Pacific Industrial Co., Ltd.
Company Profile
Business Overview
-The Company is a leading manufacturer of tire valves and valve cores, with an approx. 100% share of the domestic market, and over a 50% share of the global market, according to the Company.
-The Company has operations in tire valves, stamping and resin products, controlling devices and TPMS (Tire Pressure Monitoring System) markets.
TPMS Legislation by Region/Country
-The Company started delivering TPMSs to Korean OEMs from January 2018. Following the decision by China to establish applicable laws, the Company set up operations in three locations, namely Japan, the USA, and China.
| Region/Country | From |
| North America | Sep. 2007 |
| Europe | Nov. 2012 |
| Korea | Jan. 2013 |
| Taiwan | Nov. 2014 |
| Russia | Jan. 2016 |
| The Middle East | 2017 new model |
| China | Jan. 2019 |
| Japan | Under deliberation |
Shareholders
| -Listed on the First Section of the Tokyo Stock Exchange and the Nagoya Stock Exchange. | (As of Mar. 31, 2021) |
| Name or Company Name | Investment Ratio (%) |
| Custody Bank of Japan, Ltd. (Trust Account) | 9.25 |
| The Master Trust Bank of Japan, Ltd. (Trust Account) | 5.88 |
| MUFG Bank | 4.39 |
| Ogaki Kyoritsu Bank, Ltd. | 4.38 |
| The Juroku Bank, Ltd. | 4.29 |
| Nippon Life Insurance Company | 3.86 |
| The Dai-ichi Mutual Life Insurance Company | 3.85 |
| Customer share holding commission | 3.41 |
| PEC Holdings Corporation | 3.25 |
| Giken Co., Ltd. | 3.10 |
| Total | 45.71 |
Products
TPMS: Tire Pressure Monitoring Systems
-TPMSs for passenger cars
Stamping parts and molding resin parts
-Body parts
- Center pillar reinforcement
- Back door opening frames
- Hood lock hook reinforcement
- Front side member reinforcement
- Aluminum back door reinforcement
- Brackets for package tray
-Functional parts
- Hood hinges
- Trunk hood hinges
- Battery cases for hybrid vehicles
- Blower assemblies
- High-precision stamping products
-Engine peripheral products
- Oil pans
- Iron engine under covers
- Plastic engine under covers
- Engine covers
- Oil pan covers, Timing chain covers
-Exterior components
- Wheel caps
- Cap center ornaments
- Outside door handles
- Number frames
- Spare tire covers
- Bumper protectors
-Interior components
- Glove boxes
- Cover door trim
- Console boxes
- Accelerator pedals
- Footrests
Tire valve products
-Valve cores
-Tire valves
- -Tube valves
- -Tubeless valves
Control devices products
-Charging valves for car air conditioner
-Relief valves for car air conditioner
-Check valves for diesel engine
History
| Aug. 1930 | Established by Soichi Ogawa as Pacific Industrial partnership in Goden Town, Ohgaki City and started manufacturing automobile valve cores. |
| Apr. 1938 | Incorporated and established Minami Ohgaki plant in Miwa Town, Ohgaki Cityto manufacture aircraft and automobile tire valves, valve cores and other products. |
| Aug. 1946 | Started manufacturing automobile stamped products. |
| May 1953 | Purchased Pacific Commerce Corporation. |
| Nov. 1960 | Established Nishi-Ohgaki plant in Kyutoku-cho, Ohgaki City. |
| Oct. 1961 | Established an affiliate company, Pacific Engineering Corp. (currently, a company applicable to the equity method). Started manufacturing rivets, auto fuses, etc. |
| Nov. 1962 | Listed on the Second Section of the Nagoya Stock Exchange. |
| Oct. 1963 | Listed on the Second Section of the Tokyo Stock Exchange. |
| Nov. 1963 | Relocated its headquarters to Kyutoku-cho, Ohgaki City. |
| Aug. 1970 | Listed on the First Sections of both the Tokyo and Nagoya Stock Exchanges. |
| Apr. 1972 | Established an affiliate company, Pacific Development Co., Ltd. (current consolidated company) |
| Sep. 1972 | Established Kita-Ohgaki plant in Godo-Cho, Ampachi-Gun, Gifu Prefecture. Tire valve and valve core manufacturing divisions were relocated from Minami-Ohgaki plant. |
| Dec. 1974 | Established an affiliate company, Pacific Industry Co., Ltd. (current consolidated company). Took over of Pacific Development Co., Ltd.`s business. |
| Mar. 1977 | Started manufacturing automobile air conditioners and refrigerant-control equipment for household air conditioners. |
| Sep. 1977 | Established Mino plant in Mino City, Gifu Prefecture. Transferred part of the tire valve and valve core manufacturing divisions. |
| Sep. 1982 | Established Yohroh plant in Yohroh-Cho, Yohroh-Gun, Gifu Prefecture to manufacture stamping dies. |
| June 1984 | Established a joint venture, Pacific Value (Taiwan) Co., Ltd. (current consolidated company) in Taiwan. |
| May 1987 | Established a joint company, Pacific Valve Industrial Co., Ltd. (current consolidated company) in Korea.. |
| July 1988 | Established Pacific Industries USA Inc. (current consolidated company) in Ohio, USA |
| Ma. 1989 | Established an affiliate company, Pacific Industries (Thailand) Co., Ltd. (current consolidated company) |
| Apr. 1990 | Established an affiliate company, Ogaki Industries (Taiwan) Co., Ltd., in Taiwan. |
| Nov. 1990 | Established Higashi-Ohgaki plant in Higashi-Ohgaki, Gifu Prefecture. Transferred the resin products division. |
| Feb. 1991 | Established Yohroh second plant in Yohroh-Gun, Gifu Prefecture. Transferred part of the stamping and resin products division. |
| May 1994 | Closed Minami-Ohgaki plant. Relocated the electric equipment manufacturing division to Kita-Ohgaki plant, and the stamped and resin product manufacturing division to Higashi-Ohgaki plant. |
| Apr. 1997 | The Company's affiliate, Pacific Value (Taiwan) Co., Ltd., merged with another affiliate, Ogaki Industries (Taiwan) Co., Ltd. |
| July 1999 | Established Pacific Industries Air Controls Inc. and Pacific Manufacturing Ohio Inc. (current consolidated company). Holding company was the Company's affiliate, Pacific Industries USA Inc. Manufacturing and sale of valves for tires was transferred to Pacific Industries Air Controls. |
| Oct. 2000 | Established a joint venture, Qingdao Pacific Hongfeng Industrial (China) Co., Ltd. (current consolidated company) in China. |
| Jan. 2001 | Started sales of direct tire pressure monitoring systems. |
| Feb. 2001 | Established a joint venture, Takumi Stamping Inc. (current equity method affiliated company). |
| Aug. 2001 | Built a head quarters building in Kyuutokucho, Ohgaki City. |
| Sep. 2004 | Pacific Valve Industrial Co., Ltd. (Korea) established Pacific Air Control Industrial Co., Ltd. (current non-consolidated company) in Korea |
| Apr. 2005 | The Company established Tianjin Pacific Auto Parts Co., Ltd. (current consolidated company) in China. |
| Dec. 2006 | The Company built the No. 3 facility at its Higashi Ogaki Plant, and started manufacturing stamping parts and resin products at this new building. |
| Jan. 2007 | The Company established its Kyushu Plant in Kurate-Gun, Fukuoka Prefecture, transferring part of its stamping components divisions and resin product division to the new facility. |
| Apr. 2007 | The Company's affiliate, Pacific Manufacturing Ohio Inc., merged with another affiliate, Pacific Industries Air Controls Inc. |
| Sep. 2007 | Made Pacific Air Control Industrial Co., Ltd. its directly owned subsidiary, through undertaking a capital increase. |
| May 2008 | Expanded Higashi Ogaki No.3 Plant to add stamping, welding and paint lines for oil pan production. |
| Nov. 2008 | Expanded Kyushu Plant to add stamping and welding lines. |
| Mar. 2009 | Acquired all shares of Juji Kogyo Co., Ltd. turning it into its subsidiary (current non-consolidated subsidiary) |
| May 2010 | Established Tohoku Plant in Kurihara City, Miyagi Pref. Transferred part of the Company’s stamping/resin products business to the new plant. |
| Sep. 2010 | Juji Kogyo Co., Ltd. was merged into Taiheiyo Sangyo Co., Ltd. |
| Nov. 2011 | Established Changsha Pacific Hanya Auto Parts Co., Ltd. (currently a consolidated subsidiary) through a joint venture. |
| Nov. 2011 | Sold off the financial stake in its affiliated company Qingdao Pacific Hongfeng Industrial Co., Ltd. |
| Mar. 2012 | Approved establishing two affiliated companies at its board of directors meeting: Pacific Industries Europe NV/SA in Belgium, and Pacific Industries China Corporation. |
| May 2012 | Established Pacific Industries Europe NV/SA in Belgium. |
| Jun. 2012 | Established Pacific Industries China Corporation in China. |
| Jun. 2014 | Established Pacific Industries China Corporation in China. |
| Jul. 2014 | Established Pacific Auto Parts Technology (Changshu) Co., Ltd. in China. |
| Jul. 2014 | Established Pacific Manufacturing Tennessee, Inc. in USA. |
| Nov. 2014 | Established Pacific Auto Parts (Thailand) Co., Ltd., a joint venture which is a consolidated subsidiary. |
| Sep. 2015 | Sold the shares in Taiheiyo Kouhatsu Inc, an affiliated company. |
| Aug. 2018 | Acquired all stock shares in August France Holding Company SAS and turned its subsidiary Schrader into a subsidiary (currently a consolidated subsidiary). |
| Aug. 2018 | Pacific Industries USA Inc. acquired all the stock shares of Schrader-Bridgeport International, Inc. and turned it into a subsidiary (currently a consolidated subsidiary). |
| Nov. 2020 | Merged Pacific Auto Parts (Thailand) Co., Ltd. into Pacific Industries (Thailand) Co., Ltd., which is the surviving company and currently a consolidated subsidiary. |
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
>>>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
Note: A figure in brackets ( ) indicates a loss