Yachiyo Industry Co., Ltd.

Company Profile

■URL

http://www.en.yachiyo-ind.co.jp/

■Address

393, Kashiwabara, Sayama-shi, Saitama 350-1335 Japan

Business Overview

-As a subsidiary of Honda, the Company is engaged in two business activities, i.e., the manufacture of automotive parts and the assembly of automobiles.

  • Automotive parts: Design, development, and manufacture of fuel tanks and sun roofs, and manufacture of sheet metal and plastic products.
  • Automotive assembly: minicars, special-needs vehicles.   



Recent Business Developments (fiscal year that ended in March 2017)

Company sales were JPY 147.3 billion. The automotive parts business accounted for JPY 138.4 billion, or 94%.
-The Honda Group accounted for 90% of sales.
-Sales totals by product are as follows.

  • Sunroofs: JPY 43.8 billion (29.74%)
  • Fuel tanks: JPY 30.9 billion (21.0%)
  • Finished vehicles: JPY 9.0 billion (6.1%)

Reorganization

-The Company sold off all of its sheet-metal operations in and outside Japan. The Company consolidated its operations into plastic fuel tanks (PFTs) and sunroofs.

  • June 2014: Transferred the stamping operations in Canada to Matcor-Matsu Group of Companies.
  • October 2014: Transferred the stamping operations to Unipres (USA) and the PFT operations to its new production plant in Georgia, U.S.
  • June 2015: Transferred the parts business of H-One and the UK operations to N Press Assembly.
  • January 2016: Completed the transfer of the stamping operations in Japan to Topre.

Shareholders

-Listed on the JASDAQ Stock Exchange. (As of Mar. 31, 2017)
Name or Company Name Investment Ratio (%)
Honda Motor Co., Ltd. 50.34
Individual shareholder 5.46
BBH for Fidelity Low-Priced Stock Fund 4.00
Sumitomo Mitsui Banking Corporation 1.90
Saitama Shatai Co., Ltd. 1.82
Yachiyo Industry Co., Ltd. Employees' ownership association 1.75
Individual shareholder 1.49
The Bank of Tokyo-Mitsubishi UFJ, Ltd. 1.46
Japan Trustee Services Bank, Ltd. (Trust account) 1.40
Individual shareholder 0.96
Total 70.58

Products

Fuel Tanks
Plastic fuel tanks
Steel fuel tanks

Sunroofs
Tilt inner slide sunroofs
Outer slide sunroofs
Pop-up sunroofs
Panorama sunroofs

Plastic parts
Bumpers
Aero car parts
Instrument panels

History

Apr. 1947 Eiichi Ohtake, currently a Special Advisor, personally established Ohtake Paint Shop at 7, Fujimi-cho, Itabashi-ku, Tokyo. Started the business of painting machine parts. In 1951, started painting of motorcycle components along with Honda's business expansion to Tokyo.
Aug. 1953 Established Yachiyo Painting Co., Ltd. to start baking finish business. Set up Narimasu Plant in Daiwa-cho, Saitama (currently Wako-shi) (closed in June 1962). Appointed as a plant for Honda.
May 1960 Established Suzuka Plant in Suzuka City, Mie, as a buffing and painting shop for motorcycle parts.
Sep. 1968 Changed the company name to Yachiyo Industry Co., Ltd.
Aug. 1972 Established Kashiwabara Plant in Saitama, starting assembly of Honda's mini-cars on an outsourcing basis. As a result, Honda invested in the Company, which then became a Honda affiliate.
Apr. 1973 Merged Yachiyo Press Industry Co., Ltd. with Shimizu Seisakusho.
Nov. 1974 Established Goshi Giken Co., Ltd. as a joint venture with Honda and Sankei Giken Kougyou Co., Ltd.
Feb. 1976 Started producing buggies for Honda at the Kashiwabara Plant on an outsourcing basis.
Feb. 1977 Started producing fuel tanks as automotive parts.
Jul. 1981 Relocated head office to Toshima Ward in Tokyo.
Jun. 1983 Established Yokkaichi Factory in Mie Prefecture as an automotive parts manufacturing facility performing stamping and welding operations.
Aug. 1985 Enhanced facilities at Yokkaichi Factory to produce trucks for Honda on an outsourcing basis.
Jan. 1986 Established the Tochigi R&D Center in Tochigi Prefecture.
Jun. 1986 Started producing sunroofs as part of its automotive-parts range.
Jan. 1989 Established Yachiyo of Ontario Mfg., Inc., which is a consolidated subsidiary, in Canada.
May 1996 Started contract production of Honda's mini passenger cars on a subcontracted basis.
Jun. 1996 Established Yachiyo Industry (U.K.) Ltd. (currently a consolidated subsidiary) in UK.
Jun. 1996 Established Unipart Yachiyo Technology Ltd. in UK, a joint venture with several local companies.
Jan. 1997 Established Siam Yachiyo Co., Ltd., which is currently a consolidated subsidiary, in Thailand.
May 1997 Relocated head office to Sayama, Saitama Prefecture.
Sep. 1997 Established Yachiyo of America Inc., which is a consolidated subsidiary, in the U.S.A.
Oct. 1997 Established AY Mfg., Ltd., which is a consolidated subsidiary, in the U.S.A. through its local subsidiary.
Jan. 1999 Established US Yachiyo Inc., which is a consolidated subsidiary, in the U.S.A.
Sep. 2000 Established Yachiyo Manufacturing of Alabama Llc. in the USA.
Apr. 2002 Established Yachiyo Zhongshan Mfg. Co., Ltd. in China.
Aug. 2002 Purchased shares of Goshi Giken Co., Ltd. and made it into its subsidiary.
With this, the subsidiaries of Goshi Giken Co., Ltd., Uemura Tech, Shisui Tech, Goshi Tech, Siam Goshi Mfg. Co., Ltd. (Thailand) and Goshi-Thanglong Auto-Parts Co., Ltd (Vietnam) all became the subsidiaries of Yachiyo.
Dec. 2004 Cancelled its registration with the Japan Securities Dealers Association for over-the-counter trading and listed its shares on the JASDAC Stock Exchange.
Jul. 2005 Established Yachiyo Wuhan Mfg. Co., Ltd. in China, which is currently a consolidated subsidiary.
Oct. 2005 Acquired equities of AY Mfg. and Ltd. in the United States, which is currently consolidated subsidiary, and made it into its subsidiary.
Dec. 2006 Honda Motor Co., Ltd. became the Company's parent company, as Honda purchased the Company's shares through a takeover bid.
Apr. 2008 Established YG Tech Co., Ltd., a current consolidated subsidiary, in Mie Prefecture, Japan through a joint-investment pooled by Group companies.
Apr. 2008 Established Yachiyo India Manufacturing Private Limited, which is currently a consolidated subsidiary, in India.
Dec. 2008 Goshi India Auto Parts Private Limited, currently a consolidated subsidiary, started its operations in India.
Sep. 2009 Established Yachiyo de Brasil Industria e Comercio de Pecas Ltda. (currently a consolidated subsidiary) in Brazil.
Feb. 2012 Established Yachiyo Mexico Manufacturing S.A. de C.V., which is currently a consolidated subsidiary, in Guanajuato, Mexico.
Apr. 2012 Established the Saitama R&D Center in Sayama, Saitama Prefecture.
May 2012 Established P.T. Yachiyo Trimitra Indonesia.
Jun. 2014 Yachiyo of Ontario Manufacturing, Inc. in Canada transferred sheet-metal business to Matcor-Matsu Group of Companies.
Oct. 2014 Stamping operations of Yachiyo Manufacturing of Alabama, LLC (U.S.A) acquired by Unipres. Plastic fuel tank operations transferred to new production plant in Georgia. Adopted new name Yachiyo Manufacturing of America, LLC.
Dec. 2014 Established Yachiyo Germany GmbH.
May 2015 Reached basic agreement with Topre to start discussion that Yachiyo will transfer stamping operations in Japan to Topre.
Jun. 2015 Transferred all operations with H-One at UYT Ltd. (an affiliate company in the U.K.) to N Press Assembly Limited.
Jan. 2016 Completed the transfer of business operations of YG Tech, which was a consolidated company, to Topre, ending the Company’s operations in the sheet-metal business.

Supplemental Information 1