FUJI OOZX Inc.

Company Profile

■URL

http://www.oozx.co.jp

■Address

1500-60 Misawa, Kikugawa-shi, Shizuoka Pref. 439-0023 Japan

Business Overview

-An engine valve manufacturer of the Daido Steel Group.

-The Company is working on the development of light-weight and high temperature-resistant engine valves that improve vehicle fuel economy, as well as technology to manufacture these products.



Financial Overview

-The Company’s financial results for the fiscal year that ended in March 2018 are as follows.
Consolidated sales: JPY 20,823 million (14.6% increase year-over-year)
Operating income: JPY 1,619 million (106.2% increase year-over-year)
Ordinary income: JPY 1,723 million (222.7% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 1,162 million

Expand its production capacity for hollow valves to 35 million units a year
-Fuji Hollow Valves, Inc. a hollow valve joint venture between the Company and Mitsubishi Heavy Industries Group, will expand its production capacity for hollow valves to 35 million units a year, or 2.7 times that of fiscal year 2016 (ends in March 2017), in 2020. The planned investment amount is JPY 6.5 billion. Fuji Oozx's engine valve production in Japan currently stands at about 100 million units. Based on a projection that half of that output (50 million) will be replaced by hollow valves in the future, the company will accelerate the expansion of its production capacity. (From an article in the Nikkan Jidosha Shimbun on December 27, 2017)

Mid-term Management Plan: Long-term Vision Global 10

-In FY 2020, the Group aims to have 10% of the global market share of engine valves.

Shareholders

-Listed on the Second section of the Tokyo Stock Exchange (As of Mar. 31, 2018)
Name or Company Name Investment Ratio (%)
Daido Steel Co., Ltd. 45.47
Daido Kogyo Co., Ltd. 5.27
J and S Insurance Service Co., Ltd. 3.18
Resona Bank, Ltd. 3.12
MSIP CLIENT SECURITIES 2.53
Customer share holding commission 2.47
The Master Trust Bank of Japan, Ltd. 2.37
Japan Trustee Services Bank, Ltd. 2.24
NOMURA SINGAPORE LIMITED CUSTOMER SEGREGATED 2.01
THE BANK OF NEW YORK MELLON 1.44
Total 70.15

Products

Engine valves
Titanium valves
Hollow valves
Retainers
Valve seats
Cotters; valve locks
Valve rotators

History

Dec. 1951 Established Sonoike Valve Inc. in Shinagawa-ku, Tokyo to manufacture and sell engine valves.
Jun. 1952 Completed construction of a plant in Ota-ku, Tokyo and began operations.
Jun. 1952 Changed the name of the Company to Fuji Valve Inc.
Jul. 1953 Daido steel Co., Ltd. invested in the Company.
Oct. 1965 Completed construction of the Fujisawa Plant.
Sep. 1970 Moved main plant to Fujisawa.
Jan. 1972 Acquired capital in Shin Han Valve Ind. Co., Ltd. of Korea, an affiliate accounted for under the equity method.
Jan. 1979 Acquired capital in Wuchou Valve Industry Co., Ltd. of Taiwan, an affiliate accounted for under the equity method.
Jul. 1979 Established Fuji Serina Valve, an affiliate accounted for under the equity method, in Thailand, jointly with TRW Inc. of the U.S. and Seri Wathana ROP of Thailand.
Jun. 1988 Established TRW Fuji Valve Inc., an affiliate accounted for under the equity method, in the U.S. jointly with TRW Inc. of the U.S.
Dec. 1989 Shizuoka Plant has been completed.
Jun. 1992 Relocated the headquarters to Fujisawa City, Kanagawa Prefecture.
Dec. 1992 Changed the company name to Fuji OOZX Inc. from Fuji Valve Inc.
Jan. 1994 Established a wholly owned consolidated subsidiary, OOZX USA Inc.
Dec. 1994 Listed on the 2nd section of the Tokyo Stock Exchange.
Apr. 1997 OOZX USA Inc., the Company's wholly owned subsidiary in the U.S., launched production of aluminum tappets to be supplied to Ford, Jaguar and others.
Oct. 1998 Established a wholly owned consolidated subsidiary, Fuji Techno.
Sep. 1999 Fujisawa Plant obtained ISO9001/QS-9000 certification.
May. 2000 Shizuoka Plant obtained ISO9001/QS-9000 certification.
Jul. 2001 Fujisawa Plant and Shizuoka Plant obtained ISO14001 certification.
Jul. 2003 Relocated headquarters to Kikukawa City, Shizuoka Prefecture.
Oct. 2006 Acquired capital in Shinhan Beijing Automobile Parts System Co., an affiliate accounted for under the equity method.
Aug. 2009 Transferred all shares in Wuchou Valve Industry Co., Ltd. in Taiwan to local shareholders. (Wuchou Valve was an affiliate company accounted for under the equity method of accounting.)
Aug. 2010 Established Fuji Valve (Guangdong) Corporation in Guangdong Province, China through a joint investment with TRW of the U.S.A. and Shin Han Valve Ind. Co., Ltd. of Korea. (this company is a consolidated subsidiary of the Company)
May. 2011 Liquidated OOZX USA Inc., which was a consolidated subsidiary.
Oct. 2011 Commenced delivery of engine valves to Dongfeng Nissan, through Fuji Valve (Guangdong) Corporation.
Sep. 2013 Established PT. FUJI OOZX INDOSIA with its joint venture partner PT. Prospect Motor in Indonesia.
Aug. 2014 Established JV FUJI OOZX MEXICO, S.A. DE C.V. (Consolidated subsidiary) with Daido Kogyo, Inc.
Jun. 2015 Announced dissolving its business alliance with TRW Group.
Feb. 2016 Established Fuji Hollow Valves, Inc. in Kikugawa City, Shizuoka Pref., Japan.
May. 2016 Formed a business alliance with Mitsubishi Heavy Industries Machine Tool Co., Ltd.
Aug. 2016 Sold all shares held in Shin Han Valve Ind. Co., Ltd. (Korea)
Nov. 2016 Sold all shares held in Shin Han Beijing Automobile Parts System Co. (China).

Supplemental Information 1