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  2. Supplier Database
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  4. F-TECH Inc.
  5. F-TECH INC. Business report FY2008

F-TECH INC. Business report FY2008

Business Highlights

Financial Overview ( in millions of JPY )
FY2008 FY2007 Rate of Change (%) Remarks
Sales 142,882 159,425 (10.4) -Car production by the Company's main customer, Honda, dropped sharply in Japan and North America, pushing down the Company's sales.
Operating income 2,754 8,686 (68.3)
Ordinary income 1,434 7,426 (80.7)
Net income (4,316) 4,151 -

Performance by region
<Japan>
-Sales to major customer, Honda, dropped.Total sales reached 56,362 million yen, down 2.8% year-on-year, as it started reporting sales to Reterra Co., Ltd. Reterra became a new subsidiary of the Company at the end of the last fiscal year. Despite the Company's cost reduction efforts, the Company reported an operating loss of 2,057 million yen, 184.2% of the loss in the previous fiscal year.

<North America>
-Sales to the major customer, Honda, dropped, pushing down the Company's regional sales by 21.7% to 63,298 million yen. Its regional operating income was 3,100 million yen, down 35.9%.

<Asia>
-F-Tech Manufacturing (Thailand) Limited has reached full operation and its regional sales were 23,220 million yen, up 12.8%. Its operating income in this region decreased 9.1% to 2,371 million yen, due to increased operation launch costs.


Activities
<Manufacturing>
-Production of the Fit for North America and Europe started.
-The Freed, Insight and Clarity were launched in Japan.

<Sales>
-Focused activities were undertaken in order to expand sales mainly to the major customer Honda.
-The Company won orders from Toyota for parts for the Highlander and from Nissan for pedal components for the next-generation Nissan models.

R&D

R&D Expenditure ( in millions of JPY )
FY2008 FY2007 FY2006
Total 1,940 1,924 1,452


Development in FY2008
-Haga Technical Center is in charge of product design and development, research on materials and product performance tests.

-In July 2008, the Company established F-Tech R&D Philippines, Inc. in the Philippines. It cooperates with the Company's production base in the Philippines so that the company has a consistent system to locally develop and produce pedals.


R&D Achievements
-The Company developed a three dimensional type friction stir welding system, which was adopted by Honda for producing sub frames for the Honda FCX Clarity fuel cell vehicles. Mass production of the system has already started.

-For the all-new Honda Accord and Fit, the company took a consistent lead in developing and producing parts for sub frames, suspension arms and pedals. Mass production of these parts has already started.


Major Technological Support (As of Mar. 31, 2009)
Partners Country Type of Support Contract Period
Cheng Yu Industry Co., Ltd. China Technical support dealing with manufacturing and sales Dec.1994-Dec.1999
Yearly automatic renewal from then on
ThyssenKrupp Automotive Tallent Ltd. UK Technical support dealing with manufacturing and sales
June 1996-June 2009
Yearly automatic renewal from then on
Progressive Tools & Components (P) Ltd. India Technical support dealing with manufacturing and sales Nov.1996- now under way
YPS Limited Turkey Technical support dealing with manufacturing and sales Apr. 1, 2000-
Mar. 31, 2005
Annual automatic renewal from then on
Vietnam Autoparts Co., Ltd. Vietnam Technical support dealing with manufacturing and sales Dec. 27, 2005-
Dec. 26, 2010
SMC Co. Ltd. South Korea Technical support dealing with manufacturing and sales Apr. 4, 2006
Apr. 3, 2011
(Annual automatic renewal from then on)
Thyssenkrupp Automotive Systems Brasil Ltda Brasil Technical support dealing with manufacturing and sales Sep. 27, 2005-
Sep. 26, 2012

Technological Support the Company Receives (As of Mar. 31, 2009)
Partners Country Company name Type of support Details Contract period
F-Tech
F&P Mfg Inc.
F&P America Mfg Inc.		 Canada TI Corporate Services Limited(Variform, Inc.) Automotive components Technological support dealing with pipe forming Oct. 20, 1994-
Oct. 20, 2009

Investment Activities

Investment Expenditure (Unit: million yen)
FY2008 FY2007 FY2006
Investment Expenditure 12,247 14,719 14,820
Investment for new product start-up 4,474 9,593 4,032

Planned Capital Investments
Company Name
Location 		Segment Planned investment
(in million yen)		 Start Completion Increased capacity after completion
F-Tech: Kuki Plant, etc.
(Saitama, Japan) 		Businesses related to automotive components 1,170 Apr.
2009		 Mar.
2010		 Facility expansion in line with launch of a new model
F-Tech: Kameyama Plant, etc.
(Mie, Japan) 		Businesses related to automotive components 321 Apr.
2009		 Mar.
2010		 Facility expansion in line with launch of a new model
F & P America Mfg., Inc.
(Ohio, USA)
Businesses related to automotive components 661 Apr.
2008		 Mar.
2009		 Facility expansion in line with launch of a new model

MarkLines Customer Support

9:00 a.m. - 5:30 p.m. Mon.-Fri. (excluding national holidays)
japan Japan
Roppongi, Minato-ku, Tokyo, Japan
+81-3-4241-3907
USA USA
Novi, Michigan, USA
+1-248-327-6987
MEX Mexico
León Guanajuato, Mexico
+52-477-796-0560
DEU Germany
Frankfurt am Main, Germany
+49-69–904-3870-0
CHN China (Shanghai)
Huangpu District, Shanghai, China
+86-21-6212-6562
infoshanghai@marklines.com
CHN China (Shenzhen)
Nanshan District, Shenzhen, Guangdong
+86-755-2267-1725
THA Thailand
Klongtoey, Bangkok, Thailand
+66-2-665-2840
IND India
Gurgaon, Haryana, India
+91-124-4048779