MAHLE Electric Drives Japan Corporation (Formerly Kokusan Denki)

Company Profile

■URL

http://www.jp.mahle.com/

■Address

3744 Ooka, Numazu City, Shizuoka Pref., 410-0022 Japan

Business Overview

-Mainly manufactures and sells electric products and motors. Key products for automobiles are EPS motors, ABS motors and ESC motors.

Acquisition by Mahle

-On 23 June 2015, Mahle Japan has acquired 90.12% of the shares in Kokusan Denki through a tender offer bid. Kokusan Denki is slated to be delisted from the Tokyo Stock Exchange on July 24, 2015, in accordance with Mahle Japan's acquisition of Kokusan Denki's shares.

-Kokusan Denki Co., Ltd. announced that it will change its corporate name to MAHLE Electric Drives Japan Corporation on January 1, 2016. The Company is part of the Mahle Group, functioning as the Electric Drive and Applications Profit Center 2.

Shareholders

-Unlisted (As of Dec. 31, 2015)
Name or Company Name Investment Ratio (%)
MAHLE Japan Corporation 90.12


*On June 23, 2015, MAHLE Japan holds 90.12% of the Company's shares through a tender offer. In accordance with this transaction, the Company was delisted from the Tokyo Stock Exchange on July 24, 2015.

Products

Motors for electric power steering - EPS
Motors for anti-lock brake systems - ABS
Motors for electronic stability control systems - ESC
Magnetos; as ignition devices
Ignition coils
AC generators
DC brush motor for ABSs
DC actuator motor for vehicles
CD ignition units
Ignitors
Voltage regulators
Pulsars
Controllers
Safety controllers
Electronic governor systems
Gas heat pump control devices
Battery-less EFI

History

1931 Established in former Koujimati-ku, Tokyo to carry out the mission of localizing production of magnetos for airplane use (high-pressure magnetic electrical generators for engine ignition)
1942 Established Sunto factory in Numazu, Shizuoka.
1946 Changed production to meet civilian demand and re-opened the factory. Started production of magnetos in September of the same year.
1949 Moved the headquarters to Oooka, Numazu. Made the Sunto Factory into the headquarters factory.
1951 Began mass production of magnetos for motorcycles and various agricultural engine applications.
1956 Began production of magnetic exciting exchange generators.
1956 Invested in Hara Kogyo.
1957 Invested in Maruhachi Denki.
1961 Listed on the second section of the Tokyo Stock Exchange.
1963 Started production of small motors.
1967 Started production of exchange generators for fish-luring lights.
1968 Business tie-up with Hitachi.
1972 Changed the name of Maruhachi Denki to Kokusan Denki Buhin KK and made it a subsidiary.
1973 Invested in E-to Denki. (currently a consolidated subsidiary)
1986 Joint-venture company INDIA NIPPON ELECTRICALS LIMITED is established in India and Technology licensing to the joint venture begins.
1987 Received a commission from Hitachi, Ltd. to manufacture magnetos for motorcycle and outboard boat motors.
1991 Production of ABS motors begins, enters automotive market.
1992 Began direct sales of magnetos for motorcycle and outboard boat motors that were manufactured for Hitachi Seisaku-jo by commission.
1996 Established a joint venture Lang Fang Kokusan Electric Co., Ltd. to manufacture and sell electric products for motorcycles. It is currently an affiliated company accounted for under the equity method.
2004 Acquired the Gotenba factory of Tektronix Japan, Ltd., making it into its own production facility. (Located in the city of Gotenba, Shizuoka Prefecture.
2005 Started mass-production of Electric power steering motors.
2006 The entire operations of Kokusan Denki Buhin were transferred to Hara Kogyo, which combined operations of the two companies and changed the company name to Kokusan Tech, Ltd. (currently a consolidated subsidiary)
2007 Received ISO/TS 16949 certification. (ABS motors, EPS motors)
2013 MAHLE Japan Corporation has became a major shareholder of the Company.
2014 Established a consolidated subsidiary, Kokusan MAHLE Siam Co., Ltd. in Samut Prakan Province, Thailand.
2015 Mahle Japan Ltd. announced that it will acquire all outstanding shares of the Company by means of a tender offer.
Jun. 2015 MAHLE Japan holds 90.12% of the Company's shares through a tender offer. In accordance with this transaction, the Company was delisted from the Tokyo Stock Exchange.
Jan. 2016 The Company changed its corporate name to MAHLE Electric Drives Japan Corporation.

Supplemental Information 1