Futaba Industrial Co., Ltd.

Company Profile

■URL

https://www.futabasangyo.com/en/

■Address

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

Business Overview

-Major manufacture of automotive stamped parts. Manufactures parts for the following: exhaust and fuel systems, auto bodies, interior products, undercarriage.

-Toyota, the major customer, accounted for 81.2% of sales in the fiscal year that ended in March 2024.

Shareholders

-Listed on the Prime Market of the Tokyo Stock Exchange and the Premium Market of the Nagoya Stock Exchange.

(As of Mar. 31, 2024)

Name or Company Name	Investment Ratio (%)
Toyota Motor Corp.	31.42
The Master Trust Bank of Japan, Ltd. (Trust Account)	8.74
Futaba Cooperative Shareholding Association	3.97
Sumitomo Mitsui Banking Corp.	3.42
Mizuho Trust & Banking Co., Ltd.; Retirement Benefit Trust; Mizuho Bank Re-trust Trustee Co., Ltd.; Custody Bank of Japan, Ltd.	3.26
Custody Bank of Japan, Ltd. (Trust Account)	2.57
Employees Stockholding	1.51
The Bank of Tokyo-Mitsubishi UFJ, Ltd.	1.44
STATE STREET BANK AND TRUST COMPANY 505223 (Standing proxy Mizuho Bank, Ltd. Yen Settlement Sales Section)	1.41
DFA INTL SMALL CAP VALUE PORTFOLIO (Standing proxy Citibank N.A. Tokyo Branch)	1.29
Total	59.08

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Products

Body parts and interior parts
-Body frame part
-Front pillar upper outer
-Front pillar lower outer
-Cowl assembly
-Wheel house inner/outer subassembly
-Rear floor side member subassembly

Interior parts
-Instrument panel reinforcement

Exhaust system parts
-Exhaust systems
-Exhaust manifolds
-Diesel exhaust gas post-treatment device

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

Fuel system parts
-Canister
-Fuel inlet pipe

Environment system parts
-Exhaust heat recovery device

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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.
Apr. 2022	Moved to the Tokyo Stock Exchange Prime Market and the Nagoya Stock Exchange Premium Market
Mar. 2024	Withdrew from the Information Device Business