Calsonic Kansei Corporation

Company Profile

■URL

https://www.calsonickansei.co.jp/english/index.html

■Address

2-1917 Nisshin-cho, Kita-ku, Saitama-city, Saitama 331-8501, Japan

Business Overview

-A Nissan-affiliated parts manufacturer.  In the fiscal year that ended March 2016, 84.1% of the Company's sales are with the Nissan Group.
-The Company is mainly engaged in developing and manufacturing heat-exchangers, exhaust systems, climate-control systems, electronic/electric parts, interior parts, and modules.

Mid-term management plan

-In June 2011 the Company announced its mid-term management plan called CK GX4 T10. The plan, which is being implemented through fiscal year 2016, is based on four "Gs" and achieving three "T10s", which are objectives for strategic growth.

  • Four "Gs": Green・Growth・Global・Great Company
  • Achieving three "T10s"

1) Creating 10 new, world-leading, environmentally friendly products (As of FY2014, it had achieved creating and launching seven.  Achieved two in FY2015. )
>>>Link to "Product Development" for details
2) Becoming one of the top 10 global companies (Achieving sales over JPY 1 trillion in FY 2016 → Achieved sales over JPY 1 trillion in FY2015)
3) Becoming one of the 10 most profitable companies in the world (Achieving a profit margin around 7% in FY2016)

Business Highlights

-The Company's sales in the fiscal year ended March 2016 increased by JPY 87.7billin (9.1%) over the previous year to JPY 1,053.3 billion, due to gain from favorable currency translation and increasing of the production volume  of the major customers.

-From FY2013 to FY2015, the Company updated for 3 consecutive years record high in sales and operating income.

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2016)
Name or company name Investment ratio (%)
Nissan Motor Co., Ltd. 40.7
Japan Trustee Services Bank, Ltd. (Trust Account) 5.0
The Master Trust Bank of Japan, Ltd (Trust Account) 3.5
National Mutual Insurance Federation of Agricultural Cooperatives 2.7
Mizuho Trust & Banking Co., Ltd.
(Trust & Custody Services Bank Ltd.)
2.0
Nippon Life Insurance Company 2.0
Japan Trustee Services Bank, Ltd. (Trust Account 9) 1.8
BBH Boston Custodian for Japan Value Equity Concentrated Fund A Series of 620135 1.1
Chase Manhattan Bank GTS Clients Account Escrow 1.1
CBNY-Government of Norway 1.1
Total 61.1


-It has been learned that Nissan Motor Co., Ltd. is considering selling all the shares it holds in auto parts supplier Calsonic Kansei Corporation. On May 24, Nissan said, "Calsonic Kansei is one of the most important partners for the Renault Nissan alliance, and we are considering various options that would boost its competitiveness". Nissan is the largest shareholder of the Company with over 40% of shares, which are worth approximately JPY 100 billion (based on the closing stock price on May 23). Nissan is likely to allocate the funds from the transfer for its future strategic investment projects. (From an article in the Nikkan Jidosha Shimbun on May 25, 2016)

Products

Cockpit Modules / Interior Products
-Instrument clusters
-HVAC units
-Electronic components; centralized switches
-Instrument panels
-Body control modules (BCM)
-Main harnesses

Climate Control Systems
-Air conditioning units
-Intake blower units
-Compressors
-Condensers
-Receiver Driers
-Pipes

Compressors
-Variable displacement compressors
-Rotary compressor series

Heat Exchange Systems
-Radiators
-Condensers
-Motor fans
-Charge air coolers (Inter coolers)
-EGR coolers for gasoline engines
-Radiator core support
-Built-in oil coolers / warmers
-Engine fan shroud
-SLIM COOL (Single Layer Integrated Cooling Module)

Electronics Products
-Body Electronics

  • BCM (Body Control Module)
  • ADPS (Auto Driving Position System)
  • Keyless Entry
  • Airbag control units
  • Occupant Detection System

-Human Machine Interface Components

  • Meter clusters
  • I-CON; intelligent control display
  • Controls; integrated switches

-Power Electronics Components

  • LBC; Lithium Ion Battery Controller
  • Inverters for EVs
  • LIN communication motor actuators for HVAC
  • FCM (Fan control modules)
  • Blower motors for HVAC

Exhaust Systems
-HOT END

  • Exhaust manifold converters
  • Under floor converters

-COLD END

  • Flexible tubes
  • Mufflers
  • Control valves

-Others

  • Diesel Emission Control Device

History

Aug. 1938 Founded as Nippon Radiator Manufacturing Co., in Tameike, Akasaka, Minato-ku, Tokyo with capital of 20 thousand yen.
Dec. 1948 Transferred headquarters to Minamidai, Nakano-ku, Tokyo.
Dec. 1952 Renamed as Nippon Radiator Co.,
Jun. 1954 Became a sole supplier of radiators to Nissan Motor.
Feb. 1962 Listed on the Tokyo Stock Exchange.
Jun. 1962 Established the Oppama Plant in Natsushima-cho, Yokosuka, Kanagawa Pref.
Jun. 1966 Established the Atsugi Plant in Aikawa-cho, Aikou-gun, Kanagawa Pref. (in the Kanagawa Pref. Inland Industrial Park)
Jul. 1969 Established the Sano Plant in Sakae-cho, Sano, Tochigi Pref. (in the Sano Industrial Park)
Oct. 1972 Opened a American representative office in Los Angeles, California.
May 1974 Established the Gunma Plant in Oura-machi, Oura-gun, Gunma Pref.
Jun. 1976 Established Calsonic Incorporated in Los Angeles, California (later renamed Calsonic Climate Control Corp in Jan. 1988)
Feb. 1977 Established the Kyushu Plant in Nakatushi, Oita Pref. (currently the Kyushu Nakatushi Plant)
Apr. 1983 Established Calsonic Manufacturing in Tennessee, US.
Apr. 1984 Established NICHIRA International in Victoria, Australia (current company name is Calsonic Australia)
Sep. 1984 Established TI-NIHON in the Netherlands (current company name is Calsonic Automotive Products (NL)).
Feb. 1986 Established Calsonic International in Los Angeles, California as a regional headquarters for the Company's American subsidiaries.
Mar. 1986 Established TI-NIHON UK (current company name is Calsonic Automotive Products) in the U.K.
May 1986 Established Calsonic Harrison in Kiyohara Industrial Park, Utsunomiya-city, Tochigi Pref., as a joint venture with General Motors
Jul. 1988 Established CEI in Tennessee, USA.
Aug. 1988 Renamed as Calsonic Corporation
Jun. 1989 Acquired Sranessry Radiator Group (located in UK), and established Calsonic International (UK) (current company name is Calsonic International (Europe)) as a regional headquarters for the Company's European subsidiaries.
Apr. 1991 Established Crimatisadoress Calsonic in Spain and Calsonic Korea Inc. in Korea.
Jun. 1991 Built a main building for development in Sakae-cho, Sano, Tochigi Pref. and renamed the former Air Conditioning Technology Center as the Technical Center.
Sep. 1991 Established Calsonic Oita Co., Ltd. in Usashi, Oita Pref.
Oct. 1995 Merged Calsonic Manufacturing and Calsonic Climate Control, and named the company North America Calsonic.
Jan. 1996 Founded CESKOR Inc. in South Korea.
Oct. 1997 All facilities obtained ISO9001 certificate simultaneously. In addition, QS9000, a quality standard set by a U.S. automobile manufacturer, is expected to be obtained by the entire organization.
Feb. 1996 Constructed Biwako plant in Ishibe-cho, Koga-gun, Shiga Pref.
Oct. 1996 Established Calsonic Products Inc. by merging Calsonic Twintee Corp., Calsonic Nitto Corp. and Calsonic Kowa Corp.
May 1997 Founded Calsonic Mexicana S.A.de C.V.
Nov. 1999 Signed a merger contract with Kansei Corp. (Date of merger: April 1, 2000)
Jan. 2000 Opened a Paris office to respond orders from Renault. Reorganized the company's part-based sections into module-based sections.
Mar. 2000 Closed its Bewako Plant and integrated exhaust products manufacturing sites at its Gunma Plant. Also reduced no. of production line from 4 to 2.
Apr. 2000 Renamed as Calsonic Kansei after the merger with Kansei Corp.
Mar. 2001 Established Calsonickansei North America in the U.S. as its North American headquarters, and Calsonic Mexicana S.A.de C.V. in Mexico as its Mexican headquarters.
Apr. 2001 Established a wholly-owned subsidiary, Calsonic Kansei (Thailand) Co., Ltd. in Thailand.
Jul. 2002 Handed over a portion of its wire harness business operations.
Jul. 2002 The Kyushu Plant was first acquired by an existing company, Calsonic Oita Co., Ltd., which was then spun off and adopted the name CKK Corporation.
Jul. 2002 Established Calsonic Kansei (Wuxi) Corporation in China.
Jul. 2003 Established a joint venture, Calsonic Compressor in (Narashino City, Chiba Prefecture), with Seiko Instruments Inc.
Oct. 2003 Spun off its Nihonmatsu plant and established CFK Corporation.
May 2004 Made Tokyo Radiator MFG Co., Ltd. as its consolidated subsidiary by purchasing Tokyo Radiator's new shares allocated to a third party and increasing the shareholding ratio to 40.7%.
Jan. 2005 Became Nissan Motor's consolidated subsidiary as Nissan purchased the Company's new shares allocated to a third party and increased the shareholding ratio to 41.9%.
Jul. 2005 Established Calsonic Kansei (China) Holding Company in Shanghai as the group's headquarters in China.
Apr. 2006 Calsonic North America, Inc. and Kantus Corporation merged, becoming Calsonic North America, Inc., the surviving entity.
Jun. 2006 Established Calsonic Kansei Romania S.R.L. in Romania.
Jan. 2007 Kantus Mexicana, Calsonic Mexico, and Calsonic Kansei Mexicana merged, becoming Calsonic Kansei Mexicana, S.A. de C.V.
Apr. 2007 Calsonic Kansei North America, Inc. and Calsonic North America, Inc. merged, becoming Calsonic Kansei North America, Inc.
May 2007 Constructed a new headquarters and a research and development center in Saitama City, Saitama prefecture and moved its headquarters and consolidated development and design departments there.
Jul. 2007 Acquired additional shares of Magna Kansei Limited, making it a subsidiary of which its results are included in the Company's consolidated financial statements. The company is currently called Calsonic Kansei Sunderland Limited.
Dec. 2007 Merged Calsonic Compressor Inc.
Sept. 2010 Ceased production at the Tochigi Plant.
May 2012 Established Calsonic Kansei do Brasil Industria e Comercio Ltda. in Brazil.
May 2012 Established Calsonic Kansei RUS LLC in Russia.
Dec. 2013 Acquired additional shares in Siam Calsonic Co., Ltd. in Thailand. (This company is included in the Company’s consolidated financial statements.)

Supplemental Information 1