Aisan Industry

Basic Information

Stock Code
7283
Industry
Transportation Equipment
Category Detail
Auto Parts
Prefecture
Aichi Prefecture
Establishment Year
December 1938
Listing Year
November 1980
Official Website
https://www.aisan-ind.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Toyota Boshoku, Hogy Medical, Sumitomo Riko, Aichi Steel, Riken NPR, TPR, Taiho Industries, Nittan, Denyo, Denso, Tokai Rika, Tokyo Radiator Manufacturing, Tirado, Futaba Industries, Mikuni, Aisin, Muro Corporation, Toyoda Gosei, Fujioze X, Ohashi Technica

Overview

Aisan Industry is an automotive parts manufacturer founded in 1938, boasting the world's top share in fuel pump modules and serving as a major Toyota Group company.

Current Situation

Aisan Industry recorded consolidated sales of approximately 181.4 billion yen in fiscal year 2021, holding about 40% of the global market share in fuel pump modules as an industry leader. With a stable customer base centered on Toyota Motor, it successfully expanded its business in 2022 by acquiring Denso's fuel pump operations. It enhances product quality and supply stability through advanced manufacturing technology and diverse domestic and international bases. The company actively contributes to local communities through sports activities and engages in social initiatives such as health management declarations and naming rights contracts. In the medium to long term, it focuses on strengthening components for electric vehicles, environmental technologies, and overseas market expansion. In 2023, it advanced into new fields by acquiring a metal processing-related company. The company promotes innovation, sustainable growth, and competitive superiority.

Trivia

Interesting Facts

  • Holds about 40% share in the global fuel pump module market.
  • Major engine parts supplier to the Toyota Group.
  • Founded in 1938 as a military goods manufacturer and shifted to automotive parts after the war.
  • Has a track and field club that has participated in the New Year Ekiden for 21 consecutive years.
  • Operates a prominent Japanese bicycle road race corporate team.
  • Acquired and expanded Denso's fuel pump business in 2022.
  • Headquartered in Obu City, Aichi Prefecture, one of Japan's leading automotive parts manufacturers.
  • Operates Aisan Gakuen, an in-house training facility, for thorough employee education.
  • Focuses on environmental technologies and develops fuel systems for LPG vehicles.
  • Adopted in Sumitomo Mitsui Asset Management's Toyota Group stock fund.

Hidden Connections

  • Close business collaboration due to strong capital and transaction ties with the Toyota Group.
  • Further strengthened market dominance through integration of Denso's fuel pump business.
  • Deep ties with local communities through sports activities.
  • Advanced into battery case field through technological diversification via M&A.
  • Conducted joint technological development with Toyota for LPG fuel vehicle development.
  • Established global supply system with multiple overseas subsidiaries.
  • Operates three bases in Aichi Prefecture, significantly contributing to the local economy.
  • Major shareholders include financial institutions such as Sumitomo Mitsui Banking and Master Trust Bank.

Future Outlook

Growth Drivers

  • Advancement and expansion of fuel pump technology for electrified vehicles.
  • Increase in overseas sales through global market expansion.
  • Stable order base through strengthened collaboration with Toyota Group.
  • Promotion of development and market adaptation of environmental regulation-compliant products.
  • Expansion into new business areas using M&A strategy.
  • Improved production efficiency and expanded introduction of fully automated manufacturing lines.
  • Enhanced brand value through strengthened ties with local communities.
  • Leading next-generation fuel technology through R&D investment.
  • Strengthened diverse customer response capabilities through overseas bases.
  • Enhanced corporate value through sustainability management promotion.

Strategic Goals

  • Maintain and expand world top share in fuel pump field.
  • Achieve over 50% business ratio for environmentally friendly new technologies and products.
  • Double overseas sales compared to current levels.
  • Achieve 80% automation rate in manufacturing bases for productivity improvement.
  • Establish sustainable growth model through co-creation with local communities.
  • Target 100 billion yen in diversified business sales.
  • Maintain employee satisfaction at 80% or higher and promote diverse talent utilization.
  • Acquire health management certification and align safety and health levels with global standards.
  • Build sustainable supply chains and reduce environmental impact.
  • Expand innovation investment to over 5% of annual sales.

Business Segments

Automotive Parts Manufacturing

Overview
Manufactures high-quality automotive parts mainly for Toyota Group and supplies to major domestic and international automakers.
Competitiveness
World-class fuel pump technology and strong ties with the Toyota Group
Customers
  • Toyota Motor Corporation
  • Denso
  • Toyota Industries
  • Nissan Motor
  • Honda
  • Motorcycle manufacturers
  • Overseas automakers
Products
  • Fuel Pump Modules
  • Throttle Bodies
  • Canisters
  • Engine Valves
  • Electronic Control Fuel Injection Devices
  • LPG Fuel Systems

Metal Parts Processing

Overview
Utilizes precision metal processing technology to manufacture and provide a wide variety of metal parts.
Competitiveness
High-precision processing technology and diverse product lineup
Customers
  • Automakers
  • Parts manufacturers
  • Motorcycle manufacturers
  • Industrial machinery manufacturers
Products
  • Engine Valves
  • Hinges
  • Brackets
  • Metal processed parts

Overseas Operations

Overview
Addresses local needs and supplies products through overseas bases.
Competitiveness
Global supply system and close customer-oriented sales
Customers
  • Overseas automakers
  • Local dealers
  • Local parts suppliers
Products
  • Fuel Pump Modules
  • General automotive parts

Competitive Advantage

Strengths

  • About 40% global share in fuel pump modules
  • Strong relationship with the Toyota Group
  • Diverse domestic and international manufacturing bases
  • High technological capabilities and quality control
  • Advanced metal processing technology
  • Long industry experience and trust
  • Integrated manufacturing system
  • Aggressive business expansion strategy
  • Solid financial foundation
  • Brand enhancement through sports activities
  • Diverse product lineup
  • Active investment in new businesses
  • Promotion of environmental technologies
  • Stable customer base
  • Improved working environment

Competitive Advantages

  • Pricing negotiation power from top share in fuel pump modules
  • Sustainable partnerships with major automakers including Toyota Motor
  • Enhanced technological capabilities through integration of Denso's fuel pump business
  • Stable supply achieved through abundant manufacturing bases
  • Capability to handle diverse products with advanced metal processing technology
  • Continuous technological innovation and product development
  • Strengthened customer contacts through global expansion
  • Product lineup actively addressing environmental regulations
  • Optimization of complex supply chains
  • High trust from local communities through sports social contributions
  • Stable management base due to financial soundness
  • Growth strategy through active M&A in new business areas

Threats

  • Decline in demand for engine parts due to global automotive electrification
  • Risks from tariffs and regulatory tightening due to US-China cold war
  • Cost pressures from rising raw material prices
  • Disruptions in global supply chains
  • Increased product adaptation costs from stricter environmental regulations
  • Accelerated technological innovations by competitors
  • Exchange rate fluctuation risks and overseas market uncertainties
  • Supply issues for related parts such as semiconductors
  • Intensified competition from increasing new entrants
  • Brand risks from declining social evaluation
  • Production impacts from labor shortages
  • Risk of factory shutdowns due to natural disasters

Innovations

2023: Integration of Fuel Pump Business

Overview
Acquired fuel pump module business from Denso, strengthening business scale and technological capabilities.
Impact
Achieved top share of about 40% globally

2023: Business Diversification through Acquisition of Metal Processing Company

Overview
Made Magnex Co., Ltd. a subsidiary and expanded into new fields such as battery cases.
Impact
Contributes to new business sales

2024: New Fully Automated Production Line for Onboard Electrification Parts

Overview
Introduced the latest fully automated production equipment to improve production efficiency and quality.
Impact
15% improvement in production capacity

2025: Enhanced Development of LPG Hybrid Fuel Systems

Overview
Focusing on technological development of LPG fuel systems to comply with environmental regulations.
Impact
Expected improvement in technological evaluation and market expansion

Sustainability

  • Promotion of health management declaration
  • Improvement of manufacturing processes to reduce environmental impact
  • Social contribution activities through collaboration with local communities
  • Expansion of products compliant with environmental regulations
  • Building sustainable supply chains
  • Promotion of energy-saving technology adoption
  • Respect for employee diversity and creation of a comfortable workplace
  • Promotion of recycling to reduce waste
  • Establishment of green procurement standards
  • Active participation in local events