FUJI OOZX Inc.
Company Profile
Business Overview
-An engine valve manufacturer of the Daido Steel Group. 37% domestic market share (according to company survey)
-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 2023 are as follows.
Consolidated sales: JPY 21,606 million (3% decrease year-over-year)
Operating income: JPY 869 million (44.7% decrease year-over-year)
Ordinary income: JPY 1,052 million (41.1% decrease year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 595 million (39.6% decrease year-over-year)
Outlook
-For the fiscal year ending March 31, 2024, the company forecasts consolidated net sales of JPY 23,200 million, operating income of JPY 1,700 million, ordinary income of JPY 1,850 million, and net income attributable to the parent company of JPY 1,370 million. (Announced in July 2023)
Shareholders
| -From April 2022, moved to the Standard Market of the Tokyo Stock Exchange | (As of Mar. 31, 2023) |
| Name or Company Name | Investment Ratio (%) |
| Daido Steel Co., Ltd. | 45.86 |
| Daido Kogyo Co., Ltd. | 5.27 |
| J and S Insurance Service Co., Ltd. | 3.19 |
| Resona Bank, Ltd. | 3.13 |
| Customer share holding commission | 2.01 |
| NOMURA SINGAPORE LIMITED CUSTOMER SEGREGATED | 1.28 |
| Employee Stock Ownership Plan | 1.10 |
| CBHK S/A PBG CLIENTS SG | 0.98 |
| Individual shareholder | 0.91 |
| Tokai Tokyo Securities Co., Ltd. | 0.91 |
| Total | 64.64 |
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). |
| Nov. 2018 | Shizuoka plant and FUJI HOLLOW VALVE INC,.have acquired the IATF16949. |
| Mar. 2021 | Fuji Hollow Valve Inc., a joint venture with Mitsubishi Heavy Industries Machine Tool Co., Ltd. (Mitsubishi Heavy Industries Machine Tool), was resolved. |
| Apr. 2022 | Moved to the Standard Market of the Tokyo Stock Exchange from the First Section due to the TSE's reorganization. |
Supplemental Information 1
>>>Business Report FY ended Mar. 31, 2007
>>>Business Report 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
>>>Financial Forecast for the Next Fiscal Year (Sales, Operating Income etc.)