IJTT Co., Ltd. (Formerly IJT Technology Holdings Co., Ltd.)

Company Profile

■URL

https://www.ijtt.co.jp/global/

■Address

Yokohama Daiya Bldg. 18F, 1-7 Kinkocho, Kanagawa-ku, Yokohama-shi, Kanagawa 221-0056, Japan

Business Overview

-The Company was established on Oct. 1, 2013 as a joint holding-company among three suppliers of the Isuzu Group, which integrated their management.

  • I Metal Technology (Forged/cast parts): Its annual production volume of 200,000 tons of cast iron and cast products accounts for 6% of the market in Japan.
  • Jidosha Buhin Kogyou (JBK) (Machining) A manufacturer specializing in propeller shafts for passenger vehicles and commercial vehicles.
  • TDF (Forged products) The company manufactures 70% of the front-axle i-beams in Japan, which are parts for front axles on trucks.

-Major products: The Company mainly delivers its products to commercial-vehicle OEMs and construction-machinery manufacturers. Its main products are engine parts such as cylinder blocks and crankshafts, propeller shafts, gears, transmission shafts, axles, differentials, and underbody knuckle arms.

-Merged I Metal Technology Co., Ltd., Jidosha Buhin Kogyo Co., Ltd., and TDF Corporation, and changed the Company's name to IJTT Co., Ltd.

Financial Performance Highlights

-The Company’s financial results for the fiscal year that ended in March 2019 are as follows.
Consolidated sales: JPY 174,936 million (8.9% increase year-over-year)
Operating income: JPY 7,738 million (2.0% decrease year-over-year)
Ordinary income: JPY 8,596 million (0.1% decrease year-over-year)
Current net profit attributable to the parent-company’s shareholders: 6,179 million (8.9% increase year-over-year)

-Isuzu Motors, which has a 42.39% shareholding in the Company, accounts for 69.0% of the Company’s total sales.

Shareholders

-Listed on the Second Section of the Tokyo Stock Exchange. (As of Mar. 31, 2019)
Name or Company Name Investment ratio (%)
Isuzu Motor Ltd. 42.39
Goldman Sachs International 3.57
Hitachi Construction Machinery Co., Ltd. 2.72
BBH for Fidelity Puritan TR: Fidelity SR Intrinsic Opportunities Fund 2.56
Midori Shareholding Association 2.34
Sato Shoji Co., Ltd. 2.07
FP Growth Support A Investment Limited Partnership 1.88
Individual shareholder 1.57
Mizuho Bank, Ltd. 1.56
The Mitsubishi UFJ Trust and Banking Corporation 1.56
Total 62.16

Products

Industrial engine
Transfer
Power take off
Propeller shaft
Intake throttle
Fly wheel
Rocker arm
Hub&drum assy
Hub&rotor assy
Diffcarrier assy
Diffcage assy
Cylinder head
Cylinder block
Crank case
Diff carrier
Exh-manifold
Fly wheel housing
Pully
Hub
Brake drum
Disk rotor
Transmission case
Trunion bracket
Spring seat
Spring bracket
i-beem front axle
Knuckle
Knuckle arm
Tierod arm
Main shaft
Clank shaft
Cam shaft
Yoke
Spider
Shaft end
Control valve

History

Mar. 2013 I Metal Technology Co., Ltd., TDF Corporation and Jidosha Buhin Kogyo Co., Ltd. have agreed to establish a joint holding company to combine operations.
May 2013 Signed a "management integration contract", to create a "Share Transfer Plan".
Jun. 2013 Decided at annual shareholders’ meeting of the three merged companies to establish the Company based on a joint transfer of stock shares and become wholly own subsidiaries of the Company.
Oct. 2013 IJT Technology Holdings Co., Ltd. was established. Listed on the second section of the Tokyo Stock Exchange.
May 2015 PT. TJForge Indonesia changed in equity method affiliate from a consolidated subsidiary by carrying out the capital increase.
Jun. 2015 I Metal Technology absorbed Isuzu Techno Sand. Co., Ltd.
Dec. 2016 I Metal Technology Co., Ltd. acquired San-ei Seisakusho Co., Ltd.
Mar. 2018 The Comapny concluded a basic agreement with regard to the merger of I Metal Technology Co., Ltd., Jidosha Buhin Kogyo Co., Ltd., and TDF Corporation.
Apr. 2018 I Metal Technology Co., Ltd. acquired Tohoku Sanwa Kinzoku Co., Ltd.
Apr. 2019 Merged I Metal Technology Co., Ltd., Jidosha Buhin Kogyo Co., Ltd., and TDF Corporation, and changed the Company's name to IJTT Co., Ltd.

Supplemental Information 1

-The Company was established on Oct. 1, 2013 as a joint holding-company among three suppliers of the Isuzu Group, which integrated their management.

Objectives of the Management Integration

  • To rapidly expand business and sales outside Japan, especially in the ASEAN Region
  • To advance and expand the role of the Japan operations
  • To expand and stabilize the customer base by presenting new products and technology, as well as present lower-priced products to customers

IJT Technology Holdings Co., Ltd.
>>>FY ended Mar. 31, 2016 Business report


I Metal Technology Co., Ltd.
>>> 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
>>> up until FY ended Mar. 31, 2015 Business report

Jidosha Buhin Kogyo Co., Ltd.
>>>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

TDF Corporation
>>>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
>>>up until FY ended Mar. 31, 2015 Business report

>>> IJT Technology Holdings Co., Ltd. (Investor Relations)

>>>Sales and Income Forecasts for the Next Fiscal Year