Furukawa Electric Co., Ltd.

Company Profile

■URL

http://www.furukawa.co.jp/en/

■Address

Marunouchi Nakadori Bldg. 2-2-3, Marunouchi, Chiyoda-ku, Tokyo, 100-8322, Japan

Business Overview

-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.

Shareholders

-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
合計 37.01

Products

Wire harnesses
-Wire harnesses

  • Wire harnesses for EV/HEV
  • Aluminum wire harnesses

-Sliding door harnesses
-BUS harnesses
-Corrosion-proof terminal for aluminum wire

Connectors
-Connectors
-Steering roll connectors

Functional components for automobile
-Metal core PCBs
-Automotive batteries
-Lead battery status detection sensors
-Heat-dissipation/cooling products

  • Heat pipes
  • Heat sinks

-Plating
-Heat resistant wire & cable for automobiles

Functional product materials for automobiles
-Copper and copper alloy products
-Copper Foil
-Enameled wire

Interior finishing materials
-Foam products
-Micro-cellular foamed light reflective sheet

History

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).
2007

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.

2009

Established the Yamaguchi Plant.

2010

Established Furukawa Automotive Systems (Vietnam) Inc. (FASV) in Philippines.

2011

Transferred the equity shares in Shikoku Cable.

2012

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.)

Feb. 2014

Established Furukawa Automotive Systems Asia Pacific Co., Ltd. (FAAP) in Thailand as a local headquarters company manufacturing auto parts.

Supplemental Information 1