FUJI OOZX Inc.
Company Profile
Business Overview
-An engine valve manufacturer of the Daido Steel Group. 40% domestic market share (according to company survey)
Financial Overview
-The Company’s financial results for the fiscal year that ended in March 2024 are as follows.
Consolidated sales: JPY 23,382 million (8.2% increase year-over-year)
Operating income: JPY 1,627 million (87.2% increase year-over-year)
Ordinary income: JPY 1,928 million (83.4% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 1,931 million (224.6% increase year-over-year)
Outlook
-For the fiscal year ending March 31, 2025, the company forecasts consolidated net sales of JPY 26,500 million, operating income of JPY 2,550 million, ordinary income of JPY 2,390 million, and net income attributable to the parent company of JPY 1,580 million. (Announced in May 2024)
Shareholders
-Listed on the Standard Market of the Tokyo Stock Exchange. | (As of Mar. 31, 2024) |
Name or Company Name | Investment Ratio (%) |
Daido Steel Co., Ltd. | 45.86 |
Daido Kogyo Co., Ltd. | 5.27 |
J and S Insurance Service Co., Ltd. | 3.18 |
Resona Bank, Ltd. | 3.12 |
GOLDMAN SACHS INTERNATIONA (常任代理人:ゴールドマン・サックス証券株式会社) | 1.88 |
Employee Stock Ownership Plan | 1.25 |
Nakane Seiko Co.,Ltd. | 1.10 |
JPMorgan Securities Japan Co., Ltd. | 0.96 |
BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE (Standing proxy: MUFG Bank, Ltd.) | 0.93 |
SBI Securities Co., Ltd. | 0.91 |
Total | 64.50 |
Products
-Engine valves
-Titanium valves
-Hollow valves
-Retainers
-Valve seats
-Cotters; valve locks
-Valve rotators
History
Dec. 1951 | Established Sonoike Valve Inc. in Shinagawa-ku, Tokyo to manufacture and sell engine valves. |
Jun. 1952 | Completed construction of a plant in Ota-ku, Tokyo and began operations. |
Jun. 1952 | Changed the name of the Company to Fuji Valve Inc. |
Jul. 1953 | Daido steel Co., Ltd. invested in the Company. |
Oct. 1965 | Completed construction of the Fujisawa Plant. |
Sep. 1970 | Moved main plant to Fujisawa. |
Jan. 1972 | Acquired capital in Shin Han Valve Ind. Co., Ltd. of Korea, an affiliate accounted for under the equity method. |
Jan. 1979 | Acquired capital in Wuchou Valve Industry Co., Ltd. of Taiwan, an affiliate accounted for under the equity method. |
Jul. 1979 | Established Fuji Serina Valve, an affiliate accounted for under the equity method, in Thailand, jointly with TRW Inc. of the U.S. and Seri Wathana ROP of Thailand. |
Jun. 1988 | Established TRW Fuji Valve Inc., an affiliate accounted for under the equity method, in the U.S. jointly with TRW Inc. of the U.S. |
Dec. 1989 | Shizuoka Plant has been completed. |
Jun. 1992 | Relocated the headquarters to Fujisawa City, Kanagawa Prefecture. |
Dec. 1992 | Changed the company name to Fuji OOZX Inc. from Fuji Valve Inc. |
Jan. 1994 | Established a wholly owned consolidated subsidiary, OOZX USA Inc. |
Dec. 1994 | Listed on the 2nd section of the Tokyo Stock Exchange. |
Apr. 1997 | OOZX USA Inc., the Company's wholly owned subsidiary in the U.S., launched production of aluminum tappets to be supplied to Ford, Jaguar and others. |
Oct. 1998 | Established a wholly owned consolidated subsidiary, Fuji Techno. |
Sep. 1999 | Fujisawa Plant obtained ISO9001/QS-9000 certification. |
May. 2000 | Shizuoka Plant obtained ISO9001/QS-9000 certification. |
Jul. 2001 | Fujisawa Plant and Shizuoka Plant obtained ISO14001 certification. |
Jul. 2003 | Relocated headquarters to Kikukawa City, Shizuoka Prefecture. |
Oct. 2006 | Acquired capital in Shinhan Beijing Automobile Parts System Co., an affiliate accounted for under the equity method. |
Aug. 2009 | Transferred all shares in Wuchou Valve Industry Co., Ltd. in Taiwan to local shareholders. (Wuchou Valve was an affiliate company accounted for under the equity method of accounting.) |
Aug. 2010 | Established Fuji Valve (Guangdong) Corporation in Guangdong Province, China through a joint investment with TRW of the U.S.A. and Shin Han Valve Ind. Co., Ltd. of Korea. (this company is a consolidated subsidiary of the Company) |
May. 2011 | Liquidated OOZX USA Inc., which was a consolidated subsidiary. |
Oct. 2011 | Commenced delivery of engine valves to Dongfeng Nissan, through Fuji Valve (Guangdong) Corporation. |
Sep. 2013 | Established PT. FUJI OOZX INDOSIA with its joint venture partner PT. Prospect Motor in Indonesia. |
Aug. 2014 | Established JV FUJI OOZX MEXICO, S.A. DE C.V. (Consolidated subsidiary) with Daido Kogyo, Inc. |
Jun. 2015 | Announced dissolving its business alliance with TRW Group. |
Feb. 2016 | Established Fuji Hollow Valves, Inc. in Kikugawa City, Shizuoka Pref., Japan. |
May. 2016 | Formed a business alliance with Mitsubishi Heavy Industries Machine Tool Co., Ltd. |
Aug. 2016 | Sold all shares held in Shin Han Valve Ind. Co., Ltd. (Korea) |
Nov. 2016 | Sold all shares held in Shin Han Beijing Automobile Parts System Co. (China). |
Nov. 2018 | Shizuoka plant and FUJI HOLLOW VALVE INC,.have acquired the IATF16949. |
Mar. 2021 | Fuji Hollow Valve Inc., a joint venture with Mitsubishi Heavy Industries Machine Tool Co., Ltd. (Mitsubishi Heavy Industries Machine Tool), was resolved. |
Apr. 2022 | Moved to the Standard Market of the Tokyo Stock Exchange from the First Section due to the TSE's reorganization. |
Supplemental Information 1
>>>Business Report FY ended Mar. 31, 2007
>>>Business Report FY ended Mar. 31, 2008
>>>Business Report FY ended Mar. 31, 2009
>>>Business Report FY ended Mar. 31, 2010
>>>Business Report FY ended Mar. 31, 2011
>>>Business Report FY ended Mar. 31, 2012
>>>Business Report FY ended Mar. 31, 2013
>>>Business Report FY ended Mar. 31, 2014
>>>Business Report FY ended Mar. 31, 2015