Nabtesco Corporation

Company Profile

■URL

http://www.nabtesco.com/en/index.html

■Address

JA Kyosai Bldg., 2-7-9, Hirakawa-cho, Chiyoda-ku, Tokyo 102-0093, Japan

Business Overview

-The Company is a manufacturer of brakes and precision reduction gear components, equipment, and devices. The Company's business is structured under the following four business segments: Precision Equipment Business, Transport Equipment Business, Aircraft and Hydraulic Equipment Business, and Industrial Equipment Business.

-Nabtesco Automotive Co., Ltd. is in charge of the automotive business, which falls under the Transport Equipment Business. It manufactures brakes and clutch controls.

-The Company had 70% of the market share in Japan for automotive wedge-chambers, and 85% of the market share for automotive air-dryers, according to the Company's own marketing research.



Financial Overview

-In FY ended December 2016, the Company generated consolidated sales of JPY 244 billion. The Group's operating profit was JPY 23.47 billion, ordinary profit was JPY 24.73 billion, and net profit (attributable to owners of parent company) was JPY 17.58 billion.



Nabtesco Group's Mid-term Management Plan (for April 2017 - March 2020)

-The Company is aiming to achieve annual sales of approximately JPY 330.0 billion , operating income margin 12.5%, and net income of JPY 30 billion.



Nabtesco to acquire Ovalo GmbH

- Nabtesco Corporation announced that it has completed the acquisition of 100% share in Ovalo GmbH on March 1, 2017, in accordance with the Share Purchase Agreement dated December 21, 2016, with INTERGLOBAL Industrieholding GmbH. Ovalo GmbH has become Nabtesco’s consolidated subsidiary. (From a press release on March 2, 2017)

- Nabtesco Corporation announced that it has entered into a definitive agreement to acquire a 100% share in Germany-based Ovalo GmbH for approximately EUR 82 million in cash. The transaction is expected to close at the end of February 2017. Ovalo supplies chassis system and engine system related products as Tier 1 Supplier to German car OEMs with gaining a high reputation. Nabtesco believes this acquisition will allow the company to utilize Ovalo’s technology in the area of motor and control unit integration, and will accelerate its initiatives to become a system and mechatronic products supplier. At the same time, adcos GmbH, which is owned 60% by Ovalo, will be added to Nabtesco's consolidated financial statements. adcos has considerable expertise in engineering techniques such as model-based software development and ECU hardware for Rapid Control Prototyping, which are essential for developing automotive mechatronics. (From a press release on January 31, 2017)

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Dec. 31, 2016)
Name or Company Name Investment Ratio (%)
Japan Trustee Services Bank, Ltd. 13.09
BNP PARIBAS SEC SERVICES LUXEMBOURG/ JASDEC/ ABERDEEN GLOBAL CLIENT ASSETS 4.89
Central Japan Railway Company 4.13
The Master Trust Bank of Japan, Ltd. 3.95
FANUC Corporation 3.00
Harmonic Drive Systems Inc. 2.61
THE CHASE MANHATTAN BANK 385036 1.91
THE BANK OF NEW YORK 133972 1.84
STATE STREET BANK WEST CLIENT - TREATY 505234 1.31
RBC IST 15 PCT LENDING ACCOUNT - CLIENT ACCOUNT 1.26
Total 37.99

Products

Air brake products
Electronic Controlled Module Air Dryer
Timer Purge Type Air Dryer
Electronic Controlled Module Air Dryer "without ECU"
Air Dryer "without PurgeTank"
Module Air Dryer "Integrated Purge Tank Type"
Oil Mist Separator
Standard Chamber
Spring Chamber "Double Diaphragm Type"
Standard Chamber
Spring Chamber "Piston Type"
Air Dryer "for Middle Duty"
Parking Brake Valve
Brake Valve
Multi Protection Valve
Relay Valve
Pressure Reducing Valve
Solenoid Valve
Relay Emergency Valve
Hose Coupling
Oil Catcher

Hydraulic products, Others
Clutch Master Cylinder with integrated Metal Diaphragm Damper
Clutch Operating Cylinder
Cultch Operating Cylinder with integrated Orifice Valve
Orifice Valve
Clutch Damper Cylinder
Quick Coupler
Electric Vacuum Pump
Electric Vacuum Pump for Emergency

History

1925 Nippon Air Brake Co., Ltd. was established in Kobe, Hyogo Prefecture.
1934 Became the first company to succeed in producing automobile oil brakes in Japan. Started manufacturing and selling oil brakes.
1937 Began producing and selling air brake systems for commercial vehicles.
1960 Established the Yokosuka Plant in Yokosuka, Kanagawa Prefecture.
1961 Established the Automobile Department.
1968 Established the Konan Plant in Higashinada-ku, Kobe.
1972 The Company succeeded in developing the first automotive air dryer in Japan.
1984 Established Nippon ABS Co., Ltd. through a merger with Germany-based Robert Bosch GmbH.
1991 Established the Yamagata Plant in Murayama, Yamagata Prefecture.
1992 Started operations at the Yamagata test course.
Adopted a new company name, Nabco Ltd.
1993 Established Nabco Mexicana S.A. de C.V. in Mexico.
1997 The Konan Plant discontinued production of auto parts. The operations were integrated into the Yokosuka Plant and the Yamagata Plant.
1998 Launched business in seating sensors for passenger vehicles.
1999 Transferred the oil brake business and the Yokosuka Plant's operations to Bosch Braking Systems Co., Ltd. (currently called Bosch Corp.)
Sold off the shares of stock it had in Nippon ABS Co,. Ltd. to Bosch.
2002 Transferred its commercial vehicle ABS business to Knorr-Bremse Commercial Vehicle Systems Japan Ltd.
2003 Established Nabtesco Automotive Products (Thailand) Co., Ltd. (NAPT) in Thailand. Established Nabtesco Corporation jointly with Nabco Ltd. and Teijin Seiki Co., Ltd. Nabco became a 100 percent subsidiary.
2004 Nabtesco Corporation absorbed Nabco Ltd. The corresponding division was named the Automotive Company.
Dec. 2009 Nabtesco Corporation established Nabtesco Automotive Corporation as its wholly owned subsidiary.
Mar. 2010 Business at the Automotive Company was transferred to Nabtesco Automotive Corporation, whereby operations started.
Feb. 2013 Established Minda Nabtesco Automotive Pvt. Ltd. in Haryana, India. jointly with Minda.
Nov. 2014 Nabtesco Automotive Products (Thailand) Co., Ltd. established a new plant in Samutprakarn, and moved to the new facility.
May 2016 Established Nabtesco ITG GmbH in Sachsen, Germany. 

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