- CEO
- Naohide Goto
- Full Time Employees
- 4,427
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- 1, Wanowari Tokai AI Japan 476-8666
- IPO Date
- May 16, 1949
- Business
- Aichi Steel Corporation manufactures and sells specialty steel materials, forged products, electronic functional materials and components, and magnetic products. The company produces carbon and alloy steels for machine structural use; H-shaped steel for structural applications; alloy steel bolting materials; stainless steel shapes; forged automotive components leveraging integrated steelmaking and forging processes; and advanced products including MI sensors, magnets, dental materials, metallic fibers, and iron fertilizers. Aichi Steel operates primarily in the automotive sector, supplying approximately 40% of Toyota Group's steel, springs, and forged products, while serving construction, civil engineering, medical, and electronics industries through its HAGANE (steel), KITAERU (forging), STAINLESS, and SMART business units. The company maintains factories in Chita, Kariya, Forging, Higashiura, Gifu, Seki, and Electronic Components in Japan, with business offices in Tokyo, Osaka, and Fukuoka, and international offices in Shanghai and Silicon Valley.
Founded in 1934 as the steelmaking division of Toyoda Automatic Loom Works and established as an independent entity in 1940 with headquarters in Tokai City, Aichi Prefecture, Japan, Aichi Steel functions as the sole materials manufacturer within the Toyota Group. In recent developments, the company signed its third Technical Assistance Agreement with Vardhman Special Steel Limited in India to strengthen quality and sales capabilities for business expansion; made additional investments in Vardhman to enhance steel supply chains in the Global South; completed treasury share cancellations and disposals as restricted stock incentives; and updated its FY2024-FY2026 Medium-Term Management Plan. These initiatives underscore Aichi Steel's focus on global partnerships, shareholder returns, and strategic growth amid evolving automotive and materials demands.