Yorozu Corp.
Company Profile
■URL
http://www.yorozu-corp.co.jp/en/
■Address
Business Overview
-Manufactures automotive mechanical components, auto body components and engine components, dies and facilities.
-Nissan accounts for 65.7% of total sales (FY ended Mar. 31, 2024). The Company already delivers products to Honda, Toyota, VW and other OEMs and plans to increase deliveries to them.
Shareholders
-Listed on the Prime Market of the Tokyo Stock Exchange | (As of Mar. 31, 2024) |
Name or Company name | Investment Ratio (%) |
The Master Trust Bank of Japan, Ltd. (Trust Account) | 6.15 |
Minami Aoyama Hudosan | 4.99 |
S-GRANT. Co., Ltd | 4.91 |
Shido Holdings Co., Ltd. | 3.64 |
JFE Steel Corporation | 3.47 |
Mizuho Bank, Ltd. | 3.47 |
The Bank of Yokohama, Ltd. | 3.47 |
Suzuki Motor Corporation | 3.30 |
Mitsubishi UFJ Trust and Banking Corporation | 2.81 |
Nissan Trading Co., Ltd. | 2.20 |
Total | 38.42 |
Products
-Front suspension members
-Rear suspension members
-Suspension modules
-Rear beams
-Links
-Brake pedals
-Splash guards
-Oil pans
-Body frames
-Engine Mount
-Body Parts
-Rear cab mount for truck
-Cab link for truck
History
Apr. 1948 | Established Yorozu Jidosha Kogyo with capital of 195,000 yen in Tsurumi-ku, Yokohama to enter the automotive repair shop business. |
Apr. 1949 | Began doing business with Nissan Heavy Industries (currently Nissan Motor) by producing and supplying exhaust tubes for Nissan's 180 truck. |
Apr. 1950 | Switched from automotive repair to producing automotive components. |
Dec. 1959 | Established a new factory in Kohoku-ku, Yokohama and started operations there. (current headquarters) |
Jun. 1960 | Moved the headquarters to its current location in Kohoku-ku, Yokohama. |
Jun. 1969 | Nissan Motor obtained a 25% ownership in the Company. |
Jun. 1990 | Changed the name of the Company from Yorozu Jidosha Kogyo to Yorozu Corporation. |
Mar. 1994 | Listed on the second section of the Tokyo Stock Exchange. |
Jul. 1994 | Acquired CYC from Calsonic (Formerly Calsonic Kansei) and made the company into a subsidiary. |
Sep. 1995 | Listed on the first section of the Tokyo Stock Exchange. |
Sep. 2000 | Established Yorozu Automotive North America (YANA) in Michigan, USA. Has 100% ownership. |
Agreed to an all-inclusive strategic tie-up with Tower Automotive (US). | |
Tower Automotive International Yorozu Holdings, Inc. (wholly-owned subsidiary of Tower Automotive Corporation), which took over the share of Yorozu from Nissan Motor, became our largest shareholder. | |
Feb. 2001 | Dissolved Fukushima Yorozu Co. Ltd. and settled accounts in May of the same year. |
Sep. 2001 | Established Yorozu Automotive Mississippi (YAM), in Mississippi, USA. Has 100% ownership. |
Dec. 2001 | Yorozu America received all the shares issued of Yorozu Automotive North America, Inc. and Yorozu Automotive Mississippi, Inc. and made them both its fully owned subsidiaries. |
Nov. 2002 | Established Yorozu Engineering Systems (Thailand) Co., Ltd. (YEST) in Rayong, Thailand under the full investment from both Yorozu engineering and Yorozu (Thailand) Co., Ltd. |
Sep. 2003 | Established Yorozu Oita Corporation in Nakatsu-shi, Oita as a manufacturing outsourcing company. Has 100% ownership. |
Nov. 2003 | Established a joint venture, Yorozu Bao Mit Automotive Co., Ltd. (YBM), in Guangdong prov., China jointly with Shanghai Baosteel International Economic & Trading Corporation Ltd. and Mitsui&Co., Ltd. |
Mar. 2004 | Through a share buyback transaction, the Company acquired all the shares that Yorozu's biggest shareholder, Tower Automotive International Yorozu Holdings, Inc. (fully owned subsidiary of Tower Automotive), held; and subsequently dissolved the capital tie-up. |
Mar. 2004 | Established Yorozu Tochigi Corporation in Oyama-shi, Tochigi as a manufacturing outsourcing company. Has 100% ownership. |
Jan. 2005 | Yorozu transferred all the shares of YAT Inc. to Yorozu America Corporation, which subsequently made YAT into a subsidiary. |
Aug. 2005 | Established Yorozu Aichi Corporation in Nagoya, Aichi Prefecture. Has 100% ownership. |
Sep. 2007 | The Company transferred a 10 percent equity share in Yorozu Thailand to Y-Tec Corporation. |
Dec. 2009 | Dissolved Yorozu Automotive Mississippi, Inc. |
Jul. 2010 | Established Whuhan Yorozu Bao Mit Automotive Co., Ltd. (W-YBM) in Hubei Province, China through a joint investment with Bao Steel Metal Co., Ltd. and a Japanese trading house, Mitsui & Co. (W-YBM is included in the Company's consolidated financial statements.) |
Feb. 2011 | Established Yorozu JBM Automotive Tamil Nadu Pvt Ltd. (YJAT) in Tamil Nadu, India through a joint investment with JBM Auto System Private Limited. (YJAT is included in the Company's consolidated financial statements.) |
Feb. 2012 | Established PT. Yorozu Automotive Indonesia (YAI) in Karawang Regency as wholly owned consolidated subsidiary. |
Mar. 2012 | YMEX wholly financed the establishment of Yorozu Automotive Guanajuato de Mexico, S.A. de C.V. (YAGM) in Guanajuato, Mexico. |
Apr. 2012 | YTC wholly financed the establishment of Y-Ogura Automotive (Thailand) Co., Ltd. (Y-OAT) in Rayong Province, Thailand. |
Sep. 2012 | Esablished Yorozu Automotive Do Brasil Ltda. (YAB) a wholly owned, consolidated subsidiary. |
Apr. 2014 | Started operating the Yorozu Global Technical Center (YGTC) in Oyama, Tochigi prefecture, Japan. |
Aug. 2015 | Established Yorozu Corporation Europe Office in the suburbs of Paris, France. |
Oct. 2015 | Established Yorozu Automotive Alabama, Inc. (YAA) in the USA (a consolidated subsidiary) |
Sep. 2016 | Acquired the stock shares that Sumitomo Corporation, Shonai Bank, Ltd., and Yorozu Service Corporation held in Shonai Yorozu Corporation (SY), turning SY into a wholly owned subsidiary. |
Sep. 2017 | Expanded the production plant and installed additional production facilities at Yorozu Engineering Corporation. |
Sep. 2018 | Expanded the production plant and installed additional production facilities at Yorozu Oita Corporation. |
Mar. 2020 | Turned Yorozu Automotive do Brasil Ltda. into a wholly owned subsidiary after acquiring the company’s stock shares from Mitsui & Co. (U.S.A.), Inc. (The Brazilian company previously had been a consolidated subsidiary.) |
Apr. 2022 | Moved from the First Section to the Prime Market due to a review of the Tokyo Stock Exchange. |
Apr. 2024 | Changed name of Yorozu Aichi Co., Ltd. to Yorozu Sustainable Manufacturing Center Co., Ltd. (YSMC), relocating the head office from Nagoya, Aichi Prefecture to Wanouchi, Anpachi District, Gifu Prefecture. |
Supplemental Information 1
>>>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
>>>FY ended Mar. 31, 2017 Business report
>>>FY ended Mar. 31, 2018 Business report
>>>FY ended Mar. 31, 2019 Business report
>>>FY ended Mar. 31, 2020 Business report
>>>FY ended Mar. 31, 2021 Business report
>>>FY ended Mar. 31, 2022 Business report
>>>FY ended Mar. 31, 2023 Business report
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss