Daido Metal Co., Ltd.

Company Profile

■URL

http://www.daidometal.com

■Address

13F Nagoya Hirokoji Bldg. 2-3-1 Sakae, Naka-ku, Nagoya-shi, Aichi-ken, 460-0008, Japan

Business Overview

-A major independent manufacturer of automotive bearings.

-In 2015, the Company had 31.8% of the automotive half-bearing market worldwide, and 32% of the share of the bearing market for small turbo chargers worldwide, according to the Company’s estimates.

-European car makers give high recognition to the Company's lead-free bearings.

Shareholders

-Listed on the first section of the Tokyo Stock Exchange and the Nagoya Stock Exchange. (As of Mar. 31, 2017)
Name or Company Name Investment Ratio (%)
Japan Trustee Services Bank, Ltd. 12.39
The Master Trust Bank of Japan, Ltd. 6.37
Sumitomo Mitsui Trust Bank, Limited. 4.40
Mizuho Bank, Ltd. 4.40
Bank of Tokyo-Mitsubishi UFJ, Ltd. 4.05
Tokio Marine and Nichido Fire Insurance Co., Ltd. 3.70
Daido Metal Yueikai Holding Commission 2.88
The Seri Wathana Industry Co., Ltd. 703000 2.22
Nisshin Steel Co., Ltd. 2.02
Marubeni-Itochu Steel Inc. 1.97
Total 44.40

Products

Bearings for automobiles
Bearings for automobile engines
-Piston pin bushes
-Half bearings
-Thrust washers
-Main Bearing
-Balancer Bearing
-Cam Bearing
-Connecting-rod Bearing

Other products
-Thrust bearings for turbochargers
-Floating bearings for turbochargers
-Throttle body bushes
-Trunk lid bushes/engine hood bushes
-Mechanical part bushes for front reclining seats
-Pump bushes for power steering units
-Tip seals for air conditioners; Scroll compressor
-Rack and pinion steering bushes
-Strut-type shock absorber bushes
-Starter bushes
-Transmission bush
-Fuel injection pump bush
-Bearings for sliding door
-Roller bearing
-Door stopper

History

Nov. 1936 Established as Daido Metal Co., Ltd.
Jun. 1937 Opened Nakagawa plant in Tamafune-cho, Minato-ku, Nagoya. 
Aug. 1943 Opened Kurokawa plant in Sanage Town, Kita District, Nagoya. (currently, the Nagoya manufacturing division of Maehara plant). 
Oct. 1943 Name changed to Daido Bearing Co., Ltd.
Jul. 1945 Relocated Nakagawa plant to Minami-mura, Gujo,  Gifu (currently, Gifu plant).
Apr. 1946 Name changed to Daido Metal Co., Ltd.
Oct. 1961 Listed on the Second Section of the Nagoya Stock Exchange.
Mar. 1962 Opened Inuyama plant in Maehara, Inuyama, Aichi. 
Jan. 1968 Established Taiho Industries Inc. jointly with a local investor in Taiwan, and  Japan Piston Ring Co., Ltd.  (Capitalized at 16 million RMB).
Aug. 1968 Opened Maehara plant on the premises of the Inuyama plant to manufacture large bearings.
Apr. 1971 Merged two metal manufacturers, Nagato Metal Co., Ltd. and Japan Metal Industries Co., Ltd.
Oct. 1971 Acquired 54.5% of the shares of Asia Kerumet Seisakusyo and took over the management.
Jan. 1973 Established Daina Metal Co., Ltd. jointly with Seri Wathana in Thailand  with capital of 7 million baht.
Mar. 1984 Established Daido Metal U.S.A. Inc., a wholly-owned subsidiary in Illinois, U.S.A. with capital of 100 million dollars.
Sep. 1984 Established Daido Metal U.S.A. Inc. and China Daido Metal Industries Inc. in Taiwan.
Jan. 1989 Established Dong Sung Metal Co., Ltd. jointly with a local investor in the Republic of Korea with capital of 2.6 billion won.
Sep. 1991 Established PT. Daido Metal Indonesia jointly with a local investor in Indonesia,  Empire Automotive Co., Ltd. with capital of 2.5 million dollars.
May. 1996 Acquired 31% of the shares of NDC Co., Ltd.
Dec. 1996 Established Daido Metal America Corp. (capital of 9 million dollars). In January, 1997, Daido Metal America established Glacia Daido America L.L.C. (capitalized at USD 20.051 million) jointly with T&N, England.
Apr. 1997 Established Daido Metal Sales Company, a wholly-owned subsidiary (capitalized at 230 million yen).
Sep. 1997 Listed on the First Section of the Nagoya Stock Exchange.
Mar. 2000 Established DMC Co., Ltd., a wholly-owned subsidiary (capitalized at 10 million yen).
Nov. 2000 Established New Wave Co., Ltd. (capitalized at 10 million yen) jointly with Enable Corporation, US.
Dec. 2001 Established BBL Daido Pvt. Ltd. jointly with Bi-Betal Bearings of India. (The new entity is capitalized at 50 million rupees. The Company's shareholding ratio : 40.0%)
Jan. 2002 Established Daido Metal Kotor Ltd. jointly with a local investor in the Republic of Montenegro. (Paid-in capital of 9,067 euro, the Company's shareholding ratio : 51.0%)
Oct. 2002 Closed Nagoya plant after transferring all the production equipment to Inuyama Plant and Gifu Plant.
Dec. 2002 Established Daido Precision Metal (Suzhou) Co., Ltd. as a joint venture with China Daido Metal Industries Inc. (Paid-in capital of 11,126 thousand yuan, the shareholding ratio of the Company : 50%)
Mar. 2004 Listed shares and convertible bonds on the second section of the Tokyo Stock Exchange.
Mar. 2005 Listed shares and convertible bonds on the first section of the Tokyo Stock Exchange.
Jun. 2006 China Daido Metal Industries Inc. in Taiwan adopted the name Chung Yang Daido Co., Ltd.
Mar. 2007 Completed the liquidation of Taiho Industries Inc. in Taiwan.
Sep. 2007 Acquired ZMZ-Bearings LLC and made the Russian company its wholly owned subsidiary under a new name, Daido Metal Russia LLC.
Nov. 2007 Established Daido Rebuild Service Inc. in the Philippines as a local company, with Daido Metal Sales Co., Ltd. owning a 55% stake.
Dec. 2007 Completed the dissolution of New Wave Co., Ltd.
Mar. 2008 Discontinued production at the Tokyo Plant.
Sep. 2008 Discontinued production at the Saitama Plant.
Jun. 2009 Discontinued operations at Daido Metal America Corp. and Daido Metal Bellefontaine LLC.
Sep. 2010 Dissolved and liquidated Daido Metal America Corp. and Daido Metal Bellefontaine LLC.
Feb. 2012 Established Daido Metal Mexico S.A. de C.V. as a subsidiary.
Jul. 2012 Established Daido Industrial Bearings Japan Co. ,Ltd. as a consolidated subsidiary.
Aug. 2013 Dissolved and liquidated Daido Rebuild Service, Inc.
Jan. 2014 Established Daido Metal Mexico Sales, S.A. de C.V. as a subsidiary.
Apr. 2015 Established Daido Metal Saga Co, Ltd., a consolidated subsidiary.
Dec. 2016 Acquired all the stock shares in Iino Holding Co., Ltd., which is now a consolidated subsidiary.
Jan. 2017 Acquired all the stock shares in ATA Casting Technology Japan, Co., Ltd., which is now a consolidated subsidiary.

Supplemental Information 1