Aska Corporation

Company Profile

■URL

http://www.aska.co.jp

■Address

11 Higashifukito, Ichiriyama-cho, Kariya-shi, Aichi-ken, 448-0002, Japan

Business Overview

-The Company conducts its main business in three operating segments: Automotive Components Division; Switch Board Division; and Robotic System Division.

Financial Overview

-In FY ended November 2016, the Company generated consolidated sales of JPY 20.13 billion, which was a 5.5% increase on a year-over-basis (y/y). The Group's operating profit was JPY 494.62 million (a 33.8% increase y/y), ordinary profit was JPY 375.91 million (a 45.87% increase y/y), and net income (attributable to owners of parent company) was JPY 155.51 million (an 222.4% increase y/y).

-Major products of its automotive component division include body parts, chassis components, and engine components. Sales of auto parts accounted for approximately 65.2% of the Company's overall sales for FY ended Nov. 30, 2016.

Shareholders

-Listed on the second section of the Nagoya Stock Exchange. (As of Nov. 30, 2016)
Shareholders Investment Ratio (%)
Katayama Corporation 18.36
Nichias Corporation 16.24
Individual shareholder 4.96
Sumitomo Mitsui Banking Corp. 4.92
Employees stockholding 3.41
Mizuho Bank, Ltd. 2.97
The Bank of Tokyo-Mitsubishi UFJ, Ltd. 2.62
The Aichi Bank, Ltd. 2.51
The Shoko Chukin Bank, Ltd. 1.99
The Mie Bank, Ltd. 1.99
Total 60.01

Products

Floors
Center pillars
Roof rails
Hoods
Spare tire carriers
Spring housings
Battery cases for hybrid vehicles
Center members
Suspension arms
Mufflers
Fan shrouds
Radiator supports
Engine mounts
Heat insulators

History

1953 Originally established as Katayama Industry Co., Ltd., with the aim of manufacturing and selling general metal products and automotive sheet metal parts in Iseyama, Nakaku, Nagoya City, where the present headquarters is registered.
1954 Started doing business with New Mitsubishi Heavy Industries, Ltd. (currently Mitsubishi Heavy Industries Co., Ltd. and Mitsubishi Motors Corporation Co., Ltd.)
Started doing business with Aichi Machine Industry Co., Ltd.
Started doing business with Toyo Rayon Co., Ltd. (currently Toray Co., Ltd).
1959 Established Minamihama Factory in Atsuta-Higashimachi, Mizuho, Nagoya City, to produce sheet metal parts.
1963 Started doing business with the Matsushita Electric Works, Ltd. Co., Ltd.
1964 Established Fujimatsu Factory in Kariya, Aichi Prefecture, to produce medium-sized sheet metal parts.
1969 In an effort to integrate the organization, the company closed the Minamihama Factory and transferred the production department to the Fujimatsu Factory. At the same time the Fujimatsu Factory was renamed as the main factory.
1985 Established the Kouda Factory to produce large-sized sheet metal parts in Kouda-cho, Nukata-gun, Aichi Pref.
1988 Acquired Nishiyama Industry, a thick material stamping company, and established a subsidiary ASKA industrial Co., Ltd.
1989 Based on a joint-venture agreement, the company invested in Jeil Kiyeon Co., Ltd, a newly-established tool and die production company in South Korea.
1992 Changed its trade name to ASKA Corporation.
1994 Commenced production of automotive mufflers.
1996 Added welding assembly shop and office building within the Kouda Factory.
1997 Listed on the second section of the Nagoya Stock Exchange.
2000 Transferred the headquarters to Kariya City, Aichi Pref.
2002 Completed liquidation of Aska Industrial Co., Ltd.
2004 Established Aska Engineering Corporation as its subsidiary in the U.S.A.
2005 Stamping shop newly established in the headquarters plant.
The Company established A.K. of West Virginia Corporation, an affiliate, in the U.S.A.
2007 Established Aska USA Virginia Corporation in the U.S.A.
Set up a new plant in Takahama City, Aichi Prefecture, Japan.
Sold off A.K. of West Virginia Corporation located in the U.S.A.
2012 Established PT. Auto Aska Indonesia in Indonesia.

Supplemental Information 1