Ogura Clutch Co., Ltd.

Company Profile

■URL

https://www.oguraclutch.co.jp/en/

■Address

2-678 Aioi-cho, Kiryu-shi, Gunma-ken, 376-0011 Japan

Business Overview

-The Company is a major supplier of clutches for car air conditioners.

Business Highlights

-The Company’s financial results for the fiscal year that ended in March 2024 are as follows.
Consolidated sales: JPY 43,491 million (1.6% decrease year-over-year)
Operating loss: JPY 320 million
Ordinary loss: JPY 229 million
Current net loss attributable to the parent-company’s shareholders: JPY 598 million

Shareholders

-Listed on the Standard Market of the Tokyo Stock Exchange.

(As of Mar. 31, 2024)

Name or Company name	Investment Ratio (%)
Daiichi Kyoei Building	19.23
Customer share holding commission	11.52
Individual shareholder	5.52
The Towa Bank, Ltd.	4.96
The Gunma Bank, Ltd.	4.94
Mizuho Bank, Ltd.	3.35
Employee stock holdings	3.07
Individual shareholder	2.53
Individual shareholder	1.74
Individual shareholder	1.53
Total	58.44

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Products

Clutches for car air conditioners
Clutches for super chargers
Solenoid for powertrain

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History

May 1938	Ogura Hiroshi, founder, established Ogura Manufacturing Co., Ltd in Kamata, Tokyo (currently, Ota ,Tokyo) to manufacture multi-sheet clutches for machine tools.
Apr. 1944	Relocated its plant to Aioi Village, Yamada District, Gunma Prefecture. (currently, Aioi Town, Kiryu City).
Oct. 1946	Started manufacturing power generator lamps for bicycles.
May 1948	Established Ogura Precision Industrial Co. to manufacture precision parts for machine tools.
May 1952	Stopped operations at Ogura Manufacturing and at Ogura Precision Industrial Co. Asaka Kogei Co. continued these operations.
Feb. 1954	Established Asaka Kogei Co. Ltd.
Apr. 1957	Name changed from Asaka Kogei Co. Ltd. to Ogura Manufacturing Co.
Dec. 1996	Established Ogura S.A.S. in France. (currently, a consolidated company).
Jan. 1998	Established Ogura Industrial Corporation in New Jersey, U.S. (currently, a consolidated company).
Aug. 1999	Issued yen-based convertible bards worth 30 billion yen in total.
Oct. 1999	Established Ogura Clutch de Brazil Ltda. in San Paulo, Brazil. (currently, a consolidated company).
Jun. 2000	Established Hyuron parts Precision Parts Corporation in Madison Heights, Michigan, U.S. (currently, a consolidated company).
Feb. 2001	Established manufacturing plants in South Korea and Malaysia. In Korea, established a joint venture company and was awarded a contract from an automobile air conditioner manufacturer. In Malaysia, will independently advance into the market by 2003.
Mar. 2001	Plans to expand sales of super chargers from the current 0.8% to 3%. Awarded a contract for passenger vehicle super chargers from both Carlson Auto Tecnic and Mercedes Benz of Germany.
Apr. 2001	Reviewed and optimized production lines at Kourin plant and Sekibori Plant.
Jul. 2001	Expanded its French subsidiary's local procurement and manufacturing capacity. Plants to increase the local purchase ratio from 25% at the start of fiscal 2000 to 70% in fiscal 2002.
Nov. 2001	Established Ogura Clutch Malaysia Sdn. Bhd. in Shahalam, Selangor Malaysia
Feb. 2002	Formed a capital tie-up with Koyo Techno (currently a consolidated subsidiary). Following this, Maruhiro Seisakusho became a quasi-subsidiary (owned indirectly).
May, 2003	Established Ogura Clutch (Dong Guan) Co., Ltd. in Dongguan, Guangdong province, China.
Jun. 2004	Established Ogura Clutch (Wuxi) Co., Ltd. in Wuxi, Jiangsu province, China.
Dec. 2004	Listed on the Jasdaq Securities Exchange.
Sep. 2006	The Company made an additional investment in Toyo Clutch Co., Ltd., making it its subsidiary. (It is now a consolidated company.)
Jan. 2007	Changed the name of its subsidiary, Koyo Techno, to Ogura Techno.
Dec. 2007	Hyuron Precision Parts Corporation disappeared as a result of a merger which made Ogura Corporation (currently a consolidated subsidiary) a surviving company.
Jul. 2008	Established Ogura Clutch Thailand Co., Ltd. in Amata City, Rayong Province, Thailand. The company is currently a consolidated subsidiary.
Apr. 2010	Listed on the Osaka Securities Exchange JASDAQ (Standard), after the merger of the JASDAC and Osaka Securities Exchange.
May 2013	Established Ogura Clutch (Changxing) Co., Ltd. in Huzhou, Zhejiang province, China.
Jun. 2014	Established Ogura Clutch India Pvt. Ltd. in Haryana, India.
Aug. 2015	Closed Plant No. 2 and transferred production operations to the Akahori Plant
Aug. 2016	Completed the liquidation of Ogura Clutch Malaysia Sdn. Bhd.
Mar. 2018	Completed the liquidation of Ogura Techno.
May 2018	Formed Sansen Company (preparatory company).
Jul. 2018	Succeeded in acquiring all the operations in Sansen Company, which was a spin off, changing the name to Sansen Preparatory Company, a non-consolidated subsidiary.
Jul. 2018	Changed the corporate name of Sansen Philippines located in Calamba, Laguna Province, Philippines to Ogura Clutch Philippines, Inc., a non-consolidated subsidiary.
Apr. 2019	Acquired equity shares in Sunaga (Dongguan) Co., Ltd., turning it into a consolidated subsidiary.
Apr. 2022	Moved to the Standard Market of the Tokyo Stock Exchange, from the JASDAQ Standard Market, due to the TSE's reorganization.
May 2022	Renamed Sansen Co., Ltd. to Ogura Electric Co, Ltd.
Oct. 2023	Relocated Ogura Clutch Philippines, Inc. to Lipa, Batangas, Philippines.