Asset Performance

Asset Performance

*1 Shareholder’s equity = Net asset – Warrants – Minority interest
*2 Equity ratio = Shareholder’s equity / Total Assets
*3 D/E ratio = Interest-bearing Debt / Shareholder’s equity
*4 ROE = Net Income / Shareholder’s equity
*5 ROA = Ordinary Income / Total Assets

Transition of Total Assets and Shareholder’s equity and Equity ratio

Unit:Millions of yen, %

Transition of Interest-bearing Debt and D/E ratio

Unit:Millions of yen, ratio

Transition of ROE

Unit:%

Transition of ROA

Unit:%

Top Messages

Top Messages

Advanex’s management philosophy is to become a company of value to society by creating new value. In other words, we must fulfill not only the actual needs of societies and users, but also latent demands (undiscovered needs that exist at the root) by making full use of Advanex’s know-how in precision metal processing, skilled craftsmanship, and proposal-based sales. We also aim to contribute to the sustainability of society by creating new value.

Our medium-term goal is to become a leading company in precision metal processing. A leading company means “the world’s largest company that possesses unique technologies and realizes all kinds of challenges.” We will develop our management philosophy worldwide by extending our long-established “artisan’s technology” to our global network, which is the most extensive in the precision metal processing industry.

September 24, 2020

Seiya Kato
Representative Director, President
Advanex Inc.

Company Outline

Company Outline

Company name Advanex Inc.
Established November 1946
Capital 100million yen
Address Tabata-Asuka Tower, 6-1-1 Tabata, Kitaku, Tokyo 114-8581, Japan
Representative Eitaro Asada, Representative Director, Chairman and CEO
Outline of Business The manufacture and sale of precision springs.
Number of employees Consolidated: 1,870
Non-consolidated: 354 (as of March 31, 2025)
Net sales Consolidated: 28,532 million yen
Non-consolidated: 10,245 million yen (April 1, 2023- March 31, 2025)
Stock listing Standard Division of Tokyo Stock Exchange (stock code: 5998)
Number of Consolidated subsidiaries 14. Asia 10, North America 2, Europe 2
Contact E-mail: info@advanex.co.jp

Phone number: (03) 6853-0111
Administration Department

Company History

Company History

April 1930 Mr. Inokichi Kato, who was our first president, founded the spring factory in 1 Sakai, Edogawa-ku, Tokyo.
November 1946 Incorporated as KATO SPRING WORKS CO., LTD. and founded the head factory in Sekimachi, Nerima-ku, Tokyo.
December 1963 Moved the head factory to 1-1-3 Tabata, Kita-ku. (new factory: 2,224m2)
May 1964 Listed on Second section of Tokyo Stock Exchange.
May 1971 Established KATO SPRING OF CALIFORNIA,INC. (the present Advanex Americas,Inc.)
November 1976 Established the head factory in Kashiwazaki, Niigata.
January 1978 Established KATO SPRING (SINGAPORE) PTE. LTD. (the present Advanex (Singapore) Pte.Ltd.)
March 1986 Established a new factory in Onomachi, Fukushima. (Closed in 6/2009)
September 1988 Established KATO PRECISION (U.K.) LIMITED
October 1993 Purchased SENIOR ENTEX LTD and changes its name to KATO-ENTEX LIMITED
August 1994 Established KATO PRECISION (HONG KONG) LIMITED (the present Advanex (Hong Kong) Ltd.)
July 1996 Moved the Headquarter to 6-1-1 Tabata, Kita-ku, Tokyo.
July 1996 Established Strawberry Corporation
January 1998 Established KATO SPRING (THAILAND) LTD. (the present Advanex (Thailand) Ltd.)
January 2001 Established KATO SPRING (SHANGHAI) CO. LTD. (the present Advanex (Shanghai) Inc.)
July 2001 Changed the corporate name to ADVANEX INC.
October 2001 Strawberry Corporation was listed on JASDAQ. (Delisted in 10/2011)
December 2002 Established ADVANEX PRECISION COMPONENTS (DONGGUAN) CO., LTD. (the present Advanex (Dongguan) Inc.)
January 2003 Established ADVANEX PRECISION COMPONENTS (DALIAN) CO., LTD. (the present Advanex (Dalian) Inc.)
March 2004 Listed on first section of Tokyo Stock Exchange.
June, 2006 Established KATO SPRING (VIETNAM) LTD. (the present Advanex (Vietnam) Ltd.)
October 2007 Acquired Daiichi Kasei Holdings Co., Ltd. (100%)
October 2008 Established a new factory in Nakatsu, Oita.
May 2009 Established a new factory in Minamitsugaru, Aomori.
October 2010 KATO PRECISION (U.K.) LIMITED and KATO-ENTEX LIMITED merged and changed to Advanex Europe Ltd.
February 2012 Strawberry Corporation changed its name to Advanex Motion Design Inc.
January 2013 The establishment of a subsidiary in Changzhou
April 2014 Funabashi Electronics Co.,Ltd. became a wholly owned subsidiary of Advanex Inc.
Mar 2015 Advanex Inc. transferred 100% of its stock in Daiichi Kasei Holdings Co., Ltd., to Abico Group of Taiwan
Mar 2015 Established factories in Chiba and Miyagi
Jan 2016 Established a new factory in Saitama
Feb 2016 Established Advanex Deutschland GmbH.
Oct 2016 Acquired Electronic Stamping Corporation’s Business
Dec 2016 Acquired PT. Yamakou Indonesia.(100%)
Sep 2017 Established Advanex (India) Private Limited.
Nov 2017 Established Advanex Czech Republic s.r.o.
Oct 2018 Established Advanex de Mexico S. de R.L. de C.V.

Headquarters and Factories

Headquarters and Factories

Headquarters

  • Asuka Tower Bldg. 6-1-1 Tabata, Kita-ku, Tokyo 114-8581, Japan
  • TEL:+81-3-3822-5860
  • Map
  • 2 minutes walk from the North Exit of JR Tabata Station.

Niigata Factory

  • 1355 Nishioki, Fujii, Kashiwazaki-shi, Niigata, 945-0193
  • TEL:+81-257-24-2141 FAX:+81-257-23-8193
  • Map
  • 5 minutes by car from the Exit of Kashiwazaki I.C. on Hokuriku Expressway.
    10 minutes by taxi from Kashiwazaki Station on JR Shinetsu-honsen / Echigosen line.

Saitama Factory

  • 156-1, Shimonodo, Honjo, Saitama, 367-0063
  • TEL:+81-495-27-5600 FAX:+81-495-27-5620
  • Map
  • 10 minutes by car from the Exit of Honjo-Kodama I.C. on Kanetsu Expresway.
    15 minutes walk after getting off at Jinbohara station on JR Takasaki line.
    15 minutes by taxi from Honjo-Waseda station on JR Joetsu Shinkansen line.

Oita Factory

  • 850 Ueno, Nakatsu-shi, Oita, 879-0103, Japan
  • TEL:+81-979-33-1884 FAX:+81-979-33-1887
  • Map
  • 10 minutes by car heading for Nakatsu from the exit of Usa I.C. on Usabeppu expressway.
    7 minutes by taxi from JR Imazu station, 25 minutes by taxi from JR Nakatsu station on Nippo-Honsen.
    5 minutes walk after getting off at Tobinaga bus stop by limousine bus for Nakatsu station departing from Oita airport.(1hour 10 minutes from Oita airport)

Aomori Factory

  • 56-4 Higashinakano, Maedayashiki, Inakadatemura, Minamitsugaru-gun, Aomori, 038-1144, Japan
  • TEL:+81-172-58-3284 FAX:+81-172-58-3561
  • Map
  • 10 minutes by car from the Exit of Kuroishi I.C. on Tohoku Expressway.
    15 minutes by taxi from Hirosaki Station on JR Ouu-honsen line.
    30 minutes by taxi from Aomori airport.

Chiba Factory

  • 2-10-1, Sakae-machi, Funabashi-shi, Chiba, 273-0018, Japan
  • TEL:+81-47-431-5072 FAX:+81-47-433-2688
  • Map
  • 10 minutes by car from the Exit of Ichikawa I.C. on Minami-kanto Expressway.
    10 minutes by car from the Exit of Funabashi I.C. on Keiyo Expressway.
    15 minutes by taxi from Futamatashimmachi Station on JR Keiyo line

The Way of Group Management

The Way of Group Management

Our way of group management is not to have the headquarters take the lead in conceiving of ideas and management methods and then enforcing these on the subsidiaries to attain a uniform level. In contrast, the ADVANEX style is to share problems as issues facing the entire group, find optimal solutions after due deliberation, and implement this as best practice for the group as a whole.

The general managers in many of our oversea subsidiaries are local people. There is no reason for that general management should be a Japanese. General manger should be the most eligible person as the top of the company, even if he or she is a Japanese, local person or a person from the other countries.

Going forward, we will follow this fundamental stance to implement “autonomous networked management” while aiming for further growth.

Tsuneo Shibano
President & CEO
Advanex Inc.

Environmental Activities

Environmental activities

Energy-saving activities

With a slogan of “Starting with the smallest of actions”, the company is involved in company-wide activities to conserve energy. Based on corporate environmental impact evaluations, the company registers electricity as having a significant impact on the environment. All areas of the company, including factories and administration sections, are actively involved in reducing power used by office equipment, air conditioning and lighting.

Lower level of operations on holidays

20% less working compressors on holidays

Compressors are a major user of electricity within Advanex and reducing the operation level of the compressors on holidays by reviewing the amount of air and compressor units needed at such times has greatly contributed to energy conservation.

Reducing amount of copy paper used

Survey on amount of copy paper used

Timber is an extremely important natural resource and at Advanex checks are continually being implemented to ensure that copy paper is not being used in a wasteful manner.

Reduction of electricity consumption: about 70,000kWh/year

Reduction of electricity consumption: about 70,000kWh/year

The lighting of Kashiwazaki factory (the 3rd factory) is changed to LED, and reduce electricity consumption.
If it converts into CO2, it will be equal to about 27,000kg of CO2 reduction, if it converts into a cedar tree, it will be equal to about 1,900 trees/year reduction. Moreover, LED has a long life and is not necessary to be changed for more than ten years.
Since calorific value is also reduced by using LED, it leads also to lower usage of air-conditioning.

Activities to preserve the environment

While it is essential that the company works to reduce the environmental impact of its products and procedures, Advanex also considers it important for each and every employee to have a correct understanding of the environment and to spontaneously be involved in environmental activities as a global citizen.

Employee participation in environmental activities

Experts lecturing on the environment at in-house seminars

In order to suitably implement environmental measures, each employee must have an accurate understanding of environmental issues on which to base their actions. Based on a motto of knowledge and action, Advanex places importance on activities and education that enhance technology and skills related to the environment and promotes the environemtnal awareness of all Advanex employees.

Cooperation with the local community

Kashiwazaki Beach clean-up

In order to preserve the environment, along with reducing the amount of harmful substances used by the company, it is essential that each employee works as a global citizen and is involved in spontaneous activities. One way the company plays its part as a global citizen protecting the beauty of the natural environment is to help clean up the local environment.

Eco-families

Based on the belief that it is important for our children to understand the importance of the environment, the company has adopted certain eco-family measures. Each year, the company calls on families to participate in keeping an environment household accounting ledger where children are asked to take the lead within the family. Children learn about the environment first-hand by trying to cut electricity, gas and water consumption and the amount of waste discarded within their own household.

Directors

Directors

Directors

Eitaro ASADA

Representative Director, Chairman and President
  • 1969 Joined TOPY Enterprises, Limited.
  • 1974 Director of Asada Corporation
  • 1988 President of Asada Corporation
  • 2020 Director, Chief Advisory Officer of the company
  • 2021 Representative Director, Chief Advisory Officer of the company
  • 2022 Representative Director, Chairman
  • 2023 Representative Director, Chairman and CEO (to present)

Tetsuya YOSHIHARA

Executive Director
CFO, Internal Control Office, Compliance
  • 1990 Joined the Mitsubishi Bank Ltd. (current MUFG bank Ltd.)
  • 2020 Seconded the company, General Manager of Administration Division(to present)
  • 2021 Joined the company
  • 2021 Director, CFO(to present)
  • 2023 Executive Director(to present)

Seiya KATO

Executive Director
  • 1981 Joined the company
  • 2006 Executive Officer
  • 2009 Director
  • 2014 Executive Director
  • 2020 President
  • 2023 Director (to present), General Manager of Quality Assurance Division(to present)

Takashi SUGII

Director (Outside, Independent)
  • 1969 Joined The Ministry of Finance
  • 1984 General manager of Indirect tax division, Tokyo Regional Taxation Bureau
  • 2000 Registered as Attorney-at-law, Established Sugii Law firm (to present)
  • 2010 Auditor of SEKIDO Co., Ltd. (to present)
  • 2023 Outside Director (to present)

Toshiko NITTA

Director (Outside, Independent)
  • 2006 Associate Professor, Faculty of Business Administration, Bunkyo Gakuin University
  • 2011 Professor, Faculty of Business Administration, Bunkyo Gakuin University
  • 2017 Assistant to the President, Bunkyo Gakuin University
  • 2019 Chairperson, Graduate School of Business Administration, Bunkyo Gakuin University
  • 2021 Dean, Faculty of Business Administration, Bunkyo Gakuin University
  • 2023 Assistant to the Dean, Faculty of Business Administration, Specially Appointed Professor, Bunkyo Gakuin University
  • 2024 Professor Emeritus, Bunkyo Gakuin University (to present), Outside Director (to present)

Auditor

Naoki ENOMOTO

Audit & Supervisory Board Member (Full time, Outside, Independent)
  • 1985 Joined the Ministry of Finance
  • 2014 Director General of Tohoku local Finance Bureau
  • 2015 Executive Director and Officer of Development Bank of Japan Inc.
  • 2017 Director General of Fukuoka Regional Taxation Bureau
  • 2018 Director General of the Osaka Regional Taxation Bureau
  • 2020 Chief Customs inspector of Tokyo Customs
  • 2022 Director of Osaka Organic Chemical Industry Ltd. (to present)
       Advisor of The Nanto Bank, Ltd.
  • 2023 Audit & Supervisory Board Member (to present)

Yoshimi NAKAMURA

Audit & Supervisory Board Member (Outside, Independent)
  • 1998 Registered as A taxation accountant-at-law
  • 2000 Advisor of Nishimura & Asahi (to present)
  • 2010 Instructor of Hitotsubashi University School of Law (to present))
  • 2015 Specially-appointed Professor of graduate school of Bunkyo University (to present)
  • 2021 A member of Japanese Association of Turnaround Professionals
  • 2022 Audit & Supervisory Board Member (to present)

Hideki TAKA

Audit & Supervisory Board Member (Outside, Independent)
  • 1977 Joined Tokyo Regional Taxation Bureau
  • 2008 Deputy District Director of Shibuya Tax Office of Tokyo Regional Taxation Bureau
  • 2014 Vice-governor of Shizuoka Prefecture
  • 2015 Budget Examiner of Budget Bureau, Ministry of Finance
  • 2017 Director General of Hokkaido Local Finance Bureau
  • 2018 Representative Director, President of Clean Energy Research Institute, Ltd.
  • 2019 Representative Director, President of Toshima Cable Network
  • 2021 Advisor of Sprout Group Co., Ltd. (to present)
  • 2023 Audit & Supervisory Board Member(to present), Public Interest Supervisory Committee of RSM Seiwa(to present)
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