Ashimori Industry Co., Ltd.

Company Profile

■URL

http://www.ashimori.co.jp/english/index.html

■Address

3-10-18, Kitahorie, Nishi-ku, Osaka-shi, Osaka-hu, 550-0014, Japan

Business Overview

-The Company manufactures synthetic plastics, operating in the following three business sectors.

  • Automotive Safety Systems : Automotive seat belts, airbags, tonneau cover, electric rear shade, etc.
  • High Performance Products: Highly functional materials and textiles, fire-hoses, PALTEM division (Pipeline Automatic Lining SysTEM), etc.
  • Others: Real estate management

-Sales at the Automotive Safety Business accounted for approximately 75% of overall sales as of fiscal year ended Mar. 31, 2016.

Shareholders

-Listed on the First Section of the Tokyo Stock Exchange. (As of Mar. 31, 2016)
Name and Company Name Investment Ratio (%)
The Japan Wool Textile Co., Ltd. 28.12
Customers share holding commission 4.60
Employees Stockholding 2.80
Individual Shareholder 1.69
CBNY DFA Intl Small Cap Value Portfolio 1.48
The Master Trust Bank of Japan, Ltd. (Trust Account) 1.43
Japan Trustee Services Bank, Ltd. (Trust Account) 1.24
Nippon Life Insurance Co. 1.11
Japan Securities Finance Co., Ltd. 1.03
Toray Industries, Inc. 0.98
Total 44.49

Products

Automotive Safety System Division
-Automotive seat belts; front, rear

  • Retractors equipped for child restraint system locking capability
  • Retractor pretensioners
  • Lap anchor pretensioners
  • Load limiters; single, double, variable
  • Motorized roller-type retractors
  • Tension reducers
  • Shoulder anchor adjusters
  • Buckles and tangs
  • Webbing

-Air bags

  • Front air bags
  • Curtain air bags
  • Side air bags

-Tonneau covers for automobile

  • Type that covers the space between the tonneau cover and the rear seat
  • Type that is connected with the trunk door
  • Type with front cover


-Manual door shades

-Electric rear shades

-Steering wheels

History

Nov. 1878 Takabei Ashimori started Japan's first production of cotton ropes for use in conduction.
Then started production of fabric and braid mainly consisting of spindle tapes and bands.
Dec. 1935 Incorporated Ashimori Seiko-sho., Ltd. (with a capital of 1 million yen)
May, 1943 Reorganized the company and transferred management to Toyo Boseki.
May, 1944 Changed the name of the company to Ashimori Industry Co., Ltd.
Feb. 1949 Purchased back shares from Toyo Boseki and became independent.
Jan. 1950 Listed on the first section of the Osaka Stock Exchange.
Oct. 1960 Plant (Settsu) and built new buildings at new locations.
Dec. 1961 Moved headquarters to Higashi-ku, Osaka and built Osaka plant in Settsu, Osaka.
June, 1962 Started production of automotive seatbelts.
Dec. 1963 Moved and built Tokyo Office. (Chuo-ku, Tokyo)
Mar. 1972 Signed a technical agreement on "AVALINE"with A.S. Fiskenvegn in Norway and started local production.
Sep. 1972 Agreement on seatbelts with Meiho in Taiwan.
Apr. 1985 Opened the Fukui Plant and concentrated the rope business.
Apr. 1985 Signed technical assistance agreement on fire extinguisher hoses with Tianjin Belt No.1 Factory in Tianjin, China.
Apr. 1988 Renamed the Tokyo Office as the Tokyo Branch and moved to Bunkyo-ku, Tokyo.
Nov. 1988 Built new headquarters in Nishi-ku, Osaka.
Apr. 1989 Established Ashimori International Ltd. (former Ashimori Europe Ltd.) in U.K.
Oct. 1990 Set up the Hofu Plant as a plant specializing in automotive safety parts.
July, 1992 Closed the Tokyo Plant for reorganization.
May, 1996 Moved Tokyo Branch to Chuo-ku, Tokyo.
Feb. 1998 Established KPN Ashimori Co., Ltd., a joint venture with KPN Group Co. and Toyo Sangyo Ltd., in Thailand.
Sep. 2000 Established Ashimori America Inc. in Michigan, USA.
Sep. 2000 Ashimori and Delphi Automotive Systems in MI, USA will establish in Sept. 2000 Delphi Automotive Systems Ashimori, a joint venture to produce and sell seatbelts with capital of 950 million yen (Delphi 51%, Ashimori 49%). Targeting sales of US$2 million in FY2001 and US$12 million in FY2003
March 2001 Started development of seatbelts and airbags as an integrated safety system to take advantage of the future demand for advanced safety technology and cost reduction. Targeting system supply by closely working with each department and by technical cooperation with Delphi
July, 2003 Financed the entire amount of the capital that Ashimori (Thailand) Co., Ltd. increased.
May, 2004 Liquidated Ashimori International Ltd.
Apr. 2005 Established Ashimori Technology (Wuxi) Co., Ltd in Wuxi, Jiangsu prov., China.
Oct. 2007 Dissolved a joint venture agreement with Delphi Corp., based in the U.S.A.
Dec. 2007 Liquidated Ashimori America Inc.
July, 2008 Established Ashimori Industry Yamaguchi Co., Ltd.
Oct. 2008 Newly established Hamamatsu Plant dedicated to production of automotive safety systems.
Oct. 2009 Established Ashimori India Private Ltd. in Rajasthan, India.
Oct. 2011 Established Ashimori Korea Co., Ltd. in Wongju, Gangwon-do, Korea.
Feb. 2012 Established Ashimori Industria de Mexico, S.A. de C.V. in Guanajuato, Mexico.

Supplemental Information 1