Chuo Jidosha Kogyo

Basic Information

Stock Code
8117
Industry
Wholesale
Category Detail
Building Materials, Electrical Equipment & Metal Wholesalers
Prefecture
Osaka Prefecture
Establishment Year
May 1946
Listing Year
December 1977
Official Website
https://www.central-auto.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
C.M.C., Sanko Techno, Aegis, SPK, Muraki, Weds

Overview

Chuo Jidosha Kogyo is a long-established company based in Osaka Prefecture, founded in 1946, in the automotive parts and accessories wholesale industry, featuring its own developed products and stable dividend payout ratio.

Current Situation

Chuo Jidosha Kogyo achieved solid performance in the fiscal year ended March 2023, with consolidated sales of approximately ¥35.8 billion and operating profit of approximately ¥8.3 billion. It mainly deals in automotive parts, engine oils, and coating agents, establishing a solid position in the industry. It has Ishikawa Toyopet Corolla as an equity-method affiliate and strong corporate ties as a member of the Sanwa Group. In 2019, it acquired ABT as a subsidiary from Mitsubishi Corporation, promoting business diversification. In 2025, marking its 80th anniversary, it aired its first TV commercial to strengthen its brand. Its financial base is stable, targeting a dividend payout ratio of 30% or more. Moving forward, it will focus on expanding the B2C market in addition to B2B, and advancing related services including IT and import/export. Leveraging its stable management base and brand power, it aims for long-term growth.

Trivia

Interesting Facts

  • Long-established manufacturer and wholesaler founded in 1946 with over 70 years of history.
  • Notable company that aired its first TV commercial since founding in 2025.
  • Strong corporate alliances as a member of the Sanwa Group.
  • Holds equity-method affiliate Ishikawa Toyopet Corolla.
  • Wide range of business from automotive accessories to import/export related services.
  • Regional company headquartered in Nakanoshima, Kita-ku, Osaka City.
  • Issued shares: 20.02 million, Capital: ¥1.061 billion.
  • Number of employees in 2023: 301 on a consolidated basis, mid-sized.
  • Maintaining stable dividends targeting payout ratio of 30% or more.
  • Appointed Saiju Makita as CM character starting 2025.

Hidden Connections

  • Strong ties in business flows with many Sanwa Group companies as a member.
  • Strengthened group synergies by making Mitsubishi Corporation-affiliated ABT a subsidiary.
  • Enhanced collaboration with regional sales network through equity-method with Ishikawa Toyopet Corolla.
  • Major shareholders include major financial institutions Mitsubishi UFJ Bank and Northern Trust.
  • Strategic shift aiming to expand consumer brand recognition through first TV CM broadcast.
  • Own-brand products based on the company have diverse sales channels such as specialty stores and dealers.
  • Advancing capture of regulatory compliance needs with safety-related products like alcohol detectors.
  • Improving efficiency of import/export operations through extensive global network.

Future Outlook

Growth Drivers

  • Stable growth in domestic and international automotive markets and increasing demand for car accessories.
  • Differentiation and market expansion through own product development capabilities.
  • Expansion of import/export business and penetration into overseas markets.
  • Improved cost competitiveness through logistics service efficiency.
  • Enhanced brand recognition and consumer touchpoints via TV commercials.

Strategic Goals

  • Continuous maintenance of dividend payout ratio of 30% or more and strengthened shareholder returns.
  • Significant increase in sales ratio of own-brand products.
  • Synergy creation through strengthened collaboration with equity-method affiliates.
  • Revenue expansion and diversification of import/export and logistics services.
  • Realization of sustainable management that ensures reduced environmental impact.

Business Segments

Car Accessories Wholesale

Overview
Wholesales a wide range of automotive-related products while maintaining a stable supply system.
Competitiveness
Robust product development capabilities and nationwide distribution network
Customers
  • Car accessory specialty stores
  • Auto maintenance businesses
  • Dealers
  • Logistics operators
  • Importers/Exporters
Products
  • Engine Oil
  • Body Coating Agent
  • Alcohol Detector
  • Brake Pads
  • Air Filter

Import/Export and Logistics Services

Overview
Supports international import/export operations and provides optimal logistics services.
Competitiveness
Multinational transportation network
Customers
  • Overseas dealers
  • Exporters
  • Logistics companies
Products
  • International Logistics Management
  • Import/Export Procedure Agency
  • Product Delivery

Development and OEM Products

Overview
Strength in OEM supply of own-developed products and product proposals.
Competitiveness
Flexible development system tailored to customer needs
Customers
  • Automakers
  • Car accessory manufacturers
  • Sales agents
Products
  • Own-brand parts
  • OEM parts
  • Car maintenance supplies

Competitive Advantage

Strengths

  • Over 70 years of industry experience and trust
  • Product competitiveness through in-house development
  • Strong corporate network of the Sanwa Group
  • Solid financial base and dividend policy
  • Extensive logistics and import/export service capabilities

Competitive Advantages

  • Unique brand development in automotive parts wholesale
  • Synergy effects with equity-method affiliates
  • Diverse sales channels and broad customer base
  • Consistent provision from car accessories to related services
  • Track record of stable profit margins and performance growth

Threats

  • Changes in demand due to electrification and EV shift in the automotive industry
  • Risks in overseas supply chains
  • Fluctuations in raw material prices and rising procurement costs
  • Intensifying competition from new entrants and existing rivals
  • Increased product compliance costs due to stricter regulations

Innovations

2025: First TV Commercial Broadcast Launch

Overview
Aired its first TV commercial in 80 years of history, featuring an actress.
Impact
Improved brand recognition and strengthened consumer touchpoints

2023: Full Subsidiary Acquisition of ABT Co., Ltd.

Overview
Acquired ABT shares from Mitsubishi Corporation and completed subsidiarization.
Impact
Business diversification and establishment of new revenue base

2024: Enhanced Development of Own-Brand Coating Agents

Overview
Launched a new type of long-lasting body coating agent to the market.
Impact
Improved customer satisfaction and sales growth

Sustainability

  • Review of manufacturing processes and material procurement to reduce environmental impact
  • Implementation of waste reduction and recycling promotion activities
  • Introduction of energy-saving logistics systems
  • Formulation and strict adherence to sustainable procurement standards
  • Deployment of environmental education support programs for local communities