Kasai Kogyo

Basic Information

Stock Code
7256
Industry
Transportation Equipment
Category Detail
Auto Parts
Prefecture
Kanagawa Prefecture
Establishment Year
January 1933
Listing Year
July 1964
Official Website
https://www.kasai.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Toyota Boshoku, Mitsuchi, Seiren, Nishikawa Rubber Industry, G-tect, Toa Seisakusho, Nippatsu, Faltec, Taiheiyo Kogyo, Univance, Toyoda Gosei, Murakami Kaimeido, T. Estech

Overview

Kasai Kogyo is an automotive interior parts manufacturer founded in 1933, providing high-quality resin processed products to major automakers both in Japan and overseas as a mid-tier industry player.

Current Situation

Kasai Kogyo recorded consolidated sales of approximately 147.4 billion yen for the fiscal year ended March 2022, maintaining a stable customer base centered on Nissan Motor and Honda Motor domestically and internationally. Its core business is manufacturing automotive interior parts, with door trims and cabin trims accounting for the majority of sales. Overseas, it operates local production subsidiaries in the United States, the United Kingdom, China, India, and elsewhere to strengthen its global market responsiveness. In terms of technology, it differentiates itself through proprietary low-pressure press processing technology and utilization of hard-to-mold resins. In 2023, it transitioned to the Tokyo Stock Exchange Standard Market to reinforce its management foundation. It is also advancing development of environmentally considerate products and factory efficiency improvements, aiming for sustainable growth. Moving forward, it plans to respond to changes in domestic and international automotive markets while continuing investments in new materials and manufacturing methods.

Trivia

Interesting Facts

  • Receives high industry evaluation for its proprietary KPM molding technology.
  • 98.6% of 2007 sales came from automotive interior parts business.
  • Operates multiple domestic sites and overseas production subsidiaries in the U.S., UK, China, and India.
  • A long-established company founded in 1933, yet aggressive in adopting the latest technologies.
  • Promotes business diversification and regional dispersion using consolidated subsidiaries.
  • Self-developed and commercialized environmentally considerate recycled materials.
  • Major shareholders include industry leaders such as Nagase & Co.
  • Holds high domestic market share in automotive door trims.
  • Aggressively expanding into overseas markets to strengthen global competitiveness.
  • Products adopted in major models from multiple manufacturers including Nissan and Honda.
  • Early adoption of IoT technology for production efficiency with successful results.
  • Continuously conducting R&D on new materials compliant with environmental regulations.
  • Grown through multiple subsidiary establishments and mergers in the past.
  • Strengthened management by transitioning to TSE Standard.
  • Focuses on technical education to successfully maintain internal technological capabilities.

Hidden Connections

  • Nagase & Co. is a major shareholder, establishing stable relationships in material procurement.
  • Transactions with Nissan and Honda account for the majority of sales, with close partnerships.
  • Supplies parts to Toyota Group companies domestically, collaborating with diverse automakers.
  • Global local subsidiaries are located near auto factories in each country, forming efficient supply networks.
  • Its recycled material technology has become essential for complying with environmental regulations domestically and internationally.
  • The low-pressure press technology employed is proprietary know-how that competitors cannot adopt.
  • Has competitive and collaborative aspects with peers like Faltec and Univance.
  • Achieves risk dispersion and growth by leveraging consolidated subsidiaries for overseas expansion and manufacturing diversification.

Future Outlook

Growth Drivers

  • Expansion of interior parts demand due to diversification of global automotive market
  • Growth expectations for lightweight, high-function parts for EVs and next-gen vehicles
  • Increased demand for recycled material products due to environmental regulations
  • Market expansion strategy leveraging overseas local production sites
  • Strengthened differentiation through customer-close development services
  • Improved competitiveness via advanced molding technology and new material development
  • Cost reduction effects from logistics efficiency and production technology innovations
  • Growing recognition of sustainability-compliant products
  • Optimization of production processes through digitalization
  • Expansion of product provision scope to diverse customer segments
  • Increased demand for related parts due to growing safety equipment needs
  • Growth in automotive recycling markets domestically and internationally

Strategic Goals

  • Achieve business scale expansion to consolidated sales of 200 billion yen
  • Expand overseas sales ratio to over 50%
  • 70% or more sales ratio from low-environmental-impact products
  • Commercialize new materials and molding technologies for next-gen vehicles
  • Realize smart factories and automation at all sites
  • Continuously maintain industry-leading levels in quality and safety
  • Strengthen ESG in the supply chain
  • Fully establish workplaces where diverse talent can thrive
  • Balance acquiring new customers with strengthening existing relationships
  • Expand sustainable corporate citizenship activities in collaboration with local communities

Business Segments

Automotive Interior Parts Manufacturing for Automakers

Overview
Engages in manufacturing and supply of high-quality interior parts to major automakers.
Competitiveness
Proprietary low-pressure press processing technology and extensive overseas site network
Customers
  • Nissan Motor
  • Honda Motor
  • Toyota Motor East Japan
  • Subaru
  • Daihatsu Motor
  • Mitsubishi Motors
  • European Automakers
  • North American Automakers
  • Korean Automakers
Products
  • Door Trim
  • Cabin Trim
  • Rear Parcel
  • Soundproof Insulator
  • Sun Visor
  • Interior Small Parts
  • Composite Material Parts
  • Color Molded Parts
  • Module Integrated Molded Parts
  • High Heat-Resistant Interior Parts
  • Acoustic Control Parts

Overseas Local Production Subsidiaries

Overview
Conducts parts manufacturing tailored to local needs through global deployment.
Competitiveness
Close customer proximity in each market and rapid supply system
Customers
  • Nissan U.S. Subsidiary
  • Honda U.S. Subsidiary
  • Nissan UK Subsidiary
  • Honda UK Subsidiary
  • Chinese Automakers
  • Indian Local Manufacturers
  • Mexican Auto Plants
Products
  • Door Trim
  • Interior Modules
  • Soundproof Parts
  • Injection Molded Parts
  • Recycled Material Parts

Resin Processing Technology Services

Overview
Supports partners' product development through provision of processing technologies and technical assistance.
Competitiveness
High processing expertise and track record with diverse materials
Customers
  • Automotive-Related Companies
  • Parts Manufacturers
  • Plastic Molders
  • Local Factories
  • OEM Partners
  • Material Suppliers
Products
  • Low-Pressure Press Processing Technology
  • Injection Molding Advice
  • Surface Spray Skin Processing
  • Recycled Plastic Technology
  • Composite Material Processing Technology

Logistics and Support Services

Overview
Efficiently supports logistics and parts supply within and outside the group.
Competitiveness
One-stop service via consolidated subsidiaries
Customers
  • Internal Logistics Division
  • Client Automakers
  • External Logistics Providers
Products
  • Parts Storage and Transportation
  • Production Line Support
  • Inventory Management

Environment and Recycling Business

Overview
Provides resource circulation systems to reduce environmental impact.
Competitiveness
Proprietary recycled material technology and know-how
Customers
  • Automaker Recycling Divisions
  • Waste Material Processors
  • Environmental Consultants
Products
  • Recycled PP Materials
  • Environmentally Friendly Processing Technology
  • Recycled Resource Utilization Consulting

New Material Development and Technology Research

Overview
Promotes R&D of new materials and improvements in manufacturing technology.
Competitiveness
Technological innovation based on years of experience
Customers
  • Automotive Parts Design Divisions
  • Material Manufacturers
  • Research Institutions
Products
  • Composite Material Development
  • Eco Material Design
  • Manufacturing Process Optimization

Safety-Related Parts Manufacturing

Overview
Manufactures interior-related parts emphasizing safety performance.
Competitiveness
Thorough quality control and standards compliance
Customers
  • Automotive Safety Equipment Manufacturers
  • Automaker Safety Divisions
Products
  • Sun Visor
  • Interior Safety Parts

Assembly and Module Business

Overview
Provides modularized products integrating multiple parts.
Competitiveness
Balancing production efficiency and quality
Customers
  • Automakers
  • Parts OEM Manufacturers
Products
  • Interior Module Assembly
  • Integrated Molded Parts

Overseas OEM Supply Business

Overview
Expands OEM product supply and support for overseas markets.
Competitiveness
Global procurement and local adaptability
Customers
  • Overseas Automotive OEMs
  • Local Joint Ventures
Products
  • OEM-Specific Parts
  • Local Production Support

Technical Education and Talent Development

Overview
Handles advanced engineer training and maintenance of technical capabilities.
Competitiveness
Practical, on-the-job education know-how
Customers
  • Internal Engineers
  • Affiliate Company Engineers
Products
  • Technical Training Programs
  • Processing Skills Training

Quality Assurance and Inspection Services

Overview
Provides inspection systems to maintain high quality.
Competitiveness
Quality management based on specialized knowledge
Customers
  • Automakers
  • Parts Manufacturing Plants
Products
  • Product Inspection
  • Quality Evaluation
  • Defect Reduction Support

Equipment Maintenance Services

Overview
Services supporting stable operation of manufacturing equipment.
Competitiveness
Extensive equipment management know-how
Customers
  • Manufacturing Line Operators
  • Cooperating Factories
Products
  • Press Equipment Maintenance
  • Molding Machine Maintenance

Competitive Advantage

Strengths

  • Possesses proprietary low-pressure press processing technology
  • Extensive manufacturing site network domestically and internationally
  • Long-term transaction relationships with major automakers
  • Environmentally friendly products utilizing recycled materials
  • High-quality products leveraging diverse molding technologies
  • Stable financial base and capital scale
  • Broad product lineup
  • Advanced production technology and efficient manufacturing processes
  • Global quality management system
  • Strong supply chain management capabilities
  • Abundant technical know-how and experience
  • R&D strength focused on innovative material development
  • Promotion of automation and labor-saving in manufacturing processes
  • Capable of responding to diverse customer needs
  • Business diversification using consolidated subsidiaries

Competitive Advantages

  • High domestic market share for Nissan Motor and Honda Motor
  • Local production subsidiaries worldwide enabling shorter delivery times
  • Cost competitiveness through proprietary KPM molding technology
  • Differentiation via environmentally recycled materials
  • Application of composite material molding technology to products
  • Flexible production system for diverse small-lot production
  • Reliability ensured by rigorous quality control
  • Capable of meeting diverse requirements from global customers
  • Powerful supply chain management capabilities
  • Continuous innovation incorporating new materials and technologies
  • Integrated technical support from development to mass production
  • Product and service system linked with consolidated subsidiaries
  • Cost reduction through local production at numerous overseas sites
  • Stable orders based on trust from many customers
  • Active technology information sharing within the group

Threats

  • Impact from global automotive market fluctuations
  • Intensifying price competition from rivals
  • Rising raw material costs and procurement risks
  • Increased product improvement costs due to stricter environmental regulations
  • Profit pressure from exchange rate fluctuations
  • Declining market share due to rise of emerging country companies
  • Changes in parts demand from automotive electrification and autonomous driving
  • Supply chain instability risks
  • Political trade restrictions and tariff impacts
  • Technology succession issues due to talent shortages
  • Temporary production halts at sites due to natural disasters
  • Risk of falling behind in competition for new materials and technologies

Innovations

2023: Transition to Tokyo Stock Exchange Standard Market

Overview
Achieved strengthening of management foundation and improved transparency through market transition.
Impact
Enhanced trust from investors and smoother fundraising

2022: New Technology Building Completion to Strengthen R&D

Overview
Accelerated resin molding technology and new material research through introduction of new equipment.
Impact
Improved product quality/performance and development efficiency

2021: New Product Development Using Environmental Recycled Materials

Overview
Launched interior trim products utilizing recycled resin.
Impact
Compliance with environmental regulations and enhanced market competitiveness

2020: Advanced Equipment Upgrade at Overseas Production Subsidiaries

Overview
Improved production efficiency and quality through equipment renewal at local production sites.
Impact
Achieved shorter delivery times and cost reductions

2024: Development of Next-Generation Low-Pressure Press Molding Technology

Overview
Developed technology significantly improving molding precision and production speed compared to conventional methods.
Impact
Strengthened competitiveness and improved new product responsiveness

2023: Trial Operation of New Interior Materials Compliant with Environmental Regulations

Overview
Developed and started trial production of new materials compliant with strict environmental regulations.
Impact
Enrichment of future product lineup

2022: Introduction of IoT-Compatible Production Management System

Overview
Digitalized factory production lines to promote efficiency and quality management.
Impact
Reduced production losses and improved quality traceability

2024: Advancing Commercialization of New Material Composite Molding Technology

Overview
Research on practical application of new technology for integral molding of multiple materials.
Impact
Significant enhancement of product competitiveness

2021: Introduction of Automation Equipment in Production Lines

Overview
Promoted labor savings through robot introduction in assembly processes.
Impact
Improved labor productivity and stable supply

2020: Development of New Processing Technology to Reduce Environmental Impact

Overview
Successfully developed energy-saving resin molding technology.
Impact
Reduced environmental costs and product differentiation

Sustainability

  • Continuously promoting increased utilization rate of recycled resin
  • Efforts toward achieving CO2 emission reduction targets in manufacturing processes
  • Advanced wastewater and emissions treatment to reduce environmental impact
  • Expansion of environmentally friendly product lineup
  • Participation in environmental conservation activities in collaboration with local communities
  • Promotion of equipment updates for energy efficiency
  • Implementation of environmental assessments in the supply chain
  • Employee environmental education programs
  • Establishment of sustainable resource procurement policies
  • Maintenance and strengthening of ISO14001 certification
  • Improved recycling rate of manufacturing waste
  • Adoption of low-environmental-impact packaging materials