Topy Industries, Ltd.

Company Profile



Art Village Osaki Central Tower, 1-2-2 Osaki, Shinagawa-ku, Tokyo 141-8634, Japan

Business Overview

-The Company is a general group engaged in metal processing, which has an integrated production organization that included the production of raw materials to final product processing.

-The Company's business operations are comprised of the following four segments.

  • Steel Business (supplies materials)
  • Automotive and Industrial Machinery Components Business (conducts processing operations)
  • Power Business
  • Other Business

-The Automotive and Industrial Machinery Parts Business manufactures and sells steel wheels, aluminum wheels, and automotive stamped parts.


Business Results Highlights

-The Company’s financial results for the fiscal year that ended in March 2019 are as follows.
Consolidated sales: JPY 286.2 billion (24.2% increase year-over-year)
Operating income: JPY 7.5 billion (6.2% decrease year-over-year)
Ordinary income: JPY 9.3 billion (16.5% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 7.1 billion (29.3% increase year-over-year)

-In April 2018, the Company announced that it will acquire ATC Holdings Co., Ltd. (ATC Holdings), a holding company of Asahi Tec Corporation (Asahi Tec). Asahi Tec's group companies manufacture aluminum wheels in China and Thailand. Topy Industries will place ATC Holdings including Asahi Tec under its umbrella and thereby meet growing global demand for aluminum wheels. Topy Industries will purchase 100% of the outstanding shares of ATC Holdings from investment fund management companies and other stakeholders for JPY 14.5 billion. The shares are scheduled to be transferred on May 31. (From an article in the Nikkan Jidosha Shimbun on April 18, 2018)

-In July 2017, the Company announced that it and Wheels India Limited (WIL) will form a joint-venture company in India. They plan to establish the joint venture in September, which will engage in the manufacture and sale of automotive steel-wheels.

-In March 2017, the Company announced its intention to acquire Ring Techs Co., Ltd., a subsidiary of Nippon Steel & Sumitomo Metal Corporation. Ring Techs manufactures steel wheels.


-Listed on the first section of the Tokyo Stock Exchange and the Nagoya Stock Exchange. (As of Mar. 31, 2019)
Name or Company Name Investment Ratio (%)
Nippon Steel & Sumitomo Metal Corp. 20.46
Topy Fund 4.52
Meiji Yusuda Life Insurance Company 4.14
The Master Trust Bank of Japan, Ltd. (Trust Account) 3.54
Mizuho Bank, Ltd. 3.34
Japan Trustee Services Bank Ltd. (Trust Account) 2.92
Sompo Japan Nipponkoa Insurance Inc. 2.44
Employees Stockholding 2.34
Total 48.08


-Steel wheels for passenger cars
-Steel wheels for trucks and buses
-Aluminum wheels for passenger cars
-SGOR: Super Giant Off the Road Rim

Stamping Parts
-Trunks lids
-Rear doors


Oct. 1921 Miya Steelworks was established.
Sep. 1926 Tokyo Shearing Co., Ltd. was established.
Dec. 1934 Tokyo Sharin Seisakusho Co., Ltd. was established.
Oct. 1941 Tokyo Sharin Seisakusho Co., Ltd. and Abe Tekkosho Co., Ltd. merged, becoming Sharin Kogyo Co., Ltd.   
Oct. 1943 Miya Steelworks and Tokyo Shearing Co., Ltd. merged, becoming Toto Seiko Co., Ltd.
Jul. 1955 Toto Zoki Co., Ltd. was established.
Dec. 1956 Toto Tekko Co., Ltd. was established.
Nov. 1961 The Toyokawa Plant of Sharin Kogyo Co., Ltd. was completed.
Mar. 1964 The Ayase Plant of Sharin Kogyo Co., Ltd. was completed.
Jul. 1964 Sharin Kogyo Co., Ltd.、Toto Seiko Co., Ltd.、Toto Zoki Co., Ltd. and Toto Tekko Co., Ltd all merged together, becoming Topy Industries, Limited.
Nov. 1965 Relocated home off ice of Topy Industries to Chiyoda Ward in Tokyo.
Nov. 1976 Established Kyushu Wheel Kogyo, Ltd. in Fukuoka Pref., Japan.
Jan. 1985 Established Topy Corporation in Kentucky, USA.

Jan. 1998

Acquired ISO9001.
Jun. 1999 Acquired ISO14001.
Nov. 1999 Established Topy International U.C.A., INC. in Tennessee, USA.
Sep. 2003 Established Fujian Yuan Shing-Topy Autoparts Co., Ltd. (Currently Fujian Topy Autoparts Co., Ltd.) in Fujian Province, China.
Mar. 2007 Topy Corporation merged with Topy International U.C.A. Inc., becoming Topy America, Inc.
Jun. 2007 Relocated home office to Shinagawa Ward in Tokyo.
Sep. 2008 Agreed to strengthen commercial ties with Nippon Steel Corporation.
Mar. 2013 Established PT. Topy Palingda Manufacturing Indonesia in Indonesia.
Oct. 2013 Established Topy MW Manufacturing Mexico S.A. de C.V. in Guanajuato, Mexico.
Feb. 2018 Acquired all the shares in Ring Techs Co., Ltd. and made it its subsidiary.
May 2018 Acquired all the shares in ATC Holdings.

Supplemental Information 1