-A leading manufacturer of automotive precision springs and industrial fasteners.
-The Company and Saga Tekkosho Co., Ltd. each became the dominant shareholder in the other company. The two companies have a business partnership in the field of automotive fasteners.
-The air dampers for glove boxes enjoy the largest share in the global market and are used worldwide. As for the locks for glove boxes also have the largest market share in Japan. (Research by the Company)
-In FY ended March 2016, consolidated sales were JPY 64,341 million (a 8.1% increase on a year-over-year (y/y) basis), operating income was JPY 9,151 million (a 13.3% increase y/y), ordinary income was JPY 10,063 million (a 9.3% increase y/y), and net income attributable to owners of the parent was JPY 7,025 million (a 11.5% increase y/y). Automotive related products accounted for 94% of the Company's overall sales.
-In January 2015, Piolax, Ltd., the U.K. unit of Piolax, Inc., has won a first fastener program from Renault S.A. In January 2016, the Company opened a German office to win business from Volkswagen.
-The Company's battery and motor components made from copper and flame resistance materials were adopted for EVs and HEVs. The Company is aiming to expand sales in Japan, while increasing production overseas.
Mid-term Management Plan (April 2016 - March 2019)
-In June 2016, the Company announced its new Mid-term Management Plan for April 2016 - March 2019.
Financial targets for March 2019 (USD 1 = JPY 105)
- Consolidated sales: JPY 66 billion, among which JPY 40.9 billion (62%) is expected to be generated outside Japan
- Consolidated operating income: JPY 9.5 billion (OPM: 14.4%), of which JPY 5.2 billion (OPM: 12.8%) is expected to be generated outside Japan.
|-Listed on the first section of the Tokyo Stock Exchange.||(As of Mar. 31, 2016)|
|Name or Company Name||Investment Ratio (%)|
|Saga Tekkohsho Co., Ltd.||15.40|
|BBH for Fidelity Low Priced Stock Fund||6.88|
|Japan Trustee Services Bank, Ltd. (Trust Account)||4.69|
|The Master Trust Bank of Japan, Ltd. (Trust Account)||3.57|
|BBH Fidelity Puritan Fidelity Series Intrinsic Opportunities Fund||2.35|
Open-close Mechanisms Parts
- Rod type
- String type
- Side lock type
- Center lock type
Fuel System Parts
-One touch connectors & Small filters
-Evaporation tube assemblies
-Wiring clips (band type)
-Wiring clips (tape-binding type) & Connector clips
-Wiring clips (holder type) & Harness protectors
-Tension springs & Torsion springs
Drive System Parts
-Disc springs & Flat springs
-Oil strainers & Oil gutters
-Shape-memory alloy parts
|Sep. 1939||Established as Kato Hatsujo Inc.|
|Jun. 1957||Established the Yokohama Plant in Hodogaya, Yokohama|
|Oct. 1964||Established the Totsuka Plant in Totsuka, Yokohama|
|Oct. 1970||Established the Mooka Plant in the First Industrial Park in Maoka, Tochigi|
|Oct. 1973||Established K.P. Products Inc. in Hodogaya, Yokohama, as a joint venture with Peterson American Corporation, a spring manufacturer in the U.S. Started production of automatic transmission rings.|
|May, 1995||Increased capital of (USA) Piolax Corporation to USD 6 million|
|Aug. 1995||Established a subsidiary, Piolax Limited in Lancashire, England|
|Oct. 1995||Changed the name of the company to Piolax Corporation|
|Jun. 1996||Established Piolax Corporation in Seoul, Korea with Samyung Trading Co., Ltd. in Korea (moved to Icheon-si in April 1997)|
|Sep. 1996||(Korea) Piolax Corporation increased capital by 0.3 billion won to 0.4 billion won|
|Dec. 1996||(Korea) Piolax Corporation increased capital by 1.5 billion won to 1.9 billion won|
|May, 1997||(USA) Piolax Corporation obtained QS9000|
|Jun. 1997||(England) Piolax Limited increased capital to 33 million pounds|
|Feb. 1998||(Korea) Piolax Corporation increased capital by 1 billion won to 2.9 billion won|
|Oct. 1998||Established the Fuji Plant in Anbara, Shizuoka. Moved the Totsuka Kogyo operation to and also started the Fuji Branch in the same location (added second plant in March 2000)|
|Apr. 1999||Established STK Inc. by combining three subsidiaries, Totsuka Kasei, Hodogaya Hatsujo and STK|
|Jun. 1999||(England) Piolax Limited increased capital to 4.05 million pounds|
|Oct. 1999||Established PMT Inc. in Hodogaya, Yokohama|
|Jan. 2000||Piolax merged K.P. Products Inc.|
|Mar. 2000||Piolax Limited formed New Plant and transfer in Lancashire, England|
|Jul. 2000||Obtained ISO9001, an international quality assurance certification.|
|Apr. 2002||Increased the capital of Piolax Corporation located in the USA to 1,201 million US dollars.|
|May 2002||S.T.K Co., Ltd. changed its name to Piolax HFS, Ltd.|
|Oct. 2002||Established Piolax OC Systems in Hodogaya-ku, Yokohama City, Kanagawa Pref.|
|Jan. 2003||Reorganized KHK of UK Ltd. as a sales company by adding a sales function, and changing the company name to Piolax Ltd.|
|Jan. 2003||Reorganized the existing Piolax Ltd into a manufacturing company, changing the company name to Piolax Manufacturing Ltd.|
|Jan. 2003||Expanded the capital of Piolax (Thailand) Ltd. in Thailand to 250 million Baht.|
|May, 2003||Increased the capital of Piolax (Thailand) Ltd. to 300 million Baht.|
|Aug. 2003||Established Dongguan Piolax in Guangdong prov., China together with two Taiwanese companies.|
|Sep. 2003||Established a representative office in France.|
|Sep. 2004||Listed on the First Section of the Tokyo Stock Exchange.|
|Aug. 2005||Established PNS in Hodogaya-ku, Yokohama City, Kanagawa Prefecture.|
|Aug. 2005||Increased it share capital in Dongguan Piolax Co., Ltd. to US$3.6 million.|
|Oct. 2005||Merged Piolax OC Systems into Piolax.|
|Jan. 2007||The Company acquired all the shares in Sankyo Hatsujo Co., Ltd., which was its affiliate under the equity method.|
|Mar. 2007||Dongguan Piolax Co., Ltd. increased its capital to 7.1 million US dollars.|
|Apr. 2007||N.S Co., Ltd. absorbed Sankyo Hatsujo Co., Ltd.|
|May, 2007||Dongguan Piolax Co., Ltd. built a new plant in Dongguan, Guangdong Province, China, and transferred its headquarters there.|
|Oct. 2007||Established Piolax Kyusyu Co., Ltd. in Iizuka City, Fukuoka Prefecture.|
|Apr. 2009||Canceled the merger agreement with San Long Industrial Co., Ltd. in Taiwan.|
|Apr. 2009||Increased the capital of Dongguan Piolax Co., Ltd. in China to 19.10 million US dollars.|
|Dec. 2009||Established Piolax India Private Ltd. in Chennai, India.|
|Dec. 2009||Piolax Ltd. (U.K.) merged with Piolax Manufacturing Ltd. (U.K.)|
|Jul. 2010||Established Piolax Mexicana, S.A. de C.V. in Apodaca, Mexico|
|Jul. 2012||Established PT. Piolax Indonesia in West Java, Indonesia.|
|Aug. 2012||Established Wuhan Piolax Co., Ltd. in Hubei Province, China, through a joint-investment project with Dongguan Piolax Co., Ltd.|
|Sep. 2014||Piolax Co., Ltd. in Korea has established a new production and development base in the Incheon Free Economic Zone, and moved to the location.|
Supplemental Information 1
Technology licensing-in Agreement
|(As of Mar. 31, 2016)|
|Norma Germany GmbH||Automotive fuel delivery components||Approved use of patent||August 18, 1995 - August 17, 2000.
This contract renews annually.
|Norma Germany GmbH||Plastic fuel tank components||Approved use of patent||Added to the contract above.|
|Norma Germany GmbH||Plastic fuel tank components||Approved use of patent||December 13, 2001 - December 12, 2006.
This contract renews annually.
|(As of Mar. 31, 2016)|
|Saga Tekkohsho Co., Ltd.
|Comprehensive business cooperation including capital alliances||March 23, 2001 through March 22, 2006.
After this, automatically extended every year unless a six-month notice is given.
>>>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 Business report
>>>IR information of PIOLAX, INC.
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
Note: A figure in brackets ( ) indicates a loss