Yorozu Corp.

Company Profile

■URL

http://www.yorozu-corp.co.jp/en/

■Address

3-7-60 Tarumachi, Kohoku-ku, Yokohama-shi, Kanagawa 222-8560, Japan

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

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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

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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.