TBK Co., Ltd.

Company Profile

■URL

http://www.tbk-jp.com/index_en.htm

■Address

4-21-1, Minami-Naruse, Machida, Tokyo 194-0045, Japan

Business Overview

-The Company is a supplier of automotive and industrial-equipment water pumps and oil pumps for brakes and engines. It is the largest company manufacturing brakes for commercial vehicles in Japan, with a strong presence in the retarder business.

-Below is a breakdown of the Company's market share of products for commercial vehicles in Japan, based on the Company's own studies.

  • Brakes: 71%
  • Water pumps: 65%
  • Oil pumps: 85%

Financial Results Highlights

-The Company’s financial results for the fiscal year that ended in March 2018 are as follows.

Consolidated sales: JPY 51.4 billion (10.1% increase year-over-year)
Ordinary income: JPY 2.2 billion (19.8% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 1,033 million

-The sales breakdown by product segment in the fiscal year 2018 are as follows:

  • Brakes: 42.2%
  • Pumps: 37.2%
  • Engine parts: 17.9%

13th Mid-term Management Plan (from fiscal year ending in March 2017 to fiscal year ending in March 2019)

-Financial targets for the fiscal year ending in March 2019
Consolidated sales: JPY 55 billion
Consolidated operating income: PY 4.4 billion
Consolidated operating profit margin: 8%

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2018)
Name or Company Name Investment ratio (%)
Isuzu Motor Ltd. 9.54
BBH FOR FIDELITY PURITAN TR: FIDELITY SR INTRINSIC OPPORTUNITIES FUND 6.14
Asahi Mutual Life Insurance Company 5.49
Sumitomo Mitsui Banking Corp. 4.85
The Bank of Yokohama, Ltd. 4.85
Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. 4.57
The Master Trust Bank of Japan, Ltd. (Trust Account) 3.87
BBH FOR FIDELITY LOW-PRICED STOCK FUND (PRINCIPAL ALL SECTOR SUBPORTFOLIO) 3.18
DFA INTL SMALL CAP VALUE PORTFOLIO 2.30
Japan Trustee Services Bank, Ltd. (Trust Account) 2.19
Total 46.99

Products

Drum brakes
-Air brakes for heavy-duty vehicles
-Hydraulic brakes for heavy-duty vehicles
-Drum brakes for medium-duty vehicles
-Drum brakes for small vehicles
-Brake chambers
-Automatic slack adjusters
-Wheel cylinders/expanders
-Simplex Air Wedge (SAW) brakes

Disk brakes
-Disk brakes for heavy-duty vehicles
-Disk brakes for medium-duty vehicles

Retarders
-Retarders for heavy and medium-duty vehicles
-Retarders for small vehicles
-Regeneration-type retarders

Lining pads
-Linings
-Pads

Water pumps
-Water pumps for heavy-duty vehicles
-Water pumps for medium-duty vehicles
-Water pumps for small vehicles
-Electric water pumps

Oil pumps
-Oil pumps for heavy-duty vehicles
-Oil pumps for medium-duty vehicles
-Oil pumps for small vehicles
-Energy-saving pumps (electronic)
-Energy-saving pumps (mechanical)
-Electric oil pumps

Other Components
-Engine cam shafts
-Turbocharger bearing housings
-Cylinder heads
-Crank cases
-Timing gear cases
-Hub drums (Front/Rear)

History

Aug. 1949 Isuzu Buhin Kogyo Co., Ltd. was established
Mar. 1951 Tokyo Brake industries Co., Ltd. was established
Nov. 1956 Tokyo Buhin Kogyo Co., Ltd. was established as a result of the merger of the above-mentioned two companies.
Dec. 1957 Constructed a new factory was built at 3-30-17 Haginaka, Ota-ku, Tokyo. Relocated headquarters and factory to new site.
Aug. 1963 Took over Daiichi Seiki Co., Ltd. and merged into the Company.
Nov. 1971 Listed on the second section of the Tokyo Stock Exchange.
Jan. 1972 Relocated headquarters and factory to 1-6-1 Tsukimino, Yamato, Kanagawa.
Dec. 1983 Tokyo Buhin Rockwell Co., Ltd. (currently TBR Co., Ltd.) was established as a joint venture with Rockwell International Co., Ltd. in the U.S.
  Established Full Win Developments Ltd. (currently consolidated) in Hong Kong as an affiliated company.
Nov. 1996 TBK Brake Co., Ltd. (Currently TBKK (Thailand) Co., Ltd.) was established as a joint venture with CM Industries in Thailand
Jul. 1998 Established TB Optical Co., ltd. as a result of a merger with Asahi Koden Co., Ltd.
Oct. 1998 Established TBK India Private Ltd. as a joint venture in India.
May,1999 Relocated factory to 304-7 Oaza Kawabe Aza Miyanomae, Tamagawa-mura, Ishikawa county, Fukushima.
June,1999 Relocated headquarters to 4-21-1 Minami-Naruse, Machida, Tokyo
Jan. 2002 Established TBK America, Inc.
Jun. 2002 Established GSB-TBK Automotive Components, S.L. in Spain jointly with CIE Automotive.
Mar. 2004 Disposed all the business rights of TBK Krungthep Co., Ltd. to TBK Brake Co., Ltd.
Apr. 2004 TBK Brake Co., Ltd. adopted the name TBKK (Thailand) Co., Ltd.
Mar. 2005 Listed on the first section of the Tokyo Stock Exchange.
May, 2005 Started operation of Kagamiishi Plant
July, 2005 The Company name was changed to TBK Co., Ltd.
Aug. 2005 Jointly established Changchun TBK Shili Auto Parts Co. Ltd., which is currently a consolidated subsidiary, with Changchun Shin Automobile Brake Parts Co., Ltd.
May, 2006 Started production at its Fukushima Daini Plant.
Nov. 2006 Started operation of Richmond Plant of TBK America, Inc.
Jan. 2007 Certified ISO/TS16949
Mar. 2007 Certified ISO14001
May 2007 The Company established TBK China Co., Ltd.
Feb. 2011 Established Qiaotou TBK Co., Ltd., which is now a consolidated subsidiary.
Sep. 2011 Turned TBK India Private Ltd. into a subsidiary.
Oct. 2011 Transferred the equity shareholding in GSB-TBK to its Spanish partner.
Apr. 2012 Established Changchun FAW Sihuan TBK Co., Ltd. as a joint venture with Changchun FAW Sihuan Brake Company.
Nov. 2014 Operation started in Fukushima No.3 Plant (Ishikawa-gun, Fukushima Pref.).
Feb. 2018 Acquired Kimura Malleable Iron Co., Ltd. through a stock acquisition, which became a subsidiary.

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
>>>Business report FY ended Mar. 31, 2016

Archives of Past Exhibits

>>>Estimated Sales and Income for the Next Fiscal Year

List of Technology Licensing-out Agreements

(As of Mar. 31, 2018)

Name of the contractor Contract item Contract coverage Period of Agreement
TBKK (Thailand) Co., Ltd. Automotive brakes, camshafts, oil pumps, water pumps 1. To set the rights for establishing industrial property rights.
2. To supply technical information
3. To grant manufacture and sales licenses
10 years starting from June 23, 2015, the date on which the agreement comes into effect, with automatic one-year renewals thereafter
Sangsin Brake Co., Ltd. Brakes for large vehicles Same as above 10 years from January 14, 1994, the date on which commercial production starts, with automatic one-year renewals thereafter
Full Win Developments Ltd. Brake linings Same as above 10 years starting from August 1, 2002, the date on which the agreement comes into effect, with automatic one-year renewals thereafter
Changchun TBK SHILI Auto Parts Co., Ltd. Friction materials for brakes used in commercial vehicles Same as above 10 years from July 25, 2025, the date on which commercial production starts, with automatic one-year renewals thereafter
TBK America, Inc. Water pumps and oil pumps for automobiles Same as above 10 years from November 15, 2006, the date on which a down payment deposit was made, with automatic one-year renewals thereafter
Sangsin Brake Co., Ltd. Electromagnetic retarders Same as above 10 years from September 30, 2010, the date on which commercial sales start, with automatic one-year renewals thereafter
TBK India Private Ltd. Water pumps and oil pumps for automobiles Same as above 10 years from June 28, 2011, the date on which commercial production of new products starts 
Changchun FAWSN TBK Co., Ltd. Friction materials for brakes used in commercial vehicles Same as above 10 years from July 5, 2012, the date on which commercial production starts, with automatic one-year renewals thereafter
Sansin Brake Co., Ltd. Electromagnetic retarders Same as above 10 years starting from April 30, 2014, the date on which the agreement comes into effect, with automatic one-year renewals thereafter
Hindustan Composites Limited Brake and Brake pods for commercial vehicle Same as above 7 years from Aug. 31, 2017, the date on which commercial production starts, with automatic two-year renewals thereafter