Meiwa Industry Co., Ltd.
Company Profile
■URL
http://www.meiwasangyo.co.jp/english/index.html
■Address
Rurie Hon-Atsugi, 3-1-1 Kotobuki-cho, Atsugi-shi, Kanagawa, 243-0003 Japan
Business Overview
-Manufacturing and sales of interior trim parts for trunk room, floor, seat and roof.
Financial Overview
-In the fiscal year that ended in March 2023, consolidated sales were JPY 21,195 million (7.7% YoY increase), operating profit was JPY 68 million (73.4% YoY decrease), and an ordinary loss of JPY 25 million, and the net loss attributable to parent company shareholders was JPY 73 million.
Shareholders
| -Listed on the Standard Market of the Tokyo Stock Exchange. | (As of Mar. 31, 2023) |
| Name or Company Name | Investment Ratio (%) |
| Taiyo Life Insurance Co. | 6.00 |
| The Master Trust Bank of Japan, Ltd. (Trust Account) | 5.95 |
| Yoei Co. | 5.15 |
| Sumitomo Mitsui Banking Corporation | 3.74 |
| Prime Polymer Co., Ltd. | 3.40 |
| Individual shareholder | 3.22 |
| Individual shareholder | 3.04 |
| Mitsui & Co. Plastics Ltd. | 2.28 |
| Employee shareholdings | 1.98 |
| Nippon Life Insurance Company | 1.89 |
| Total | 36.70 |
Products
Trunks
Floor
Seat back board
History
| May, 1956 | Established Meiwa Industry Co., Ltd in Iriarai, Ota-ku, Tokyo with capital of 2 million yen. Built main plant in Shimomaruko-cho, Ota-ku and started manufacturing and sales of automotive vinyl chloride floor mats processed by sewing and welding. |
| May, 1959 | Built Ofuna Plant in Kamakura City, Kanagawa. Established an integrated manufacturing system from vinyl chloride material to finished mats and started production and sales. |
| Aug. 1960 | Changed the headquarters location to Kamakura City, Kanagawa (in Ofuna Plant). |
| Sep. 1965 | Established Nagoya Plant in Toyoake-cho, Aichi and started production and sales of polyurethane foam products and vinyl chloride mats. Nagoya Sales Office was set up inside Nagoya Plant. |
| Feb. 1974 | Moved the headquarters to Taito-ward, Tokyo |
| May, 1979 | Merged with Nisshin Co., Ltd. and Meiwa Industrial Co., Ltd., for par value of 50yen, with the aim of raising the share value, strengthening the managerial bases and streamlining the administration. Acquired by Meiwa Industrial Co., Ltd. for 50yen par value. |
| Jan. 1981 | Listed on the second section of the Tokyo Stock Exchange Market |
| Aug. 1981 | Founded a new plant in Showamachi, Yamanashi and started to produce and supply components such as molded-door trims. |
| Jul. 1985 | Moved the headquarters to Atsugi city, Kanagawa |
| Feb. 2005 | Formed a capital and business alliance with Kaneka Corporation. The two companies launched a joint development project in the area of automotive components and materials. |
| Mar. 2006 | Gained a majority share in a packaging material supplier in Dalian, China from a Japanese company, turning the material supplier into a subsidiary and renaming it Dalian Meiwa Chemical Products Co., Ltd., which will manufacture automotive parts for the Company. |
| Jun. 2007 | Set up Technology Development Center by consolidating design department, technology development department and production technology department. |
| Jul. 2007 | Relocated the head office to Kotobuki-cho, Atsugi City, from Onna, Atsugi City. |
| Mar. 2008 | Moved production operations at its Gunma Plant into Kofu Plant, moving its Gunma Office to Ota City. |
| Apr. 2008 | Established a representative office in Guangzhou, China. |
| Jun. 2008 | Increased the capital equity of Dalian Meiwa Chemical Products Co., Ltd. in China, which was capitalized at 304.1 million yen. |
| Dec. 2008 | Moved the location of Dalian Meiwa Chemical Products Co., Ltd. to the Dalian Bonded Area in Dailian, China. |
| Jul. 2009 | Established a manufacturing subsidiary, Meiwa (Foshan) Automobile Parts Co., Ltd., in Foshan, China. |
| Sep. 2009 | Dissolved Meishin Kogyo. |
| Nov. 2010 | Increased its stake in Dalian Meiwa Chemical Products Co., Ltd. in China. (Registered capital: 704.10 million yen) |
| Mar. 2011 | Dalian Meiwa Chemical Products Co., Ltd. in China adopted a new corporate name, Meiwa (Dalian) Automobile Parts Co., Ltd. |
| May 2011 | Dissolved business and capital collaborations with Kaneka Corporation. |
| Mar. 2012 | Established Meiwa Industry (Thailand) Co., Ltd. as a sales subsidiary in Bangkok, Thailand. |
| Apr. 2012 | Increased its capital in Meiwa (Foshan) Automobile Parts Co., Ltd. to 700 million yen. |
| Feb. 2013 | Established Meiwa Industry North America, Inc., a subsidiary in the state of Tennessee in the U.S.A. |
| Apr. 2013 | Closed the Guangzhou Representative Office and established Meiwa (Foshan) Automobile Parts Co., Ltd., Guangzhou Branch. |
| Jul. 2013 | Agreed to increased capital in Meiwa Industry (Thailand) Co., Ltd., capital of JPY 16.29 million. |
| Dec. 2013 | Commenced finishing work on floor mats at rental facility of Meiwa Industry (Thailand) Co., Ltd. |
| Mar. 2014 | Agreed to increased investment in Meiwa (Foshan) Automobile Parts Co., Ltd. of JPY 90.00 million. |
| Sep. 2014 | The Company’s stock was transferred to the first section of the Tokyo Stock Exchange (TSE) from the second section of the TSE. |
| Feb. 2015 | Established Michigan sales office of Meiwa Industry North America, Inc. in Novi, Michigan, U.S. |
| Jan. 2016 | Established Meiwa Industria Mexico, S.A. de C.V in San Luis Potosi, Mexico. |
| Feb. 2016 | Made additional investment in Meiwa Industria Mexico S.A. de C.V., and increased the Mexican unit’s capital to MXN 47,598,500. |
| Apr. 2016 | Established Chinese headquarters, which will oversee the Group’s subsidiaries and sales operations in China. |
| Made additional investment in Meiwa Industry North America, Inc. and increased its capital to USD 13.5 million. | |
| Made additional investment in Meiwa Industry (Thailand) Co., Ltd. and increased its capital to THB 102 million. The Thai unit was converted into Meiwa Industry’s wholly owned subsidiary. | |
| Apr. 2017 | Further invested THB 232 million in Meiwa Industry (Thailand) Co., Ltd. |
| Mar. 2018 | Further invested THB 332 million in Meiwa Industry (Thailand) Co., Ltd. |
| May 2018 | Established the Wuhan Office of Meiwa (Foshan) Automobile Parts Co., Ltd., in China. |
| Nov. 2018 | Further invested USD 18.5 million in Meiwa Industry North America, Inc. |
| Sep. 2019 | Further invested JPY 1.2 billion in Meiwa (Foshan) Automobile Parts Co., Ltd., in China. |
| Oct. 2019 | Further invested USD 21.5 million in Meiwa Industry North America, Inc. |
| Sep. 2020 | Further invested USD 23.5 million in Meiwa Industry North America, Inc. |
| May 2021 | Further invested THB 432 million in Meiwa Industry (Thailand) Co., Ltd. |
| Apr. 2022 | Moved from the First Section of the Tokyo Stock Exchange to the Prime Market due to the TSE's reorganization. |
| Apr. 2023 | Production operations by product line are being reorganized into production departments. Products will be produced either at the No. 1 Production Department at the Gifu Plant and Kofu Plant, and at the No. 2 Production Department at the Nagano Plant. |
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