Jeco Co., Ltd.

Company Profile

■URL

http://www.jeco.co.jp/

■Address

1-4-1 Fujimi-cho, Gyoda City, Saitama Pref., 361-8511 Japan

Business Overview

-Produces automotive clocks, automotive motors, display equipment and other meters.
-More than 50% of the Company's total sales comes from Denso.

Financial Highlights

-In FY ended March 2016, consolidated sales were JPY 22,523 million (a 8.0% decrease on a year-over-year (y/y) basis), operating income was JPY 1,197 million (a 23.2% decrease y/y), ordinary income was JPY 1,080 million (a 39.4% decrease y/y), and net income attributable to owners of the parent was JPY 476 million (a 63.8% decrease y/y).

Shareholders

-Listed on the second section of the Tokyo Stock Exchange. (As of Mar. 31, 2016)
Name or Company Name Investment Ratio (%)
Denso Corp. 35.20
Toyota Motor Corp. 15.39
UBS AG LONDON A⁄C IPB SEGREGATED CLIENT ACCOUNT 2.57
Customers share holding commission 2.27
Aisin Seiki Co., Ltd. 2.22
SECOM General Insurance Co., Ltd. 2.20
Nippon Life Insurance Co. 1.98
Employees Stockholding 1.69
Kita Aichi Lease Co., Ltd 1.31
Kiyosato Chuo Camp Ground Corporation 1.13
Total 66.02

Products

Displays
-Clocks
-Multi displays
-Indicators
-Combination-meters
-Air conditioner panels

Motors
-Electronic throttle motors
-Corner poles
-Corner view cameras

Sensors
-Current sensors
-G sensors
-Inclination sensors
-Direction sensors

History

Feb. 1952 Established as Japan Vacuum Clock Co., Ltd. to produce and sell radio-controlled vacuum clocks.
Set up the headquarters in Marunouchi, Chiyoda-ku, Tokyo.
Dec. 1954 Invented precision small motors for clocks.
Started production and sales of motorized wall clocks.
Also started production and sales of motorized clocks for automobiles.
Jun. 1955 Changed the name of the Company to Japan Electric Clock Co., Ltd.
Aug. 1955 Set up a headquarters and factory in Naka-meguro, Tokyo.
Feb. 1959 Established Gyoda factory in Gyoda city, Saitama.
Mar. 1962 Established Tamagawa factory in Hisachi, Kawasaki, Kanagawa
Dec. 1962 Listed on the 2nd Section of the Tokyo Stock Exchange
Jul. 1963 Became Jeco Co., Ltd. as the result of a merger for the purpose of changing the par value of one share from 500 yen to 50 yen.
Oct. 1964 Started production and sales of tuning-fork wall clocks.
Jul. 1969 Set up a marketing office in Ueno, Tokyo.
Jun. 1970 Established Nagano Jeco Co., Ltd. as an automotive clock assembly factory.
Oct. 1970 Started production and sales of tuning-fork automotive clocks.
Nov. 1971 Established Kanagawa Plastic Co., Ltd. as a plastic molding factory.
Sep. 1972 Established Niigata Jeco Co., Ltd. as a precision small motor assembly factory.
Sep. 1972 A large stockholder moved from Kurare to Toyota.
Dec. 1972 Moved the headquarters to the site of the Tamagawa factory.
Mar. 1973 Started production and sales of quartz automotive clocks
Mar. 1976 Started production and sales of quartz wall clocks
Sep. 1980 Moved marketing office to Kanda, Tokyo
Sep. 1985 Moved the headquarters to the site of the Gyoda factory.
Apr. 1990 Started operation of Niigata Jeco as a factory for automotive motor assembly and component processing
May, 1994 Established Jeco Sweden (currently Jeco Europe) in Sweden to sell automotive equipment.
Dec. 1995 Established Jeco Auto Parts Philippines Inc. to produce and sell automotive clocks.
Jun. 2002 Closed the Tamagawa Office and integrated the production into the Headquarters' plant.
Jul. 2002 Denso became the Company's largest shareholder, replacing Toyota motor.
Nov. 2005 Established Dongguan Jeco Co., Ltd. in China to manufacture and sell automotive clocks.
Nov. 2008 Liquidated Kanagawa Jushi Co., Ltd.
Feb. 2009 Liquidated Niigata Jeco Co., Ltd.

Supplemental Information 1