FALTEC Co., Ltd.
Company Profile
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Business Overview
ｰAs a subsidiary of TPR, the Company designs, develops, manufactures, and sells automotive plastic trim/embellishment exterior parts, molding, roof rails, electric parts, and genuine company parts.
-The Company operates in the following three business segments.
- Automotive exterior parts: Factory-installed parts that are either made of plastic or metal such as plastic exterior parts and metal molding.
- After-market products: Genuine company-made products sold by auto dealers, such as exterior parts, electrical products, metal products, and chemicals.
- Automotive devices: Inspection and maintenance devices used by OEMs and maintenance companies; and facilities and devices used in manufacturing.
Business Highlights
-The Company’s financial results for the fiscal year that ended in March 2020 are as follows.
Consolidated sales: JPY 85,312 million (5.9% decrease year-over-year)
Operating income: JPY 2,159 million (4.9% increase year-over-year)
Ordinary income: JPY 2,101 million (5.5% decrease year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 1,794 million (72.7% increase year-over-year).
Shareholders
| -Listed on the first section of the Tokyo Stock Exchange. | (As of Mar. 31, 2020) |
| Name | Investment ratio (%) |
| TPR | 55.52 |
| Guangdong TGPM Automotive Industry Group Co., Ltd. | 4.74 |
| SRG Global, Inc. | 4.03 |
| JCU CORPORATION | 1.92 |
| The Master Trust Bank of Japan, Ltd. (Trust Account) | 1.05 |
| Japan Trustee Services Bank, Ltd. (Trust Account 5) | 0.76 |
| Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. | 0.54 |
| Individual shareholder | 0.44 |
| Japan Trustee Services Bank, Ltd. (Trust Account) | 0.44 |
| Credit Suisse Securities (Japan) Ltd. | 0.40 |
| Total | 69.84 |
Products
Plastic Exteriors
-Radiator grilles
-Front bumper grilles
-Bumpers
-Rear spoilers
-Aero parts
-Mudguards
-Center mudguard trims
-EV charge port covers
-Wheel covers
-Millimeter wave radar covers
Metal Products
-Roof rails
-Window sashes
-Guide rails
Moldings
-Windshield moldings
-Back window moldings
-Side window moldings
-Roof moldings
-Stainless steel moldings
-Door sash moldings
Electrical & Electronic & Components
-Daytime running lamps
-Ambient lighting systems
-Fog lamps
-Kicking plates with LED
-Stylish turn signal lamps
-Rear view cameras
-Remote engine starters
Textiles
-Floor mats
Rubber Seal parts
-O shaped rings
-Various seal rings
History
| Feb. 1937 | Nissan Auto Sales Co., Ltd., the predecessor of Altia Co., Ltd. was established. |
| Apr. 1939 | Hashimoto Iron Works Inc., the predecessor of Hashimoto Forming Industry Co., Ltd. was established. |
| Apr. 2004 | Altia Co., Ltd. and Hashimoto Forming Industry Co., Ltd. merged to form Altia Hashimoto Co., Ltd. |
| Feb. 2005 | Altia Co., Ltd. and Hashimoto Forming Industry Co., Ltd. merged to form Altia Hashimoto Co., Ltd. |
| Aug. 2005 | The Company moved its headquarters to Kawasaki City, Kanagawa Prefecture. |
| Oct. 2007 | Altia Hashimoto Co., Ltd. absorbed Orion Techno Co., Ltd. to form Altia Co., Ltd. |
| Oct. 2007 | FALTEC Co., Ltd. absorbed the automobile parts / accessories business of Altia Hashimoto and became a holding company that manufactures and sells automotive components. |
| Nov. 2007 | The Company's stock was delisted from the second section of the Tokyo Stock Exchange. |
| Apr. 2012 | Became a subsidiary of TPR Co., Ltd. |
| Aug. 2012 | SRG Global Inc. invested in Faltec SRG Global (Thailand) Co., Ltd., acquiring 20% ownership. |
| Mar. 2013 | The Company was relisted on the second section of the Tokyo Stock Exchange. |
| May 2014 | Acquired the automotive and motorcycle electronic parts business from Mitsubishi Cable Industries, Ltd. |
| Dec. 2014 | Designated as a stock under the first section of Tokyo Stock Exchange. |
| Dec. 2017 | Established Kitakyushu Faltec, the plating process company for automotive components. |