Chuhatsu Spring

Basic Information

Stock Code
5992
Industry
Metal Products
Category Detail
Iron, Steel & Metal Products
Prefecture
Aichi Prefecture
Establishment Year
December 1948
Listing Year
October 1961
Official Website
https://www.chkk.co.jp/
TSE Information
TSE Information
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Overview

Chuhatsu Spring is a major manufacturer of automotive and industrial springs and control equipment founded in 1948, leveraging the strengths of the Toyota Group for diversified product development as a leading industry player.

Current Situation

Chuhatsu Spring boasts consolidated sales of approximately 83.6 billion yen (2018), with spring manufacturing for Toyota Motor as its core business. In addition to automotive products, it is focusing on expanding into non-automotive fields, supplying diverse industries. It operates multiple domestic factories mainly in Aichi Prefecture and an overseas base in Indonesia, establishing a global production system. It has obtained ISO9001 and ISO14001 certifications for quality management and is promoting environmental load reduction. It is also developing the custom market with its proprietary brand 'CHUHATSU PLUS.' It is active in sports and has deep ties to the local community. Following a market segment change, it is strengthening reliability on the Tokyo Stock Exchange Standard Market. Through new technology development and diversification strategies, it aims for sustainable growth and improved profitability.

Trivia

Interesting Facts

  • Origins trace back to Chuo Spring Seisakusho founded in 1925.
  • One of Japan's major automotive spring manufacturers.
  • Included in Toyota Group stock funds.
  • Proprietary brand CHUHATSU PLUS is popular in the customization market.
  • Global expansion with production base in Indonesia.
  • Multiple factories and a technology center in Aichi Prefecture.
  • Maintains a historic corporate ekiden relay team in sports activities.
  • Early adopter of ISO9001 and ISO14001 certifications.
  • Spring washers designated as JIS standard items.
  • Renowned for high technological capabilities in springs for diverse industries.
  • Focusing on non-automotive products since the 2010s.
  • Supplies products to multiple automakers centered on Toyota.
  • Has received awards for excellent thermal management factories in Japan.
  • Official website richly provides product and technology information.
  • Active in local community events and support activities.

Hidden Connections

  • Toyota Motor is a major shareholder with deep business collaboration.
  • Improves logistics efficiency through related subsidiary Chuhatsu Unyu.
  • Included in Sumitomo Mitsui Asset Management's Toyota Group stock fund.
  • Multiple Aichi Prefecture factories have ISO14001 certification, focusing on environmental measures.
  • Technology center serves as hub for cutting-edge development and quality control.
  • Gains local support through community contributions via sports activities.
  • Customization brand 'CHUHATSU PLUS' collaborates with SPK.
  • Long history of manufacturing aircraft springs with reputation for precision technology.

Future Outlook

Growth Drivers

  • Expansion of spring demand from stabilized automotive supply-demand
  • Strengthened development and new market penetration for non-automotive products
  • Brand expansion from growth in customization market
  • Improved cost competitiveness through overseas production base reinforcement
  • Continuous improvement of quality and eco-friendly technologies
  • Efficiency gains from global supply chain integration
  • Production innovation using IoT and digital technologies
  • Enhanced social credibility through stronger community ties

Strategic Goals

  • Expand non-automotive product sales ratio to 30%
  • Achieve over 50% overseas sales ratio
  • Realize carbon neutrality at all factories
  • Double sales of customization brand 'CHUHATSU PLUS'
  • Reduce quality defect rate by 50% from current levels
  • Accelerate development of advanced materials and eco-friendly springs
  • Establish sustainable production systems
  • Strengthen community and environmental contribution activities

Business Segments

Automotive Springs

Overview
Manufactures and supplies high-quality automotive springs primarily to Toyota Group customers.
Competitiveness
Strong ties with Toyota Group and robust quality management system
Customers
  • Toyota Motor
  • Suzuki
  • Daihatsu Motor
  • Nissan Motor
  • Honda
  • Mazda
  • Automotive parts manufacturers
Products
  • Engine Valve Springs
  • Suspension Coil Springs
  • Suspension Springs
  • Control Cables

Industrial Machinery Springs

Overview
Custom manufactures precision and special material springs for diverse industries.
Competitiveness
Versatile material handling and stringent quality assurance
Customers
  • Machine tool manufacturers
  • Construction machinery manufacturers
  • Electrical equipment manufacturers
  • Aircraft parts manufacturers
  • Precision equipment manufacturers
Products
  • Various Compression Springs
  • Spring Washers
  • Special Material Springs

Customization Products

Overview
Expands proprietary brand products for the automotive customization market.
Competitiveness
Market development through high-performance products
Customers
  • Automotive custom shops
  • Tuning companies
  • Sales agents
Products
  • Lowering Springs
  • Height-Up Springs
  • Suspension Parts

Transportation and Logistics Services

Overview
Efficient logistics operations through related subsidiaries.
Competitiveness
Labor-saving effects from group synergies
Customers
  • Chuhatsu Spring Group companies
  • Toyota Group affiliates
Products
  • Transportation services
  • Logistics management

Competitive Advantage

Strengths

  • Strong business relationships with Toyota Group
  • Manufacturing bases spanning Japan and overseas
  • High-quality product development capabilities
  • Quality assurance through ISO certifications
  • Diverse product portfolio
  • Long history and credibility
  • Expansion of proprietary custom brands

Competitive Advantages

  • Stable order base from Toyota Group
  • Technological capabilities for diverse spring products
  • Production flexibility from multiple domestic and overseas factories
  • Strengths in quality and environment via ISO9001, 14001, etc.
  • Proprietary brand strategy for customization demand
  • Social credibility from region-rooted sports activities
  • Accumulated expertise in materials and design

Threats

  • Impact from fluctuations in automotive market demand
  • Risk of rising raw material prices
  • Intensifying competition from overseas manufacturers
  • Foreign exchange fluctuation risks
  • Increased compliance costs from stricter environmental regulations
  • Potential market share loss from delays in new technology adoption
  • Global semiconductor shortages and parts supply issues

Innovations

2023: Expansion of 'CHUHATSU PLUS' Brand

Overview
Introduces new customization springs and suspension parts to expand market share.
Impact
Contributes to acquiring new customers and increasing sales.

2022: Enhancement of Production Capacity at Indonesian Factory

Overview
Improved production efficiency through equipment upgrades at P.T. Chuhatsu Indonesia factory.
Impact
Increases overseas production ratio and cost competitiveness.

2021: Expansion of Environmentally Friendly Materials Adoption

Overview
Begins using recycled materials and low-environmental-impact spring materials.
Impact
Strengthens compliance with environmental regulations and improves social evaluation.

2020: Advancement of Digital Quality Management

Overview
Introduces real-time monitoring of production lines using IoT sensors.
Impact
Successfully reduces defect rates and improves production efficiency by 15%.

Sustainability

  • Maintaining ISO14001 certification at all factories and reducing environmental impact
  • Continuously improving waste recycling rates
  • Setting and implementing CO2 emission reduction targets
  • Participating in environmental beautification activities in collaboration with local communities
  • Promoting energy efficiency improvement projects