Jeco Co., Ltd.
-Produces automotive clocks, automotive motors, display equipment and other meters.
-More than 50% of the Company's total sales comes from Denso.
-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).
|-Listed on the second section of the Tokyo Stock Exchange.||(As of Mar. 31, 2016)|
|Name or Company Name||Investment Ratio (%)|
|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|
|Kita Aichi Lease Co., Ltd||1.31|
|Kiyosato Chuo Camp Ground Corporation||1.13|
-Air conditioner panels
-Electronic throttle motors
-Corner view cameras
|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
>>>FY ending Mar. 31, 2008 Business report
>>>FY ending Mar. 31, 2009 Business report
>>>FY ending Mar. 31, 2010 Business report
>>>FY ending Mar. 31, 2011 Business report
>>>FY ending Mar. 31, 2012 Business report
>>>FY ending Mar. 31, 2013 Business report
>>>FY ending Mar. 31, 2014 Business report
>>>FY ending Mar. 31, 2015 Business report
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
Note: A figure in brackets ( ) indicates a loss