Murakami Corporation
Company Profile
■URL
https://www.murakami-kaimeido.co.jp/english/
■Address
11-5 Tenma-cho, Aoi-ku, Shizuoka-city, Shizuoka, 420-8550, Japan
Business Overview
-The Company is one of the largest manufacturers of automotive rear-view mirrors, with 40% of the market share in Japan. Non-affiliated.
-As of the fiscal year that ended Mar. 2022, sales for Toyota accounted for 28.8% of company-wide sales.
-Consisting of two business divisions: Mirror system business division and Opto-Electronics division. Capable of handling almost all processes of mirror system manufacturing in-house, from finishing mirror surfaces to electric systems.
Shareholders
| -From April 2022 moved to the Standard Market of the Tokyo Stock Exchange. | (As of Mar. 31, 2023) |
| Name or Company Name | Investment Ratio (%) |
| Houeisha | 15.30 |
| Individual Shareholder | 11.86 |
| BBH for Fidelity Low-priced Stock Fund | 6.96 |
| MUFG Bank, Ltd. | 4.97 |
| The Tachibana Securities Co., Ltd. | 4.30 |
| Shizuoka Nakajimaya Hotel Chain Co., Ltd. | 3.78 |
| Shizuoka Bank, Ltd. | 3.77 |
| Tokyo Small and Medium Business Investment & Consultation Co., Ltd. | 3.30 |
| Meiji Yasuda Life Insurance Company | 2.86 |
| Suruga Bank Ltd. | 2.77 |
| Total | 59.92 |
Products
-Outer Mirror
-Interior Rearview Mirror
-Blind Spot indicator Mirror(BSM)
-Power folding units
-Actuators
-Side Turn Signal Lamp
-Side Door Mirror Logo Lamp
-Door mirrors with foot light
-Reverse-gear combination mirrors
-Hydrophilic clear mirrors(HCM)
-Electronic Interior Rearview Mirror: Hybrid Inner Mirror
-Concave Mirror for HUD / Plane Mirror
-Antidazzle wide inner mirrors with indicators
-Heated washer
-Courtesy Projection Lamps
Opt + Electronics
-Dichroic Mirror
-UV Filter
-IR Filter
-Cold Mirror)
-Bandpass Filter
-Trimming Filter
-Half Mirror
-High-Reflectance Mirror (Metallic Surface Mirror)
-Curved Glass Mirrors
History
| Mar, 1948 | Established as Murakami Corporation, which succeeded "Kaimeido." Founded in 1882 as a manufacturer of mirrors and wholesaler of glass. |
| Sep, 1958 | Awarded a contract for rear-view mirrors from Toyota Motor Industries Co., Ltd. (currently, Toyota Motor Corporation) and started production. |
| Nov, 1967 | Established Fujieda plant in Fujieda City, Shizuoka Prefecture to expand rear-view mirror production. |
| Dec, 1967 | Awarded a contract for rear-view mirrors from Mitsubishi Heavy Industries Co., Ltd. (currently, Mitsubishi Motors Corporation). |
| Jan, 1975 | Established Shizuoka Auto Glass Co. jointly with Asahi Glass Corporation to separate the automotive glass sales division. |
| May, 1981 | Established Shizuoka Sun Mirror jointly with Asahi Glass Corporation and its exclusive distributor in Shizuoka City to separate the mirror and glass processing division from the Company. |
| Apr, 1983 | Established Kaitsu (Present name: Murakami Kaimeido Kasei) jointly with Tsutsunaka Plastic Industries Co., Ltd. and separated the chemical parts division. |
| Nov, 1991 | Listed in the Japan Securities Dealers Association (JSDA). |
| Mar, 1995 | Listed on the Second Section of the Tokyo Stock Exchange. |
| Oct, 1996 | Established Ooigawa plant in Fujieda City, Shizuoka Prefecture to enhance the capacity of rear-view mirror production. |
| Nov, 1997 | Established Murakami Ampas (Thailand) Co., Ltd. Jointly with Ampas Industry Co., Ltd. in Thailand. Started manufacturing of rear-view mirrors. |
| Dec, 1999 | Dissolved Shizuoka Sun Mirror. Consolidated its mirror and glass processing business with Murakami Kaimeido Techno. |
| June, 2000 | Established Murakami Manufacturing U.S.A. Inc. (a 100% subsidiary) in Kentucky as a site for the sales and production of rear-window mirrors. |
| July, 2001 | Established Murakami Manufacturing (Thailand) a 100% subsidiary, in Thailand as a site for the sales and production of rear-window mirrors. |
| Oct, 2001 | Established Murakami Manufacturing (Hong Kong) Co., Ltd. (a 100% subsidiary) to expand sales in field of opt-electronics in China. |
| Nov. 2002 | Established Jiaxing Murakami Ishizaki Corporation jointly with Ishizaki Honten Company, Limited as a manufacturing and sales base in China for rearview mirrors. |
| Mar. 2004 | Established Murakami Saikyu (Thailand) as a manufacturing and sales base for dies in Thailand, jointly with Saiku Seiki. |
| May, 2007 | Established Murakami Corporation Kyushu (a wholly owned subsidiary) in Asakura City, Fukuoka Prefecture, as a manufacturing and sales center for rear view mirrors. |
| Feb. 2008 | In China, Jiaxing Murakami Kaimeido Corporation acquired a license as a local production and sales base of back mirrors. |
| Feb. 2011 | Established Jiaxing OLSA Murakami Corporation, a production and sales company in China, through a joint investment with OLSA S.p.A. |
| Dec. 2011 | Constructed the Tsuiji Plant in Shizuoka, in order to augment its production framework for manufacturing rearview mirror systems. |
| Jul. 2012 | Merged and absorbed the operations of Jiaxing Murakami Kaimeido Corporation into Jiaxing Murakami Ishizaki Corporation, which became the surviving company. |
| Sep. 2012 | Changed the name of Jiaxing Murakami Ishizaki Corporation to Jiaxing Murakami Corp. |
| Nov. 2012 | Acquired 51% of the outstanding stock shares in PT Delloyd, a company in Indonesia manufacturing and selling rearview mirrors, turning it into a subsidiary. |
| Feb. 2013 | Changed the name of PT Delloyd to PT. Murakami Delloyd Indonesia. |
| Sep. 2013 | Established 100% subsidiary Murakami Corporation (Thailand) Ltd. for designing and preparing production of rear-view mirrors. |
| Feb. 2014 | Established 100% subsidiary Murakami Manufacturing Mexico, S.A. de C.V. for manufacturing and sales of rear-view mirrors. |
| Sep. 2016 | Invested 100% of the capital to establish Murakami Manufacturing India Private Ltd. in India. |
| Oct. 2016 | Established Foshan Murakami Corporation in Foshan, Guangdong, China. Foshan Murakami, which is a subsidiary of one of the Company’s subsidiaries, manufactures and sells automotive rearview mirrors. |
| Dec. 2017 | Established Murakami Germany GmbH for market research in Europe. |
| Jan. 2018 | Established Tianjin Murakami Corporation, which is a subsidiary of one of the Company’s subsidiaries, manufactures and sells automotive rearview mirrors. |
| Apr. 2022 | Moved to the Standard Market of the Tokyo Stock Exchange. |
Supplemental Information 1
Technology Licensing-out Agreement |
(As of Mar. 31, 2023) |
| Name | Contract contents | Contract period |
| Ken Sean Factory Co., Ltd. (Taiwan) |
To supply design and manufacturing technology on automotive rear-view mirrors to automakers in Taiwan (except Ford Lio Ho Motor) including Japanese automakers | Feb. 1, 2023- Jan. 31, 2024* |
| Ampas Industries Co., Ltd. (Thailand) |
To supply design and manufacturing technology on automotive rear-view mirrors | Feb. 1, 2023- Jan. 31, 2024* |
| Delloyd Industries (M) Sdn. Bhd. (Malaysia) |
To supply design and manufacturing technology on automotive rear-view mirrors | Feb. 1, 2023- Jan. 31, 2024* |
| Ficosa Do Brasil, Ltda. (Brazil) |
To supply design and manufacturing technology on automotive rear-view mirrors | From Sep. 1, 2004 to the completion of delivery of the products subject to the contract |
| Murakami Ampas (Thailand) Co., Ltd. | To supply design and manufacturing technology on automotive rear-view mirrors | Jul. 1, 2022- Jun. 30, 2023* |
| Murakami Manufacturing U.S.A. Inc. | To supply design and manufacturing technology on automotive rear-view mirrors | Jan. 1, 2023- Dec. 31, 2024* |
| Murakami Manufacturing (Thailand) Co., Ltd. | To supply design and manufacturing technology on automotive rear-view mirrors | Jun. 30, 2022- Jun. 29, 2023* |
| Jiaxing Murakami Corporation | To supply design and manufacturing technology on automotive rear-view mirrors | Aug. 1, 2022- Jul. 31, 2023* |
| Metagal Argentina S.A. (Argentina) |
To supply design and manufacturing technology on automotive rear-view mirrors | Jun. 1, 2022- May 31, 2023* |
| Alpha Toyo Limited (India) |
To supply design and manufacturing technology on automotive rear-view mirrors | Dec. 13, 2022- Dec. 12, 2023* |
| Metagal Industria e Comercio Ltda (Brazil) |
To supply design and manufacturing technology on automotive rear-view mirrors | Mar. 15, 2022- Mar. 14, 2023* |
| Murakami Manufacturing Mexico, S.A. de C.V. (Mexico) |
To supply design and manufacturing technology on automotive rear-view mirrors | Feb. 1, 2023- Jan. 31, 2024* |
| PT. Murakami Delloyd Indonesia (Indonesia) |
To supply design and manufacturing technology on automotive rear-view mirrors | Feb. 14, 2023- Feb. 13, 2024* |
* Contracts are renewed every year if both parties agree.
>>>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
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
Note: A figure in brackets ( ) indicates a loss
