Chuo Malleable Iron Co., Ltd.

Company Profile

■URL

http://www.chuokatan.co.jp/en/

■Address

1-300 Asadahirako, Nissin, Aichi 470-0128, Japan (Nissin Plant)

Business Overview

-The Company is a manufacturer of automotive cast-iron products and aluminum cast parts.

-The Company's business operations are separated into the following two sectors:

  • Die-casting Business: deals in automotive parts, industrial-vehicle parts, industrial-robot parts
  • Metal Furniture Business: deals in various types of chairs/ furniture for offices and facilities.

Financial Overview

-In FY ended March 2016, the Company generated consolidated sales of JPY 22.45 billion, which was a 4.5% decrease on a year-over-basis (y/y). The Group's operating profit was JPY 311 million (a 48.2% decrease y/y), ordinary profit was JPY 1.08 billion (an 18.5% decrease y/y), and net income (attributable to owners of parent company) was JPY 896 million (a 17.0% decrease y/y). Sales at its Die-casting Business accounted for 96% of the Company's overall sales.

Shareholders

-Listed on the second section of the Nagoya Stock Exchange. (As of Mar. 31, 2016)
Company Name or Name Investment Ratio (%)
Toyota Motor Corp. 5.14
The Bank of Tokyo-Mitsubishi UFJ Ltd. 4.28
Dai-ichi Mutual Life Insurance Co. 4.28
Sumitomo Mitsui Banking Corp. 3.89
CMC Cooperative Stockholding Group 3.39
Employees' Stockholding 3.07
Sintokogyo, Ltd. 2.98
Aioi Nissay Dowa Insurance Co., Ltd 2.95
Japan Trustee Services Bank, Ltd. (Trust Account 4) 2.85
The Bank of Nagoya, Ltd. 2.81
Total 35.70

Products

Engine support brackets
Alternator brackets
Pump brackets
Differential component supports
Axle hubs
Knuckle steering systems
Carburetor mount brackets
Spring brackets
Gear boxes
Door hinges
Housings

History

Jun. 1930 Established Takeyama Casting Works for normal pig iron casting.
May 1933 Started Takeyama Casting Malleable to produce malleable iron products.
Jan. 1944 Combined Adachi Machine Works and Sebe Iron Works
Into a machining division and incorporated it into Chuo Malleable Iron Co., Ltd.
May 1946 Started production of tools made mainly from malleable iron.
May 1948 Started business with Toyota Jidousha Kogyo (currently Toyota Motor Company) as a tie-up plant.
Mar. 1959 Built the Nisshin Plant in Nisshin-cho, Aichi. (currently Nisshin City, Aichi)
Sep. 1960 Listed on the second section of the Nagoya Stock Exchange.
Apr. 1968 Established Toki Malleable Iron Co., Ltd. (currently a consolidated subsidiary) as a plant specializing in malleable iron products.
Oct. 1973 Set up the Kumamoto Plant in Otsu-cho, Kikuchi-gun, Kumamoto.
Feb. 1981 Acquired plant site (33,053m2) in Toki City, Gifu.
Mar. 1988 Changed the fiscal closing date from November 30 to March 31.
Oct. 1993 Completed developing land for the planned Toki Plant.
Apr. 2001 Signed a contract with Ishikawa Malleable Iron to establish a joint venture "Suzhou Ishikawa Iron Manufacturing Co., Ltd." in China (currently an affiliated firm) to produce ductile cast products.
May 2001 Acquired ISO14001.
Jan. 2002 Suzhou Ishikawa Iron Manufacturing Co., Ltd. started production.
Mar. 2006 Turned Toki Malleable Iron Co., Ltd. into a wholly owned subsidiary through a stock swap. (The company is currently a consolidated subsidiary.)
Nov. 2012 Constructed a new casting plant at Suzhou Chuo Malleable Iron Co., Ltd., the second one on the premises.

Supplemental Information 1