Asahi Tec Corporation
-The Light Alloy Products Division is in charge of engine intake parts for passenger cars, truck drivetrain parts, and aluminum wheels for passenger cars and motorcycles.
-In January 2017, ATA Casting Technology Japan Co., Ltd. was transferred to Daido Metal Co., Ltd.
-In April 2018, all the shares held by Asahi Tec Aluminum Co., Ltd. and Hoei Corporation were transferred to Ryobi.
-In May 2018, the company became a 100% subsidiary of Topy Industries Limited.
|Aug. 1938||Asahi Imono Kojo reorganized to form Asahi Katan K.K.|
|Jan. 1950||Became a Nippon Gaishi Co., Ltd. subsidiary.|
|Jun. 1958||Start producing aluminum alloy casting.|
|Feb. 1961||Listed on the Second Section of the Nagoya Stock Exchange. Constructed the Toyokawa Plant to increase forgeable cast iron production.|
|Nov. 1961||Invested in Asahi Tanzo Co., Ltd.|
|Nov. 1964||Constructed the Kikukawa-South Plant to increase aluminum alloy casting production.|
|Jun. 1976||Established Asahi Keigoukin Co., Ltd., a 100% owned subsidiary specializing in aluminum wheel production.|
|May 1978||Capital participation in Hoei Kogyo K.K.|
|Dec. 1980||Listed on the Second Section of the Tokyo Stock Exchange.|
|Sep. 1987||Became a Nippon Gaishi affiliate (formerly a subsidiary).|
|Mar. 1989||Established Asahi Somboon Aluminum Co., Ltd.|
|Nov. 1989||Renamed as Asahi Tec Corporation.|
|Nov. 1990||Listed on the First Section of the Tokyo and Nagoya Stock Exchanges.|
|Sep. 1991||Took over the operations of its subsidiary, Asahi Keigoukin Co.|
|Sep. 1995||Constructed the Yokoji Plant to increase aluminum alloy casting production capacity.|
The Company changed its accounting period: June 1 through May 31 to April 1 through March 31.
|Apr. 1999||April 1999 become a subsidiary of NGK Insulators, Ltd. as a result of a newly applied accounting principal regarding consolidation.|
|Aug. 1999||Sold operations of a subsidiary, Asahi Tanzo Co. to Matec Co.|
|May 2000||Constructed a Technical Center in the Yokoji Plant.|
|May 2003||Ripplewood Holdings LLC, a US based investment-banking firm, bought into the Company.|
|Oct. 2003||Established a joint venture, Dicastal Asahi Aluminum Co., Ltd.|
|Jan. 2005||Consolidated subsidiaries changed their names: Asahi Somboon Aluminum Co., Ltd. was changed to Asahi Tec Aluminum (Thailand) Co., Ltd., and Asahi Somboon Metals Co., Ltd. was changed to Asahi TEC Metals (Thailand) Co., Ltd.|
|Mar. 2005||RHJ International S.A. became the parent company by acquiring the Company's stock|
|Feb. 2006||Acquired a major stake in Techno-Metal Co., Ltd. to make it a subsidiary of the company.|
|Jan. 2007||The Company invested in Metaldyne Corporation to make it a subsidiary of the company.|
|Mar. 2007||Following the issuance overseas of new shares of common stock of Asahi Tec, voting rights held by its parent body, RHJ International SA/NV, was thus reduced in relation to the shares issued. Upon the closing, RHJ International was categorized as a minor shareholder, or now as one of the other affiliate companies.|
|The Company established Wheelhorse Asahi Aluminum Co., Ltd., a joint venture company.|
|Jul. 2008||The Company issued its stock by means of third party allocation. As a result, RHJ International S.A., which used to be a disinterested company, became the parent company of the Company.|
The Company removed Metaldyne from its consolidated financial statements, following Metaldyne Corporation and its 30 subsidiaries filing for Chapter 11 bankruptcy protection.
|Apr. 2010||The Company spun off its Electric Power Equipment Division, turning it into Asahi Tech TDM Co., Ltd.|
|Feb. 2012||ACT Holdings II, which is under the umbrella of the Unison Capital Group, acquired all of the shares in the Company, making it its new subsidiary.|
|Jul. 2012||The Company's stock was delisted from the stock market.|
|Jun. 2015||The Company completed the transfer of its consolidated subsidiary, Asahi Tec Metals Co., Ltd., Techno-Metal Co., Ltd., and Asahi Tec Metals (Thailand) Co., Ltd., to Amtek Auto Limited of India.|
|Oct. 2015||Corporate split of Japan Domestic Aluminum Casting Business to Asahi Tec Aluminum Co.,Ltd.|
|May 2016||Corporate split of Technology department of Aluminum Company to ATA Casting Technology Japan Co.,Ltd.|
|Jul. 2016||Corporate split of Aluminum business of Asahi Tec Aluminum(Thailand) Co.,Ltd. to ATA Casting Technology Co., Ltd.|
|Jan. 2017||Transferred ATA Casting Technology Japan to Daido Metal Co., Ltd.|
|Apr. 2018||All shares owned by Asahi Tec Aluminum Co., Ltd. and Hoei Corporation were transferred to Ryobi Corporation.|
|May. 2018||Became a wholly-owned subsidiary of Topy Industries Limited.