|
Company Name
|
NIFCO Inc.
|
|
Headquarters:
|
184-1 Maioka-cho, Totsuka-ku, Yokohama City, Kanagawa Pref., 244-8522 Japan
|
|
Homepage:
|
http://www.nifco.co.jp/
|
|
Business
Segment :
|
-The Company has three business segments, which are composite plastic molded products, beds and furniture, and newspapers and publishing.
-The Company holds the top market share in the domestic plastic fastener market.
|
|
Products:
|
Fasteners
Weather strip clips
Trim clips
Linkage bushings
Hole plugs
Protectors
Hood bumper rubbers
Garnish clips
Mat fasteners
Connectors
Bolt caps
Dampers
Gear dampers
Middle-torque gear dampers
Barrel dampers
Axis dampers
Buckles
|
|
Customers:
|
Toyota, Nissan, Honda, Mitsubishi Motors, Mazda, Suzuki, Fuji Heavy Industries, Daihatsu, Isuzu, Hino, UD Trucks, Ford, Hyundai
|
Products
|
Maker
|
Model
|
Model year
|
|
Suction filter
|
Toyota
|
Allion
|
2010
|
|
Suction filter
|
Toyota
|
Coaster
|
2010
|
|
Suction filter
|
Toyota
|
Dyna
|
2010
|
|
Suction filter
|
Toyota
|
Harrier Hybrid
|
2010
|
|
Suction filter
|
Toyota
|
Isis
|
2010
|
|
Suction filter
|
Toyota
|
Noah
|
2010
|
|
Suction filter
|
Toyota
|
Porte
|
2010
|
|
Suction filter
|
Toyota
|
Premio
|
2010
|
|
Suction filter
|
Toyota
|
Raum
|
2010
|
|
Suction filter
|
Toyota
|
Voxy
|
2010
|
|
Suction filter
|
Toyota
|
Wish
|
2010
|
|
Armrest
|
Nissan
|
Dualis
|
2007 TMS
|
|
Armrest
|
VW
|
Golf
|
2007 TMS
|
|
Bumper bracket
|
Honda
|
Civic
|
2007 TMS
|
|
Center console
|
Toyota
|
Camry
|
2007 TMS
|
|
Console ashtray
|
Shanghai GM
|
Buick Park Avenue
|
2007 TMS
|
|
Console cup holder
|
Shanghai GM
|
Buick Park Avenue
|
2007 TMS
|
|
CTR fascia assy
|
Hyundai
|
Veracruz
|
2007 TMS
|
|
Cup holder assy
|
Honda
|
N/A
|
2007 TMS
|
|
Cup holder assy
|
Hyundai
|
Veracruz
|
2007 TMS
|
|
FR cup holder
|
GM
|
N/A
|
2007 TMS
|
|
RR storage box
|
GM
|
N/A
|
2007 TMS
|
|
Side air vent assy
|
Hyundai
|
Veracruz
|
2007 TMS
|
|
Storage box
|
Honda
|
Elysion
|
2007 TMS
|
|
Storage box
|
Honda
|
Legend
|
2007 TMS
|
|
Storage box
|
Mitsubishi
|
Triton
|
2007 TMS
|
|
Storage box
|
Nissan
|
Elgrand
|
2007 TMS
|
|
Storage box
|
Nissan
|
X-Trail
|
2007 TMS
|
|
Sun-glass holder
|
Honda
|
CR-V
|
2007 TMS
|
|
Fastener
|
Honda
|
Ridgeline
|
2006
|
Sources: Vehicle news and our own research
|
|
Number of Employees:
|
5,886 employees (As of Mar. 31, 2011)
|
|
Shareholders :
|
|
|
Board Member :
|
Masaru Onodera (President)
|
|
Business Highlights :
|
|
R&D Expenses
|
(in millions of JPY)
|
|
|
FY2010
|
FY2009
|
FY2008
|
|
Overall
|
1,665
|
1,360
|
1,710
|
|
Composite plastic molded products
|
1,654
|
1,344
|
1,685
|
R&D Activities
-In the area of fuel filter technology, the Company successfully commercialized a lower priced automotive suction-filter by integrating two-types of conventional filters into a single-unit. This new filter is still able to offer not only high performance but also improved durability.
-In conducting R&D activities on energy-reduction technology, the Company is developing high-strength plastic fasteners and fundamental parts to replace conventional metal parts and thus reduce CO2 emissions by making cars, including HEVs and EVs, lighter in weight.
Technical Alliance Agreements
(As of Mar. 31, 2011)
|
Company Name
(Location)
|
Contract Coverage
|
Contract Term
|
|
Illinois Tool Works Inc.
(USA)
|
Plastic buckles
|
Until Aug. 27, 2023
|
Technical License Agreements
(As of Mar. 31, 2011)
|
Company Name
(Location)
|
Contract Coverage
|
Contract Term
|
|
Nifco Taiwan Corporation
(Taiwan)
|
Manufacturing technologies for plastic buckles and industrial fasteners
|
Until Dec. 31, 2015
|
|
Nifco Korea Inc.
(Korea)
|
Manufacturing technologies for plastic buckles and fasteners
|
Until Dec. 31, 2014
|
|
Union Nifco Co, Ltd.
(Thailand)
|
Manufacturing technologies for plastic buckles; and assembling both plastic and metal fasteners
|
Until Dec. 31, 2011
|
|
Nifco Manufacturing (Malaysia) Sdn. Bhd
(Malaysia)
|
Manufacturing technologies for plastic buckles and fasteners
|
Until Dec. 31, 2012
|
|
Nifco (Hong Kong) Ltd.
(Hong Kong)
|
Manufacturing technologies for plastic buckles, plastic or metal fastener assembly
|
Until Dec. 31, 2010
|
|
Nifco U.K. Ltd.
(UK)
|
Industrial plastic parts and assemblies that contain other parts and materials
|
Until Dec. 31, 2014
|
|
Nifco America Corporation
(USA)
|
Industrial plastic parts and assemblies that contain other parts and materials
|
Until Dec. 31, 2014
|
|
Nifco Products Espana S.L.U.
(Spain)
|
Buckle/industrial plastic parts and assemblies that contain other parts and materials. Manufacturing technologies for dies for these parts and finished products
|
Until Dec. 31, 2012
|
|
Shanghai Nifco Plastic Manufacturer Co., Ltd.
(China)
|
Resin and metal parts/finished goods with fastening properties. Products combining resin parts and metal parts; buckles; and manufacturing technology for dies used to manufacture these parts and finished products
|
Until Dec. 31, 2012
|
|
Boosung Industrial Corporation
(Korea)
|
Buckle/industrial plastic parts and assemblies that contain other parts and materials. Manufacturing technologies for dies for these parts and finished products
|
Until Dec. 31, 2012
|
|
Dongguan Nifco Co., Ltd.
(China)
|
Resin and metal parts/finished goods with fastening properties. Products combining resin parts and metal parts; buckles; and manufacturing technology for dies used to manufacture these parts and finished products
|
Until Dec. 31, 2012
|
|
Nifco Thailand Co., Ltd.
(Thailand)
|
Buckle/industrial plastic parts and assemblies that contain other parts and materials. Manufacturing technologies for dies for these parts and finished products
|
Until Dec. 31, 2013
|
|
Tifco (Dongguan) Co., Ltd.
(China)
|
Resin and metal parts/finished goods with fastening properties. Products combining resin parts and metal parts; buckles; and manufacturing technology for dies used to manufacture these parts and finished products
|
Until Dec. 31, 2011
|
|
Beijing Nifco Co., Ltd.
(China)
|
Resin and metal parts/finished goods with fastening properties. Products combining resin parts and metal parts; buckles; and manufacturing technology for dies used to manufacture these parts and finished products
|
Until Dec. 31, 2010
|
|
Nifco Poland Sp.zo.o.
(Poland)
|
Industrial plastic parts and assemblies that contain other parts and materials. Manufacturing technologies for dies for these parts and finished products
|
Until Dec. 31, 2011
|
|
Nifco Vietnam Ltd.
(Vietnam)
|
Industrial plastic parts and assemblies that contain other parts and materials. Manufacturing technologies for dies for these parts and finished products
|
Until Dec. 31, 2013
|
|
Nifco (Tianjin) Co. Ltd.
(China)
|
Resin and metal parts/finished goods with fastening properties. Products combining resin parts and metal parts; buckles; and manufacturing technology for dies used to manufacture these parts and finished products
|
Until Dec. 31, 2015
|
|
Nifco India Private Ltd.
(India)
|
Industrial plastic parts and assemblies that contain other parts and materials. Manufacturing technologies for dies for these parts and finished products
|
Until Dec. 31, 2015
|
|
Nifco (Hubei) Co., Ltd.
(China)
|
Resin and metal parts/finished goods with fastening properties. Products combining resin parts and metal parts; buckles; and manufacturing technology for dies used to manufacture these parts and finished products
|
Until Dec. 31, 2016
|
|
Nifco (Jiang Su) Co., Ltd.
(China)
|
Resin and metal parts/finished goods with fastening properties. Products combining resin parts and metal parts; buckles; and manufacturing technology for dies used to manufacture these parts and finished products
|
Until Dec. 31, 2016
|
|
|
Affiliates
Companies :
|
Major Subsidiaries and Affiliates
|
Company
|
Location
|
Main Business
|
Ownership Ratio(%)
|
|
Consolidated Subsidiaries
|
|
Nifco America Corporation
|
Ohio,
USA
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Nifco UK Ltd.
|
Cleveland,
UK
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Snip Glove Ltd.
|
London,
UK
|
Holding company of Nifco U.K. Ltd.
|
100
|
|
Nifco Products Espana S.L.U.
|
Barcelona,
Spain
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Nifco Poland Sp.zo.o.
|
Swidnica,
Poland
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Nifco Deutschland GmbH
|
Eschborn,
Germany
|
Import and sale of composite plastic molded products
|
100
|
|
Nifco Korea Inc.
|
Cheonan,
Korea
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Boosung Industrial Corporation
|
Busan,
Korea
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Nifco Korea USA Inc.
|
Alabama,
USA
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Beijing Nifco Co., Ltd.
|
Beijing,
China
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Nifco Vietnam Ltd.
|
Tay Ninh,
Vietnam
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Nifco (Hong Kong) Ltd.
|
New Territory,
Hong Kong
|
Composite plastic molded products business
|
100
|
|
Shanghai Nifco Plastic Manufacturer Co., Ltd.
|
Shanghai,
China
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Dongguan Nifco Co., Ltd.
|
Guangdong,
China
|
Manufacture and sale of composite plastic molded products
|
90
|
|
Nifco Taiwan Corporation
|
Taipei,
Taiwan
|
Manufacture and sale of composite plastic molded products
|
60
|
|
Tifco (Dongguan) Co., Ltd.
|
Guangdong,
China
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Nifco Thailand Co., Ltd.
|
Chonburi,
Thailand
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Union Nifco Co, Ltd.
|
Bangpakong,
Thailand
|
Manufacture and sale of composite plastic molded products
|
50
|
|
Nifco Manufacturing (Malaysia) Sdn. Bhd.
|
Klang,
Malaysia
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Nifco (Singapore) Pte .Ltd.
|
Bukit Batok,
Singapore
|
Import and sale of composite plastic molded products
|
100
|
|
Nifco Enterprise Management (Shanghai) Co., Ltd.
|
Shanghai,
China
|
Business operations dealing in composite plastic molded products
|
100
|
|
Nifco (Tianjin) Co. Ltd.
|
Tianjin,
China
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Nifco India Private Ltd.
|
Haryana,
India
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Nifco South India Manufacturing Private Ltd.
|
Tamil Nadu,
India
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Nifco (Hubei) Co., Ltd.
|
Hubei,
China
|
Manufacture and sale of composite plastic molded products
|
100
|
|
Nifco Yamagata Inc.
|
Yamagata,
Japan
|
Manufacture and sale of composite plastic molded products
|
90
|
|
Nifco Kumamoto Inc
|
Kumamoto,
Japan
|
Manufacture and sale of composite plastic molded products
|
97.5
|
|
Affiliates Accounted for under the Equity Method
|
|
Nichiei Seiki Co. Ltd.
|
Kanagawa,
Japan
|
Manufacture and sales of dies
|
27.2
|
|
Nifco Kasei Co. Ltd.
|
Tokyo,
Japan
|
Manufacture and sale of composite plastic molded products
|
30
|
|
|
Sales Data:
|
|
Sales by Segment
|
(in millions of JPY)
|
|
|
FY2010
|
FY2009
|
FY2008
|
|
Sales
|
Operating
income
|
Sales
|
Operating
income
|
Sales
|
Operating
income
|
|
Composite plastic molded products
|
104,276
|
15,484
|
89,512
|
10,848
|
101,469
|
9,479
|
|
Bedding and furniture
|
14,107
|
1,533
|
13,523
|
1,011
|
15,663
|
1,465
|
|
Newspapers and publishing
|
-
|
-
|
-
|
-
|
2,883
|
(335)
|
|
Others
|
2,270
|
(395)
|
4,502
|
(288)
|
2,525
|
(118)
|
|
Total
|
120,653
|
16,622
|
107,538
|
11,571
|
122,541
|
10,490
|
|
Elimination and Corporation
|
(80)
|
(3,515)
|
(32)
|
(3,018)
|
(22)
|
(3,252)
|
|
Consolidated
|
120,574
|
13,106
|
107,505
|
8,553
|
122,518
|
7,237
|
|
Sales by Geographic Area
|
(in millions of JPY)
|
|
|
|
|
|
|
|
|
|
|
|
FY2010
|
FY2009
|
FY2008
|
|
Sales
|
Operating
income
|
Sales
|
Operating
income
|
Sales
|
Operating
income
|
|
Japan
|
70,386
|
8,444
|
69,637
|
7,084
|
75,013
|
4,934
|
|
Asia
|
38,894
|
6,299
|
29,495
|
4,106
|
34,110
|
4,925
|
|
North America
|
12,702
|
790
|
8,656
|
(350)
|
11,661
|
(195)
|
|
Europe
|
5,999
|
484
|
5,215
|
280
|
6,744
|
271
|
|
Total
|
127,982
|
16,020
|
113,005
|
11,120
|
127,530
|
9,935
|
|
Eliminated and Corporation
|
(7,408)
|
(2,913)
|
(5,499)
|
(2,567)
|
(5,011)
|
(2,698)
|
|
Consolidated
|
120,574
|
13,106
|
107,505
|
8,553
|
122,518
|
7,237
|
|
|
|
|
|
|
|
|
|
|
|
Financial Status :
|
|
Financial Overview
|
(in millions of JPY)
|
|
|
FY2010
(ended
Mar. 2011)
|
FY2009
|
Rate of
change
(%)
|
Factors
|
|
Overall
|
|
Sales
|
120,574
|
107,505
|
12.2
|
-
|
|
Operating income
|
13,106
|
8,553
|
53.2
|
-
|
|
Ordinary income
|
12,541
|
8,118
|
54.5
|
-
|
|
Current net income
|
7,531
|
4,468
|
68.6
|
-
|
|
Composite plastic molded products
|
|
Sales
|
104,276
|
89,512
|
16.5
|
(1)
|
|
|
|
|
|
Source :
|
http://www.nifco.co.jp/
|
