Fine Sinter Co., Ltd.
-Manufacturer of powder metallurgy products in the Toyota group.
-In October 2002, the Company merged Tokyo Sintered Metals and Japanese Powder Metallurgy into the Company.
-The Company’s financial results for the fiscal year that ended in March 2017 are as follows.
Consolidated sales: JPY 37.5 billion (2.5% decrease year-over-year)
Operating income: JPY 2.2 billion (0.1% increase year-over-year)
Ordinary income: JPY 2.0 billion (1.0% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 1.1 billion
(7.5% increase year-over-year).
Sales of automotive parts account for 90.1% of total sales.
- USA: The US subsidiary built a second production plant, which began commercial operations in June 2017. It is engaged in producing automotive transmission parts and engine parts for the latest products built on the Toyota New Global Architecture (TNGA).
- Thailand: The Company established its business operations in Thailand, positioning the country as the production hub for the ASEAN Region.
- Indonesia: The Company launched production of new engine and drivetrain products from FY 2016. In addition, from May 2016, it started optimizing its global production operations producing shock-absorber parts.
- China: CVT production is stable, and the Company is aiming to improve productivity and profitability, while expanding its sales network.
- Japan: valve seat production is being integrated into the Shiga Plant.
Mid-term Management Plan 2020
-In Aug. 2016, the Company announced Mid-term Management Plan (FY Mar. 2016 - FY Mar. 2021)
<Management Index for FY Mar. 2021>
- Consolidated sales: JPY 46.5 billion
- Consolidated operating margin: 10%
- Percentage of sales generated outside Japan: 40%
|-Listed on the Second Section of the Tokyo Stock Exchange.||(As of Mar. 31, 2017)|
|Company Name||Investment Ratio (%)|
|Toyota Motor Corp.||20.81|
|Employee stock holdings||3.82|
|Aisin Seiki Co., Ltd.||3.06|
|Sumitomo Electric Industries, Ltd.||2.92|
|Kiyosato Chuo Auto Camp Ground Corporation||2.29|
|The Bank of Tokyo-Mitsubishi UFJ, Ltd.||2.28|
|Sumitomo Mitsui Trust Bank, Ltd.||2.26|
|JFE Steel Corporation||2.13|
Powder metal products
-Variable Valve Timing parts
-Parking related parts
-Column shift parts
Shock absorber components
-ABS sensor parts
-Power steering pump parts
|Dec. 1950||Established in Maeno-cho, Itabashi-ku, Tokyo. Started production of powder metallurgy products.|
|Apr. 1952||Established and started operations at a new plant in Azukizawa-cho, Itabashi-ku, Tokyo.|
|Aug. 1955||Established the Nagoya Office in Chigusa-ku, Nagoya.|
|Feb. 1958||Started production of automotive machine parts.|
|Jul. 1958||Received Japan Industrial Standard (JIS) certification (Approval No. 6073).|
|Nov. 1960||Established and started operations at the Kasugai Plant in Kasugai, Aichi.|
|Oct. 1995||Transferred the Nagoya office to the Kasugai plant and the Tokyo office to the Kawagoe plant.|
|May 1996||Established Thai Fine Sinter Co., Ltd., a joint venture in Thailand (invested 36% of capital).|
|Aug. 1998||Moved the administrative division to the Kawagoe plant.|
|Jan. 2000||Established the technology development center at the Kasugai Plant.|
|Apr. 2001||Constructed an office building at the Kawagoe plant.|
|Jul. 2001||Established a joint venture, American Finesinter Co., Ltd. (invested 51% of capital).|
|Oct. 2002||Merge with Japan Powder Metallurgy, and the name of the company changed to Finesinter.|
|Oct. 2002||Made Sanshin (currently Fine Sinter Sanshin Co., Ltd.) the Company's wholly owned subsidiary through a stock acquisition.|
|Nov. 2002||Integrated the Osaka office in its relocation to Ibaraki-city, Osaka|
|Dec. 2002||Integrated the Nagoya office in its relocation to Toyoda-city, Aichi.|
|Dec. 2002||Integrated the Tokyo office in its relocation to Chiyoda-ku, Tokyo.|
|Jan. 2003||The entire company is ISO14001 certified.|
|Jan. 2004||The entire company is ISO9001 certified.|
|Jun. 2004||Established a joint venture, Precision Sintered Products (Wuxi) Co., Ltd. in China, investing 51% of the capital.|
|Jul. 2005||Transferred the Tokyo Sales Office to its Kanagawa Plant site.|
|Jan. 2008||Constructed a new headquarters building in Kasugai city, Aichi prefecture, and moved its headquarters and technical departments.|
|Apr. 2009||All Company facilities obtained ISO/TS16949 certification.|
|Aug. 2009||Consolidated the Nagoya office into the headquarters building.|
|Mar. 2010||Dissolved Fine Sinter Engineering Co., Ltd., which was the Company’s non-consolidated subsidiary.|
|Mar. 2011||Acquired the outstanding shares of Fine Sinter Sanshin Co., Ltd., making it a wholly owned subsidiary.|
|Sep. 2012||Establislhed PT. Fine Sinter Indonesia, which is currently a consolidated subsidiary.|
|Apr. 2017||Listed on the Second Section of the Nagoya Stock Exchange|
Supplemental Information 1
>>>Business Report 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
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
Note: A figure in brackets ( ) indicates a loss