Fine Sinter Co., Ltd.

Company Profile

■URL

http://www.fine-sinter.com/english/

■Address

1189-11 Nishinohora, Akechi-cho, Kasugai-shi, Aichi-ken, 480-0303, Japan

Business Overview

-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.

Financial Highlights

-The Company’s financial results for the fiscal year that ended in March 2019 are as follows.
Consolidated sales: JPY 40.5 billion (3.9% increase year-over-year)
Operating income: JPY 1.7 billion (4.4% decrease year-over-year)
Ordinary income: JPY 1.5 billion (3.3% decrease year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 816 million (76.7% increase year-over-year).

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%

Shareholders

-Listed on the Second Section of the Tokyo Stock Exchange. (As of Mar. 31, 2019)
Company Name Investment Ratio (%)
Toyota Motor Corp. 20.90
Denso Corp. 5.01
KYB Corporation 5.01
Employee stock holdings 4.24
Aisin Seiki Co., Ltd. 3.08
Sumitomo Electric Industries, Ltd. 2.93
Kiyosato Chuo Auto Camp Ground Corporation 2.30
MUFG Bank, Ltd. 2.29
Sumitomo Mitsui Trust Bank, Ltd. 2.27
JFE Steel Corporation 2.14
Total 50.22

Products

Powder metal products
Engine components
-Valve seats
-Valve guides
-Titanium valves
-Variable Valve Timing parts
-Turbocharger parts
-Sprockets

Transmission components
-Levers
-Parking related parts
-Column shift parts
-Synchronizer parts

  • Hubs
  • Rings

Shock absorber components
-Pistons
-Rod guides
-Valve cases

Others
-Body parts
-ABS sensor parts
-Power steering pump parts

History

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