TAIYO,LTD. is a Japan-based company engaged in the manufacture and sale of hydraulic and pneumatic equipment, as well as other machinery and equipment. The Company operates in two business divisions. The Hydraulic and Pneumatic Equipment division manufactures and sells hydraulic equipment, such as hydraulic cylinders, hydraulic rotary actuators, hydraulic valves and hydraulic units, and pneumatic equipment, including pneumatic cylinders, pneumatic rotary actuators, pneumatic hand actuators, air motors, pneumatic valves, pneumatic auxiliary equipment and shock absorbers, among others. The Machinery and Equipment division manufactures and sells industrial robots, automatic assembling machines, transporting machines and semiconductor manufacturing equipment. As of June 20, 2011, the Company had five subsidiaries and one associated company. On March 9, 2012, Parker Hannifin Japan Holdings Godo Kaisha became the top shareholder of the Company, with 97.82% voting rights in the Company.