F-TECH Inc.

Company Profile

■URL

http://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.

-Major achievements have been made in automotive technology in recent years, including the development of electric vehicles (EV) and fuel cell vehicles (FCV), also with the progression on electronic IT-linked automobiles. In this environment, the Company aims to become the No.1 "Global Chassis System manufacturer".

-A member of the Honda Motor group. The percentage of sales to Honda out of total sales in the fiscal year that ended in March 2017 was 76.4%. In planning to increase sales to GM, it forecasts that sales to GM will account for more than 12% of total sales in the fiscal year ending in March 2018.

>>>Sales Ratio by Main Customer

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2017)
Name or Company Name Investment Ratio (%)
Honda Motor Co., Ltd. 15.22
Japan Trustee Services Bank, Ltd. (Trust Account) 5.33
Individual shareholder 5.32
F-Tech Scholarship Foundation 4.77
Saitama Resona Bank, Ltd. 3.66
Chase Manhattan Bank GTS Clients Account Escrow 3.22
Sumitomo Corporation 2.97
The Master Trust Bank of Japan, Ltd. 2.15
Individual shareholder 2.15
Mizuho Bank, Ltd. 2.15
Total 46.93

Products

Pedals
-Adjustable pedals
-Brake pedals
-Clutch pedals
-Accelerator pedals
-Organ-type accelerator pedals
-Foot-controlled parking brakes
-Pedal modules

Sub-frames
-Front sub-frames
-Rear sub-frames
-Sub-frame modules
-Under load path

Suspension Modules
-Front suspension members
-Front suspension modules
-Rear axle beams
-Rear suspension modules

Suspension Arms
-Front lower arms
-Rear upper arms
-Rear lower arms
-Link arms
-Trailing arms

Chassis Systems

Aluminum Die-Casting
-Power train parts
-EV parts

Plastic Components
-Pedal parts

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.

Supplemental Information 1