Hitachi Metals, Ltd.

Company Profile

■URL

http://www.hitachi-metals.co.jp/e/index.html

■Address

SEAVANS North Bldg., 2-1, Shibaura 1-chome, Minato-ku, Tokyo 105-8614, Japan

Business Overview

-A Hitachi Group company. The Company is a manufacture of iron and metals, producing high-grade special steel and various types of magnets.

-Operates business in 4 segments as follows:

Segment Main Products
High-grade Metal Products High-grade special steel, piston-ring material etc.
Magnetic Materials and Applications Magnets (rare-earth, ferrite, and other types; along with applicable products) etc.
High-grade Components High-grade automotive casting products (high-grade ductile steel; heat-resistant, cast products), aluminum wheels and other aluminum products, automotive forging parts, etc.
Wires, Cables, and Related Products Wires, electrical parts, brake hoses, etc.



Business Highlights

-Sales in the fiscal year that ended in March 2016 were JPY 1.0 trillion, broken down as follows: infrastructure: 30%, automotive: 50%, and electronics: 20%
-The Company merged and took over the operations of Hitachi Cable, Ltd. in July 2013 and entered the electric wiring business. In November 2014, the Company acquired Waupaca Foundry, and as a result, strengthened its casting operations.

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2016)
Name or Company Name Investment Ratio (%)
Hitachi, Ltd. 52.75
Japan Trustee Services Bank, Ltd.  (Trust Account) 3.30
The Master Trust Bank of Japan, Ltd.  (Trust Account) 2.35
JPMorgan Chase Bank 385078 1.24
State Street Bank and Trust Company 505225 0.88
Northern Trust Co. (AVFC) Re Iedu Ucits Clients Non Lending 15 Pct Treaty Account 0.83
JPMorgan Chase Bank 385632 0.75
MSCO Customer Securities 0.68
Japan Trustee Services Bank, Ltd.  (Trust Account 7) 0.68
Nippon Life Insurance Company 0.65
Total 64.12

Products

Engine and Exhaust Line Components
-Exhaust manifolds
-Turbine housings
-Maniturbo
-Turbine wheels
-Precision casting parts

  • Impellers for turbo charger
  • Chambers for diesel engine
  • Switching valves for EGR

-Ni-based amorphous brazing foil

  • Plate heat exchangers
  • EGR Coolers
  • Waste heat recovery units
  • Metal substrates for catalytic converter

-Piston ring materials
-Vanes for power steering
-Engine valve materials
-Honeycomb structured ceramics carriers
-CVT belt materials

Chassis
-Vacuum Die-Casting
-High-Toughness Ductile Cast Iron
-Aluminum wheels

Brake Components
-Harness for Electric Parking Brakes
-Electric mechanical brake harnesses
-Brake

Electric- and Electronics-Related Products
-Nd-Fe-B magnets
-Ferrite magnets
-Alnico magnets

-Magnet Wires

  • Enameled wires for EV/HEV inverter-fed motor
  • Enameled rectangular wires for reactor
  • High-performance pure copper wires

-Harnesses

  • High capacity power cable harnesses
  • Power cable harnesses for air conditioner electric compressors
  • Harnesses for electric parking brakes
  • Harnesses for electric brakes

-In-vehicle sensors

  • Active ABS wheel-speed sensors
  • ABS cables
  • Pressure sensors for jam prevention
  • Torque sensor coils

-Wiring devices

  • Flexible flat cables - FFC
  • (Shielded flexible flat cable (FFC) for automotive use
  • Optical Interconnect Technology
  • Multi frame joiners

-Power feeding components

  • Power Distribution Board - PDB
  • Inverter bus bars
  • Wiring components for inside of electric motor; BUSRING

-Cladding materials for battery electrode connection
-Cladding materials for heat exchanging
-High-performance magnet for motors

Inverter-Related and Noise Suppression Products
-Low core loss cut cores
-Common mode choke cores and coils
-Low frequency amorphous antennas
-Si3N4 insulating substrates for power semiconductor modules

History

Apr. 1956 Established Hitachi Metals Industry, Ltd. (with capital of 1 billion yen, Hitachi, Ltd. invested 100%).
Oct. 1956 Took over Hitachi, Ltd.'s steel division business, including 5 plants at Tobata, Fukagawa, Kuwana, Wakamatsu and Yasuki and began operations.
Jul. 1961 Established the Kumagai Plant.
Aug. 1961 Issued stocks over the counter.
Oct. 1961 Listed on the Second Section of the Tokyo and Osaka Stock Exchanges.
Aug. 1962 Re-listed on the First Section of the Tokyo and Osaka Stock Exchanges.
Nov. 1965 Established Hitachi Metals America, Ltd. (currently a consolidated subsidiary) in the USA.
Jan. 1967 Merged with Hitachi Metals, Ltd. to change share par value and the company name.
Oct. 1970 Established Hitachi Metals Europe GmbH (currently a consolidated subsidiary, in Germany.
Mar. 1973 Established Hitachi Magnetics Corporation, a magnetic material manufacturing company, in the USA.
Oct. 1975 Established Moka Works, moving facilities from Fukagawa Plant.
Feb. 1979 Established Hitachi Metals Singapore Pte. Ltd. in Singapore.
Mar. 1980 Renamed Tobata Works Kanda Plant to Kyushu Works.
Jan. 1985 Established Facility System Laboratory (called Production System Laboratory since October 1993).
Oct. 1987 Established AAP St. Marys Corporation, an aluminum wheel manufacturer, in the USA.
Sep. 1988 Established Hitachi Metals Electronics (Malaysia) Sdn. Bhd., a magnetic head part manufacturer, in Malaysia.
Oct. 1988 Integrated Moka Works and an electric part plant to form new Moka Works.
Dec. 1989 Established Ward Manufacturing Inc., a pipejoint manufacturing company, in the USA.
Established Hitachi Metals North Carolina, Ltd., an electric component ferrite manufacturing company, in the USA.
Oct. 1991 Reorganized ex-Moka Works, dividing it into Moka Works and Electronic Component Device Plant.
Oct. 1993 Separated Metallurgical Research Laboratory from Yasugi Works to form an individual laboratory.
Jun. 1995 Separated Automotive Component Company Molds Center to individually form Molds Laboratory.
Oct. 1995 Merged with Hitachi Ferrite, Co., Ltd., acquiring its Tottori Works and Hitachi Ferrite (Thailand) Ltd.
Nov. 1995 Established Luzon Electronics Technology, Inc., a magnetic head parts manufacturer, in the Philippines.
Jun. 1996 Established Luzon Magnetic, Inc. (currently a consolidated subsidiary) for rare-earth magnetic processing and finishing in the Philippines
Apr. 2000 Merged the die research center into the materials research center.
Nov. 2000 Hitachi Metals America, Ltd. acquired SinterMet, LLC (USA) (currently a consolidated subsidiary), a manufacturer of ultra-hard rolls.
Aug. 2003 Acquired the Amorphous Metal Business Division of Honeywell International, Inc.
Jan. 2005 Established Soft Magnetic Materials Company.
Jan. 2006 Established Hitachi Metals (China), Ltd. in China, which is currently a consolidated subsidiary.
Jan. 2006 Established Hitachi Metals Pvt. Ltd. in India, which is currently a consolidated subsidiary.
Sep. 2006 The Company and Shanghai Baosteel Group jointly established Bao Steel Hitachi Rolls (Nantong) Ltd. (now a consolidated subsidiary) to manufacture and sell cast rolls for hot strip mills in China.
Apr. 2007 Merged with Neomax Co., Ltd. and took over the operations of Neomax's Yamazaki Works, Kumagaya Works, Saga Works, and the research center for magnetic materials.
Jul. 2013 Merged with Hitachi Cable. Established Electric Wire Materials Company.
Apr. 2014 Acquired all the stock shares in Waupaca Foundry, Inc. in the U.S. held by Waupaca Foundry Holdings, Inc. (Currently Hitachi Metals Foundry America, Inc.), turning both companies into consolidated subsidiaries.

Supplemental Information 1