Ikuyo Co., Ltd.

Company Profile

■URL

http://www.ikuyo194.co.jp

■Address

3019, Kamiechi, Atsugi-shi, Kanagawa-ken, 243-0801, Japan

Business Overview

-As a manufacturer of synthetic resin products for interior and exterior automotive components, the Company makes weather-stripping, trim covers, radiator grilles, etc.

-The Company also manufactures and sells dies.

-The Company's major customers are Mitsubishi Motors Corporation and Mitsubishi Fuso Truck and Bus Corporation.

Financial Overview

-The Company’s financial results for the fiscal year that ended in March 2017 are as follows.
Consolidated sales: JPY 10,341 million (13.1% decrease year-over-year)
Operating income: JPY 497 million (43.9% decrease year-over-year)
Ordinary income: JPY 512 million (44.0% decrease year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 346 million
(60.4% decrease year-over-year).

The following is the sales breakdown by product segment:

  • Automotive interior products: 29%
  • Automotive exterior products: 67%

Shareholders

-Listed on the second section of the Tokyo Stock Exchange. (As of Mar. 31, 2017)
Name or Company Name Investment ratio (%)
Nitto Co., Ltd. 32.60
Individual shareholder 13.22
Yaizu Body Industry Co., Ltd. 3.70
Individual shareholder 2.44
Matsui Securities Co., Ltd. 2.26
Cleanup Corporation 2.11
Kibun Foods ,Inc. 1.99
Sumitomo Mitsui Banking Corp. 1.68
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. 1.62
Rakuten Securities, Inc. 1.34
Total 62.98

Products

Automobile parts
-Weather-stripping
-Rubber seals
-Floor mats

Interior products for automobile use
-Front pillars
-Column covers
-Front side trim
-Scarf plates
-Rear consoles
-Front consoles
-Roof rail trim
-Center trim
-Rear pillars
-Headlining trim
-Trunk side trim
-Trunk end trim
-Door trims
-Center trim lower
-Rear wheel house trim
-Glove boxes
-Meter hoods
-Side panels
-Instrument panels

Exterior products for automobile use
-Front bumpers
-Radiator grilles
-Radiator fans
-Front spoilers
-Head lamp covers
-Air scoops
-Cowl grilles
-Rear spoilers
-License plate garnish
-Rear bumpers
-Over fenders
-Side air dam
-Door handles
-Delta covers

History

May, 1947 Founded under the name of Ikuyo Shokai Co., as a manufacturer and seller of rubber products for automobile windows.
Sep. 1951 Arakawa Factory founded, commenced manufacture of automobile window rubber products for Ikuyo.
Jan. 1955 Changed its corporate name to Ikuyo Chemical Industries
Dec. 1959 Manufacture of formed resin products commenced.
Jan. 1962 The headquarters was moved to Tokyo.
Dec. 1964 Manufacturing operations moved to Atsugi, Kanagawa Pref., name changed to Atusgi Factory.
Feb. 1969

Established the Mizushima factory (now called the Okayama factory) in Okayama Prefecture

Jun. 1969 Acquired Fuji Kinzoku Toko Co., Ltd. and changed its name to Ikuyo Toko, Co., Ltd.
Sep. 1972 Moved corporate headquarters to Kanagawa
Apr. 1974 Name changed to Ikuyo Co., Ltd.
Oct. 1977 Nagoya Representative Office closed and Okazaki Factory founded.
Dec. 1979 Ikuyo Works Co., Ltd, founded.
Sep. 1981 Ikuyo Trading Co., Ltd. founded.
Apr. 1984 Aikei Mold Co., Ltd. founded.
Jul. 1987 Mizushima Factory moved, name changed to Okayama Factory.
Jul. 1987 Head office moved to present location in Shibuya Ward, Tokyo.
Jun. 1988 Founded Kyoto office.
Jul. 1989 Hiroshima Office founded.
Aug. 1989 Nagoya Factory moved.
May, 1993 Yamaguchi Hikari Factory founded.
Aug. 1995

Company's stock listed on OTC of the Japan Securities Dealers' Association.

Aug. 1996

Founded Ikuyo America Corporation.

Aug. 1996

Founded Usi, Inc.

Mar. 1997

Listed on the second section of the Tokyo Stock Exchange

Jul. 1997

Founded the Second Nagoya factory in Aichi Prefecture

Sep. 1998

Ceased operation of the Kyoto office

Sep. 1999

Founded the Vivante factory inside the Atsugi factory.

Jan. 2000

Ikuyo America Corporation merged with Usi, Inc.
Now doing business as USA Incorporated.

Apr. 2001 Ikuyo Works Co. and Ikuyo Toko Co. were acquired by Ikuyo Co.
Mar. 2002 Ikuyo Wood Plant closed.
Aug. 2007 The headquarters was moved to Kanagawa.
Oct. 2008 Established Ikuyo Technology Development Laboratory Co., Ltd.
Oct. 2009 Absorbed Ikuyo Technology Development Laboratory Co., Ltd.
Mar. 2011 Sold off all the shares it held in USI Inc.
Sold Yamaguchi Hikari Plant.
Nitto Co., Ltd., the Japan unit of China-based Dalian Nitto Plastic Molding Co., Ltd., acquired 30% of the Company’s share.
Apr. 2012 Merged the operations of IK Mold Co. Ltd. into its own operations.
Apr. 2013 Established PT. Ikuyo Indonesia in Indonesia.

Supplemental Information 1