension system
-Plastic thrust bearings; PS bearings
-Ball seats

Body system
-Trunk hinge bushings
-Hood hinge bushings
-Door hinge bushings
-Seat height adjuster bushings

Seat dampers

Variable hysteresis generating devices for pedal

Electric Water Pump
-Thermosetting resin beaings

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History

Apr. 1939	Established as Nippon Oiles Bearing Kenkyujo in Chuo, Ota-ku, Tokyo.
Apr. 1939	Started manufacturing and sales of self-lubricating bearings.
Mar. 1952	Incorporated as Nippon Oiles Bearing Kenkyujo with capital of 1 million yen.
Feb. 1954	Opened the Kamata Plant in Ota-ku, Tokyo.
Dec. 1958	Renamed Oiles Corp.
Mar. 1995	Established Menshin Engineering Co., Ltd.
Sep. 1997	Listed on the first section of the Tokyo Stock Exchange.
Feb. 1998	Obtained ISO9002 quality assurance system certification.
Mar. 1998	Opened the Quake-Absorbing & Damping Technology Center in Ashikaga Plant.
Oct. 1998	Established Shanghai Oiles Bearing Inc. in China.
Nov. 1999	Obtained ISO9001 certification.
Mar. 2000	Obtained ISO14001 certification.
Dec. 2001	Liquidated Skellerup Oiles Seismic Protection, LLC.
Apr. 2002	Changed the name of the affiliated company "Kiso" to "Oiles-east Co., Ltd".
Apr. 2002	Established Oiles (Thailand) Company Limited in Thailand.
Jun. 2003	Established Oiles Czech Manufacturing s.r.o. (currently a consolidated subsidiary) in the Czech Republic.
Sep. 2003	Gained a 55% ownership in Shanghai Oiles Bearing Inc. through direct investment (Previously the Company had held 55% of the shares indirectly.)
Mar. 2004	Oiles America Corporation established Oiles Canada Corporation (currently a consolidated subsidiary) in Canada.
Jun. 2004	Changed the company name of Oiles Tribomet Gleitelemente GmbH to Oiles Deutschland GmbH (currently a consolidated subsidiary)
Oct. 2004	Relocated its head office to Hamamatsu-cho, Minato-ku, Tokyo.
Oct. 2004	Acquired additional shares of Riko Kihara Co., Ltd.-now its consolidated subsidiary-raising Oiles's ownership ratio from 50.7% to 85.5%.
Apr. 2005	Established Oiles Suzhou Corporation in China.
Jun. 2005	The Company sold part of the shares it held in Taiwan Oiles Industry Co., Ltd. Its voting rights of the Taiwanese company were changed from 55.0% to 10.0%.
Jun. 2005	Acquired additional shares of Shanghai Oiles Bearing Inc., raising Oiles's voting rights from 55.0% to 90.0%.
Aug. 2005	Acquired additional shares of Luby Corporation, raising Oiles's voting rights from 48.0% to 78.8%.
Sep. 2005	Established Oiles France SASU in France.
Aug. 2006	Obtained additional shares of Towa Denki Co., Ltd. by conducting a share swap. This increased the Company's voting rights percentage from 54.5% to 100%.
Apr. 2007	Unipla Corporation, which is a consolidated subsidiary of the Company, and Towa Denki Co., Ltd. merged with Unipla, which became the surviving company.
Oct. 2010	Acquired additional shares of stock in OK Industries, Ltd., including it in its consolidated financial statements.
Jan. 2011	Merged Oiles USA Holding Incorporated and Oiles America Corporation as Oiles USA Holding the surviving company. It thereby formed a new company, Oiles America Corporation, which is now a consolidated subsidiary of the Company.
Mar. 2011	Established Oiles Self Lubricating Bearings Manufacturing Private Limited in India, which is now a consolidated subsidiary of the Company.
Dec. 2011	Liquidated Oiles Canada Corporation.
Apr. 2012	Renamed Oiles Self Lubricating Bearings Manufacturing Private Limited to Oiles India Private Limited. (The company is a consolidated subsidiary.)
Oct. 2013	Taihei Co., Ltd. transferred some of its business operations to Oiles East Japan Sales Company, which then changed its name to Oiles West Japan Sales Co., Ltd. (currently a consolidated subsidiary).
May 2015	Acquired the remaining stake in Riko Kihara Co., Ltd. and converted it into its wholly owned subsidiary.
Apr. 2017	Acquired the remaining stake in Luby Corporation and converted it into its wholly owned subsidiary.
Dec. 2017	Acquired the remaining stake in Unipla Corporation and converted it into its wholly owned subsidiary.
Jan. 2018	Established Oiles Brasil Eireli in Brazil, which is now a consolidated subsidiary of the Company.
Mar. 2019	Acquired the remaining stake in OILES NISHI NIHON HANBAI CO.,LTD. and converted it into its wholly owned subsidiary.
Apr. 2022	Moved to the Prime Market of the Tokyo Stock Exchange in line with the TSE’s reorganization in April 2022.