1959 
                                
                            
  | 
                            Established
                                under the proprietorship of Koichi Kimura, present
                                President, with capital of \800,000, in Hyakunin-Cho,
                                Shinjuku, Tokyo for the purpose of manufacture
                            and sale of electric welders.  | 
                          
                          
                            1962  | 
                            The Head Office
                                was moved to Suzuki-Cho, Kodaira, Tokyo.It was
                                necessary to create the Sheet Metal Processing
                                and Mechanical Departments to accommodate business
                                expansion and to raise the efficiency of productivity.
                                Continuous operation of design and manufacture
                                was also completed.   | 
                          
                          
                            1964  | 
                            The adjacent
                                factory was purchased and the production capacity
                                was doubled.  
        Capital increased to \5,800,000.  | 
                          
                          
                            1968  | 
                            The company
                                was renamed Toyo Denyo Co. Ltd. (hereinafter
                                referred to as the gCompanyh) for modernization
                                and reorganization..  | 
                          
                          
                            1969  | 
                            Capital increased
                                to \11,200,000.  | 
                          
                          
                            1976  | 
                            Capital increased
                                to \16,000,000.  | 
                          
                          
                            1977  | 
                            Capital increased
                                to \21,160,000.  | 
                          
                          
                            1980  | 
                            Capital increased
                                to \25,000,000.  | 
                          
                          
                            1982  | 
                            The Company
                                purchased the adjacent factory and a second factory
                                was established. Production capacity was doubled
                                again..  | 
                          
                          
                            1988  | 
                            A factory with
                                office, 4,620 u in total floor area, was constructed
                                at the Mitsuhara Industrial Park in Ome-City,
                                Tokyo. A one-floor (70m in length) integrated
                                production system has increased our orders received.  | 
                          
                          
                            1989  | 
                            Registration
                                of Head Office transferred to Ome-City, Tokyo.  | 
                          
                          
                            1990  | 
                            Capital increased
                                to \34,160,000  | 
                          
                          
                            1992  | 
                            Acquired 32,473u
                                of land in the Futaba Industrial Park in Futaba-Cho,
                                Fukushima.  | 
                          
                          
                            1993  | 
                            A factory with
                                office, 2,908u in total floor area, was constructed
                                and completed the Construction Phase T. The plant
                                was named gFukushima Planth and started operation.. 
        Three plants in all : Ome, Kodaira and Fukushima  | 
                          
                          
                            1994  | 
                            Waltex Inc.
                                was founded with capital of $700,000 (100% investment
                                by Toyo Denyo). 
        A land of 10 Acres (40,469uj acquired at Walton Industrial Park in Cincinnati,
        Kentucky, U.S.A.A 
        A factory with office, 2,310u in total floor area, was constructed and
        started the operation with 28 people (5 Toyo Denyo staff and 23 local
        staff).  | 
                          
                          
                            1996  | 
                            Due to increase
                                of orders, Waltex Inc. extended the floor area
                                to5,252uand increased staff to 40 
        (5 Toyo Denyo staff and 35 local staff).  | 
                          
                          
                            2003  | 
                            A land of 8
                                Acres (32,375uj acquired at Bowling Green Industrial
                                Park in Bowling Green , Kentucky, U.S.A. and
                                a Waltex second factory with office, 2,600u in
                                total floor area, was constructed.  |