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Non-Energy Minerals

Aichi Steel Corp.

Business Summary

Aichi Steel Corp. engages in the manufacture and sale of specialty steels, forgings, and electromagnetic products. It operates through the following segments: Steel Company, Forging Company, Smart Company, and Other. The Steel Company segment offers hot-rolled steel materials, secondary steel processing products, and steelmaking materials. The Forging Company segment provides stamped and forged products for automobile and machine parts. The Smart Company segment includes electronic functional materials, magnet application products, and metal fibers. The Other segment deals in computer software development, sales of goods, and greening activities. The company was founded by Kiichiro Toyoda on March 8, 1940 and is headquartered in Tokai, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit27,906M205.92M
Operating income3,923M28.94M
Income before tax4,099M30.24M
Net income1,610M11.88M
Diluted EPS81.630.60
Dividends Per Share300.22
Total Assets385,449M2,896.15M
Total liabilities171,124M1,285.77M
Total equity203,759M1,530.98M
Operating cash flow13,028M96.13M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 257,315M 242,262M 202,247M 260,117M 285,141M
Gross Profit 34,206M 37,108M 26,211M 26,307M 27,906M
Operating income 11,120M 13,902M 4,832M 3,122M 3,923M
Income before tax 10,455M 13,158M 5,552M 2,895M 4,099M
Net income 6,503M 8,544M 3,137M 1,090M 1,610M
EBITDA 25,543M 29,786M 21,735M 20,398M 21,744M
Diluted EPS 330.38 434.05 159.22 55.25 81.63
Dividends Per Share 120 130 45 30 30
Total Assets 290,294M 288,889M 353,043M 364,400M 385,449M
Total liabilities 128,401M 125,195M 150,156M 151,921M 171,124M
Total equity 152,638M 154,648M 192,953M 201,548M 203,759M
Operating cash flow 13,580M 36,308M 15,896M 5,210M 13,028M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 2,320.35M 2,228.19M 1,906.95M 2,314.77M 2,104.09M
Gross Profit 308.45M 341.29M 247.13M 234.10M 205.92M
Operating income 100.27M 127.86M 45.56M 27.78M 28.94M
Income before tax 94.27M 121.02M 52.34M 25.76M 30.24M
Net income 58.64M 78.58M 29.57M 9.69M 11.88M
EBITDA 230.33M 273.95M 204.93M 181.52M 160.45M
Diluted EPS 2.97 3.99 1.50 0.49 0.60
Dividends Per Share 1.08 1.19 0.42 0.26 0.22
Total Assets 2,622.70M 2,676.01M 3,194.95M 3,002.26M 2,896.15M
Total liabilities 1,160.05M 1,159.69M 1,358.87M 1,251.66M 1,285.77M
Total equity 1,379.03M 1,432.52M 1,746.18M 1,660.53M 1,530.98M
Operating cash flow 122.45M 333.94M 149.88M 46.36M 96.13M

Valuation Measures

Mar 2023
Operating margin1.37%
Profit margin0.56%


  • President & Representative Director: Naohide Goto
  • Executive Officer & Head-IT Management: Masato Soji
  • Representative Director & Vice President: Motoshi Nakamura
  • Director & Managing Executive Officer: Ichie Nomura
  • Senior Executive Officer & GM-Customer: Toshiyuki Yamanaka


  • Toyota Motor Corp. (23.7%)
  • Toyota Industries Corp. (6.8%)
  • Sumitomo Mitsui Financial Group, Inc. (2.4%)
  • Mitsubishi UFJ Financial Group, Inc. (2.3%)
  • Toyota Fudosan Co., Ltd. (2.3%)
  • Aichi Steel Employee Stock Ownership Plan (2.0%)
  • Dimensional Fund Advisors LP (2.0%)
  • The Vanguard Group, Inc. (1.9%)
  • Nomura Asset Management Co., Ltd. (1.7%)

Contact Details

Related Companies

  • Aichi Steel Business Association
  • Aichi Steel Employee Stock Ownership Plan
  • Aichi Steel Restricted Stock Compensation Plan
  • PT Aichi Forging Indonesia
  • AICHI Korea Corp.
  • Shanghai Aichi Forging Co. Ltd.
  • Unitika Ltd. /Amorphous Wire Business/
  • Aichi Magfine Czech sro
  • Aichi Steel Trust
  • Aichi Information System Co.
  • Aichi Europe GmbH
  • Aichi Seratech KK
  • OMI Mining Co. Ltd.
  • Asdex Corp.
  • Aichi Steel Logistic, Inc.
  • Aichi International (Thailand) Co. Ltd.
  • Aichi Forging Co. of Asia, Inc.
  • Aichi Forge USA, Inc.
  • Toshiba Corp. /Gifu Factory Operations/


Last Updated on 25 Sep, 2023

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