Ogura Clutch Co., Ltd.

Company Profile

■URL

http://www.oguraclutch.co.jp/e/

■Address

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

Business Overview

-Major manufacturer of clutches for car air-conditioners.

Business Highlights

-In FY ended March 2016, the Company generated sales of JPY 38,664 million (a 4.5% increase year-over-year (y/y)), operating profit of JPY 1,043 million (a 9.7% increase y/y), and ordinary profit of JPY 517 million (a 50.3% decrease y/y) on a consolidated basis. Its net income attributable to owners of parent company totaled JPY 171 million (a 58.2% fall y/y).

Topics

  • Japan: the Company's electromagnetic clutches were adopted for superchargers used in the Nissan Note.
  • The Company's reinforced clutch lineup consists of single-plate to four-plate versions.
  • India: Ogura Clutch India began producing car air conditioner electromagnetic clutches for a Japanese compressor supplier in February 2016.
  • China: the Company plans to establish a car air conditioner clutch plant in Zhejiang Province, China.

Mid-term business plan

-In May 2016, the Company announced its mid-term business plan for April 2016 - March 2019.
<Financial targets for FY ending March 2019 (consolidated basis)>

  • Sales: JPY 50 billion
  • Operating profit margin: 5%  



Shareholders

-Listed on the JASDAQ Standard. (As of Mar. 31, 2016)
Name or Company name Investment Ratio (%)
Daiichi Kyoei Building 14.13
Customer share holding commission 7.87
Individual shareholder 5.26
The Towa Bank, Ltd. 4.77
The Gunma Bank, Ltd. 4.75
IO Ltd. 4.39
Mizuho Bank, Ltd. 3.77
Individual shareholder 2.76
Employee stock holdings 2.16
Fukoku Mutual Life Insurance Company 1.51
Total 51.43

Products

Clutches for car air conditioners
Super chargers

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. 2016 第二工場を閉鎖、生産を赤堀工場に移管。

Supplemental Information 1