Topre Corporation

Company Profile

■URL

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

■Address

3-12-2, Nihonbashi, Chuo-ku, Tokyo 103-0027, Japan

Business Overview

-Non-affiliated major pressed (stamped) parts supplier.

-It manufactures and sells mainly pressed (stamped) products, constant temperature logistics products, air-conditioning equipments and electronic equipments.

Financial Results Highlights

-The Company’s financial results for the fiscal year that ended in March 2019 are as follows.
Consolidated sales: JPY 201.3 billion (5.3% increase year-over-year)
Operating income: JPY 19.9 billion (15.9% decrease year-over-year)
Ordinary income: JPY 21.7 billion (12.0% decrease year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 15.3 billion (9.0% decrease year-over-year).

Recent Business Developments
Increase global production capacity for hot pressed (stamped) parts
-The Company will increase production capacity for hot pressed (stamped) parts by installing new production lines at its subsidiaries. By the fiscal year that ends in March 2021, Topre Kyushu Corporation will install a hot press line at a new plant that is being constructed in Karita Town, Fukuoka Prefecture, and Topre Autoparts Mexico, S.A. de C.V. in Queretaro, Mexico, will also install a line. Topre America Corporation will install a second line at its plant in Alabama, U.S. Automakers are required to reduce vehicle weight to improve fuel efficiency and electric vehicle travel distance in order to address tightening environmental standards around the world. Topre is aiming to address growing demand for hot pressed parts from Japanese automakers. (From an article in the Nikkan Jidosha Shimbun on April 27, 2018)

Tied-up with Mitsuike Corporation and make it a consolidated subsidiary
-Announced a capital tie-up with Mitsuike Corporation based in Yokohama, Japan, making it a consolidated subsidiary on May 9. The aim of this tie-up is to enhance competitiveness in the Kanto region around Tokyo by making Mitsuike Corporation, which has two manufacturing sites in Kanto, its subsidiary. The two companies have business bases in China. Topre says they may collaborate in China in the future. (From an article in the Nikkan Jidosha Shimbun on April 16, 2019)

14th Mid-term Management Plan (from FY ending in March 2018 to fiscal year ending in March 2020)

Financial targets for the fiscal year ending in March 2020.
- Consolidated sales: JPY 200.0 billion
- Operating income: JPY 24.0 billion
- Return on Equity (ROE): 11.0% or more

Shareholders

-Listed on first section of Tokyo Stock Exchange. (As of Mar. 31, 2019)
Name or Company Name Investment Ratio (%)
Japan Trustee Services Bank, Ltd. 11.60
The Master Trust Bank of Japan, Ltd. 5.75
Individual shareholder 5.05
Resona Bank, Ltd. 4.74
Mitsubishi UFJ Trust and Banking Corporation 4.73
Nippon Life Insurance Co. 4.06
Sumitomo Life Insurance Co. 2.71
Customers share holding commission 2.62
Mizuho Bank 2.40
Nippon Steel Corporation 1.89
Total 45.55

Products

Automotive pressed products
Radiator core supports
Front pillars
Center pillars
Rear pillars
Wheel houses
Door beams
Battery cases for electric vehicles

History

Apr. 1935 Established Tokyo Stamp Works Co. Ltd. in Kouto-ku, Tokyo with capital of 300,000 yen. Mainly engaged in stamping and assembly of sheet metal.
Oct. 1937 Acquired Jotoh Kogyo.
Jan. 1958 Acquired Tokyo Die-Cast Co. Ltd.
July 1960 Set up a die-cast plant in Kanagawa, and named it the Sagamihara Plant.
Oct. 1963 Set up an assembly plant in the Sagamihara Plant. combining it with a die-cast plant and stamping plant.
March 1964 Set up a stamping and assembly plant in Hiroshima (currently East Hiroshima City) and named it the Hiroshima Plant.
July 1964 Moved the headquarters from Kouto-ku to Chuo-ku, Tokyo.
July 1965 Merged the Tokyo Plant into the Sagamihara Plant.
Jan. 1968 Established a stamping plant and die-cast plant in the Sagamihara Plant.
Aug. 1978 Established a representative office in the US.
Oct. 1985 Changed the Company name to Topre Corporation.
May 2000 Started constructing in June 2000 a 2.5 billion yen new plant in Kyusyu to produce press parts for Toyota and Nissan factories in Kyusyu. Topre plans to supply the parts, currently produced at Hiroshima Plant.
July 2000 The refrigerator sales subsidiary of Topre, Topurec, strengthened its sales and service functions in the Kansai area, relatively weak as compared with the Tokyo area.
Nov. 2000 Topre has developed, jointly with a steel plate maker, the strongest, 150-kilogram tension press parts for the body of a car.
Nov. 1999 Established Topre Kyusyu Co., Ltd. in Tanushimaru-machi, Ukiha-gun, Fukuoka, Japan with capital of 100 million Yen.
June 2002 Established Topre America Corporation in Cullman, Alabama, USA. Topre America is currently a consolidated subsidiary capitalized at 25 million yen as of March 31, 2009.
Apr. 2008 Established Topre Saitama Co., Ltd. in Tokigawa Town, Saitama Prefecture. Topre Saitama is capitalized at 100 million yen and is currently a consolidated subsidiary.
Jan. 2010 Established Topre (Foshan) Autoparts Corporation, wholly investing 2 billion yen in capital. The company is a consolidated subsidiary.
Dec. 2010 Established Topre Thailand Co., Ltd., currently a consolidated subsidiary, in Bangkok.
Feb. 2012 Established Topre Xiangyang Automobile Parts Co., Ltd., currently a consolidated subsidiary, in Xiangyang, Hubei Province.
Mar. 2012 Established Topre Autoparts Mexico,S.A de C.V., currently a consolidated subsidiary, in Querétaro.
Jan. 2014 Established a new plant in Suzuka, Mie Prefecture (the Suzuka Plant), which produces automotive equipment.
Oct. 2015 Established a new production plant, Topre (Thailand) Co., Ltd., in Samut Prakan Province in Thailand.
Jan. 2016 Turned Topre Tokai Corporation (Inabe-gun, Mie Pref. ) into a wholly owned subsidiary (now a consolidated subsidiary capitalized at JPY 490 million).
Apr. 2017 The operations of Topre Saitama, a consolidated subsidiary, were merged into the Company’s operations. The Suzuka Plant operations were transferred to Topre Tokai.
Oct. 2017 The operations of Topre Gifu, a consolidated subsidiary, were merged into the Company’s operations.
Mar. 2019 Established Topre (Wuhan) Autoparts Corporation, wholly investing 500 million yen in capital. The company is a consolidated subsidiary.

Supplemental Information 1