Daido Metal Co., Ltd.

Company Profile

■URL

https://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.

-Sales of automotive bearings accounted for 69.1% of sales in the fiscal year that ended in March 2024.

-The Company had a 33.3% share in the global engine-bearing market in 2023, according to the Company’s estimate.

Shareholders

‐Listed on the Prime Market of the Tokyo Stock Exchange and the Premium Market of the Nagoya Stock Exchange.

(As of Mar. 31, 2024)

Name or Company Name	Investment Ratio (%)
The Master Trust Bank of Japan, Ltd.	9.56
Sumitomo Mitsui Trust Bank, Limited. (Standing proxy: Custody Bank of Japan, Ltd.)	4.16
Mizuho Bank, Ltd. (Standing proxy: Custody Bank of Japan, Ltd.)	4.16
Custody Bank of Japan, Ltd.	4.10
Daido Metal Employee Stock-Ownership Plan	3.96
Daido Metal Yueikai Holding Commission	3.88
MUFG Bank, Ltd.	3.83
Tokyo Marine and Nichido Fire Insurance Co., Ltd.	2.33
The SERI WATHANA INDUSTRY CO., LTD. 703000 (Standing proxy: Mizuho Bank, Ltd.)	2.10
Marubeni-Itochu Steel Inc.	1.86
Total	39.97

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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
-Cylinder head covers
-PCU cases
-Inverters
-Cylinder blocks
-Steering-system parts, housings
-Transfer cases
-Electric-power-steering parts, gear housings
-Bearings and sub-assemblies for suspensions
-Brake bearings
-Bearing materials for wipers

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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.
Jan. 2018	Established DM Casting Technology Co., Ltd. in Thailand (currently a consolidated subsidiary).
Oct. 2018	Acquired 30% of the equity shares in NPR of Europe GmbH (Germany), making it a consolidated subsidiary based on the equity method of accounting.
Apr. 2022	Moved from the First Section to the Prime Market due to a review of the Tokyo Stock Exchange's market segmentation. Moved from the First Section to the Premier Market due to a review of the Nagoya Stock Exchange's market segmentation.
Oct. 2023	The Company, as the surviving company, merged and absorbed the operations of Asia Kelmet Co., Ltd., currently a consolidated subsidiary