GS Yuasa International Ltd.

Company Profile

■URL

http://www.gs-yuasa.com/en/

■Address

1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto-shi, Kyoto-hu, 601-8520, Japan

Business Overview

-In Apr. 2004, leading battery suppliers, Japan Storage Battery Co., Ltd. and Yuasa Corporation merged to establish a holding company. Actual operations are handled by each subsidiary.

-GS Yuasa Corporation reorganized the Group's operating structure in April 2010. Besides consolidating management and R&D functions, as well as the Group's affiliated companies, the Company reorganized its operations under a more centralized corporate structure, adopting the name GS Yuasa. The current organization includes a new business division engaged in lithium-ion batteries. As a result, GS Yuasa operates in the following five business divisions. As part of its structural reorganization, the Company transferred its lighting and membrane system business to its Domestic Industrial Batteries and Power Supplies Division, effective FY ended March 2015.

  • Domestic Automotive Batteries
  • Domestic Industrial Batteries and Power Supplies
  • Overseas Operations
  • Lithium-Ion Batteries
  • Others

-A leading battery supplier. It is the world's third largest automotive battery supplier, having a 7% share of the market. In Asia, it is the largest automotive battery supplier with a 17% share of the market. (According to the Company's survey as of 2014)

Financial Overview

-In FY ended March 2016, the Company generated consolidated sales of JPY 365.61 billion, which was a 1.1% decrease on a year-over-basis (y/y). The Group's operating profit was JPY 21.99 billion (a 4.8% increase y/y), ordinary profit was JPY 21.41 billion (a 4.2% decrease y/y), and net income (attributable to owners of parent company) was JPY 9.03 billion (a 10.1% decrease y/y).

-The Company acquired Panasonic Storage Battery Co., Ltd., Panasonic's lead-acid battery business, and converted it into its consolidated subsidiary. The company was renamed GS Yuasa Energy Co., Ltd. (From a press release on October 3, 2016)

-The Company announced that it has acquired 50% of the outstanding shares in Turkey-based Inci Aku Sanayi ve Ticaret Anonim Sirketi. The acquired company became GS Yuasa's equity method affiliate and was renamed to Inci GS Yuasa Aku Sanayi ve Ticaret Anonim Sirketi. Inci produces and sells lead-acid storage batteries for vehicles, forklifts, and stationary machines. (From a press release on October 7, 2015)

Mid-term business plan (April 2016 – March 2019)

<Financial targets for FY 2018> (consolidated basis)
-Sales: JPY 480 billion or over
-Operating profit margin: 8% or over

Shareholders

-Listed on the first section of the Tokyo Stock Exchange (As of Mar. 31, 2016)
Name or Company Name Investment Ratio (%)
The Master Trust Bank of Japan, Ltd. (Trust Account) 7.04
Japan Trustee Services Bank, Ltd. (Trust Account) 5.53
Meiji Yasuda Life Insurance Company 3.38
Toyota Motor Corp. 2.70
The Bank of Tokyo-Mitsubishi UFJ, Ltd. 2.25
Nihon Life Insurance Company 2.16
Bank of Kyoto, Ltd. 1.87
Trust & Custody Services Bank, Ltd. 1.80
Sumitomo Mitsui Trust Bank, Ltd. 1.77
Sumitomo Mitsui Banking Corporation 1.71
Total 30.26

Products

Automotive Batteries
Lead storage batteries
-Batteries for passenger cars
-Batteries for commercial cars
-Chargers for automobile batteries
-Batteries and chargers for electric vehicles

Batteries for HEV and EV
-Lithium-ion batteries for hybrid electric vehicles
-Lithium-ion batteries for electric vehicles
-Rapid charger for electric vehicles

History

Apr. 2004 Japan Storage Battery Co., Ltd. and Yuasa Corporation transferred their shares, established a holding company and became fully-owned subsidiaries of the holding company. The holding company's ordinary shares were listed on the first section of the Tokyo Stock Exchange and the first section of the Osaka Stock Exchange.
Jun. 2004 The two companies demergered themselves and established GS Yuasa Manufacturing Ltd., GS Yuasa Battery Ltd., GS Yuasa Power Supply Ltd., GS Yuasa Technology Ltd., GS Yuasa Power Electronics Ltd., GS Yuasa International Ltd., GS Yuasa Business Support Ltd., GS Yuasa Information Ltd. and GS Yuasa Accounting Service Ltd., reorganizing their operations.
Oct. 2004 Japan Storage Battery Co., Ltd. spun off its lighting segment into GS Yuasa Lighting Ltd.
Jan. 2006 GS Yuasa Manufacturing Ltd., GS Yuasa Power Supply Ltd., and GS Yuasa Industry Ltd. were merged, and the new company name was started as "GS Yuasa Power Supply Ltd."
Jan. 2007 GS Yuasa Power Supply Ltd.; GS Yuasa Manufacturing Ltd.: and GS Yuasa Industry Ltd. were consolidated and renamed as a new company, GS Yuasa Power Supply Ltd.
Mar. 2007 GS Yuasa International Ltd. and GS Yuasa Development Ltd. were consolidated and renamed as a new company, GS Yuasa International Ltd.
Dec. 2007 Established Lithium Energy Japan jointly with Mitsubishi Corporation; and Mitsubishi Motors Corporation. 

July and Aug. 2009

Increased 33,021 million yen in capital through a public stock offering, allocating the new stock to third parties.
Apr. 2010 Transferred part of the Company's operations to GS Yuasa Power Supply Ltd.
Merged GS Yuasa Power Supply Ltd.; GS Yuasa International Ltd.; and GS Yuasa Business Support Ltd. In addition, GS Yuasa Power Supply remained as a stand-alone company, but it was renamed GS Yuasa.
Dec. 2010 Further invested in PT. Trimitra Baterai Prakasa, an affiliate company; as a result of increasing the shareholding ratio, the company became a non-consolidated company accounted for under the equity method.
Mar. 2012 Established the first factory building of Lithium Energy Japan in Ritto City in Shiga Pref. and commenced production.
May 2013 Acquired an additional stake in Thai affiliate Siam GS Battery Co., Ltd., making it a subsidiary.
Oct. 2015 Inci GS Yuasa Aku Sanayi ve Ticaret Anonim Sirketi established in Turkey jointly with Inci Holding A.S
Oct. 2016 Completed the transfer of Panasonic Corporation's lead-acid battery business and was renamed GS Yuasa Energy Co., Ltd.

Supplemental Information 1