HI-LEX Corporation

Company Profile

■URL

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

■Address

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

Business Overview

-A largest manufacturer of automotive control cables in the world. It has an approximately 60% share of the domestic market (as of March 2015; Research by the Company).

-The Company's window regulators are wire types. In Japan, it has an approximately 50% share of the wire-type regulator market, and an approximately 25% of the overall window regulator market. (According to MarkLines' survey in October 2015)

-An independent supplier.

Shareholders

-Listed on second section of the Tokyo Stock Exchange. (As of Oct. 31, 2015)
Name or Company Name Investment Ratio (%)
Teraura Kousan 20.03
JPMorgan Chase Bank 385093 6.20
Teraura Scholarship Foundation 4.06
NORTHERN TRUST CO. (AVFC) RE 15 PCT TREATY ACCOUNT 3.71
Nippon Life Insurance Co. 3.29
BBH for Fidelity Low Priced Stock Fund 3.22
Japan Trustee Services Bank, Ltd. (Trust Account) 2.92
Nishikawa Rubber Co., Ltd. 2.70
CMBL S.A. RE MUTUAL FUNDS 2.51
Honda Motor Co., Ltd. 2.22
Total 50.90

Products

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

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

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, 2015 Established Hangzhou HI-LEX Cable Systems Co., Ltd. in Zhejiang, China.

Supplemental Information 1