Fukoku Co., Ltd.
Company Profile
■URL
https://www.fukoku-rubber.co.jp/en/
■Address
Business Overview
-The Company is a manufacturer of industrial rubber products, including various types of wiper-blade rubber, seals, and anti-vibration rubber products for automotive applications.
-The Company has 50% of the OEM market share worldwide, according to the Company’s own market research.
-Recently, the Company has been expanding its operations in major world markets, in addition to reorganizing business operations and management, and strengthening its product-development capabilities.
Business Performance Highlights
-The Company’s financial results for the fiscal year that ended in March 2023 are as follows.
Consolidated sales: JPY 82,318 million (15.1% increase year-over-year)
Operating income: JPY 2,010 million (14.9% increase year-over-year)
Ordinary income: JPY 3,139 million (24.4% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 2,135 million (2.4% increase year-over-year)
Shareholders
| -From April 2022, moved to the Prime Market of the Tokyo Stock Exchange. | (As of Mar. 31, 2023) |
| Name or Company Name | Investment Ratio (%) |
| KAWAMOTO CMK | 12.6 |
| J KAWAMOTO | 10.0 |
| The Master Trust Bank of Japan, Ltd. | 7.3 |
| Customer Shareholding Association | 6.0 |
| Individual Shareholder | 4.4 |
| Custody Bank of Japan, Ltd. | 4.4 |
| MW Holdings | 3.8 |
| Individual Shareholder | 3.2 |
| Individual Shareholder | 3.2 |
| Employees Stockholding | 2.6 |
| Total | 57.9 |
Products
Wiper-blade rubber
Seals
Diaphragms
Piston seals
Radiator gaskets
Duty valves
Resin boots for CVJ
Pin boots
Anti vibration products
Rubber dampers
Viscous dampers
Torque rods
Air suspensions
V-rods
Door couplings
Crankshaft dampers
Window regulator couplings
Isolation pulleys
Isolation pulleys
Pulley dampers
Bushings
Clutch couplings
Ultrasonic motors
Battery hold sheet
History
| Dec. 1953 | Established the Company as Fukoku Rubber Industry (Headquarters in Nakano-ku, Tokyo and a plant in Arakawa-ku, Tokyo) to manufacture and sell industrial rubber products. |
| Apr. 1956 | Succeeded in development of wiper blade technology and started production. |
| Sep. 1967 | Ageo Plant was constructed and operations started. |
| Jan. 1970 | Succeeded in development of engine mounts and started production. |
| Jan. 1973 | Acquired Taiyo Rubber Co., Ltd. (in Tokorozawa, Saitama) and named it the Tokorozawa Plant. |
| Aug. 1980 | Gunma Plant was constructed and operations started. |
| Aug. 1980 | Moved headquarters to its current location (Ageo, Saitama). |
| Jan. 1983 | Established Thai Fukoku Co., Ltd. in Bangkok, Thailand and started local production. |
| Jan. 1986 | Changed the name of the company to Fukoku Co., Ltd. |
| Apr. 1986 | Built Chubu Works (currently the Aichi Plant) in Takahama, Aichi and started operation |
| May 1987 | Established Korean Fukoku Co., Ltd. in Anzan, Korea and started local production |
| Apr. 1990 | Acquired Fukoku Seiki Co., Ltd. (Tokorozawa, Saitama) and named it Tokorozawa Plant |
| May 1990 | Built the Gunma Second Plant in Gunma and started operation |
| Aug. 1993 | Closed the Tokorozawa Plant and moved the die manufacturing division to the Gunma Second Plant |
| Oct. 1994 | Listed on the Japan Securities Association's over-the-counter market. |
| Nov. 1994 | Established a subsidiary, Vermillion Rubber Technology Inc. in Illinois, USA |
| Dec. 1995 | Established a joint venture, Siam Fukoku Inc. in Thailand |
| Feb. 1996 | Invested in Tokyo Rubber Works Co., Ltd. |
| Nov. 1997 | Invested in Polymer Giken Kogyo Co., Ltd. |
| Dec. 1997 | Established a subsidiary, Fukoku Indonesia Inc. in Indonesia |
| Jun. 1998 | Opened the Fujisawa Sales Office |
| Dec. 1998 | Korean Fukoku, a subsidiary, merged with Simpson Inc. in Korea and became Korean Fukoku Simpson Inc. |
| Jan. 2001 | Established Shanghai Fukoku Rubber & Plastic Industry Co., Ltd. in Shanghai, China as a joint venture. |
| May 2001 | Established Fukoku America Inc. in South Carolina, U.S.A. as a holding company. At the same time established Fukoku South Carolina Inc. as the company's second manufacturing company in U.S.A. |
| Apr. 2002 | Established Fukoku Trading (Shanghai) in Shanghai, China |
| May 2002 | Established Bu Won Industrial Co., Ltd. in Chongwon, Chungcheongbuk-do, Korea. |
| May 2003 | Changed the business classification of its subsidiary, Fukoku Trading (Shanghai), from a trading company to a rubber processing company and at the same time changed the name to Fukoku Rubber &Plastics (Shanghai) Co., Ltd. |
| Jul. 2003 | Established Dongguan Fukoku Rubber Co., Ltd. in Dongguan, China. |
| Mar. 2004 | Listed on the second section of the Tokyo Stock Exchange. |
| May 2004 | Tokai Rubber Industries. Ltd. purchased a stake in the Company's subsidiary, PT. Fukoku Rubber Indonesia and turned into a subsidiary, PT. Fukoku Tokai Rubber Indonesia. |
| May 2004 | The Company's subsidiary, Fukoku Simpson Korea Ltd. established Qingdao Fukoku Korea Auto Fittings Co., Ltd. in Qingdao, China. |
| Jul. 2004 | Metaldyne withdrew its capital from the Company's subsidiary, Fukoku Simpson Korea Ltd. , thus the subsidiary became Fukoku Korea Ltd.. |
| Dec. 2004 | Liquidated its subsidiary, Vermillion Rubber Technology Inc. in Illinois, USA. |
| Dec. 2004 | Established CF Fukoku Luxembourg S.A., a joint venture with CG Gomma. |
| Mar. 2004 | Listed on the first section of the Tokyo Stock Exchange. |
| Jun. 2005 | Relocated its head office to the Chuo-ku, Saitama-city. |
| Sep. 2005 | Established C.F.A.Gomma Co., Ltd., a joint venture, in Guiyang, China |
| Jan. 2006 | Local subsidiaries in the USA, Fukoku South Carolina, Inc., and Fukoku America Inc. were integrated into Fukoku America, Inc. |
| Jun. 2008 | Merged its subsidiaries in Korea, Fukoku Korea Co., Ltd. and Tomihara Sangyo Co., Ltd. into one company. A surviving company is Fukoku Korea Co., Ltd. |
| Apr. 2010 | Established Tomihara Tech Co., Ltd. in Ansan City, South Korea, as a subsidiary of Fukoku Korea Co., Ltd. |
| Oct. 2010 | Established Fukoku India Private Limited in Maharashtra, India. |
| Nov. 2010 | Thai Fukoku Co., Ltd. established Thai Fukoku Pana Foundry Co., Ltd. in Sumutprakan, Thailand as an affiliated company. |
| Dec. 2010 | CF Fukoku Luxembourg S.A sold off all the shares of stock it held in C.F.A. Gomma Co., Ltd. |
| Jan. 2011 | Established Nanjing Fukoku BLF Rubber Co., Ltd. in Nanjing, China. |
| Mar. 2011 | Established Fukoku Vietnam Co., Ltd. in Hanoi, Vietnam. |
| Jun. 2011 | Moved its headquarters to Ageo City, Saitama Prefecture. |
| Dec. 2011 | Established PT. Trim Rubber Co., Ltd. in Indonesia as a subsidiary of Tokyo Rubber Manufacturing Co., Ltd. |
| Nov. 2012 | Turned Thai Fukoku Pana Foundry Co., Ltd., located in Samutprakarn, Thailand, into a subsidiary. |
| Apr. 2014 | Established Fukoku Czech s.r.o., in Ústí nad Labem Region. |
| Jul. 2014 | Established Fukoku Mexicana, S.A DE C.V. in Guanajuato, Mexico. |
| Mar. 2016 | Liquidated Polymer Giken Co., Ltd., which was a subsidiary in Japan. |
| Apr. 2022 | Listed on the Prime Market of the Tokyo Stock Exchange. |
| Nov. 2022 | Liquidation Fukoku Czech s.r.o. |
Supplemental Information 1
>>>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 Business report
>>>IR information of Fukoku Co., Ltd.
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)
Note: A figure in brackets ( ) indicates a loss