Furukawa Electric Co., Ltd.
-The Company is a manufacturer of non-ferrous metal products such as copper wire, aluminum wire, wire harnesses, and products made of various other non-ferrous metals. On April 1, 2016, the Company reorganized its business structure and now operates in the following four business segments.
- Infrastructure: Products for the infrastructure market, such as fiber-optic cables used for information communications; and electric-power cables.
- Electrical/Electronics: automotive parts such as wire harnesses, steering-control connectors, peripheral monitoring equipment, batteries, and rolled-metal products such copper wire, coils, and copper strips.
- Functional products: functional parts, heat-dispersers, aluminum sheets, electrolytic copper foil, etc.
- Services/Development: created to provide various services and development activities to support the Group, such as logistics, information processing, and software development. In addition, this business engages in real-estate services, hydroelectric power, and new-product development.
-Electronics and Automotive Systems is mainly in charge of automotive components. Its major group companies are listed below.
- Furukawa Automotive Systems Inc.: wire harnesses, connectors, electronic control units, metal core substrate, etc.
- Furukawa Battery Co., Ltd.: automotive batteries
Recent business developments
-The automotive parts and battery businesses are focusing on the following activities.
- Wire harnesses: aluminum wire, anticorrosive terminals, high-voltage harnesses
- Onboard products: Steering roll connectors (SRCs), battery state sensors (BSSs), monitoring radar systems, interior lighting, etc.
- Battery storage: ultra-batteries for stop/start systems, lead batteries compliant with European Norm standard
-In the automotive products & battery business, sales of wire harnesses have been brisk. The Company is expanding and automating its production plants mainly in Asia, and also marketing aluminum wire harnesses. In FY 2020, the Company aims to achieve sales of JPY 260 billion and an operating income of JPY 13 billion.
|-Listed on the first section of the Tokyo Stock Exchange.||(As of Mar. 31, 2018)|
|Name or Company name||Investment Ratio (%)|
|Japan Trustee Services Bank, Ltd. (Trust Account)||11.90|
|The Master Trust Bank of Japan, Ltd. (Trust Account)||8.13|
|Mizuho Trust & Banking Co., Ltd. Retirement Funds Trust Mizuho Bank, Ltd. Account||3.42|
|Japan Trustee Services Bank, Ltd. (Trust Account 4)||3.26|
|Asahi Mutual Life Insurance Co.||1.93|
|Furukawa Co., Ltd.||1.88|
|Japan Trustee Services Bank, Ltd. (Trust Account 5)||1.78|
|THE BANK OF NEW YORK, NON-TREATY JASDEC ACCOUNT||1.60|
|Fuji Electric Co., Ltd.||1.56|
|Mizuho Trust & Banking Co., Ltd. Retirement Funds Trust Fuji Electric Co., Ltd. Account||1.55|
- Wire harnesses for EV/HEV
- Aluminum wire harnesses
-Sliding door harnesses
-Corrosion-proof terminal for aluminum wire
-Steering roll connectors
Functional components for automobile
-Metal core PCBs
-Lead battery status detection sensors
- Heat pipes
- Heat sinks
-Heat resistant wire & cable for automobiles
Functional product materials for automobiles
-Copper and copper alloy products
Interior finishing materials
-Micro-cellular foamed light reflective sheet
Furukawa Automotive Systems Inc.
|1946||Established as a subcontract factory of Furukawa Electric Co., Ltd. in Toyosato-mura, Inugami-gun, Shiga prefecture. Started to produce cotton-covered wires, bind wires and cotton insulated wires.|
|1950||Reorganized to Omi Densen Co., Ltd.|
|1958||Started mass producing polyethylene wires.|
|1960||Formed a technical alliance with Furukawa Electric Co., Ltd., for automotive wire harnesses, and started mass production.|
|1961||Furukawa Electric Co., Ltd. took a stake in the Company. The Company became a main manufacturer of wire harnesses for Furukawa Electric.|
|1967||Completed relocating all plants to Toyosato-cho, Inugami-gun, Shiga prefecture. Merged Sanwa Harness Co., Ltd., a former member of the Furukawa Electric Group.|
|1968||Moved the headquarters to Takanose, Toyosato-cho, Inugami-gun, Shiga prefecture.|
|1977||Established an integrated plant handling all processes from wire drawing to fitting of cut terminals in Hatasho-cho, Echi-gun, Shiga prefecture.|
|Established Hikone Electric Wire Co., Ltd.|
|1985||Established Shiga Plant.|
|1986||Established Aomori Electric Wire Co., Ltd.|
|1987||Established UTF (currently Lear Furukawa Corporation) in the USA as a joint venture with Furukawa Electric Co., Ltd. and UTA Co., Ltd.|
|1988||Formed a business tie-up with LTK (currently GPP) in Hong Kong and started production in China.|
|Formed a technical tie-up with Shang Ho Industry Co., Ltd. in Taiwan.|
|1993||Formed a technical tie-up with Permintex Industries Sdn. Bhd. in Malaysia.|
|1995||Formed a technical tie-up with Tong Hae Electrics Industries Co., Ltd. in Korea and Thai Summit Harness Co., Ltd. in Thailand.|
|Moved Hikone Electric Wire Co., Ltd to Toyosato Plant.|
|1996||Established OEV (currently Furukawa Automotive Parts (Vietnam) Inc.) (FAPV) in Vietnam.|
|1999||Established the second electric wire plant of FAPV in Vietnam.|
|2000||Changed the name of the Company to Furukawa Automotive Parts Co., Ltd.|
|Obtained ISO9002:1994 certification.|
|2001||With Furukawa Electric Co., Ltd., jointly established Furukawa Electric Autoparts Central Europe s. r. o. (FACE) in Czech Republic.|
|2002||With Furukawa Electric Co., Ltd., and Permintex Industries Sdn. Bhd. (Malaysia), jointly established PT. Furukawa Permintex Autoparts Indonesia (FPAI) in Indonesia.|
|Obtained ISO14001:1996 certification.|
|2003||Obtained ISO9001:2000 certification.|
|2004||Obtained shares of Shikoku Cable Co., Ltd.|
|2005||Established Furukawa Automotive Parts (Dongguan) Ltd. (FAPD).|
|Established Furukawa Automotive Parts (Hong Kong) Ltd. (FAPH).|
|Established Furukawa Electric (Shenzhen) Co., Ltd. (FESZ).|
Formed a technical tie-up with Tianjin Jinhe Electric Engineering Co., Ltd.(TJHE).
|Formed a technical tie-up with Furukawa Automotive Systems (Thailand) Co., Ltd. (FAST) in Thailand and started production locally.|
|Formed a technical tie-up with Minda Furukawa Electric Private Ltd. (MFEP) in India.|
|Oct. 2007||Transferred the automotive parts business from Furukawa Electric Co., Ltd. and changed the name of the company to Furukawa AS Inc.|
|2008||Obtained authorized exporter/importer certifications.|
|Established Furukawa Automotive Systems Vietnam Inc. (FASV) in Vietnam.|
|Obtained TS1694949 certification.|
|Established the Yamaguchi Plant.|
|Established Furukawa Automotive Systems (Vietnam) Inc. (FASV) in Philippines.|
|Transferred the equity shares in Shikoku Cable.|
|Acquired the automotive connector business from Mitsubishi Cable Company.|
|Established Furukawa Automotive Systems Lima Philippines, Inc. (FALP) in the Philippines.|
|Established Furukawa Automotive Systems Kabinburi (Thailand) Co., Ltd. (FAKT) in Thailand.|
|Oct. 2013||Furukawa-Sky Co. Ltd. absorbed and merged with Sumitomo Light Metal Industries., Co. Ltd. and formed UACJ, which is now a consolidated subsidiary under the equity method of accounting. (It is listed on the Listed on the first section of the Tokyo Stock Exchange.)|
|Established Furukawa Automotive Systems Asia Pacific Co., Ltd. (FAAP) in Thailand as a local headquarters company manufacturing auto parts.|
Supplemental Information 1
>>>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, 2016
>>>Business Report FY ended Mar. 31, 2017
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss