Metalart Corporation

Company Profile

■URL

http://www.metalart.co.jp/en/

■Address

3-2-18, Noji, Kusatsu City, Shiga Pref., 525-0059, Japan

Business Overview

-Mainly manufactures and sells automotive components (crankshafts, connecting rods, etc.) and precision forgings for construction machinery.

-Integrated production from die design, forging (hot and cold) to machining and assembly.

-The Company's largest customer is Daihatsu, which accounted for 37.6% of the Company's sales for fiscal year ended Mar. 31, 2016.

Financial Highlights

-In FY ended March 2016, consolidated sales were JPY 23,469 million (a 8.9% decrease on a year-over-year (y/y) basis), operating income was JPY 251 million (a 80.1% decrease y/y), ordinary loss was JPY 107 million, and net loss attributable to owners of the parent was JPY 181 million. These decreases were attributable to a fall in sales as well as the large production loss from the inauguration of Indonesians subsidiary.

-The Company expects to generate ordinary profit and net profit (attributable to owners of the parent) in FY ending March 2017. 

Shareholders

-Listed on the second section of the Tokyo Securities Exchange. (As of Mar. 31, 2016)
Name or Company Name Investment Ratio (%)
Daihatsu Motor Co., Ltd. 32.84
Metal One Corporation 8.16
Gohsu Corporation 4.06
Kobe Steel, Ltd. 4.02
Individual shareholder 3.65
The Shiga bank, Ltd. 3.16
Individual shareholder 1.95
Resona Bank, Limited 1.90
Kita Aichi Lease Co., Ltd. 1.62
Employee stockholdings 1.11
Total 62.47

Products

Engine parts
-Crank shafts
-Connecting rods

Precision forged gears
-Drive gears
-Transmission gears
-Planetary gears

Continuously Variable Transmission parts

Manual Transmission gears

Automatic Transmission parts

Truck links

History

May, 1933 Goto Tankosho was established as a limited partnership.
Aug. 1943 The Company was incorporated.
Apr. 1958 The Fukumachi Plant was established at 1-9 Higashi-Fukumachi, Nishi-Yodogawa-ku, Osaka.
Nov. 1962 Listed on the Second Section of the Osaka Stock Exchange.
June, 1964 Established the Shiga Plant at 1350 Noji-machi, Kusatsu City, Shiga Pref.
June, 1965 Recruited executives from Nissho (currently Nissho Iwai) to improve management.
Sep. 1967 Integrated three plants in Nozato, Fuku-machi, Shiga were into two plants, in Osaka and Shiga.
Dec. 1967 Established Omi Seiko Inc. (currently a consolidated subsidiary)
July, 1970 Moved headquarters to 1 Okawa-cho, Higashi-ku, Osaka.
Moved headquarters office to its current location. The Shiga plant was renamed as Headquarters Plant.
Apr. 1972 The Osaka Plant was integrated into the Headquarters Plant. Established an integrated production system.
July, 1975 Headquarters moved to its current location, 1350 Noji-cho, Kusatsu City, Shiga Pref.
May, 1981 Established San Emu Industry Inc. (currently a consolidated subsidiary).
Dec. 1987 Established a 2000t automated forging stamping plant.
Oct. 1991 Renamed as Metalart Corporation.
July, 1992 Corporate name of Omi Seiko Inc. was changed to Metaltech Corporation.
July, 1992 Corporate name of San Emu Industry Inc. was changed to Metalmac Corporation.
Mar. 1993 Established Metal Forge Corporation (currently a consolidated subsidiary).
Apr. 1998 Metaltecs Corporation took over Metalmacs Corporation.
May, 2002 Set up a cold forging line.
Aug. 2005 Metaltecs Corporation established a link line at the Baba plant.
Feb. 2006 Established the Baba plant, moving a precision forging line and installing an integrated production line for heat and surface treatment.
Mar. 2008 Metal Tex established its Mizuguchi Plant. A new production line for processing CVT components was built.
Jan. 2013 Metal Tex established its Kyushu Plant. A new production line for machine processing was built.
May 2013 Established PT. Metalart Astra Indonesia in Indonesia. (This company is currently a consolidated subsidiary.)
July 2014 Listed on the second section of the Tokyo Stock Exchange (TSE) after TSE and the
Osaka Securities Exchange were integrated into a single market.

Supplemental Information 1