Harada Industry Co., Ltd.

Company Profile

■URL

http://www.harada.com/en/

■Address

Omori Bellport B-4F, 6-26-2, Minami Ohi, Shinagawa-ku, Tokyo 140-0013, Japan

Business Overview

-Japan's leading manufacturer of automotive antennas.

-The brand's slogan is "Automotive, Antenna, Authority: The one and only automotive antenna supplier specialist in the world with a global network".

Financial Highlights

-The Company’s financial results for the fiscal year that ended in March 2017 are as follows.
Consolidated sales: JPY 40,857 million (5.5% decrease year-over-year)
Operating income: JPY 2,778 million (157.7% increase year-over-year)
Ordinary income: JPY 2,201 million (479.5% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 94 million.

-The following is the sales breakdown by region.

  • Japan: 33.4%
  • Asia: 26.7%
  • The Americas: 30.1%
  • Europe: 9.8%

Long-term Vision "HARADA NEXSTAGE 19" (April 2013 - March 2019)

<Financial Targets for FY ending March 2019> (consolidated basis)

  • Sales: JPY 45 billion or over
  • Operating profit margin: 10.0% or over

Major initiatives

  • In the cost improvement plan for the two-year period between April 2016 and March 2018, special focus is set on decreasing the sales-to-cost ratio as well as the selling, general, and administrative expense ratio.

Shareholders

-Listed on the Tokyo Securities Exchange JASDAQ (Standard). (As of Mar. 31, 2017)
Name or Company Name Investment Ratio (%)
SJS Incorporated 33.40
Individual shareholder 13.63
Individual shareholder 10.82
Japan Trustee Services Bank, Ltd. (trust account) 4.15
Resona Bank, Ltd. 2.76
Individual shareholder 1.96
Harada Industry Employee Stock Ownership Association 1.86
The Master Trust Bank of Japan, Ltd. (trust account) 1.65
Nippon Life Insurance Company 1.42
The Bank of Tokyo-Mitsubishi UFJ, Ltd. 1.38
Total 73.04

Products

Roof-mounted antennas for AM/FM radio receivers
-Short-mast types
-Medium-mast types
-Long-mast types
-Short-mast types with separated amplifier boxes
-Pillar types
-Low profile fin types

Film antennas and products for in-glass antenna systems
-Film antennas for TV/FM-VICS; Adhesive-to-glass types
-Amplifier modules for glass antennas, for various media
-Noise filters for glass antennas

Antennas for digital broadcasting
-Antennas for digital terrestrial TVs

  • Outside antennas mounted to rear window glass
  • Film antennas adhered to front window glass
  • Outside antennas mounted on roofs

-Roof-mounted antennas for satellite digital broadcasting

  • AM/FM/SDARS multi-band types
  • AM/FM/SDARS+GPS multi-band types

-Roof-mounted antennas for digital audio broadcasting

  • AM/FM/DAB (dual-band) active types
  • AM/FM/DAB (dual-band) passive types

Antennas integrated to car bodies
Film antennas for AM/FM; built into plastic trunk lids
-Multi-band film antennas; built into plastic roof panels
-Circuit board antennas for TV/FM-VICS; built into plastic rear spoilers
-Film antennas for TV/FM-VICS; built into plastic bumpers
-Antennas for DSRC/ETC; built in dashboard

Products for ITSs
-Antennas for ETC/DSRC

  • Adhesive-to-windshield glass products
  • Types mounted to dash boards

-Antennas for telematics; combined antennas for Telephone and GPS

Products for actuators and harnesses
-Coaxial cables
-STP cables; Shielded Twisted Pair cables
-Connecting cables
-Connector assemblies

History

Nov. 1947 Harada Electric Manufacturing Co., Ltd. established by Jiro Harada (currently key adviser) at Rokkakubashi, Kanagawa-ku, Yokohama-shi, Kanagawa Pref. to repair and sell measurement instruments.
Apr. 1956 Moved office to 1-7 Hamamatsu-cho, Minato-ku, Tokyo. Developed windshield washer system.
Mar. 1958 Incorporated as Harada Industry Co., Ltd. (HIJ) with paid-in capital of one million yen, with a view to establishing itself as an antenna manufacturer in the automobile industry
Oct. 1960 Headquarters moved to 20-6- Minami-Ohi 4-Chome, Shinagawa-ku, Tokyo. Developed magnet antenna.
Apr. 1963 Established Harada Shoji Co., Ltd (HIS) in Shinagawa-ku, Tokyo.
Mar. 1968 Established Taiwan Harada Industry Co., Ltd. (HIT) in Kuei Shan, Tao Yuan, Taiwan, to serve as an export base and cope with an expected increase in export volume.
Apr. 1969 Osaka Office opened in Yodogawa-ku, Osaka City, Osaka. (Later renamed Osaka Branch in November 1987, when moved to Chuo-ku, Kobe City, Nagoya Pref.)
Apr. 1970 Established Matsukawa Harada Industry Co., Ltd. (HIM) in Matsukawa, Higashiyama-cho, Higashi Iwaki-gun, Iwate Pref. at the invitation of the Iwate Pref. Government.
Jan. 1997 Established Harada Industries Vietnam Limited (a consolidated subsidiary) in Vietnam as a production base in Southeast Asia.
Jan. 1997 Established Harada European Research Center as an R&D base in Europe (in Sept. 1997, renamed Harada European Technology Center (HETC) in line with facility expansion).
Oct. 1997 Harada Trading Co. Ltd. started managing Driver Stand Minami-Ohi Shop.
Feb. 1998 Established GIS Jevdax PTE Ltd. (a consolidated subsidiary) in Singapore.
Oct. 1998 Started selling the "The Denpa Shokunin (electric wave craftsman)" brand in the domestic market.
Jul. 1999 Established Comwell Co. Ltd. (a consolidated subsidiary) (renamed Yokohama Communication Research Center in Sept. 1999).
Nov. 1999 Established Harada Kogyo (Hong Kong) (a non-consolidated subsidiary) in Hong Kong.
Nov. 1999 Renamed Taiwan Harada Industry as Taiwan Harada Investment.
Jan. 2002 Matsukawa Harada Industry merged with Niigata Harada Industry. Surviving company, Matsukawa Harada Industry renamed Harada Communication System Co. (a consolidated company).
Jan. 2002 Established The Chubu branch in Anjo-city, Aichi prefecture.
Oct. 2002 Separated the Hiroshima resident office from the Osaka branch, and renamed it as Hiroshima branch.
Sep. 2003 Established Harada Europe R&D Centre by taking over part of the R&D division of Harada Industries (Europe) Ltd.
Apr. 2004 The second plant at Harada Industries Vietnam Limited started operations.
Dec. 2004 Delisted from the over the counter market of the Japan Securities Dealers Association and listed on the Jasdaq securities exchange.
Mar. 2005 Constructed a new radio wave measurement site on the premises of the head office.
Aug. 2005 Transferred its Aftermarket Sales Division to Harada Shoji Co., Ltd.
Mar. 2006 Liquidated Yokohama Communication Laboratory Co., Ltd.
Jul. 2006 Increased its capital to 2,015 million yen through a public stock offering.
Aug. 2006 Increased its capital to 2,019,181,000 yen by issuing shares for third parties.
Oct. 2006 The Company split its common shares, two for one.
Sep. 2007 Opened the Utsunomiya Office in Utsunomiya-shi, Tochigi Prefecture.
Apr. 2009 Established a consolidated subsidiary, Harada Asia-Pacific Ltd. in Bangkok, Thailand.
Apr. 2010 Listed on the Osaka Securities Exchange JASDAQ, when the JASDAC and Osaka Securities Exchange merged.
Oct. 2010 Merged the operations of Harada Shoji Co., Ltd., as part of its effort to unify and consolidate sales functions.
Feb. 2012 Signed a transfer agreement with Nippon Antenna Co., Ltd., agreeing to inherit the automotive antenna operations of Nippon Antenna and make it into a subsidiary through acquiring stock shares.
Apr. 2012 Acquired Nippon Antenna Company’s automotive antenna business.
Apr. 2012 Acquired the stock shares in Nippon Antenna (Europe) Limited, turning it into a consolidated subsidiary. (Began settling its accounts from January 2013).
Apr. 2012 Acquired the stock shares in Nippon Antenna America, Inc., turning it into a consolidated subsidiary. (Merged its operations into Harada Industry of America, Inc. in January 2013).
May 2012 Acquired the stock shares in Nippon Antenna (Shanghai) Co., Ltd., turning it into a consolidated subsidiary and changing its name to Shanghai Harada New Automotive Antenna Co., Ltd. in October 2012.
May 2012 Acquired the stock shares in Nippon Antenna (Philippines) Inc., turning it into a consolidated subsidiary and changing its name to Harada Automotive Antenna (Philippines), Inc. in November 2012.
Jul. 2013 Listed on Tokyo Securities Exchange JASDAQ (Standard).
Oct. 2013 Merged Harada Communication Systems Co., Ltd. into the Company.
Oct. 2016 Changed the unit of stock shares from 1,000 to 100.

Supplemental Information 1