Yasunaga Corporation

Company Profile

■URL

http://www.fine-yasunaga.co.jp/english/index.html

■Address

3860 Midorigaoka Naka-mach, Iga City, Mie Prefecture 518-0834, Japan

Business Overview

-A supplier of automotive engine parts.
-Integrated manufacturing system, from production of casting materials to in-house development of processing technology to machining and logistics.

Financial Highlights for FY ended March 2018

-The Company’s financial results for the fiscal year that ended in March 2018 are as follows.
Consolidated sales: JPY 35.1 billion (3.1% increase year-over-year)
Operating income: JPY 1.8 billion (23.8% increase year-over-year)
Ordinary income: JPY 1.7 billion (49.2% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 1,264 million


Mid-term Management Plan (FY ending Mar. 2018 - FY ending Mar. 2020)

<Consolidated financial target for FY ending Mar. 2020 (in million JPY)>

Sales Operating income Operating profit margin
(%)
Overall 37,000 1,850 5.0
-Engine components business 23,000 700 3.0

<Business Strategy>
Strengthening production structure to support customers' operations
-The engine components division will step up its marketing efforts by focusing on its "5C" products, namely, connecting rods, cylinder heads, cylinder blocks, cam shafts, and crankshafts.
-Strengthen the production framework so that it aligns with the production frameworks of OEMs. Meet the demand for local procurement.

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2018)
Name or Company Name Investment Ratio (%)
YASNAG 16.62
Individual shareholder 2.77
Individual shareholder 2.74
Employee Stockholdings 2.27
Nagoya Small and Medium Business Investment & Consultation Co., Ltd. 1.89
The Bank of Tokyo-Mitsubishi UFJ, Ltd. 1.77
Japan Trustee Services Bank, Ltd. (Trust Account 5) 1.42
The Hyakugo Bank, Ltd. 1.23
Resona Bank, Limited. 1.23
IBJ Leasing Company, Limited 1.22
Total 33.21

Products

Engine Parts
-Connecting rods
-Cylinder heads
-Cylinder blocks
-Cam shafts
-Crank shafts
-Exhaust manifolds
-Bearing caps
-Lash adjusters

History

Sep. 1949 Incorporated Yasunaga Steel Works Co., Ltd. in Ueno City, Mie to produce home sewing machine arm beds.
Mar. 1953 Started production of pig iron casting products.
Apr. 1963 Started production of agricultural engine parts and automotive parts.
Feb. 1967 Started full scale production of automotive engine components.
Mar. 1967 Constructed the Nabari Plant in Nabari City, Mie Prefecture.
Apr. 1970 Started business with Mitsubishi Motors Corporation.
Nov. 1982 Established the Saimyoji Plant in Ueno City, Mie Prefecture, which started operations as an automotive engine parts plant.
Apr. 1988 Changed the trade name from Yasunaga Steel Works to Yasunaga Corporation.
Oct. 1993 Absorbed Yasunaga Engineering Co., Ltd.
Apr. 1994 Absorbed Yasunaga Casting Corporation.
Feb. 1996 Established P.T. Yasunaga Indonesia in Indonesia.
Feb. 1996 Listed on the Second Section of the Osaka Securities Exchange.
Oct. 1998 Established a sales subsidiary in USA, Yasunaga Corp. America (currently a consolidated subsidiary)
Feb. 2006 Started commercial operations at its Yumeporisu Plant located in Iga-City, Mie Prefecture. The plant produces engine parts.
Mar. 2011 Established Yasunaga Korea Co., Ltd. in Korea.
Dec. 2012 Established Yasunaga (Thailand) Co., Ltd. (currently a consolidated subsidiary) in Thailand.
Jul. 2013 Listed on the second section of the Tokyo Stock Exchange after the cash equity market of the Osaka Securities Exchange was integrated with that of the Tokyo Stock Exchange.
Jun. 2014 Listed on the first section of the Tokyo Stock Exchange.
Jul. 2015 Established YASUNAGA MEXICO S.A. DE C.V. in Mexico as a subsidiary.

Supplemental Information 1