Fukoku Co., Ltd.

Company Profile

■URL

http://www.fukoku-rubber.co.jp/english/index.html

■Address

3-105 Sugaya, Ageo-shi, Saitama-ken, 362-8561, Japan

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.

-In Japan for OE market, the Company is the overwhelming market leader in wiper blades and door couplings for power windows.

-In recent years, the Company has been expanding its operations in Eastern Europe and Central America. It is working on reorganizing its business and management structure globally to enhance its operations based in Asia and the ASEAN market. It is also aiming to strengthen its operating base in Japan with the Fukoku Revival Plan (FRP).

Financial Highlights

-In FY ended March 2016, consolidated sales were JPY 72,216 million (a 3.1% increase on a year-over-year (y/y) basis), operating income was JPY 3,229 million (a 6.5% decrease y/y), ordinary income was JPY 3,370 million (a 18.1% decrease y/y), and net income attributable to owners of the parent was JPY 1,968 million (a 29.4% decrease y/y).

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2016)
Name or Company Name Investment Ratio (%)
J KAWAMOTO 14.34
KAWAMOTO CMK 12.32
Individual Shareholder 7.62
Japan Trustee Service Bank, Ltd. 6.66
Customer Shareholding Association  4.57
Employees Stockholding 2.94
Individual Shareholder 2.93
Individual Shareholder 2.93
Mizuho Bank, Ltd. 1.77
The Master Trust Bank of Japan, Ltd. 1.15
Total 57.29

Products

Wiper-blade rubber

Seals
Diaphragms
Piston seals
Radiator gaskets
Duty valves
Resin boots for CVJ

Anti vibration products
Rubber dampers
Viscous dampers
Pulley dampers
Isolation pulley dampers
Torque rods
Air suspensions
V-rods
Bushes
Door couplings

Ultrasonic motors

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.
July, 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.
July, 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.
June, 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. 
June, 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.

Supplemental Information 1