SHIROKI Corporation

Company Profile

■URL

http://www.shiroki.co.jp/english/index.html

■Address

35-1, Shimono Ichiba, Chigiri-cho, Toyokawa City, Aichi Prefecture, 442-8501, Japan

Business Overview

-The Company manufactures functional parts used in automotive interiors and car exterior products.

-The Company's main products are seat recliners, adjusters, window regulators, door locks (functional interior parts), door sashes and moldings (car exterior parts).

Recent Business Developments

-As a result of a business unification with Aisin Seiki Co., Ltd. announced in July 2017, the Company is in the process of reorganizing its production operations in Japan. The reorganization is scheduled to be completed in FY 2017. 

-Aisin Seki Co., Ltd. became Shiroki Corporation’s parent company in December 2015, which is the result of Aisin Seiki’s completing a stock transfer of Shiroki’s stock. As this transaction will officially go into effect in April 2016, Shiroki will be delisted from the stock market on March 29, 2016.



Mid-term Management Plan and Long-term Vision

New Mid-term Management Plan: Rolling Plan
-Financial targets for the fiscal year ending in March 2017
Sales: JPY 140.0 billion
Operating profit margin: 5%

Long-term Vision: Shiroki Vision 2021
-Financial targets for the fiscal year ending in March 2022
Sales: JPY 200.0 billion
Operating profit margin: 5%
Percentage of sales generated outside Japan: 50%

Shareholders

(As of Apr. 1, 2017)
Name or Company Name Investment Ratio (%)
Aisin Seiki Co., Ltd. 100.00
Total 100.00

Products

Seat recliners and Seat adjusters
Comfortable seats
Rear compartment folding seats
Built-in seats
Six-way manual seats
Eight-way power seats
Ten-way power seats

Window regulators
Single arm type window regulators
Wire type window regulators
Window regulators with a motor integrated with ECU
X-arm type window regulators
Super-lightweight guideless wire type window regulators

Door frames
Front door frames - Hidden type
Front door frames - Basic type
Rear door frames
Front door frames with belt reinforcement
Aluminum front door frames
Sliding door rails
Sliding door controls

Door locks and hinges
Fully open/half open sliding door stoppers
Powered opener type back-door locks
Powered locking type back-door locks
Powered close and open trunk locks
Hood locks
Door hinges
Door checks

Moldings
Door moldings
Belt moldings
Arch moldings
Roof moldings
Quarter window moldings

Inside door handles
Center pillar garnishes
Rear door corner covers
Quarter belt moldings

History

Mar. 1946 Established as Shiroki Kinzoku Kogyo Co., Ltd. with the head office and a factory in the Jujo Military Arsenal in Tokyo.
Oct. 1950 Moved its headquarters to Shinagawa-ward, Tokyo.
Jul. 1956 Ex-Nagoya Plant started operations. (This facility, which was located in Nagoya City, Aichi Prefecture, was integrated into the Toyokawa Plant in June, 1988).
Dec. 1959 Osaka Plant started operations. (This facility, which was originally located in Ikeda City, Osaka, was moved to Ibaraki City, Osaka in August 1977).
Nov. 1960 Toyota-City Plant started operations in Toyota-City, Aichi Prefecture. (This facility was renamed as Toyota Plant in February 1985).
Feb. 1964 Musashino Plant started operations in Musashimurayama City, Tokyo. This facility was renamed as Tokyo Plant in October 1969. Its operations were integrated into the Fujisawa Plant in December 1986.
Jan. 1967 Fujisawa plant started operations in Fujisawa City, Kanagawa Prefecture.
Headquarters were transferred to this facility.
May 1970 Listed on the 2nd Section of the Tokyo Stock Exchange
Oct. 1972 Listed on the 2nd Section of the Nagoya Stock Exchange
Aug. 1973 Listed on the 1st Section of both the Tokyo and Nagoya Stock Exchange.
Oct. 1980 The Toyokawa branch plant, located in Ichinomiya-cho, Hoi-gun, Aichi Pref., started operation. The plant was renamed as the Toyokawa plant in August 1981.
Sep. 1984 Established Shiroki Seiko Co., Ltd.
Dec. 1985 Established Shiroki Shoji Co., Ltd.
May 1986 Launched a two-headquarters system, which consists of the Yokohama headquarters and the Toyokawa headquarters.
Sep. 1986 Established the Toyokawa Technical Center.
Dec. 1986 Integrated the Tokyo Plant's operations into the Fujisawa Plant.
Mar. 1988 Established Shiroki-Wickes Corporation in Tennessee, U.S.A. Its corporate name was changed to SW Manufacturing, Inc. in December 1989 and then to Shiroki North America, Inc. in January 2007.
Jun. 1988 Integrated the Nagoya Plant's operations into the Toyokawa Plant.
Sep. 1988 Adopted a new corporate name, Shiroki Corporation.
May 1989 Established Shiroki USA Corp. in Michigan, U.S.A.
Apr. 1991 Nagoya Plant started operations in Toyota City, Aichi Prefecture.
Dec. 1993 Integrated Toyota Plant's operations into the Nagoya Plant, establishing the Toyota Production Division of the Nagoya Plant. (This facility is now called "Production Division 2").
Jun. 1995 Established SWM Georgia LLC in Georgia, U.S.A. (This company adopted a new name, Shiroki Georgia LLC, in January 2007)
Jul. 2000 Closed Yokohama headquarters and shifted to one headquarters at Toyokawa to improve efficiency of headquarters' functions.
Aug. 2001 Established Kyusyu Shiroki Corp. (currently a Consolidated Company)
Jan. 2002 Established Shiroki Thailand Co., Ltd. (currently a Consolidated Company)
Feb. 2002 Established Shiroki Brose Corp. in Toyohashi City, Aichi Prefecture. (This company was moved to Toyota City, Aichi Prefecture in 2005).
Oct. 2003 Established Guangzhou Shiroki Corp. in Guangzhou City, Guangdong Province, China. (Now a consolidated subsidiary)
Jun. 2005 Established SWM-GT LLC in Gordonsville, Tennessee, USA, which later was changed to Shiroki GT LLC in January 2007, becoming the Company's consolidated subsidiary
Dec. 2007 Integrated the Production section 3, Nagoya Plant into the Toyokawa Plant. This production unit was renamed as "Production section 4, Toyokawa Plant".
Dec. 2009 Consolidated Production Section 4 of the Toyokawa Plant into Production Section 3 of the same plant. The vacated plant was renamed Toyota Depot.
Mar. 2011 Changed the status of Matsumi Corporation into a consolidated subsidiary, from a subsidiary accounted for under the equity method.
Aug. 2011 Established P.T. Shiroki Indonesia in West Java, Indonesia.
Jul. 2012 Established Shiroki Asia Corporation Limited in Bangkok, Thailand.
Jul. 2013 Established Tohoku Shiroki Co., Ltd. in Japan.
Jul. 2014 Established Shiroki Technico India Pvt. Ltd. in Haryana, India.
May 2015 Signed a contract to transfer the seat structure business with Toyota Boshoku and Aisin Seiki.
29 Mar. 2016 Delisted from the stock market.
1 Apr. 2016 Became a wholly owned subsidiary of Aisin Seiki.

Supplemental Information 1