GMB

Basic Information

Stock Code
7214
Industry
Transportation Equipment
Category Detail
Auto Parts
Prefecture
Nara Prefecture
Establishment Year
May 1962
Listing Year
December 2004
Official Website
https://www.gmb.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
J-MAX, Chuo Koken, NTN, Kanemitsu, Tanaka Seimitsu Kogyo, Musashi Seimitsu Industry, Yutaka Giken, Univance, Aisin, Exedy, F.C.C., Fuji Copian

Overview

GMB is an independent automotive parts manufacturer established in 1962, renowned in the industry for manufacturing and selling drive system parts primarily for new vehicles and replacement parts.

Current Situation

GMB recorded consolidated sales of 61.2 billion yen for the fiscal year ended March 2020 but posted an ordinary loss, with improving profitability as a key management challenge. Centering on the manufacture and sale of core drive system automotive parts, it has multiple subsidiaries at home and abroad and is pursuing global expansion. In recent years, it has entered new technology fields, such as establishing an EV parts company in India. It is also advancing sustainability initiatives, promoting measures to reduce environmental impact in manufacturing processes. Moving forward, enhancing added value in core parts and开拓 new markets are strategic priorities, with strengthened R&D investments to boost global competitiveness. In the post-COVID recovery phase, it aims to grow as an EV-related business-centered company.

Trivia

Interesting Facts

  • Has grown as an independent automotive parts manufacturer since its establishment in 1962.
  • Holds numerous subsidiaries overseas and conducts global business.
  • Established EV-related subsidiaries in India and Russia to address new markets.
  • Boasts high technological strength as a specialist in drive system parts.
  • History dates back to metal processing business in 1943.
  • Focuses on supplying replacement parts, maintaining a stable sales base.
  • Frequently featured in Nikkei 225-linked news on new businesses, attracting attention.
  • Major shareholders dominated by the Matsuoka family, strong founder influence.
  • Collaborates on product development and production efficiency among subsidiaries.
  • Deep ties with local manufacturing, such as making Higashiosaka Koken a subsidiary.
  • Korea GMB Industry exists as a listed subsidiary on the securities market.
  • Broad history in bearing manufacturing, earning trust.
  • Achieves differentiation while competing with numerous prominent parts makers.
  • Provides locally spec parts for multinational markets.
  • Supplies custom products to some customers due to high technological prowess.

Hidden Connections

  • Has business bases in Korea, Thailand, Russia, closely tied to Asian and European markets.
  • Listed subsidiary GMB KOREA on the stock exchange to leverage capital markets.
  • Long-term transactions lead to technical exchanges with major parts makers like Aisin and Exedy.
  • Deeply connected to iron/steel and metal products industry, collaborating on bearing production.
  • Focusing on new inverter cooling technology field amid EV proliferation.
  • President Matsunami is a long-term director, supporting management stability.
  • Personnel changes in Nikkei news seen as signals of management strategy shifts.
  • Some products provided to rebuilt market, contributing to secondary use.

Future Outlook

Growth Drivers

  • Rapid growth in electric vehicle market driving demand for new technologies
  • Stable expansion of automotive replacement markets domestically and internationally
  • Increased demand for high-performance parts due to strengthened environmental regulations
  • Global market expansion utilizing overseas subsidiaries
  • Promotion of investments in new materials and lightweighting technologies
  • Productivity improvements through advanced automation at domestic manufacturing bases
  • Creation of differentiated products through strengthened R&D
  • Expansion of digital sales channels for replacement parts
  • Custom product development reflecting customer needs
  • Stabilization and optimization of supply chain

Strategic Goals

  • Raise EV-related parts sales to over 30% of total
  • Achieve over 50% overseas sales ratio
  • Realize carbon neutrality in manufacturing processes
  • Annual investments over 5 billion yen in new materials and technology development
  • Establish top domestic share in replacement parts market
  • Diversify revenue base through global expansion
  • Improve customer services via digital technology utilization
  • Position ESG response at the core of business operations
  • Major refresh and expansion of product lineup
  • Strengthen competitiveness through diverse talent recruitment and development

Business Segments

Drive System Parts Supply to Automakers

Overview
Stably supplies high-quality drive system parts for new vehicles, supporting automakers' production.
Competitiveness
Responsive capabilities through precision machining technology and global supply network
Customers
  • Major Domestic Automakers
  • Overseas Automakers
  • EV Manufacturers
  • Automotive OEMs
Products
  • Drive Shaft
  • Universal Joint
  • Power Steering Parts
  • Differential Gear

Automotive Replacement Parts Sales

Overview
Holds market share in replacement parts and quickly supplies diverse customers.
Competitiveness
Wide product lineup and reliability
Customers
  • Auto Repair Shops
  • Parts Retailers
  • Dealers
  • Repair Shops
Products
  • Replacement Drive Shafts
  • Replacement Bearings
  • Replacement Power Steering Parts

Parts Supply to Overseas Subsidiaries

Overview
Provides parts and technology to subsidiaries' manufacturing bases for global production.
Competitiveness
Flexible response to local market needs
Customers
  • Korea GMB Industry
  • GMB KOREA Corp.
  • THAI GMB INDUSTRY
  • GMB RUS TOGLIATTI LLC
Products
  • Drive System Parts
  • EV-Related Parts
  • Bearings

New Technology Development for EV Market

Overview
Develops advanced parts for electric vehicles to promote environmental response.
Competitiveness
R&D capabilities and close customer collaboration in technology deployment
Customers
  • Electric Vehicle Manufacturers
  • Parts Suppliers
  • Charging Equipment Manufacturers
Products
  • Inverter Cooling Devices
  • Electric Motor Parts
  • Lightweight Drive Shafts

Industrial Machinery Parts Supply

Overview
Manufactures and sells parts for industrial machinery beyond automotive.
Competitiveness
Versatile product range and high quality
Customers
  • Industrial Machinery Manufacturers
  • Construction Equipment Manufacturers
  • Agricultural Machinery Manufacturers
Products
  • Bearings
  • Shaft Bearings
  • Drive Shafts

Automotive Rebuilt Parts

Overview
Provides products to the rebuilt market for used parts with environmental consideration.
Competitiveness
High-quality rebuilt対応 technology
Customers
  • Rebuilt Operators
  • Repair Shops
  • Dealers
Products
  • Rebuilt Drive Shafts
  • Rebuilt Bearings

Competitive Advantage

Strengths

  • Flexible responsiveness unique to independent manufacturers
  • High technological expertise in drive system parts
  • Global expansion through domestic and international production and sales bases
  • Wide product lineup
  • Accumulated know-how over many years
  • Overseas market expansion through subsidiaries
  • High reliability in the replacement parts market
  • Investments in enhancing R&D capabilities
  • Responsiveness to diverse customer needs
  • Superiority in precision machining technology
  • Product development reflecting market needs
  • Stable quality control system
  • Development of environmentally friendly products
  • Strong relationships with Japanese automakers
  • Prompt supply system

Competitive Advantages

  • Possesses high technological strength while competing with major players as an independent
  • Strength in supplying both new vehicle OEM and replacement parts
  • Able to produce adapted to local markets through global subsidiaries
  • Differentiation through early entry into EV parts field
  • One-stop capability for a wide range of drive system parts
  • Stable orders based on solid customer base
  • High brand recognition in replacement market with proprietary brands
  • Continuous improvement and efficiency in manufacturing technology
  • New technology creation by R&D division
  • Improved cost competitiveness at overseas bases
  • High-quality delivery through precision control
  • Enhanced response to environmental regulations
  • Customer loyalty secured through diverse product portfolio
  • Flexible adaptation to changes in domestic and international markets
  • Total cost reduction through integrated part design

Threats

  • Intensifying competition with major automotive parts manufacturers
  • Market shift due to automotive EV transition and technological changes
  • Impact of global semiconductor and material shortages
  • Profit volatility risk from exchange rate fluctuations
  • Supply chain disruption risks
  • Shrinking domestic automotive market trend
  • Rise of local competitors overseas
  • Cost increases from strengthened environmental regulations
  • Uncertainty in global economy
  • Trend toward customer in-house part production

Innovations

2024: Established EV Parts Company in India

Overview
Started electric vehicle parts manufacturing business for the Indian market.
Impact
Contributes to entry into growth market and creation of new revenue sources.

2023: Strengthened Development of Advanced Drive System Parts

Overview
Developed drive parts using new materials that balance lightweighting and high durability.
Impact
Improves product competitiveness and customer satisfaction.

2022: Developed High-Performance Bearing Technology for Motors

Overview
Improved durability and precision of bearings for EV motors.
Impact
Succeeded in differentiation in the EV market.

2021: Introduced Automation in Manufacturing Processes

Overview
Promoted automation of production lines using AI and robots.
Impact
Achieved improved production efficiency and quality stabilization.

2020: Expanded Adoption of Environmentally Friendly Materials

Overview
Started commercialization of parts using recycled materials.
Impact
Contributes to environmental regulation compliance and enhanced corporate image.

Sustainability

  • Implementation of CO2 emission reduction plans in manufacturing processes
  • Set target to achieve over 90% waste recycling rate
  • Active adoption of low-environmental-impact materials
  • Strengthened environmental and social responsibility assessments in supply chain
  • Participation in environmental conservation activities with local communities
  • Promotion of employee environmental awareness education
  • Energy efficiency improvements through energy-saving activities
  • Environmental contributions through expansion of EV parts business
  • Maintenance and enhancement of ISO14001 certification
  • Adoption of green procurement standards
  • Expansion of waste heat recovery systems
  • Installation of solar power facilities at business sites