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{{Short description|Japanese steel manufacturer}}
{{Use mdy dates|date=May 2018}}
{{Infobox company
{{Infobox company
| name = Aichi Steel Corporation <br /> 愛知製鋼株式会社
|name = Aichi Steel Corporation
|native_name = 愛知製鋼株式会社
|native_name_lang = ja
| logo =
| caption =
|logo = Aichi Steel company logo.svg
| type = [[Public company|Public]]
|logo_size = 250px
| genre =
|image = Aichi Steel Corporation.JPG
| fate =
|image_size = 250px
|image_caption = Headquarters of Aichi Steel
| predecessor =
|type = [[Public Company|Public]] ([[Kabushiki gaisha|K.K]])
| successor =
|traded_as = {{TYO|5482}}<br>{{NAG|5482}}
| foundation = {{Start date|1940|3|8}} <ref name="profile">{{cite web |url=http://www.aichi-steel.co.jp/ENGLISH/com_info/profile.html |title=Kiichiro Toyoda, the Founder, and the Background of our Company |publisher="Aichi Steel" |accessdate=24 December 2010}}</ref>
| founder =
|ISIN = {{ISIN|sl=n|pl=y|JP3160700005}}
| defunct =
|foundation = {{Start date and age|1940|3|8}}
| location_city = [[Tōkai, Aichi]]
|hq_location_city = [[Tōkai, Aichi|Tōkai city, Aichi Prefecture]] 110-8408
| location_country = [[Japan]]
|hq_location_country = Japan
|key_people = Takahiro Fujioka<br><small>([[President (corporate title)|President]])</small>
| location =
| locations =
|industry = [[Steel]]
⚫
|products = {{unbulleted list|Steel|Forged steel products|Titanium products|Electro-magnetic products}}<ref>{{cite web |url=https://www.google.com/finance/quote/5482:TYO |title=Aichi Steel Corporation (Public, TYO:5482) |publisher=Google, Inc. |access-date=December 24, 2010}}</ref>
⚫
| area_served =
⚫
|revenue = {{increase}} [[Japanese yen|JPY]] 236 billion ([[Fiscal year|FY]] 2017)
| key_people = Shokichi Yasukawa, President <ref name="corporate outline">{{cite web |url=http://www.aichi-steel.co.jp/ENGLISH/com_info/co_outline.html |title=Corporate Outline |publisher=Aichi Steel |accessdate=24 December 2010}}</ref>
([[US dollar|US$]] 2.1 billion) (FY 2017)
| industry = Steel
|net_income = {{decrease}} JPY 8.1 billion (FY 2017)
⚫
| products = Steel <br /> Forged Products <br /> Electro-magnetic products <ref name="google">{{cite web |url=http://www.google.com/finance?q=TYO:5482 |title=AICHI STEEL CORPORATION (Public, TYO:5482) |publisher=Google, Inc. |accessdate=24 December 2010}}</ref>
(US$ 74 million) (FY 2017)
| services =
|num_employees = 4,773 (consolidated, as of March 31, 2017)
⚫
| revenue = {{decrease}} [[Japanese yen|\]]174,278 million (March 2010)
⚫
|area_served = Worldwide
| operating_income = {{increase}} [[Japanese yen|\]]4,313 million (March 2010)
| net_income = {{increase}} [[Japanese yen|\]]6,625 million (March 2010) <ref name="financial info">{{cite web |url=http://www.aichi-steel.co.jp/ENGLISH/ir/financial_info/index.html |title=Management performance Highlights |publisher=Aichi Steel |accessdate=24 December 2010}}</ref>
|homepage = {{Official website|http://www.aichi-steel.co.jp/ENGLISH/index.html}}
|footnotes = <ref>{{cite web |url=http://www.aichi-steel.co.jp/ENGLISH/about/company_profile.html |title=Corporate Profile |publisher=Aichi Steel |access-date=May 25, 2018}}</ref><ref name="Nikkei">{{cite web |url=https://asia.nikkei.com/Companies/Aichi-Steel-Corp |title=Company Profile |work=[[Nikkei Asian Review]] |publisher=[[Nikkei Inc.]] |access-date=May 25, 2018}}</ref>}}
| aum =
| assets =
| equity =
| owner =
| num_employees = 2,330 <ref name="corporate outline" />
| parent = Toyota Group
| divisions =
| subsid =
| homepage = {{URL|http://www.aichi-steel.co.jp/ENGLISH/}}
| footnotes =
| intl =
}}


{{nihongo|'''Aichi Steel'''|愛知製鋼|Aichi Seikō}}; {{tyo|5482}}) is a [[Japan|Japanese]] [[steel]] manufacturer. It is a member of the [[Toyota Group]].
{{nihongo|'''Aichi Steel'''|愛知製鋼|Aichi Seikō}}; is a Japanese [[steel]] manufacturer. It is a member of the [[Toyota Group]].

==History==
Aichi Steel was one of the earliest subsidiaries of the Toyota Group. Kiichiro Toyoda, the founder of Toyota, struggled to manufacture automobiles as the steel producers were uninterested to supply his small workshop with the steel sheets for automobiles.<ref name=":0">{{Cite book |last1=Hibino |first1=Shozo |title=Toyota's Global Marketing Strategy: Innovation through Breakthrough Thinking and Kaizen |last2=Noguchi |first2=Koichiro |last3=Plenert |first3=Gerhard |publisher=Taylor & Francis |year=2017 |isbn=978-1-351-67154-5 |language=en}}</ref> To address the problem, Toyoda bought his own furnace that provided his company with the casting expertise and forming equipment that would shape a car.<ref name=":0" /> This iron workshop became the precursor to Aichi Steel.

The company was established in 1934 as Aichi Seiko, the steel manufacturing department of Toyoda Automatic Loom Works, the predecessor to [[Toyota Industries]].<ref>{{cite book |first=Pradyumna P.|last= Karan |title=Japan in the Bluegrass |date=January 13, 2015 |publisher=[[University Press of Kentucky]] |isbn=978-0-8131-5933-1 |page=26}}</ref> The company derived its name from Aichi Prefecture, where Toyota's headquarters and major production facilities are located.<ref>{{Cite book |last=Smith |first=Michael P. |title=Pacific Rim Cities in the World Economy |publisher=Transaction Publishers |year=2004 |isbn=0-88738-735-7 |location=New Brunswick, NJ |pages=211 |language=en}}</ref><ref>{{Cite book |last=Karan |first=Pradyumna P. |title=Japan in the Bluegrass |publisher=University Press of Kentucky |year=2021 |isbn=978-0-8131-8775-4 |language=en}}</ref> It became an independent company in 1940 and changed its name to its present one in 1945.<ref name="Picken" />

Today, Aichi Steel supplies 40% of the steel, springs and forged products for automotive use to members of the Toyota Group.<ref name="Picken">{{cite book |author=Stuart D. B. Picken |title=The A to Z of Japanese Business |year=2009 |publisher=[[Rowman & Littlefield]] |isbn=978-0-8108-6872-4 |page=8}}</ref> This volume underscored Toyota's reliance on the partnership given the sophisticated nature of Aichi's manufacturing services, which few suppliers can replicate.<ref>{{Cite book |last=Barnes |first=David |title=Operations Management: An International Perspective |publisher=Bloomsbury Publishing |year=2018 |isbn=978-1-137-52578-9 |location=London |pages=302–301 |language=en}}</ref> In January 2016, a furnace explosion in one of Aichi's steel mills suspended production at Toyota's entire assembly plants for one week<ref>{{Cite web |last= |first= |date=2016-02-01 |title=Toyota to halt Japan output next week after steel plant explosion |url=https://www.japantimes.co.jp/news/2016/02/01/business/corporate-business/toyota-to-halt-japan-output-next-week-after-steel-plant-explosion/ |access-date=2022-11-16 |website=The Japan Times |language=en-US}}</ref> and threatened further disruptions to the company's operations for almost two months.<ref>{{Cite web |last=Tajitsu |first=Naomi |date=2016-02-01 |title=Toyota to stop Japan production for one week due to steel shortage |url=https://www.livemint.com/Companies/OYxMFsw4Q7GdGKvVOrHb1N/Toyota-to-stop-Japan-production-for-one-week-due-to-steel-sh.html |access-date=2022-11-16 |website=mint |language=en}}</ref><ref>{{Cite web |last=Schmitt |first=Bertel |title=Exploding Steel Mill Disrupts Toyota |url=https://www.forbes.com/sites/bertelschmitt/2016/01/30/exploding-steel-mill-disrupts-toyota/ |access-date=2022-11-16 |website=Forbes |language=en}}</ref>


==References==
==References==
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==External links==
==External links==
*{{jp icon}}[http://www.aichi-steel.co.jp/ Company website]
*[http://www.aichi-steel.co.jp/ Company website] {{in lang|ja}}
*{{en icon}}[http://www.aichi-steel.co.jp/ENGLISH/ Company website]
*[http://www.aichi-steel.co.jp/ENGLISH/ Company website]
*{{cite web|url=http://www.nccjapan.net/shashiwiki/index.php?title=Aichi_Seiko|title=Company history books (Shashi)|publisher=Shashi Interest Group|access-date=26 April 2017}} Wiki collection of company history books on Aichi Steel.

{{Portal bar|Japan|Engineering|Companies}}
{{Authority control}}


⚫
[[Category:Toyota]]
[[Category:Steel companies of Japan]]
[[Category:Steel companies of Japan]]
[[Category:Titanium companies of Japan]]
[[Category:Companies based in Aichi Prefecture]]
[[Category:Companies based in Aichi Prefecture]]
[[Category:Companies listed on the Tokyo Stock Exchange]]
[[Category:
[[Category:Companies listed on the Nagoya Stock Exchange]]
[[Category:Manufacturing companies established in 1940]]
⚫
[[Category:Toyota Group]]
[[Category:Japanese brands]]
[[Category:Japanese companies established in 1940]]




{{industry-company-stub}}
{{industry-company-stub}}
{{japan-company-stub}}
{{japan-company-stub}}

[[de:Aichi Steel]]
[[ja:愛知製鋼]]

Latest revision as of 04:04, 10 June 2024

Aichi Steel Corporation
Native name
愛知製鋼株式会社
Company typePublic (K.K)
TYO: 5482
NAG: 5482
ISINJP3160700005
IndustrySteel
FoundedMarch 8, 1940; 84 years ago (1940-03-08)
Headquarters
Tōkai city, Aichi Prefecture 110-8408
,
Japan
Area served
Worldwide
Key people
Takahiro Fujioka
(President)
Products
  • Steel
  • Forged steel products
  • Titanium products
  • Electro-magnetic products
[1]
RevenueIncrease JPY 236 billion (FY 2017) (US$ 2.1 billion) (FY 2017)
Decrease JPY 8.1 billion (FY 2017) (US$ 74 million) (FY 2017)
Number of employees
4,773 (consolidated, as of March 31, 2017)
WebsiteOfficial website
Footnotes / references
[2][3]

Aichi Steel (愛知製鋼, Aichi Seikō); is a Japanese steel manufacturer. It is a member of the Toyota Group.

History

[edit]

Aichi Steel was one of the earliest subsidiaries of the Toyota Group. Kiichiro Toyoda, the founder of Toyota, struggled to manufacture automobiles as the steel producers were uninterested to supply his small workshop with the steel sheets for automobiles.[4] To address the problem, Toyoda bought his own furnace that provided his company with the casting expertise and forming equipment that would shape a car.[4] This iron workshop became the precursor to Aichi Steel.

The company was established in 1934 as Aichi Seiko, the steel manufacturing department of Toyoda Automatic Loom Works, the predecessor to Toyota Industries.[5] The company derived its name from Aichi Prefecture, where Toyota's headquarters and major production facilities are located.[6][7] It became an independent company in 1940 and changed its name to its present one in 1945.[8]

Today, Aichi Steel supplies 40% of the steel, springs and forged products for automotive use to members of the Toyota Group.[8] This volume underscored Toyota's reliance on the partnership given the sophisticated nature of Aichi's manufacturing services, which few suppliers can replicate.[9] In January 2016, a furnace explosion in one of Aichi's steel mills suspended production at Toyota's entire assembly plants for one week[10] and threatened further disruptions to the company's operations for almost two months.[11][12]

References

[edit]
  1. ^ "Aichi Steel Corporation (Public, TYO:5482)". Google, Inc. Retrieved December 24, 2010.
  2. ^ "Corporate Profile". Aichi Steel. Retrieved May 25, 2018.
  3. ^ "Company Profile". Nikkei Asian Review. Nikkei Inc. Retrieved May 25, 2018.
  4. ^ a b Hibino, Shozo; Noguchi, Koichiro; Plenert, Gerhard (2017). Toyota's Global Marketing Strategy: Innovation through Breakthrough Thinking and Kaizen. Taylor & Francis. ISBN 978-1-351-67154-5.
  5. ^ Karan, Pradyumna P. (January 13, 2015). Japan in the Bluegrass. University Press of Kentucky. p. 26. ISBN 978-0-8131-5933-1.
  6. ^ Smith, Michael P. (2004). Pacific Rim Cities in the World Economy. New Brunswick, NJ: Transaction Publishers. p. 211. ISBN 0-88738-735-7.
  7. ^ Karan, Pradyumna P. (2021). Japan in the Bluegrass. University Press of Kentucky. ISBN 978-0-8131-8775-4.
  8. ^ a b Stuart D. B. Picken (2009). The A to Z of Japanese Business. Rowman & Littlefield. p. 8. ISBN 978-0-8108-6872-4.
  9. ^ Barnes, David (2018). Operations Management: An International Perspective. London: Bloomsbury Publishing. pp. 302–301. ISBN 978-1-137-52578-9.
  10. ^ "Toyota to halt Japan output next week after steel plant explosion". The Japan Times. February 1, 2016. Retrieved November 16, 2022.
  11. ^ Tajitsu, Naomi (February 1, 2016). "Toyota to stop Japan production for one week due to steel shortage". mint. Retrieved November 16, 2022.
  12. ^ Schmitt, Bertel. "Exploding Steel Mill Disrupts Toyota". Forbes. Retrieved November 16, 2022.
[edit]


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