FALTEC Co., Ltd.

Company Profile

■URL

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

■Address

580, Horikawa-cho, Saiwai-ku, Kawasaki-shi, Kanagawa-ken, 212-0013, Japan

Business Overview

-The Company operates in the following three business segments.

  • Automotive exterior parts: Factory-installed parts that are either made of plastic or metal such as plastic exterior parts and metal molding.
  • After-market products: Genuine company-made products sold by auto dealers, such as exterior parts, electrical products, metal products, and chemicals.
  • Automotive devices: Inspection and maintenance devices used by OEMs and maintenance companies; and facilities and devices used in manufacturing.

Business Highlights

-The Company’s financial results for the fiscal year that ended in March 2018 are as follows.
Consolidated sales: JPY 87,535 million (4.7% increase year-over-year)
Operating income: JPY 1,759 million (10.6% increase year-over-year)
Ordinary income: JPY 1,686 million (18.4% increase year-over-year)
Current net profit attributable to the parent-company’s shareholders: JPY 831 million
(90.6% increase year-over-year).

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2018)
Name Investment Ratio (%)
TPR Co., Ltd. 55.52
Guangdong TGPM Automotive Industry Group Co., Ltd. 4.73
SRG Global, Inc. 4.02
Private shareholder 2.25
JCU CORPORATION 1.91
The Master Trust Bank of Japan, Ltd. (Trust Account) 1.06
Japan Trustee Services Bank, Ltd. (Trust Account) 1.00
Japan Trustee Services Bank, Ltd. (Trust Account5) 0.71
J. P. MORGAN SECURITIES LLC-CLEARING 0.70
Employee stock holdings 0.47
Total 72.42

Products

Plastic Exteriors
-Radiator grilles
-Front bumper grilles
-Bumpers
-Rear spoilers
-Aero parts
-Mudguards
-Center mudguard trims
-EV charge port covers
-Wheel covers
-Window visors
-Apron lower brackets
-Trunk garnishes
-Millimeter wave radar covers

Metal Products
-Roof rails
-Window sashes
-Guide rails

Moldings
-Windshield moldings
-Back window moldings
-Side window moldings
-Roof moldings
-Stainless steel moldings
-Door sash moldings
-Hood top moldings

Electrical & Electronic Components
-Daytime running lamps
-Ambient lighting systems
-Fog lamps
-Kicking plates
-Stylish turn signal lamps
-"Neon Control" lighted bumper guides
-Rear view cameras
-Remote engine starters

Textiles
-Floor mats

Rubber Seal parts
-O shaped rings
-Various seal rings

History

Feb. 1937 Nissan Auto Sales Co., Ltd., the predecessor of Altia Co., Ltd. was established.
Apr. 1939 Hashimoto Iron Works Inc., the predecessor of Hashimoto Forming Industry Co., Ltd. was established.
Apr. 2004 Altia Co., Ltd. and Hashimoto Forming Industry Co., Ltd. merged to form Altia Hashimoto Co., Ltd.
Feb. 2005 Altia Co., Ltd. and Hashimoto Forming Industry Co., Ltd. merged to form Altia Hashimoto Co., Ltd.
Aug. 2005 The Company moved its headquarters to Kawasaki City, Kanagawa Prefecture.
Oct. 2007 Altia Hashimoto Co., Ltd. absorbed Orion Techno Co., Ltd. to form Altia Co., Ltd.
Oct. 2007 FALTEC Co., Ltd. absorbed the automobile parts / accessories business of Altia Hashimoto and became a holding company that manufactures and sells automotive components.
Nov. 2007 The Company's stock was delisted from the second section of the Tokyo Stock Exchange.
Apr. 2012 Became a subsidiary of TPR Co., Ltd.
Aug. 2012 SRG Global Inc. invested in Faltec SRG Global (Thailand) Co., Ltd., acquiring 20% ownership.
Mar. 2013 The Company was relisted on the second section of the Tokyo Stock Exchange.
May 2014 Acquired the automotive and motorcycle electronic parts business from Mitsubishi Cable Industries, Ltd.
Dec. 2014 Designated as a stock under the first section of Tokyo Stock Exchange.
Dec. 2017 Established Kitakyushu Faltec, the plating process company for automotive components.

Supplemental Information 1