YOROZU

YOROZU CORPORATION
The total design & manufacture maker of a suspension

Company History

Apr 1948 Yorozu Automobile Works is established in Tsurumi-ku, Yokohama, with a capital of 195,000 yen, as a company primarily engaged in maintenance and repair of automobiles.
Apr 1949 Business with Nissan Heavy Industries Corp. (currently Nissan Motor Co., Ltd.) starts from the production and delivery of exhaust tubes for Nissan 180 Truck.
Apr 1950 Main business changes from maintenance and repair of automobiles to manufacture of auto parts.
Apr 1951 Business with Minsei Diesel Industries, Ltd. (currently UD Trucks Corporation) and Shin Nikkoku Kogyo Co., Ltd. (currently Nissan Shatai Co., Ltd.) begins.
Apr 1953 Business with Nihon Radiator Co., Ltd. (currently Calsonic Kansei Corporation) begins.
Dec 1959 Plant (current Headquarters) is built in Kohoku-ku, Yokohama, and operation begins.
Jun 1960 Yorozu Headquarters is relocated to Kohoku-ku, Yokohama (present location).
Jun 1968 Oyama Plant is built in Oyama, Tochigi Prefecture, and operation begins.
Jun 1969 Nissan Motor Co. Ltd. makes an equity participation in Yorozu. (25% holding)
Jun 1970 Shonai Press Industry (currently Shonai Yorozu Corporation) is established, and Yorozu Corporation makes an equity participation. (Currently a consolidated subsidiary)
Feb 1974 Business with Kubota Tekko K.K. (currently Kubota Corporation) begins.
Dec 1976 Yorozu Service Corporation is established. (Currently a consolidated subsidiary)
Jan 1977 Nakatsu Plant is built in Nakatsu, Oita Prefecture (current Yorozu Oita Corporation), and operation begins.
Oct 1981 Business with Toyo Kogyo Co., Ltd. (current Mazda Motor Corporation) begins.
Oct 1984 Business with Fuji Heavy Industries Ltd. begins.
Sep 1986 Calsonic Yorozu Corporation (CYC; currently Yorozu Automotive Tennessee, Inc. (YAT)) is established in Tennessee, U.S.A. as a joint venture with Nihon Radiator Co., Ltd. (currently Calsonic Kansei Corporation) and its subsidiary, Calsonic International, Inc. (Currently a consolidated subsidiary)
Dec 1986 Business with Isuzu Motors Limited begins.
Feb 1988 Hiroshima Office opens in Naka-ku, Hiroshima.
Jul 1988 Fukushima Yorozu (a wholly owned subsidiary) is established in Kagamiishi-machi, Fukushima Prefecture.
Sep 1989 Company enters into a technical tie-up with Tallent Engineering Ltd. (currently ThyssenKrupp Automotive Tallent Chassis Ltd.) of UK.
Jun 1990 Yorozu Automotive Works is renamed Yorozu Corporation.
Nov 1991 Over-the-counter shares are registered with the Japan Securities Dealers Association (currently JSDA).
Oct 1992 A wholly owned subsidiary, Yorozu Engineering Corporation is established in Mikawa-machi, Yamagata Prefecture. (Currently a consolidated subsidiary)
Feb 1993 Yorozu Mexicana S.A. de C.V. (YMEX) is established as a joint venture with Nissan Mexicana S.A. de C.V. and the Nissho Iwai Group in Aguascalientes, Mexico. (Currently a consolidated subsidiary)
Mar 1994 Company shares are listed on the Second Section of the Tokyo Stock Exchange.
Jul 1994 Yorozu acquires a majority of CYC (currently YAT) shares from Calsonic Corporation (currently Calsonic Kansei Corporation), making it a subsidiary.
Sep 1995 Company shares are listed on the First Section of the Tokyo Stock Exchange.
Jun 1996 Yorozu (Thailand) Co., Ltd. (YTC), a wholly owned subsidiary, is established in Bangkok, Thailand. (Currently a consolidated subsidiary)
Jul 1997 Yorozu America Corporation (YA), a wholly owned subsidiary, is established in Michigan, U.S.A. (Currently a consolidated subsidiary)
Sep 2000 Yorozu Automotive North America, Inc. (YANA), a wholly owned subsidiary, is established in Michigan, U.S.A. (Currently a consolidated subsidiary)
Yorozu enters into a comprehensive strategic tie-up with Tower Automotive, Inc. of U.S.A.
Tower Automotive International Yorozu Holdings, Inc. (a wholly owned subsidiary of Tower Automotive, Inc.) becomes the largest shareholder, as Yorozu shares are transferred from Nissan Motor.
Feb 2001 Fukushima Yorozu is dissolved, and liquidation process completes in May.
Sep 2001 Yorozu Automotive Mississippi, Inc. (YAM), a wholly owned subsidiary, is established in Mississippi, U.S.A.
Dec 2001 Yorozu America Corporation acquires all issued shares of YANA and YAM, making both companies subsidiaries.
Nov 2002 Yorozu Engineering Systems (Thailand) Co., Ltd. (YEST), a wholly owned subsidiary, is established in Rayong, Thailand. (Currently a consolidated subsidiary)
Sep 2003 Yorozu Oita Corporation, a wholly owned subsidiary, is established in Nakatsu, Oita Prefecture as a production base. (Currently a consolidated subsidiary)
Nov 2003 Yorozu Bao Mit Automotive Co., Ltd. (G-YBM) is established in Guangdong, China, a joint venture with Shanghai Baosteel International Economic & Trading Co., Ltd. and Mitsui & Co., Ltd. (Currently a consolidated subsidiary)
Mar 2004 All Yorozu shares held by Tower Automotive International Yorozu Holdings, Inc. are acquired as equity shares, terminating the capital ties with Tower Automotive.
Yorozu Tochigi Corporation, a wholly owned subsidiary, is established in Oyama, Tochigi Prefecture as a production base. (Currently a consolidated subsidiary)
Jan 2005 YA acquires all YAT shares held by Yorozu Corporation, and YAT becomes a subsidiary of YA.
Aug 2005 Yorozu Aichi Corporation, a wholly owned subsidiary, is established in Nagoya, Aichi Prefecture. (Currently a consolidated subsidiary)
Sep 2007 10% of Yorozu Thailand shares are transferred to Y-Tech Corporation.
Dec 2009 Yorozu Automotive Mississippi, Inc. is dissolved and liquidated.
Jul 2010 Wuhan Yorozu Bao Mit Automotive Co., Ltd. (W-YBM) is established in Hubei, China, as a joint venture with Baosteel Metal Co., Ltd. and Mitsui & Co., Ltd. (Currently a consolidated subsidiary)
Feb 2011 Yorozu JBM Automotive Tamil Nadu Pvt. Ltd. (YJAT) is established in Tamil Nadu, India, as a joint venture with JBM Auto System Pvt. Ltd. (Currently a consolidated subsidiary)
Feb 2012 PT. Yorozu Automotive Indonesia (YAI) is established in Mitra Karawang Industrial Estate, as a wholly owned subsidiary. (Currently a consolidated subsidiary)
Yorozu Automotive Guanajuato de Mexico, S.A. de C.V. (YAGM) is established in Guanajuato, Mexico, as a wholly owned subsidiary. (Currently a consolidated subsidiary)
Apr 2012 Y-Ogura Automotive (Thailand) Co., Ltd. (Y-OAT) is established in Rayong Industrial Estate, as a wholly owned subsidiary of YTC. (Currently a consolidated subsidiary)
Sep 2012 Yorozu Automotiva do Brasil Ltda. (YAB) is established in Rio de Janeiro as a wholly owned subsidiary. (Currently a consolidated subsidiary)