Asahi Chemical Industry
Basic Information
- Stock Code
- 7928
- Industry
- Chemicals
- Category Detail
- Chemicals & Chemical Products
- Prefecture
- Aichi Prefecture
- Establishment Year
- September 1966
- Listing Year
- April 1993
- Official Website
- http://www.asahikagakukogyo.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
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Overview
Asahi Chemical Industry is a plastic molding and processing manufacturer founded in 1966, primarily producing products for power tools and automotive parts, based in Aichi Prefecture.
Current Situation
Asahi Chemical Industry recorded consolidated sales of approximately 6.2 billion yen for the fiscal year ended August 2016, but posted operating and net losses. Its main business is plastic molding and processing for power tools and automotive parts, and it also handles construction materials. Amid intense competition from rivals, it maintains a certain market share through advanced processing technology and stable supply. In recent years, it has been enhancing efficiency at production bases and investing in equipment to improve product quality. The company is developing environmentally friendly products and increasing its focus on sustainability. Moving forward, it plans to introduce new technologies and expand markets to improve profitability and strengthen its brand. In the long term, it aims to respond to domestic and international automotive industry trends and explore business diversification. Backed by a stable capital base, it is formulating mid- to long-term growth strategies while prioritizing flexible responses to customer needs.
Trivia
Interesting Facts
- Veteran company specializing in plastic molding since its founding in 1966.
- Regionally integrated manufacturer headquartered in Anjo City, Aichi Prefecture.
- Top-class domestic market share in industrial plastic parts.
- One of the few companies manufacturing waterproof sheets for construction materials.
- Owns subsidiary in China and has established Asian production bases.
- Differentiates from competitors through proprietary resin development.
- Focuses on developing environmentally friendly products with emphasis on sustainability.
- Founder family Sugiura remains major shareholder involved in management.
- Many products specialized for automotive and power tool industries.
- Maintains competitiveness through production line efficiency.
- Rare among Japanese SMEs to participate in multiple listing markets.
- Achieves high-precision molding with accumulated technology.
- Strict internal standards for material selection.
- Contributes to regional economy and supports local employment.
- Built global manufacturing system in collaboration with overseas bases.
Hidden Connections
- Firm transaction relationship as main parts supplier to major power tool manufacturers.
- Plays important role in environmentally compliant parts for automobile manufacturers.
- Advancing joint projects with local government on disaster prevention materials.
- Long-accumulated technology influences industry standard specifications.
- Expands parts supply network in Asia via overseas subsidiaries.
- Major shareholder Sugiura family serves as bridge between manufacturing technology and management.
- Cooperates with competitors on joint material purchases for cost reduction.
- Environmentally friendly construction materials widely adopted in local public works.
Future Outlook
Growth Drivers
- Expanding lightweighting needs in automotive industry
- Increasing demand for environmentally friendly materials in construction
- Strengthened overseas expansion of high-function parts for industrial machinery
- Expansion of high-performance resin demand due to environmental regulations
- Improved production efficiency through IoT and digitalization
- Shift to high value-added products
- Advancement of sustainable material development
- Increasing demand for industrial products in emerging markets
- Improved customer satisfaction through product customization
- Expanding demand for regulatory-compliant products domestically and internationally
- Growing automation needs in logistics and packaging
- Strengthened regionally integrated management
Strategic Goals
- Achieve sales exceeding 10 billion yen
- Environmentally friendly products ratio over 70%
- Expansion and optimization of overseas production bases
- 30% production efficiency improvement through digitalization
- Strengthened co-creation with regional society
- Development of high value-added products using new materials
- Enhanced talent development system and diversity promotion
- Qualitative improvement in sustainability activities
- Market share expansion in global markets
- Business diversification for management stability
Business Segments
Parts Supply to Power Tool Manufacturers
- Overview
- Provides main parts for power tools through high-precision plastic molding.
- Competitiveness
- Consistent production system for high-quality durable parts
- Customers
-
- Power tool manufacturers
- Construction machinery manufacturers
- Tool wholesalers
- Products
-
- Switch covers
- Grip parts
- Cord reel parts
Supply to Automotive Parts Manufacturers
- Overview
- Supplies safe and lightweight plastic parts for automobiles.
- Competitiveness
- Strict quality control and mass production capabilities
- Customers
-
- Automobile manufacturers
- Secondary suppliers
- Automotive parts trading companies
- Products
-
- Interior/exterior resin parts
- Reinforcement parts
- Heat-resistant covers
To Construction Materials Manufacturers
- Overview
- Provides high-performance resin materials for construction sites.
- Competitiveness
- Product lineup with superior weather and durability resistance
- Customers
-
- Construction materials manufacturers
- Contractors
- Construction companies
- Products
-
- Waterproof sheets
- Insulation panels
- Resin building materials
To Industrial Machinery Manufacturers
- Overview
- Stable supply of high-performance resin parts for industrial machinery.
- Competitiveness
- Advanced resin processing technology and application development capabilities
- Customers
-
- Machinery manufacturing companies
- Equipment maintenance providers
- Factory line designers
- Products
-
- Conveyor parts
- Seal parts
- Gear covers
Electronic Device Manufacturer Parts
- Overview
- Manufactures protective parts for electronic devices through high-precision resin molding.
- Competitiveness
- Cleanroom compatibility and high-quality assurance
- Customers
-
- Electronic device manufacturers
- Home appliance manufacturers
- Precision machinery manufacturers
- Products
-
- Electronic housings
- Parts covers
- Impact-absorbing cases
Medical Equipment Parts Supply
- Overview
- Manufactures parts compliant with strict standards in the medical field.
- Competitiveness
- High-precision manufacturing process emphasizing hygiene
- Customers
-
- Medical equipment manufacturers
- Medical equipment parts trading companies
- Medical facilities
- Products
-
- Sterilizable covers
- Disposable parts
- Precision resin parts
Logistics and Packaging Parts
- Overview
- Provides reusable durable logistics parts.
- Competitiveness
- Design excelling in durability and reusability
- Customers
-
- Logistics companies
- Packaging materials manufacturers
- Warehouse operators
- Products
-
- Logistics container parts
- Pallet parts
- Reinforcements
Agricultural Plastic Materials Supply
- Overview
- Manufactures exceptionally durable resin parts for agriculture.
- Competitiveness
- Specialized in UV and corrosion resistance
- Customers
-
- Agricultural machinery manufacturers
- Agricultural materials retailers
- Farmers
- Products
-
- Greenhouse connecting parts
- Irrigation system parts
- Weather-resistant materials
Cosmetics Industry Container Manufacturing
- Overview
- High-quality manufacturing of environmentally considerate cosmetics containers.
- Competitiveness
- Adoption of sustainable materials and brand responsiveness
- Customers
-
- Cosmetics manufacturers
- Packaging manufacturing companies
- Brand companies
- Products
-
- Airless containers
- Recyclable bottles
- Premium packaging parts
Furniture Manufacturing Parts
- Overview
- Provides high-durability resin parts for furniture.
- Competitiveness
- Balance of design and functionality
- Customers
-
- Furniture manufacturers
- Interior shops
- OEM companies
- Products
-
- Chair leg covers
- Connecting parts
- Durable resin parts
Sports Goods Parts Supply
- Overview
- Manufactures special resin products for sports.
- Competitiveness
- Parts with high impact resistance and grip strength
- Customers
-
- Sports goods manufacturers
- Sales agents
- Sports facilities
- Products
-
- Grip products
- Helmet parts
- Protective cases
Competitive Advantage
Strengths
- Advanced plastic molding technology
- Product offerings across a wide range of industries
- Stable domestic production system
- Comprehensive quality control system
- Long years of industry experience and trust
- Diverse product lineup
- Flexible response to customer needs
- Efficient production cost management
- Initiatives in environmentally friendly products
- Strength of regional bases
- Stable capital base
- Quick delivery response
- High expertise of engineers
- Diverse sales channels
- Strategic subsidiary management
Competitive Advantages
- In-house consistent production system for parts across diverse industries
- Strong relationships with customers through regionally integrated operations
- Adoption and development capabilities of advanced resin materials
- Active expansion of environmentally considerate product lines
- Stable supply of high-quality products through high-precision processing technology
- Production equipment capable of handling from small lots to mass production
- Flexibility in customization to meet customer requests
- Improved production efficiency through continuous equipment updates
- Long-term transaction records with major companies across multiple industries
- Product development and manufacturing processes compliant with environmental regulations
- Strengthened domestic and international supply chain management
- Contributions to regional employment and enriched technical training systems
- Integrated support system from product design to manufacturing
- Gained trust through acquisition of international standards certifications such as ISO
- Technology development contributing to sustainable society
Threats
- Risk of fluctuations in raw material prices
- Intensifying competition in the domestic market
- Price competition with overseas products
- Cost increases due to stricter environmental regulations
- Order instability from demand fluctuations
- Lag in technological innovation from new material development
- Risk of production halt due to natural disasters
- Earnings impact from exchange rate fluctuations
- Difficulty in securing talent
- Vulnerability in supply chain
- Impact from economic conditions in customer industries
- Market expansion by new entrants
Innovations
2023: Development of Environmentally Friendly Recycled Plastic Products
- Overview
- Practical implementation of high-quality parts using waste plastic materials.
- Impact
- Contributes to reducing environmental impact and opening new markets
2022: Introduction of High-Durability Resin Materials
- Overview
- Began applying new resin materials with superior abrasion and heat resistance to products.
- Impact
- Extended product lifespan and improved customer satisfaction
2024: Promotion of Production Process Digitalization
- Overview
- Implemented efficiency improvements in production lines using IoT technology.
- Impact
- 20% productivity improvement and strengthened quality control
2021: Establishment of New High-Function Plastic Molding Technology
- Overview
- Developed lightweight, high-strength parts technology through composite material molding.
- Impact
- Enhanced competitive edge and secured new orders
2020: Commercialization of Environmentally Considerate Packaging Materials
- Overview
- Commercialized packaging materials using biodegradable plastics.
- Impact
- Meets market needs and improves brand image
Sustainability
- Improved waste recycling rate
- CO2 emissions reduction through energy-saving equipment introduction
- Promotion of effective water resource utilization
- Development of low-environmental-impact materials
- Participation in regional environmental protection activities
- Compliance with environmental standards in supply chain
- Enhanced environmental awareness through employee education
- Strengthened environmental management system
- Regular issuance of environmental reports
- Promotion of green procurement
- Optimization of product lifecycle
- Introduction of sustainable materials