-A major manufacturer of precision automotive springs and industrial-use fasteners. Automotive products account for 95% of sales.
-The Company and Saga Tekkosho Co., Ltd. became each other’s major shareholders, forming a business alliance in the automotive fastener sector.
-According to the Company’s own research, it has the number one share in the world of air-dampers that smoothly open gloveboxes and locks that fasten both sides of gloveboxes.
|-Listed on the first section of the Tokyo Stock Exchange.||(As of Mar. 31, 2019)|
|Name or Company Name||Investment Ratio (%)|
|Saga Tekkohsho Co., Ltd.||16.28|
|BBH for Fidelity Low Priced Stock Fund||6.66|
|Japan Trustee Services Bank, Ltd. (Trust Account)||6.22|
|The Master Trust Bank of Japan, Ltd. (Trust Account)||5.13|
|BBH Fidelity Puritan Fidelity Series Intrinsic Opportunities Fund||2.48|
|NORTHERN TRUST CO. (AVFC) RE HCR00||2.04|
|Japan Trustee Services Bank, Ltd. (Trust Account 9)||1.67|
Powertrain System Parts
-Tension Torsion Spring
-Disc springs & Flat springs
-Drive system resin parts
Fuel System Parts
-Fuel cut off valve
-Valve for filler neck
-Fuel check valve
-Resin molded part for module
-Resin tube ASSY part
-Small welded part made of HDPE
-Small mesh filter
Open-close Mechanisms Parts
-Cushion with spring
|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.|
|Oct. 2016||Based on a short-form merger, absorbed the operations of Psteam Co., Ltd.|
|Jan. 2019||Established Shanghai Piolax Co., Ltd. in Shanghai.|
Supplemental Information 1
Technology licensing-in Agreement
|(As of Mar. 31, 2019)|
|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.
|Piolax of Taiwan Inc.
|Dies, plastic fasteners||Production technology and related support for dies and plastic fasteners||
From October 1986 to October 2007, thereafter automatically renews every five years
|Plastic precision clips, precision springs, and related assembly parts used in the automotive and electronics industries.||Technology, engineering, marketing, and service agreement licenses for items specified under the agreement||From April 1, 1993 (for unlimited period of time)|
|Plastic precision clips, precision springs, and related assembly parts used in the automotive and electronics industries.||Technology, engineering, marketing, and service agreement licenses for items specified under the agreement||From August 1995 (for unlimited period of time)|
|Piolax Co., Ltd.
|Plastic precision clips, precision springs, and related assembly parts used in the automotive and electronics industries.||Technology, engineering, marketing, and service agreement licenses for items specified under the agreement||From June 1996 to June 19, 2006,
thereafter automatically renews every year
|Piolax (Thailand) Ltd.
|From August 10, 2008 (for unlimited period of time)|
|Dongguan Piolax Co., Ltd.
|From July 1, 2014 to June 30, 2024|
|Piolax Mexicana, S.A. de C.V.
|From January 1, 2011 (for unlimited period of time)|
|Piolax India Private Ltd.
|From January 1, 2010 (for unlimited period of time)|
|PT. Piolax Indonesia
|From December 1, 2012
(for unlimited period of time)
|Wuhan Piolax Co., Ltd. (China)||From January 1, 2014 to December 31, 2023|
|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
>>>FY ended Mar. 31, 2018 Business report
>>>IR information of PIOLAX, INC.
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)