Mikuni Corporation

Company Profile

■URL

http://www.mikuni.co.jp/e/index.html

■Address

6-13-11, Sotokanda, Chiyoda-ku, Tokyo, 101-0021 Japan

Business Overview

-The Company is engaged in the manufacturing and sales of fuel-injection devices, pumps and other automotive products.

-In 2011, the Company, together with Pierburg Pump Technology that is under the KSPG Group, established Pierburg Mikuni Pump Technology Corporation as a joint venture. The joint venture develops, manufactures and sells electric water pumps and variable oil pumps.

-In 2012, the Company established a joint venture in China, Pierburg Mikuni Pump Technology (Shanghai) Corp. The joint venture develops, manufactures and sells electric water pumps and variable oil pumps.

-In the fiscal year that ended in March 2016, motorcycle and special machinery sales accounted for 58% of companywide sales, while sales of automobile products accounted for 42% percent. However, the Company in the fiscal year that ends in March 2021 aims to have motorcycle and special machinery sales account for 50%, and automobile products account for 50%.

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2016)
Names or Company Names Investment Ratio (%)
Aioi Nissay Dowa Insurance Co., Ltd 5.59
Resona Bank, Ltd. 4.92
The Bank of Yokohama, Ltd. 4.92
Employee stockholding (Kaze) 4.28
The Bank of Tokyo-Mitsubishi UFJ, Ltd. 3.34
Mikuni Sogyo 2.98
Individual Shareholder 2.96
Suzuki Motor Corporation 2.95
The Tokio Marine & Nichido Fire Insurance Co., Ltd. 2.83
Employee stockholding (Mutsuki) 2.07
Total 36.90

Products

Automotive products
-Intake modules
-Resin intake manifolds with variable valve
-Electronic control throttle bodies; DC motor types, torque motor types
-Active pedals
-Active pedal modules
-Variable valve timing systems - VVT
-Electronic oil pumps
-Electronic vacuum pumps
-Vacuum pumps
-Electronically controlled exhaust valves
-Coolant controlling valves
-Exhaust control valves
-Linear position sensors
-Idle speed control valves
-Electronic water pumps
-Variable Water Pump
-Variable oil pumps

Automotive heater products

History

Oct. 1923 Founded Mikuni Shoten, a limited partnership company, and started to import automobiles, bicycles and components.
Dec. 1933 Registered as Mikuni Shoten Co., Ltd.
Dec. 1936 Kamata Plant started production.
July, 1939 Renamed as Mikuni Shoko Co., Ltd.
July, 1944 Odawara Plant started production.
Oct. 1948 Under the corporate reconstruction law, the company was split into 2 companies, No.2 Mikuni Shoko Co., Ltd. (Kamata Plant and trading dept.) and Mikuni Seisakusho (Odawara Plant).
Feb. 1949 Started production of carburetors for small cars and mechanical pumps.
Apr. 1950 Renamed No.2 Mikuni Shoko Co., Ltd. as Mikuni Shoko Co., Ltd.
Apr. 1955 Merged with Mikuni Seisakusho Co., Ltd.
Oct. 1960 Licensing agreement with Solex, France, to produce Solex-type carburetors.
July, 1961 Renamed as Mikuni Kogyo Co., Ltd and transferred its trading business to newly established Mikuni Shoko Co., Ltd.
Sep. 1961 Started over-the-counter listing at the Tokyo Stock Exchange.
Oct. 1961 Listed on the second section of the Tokyo Stock Exchange.
Sep. 1971 Tied up with SIT of Italy for production of gas burner safety devices and started production thereof.
July, 1972 Founded Tohoku Mikuni Kogyo Co., Ltd. (currently Mikuni Adec Corporation)
June, 1973 Capital participation in Mikuni American Corporation.
May, 1978 Started production at Kikugawa plant.
Aug. 1979 Mikuni Taiwan Corporation was founded.
Mar. 1980 Sold Kamata plant.
Apr. 1980 Started production at Yaita plant.
Established Miikuni Logistic Service Co., Ltd.
Apr. 1986 Established Nippon Injection Corporation as a joint venture among Mitsubishi Electric Corporation, Robert Bosch GmbH of Germany, and the Company.
May, 1988 Established Mikuni Partech Corporation.
Apr. 1991 Adopted the current company name, Mikuni Corporation.
May, 1991 Established Mikuni (Thailand) Co., Ltd.
Oct. 1991 Transferred Yaita Plant's development division and production division for heaters to Mikuni Adec Corporation.
Nov. 1992 Production started at Sagara plant.
Nov. 1994 Established Mikuni (Shanghai) Co., Ltd.
Nov. 1994 Established Chengdu Mikuni Hongguang Machinery &Electronics Co., Ltd.
May, 1995 Established Ningbo Mikuni Machinery & Electronics Co., Ltd. (currently consolidated company)
Dec. 1955 Established Tianjin Mikuni Co., Ltd. (currently consolidated company)
June, 1996 Established Mikuni Texas Company (currently consolidated company)
Mar. 2000 Transferred a portion of general purpose carburetor production to Mikuni ADEC (subsidiary) from Kikukawa Plant.
Oct. 2002 Acquired and merged Mikuni Adec.
Sep. 2008 Established Mikuni India Private Limited.
Jun. 2010 Established Mikuni Management (Shanghai) Co., Ltd.
2011 The Company, together with Pierburg Pump Technology that is under the KSPG Group, established Pierburg Mikuni Pump Technology Corporation as a joint venture.
2012 Established Eberspaecher Mikuni Climate Control Systems Corporation, a joint venture with Eberspaecher to manufacture automotive heaters.

Established a new joint venture in China, Pierburg Mikuni Pump Technology (Shanghai) Corp.

Mar. 2015 Listed on the first section of the Tokyo Stock Exchange.

Supplemental Information 1