Nishikawa Rubber Co., Ltd.

Company Profile

■URL

http://www.nishikawa-rbr.co.jp/english/index.php

■Address

2-2-8 Misasa-machi, Nishi-ku, Hiroshima-shi, Hiroshima-ken, 733-8510, Japan

Business Overview

-Major independent manufacturer of door seals.

-Boasts the largest market share in Japan of door weather-strips.

-The Company set up an alliance with Cooper Standard Automotive Inc. of the USA.



Financial Overview

-In FY ended March 2016, the Company generated consolidated sales of JPY 89.93 billion, which was a 2.2% increase on a year-over-basis (y/y). The Group's operating profit was JPY 6.63 billion (a 45.1% increase y/y), ordinary profit was JPY 6.61 billion (a 51.7% increase y/y), and net income (attributable to owners of parent company) was JPY 3.65 million (a 74.2% increase y/y).



Nishikawa Group's 2020 Vision

-Reaffirm that sealing and foam-forming technology form the basis of the Group, making them its areas of superior strength.
-Financial objectives:

  • Consolidated sales: JPY 100 billion and over
  • Consolidated operating margin: 10% and over
  • Consolidated ROA: 10% and over

Shareholders

-Listed on the second section of the Tokyo Stock Exchange. (As of Mar. 31, 2016)
Name or Company Name Investment ratio (%)
Individual shareholder 12.17
HI-LEX Corporation 6.20
Customer share holding commission 4.81
The Hiroshima Bank, Ltd. 4.78
Individual shareholder 3.74
Sumitomo Mitsui Trust Bank, Limited 3.13
The Yamaguchi Bank, Ltd. 2.72
Aioi Nissay Dowa Insurance Co., Ltd 2.70
Japan Trustee Services Bank, Ltd. (Trust Account) 2.60
Employee stock holdings 2.46
Total 45.35

Products

Products for Sedan Type
-Weatherstrips

  • Sunroof weatherstrips
  • Roof-side weatherstrips
  • Door mounted weatherstrips
  • Drip weatherstrips
  • Trunk lid weatherstrips
  • Body mounted weatherstrips

-Waist seals
-Glass run channels
-Insulators for electrical parts
-Hood seals
-Lamp packing seals
-Door hole seals

Products for Convertible Type
-Weatherstrips

  • Convertible header weatherstrips
  • Convertible roof-side weatherstrips
  • Door mounted weatherstrips

History

Apr. 1949 The company was founded. 
Dec. 1952 Established Osaka office in Higashi District (currently, Chuo District). 
Dec. 1954 Established Tokyo Office in Minato-ku, Tokyo.
Dec. 1961 Established Nagoya office in Naka-ku, Nagoya. 
Mar. 1963 Established Shiraki plant in Hiroshima.
Mar. 1964 Established Nishikawa Living Co., Ltd. (currently a consolidated subsidiary)
Feb. 1967 Nishikawa Bussan Co., Ltd. (currently a consolidated subsidiary)
Oct. 1967 Established a Fukuoka sub branch in Fukuoka city. (currently Fukuoka sales office)
Oct. 1968 Established Asa plant in Asakita-ku, Hiroshima city, Hiroshima pref.
Jun. 1969 Transferred the site of the Nagoya office to Kariya city, Aichi pref.
Sep. 1970 Transferred the site of the Tokyo office to Shinagawa-ku, Tokyo.
Oct. 1972 Established Toyohira Nishikawa Co., Ltd. (currently a consolidated subsidiary)
Nov. 1972 Established Nishikawa Rika Co., Ltd. (currently a consolidated subsidiary)
Mar. 1973 Established Hamamatsu sub branch in Hamamatsu city, Shizuoka pref.
Sep. 1978 Capital participation in Ushiroyama Kako Co., Ltd. (currently a consolidated subsidiary)
Aug. 1980 Set up Yoshida plant in Yoshida-machi, Takada-gun, Hiroshima pref.
Feb. 1983 Established Seiwa Logistics Co., Ltd. (currently a consolidated subsidiary)
Jan. 1985 Capital participation in Kyoei Rubber Inc. (currently a consolidated subsidiary, Ohasa Nishikawa Co., Ltd.)
Jul. 1985 Established Seiwa Industry Co., Ltd.  (currently a consolidated subsidiary)
Sep.1986 Established Nishikawa Standard Co., Ltd. in the USA as a joint venture with The Standard Products Company (currently Cooper Tire and Rubber Company)
Mar. 1989 Established Nishikawa of America Inc. (currently a consolidated subsidiary) in the USA. Nishikawa Standard Co., Ltd was formed into a joint venture with a subsidiary of The Standard Products Company.
Feb. 1990 Established Mihara plant in Mihara city, Hiroshima pref.
Jun. 1991 Established Nishikawa Rubber Yamaguchi Co., Ltd. (currently a consolidated subsidiary)
Nov. 1991 Listed on the Hiroshima Stock Exchange.
Oct. 1993 Established Nishikawa Engineering of America Inc. in Dearborn city, Michigan.
Aug. 1995 Established a joint venture company, Nishikawa Tachaplalert Rubber Company Ltd., with International Rubber Parts Co. of Thailand and Marubeni Co., Ltd. (currently, a consolidated company).
Aug. 1998 Established European office in Birmingham, England.
Mar. 2000 Listed on the Second Section of the Tokyo Stock Exchange. (Hiroshima Stock Exchange merged with the Tokyo Stock Exchange)
Dec. 2001 The Company established Shanghai Nishikawa Sealing Co., Ltd., a wholly owned subsidiary, in Shanghai, China.
Apr. 2002 Established Nishikawa Design Techno Co., Ltd. to Nishi-ku Hiroshima city. (currently a consolidated subsidiary)

Jun. 2003

Reorganized the Fukuoka branch office into the Yamaguchi branch office.

Jun. 2004

Established Guangzhou Nishikawa Sealing System Co., Ltd. in Guangzhou, China. It is a consolidated subsidiary.
May 2005 -Ushiroyama Chemical was renamed to Nishikawa Big Ocean.
(Ushiroyama Chemical took over sales activities of the automotive parts business divisions at Seiwa Industry and Toyohira Nishikawa, and a part of the sales functions at Ooasa Nishikawa, after merging and absorbing these operations. As a result, the company adopted its new name.)
-Ooasa Nishikawa changed its corporate name to Nishikawa Big Well as a result of merging and absorbing the  sales activities of the automotive parts business division at Nishikawa Ihara.

- Nishikawa Rubber merged and absorbed the equipment design and production business divisions of Ihara Nishikawa. As a result, Ihara Nishikawa was dissolved.

May 2005 Established Nishikawa Rubber (Shanghai) Trading Co., Ltd.
Nov. 2005 Nishikawa Rubber merged Nishikawa Rika into its operations, thus dissolving Nishikawa Rika.
Mar. 2007 Closed Seiwa Kogyo Hirakata Plant.
Apr. 2007 Merged Nishikawa Kasei Co., Ltd. (then equity method affiliate) with G.P. Daikyo Company and renamed Nishikawa Kasei, a surviving company, to Daikyo Nishikawa Co., Ltd. (now equity method affiliate)
Jul. 2007 Nishikawa of America Inc. merged with Nishikawa Engineering of America Inc.. Nishikawa Engineering of America was dissolved.
Jan. 2008 Nishikawa Bussan merged with Natulove Co., Ltd.. Natulove Co., Ltd. was dissolved.
Mar. 2008 Nishikawa Standard Company was changed to a Limited Liability Company (LLC), which is currently a subsidiary under the equity method of accounting.
Mar. 2011 -Nishikawa Bussan Co., Ltd. established Nishikawa Bussan Korea LLC in Gimhae City, Korea. The company is currently a consolidated subsidiary.
-The Company made an additional investment in Nishikawa Standard Company LLC, changing its name to Nishikawa Cooper LLC and making it its consolidated subsidiary.
-The Company transferred part of the shares it had held in Nishikawa Tachaplalert Rubber Co., Ltd. to Cooper Standard Automotive Inc.
Apr. 2012 Nishikawa Big Ocean absorbed the operations of Nishikawa Big Well, dissolving Nishikawa Big Well as a company.
Jan. 2013 Established PT. Nishikawa Karya Indonesia in West Java, Indonesia. (Current consolidated company)
Apr. 2014 Nishikawa Bussan Co., Ltd., as the surviving company, absorbed Seiwa Kogyo Co., Ltd., which will be dissolved as a result of this merger.
Nov. 2014 Nishikawa Cooper Mexico S.A. de C.V. changed its name to Nishikawa Sealing Systems Mexico S.A. de C.V.
May 2015

Nishikawa Sealing Systems Mexico S.A. de C.V. absorbed Nishikawa Management Service S.A. de C.V. into its own operations. Nishikawa Management Service was dissolved.

Jun. 2015 ALP Nishikawa Co., Ltd. was renamed to ALP Nishikawa Co., Pvt. Ltd.

Supplemental Information 1