F-TECH Inc.

Company Profile

■URL

https://www.ftech.co.jp/en/

■Address

19 Showanuma, Shobumachi, Kuki-shi, Saitama-ken, 346-0194, Japan

Business Overview

-Manufactures and sells automobile suspension components and related dies, machine tools, etc.

-The Company delivers a majority of its products to Honda, which accounted for 61% of sales in the fiscal year that ended in March 2024. Following Honda, GM accounted for 10% of sales.

-A total of 90% of sales were generated outside Japan, with North America accounting for the largest percentage at 69%. Despite the impact of semiconductor shortages, North American production increased due to yen depreciation and the effect of mass production of newly ordered products.

Shareholders

-Listed on the Standard Market of the Tokyo Stock Exchange

(As of Mar. 31, 2024)

Name or Company Name	Investment Ratio (%)
Honda Motor Co., Ltd.	13.63
The Master Trust Bank of Japan, Ltd. (Trust Account)	5.38
Individual shareholder	4.76
F-Tech Scholarship Foundation	4.27
Interactive Brokers LLC	2.42
Saitama Resona Bank, Ltd.	2.29
Individual shareholder	1.92
Sumitomo Corporation	1.85
Fukuda Kyosan Industries	1.81
F-Tech employee stick ownership plan	1.80
Total	40.15

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Products

Mounted Components
-Front subframes

Suspension & Beams
-Rear suspension beams
-Rear axle beams
-Trailing arms
-Lower arms

Control Parts (Pedals)
-Adjustable pedal
-Brake pedal
-Gas pedal (Organ type)

Modules
-Subframe module

Chassis System

Aluminum die-casting

Plastic Components

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History

Jul. 1947	Began manufacturing metallic toys along with other products at 2100, Sezakicho, Soka, Saitama.
Nov. 1955	The business was incorporated with capital of 500,000 yen to establish the Fukuda Sesakujo Inc.
Oct. 1959	Began manufacturing motorcycle components at a factory jointly operated by Honda Motors Co., Ltd.
May 1964	Through a reorganization and name change, the Company became Fukuda Press Works Co., Ltd. with capital of 5 million yen.
Oct. 1986	Established a subsidiary, F&P Manufacturing Incorporated, for the purpose of manufacturing and selling components for automobiles, motorcycles, etc. based on a joint investment with American Honda Motor Company Inc. (of Ontario, Canada) and YUTAKA GIKEN CO.,LTD.
Dec. 1988	Changed its name to F-Tech Inc.
Apr. 1995	Concluded a contract with Nissan Shatai to supply automobile components.
Sep. 1996	Registered with Japan Securities Dealers Association
Mar. 1997	Concluded a contract with Isuzu Motors Co., Ltd. to supply automobile components.
Apr. 1997	Established a subsidiary DYNA-MIG Mfg., of Stratford, Inc. for the purpose of manufacturing and selling automobile components based on a joint investment with Fukuda Engineering (of Ontario, Canada).
Mar. 1998	Received ISO 9002 certification from the Japan Quality Assurance Organization (JQA ).
Feb. 1999	Concluded a contract with Daihatsu Motor to supply automobile components.
Apr. 1999	A subsidiary, F&P America Manufacturing Inc., received ISO 9002 certification from the ABS, quality evaluation organization.
Nov. 1999	All of the Company's received ISO 14001 certification from the ISC.
Jun. 2000	Concluded a contract with Nissan Motor to supply automobile components.
Oct. 2000	Established F&P Georgia Mfg. Inc. as a subsidiary in Georgia, USA for the purpose of manufacturing and selling automotive components based on a joint investment with F & P America Mfg., Inc. and F & P Mfg. Inc..
Jan. 2001	Listed on the Second Section of the Tokyo Stock Exchange
Mar. 2001	After concluding a contract with Toyota Manufacturing North America Inc. for the supply of automotive parts, commenced business.
Apr. 2001	After concluding a contract with Suzuki for the supply of automotive parts, commenced business.
Jun. 2001	Established a subsidiary, FEG DE QUERETARO S.A.DE CV, as a joint venture with the company's subsidiary, Fukuda Engineering, in Queretaro, Mexico, for the manufacture and sales of dies and press work.
Jan. 2002	Established a subsidiary, WEIFU Technology Industrial Co., Ltd. as a joint venture with Nichimen Corp., in Guangdong, China, for the manufacture and sales of automotive parts.
Nov. 2002	Kyushu F-tech Inc., its subsidiary, obtained ISO 9001.
Apr. 2003	Established F-TECH North America Inc. in Ohio, USA as administrative headquarters for its subsidiaries in North America.
Apr. 2003	Established F-TECH R&D North America Inc. in Ohio, USA in order to develop new models for the North American market.
Nov. 2004	Established F.TECH WUHAN INC. in Hubei, China in order to manufacture and sell automobile parts.
Mar.2006	Established F-Tech Mfg. Thailand Ltd. Ayutthaya Province, Thailand, in order to manufacture and sell automotive parts.
Sept. 2006	Listing on the Tokyo Stock Exchange was transferred to the1st Section.
2007	Established a subsidiary, Futian Mould Technology (Yantai) Co., Ltd.
Nov. 2007	Acquired more shares of Reterra Corporation, which has an advantage in aluminum manufacturing technology, turning it into its subsidiary in order to enhance its development capabilities for reducing the weight of components.
Jul. 2008	Established a subsidiary, F-Tech R&D Philippines, Inc., in Laguna, Philippines, as the Company's first R&D base in Asia.
Oct. 2009	Merger of Fukuda Engineering Co.,Ltd. and Watanabe Plastics Mfg.Co.,Ltd.
Apr. 2010	F.Tech North America Inc. and F&P Georgia Mfg.,Inc. merged with and into F&P America Mfg.,Inc. Amalgamation of F&P Mfg.,Inc and Dyna-Mig Mfg. of Stratford Inc.
Aug. 2010	Fujian Trading Co., Ltd. Yantai was established as the subsidiary of Fukuda Engineering Co., Ltd. to promote trading in China of auto parts and die cast products.
Dec. 2011	Established F.tech R&D (Guangzhong) Inc. in Guangdong, China.
Jun. 2012	Established F&P Mfg.de Mexico S.A. de C.V. in Guanajuato, Mexico.
Aug. 2012	Merged Futian Mould Technology (Yantai) Co.,Ltd. and Fujian Trading Co., Ltd. Yantai into one entity, changing the name to Yantai Fuyan Mould Co.,Ltd.
Feb. 2013	Established PT. F.tech Indonesia in Karawang, Indonesia.
Oct. 2013	Acquired ISO50001 certification from the Japan Automobile Research Institute -Registration Body (JARI-RB) for the Kameyama Plant.
Aug. 2014	Established F.tech R&D North America Inc. European Branch, a subsidiary of F.tech R&D North America Inc., in Dusseldorf, Germany for the purpose of conducting market research on the European market.
Jun. 2016	Established the General Incorporated Scholarship Association (currently F-Tech Scholarship Corporation).
Sep. 2018	Established F-Tech Automotive Components Private Ltd., in Gurugram, India, to increase sales to OEMs.
Nov. 2020	Jointly invested with Vee Gee Industrial Enterprises Pvt. Ltd. in Vee Gee Auto Components Pvt. Ltd. located in Gujarat, India, for the purpose of manufacturing and selling auto parts.
Mar. 2021	Formed an alliance with Toyota Motor Corp. and started business transactions involving the delivery of auto parts.
Apr. 2022	Moved to the Prime Market of the Tokyo Stock Exchange due to the TSE's reorganization.
May 2022	Acquired the stock shares held by Sumitomo Corporation in India Steel Summit Private Limited based in Uttar Pradesh, India, turning the company into a subsidiary for the purpose of processing steel and manufacturing stamped parts and dies.
Apr. 2023	Established F-Tech North America Inc in Michigan, U.S.A., to conduct sales activities in the North American region.
Oct. 2023	Moved to the Tokyo Stock Exchange Standard Market