Fuji Kiko Co., Ltd.

Company Profile

■URL

http://www.fujikiko-group.com/index_e.php

■Address

3131 Washizu Kosai-shi Shizuoka-ken, 431-0431, Japan

Business Overview

-A manufacturer of steering columns, shifters and so on. The Company is engaged in the following two businesses:

  • Steering column business: Steering columns, intermediate shafts
  • Powertrain business: Automatic transmission shifters, manual transmission shifters, pulleys, drive plates, locker valves for trucks, U-volts for trucks, acceleration pedals, semi-conductor automatic testing devices, heat-resistance measuring devices.

 

JTEKT Acquires Company’s Stock Shares

-In May 2017, JTEKT and Tachi-S came to an agreement for Tachi-S to acquire the seat business of the Company and for JTEKT to acquire the stock shares of the Company through a takeover bid (TOB) to turn the Company into a wholly owned subsidiary. The purpose is to strengthen their respective businesses in the steering-systems business (JTEKT) and the seat business (Tachi-S). In May 2017, TF-Metal Co. Ltd. was established as a new company, with Tachi-S acquiring the stock shares in TF-Metal after the transfer of the seat business was completed. In order for JTEKT, the major stockholder in the Company with 33.4% of the shares, to turn the Company into a wholly owned subsidiary, it announced that it would conduct a public tender and Tachi-S made a bid for all of the shares held. In January 2018, the Company became a wholly owned subsidiary through the public tender by JTEKT.

Shareholders

-Unlisted company

Products

Steering columns
-Motorized tilt & telescopic steering columns
-Rake tilt & telescopic steering columns for EPS
-Rake tilt & telescopic steering columns

Shifters
-Standard type manual mode A/T shifters
-Standard type straight A/T shifters

Organization drive parts
-Rolled forming idler pulleys
-2 piece drive plates

History

Nov. 1944 Fuji Kiko was originally established under the name Fuji Heiki Co., Ltd. (location at Washizu Factory of Fuji Textile & Spinning Co., Ltd.) with 15 million yen in initial capital to manufacture artillery shells for the Toyokawa Naval Plant.
Oct. 1945 Changed the name of company to Fuji Kiko Co., Ltd., and also changed its business to the manufacture, process, repair, and sales of machinery and equipment for the textile industry. (Gradually shifted to automotive parts to meet market demand.)
Apr. 1954 Started business with Nissan by producing automotive parts.
Mar. 1966 Listed on the Second Section of Tokyo Stock Exchange.
Nov. 1977 Constructed the Arai Plant in Hamana-gun, Shizuoka Pref., launching operations.
Jul. 1985 Establshed Kyushu Fuji Kiko Co., Ltd. as a subsidiary.
May 1986 Establshed Wakaizumi Fuji Kiko Co., Ltd. as a subsidiary.
Oct. 1986 Spun off the Sakuma Plant and Shinshiro Plant, establishing Sakuma Fuji Kiko Co., Ltd. and Higashi Mikawa Fuji Kiko Co., Ltd., respectively, as subsidiaries.
Dec. 1989 Established Douglas Autotech Corporation (U.S.A) as a joint venture with FFV Autotech AB (Sweden).
Jan. 1993 Acquired all shares of Fuji Autotech AB (Sweden) from Celsius Invest AB, making the company a subsidiary.
Mar. 1996 Established PT Autotech Indonesia (Indonesia) with PT Indomobile Investment (Indonesia) and Marubeni Automotive Sales Co., Ltd.
Sep. 1996 Listed on the First Section of the Tokyo Stock Exchange
Aug. 1999 Business and capital tie-up with Tachi-S Co., Ltd. (headquarters in Akishima City, Tokyo) 
Jul. 2000 Established a subsidiary, Fuji Kiko of USA Corporation (FKU)
Oct. 2000 Sakuma Fuji Kiko Co., Ltd. merged FA Co., Ltd. The company name became FA Co., Ltd.
May 2001 Agreed on business tie-up with Koyo Seiko Co., Ltd. (currently JTEKT Corp.) in the area of steering columns. Koyo Seiko acquired 23.71% of Fuji Kiko shares.
Oct. 2002 Established a joint-venture company Fuji Koyo Czech s.r.o. (in the Czech Republic, with Fuji Kiko holding 66.60% of shares) with Koyo Steering Europe S.A.S. (of France, a fully owned subsidiary of Koyo Seiko Co., Ltd.).
Mar. 2004 Established Fuji Autotech USA LLC (FKU holds 66.00%) jointly with FKU and Tachi-S Engineering USA Inc. (Tachi-S's fully owned subsidiary in USA).
Jul. 2004 Acquired shares in Faurecia Systems (which it then converted to Fuji Autotech France S.A.S.), which was a subsidiary of Faurecia S.A. (France) . Its home office and development/manufacturing facility is located in France (Beaulieu). Faurecia Systems became one of the Company's subsidiaries when the Company ended up acquiring 79% of the shares capital).
Jan. 2005 Established Fuji Autotech Guangzhou Co., Ltd. (China), contributing 51% of the capital.
Apr. 2005 Established Fujikiko Kurata Corporatio, contributing 80% of the capital.
Mar. 2006 The Company shifted the function of its French based subsidiary, Fuji Autotech Europe S.A.A. (referred to FAS) to its European headquarters. It will also integrate its European production facilities, aiming to expand its business activities. The following business transactions were conducted:
1. The Company transferred its equity in Fuji Koyo Czech s.r.o and Fuji Autotech France to FAE.
2. Sona Koyo Steering Systems Ltd. (currently JTEKT India Ltd.) also transferred its equity in Fuji Autotech France to FAE.
3. FAE allocated share capital to the Company and Sona Koyo Steering Systems Ltd. in the amount equivalent to what these two companies transferred. FAE became a holding company of Fuji Koyo Czech s.r.o. and Autotech France S.A.S. (The Company owned a 84.13% share).
Aug. 2006 Established a subsidiary, Summit Fujikiko Kurata Manufacturing Co., Ltd. (Thailand), contributing 51% of the capital.
July, 2007 The Company made Guanhzhou Changfu Machinery Co., Ltd. its subsidiary. Guanhzhou Changfu Machinery Co., Ltd. was established as a wholly-owned subsidiary of  Joyu-Fuji Machinery Co., Ltd in April 2006. Joyu-Fuji Machinery Co., Ltd transferred 51% of stocks to the Company.
Mar. 2008 Absorbed its subsidiary, Wakaizumi Fuji Kiko Co., Ltd.
Apr. 2010 Established Fuji Kiko Hammerstein Automotive GmbH, contributing 51% of the capital.
Mar. 2011 Established Zhejiang Fu Chong Tai Automotive Parts Co., Ltd., contributing 51% of the capital.
Sep. 2012 Its subsidiary, Fuji Kiko of USA Corp., established Fujikiko Tachi-S Mexico, S.A. de C.V. in Mexico.
Jan. 2013 Established a subsidiary, Fujikiko Europe S.A.S., in France.
Oct. 2013 Established a subsidiary, Fujikiko Mexico, S. A. de C. V. , in Mexico.
Dec. 2013 Established a subsidiary, Fu Chong (Fuzhou) Engineering Co., Ltd., in China.
Apr. 2016 Established a technical center at Washizu Plant.
Jan. 2018 Became a fully owned subsidiary of JTEKT through a take-over bid.
Sep. 2018 Established a subsidiary, FUJI AUTOTECH MOROCCO S.A.S in Morocco.

Supplemental Information 1