Ikeda Bussan CO., Ltd. - 7285- Profile

Ikeda Bussan Co., Ltd. was established in 1958. The company manufactures seats, seat components and other interior trims including carpets for automobiles. Automobile seats and seat components accounted for 88% of fiscal 1999 unconsolidated revenues; automobile interior trims, 8% and other, 4%. Unconsolidated revenues accounted for 70.0% of fiscal 1999 consolidated revenues. Sales to Nissan Motor Co., Ltd. and Nissan Shatai Co., Ltd. accounted for 68.0% and 20.5% of fiscal 1999 unconsolidated revenues respectively. The company has sixteen consolidated subsidiaries, six in Japan, five in Malaysia, three in the United States and one each in the United Kingdom and Spain. Overseas sales accounted for 26.7% of fiscal 1999 revenues. Nissan Motor Co., Ltd. and NHK Spring Co., Ltd., are the major shareholders with 37.89% and 20.21% of issued stock respectively.