Aichi Steel: Difference between revisions

Aichi Steel Corporation
	Headquarters of Aichi Steel
Native name	愛知製鋼株式会社
Company type	Public (K.K)
Traded as	TYO: 5482; NAG: 5482
ISIN	JP3160700005
Industry	Steel
Founded	March 8, 1940; 84 years ago
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;
Revenue	JPY 236 billion (FY 2017) (US$ 2.1 billion) (FY 2017)
Net income	JPY 8.1 billion (FY 2017) (US$ 74 million) (FY 2017)
Number of employees	4,773 (consolidated, as of March 31, 2017)
Website	Official website
	Footnotes / references;

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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.^[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

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

External links

Company website (in Japanese)
Company website
"Company history books (Shashi)". Shashi Interest Group. Retrieved April 26, 2017. Wiki collection of company history books on Aichi Steel.

This article about an industrial corporation or company is a stub. You can help Wikipedia by expanding it.

This article about a Japanese corporation- or company-related topic is a stub. You can help Wikipedia by expanding it.

[1] "Aichi Steel Corporation (Public, TYO:5482)". Google, Inc. Retrieved December 24, 2010.

[2] "Corporate Profile". Aichi Steel. Retrieved May 25, 2018.

[Nikkei-3] "Company Profile". Nikkei Asian Review. Nikkei Inc. Retrieved May 25, 2018.

[:0-4] 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.

[Picken-8] 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.

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@@ Line 1: / Line 1: @@
+{{Short description|Japanese steel manufacturer}}
 {{Use mdy dates|date=May 2018}}
 {{Infobox company
@@ Line 6: / Line 7: @@
 |logo             = Aichi Steel company logo.svg
 |logo_size        = 250px
+|image            = Aichi Steel Corporation.JPG
+|image_size       = 250px
+|image_caption    = Headquarters of Aichi Steel
 |type             = [[Public Company|Public]] ([[Kabushiki gaisha|K.K]])
 |traded_as        = {{TYO|5482}}<br>{{NAG|5482}}
-|ISIN             = JP3160700005
+|ISIN             = {{ISIN|sl=n|pl=y|JP3160700005}}
 |foundation       = {{Start date and age|1940|3|8}}
 |hq_location_city = [[Tōkai, Aichi|Tōkai city, Aichi Prefecture]] 110-8408
@@ Line 14: / Line 18: @@
 |key_people       = Takahiro Fujioka<br><small>([[President (corporate title)|President]])</small>
 |industry         = [[Steel]]
-|products         = {{unbulleted list|Steel|Forged steel products|Titanium products|Electro-magnetic products}}<ref>{{cite web |url=https://www.google.com/finance?q=TYO:5482 |title=Aichi Steel Corporation (Public, TYO:5482) |publisher=Google, Inc. |accessdate=December 24, 2010}}</ref>
+|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>
 |revenue          = {{increase}} [[Japanese yen|JPY]] 236 billion ([[Fiscal year|FY]] 2017)
                       ([[US dollar|US$]] 2.1 billion) (FY 2017)
@@ Line 22: / Line 26: @@
 |area_served      = Worldwide
 |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 |accessdate=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.]] |accessdate=May 25, 2018}}</ref>}}
+|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>}}
-{{nihongo|'''Aichi Steel'''|愛知製鋼|Aichi Seikō}};  is a [[Japan]]ese [[steel]] manufacturer. It is a member of the [[Toyota Group]]. It 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>
+{{nihongo|'''Aichi Steel'''|愛知製鋼|Aichi Seikō}};  is a Japanese [[steel]] manufacturer. It is a member of the [[Toyota Group]].
+==History==
-The company was established in 1934 as Aichi Seiko, the steel manufacturing department of Toyoda Automatic Loom Works, the predecessor of [[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> It became an independent company in 1940 and changed its name to its present one in 1945.<ref name="Picken"/>
+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==
@@ Line 32: / Line 41: @@
 ==External links==
-{{Portal bar|Japan|Engineering|Companies}}
 *[http://www.aichi-steel.co.jp/ Company website] {{in lang|ja}}
 *[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|accessdate=26 April 2017}} Wiki collection of company history books on Aichi Steel.
+*{{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}}
@@ Line 46: / Line 54: @@
 [[Category:Companies listed on the Nagoya Stock Exchange]]
 [[Category:Manufacturing companies established in 1940]]
-[[Category:1940 establishments in Japan]]
 [[Category:Toyota Group]]
 [[Category:Japanese brands]]
+[[Category:Japanese companies established in 1940]]
 {{industry-company-stub}}

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