Toyoshima

What Toyoshima does

ICHINEN USA Corporation, a wholly-owned US subsidiary of Japanese parent ICHINEN Holdings (ichinenhd.co.jp), operates from a single headquarters at 735 St Paul, Indianapolis, IN. The company manufactures and distributes Tier 1 forklift fork arms and accessories under the positioning of an OEM-quality aftermarket supplier, serving material handling operators, construction firms, agricultural operations, and large-scale fleet buyers. Its product line includes Premium Forks (higher-grade, specialty equipment), Standard Forks such as the Class II TPC Standard Fork Arm Pair offered in four standard sizes, and Accessories including fork attachments for adjacent vertical applications.

Its core technology is a proprietary special steel manufacturing process delivering 100% heat-treated forks with claimed superior structural integrity and wear resistance, with full production control over high-grade steel components and full compliance with International Truck Association (ITA) standards. No AI, software stack, or digital platform capabilities are disclosed; the technological moat is purely metallurgical and process-based, supported by the implied know-how of the Japanese parent.

The business model is manufacturer-direct B2B e-commerce combined with a direct-sales team for bulk orders. Standard and premium forks are sold through the ichinenusa.com storefront on a pay-as-you-go unit-pricing basis; buyers of more than five pairs receive customized quotes tied to specific lifting requirements. Pricing is not publicly disclosed, no customer logos, no channel partners, no distribution agreements, and no revenue figures are available, indicating either an early commercial stage or a deliberately opaque posture. Marketing is minimal — owned website plus a LinkedIn corporate page — and there is no app, no API, and no integration ecosystem.

Name

Toyoshima

Legal name

ICHINEN USA Corporation

Website

https://tssu.com

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

1–10 employees

Short description

ICHINEN USA Corporation, a US subsidiary of Japan's ICHINEN Holdings, manufactures and distributes Tier 1, 100% heat-treated forklift fork arms and accessories via a manufacturer-direct e-commerce storefront and bulk-order sales team serving material handling, construction, agricultural, and large-fleet operators across the United States from its Indianapolis headquarters.

Ownership category

akta.pro rank

Product category

Material Handling Equipment Parts

NAICS

Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (333924), Overhead Traveling Crane, Hoist, and Monorail System Manufacturing (333923)

SIC

Industrial Trucks, Tractors, Trailors & Stackers (3537), Construction, Mining & Materials Handling Machinery & Equip (3530), Wholesale-Industrial Machinery & Equipment (5084)

akta.pro primary industry

Lifting Attachments & Material Handling Accessories (Fork Attachments, Slings, Rigging) (IMAHABAJ)

akta.pro secondary industries

Material Handling & Loader Attachments (Front Loaders, Telehandlers, Bale Handlers, Forks) (AFAAAAAC), Forklifts & Industrial Trucks (IC & Electric) (IMAHABAA)

Keywords

• Forklift fork arms
• Material handling parts
• OEM forklift components
• Industrial steel forks
• ITA standard forks

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Fork Arms and Accessories Sales: One-time hardware sales of forklift fork arms and accessories. Products include standard forks, premium forks, and accessories. Revenue generated through direct purchases, bulk orders, and customized quotes for enterprise fleet operators.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

ICHINEN USA Corporation manufactures and sells Tier 1 forklift fork arms and accessories for standard and specialty forklift equipment. The company produces standard and premium fork arms using a proprietary 100% heat-treated special steel manufacturing process that complies with International Truck Association (ITA) standards. Products are sold manufacturer-direct via an e-commerce storefront and direct sales channel to material handling, construction, and agriculture operations.

Product overview

ICHINEN USA Corporation is a premier manufacturer of Tier 1 forks and accessories for standard and specialty forklift equipment. The company offers a portfolio of products including Premium Forks and Standard Forks (such as the Class II TPC Standard Fork Arm Pair), along with Accessories like fork attachments. All products are manufactured with 100% heat-treated steel, comply with ITA (International Truck Association) standards, and are available with manufacturer-direct pricing and immediate dispatch from inventory.

Differentiator

Problem solved

Functional benefit

Products and services

• Premium Forks Tier 1 high-quality forklift fork arms manufactured using 100% heat-treated special steel, designed for fleet operators and heavy-duty material handling applications requiring superior structural integrity and wear resistance.
• Standard Forks (Class II TPC Standard Fork Arm Pair) ITA standards-compliant standard forklift fork arms, including the Class II TPC Standard Fork Arm Pair available in four standard sizes (1.5x4x42, 1.75x4x42, 1.5x5x42, 1.75x5x42). Designed for fleet operators seeking affordable, manufacturer-direct replacement fork arms.
• Forklift Accessories Complementary accessories for forklift equipment and fork arm installations, supporting the broader material handling and specialty forklift equipment portfolio.

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• ICHINEN Holdings (Parent Company)coreOthersICHINEN USA Corporation is a subsidiary of ICHINEN Holdings based in Japan. The parent company website is linked as 'Visit Our Parent Company' indicating a corporate ownership relationship. ICHINEN Holdings likely provides strategic direction and potentially manufacturing or technology support to the US subsidiary.

Recent moves5 records

Expansion highlights5 records

Emerging players

• Manitou Group: French manufacturer of material handling, aerial work platform, and earthmoving equipment, including attachments for forklifts and telehandlers. Comparable to ICHINEN USA in producing attachments and forks for material handling applications, with stronger presence in construction-adjacent markets.

Broad incumbents

• Toyota Material Handling: One of the largest forklift manufacturers globally, offering OEM and aftermarket parts including fork arms. Comparable to ICHINEN USA as a competitor in the forklift parts aftermarket, though operating at much larger scale across the full forklift product line.
• Hyster-Yale Materials Handling: Global manufacturer of lift trucks and material handling equipment, with an aftermarket parts business that competes with ICHINEN USA in the replacement fork segment.
• Linde Material Handling (KION Group): Major forklift OEM and material handling solutions provider that sells complete forklifts and supplies replacement parts including forks. Comparable to ICHINEN USA in the aftermarket for lift truck components, though it competes across the full forklift value chain.
• Jungheinrich AG: European-based intralogistics provider offering forklifts, warehouse equipment, and parts. Comparable as an aftermarket supplier of lift truck components, though its primary focus is complete warehouse solutions.
• Crown Equipment Corporation: Major US-based forklift manufacturer with a substantial parts and service division. Comparable to ICHINEN USA as a competitor selling fork arms and replacement parts to industrial customers, though with a much broader product portfolio.

Direct peers

• Cascade Corporation: A leading global manufacturer of forklift attachments and accessories, including forks, clamps, and specialized material handling equipment. Directly comparable to ICHINEN USA as both sell fork arms and attachments to industrial and material handling customers through OEM and aftermarket channels.
• Helm Welding Ltd. (Forklift Forks Manufacturer): North American manufacturer of forklift forks and attachments, with heat-treated forging capabilities. Directly comparable to ICHINEN USA in product (fork arms for Class II/III forklifts) and customer base (fleet operators and dealers).
• Bolzoni S.p.A. Italian manufacturer of forklift attachments including forks, clamps, and lift tables. Comparable to ICHINEN USA in product category (fork attachments) and target customers (forklift OEMs and industrial end-users), with a global distribution footprint.

Regional players

• ITA Italy (Industrial Truck Association-aligned Forks Suppliers): European-based material handling equipment suppliers focused on forks and fork attachments. Comparable to ICHINEN USA in product category and quality standards, though primarily serving European rather than US markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/toyoshima-indiana-inc

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Toyoshima