| Company Name |
Tokai Rika Co. Ltd. |
| Year Established |
|
| Chief Officer |
Yuzo Ushiyama (President)
|
| Address |
3-260 Toyota, Oguchi-cho, Niwa-gun, Aichi 480-0195, Japan
|
| URL |
|
| Phone |
+81-587-95-5211 begin_of_the_skype_highlighting
+81-587-95-5211 end_of_the_skype_highlighting
|
| FAX |
|
|
Strategies :
|
9,739.6m USD (FY ended Dec. 31, 2009)
|
Affiliates
Companies : |
Number of Affiliates: [Consolidated Subsidiaries] 530 [Affiliates Accounted for by the Equity Method] 55 <As of March 31, 2008>
|
| Financial Status : |
Financial Highlights
Consolidated Financial Highlights (U.S. GAAP) *Fiscal years ended March 31
|
|
Number of
Employees
|
15,028 eployees (as of Mar. 31, 2010)
|
|
Sales
|
Consolidated: 331,014m JPY (FY ended Mar. 31, 2010)
|
| Capital |
Non Consolidated: 22,856m JPY (as of Mar. 31, 2010)
|
Shareholders
(as of March 31,
2010) |
Listed on first section of Tokyo Stock Exchange
Listed on first section of Nagoya Stock Exchange
|
Name or Company Name
|
Investment Ratio (%)
|
|
Toyota Motor Corp.
|
31.16
|
|
Denso Corp.
|
9.38
|
|
Japan Trustee Services Bank, Ltd. (Trust Account)
|
9.16
|
|
The Master Trust Bank of Japan, Ltd.
|
5.01
|
|
Dai-ichi Mutual Life Insurance Co.
|
2.52
|
|
Japan Trustee Services Bank, Ltd. (Trust Account 9)
|
1.07
|
|
Employees Stockholding
|
0.88
|
|
Trust & Custody Services Bank, Ltd.
|
0.85
|
|
CB London RE fund116
|
0.84
|
|
Aioi Insurance Co., Ltd.
|
0.77
|
|
Total
|
61.68
|
|
| |
*All data in the report are on a consolidated basis, unless otherwise stated. |
| Overview |
-The Company is a major interior parts supplier producing human interface systems and controls (switches), security systems (key locks), safety systems (airbag, seat belts, door mirrors), exterior decorating products and electrical appliances & devices (ECUs, sensors).
|
| Products |
Human Interface Systems and Controls
Lever combination switches
Power window switches
Steering switches
Module/integration switches
Voice controllers
Shift levers for automatic transmissions
Hazard switches
Mirror switches
Fog lamp switches
Rheostat light control switches
Defogger switches
Power seat switches
Cigarette lighters
Neutral start switches
Parking brake switches
Engine oil pressure switches
Door lock switches
Brake lamp switches
Door light switches
Backing light switches
Connectors
Security Systems
Mechanical key locks
Remote key locking systems
Immobilizer systems
Smart keys
Safety Systems
Steering wheels
Seat belts
Door mirrors
Room mirrors
Child safety seat series: (Baby safety seats, Child safety seats, junior safety seats, Buggies)
Exterior Decorating Products
Resin wheel covers
Resin half covers
Resin center caps
Namings
Electrical Appliances & Devices
ECUs for door functions
ECUs for cooled/heated seats
Rotation sensors for electric-vehicle motors
- Acceleration sensors
- Steering angle sensors
- Vehicle speed sensors
- Custom IC
|
| Customers |
<Japan>
Toyota Motor Corporation
Daihatsu Motor Co., Ltd.
Hino Motors, Ltd.
Mitsubishi Motors Corporation
Suzuki Motor Corporation
Mazda Motor Corporation
Isuzu Motors Limited.
Fuji Heavy Industries Ltd.
Honda Motor Co., Ltd.
Nissan Motor Co., Ltd.
Toyota Auto Body Co., Ltd.
Volkswagen Group Japan KK
<North America>
General Motors Corporation
Chrysler Group LLC
Ford Motor Company
<Europe>
Saab Automobile AB
Volvo Car Corporation
<Asia>
Hyundai Motor Company
Percentage of Sales by Major Customer (%)
|
|
FY2009
|
FY2008
|
FY2007
|
|
Toyota Motor
|
37.2
|
37.1
|
37.0
|
|
Overseas subsidiaries of Toyota
|
-
|
27.3
|
29.0
|
|
Affiliated Companies of Toyota
|
-
|
14.7
|
13.3
|
|
Certifications/
Awards |
ISO 14001
In 2000, the entire group of companies obtained this certification.
So far, Its 16 overseas subsidiaries have already obtained this certification.
|
Toyota plant
|
ISO9001
|
April 1996
|
|
No.4 Plant
|
ISO9001/QS9000
|
Sept. 1998
|
|
Rica Auto Parts Co., Ltd. (Taiwan)
|
ISO9002
|
Aug. 1997
|
|
TRMI, Inc. (USA)
|
ISO9001/QS9000
|
Sept. 1997
|
|
Thai Seat Belt Co., Ltd. (Thailand)
|
ISO9002
|
March 1998
|
In 2006, the Company obtained ISO/TS16949 certification.
|
|
Employees
|
|
|
FY2009
|
FY2008
|
FY2007
|
|
Automotive products
|
13,935
|
13,671
|
13,737
|
|
Electrical parts
|
618
|
680
|
539
|
|
In common
|
475
|
487
|
500
|
|
Total
|
15,028
|
14,838
|
14,776
|
|
|
Facilities
|
|
Main Plant
|
Head Office
Plant
|
Aichi Pref., Japan
|
Resin injection molding, machining and assembly (Electronic parts, power window switches, pressure switches, plunger switches, mirrors, medical electronic devices, rationalized devices and equipment, measuring instruments, electronic parts of agricultural machinery, and construction vehicle parts)
|
|
Nishibiwajima Plant
|
Aichi Pref., Japan
|
Assembly (Multifunction switches, and automotive switches)
|
|
Toyota Plant
|
Aichi Pref., Japan
|
Resin injection molding, machining, plating and assembly (Seatbelts, plastic wheel covers, and ornaments)
|
|
Otowa Plant
|
Aichi Pref., Japan
|
Resin-injection molding, urethane foam, transfer molding, die-casting (aluminum, magnesium, zinc), machining and assembly (Locks and keys, shift levers, cigarette lighters, housing connectors, motorcycle parts)
|
|
Hagi Plant
|
Aichi Pref., Japan
|
Air bag assembly (Airbags, child safety seats, neutral safety start switches and steering wheel)
|
|
Subsidiaries/
Affiliates |
Major subsidiaries/affiliated companies for the automotive parts business
|
Company Name
|
Location
|
Main Business
|
Voting rights ownership ratio (%)
|
|
Consolidated Subsidiaries
|
|
Ena Tokai Rika Co., Ltd.
|
Gifu Pref., Japan
|
Manufacture and sales of automotive resin parts
|
100.0
|
|
NSK Co., Ltd.
|
Gifu Pref., Japan
|
Manufacture and sales of power window switches
|
100.0
|
|
Tokai Rika Eletec Co., Ltd.
|
Aichi Pref., Japan
|
Production and sales of automotive key cylinders and electric parts
|
100.0
|
|
TRAM, Inc.
|
Michigan, USA
|
Sales of products manufactured at the North American headquarters and North American subsidiaries; R&D activities
|
100.0
|
|
TAC Manufacturing, Inc.
|
Michigan, USA
|
Manufacture of steering wheels, airbags and shift levers for automobiles
|
100.0
|
|
TRIN, Inc.
|
Indiana, USA
|
Manufacture of automotive components such as switches
|
100.0
|
|
TRMI, Inc.
|
Michigan, USA
|
Manufacture of automotive components such as switches
|
100.0
|
|
Quality Safety Systems Company
|
Ontario, Canada
|
Manufacture and sales of automotive seatbelts
|
100.0
|
|
TRBR Industria e Comercio Ltda
|
Sao Paulo, Brazil
|
Manufacture of automotive components such as switches
|
100.0
|
|
TRCZ s. r. o.
|
Lovosice, Czech
|
Manufacture and sales of automotive parts
|
100.0
|
|
TRB Ltd.
|
Denbighshire, UK
|
Manufacture of automotive components such as switches
|
100.0
|
|
Rica Auto Parts Co., Ltd.
|
Taoyuan, Taiwan
|
Manufacture and sales of automotive components such as switches and key locks.
|
100.0
|
|
Foshan Tokairika Automotive Parts Co., Ltd.
|
Foshan, China
|
Manufacture and sales of automotive components such as switches and key locks.
|
96.6
|
|
Tianjin Tokairika Automotive Parts Co., Ltd.
|
Tianjin, China
|
Manufacture of automotive components such as switches
|
95.0
|
|
Wuxi Risho Technology Co., Ltd.
|
Wuxi, China
|
Manufacture and sales of automotive seatbelts
|
60.0
|
|
TRP
|
Laguna, Philippines
|
Manufacture of automotive components such as switches
|
100.0
|
|
Tokai Rika Asia Co., Ltd.
|
Chonburi, Thailand
|
Holding company
|
100.0
|
|
Thai Seat Belt Co., Ltd.
|
Chonburi, Thailand
|
Manufacture and sales of automotive seatbelts
|
50.0
|
|
Tokai Rika (Thailand) Co., Ltd.
|
Rayong, Thailand
|
Manufacture and sales of automotive key locks
|
100.0
|
|
Tokai Rika Minda India Private Ltd.
|
Bangalore, India
|
Production and sales of automotive switches
|
70.0
|
|
Affiliated Companies applicable to the equity method
|
|
TRMAX Engineering Co., Ltd.
|
Aichi, Japan
|
Automotive parts
|
35.0
|
|
Miroku Techno Wood Co., Ltd.
|
Kohchi, Japan
|
Manufacture and sales of components for transport equipment
|
25.0
|
|
TGR Technical Center
|
Michigan, USA
|
Evaluation on safety products, such as seat belts, air bags, and steering wheels
|
40.0
|
|
STF Co., Ltd.
|
Chonan-si, Korea
|
Development and manufacture of electronic units for automotive components.
|
35.0
|
|
Shinchang Electrics Co., Ltd.
|
Ansan-si, Korea
|
Manufacture and sales of automotive components such as switches and key locks.
|
28.3
|
|
| Sales Data |
|
Sales by Segment
|
( in millions of JPY )
|
|
|
FY2009
|
FY2008
|
FY2007
|
|
Automotive products
|
Switch
|
124,987
|
119,160
|
157,116
|
|
Seat belt
|
69,930
|
71,114
|
94,421
|
|
Key lock
|
60,270
|
70,187
|
90,715
|
|
Shift lever
|
27,534
|
27,139
|
33,675
|
|
Steering wheel
|
11,724
|
11,197
|
17,032
|
|
Mirror
|
10,838
|
11,791
|
15,060
|
|
Airbag
|
-
|
839
|
-
|
|
Adornment
|
4,199
|
4,601
|
5,423
|
|
Others
|
14,953
|
14,376
|
21,129
|
|
Subtotal
|
324,438
|
330,409
|
434,574
|
|
Electrical parts & Others
|
6,576
|
7,008
|
5,426
|
|
Total
|
331,014
|
337,417
|
440,001
|
|
Sales by Geographic Area
|
in millions of JPY)
|
|
|
FY2009
|
FY2008
|
FY2007
|
|
Sales
|
Operating Profit
|
Sales
|
Operating Profit
|
Sales
|
Operating Profit
|
|
Japan
|
244,399
|
7,840
|
246,113
|
(4,730)
|
314,629
|
20,346
|
|
North America
|
57,507
|
1,496
|
55,624
|
(2,843)
|
88,154
|
1,875
|
|
Asia
|
50,453
|
7,189
|
50,376
|
7,140
|
61,926
|
9,229
|
|
Other areas
|
16,100
|
935
|
18,793
|
140
|
28,416
|
1,187
|
|
Total
|
368,460
|
17,462
|
370,907
|
(292)
|
493,126
|
32,639
|
|
Corporate elimination
|
(37,446)
|
570
|
(33,490)
|
1,104
|
(53,125)
|
737
|
|
Consolidated
|
331,014
|
18,032
|
337,417
|
811
|
440,001
|
33,376
|
|
(FY2009)
|
|
North America
|
-
|
USA, Canada
|
|
Asia
|
-
|
China, Taiwan, Philippines, Thailand, India
|
|
Other areas
|
-
|
UK, Czech, Brazil, Belgium
|
|
(FY2008)
|
|
North America
|
-
|
USA, Canada
|
|
Asia
|
-
|
China, Taiwan, Philippines, Thailand
|
|
Other areas
|
-
|
UK, Czech, Brazil
|
|
(FY2007)
|
|
North America
|
-
|
USA, Canada
|
|
Asia
|
-
|
China, Taiwan, Philippines, Thailand
|
|
Other areas
|
-
|
UK, Czec
|
|
Percentage of overseas sales within the consolidated sales figures
|
(%)
|
|
|
FY2009
|
FY2008
|
FY2007
|
|
North America
|
17.3
|
16.4
|
20.0
|
|
Asia
|
16.3
|
14.7
|
13.9
|
|
Other areas
|
5.0
|
5.8
|
6.6
|
|
Total
|
38.6
|
36.9
|
40.5
|
|
(FY2009, FY2008)
|
|
North America
|
-
|
USA, Canada
|
|
Asia
|
-
|
China, Taiwan, Philippines, Thailand
|
|
Other areas
|
-
|
UK, Czech, Brazil
|
|
(FY2007)
|
|
North America
|
-
|
USA, Canada
|
|
Asia
|
-
|
China, Taiwan, Philippines, Thailand
|
|
Other areas
|
-
|
UK, Czech
|
|
|
Consolidated
Financial Data
|
|
FY Ended March 31
|
FY2005
|
FY2006
|
FY2007
|
FY2008
|
FY2009
|
|
Sales (million yen)
|
363,423
|
405,139
|
440,001
|
337,417
|
331,014
|
|
Income from ordinary business
activities (million yen)
|
21,671
|
26,500
|
34,414
|
1,020
|
20,372
|
|
Net income (million yen)
|
14,846
|
17,948
|
21,282
|
1,063
|
12,603
|
|
Net assets (million yen)
|
133,845
|
148,429
|
161,950
|
150,379
|
163,550
|
|
Total assets (million yen)
|
240,977
|
259,990
|
270,873
|
226,584
|
269,737
|
|
Book value per share (yen)
|
1,442.16
|
1,619.76
|
1,758.34
|
1,625.63
|
1,763.45
|
|
EPS (yen)
|
165.98
|
197.45
|
236.26
|
11.77
|
139.54
|
|
Diluted EPS (yen)
|
157.97
|
196.76
|
235.45
|
11.77
|
139.54
|
|
Net asset ratio (%)
|
55.5
|
56.0
|
58.6
|
64.8
|
59.1
|
|
ROE (%)
|
12.2
|
12.8
|
14.0
|
0.7
|
8.2
|
|
PER
|
20.2
|
14.2
|
11.0
|
82.9
|
13.8
|
|
Cash flow from operating
activity (million yen)
|
29,111
|
28,010
|
43,961
|
20,066
|
32,650
|
|
Cash flow from investment
activity (million yen)
|
(10,342)
|
(26,777)
|
(31,784)
|
(25,253)
|
(9,213)
|
|
Cash flow from financial
activity (million yen)
|
(3,529)
|
(8,390)
|
(5,089)
|
(3,720)
|
5,612
|
|
Balance at the term-end of cash and cash equivalents (million yen)
|
36,312
|
29,894
|
35,419
|
25,008
|
54,329
|
|
Number of employees
|
12,896
|
13,705
|
14,776
|
14,838
|
15,028
|
|
|
Non Consolidated
Financial Data
|
|
FY Ended March 31
|
FY2005
|
FY2006
|
FY2007
|
FY2008
|
FY2009
|
|
Sales (million yen)
|
280,910
|
302,376
|
322,610
|
248,188
|
248,282
|
|
Income from ordinary business
activities (million yen)
|
12,733
|
19,076
|
23,556
|
(2,319)
|
11,788
|
|
Net income (million yen)
|
8,704
|
12,954
|
12,445
|
(2,900)
|
7,829
|
|
Paid-in Capital (million yen)
|
22,856
|
22,856
|
22,856
|
22,856
|
22,856
|
|
Number of stock outstanding (1000)
|
94,234
|
94,234
|
94,234
|
94,234
|
94,234
|
|
Net assets (million yen)
|
115,462
|
119,918
|
128,539
|
118,583
|
126,920
|
|
Total assets (million yen)
|
200,609
|
208,956
|
216,167
|
179,725
|
210,712
|
|
Book value per share (yen)
|
1,244.54
|
1,333.36
|
1,442.11
|
1,308.98
|
1,399.37
|
|
Dividend per share (yen)
|
26.00
|
34.00
|
48.00
|
32.00
|
32.00
|
|
EPS (yen)
|
97.11
|
142.50
|
138.16
|
(32.12)
|
86.68
|
|
Diluted EPS (yen)
|
92.62
|
142.00
|
137.69
|
-
|
86.68
|
|
Net asset ratio (%)
|
57.6
|
57.4
|
59.4
|
65.8
|
60.0
|
|
ROE (%)
|
8.1
|
11.0
|
10.0
|
(2.4)
|
6.4
|
|
PER
|
34.6
|
19.6
|
18.9
|
-
|
22.1
|
|
Payout ratio (%)
|
26.77
|
23.86
|
34.74
|
-
|
36.92
|
|
Number of employees
|
5,165
|
5,445
|
5,681
|
5,912
|
6,054
|
|
