Mitsuba Corporation

Company Profile

■URL

https://www.mitsuba.co.jp/english/

■Address

1-2681, Hirosawa-Cho, Kiryu City, Gunma Pref., 376-8555 Japan

Business Overview

The Company produces electrical components for automobies and motorcycles in the main. Other products are life-support goods and automotive parts.

-The Company has three business segments: transportation equipment components; information service; and other. Major products of the transportation equipment components business are front wiper systems, starter motors, power steering motors and power window motors.

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2019)
Name or Company Name Investment Ratio (%)
The Bank of Yokohama, Ltd. 4.91
Customer share holding commission 4.02
Nissan Motor Co., Ltd. Retirement Benefits Trust Account 3.89
Honda Motor Co., Ltd. 3.71
Sunfield Industry LLC. 3.46
The Master Trust Bank of Japan, Ltd. (Trust Account) 3.00
Secom General Insurance Co., Ltd. 3.00
The Dai-ichi Mutual Life Insurance Company 2.90
Mitsubishi UFJ Trust and Banking Corporation 2.32
The Ashikaga Bank. Ltd. 2.25
Total 33.48

Products

Auto Electrical Products
Field-of-vision systems
-Front wiper systems
-Rear wiper systems
-Windshield washer systems
-Door mirrors
-Lamps

Convenience and comfort systems
-Power window motors
-Power seat motors
-Roof motors
-Power sliding door systems
-Door lock actuators
-Fuel tank lid openers
-Power relays
-Horns

Engine support systems and Drive control systems
-Starter motors
-Fan motors
-Intelligent dynamic actuators
-Electric oil pumps
-Electric throttle control motors
-Electric power steering motors
-Electric servo brake motors
 
Driving Motor Products
-Induction motors
-Brushless Flat Motors
-SR Motors/Controllers

History

Mar. 1946 Established Mitsuba Electric Mfg. Co., Ltd. in Gunma Prefecture with a total of 195 thousand yen in capital and nine employees.
Oct. 1964 Established Akagi Plant in Gunma Pref., Japan.
Apr. 1965 Established Mitsuba Electric Tone Mfg. Co., Ltd. (currently the Tone Plant)in Gunma Prefecture.
Sep. 1968 Established Onishi Plant in Gunma Pref., Japan.
May 1970 Established Toyo Electric Manufacturing Co., Ltd. in Gunma Pref., Japan.
Nov. 1973 Invested in Tatsumi Seisakusho (currently Tatsumi Corporation).
Jul. 1976 Established Niisato Plant in Gunma Pref., Japan.
Aug. 1980 Invested in Momimo Manufacturing Co., Ltd.
Apr. 1981 Invested in Higashinihon Diecasting Industry Co., Ltd. (Gunma Pref.).
Apr. 1982 Absorbed Mitsuba Electric Tone Mfg. Co., Ltd. (currently the Tone Plant).
Dec. 1985 Established Sun-You Corporation in Gunma Pref., Japan.
Dec. 1986 Established Mitsuba of America Corporation (currently American Mitsuba Corporation).
Jan. 1987 Established Mitsuba Walbro Inc. in Gunma Prefecture as a joint venture with Walbro of the U.S.A.
Jul. 1987 Established CME Corporation in the U.S.A. as a joint venture with CME Corporation based in the U.S.A.
Feb. 1988 Listed on Tokyo Stock Exchange Second Section.
Sep. 1989 Changed stock-exchange listing to the Tokyo Stock Exchange First Section.
Dec. 1989 Invested in Oshima Electric Works Co., Ltd.(Gunma Pref.).
Oct. 1993 Established Thai Summit Mitsuba Electric Manufacturing Co., Ltd. in Thailand as a joint venture with Thai Summit.
Sep. 1994 Invested in Tokyo Electrica de Mexico, S.A. de C.V.
Oct. 1996 Renamed to Mitsuba Corporation, from Mitsuba Electric Mfg. Co., Ltd.
Oct. 1996 Established Mitsuba Philippines Corporation in the Philippines.
Aug. 1997 Established Mitsuba M-Tech Vietnam Co., Ltd. in Vietnam.
Feb. 2000 Established Mitsuba Europe Ltd. in UK.
Apr. 2000 Established Corporacion Mitsuba de Mexico, S.A. de C.V. in Mexico.
Mar. 2001 Established Mitsuba Sical India Ltd. in India.
May 2001 Established Mitsuba Automotive Systems of Europe Kft. in Hungary.
Aug. 2001 Established Mitsuba Manufacturing Philippines Corporation in the Philippines.
Nov. 2001 Established P.T. Mitsuba Indonesia as a joint venture together with Asian Honda Motor Co., Ltd. and other companies.
Sep. 2002 Established Mitsuba do Brasil Ltda. in Brazil.
Jan. 2003 Invested into Jidosha Denki Kogyo Co., Ltd. (JIDECO).
Aug. 2004 Completed a stock swap with Jidosha Denki Kogyo Co., Ltd.
Sep. 2004 Established Mitsuba Vietnam Technical Center in Vietnam.
Oct. 2005 Renamed CME Corporation to CME LLC.
Oct. 2005 Established Fundidora Mitsuba de Mexico S.A. de C.V. in Mexico.
Nov. 2005 Established American Mitsuba Sales LLC and CME Automotive LLC.
Apr. 2006 Renamed CME Corporation to CME LLC.

Apr. 2006

Established Mitsuba Germany GmbH in Germany.
Oct. 2006 Established Mitsuba Shihlin Electric (Wuhan) Co., Ltd. in China.
Nov. 2006 Established Mitsuba Asia R&D Co., Ltd. in Thailand.
Dec. 2006 Established Ichiko Mitsuba, Inc. in U.S.A.
Apr. 2007 Absorbed Jidosha Denki Kogyo Co., Ltd.
Aug. 2009 Mitsuba Philippines Corporation merged two consolidated subsidiaries in the Philippines.
Sep. 2009 Closed the Kikugawa Plant in Sizuoka Prefecture.
Apr. 2010 Sun-You Corporation absorbed M-Tech Co., Ltd.
Jul. 2010 Sold Mitsuba Walbro Inc. through a stock transfer. 
Dec. 2010 American Mitsuba Corporation absorbed and merged the operations of American Mitsuba Sales LLC.
Apr. 2011 Liquidated Safety Texas Autoparts Inc., with American Mitsuba Corporation inheriting the assets and liabilities.
Jan. 2012 Liquidated CME L.L.C. and CME Automotive L.L.C., with American Mitsuba Corporation inheriting the assets and liabilities.
Jan. 2013 Corporacion Mitsuba de Mexico, S.A. de C.V. merged and absorbed the operations of both Tokyo Electrica de Mexico, S.A. de C.V. and Partes de Precision Mitsuba de Mexico, S.A. DE C.V.
Jan. 2014 Established P.T. Tatsumi Indonesia in Indonesia.
Jan. 2015 Mitsuba Bardstown Incorporated was merged into American Mitsuba Corporation.
May 2015 Established Corporacion Tatsumi de Mexico, S.A. de C.V.
Nov. 2016 Established Mitsuba Teklas Turkey Otomotiv A.S. in Turkey.
Apr. 2018 Established Sendai R&D Center in Sendai City, Miyagi, Japan.

Supplemental Information 1