Topre Corporation

Company Profile

■URL

http://www.topre.co.jp/en/

■Address

3-12-2, Nihonbashi, Chuo-ku, Tokyo 103-0027, Japan

Business Overview

-Non-affiliated major pressed (stamped) parts supplier.

-It manufactures and sells mainly pressed (stamped) products, constant temperature logistics products, air-conditioning equipments and electronic equipments.

 

Financial Results Highlights

-The Company’s financial results for the fiscal year that ended in March 2020 are as follows.
Consolidated sales: JPY 213.5 billion (6.1% increase year-over-year)
Operating income: JPY 13.8 billion (30.7% decrease year-over-year)
Ordinary income: JPY 10.7 billion (50.5% decrease year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 8.4 billion (45.1% decrease year-over-year).

 

Topics
Merged Two Subsidiaries
-The Company announced that it will merge with its two wholly owned subsidiaries, Top Kogyo Co., Ltd. (Chuo Ward, Tokyo) and Topre R&D Co., Ltd. (Chuo Ward, Tokyo), on July 1. Topre will be the surviving company, and these two subsidiaries will be dissolved. Due to it being a wholly owned subsidiary merger, there will be no allocation of shares or money. Topre forecasts that this merger will have little effect on its consolidated financial performance. (From an article in the Nikkan Jidosha Shimbun on April 25, 2020)

FY 21 Sales Target of JPY 270 Billion, Investmenting in North America and Asia
-The Company aims to achieve sales of JPY 270 billion for the fiscal year that ends in March 2022 (FY 2021). The company plans to increase sales by about JPY 70 billion from the figure of FY 2018 by expanding capital investment in North America and Asia. The company will accelerate the installment of hot stamping lines to prepare for anticipated increases in demand, and establish new plants in China and Indonesia. Topre is aiming to increase orders from automakers other than its main customer, Nissan Motor Co., Ltd. In North America, which is a key region for Topre, the company will invest at its plants in Alabama, Tennessee (mainly for Nissan), and Ohio (mainly for Toyota Motor Corporation and Honda Motor Co., Ltd.), in order to modify existing press machines for the forming of aluminum. In Ohio, the company started production of SUV products in October 2018, to make them its main products to replace sedan products whose sales have been sluggish. In Mexico, new hot stamping lines will be installed to start operations in 2020. (From an article in the Nikkan Jidosha Shimbun on June 4, 2019)

Shareholders

-Listed on first section of Tokyo Stock Exchange. (As of Mar. 31, 2020)
Name or Company Name Investment Ratio (%)
Japan Trustee Services Bank, Ltd. 11.55
The Master Trust Bank of Japan, Ltd. 5.81
Individual shareholder 5.05
Resona Bank, Ltd. 4.74
Mitsubishi UFJ Trust and Banking Corporation 4.73
Nippon Life Insurance Co. 4.06
Sumitomo Life Insurance Co. 2.71
Customers share holding commission 2.67
Mizuho Bank 2.40
GOVERNMENT OF NORWAY 2.15
Total 45.91

Products

Automotive pressed products
Radiator core supports
Front pillars
Center pillars
Rear pillars
Wheel houses
Door beams
Battery cases for electric vehicles

History

Apr. 1935 Established Tokyo Stamp Works Co. Ltd. in Kouto-ku, Tokyo with capital of 300,000 yen. Mainly engaged in stamping and assembly of sheet metal.
Oct. 1937 Acquired Jotoh Kogyo.
Jan. 1958 Acquired Tokyo Die-Cast Co. Ltd.
July 1960 Set up a die-cast plant in Kanagawa, and named it the Sagamihara Plant.
Oct. 1963 Set up an assembly plant in the Sagamihara Plant. combining it with a die-cast plant and stamping plant.
March 1964 Set up a stamping and assembly plant in Hiroshima (currently East Hiroshima City) and named it the Hiroshima Plant.
July 1964 Moved the headquarters from Kouto-ku to Chuo-ku, Tokyo.
July 1965 Merged the Tokyo Plant into the Sagamihara Plant.
Jan. 1968 Established a stamping plant and die-cast plant in the Sagamihara Plant.
Aug. 1978 Established a representative office in the US.
Oct. 1985 Changed the Company name to Topre Corporation.
May 2000 Started constructing in June 2000 a 2.5 billion yen new plant in Kyusyu to produce press parts for Toyota and Nissan factories in Kyusyu. Topre plans to supply the parts, currently produced at Hiroshima Plant.
July 2000 The refrigerator sales subsidiary of Topre, Topurec, strengthened its sales and service functions in the Kansai area, relatively weak as compared with the Tokyo area.
Nov. 2000 Topre has developed, jointly with a steel plate maker, the strongest, 150-kilogram tension press parts for the body of a car.
Nov. 1999 Established Topre Kyusyu Co., Ltd. in Tanushimaru-machi, Ukiha-gun, Fukuoka, Japan with capital of 100 million Yen.
June 2002 Established Topre America Corporation in Cullman, Alabama, USA. Topre America is currently a consolidated subsidiary capitalized at 25 million yen as of March 31, 2009.
Apr. 2008 Established Topre Saitama Co., Ltd. in Tokigawa Town, Saitama Prefecture. Topre Saitama is capitalized at 100 million yen and is currently a consolidated subsidiary.
Jan. 2010 Established Topre (Foshan) Autoparts Corporation, wholly investing 2 billion yen in capital. The company is a consolidated subsidiary.
Dec. 2010 Established Topre Thailand Co., Ltd., currently a consolidated subsidiary, in Bangkok.
Feb. 2012 Established Topre Xiangyang Automobile Parts Co., Ltd., currently a consolidated subsidiary, in Xiangyang, Hubei Province.
Mar. 2012 Established Topre Autoparts Mexico,S.A de C.V., currently a consolidated subsidiary, in Querétaro.
Jan. 2014 Established a new plant in Suzuka, Mie Prefecture (the Suzuka Plant), which produces automotive equipment.
Oct. 2015 Established a new production plant, Topre (Thailand) Co., Ltd., in Samut Prakan Province in Thailand.
Jan. 2016 Turned Topre Tokai Corporation (Inabe-gun, Mie Pref. ) into a wholly owned subsidiary (now a consolidated subsidiary capitalized at JPY 490 million).
Apr. 2017 The operations of Topre Saitama, a consolidated subsidiary, were merged into the Company’s operations. The Suzuka Plant operations were transferred to Topre Tokai.
Oct. 2017 The operations of Topre Gifu, a consolidated subsidiary, were merged into the Company’s operations.
Mar. 2019 Established Topre (Wuhan) Autoparts Corporation, wholly investing 500 million yen in capital. The company is a consolidated subsidiary.
May 2019 Invested JPY 400 million in Mitsuike Corporation (in Yokohama, Kanagawa Prefecture), turning it into a consolidated subsidiary.

Supplemental Information 1

Technical Agreement

(As of Mar. 31, 2020)
Company Country Products under Agreement Details Period of Agreement
Sunrise Machinery Co., Ltd. China Stamped products and dies Provision of and consent to use technical information Feb. 18, 2020 – February 17, 2020
FSD Group France Stamped products and dies Provision of and consent to use technical information May 21, 2019 – May 20, 2024

 

>>>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, 2016 Business report

>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)