HI-LEX Corporation

Company Profile

■URL

https://www.hi-lex.co.jp/e/

■Address

1-12-28 Sakaemachi, Takarazuka city, Hyogo, 665-0845, Japan

Business Overview

-A manufacturer and seller of control cables and control systems, mainly window regulators, for automobiles and motorcycles.

Shareholders

-From April 2022, moved to the Standard Market of the Tokyo Stock Exchange

(As of Oct. 31, 2023)

Name or Company Name	Investment Ratio (%)
Teraura Kousan	26.40
Teraura Scholarship Foundation	4.13
Nippon Life Insurance Co.	3.35
Nishikawa Rubber Co., Ltd.	2.75
BBH for Fidelity Low Priced Stock Fund	2.61
Honda Motor Co., Ltd.	2.26
BNYM AS AGT/CLTS 10 PERCENT	2.24
ALPHA Corporation	2.14
MUFG Bank, Ltd.	1.97
Hi-Lex Stockholding Association	1.90
Total	49.80

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Products

System products
Power lift gate systems
Wheelchair Anchoring Systems
Electronic Parking Brake Systems

Door system products
Window regulators
Sliding window systems
Door modules
PSD (Power Sliding Door) systems
SPI-RAX direct systems
Direct window openers

Control cables
General (Pull) cables
Push-pull cables
Automobile small-radius high-efficiency manual transmission cables
Seat cables
SPIRAX

ECU

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History

Nov. 1963	Spun off from Toyo Kikai Kinzoku K.K and began anew as Takarazuka Sakudokan K.K. with capital of 100 million yen.
June, 1970	Established the Kaibara Plant to produce and sell Hi-Lex push-pull cables.
July, 1971	Corporate name changed to Nippon Cable System, Inc.
Nov. 1972	Established TSK (Korea) Co., Ltd. in Masan City, Cholla-namdo, Korea.
May, 1974	Merged with Takarazuka Cable and renamed as Nippon Cable System. Acquired Teraura Fudosan to purchase the Kaibara Plant site.
Apr. 1975	Established Hi-Lex Corporation in Battle Creek, Michigan, U.S.A.
June, 1977	Listed on Second Section of Osaka Stock Exchange.
July, 1985	Utsunomiya Technical Center completed.
Feb. 1989	Acquired Hayashi Spring Inc. and renamed it as Nippon Cable System Saitama, Inc., a 93%-owned subsidiary.
Oct. 1997	Acquired all shares of Nippon Cable System Saitama, Inc.
Feb. 2001	Acquired a 19% stake in Alfa Corporation to become the largest shareholder.
Nov. 2001	Chongqing TSK Control Cable System Inc. (currently Chongqing Hi-Lex Cable System Group Co. Ltd.) based in China made a capital investment in Shenzhen TSK Control Cable System Inc. (63.0% equity is owned by the Company)
Feb. 2002	Increased and acquired additional shares of Machino TSK Nippon Cable Private Ltd. (currently, Hi-Lex India Private Ltd.), making it a 100.0% owned subsidiary of the company.
Feb. 2002	Established Alpha Hi-Lex S.A. de C.V. in Queretaro, Mexico.
Aug. 2002	Guangzhou TSK Control Cable System Inc. (currently Chongqing Hi-Lex Cable System Group Co. Ltd.) was established as a joint venture between Chongqing TSK Control Cable Inc.(70.0%) and TSK of America Inc. (30.0%)
Sep. 2002	Chongqing TSK Control Cable System Inc. (currently Chongqing Hi-Lex Control Cable System Co. Ltd.) established Chongqing TSK Automotive Inc. as a wholly owned subsidiary.
Jan. 2003	Established Yantai TSK Cable System Inc. as a wholly owned subsidiary in Yantai, Shandong, China.
July, 2003	Established Daedong Hi-Lex Inc. in Inchon Korea. (62.8% of the equity is owned by the Company)
May, 2005	Adopted a new name, Hi-Lex Corporation.
July, 2006	Established Hi-Lex Hungary Cable System in Budapest, Hungary, providing 100.0 percent of the capital. Dae Dong Hi-Lex Inc. established Jiangsu Daedong Hi-Lex Ltd. in Yancheng City, Jiangsu Province, China, providing 100.0 percent of the capital.
Dec. 2007	Chongqing TSK Cable Ltd. (currently Chongqing Hi-Lex Cable System Group Co. Ltd.) and TSK of America jointly established Guangzhou Hi-Lex Cable System Co.,Ltd. (currently Cuangdong Hi-Lex Cable System Co. Ltd.) in Zengcheng, Guangdong, China, with the Chongqing investing 70.0 percent and the U.S. company 30.0 percent of the needed capital. Chongqing TSK Cable Ltd. (currently Chongqing Hi-Lex Cable System Group Co. Ltd.) established Changchun TSK Auto Parts Co., Ltd., a wholly owned subsidiary in Changchun, Jilin, China
July, 2008	Hi-Lex Controls Inc. and Daedong Hi-Lex of America, Inc. jointly established Daedong Hi-Lex of America, Inc. in Chambers County, the Cusseta Industrial Park, Alabama, U.S.A. The new company is 49.0 percent held by Hi-Lex Controls and 51.0 percent by Daedong Hi-Lex of America.
Mar. 2010	Hi-Lex Controls Inc. established Hi-Lex Controls de Mexico S. de R.L. de C.V., a wholly owned subsidiary in Queretaro, Mexico.
Dec. 2012	Established HI-LEX RUS LLC in Togliatti, Russia.
Mar. 2013	Established HI-LEX Europe GmbH in Schweinfurt, Bayern, Germany.
July, 2013	Listed on the second section of the Tokyo Stock Exchange.
Mar. 2014	Acquired Leehan Door Corporation in Korea, currently called as Daedong Door Inc., making it a wholly-owned subsidiary.
May, 2014	Established PT. HI-LEX Cirebon in West Jawa, Indonesia.
July, 2014	Established Hangzhou HI-LEX Cable Systems Co., Ltd. in Zhejiang, China.
May, 2016	Turned CSA Windows Regulator Barcelona S.L. in Barcelona, Spain, currently called as HI-LEX Auto Parts Spain S.L., its subsidiary.
Oct. 2016	Acquired shares in Lames S.P.A. in Chiavari, Liguria, Italy, currently called as HI-LEX Italy S.P.A., its subsidiary.
Feb. 2017	Acquired additional shares in Tajima TSK, Inc., making it the Company's consolidated subsidiary.
Mar. 2017	Established HI-LEX Czech S.R.O. in Most, the Czech Republic.
Mar. 2017	Established Hi-Lex Miyagi Co., Ltd., in Kurihara City, Miyagi Prefecture, Japan.
Apr. 2017	Established HI-LEX Do Brasil Ltda. in Sao Paulo, Brazil.
Dec. 2018	Established HI-LEX Door India Private Ltd.
Sep. 2019	Undertook a third-party allotment of capital from Evaheart, Inc., Houston, Texas, USA and made it a subsidiary
Jan. 2022	Established a subsidiary in Tianjin, China
Apr. 2022	Moved from the Second Section of the Tokyo Stock Exchange to the Standard Market.
Oct. 2023	Established Daedong Door Mexico. R.L. de C.V. in Monterrey, Nuevo Leon, Mexico.

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