Ogura Clutch Co., Ltd.
-Major manufacturer of clutches for car air-conditioners.
-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).
- 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%
|-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|
|The Towa Bank, Ltd.||4.77|
|The Gunma Bank, Ltd.||4.75|
|Mizuho Bank, Ltd.||3.77|
|Employee stock holdings||2.16|
|Fukoku Mutual Life Insurance Company||1.51|
Clutches for car air conditioners
|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.
Supplemental Information 1
>>>FY ended Mar. 31, 2008 Business report
>>>FY ended Mar. 31, 2009 Business report
>>>FY ended Mar. 31, 2010 Business report
>>>FY ended Mar. 31, 2011 Business report
>>>FY ended Mar. 31, 2012 Business report
>>>FY ended Mar. 31, 2013 Business report
>>>FY ended Mar. 31, 2014 Business report
>>>FY ended Mar. 31, 2015 Business report
>>>Ogura Clutch Investor Relations
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
Note: A figure in brackets ( ) indicates a loss