Futaba Industrial Co., Ltd.

Company Profile

■URL

http://www.futabasangyo.com

■Address

1 Ochaya, Hashime-cho, Okazaki-shi, Aichi-ken, 444-8558, Japan

Business Overview

-The Company is a major manufacturer of automotive stamped parts, with a high-level of expertise in stamping and welding technology.

Products
  • The Company manufactures automotive parts in the following business segments: exhaust, body/interior, fuel, and suspension.
  • Sales of exhaust, fuel, body, and interior parts accounted for 80% of sales in the fiscal year that ended in March 2022.
Major Customers
  • Sales to the Toyota Group accounted for 71.3% of the Company’s total sales in the fiscal year that ended in March 2022.







 

R&D Activities

  • Body parts: Launched production of 1180MPa grade sheet steel through a new production method of hot and cold stamping to reduce product weight and improve safety during collisions. It is also in the process of developing a method to form high-tension sheet steel that is a grade of 1470MPa. 
  • Electric vehicles: In order to improve fuel efficiency of HVs and PHVs, the Company is developing new technology on compact and high-performance mufflers that reduce weight and increase battery space. In responding to vehicle electrification, it is planning and developing new products based on collaborations with material makers and affiliated companies.

 

Mid-term Management Plan
-The Company announced a three-year medium-term management policy. While it has not set any sales or profit targets, it aims to accelerate growth investment while maintaining the operating profit margin of 3.5% that had been set in the previous plan.(From an article in the Nikkan Jidosha Shimbun on May 21, 2021)

Shareholders

-Moved from the First Section of the Tokyo Stock Exchange to the Prime Market, and from the First Section of the Nagoya Stock Exchange to the Premium Market. (As of Mar. 31, 2022)
Name or Company Name Investment Ratio (%)
Toyota Motor Corp. 31.39
The Master Trust Bank of Japan, Ltd. (Trust Account) 9.92
Custody Bank of Japan, Ltd. (Trust Account) 4.55
Sumitomo Mitsui Banking Corp. 3.42
Futaba Cooperative Shareholding Association 3.41
Mizuho Trust & Banking Co., Ltd.; Retirement Benefit Trust; Mizuho Bank Re-trust Trustee Co., Ltd.; Custody Bank of Japan, Ltd. 3.25
Employees Stockholding 1.48
The Bank of Tokyo-Mitsubishi UFJ, Ltd. 1.44
Sumitomo Mitsui Trust Bank 1.29
BNP PARIBAS SECURITIES SERVICES LUXEMBOURG/JASDEC/ACCT BP2S DUBLIN CLIENTS-AIFM 1.27
Total 61.47

Products

Exhaust system parts
-Exhaust systems
-Exhaust manifolds

Environment system parts
-Exhaust heat recovery device
-Diesel exhaust gas post-treatment device

Body parts and interior parts
-Body frame part
-Instrument panel reinforcement

Suspension parts
-Front suspension sub-frame
-Trailing arm
-Rear axle beam
-Engine undercover

Fuel system parts
-Fuel inlet pipe
-Canister

History

Mar. 1935 Established Kanto Heavy Industrial Co., Ltd. in Tokyo for the production and sales of munitions, parts for automobiles and aircraft, and metal containers.
Feb. 1946 Changed the Company name to Futaba Industrial Co., Ltd. and started to produce fishing net machines and furniture made from pipes in Naka-Machi, Okazaki City, Aichi Pref.
May 1948 Started production of automotive parts and welding machines.
May 1957 Established Nagoya Plant.
Sep. 1959

Established Midori Plant in conjunction with its expansion of automotive parts production.

Oct. 1966 Shifted headquarters and Okazaki Plant to present location and expanded business operations.
Nov. 1968 Listed on the Second Section of the Nagoya Stock Exchange.
May. 1969 Built Anjo Plant as a special plant for automotive mufflers.
June 1971 Built Mutsumi Plant as a designated plant to produce for office equipment components.
Mar. 1980 Built Tabara Plant in conjunction with the expansion of automotive parts production.
Dec. 1980 Listed on the Second Section of the Tokyo Stock Exchange.
Sep. 1986 Listed on the First Section of both the Tokyo and Nagoya Stock Exchanges.
Apr. 1991 The Company established Futaba Imari Co., Ltd. in Saga Prefecture.
May. 1993 Built Kouda Plant to specialize in producing automotive mufflers.
Sep. 1993 Closed Anjo Plant.
Nov. 1994 Established FIC America Corporation in Illinois, US. (currently a consolidated subsidiary)
Mar. 1997 Finished building the headquarters building.
Feb. 2000 Established Futaba Hiraizumi in Iwate Prefecture.
Dec. 2000 Futaba Industrial Co., Ltd. announced the conclusion of a joint business agreement with US Tenneco Automotive in the UK. The business was established in December with capital investment of 51% by Futaba and 49% by Tenneco.
Oct. 2001 Established Futaba Indiana of America Corporation (currently a consolidated subsidiary) in Indiana, USA.
Feb. 2002 Established Tian Jin Shuang Mechanical Industrial Company (currently a consolidated subsidiary) in Tian Jin City, China.
Mar. 2002 Established FIO Automotive Canada Corporation (currently a consolidated subsidiary) in Ontario, Canada.
Dec. 2002 Established Futaba Czech S.R.O (currently a consolidated subsidiary) in the Czech republic.
Jan. 2004 Established Tian jin shuang mechanical industrial (currently a consolidated subsidiary) in Tianjin Development Area in China.
Mar. 2004 Acquired Ryowa Sheet and Metal Processing Co. Ltd. (currently a consolidated subsidiary) located in Chiryu-shi, Aichi prefecture.
Apr. 2004 Changed the name of Ryowa Sheet and Metal Processing Co. Ltd. to Futaba Chiryu Corp.
Oct. 2004 Established Guangzhou Futaba Auto Parts Co., Ltd. in Guangzhou, China (a consolidated subsidiary).
Nov. 2004 Closed down the Nagoya plant.
Dec. 2004 Established Futaba Industrial UK Ltd. in Derbyshire, UK (a consolidated subsidiary).
Feb. 2005 Established Futaba Industrial Texas Corp. in Texas, USA (a consolidated subsidiary).
Aug. 2005 Established Dongguan Futaba Metal Products Co., Ltd. in Dongguan, China., which is currently a consolidated subsidiary.
Apr. 2006 Merged and absorbed Futaba Chiryu Corp., reorganizing it as its Chiryu plant.
Dec. 2007 Established FMI Automotive Components Ltd. in India
Dec. 2011 Established a consolidated subsidiary, PT. Futaba Industrial Indonesia, in Bekasi Regency, Indonesia.
Jan. 2012 Established Changsha Futaba Auto Parts Co., Ltd., a consolidated subsidiary, in Hunan Province, China.
Apr. 2012 Changed the name of Futaba Imari Co, Ltd. to Futaba Kyushu, Co., Ltd., currently a consolidated subsidiary. 
Dec. 2012 Established Chongqing Futaba Automotive Parts Co., Ltd., currently a consolidated subsidiary, in Chongqing, China.
Apr. 2016 Futaba Kyushu Co., Ltd. (a consolidated subsidiary) moved its headquarters to Nogata City, Fukuoka Prefecture.
Feb. 2017 Increased the allocation of third-party stock shares, raising total capital to JPY 16,820 million.
Feb. 2017 Established Futaba Industrial Gujarat Private Limited (currently a consolidated subsidiary).
Mar. 2018 Sold Chongqing Futaba Automotive Parts Co., Ltd., subsidiary in China.
Jan. 2019 Futaba Manufacturing UK Ltd. and Futaba Industrial UK Ltd. merged their operations.
Jul. 2020 Established Futaba (Tianjin) Co., Ltd. in the Tianjin, China Development Zone. (Currently a consolidated subsidiary).
Jun. 2021 Sold Futaba Motor Products (Shenzhen) Co., Ltd.
Dec. 2021 Liquidated Futaba Changzhou Engineering & Marketing Co., Ltd.

Supplemental Information 1