SNT Corporation

Company Profile

■URL

http://www.snt.co.jp/eng/

■Address

1-13-1 Kaizuka, Kawasaki-ku, Kawasaki-shi, Kanagawa pref., 210-0014, Japan

Business Overview

-Japan's major manufacturer of forged products. The Company's main products include pinions, axle tubes and knuckle spindles.

Financial Overview

-In FY ended March 2016, the Company generated consolidated sales of JPY 16.55 billion (a y/y decrease of JPY 3.55 billion). The Group's operating profit was JPY 1.30 billion (a y/y decrease of JPY 383 million), ordinary profit was JPY 1.59 billion (a y/y decrease of JPY 558 million), and net profit (attributable to owners of parent company) was JPY 1.21 billion (a y/y decrease of JPY 170 million).

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2016)
Name or Company name Investment ratio (%)
Cornwall Master LP 11.77
Resona Bank, Ltd. 4.74
Mizuho Bank, Ltd. 4.73
Topre Corporation 4.70
Nippon Steel & Sumitomo Metal Corporation 4.68
General Fundex Co., Ltd. 4.37
Nihon Parkerizing Co., Ltd. 3.41
Japan Trustee Services Bank, Ltd. (Trust Account) 3.35
Cornwall Sidecar 2 Master LP 3.08
Sato Shoji Corporation 3.07
Total 47.94

Products

-Axle tubes
-Drive pinions
-Tubes
-Knuckle spindles
-Connecting rods
-Pinions
-Spline yokes
-Joint yokes
-Camshafts
-Axle shafts
-Arms
-Master links
-Flanges
-Main shafts
-Gears

History

Nov. 1948 Established as Higashi Nippon Tankou Corporation with capital of 4 million yen in Kawasaki City, Kanagawa Pref. At the same time, the Company also took over the former Nippon Tankou's Kawasaki Plant to start manufacture of forged products.
June 1951 Nissan Motor bought into the Company and became the largest shareholder.
Jan. 1953 Renamed Shin Nippon Tankou Corporation.
Aug.1962 Listed on the second section of the Tokyo Stock Exchange. Started the manufacturing of construction equipment and materials.
Apr. 1968 Established Chubu Koki Co. (currently one of the consolidated subsidiaries) in Shinshiro City, Aichi Pref. to manufacture and sell construction equipment and materials.
Nov. 1976 In line with the Industrial Relocation Promotion Law, the Company closed facilities in Kawasaki City and transferred the headquarters and the Forging Division to Takahagi City, Ibaragi Pref. and the Construction Machinery Division to Urawa City, Saitama Pref.
July 1982 Established Nittan Syoji (currently one of the consolidated subsidiaries) in Chuo-ku, Tokyo, to provide insurance agency services.
Aug. 1983 Built the Equipment-for-lease Station in Sagamihara City, Kanagawa Pref.
Oct. 1984 Spun off the manufacturing section of the Construction Equipment Division located in Yuki City, Ibaragi Pref. as an independent company, naming it Nittan Kizai. It is a consolidated subsidiary
Aug. 1985 Established Tsukuba Koki Co. (currently one of the consolidated subsidiaries) in Mitsukaido City, Ibaragi Pref. for the machining of forged products.
Feb. 1990 Renamed SNT Corporation.
Aug. 1992 Established STN Building (currently one of the consolidated subsidiaries) in Kawasaki City, Kanagawa Pref. to provide building maintenance services.
Sep. 1992 Established the Equipment-for-lease Station in Shimotsuma City, Ibaraki Pref.
Built a building for rent in Kawasaki City, Kanagawa Pref.
Aug. 1993 Built another building for rent (Second SNT Building) in Kawasaki City, Kanagawa Pref.
June 1996 Established Siam Metal Technology (currently one of the consolidated subsidiaries) as a joint venture in Thailand to manufacture and sell forged products.
Sep. 1996 Established Nittan Butsuryu Co. (currently one of the consolidated subsidiaries) in Yuki City, Ibaragi Pref. to manufacture and sell logistics equipment.
Oct. 1996 Established Tokai Technical Center (currently one of the consolidated subsidiaries) in Shinshiro City, Aichi Pref. for machining forged products.
Mar. 2002 Renamed Nittan Shoji to JMT Co., Ltd. (currently a non-consolidated subsidiary)
Sep. 2003 Changed its stock listing to the first section of the Tokyo Stock Exchange.
Apr. 2004 On April 1, the Company's consolidated subsidiary, Nittan Butsuryu, absorbed Chubu Koki and Nittan Kizai, which were also consolidated subsidiaries, changing its name to NKK.
May 2004 The Company established Shanghai Nittan Metal Co., Ltd. in Shanghai, China to manufacture and sell distribution equipment. The new company is a consolidated subsidiary.
Nov. 2006 The Company turned Siam Metal Technology Co., Ltd., which was a joint venture in Thailand, into its wholly owned subsidiary.
Oct. 2007 Chubu Tanko Co., Ltd., absorbed Tokai Technical Center. Both companies are the Company's consolidated subsidiaries.
May 2012 Upgraded forging facilities at Siam Metal Technology Co., Ltd., as well as built a new die factory.

Supplemental Information 1