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

-In October 2007, the Company absorbed the automotive parts and accessories business of Altia Hashimoto, becoming a holding corporation that produces and sells car components.
-In April 2012, the Company became a subsidiary of TPR Co., Ltd.

-The Company conducts business in the following four segments;

  • Automotive exterior parts: Parts attached on the spot along OEM production lines (two types: exterior parts; and metal or molded parts)
  • Automotive accessories/supplies: Genuine products sold by automotive dealers.
  • Automotive related equipment: Inspection and groundwork equipment; facilities and equipment used in producing products.
  • Service industry: Job placement business.

Business Highlights

-Sales during FY ended Mar. 2016 were JPY 84.2 billion.
-The Company is targeting sales of JPY 90.0 billion and an operating profit margin of 6% for FY ending Mar. 2018. Its strategic products include conversions, roof-rails, window moldings (No. 1 share in Japan), electric/electrical components, and millimeter-wave radar covers
*Conversion: A way of changing the exterior appearance of vehicles by quickly grasping diversified needs so as to sell automobiles that have long model-life cycles.

>>>Link to "FY17 Mid-term Management Plan" for details

Shareholders

-Listed on the first section of the Tokyo Stock Exchange. (As of Mar. 31, 2016)
Name Investment Ratio (%)
TPR Co., Ltd. 55.51
Guangdong TGPM Automotive Industry Group Co., Ltd. 4.76
SRG Global, Inc. 4.05
Private shareholder 2.26
CBNY-GOVERNMENT OF NORWAY 2.25
JCU CORPORATION 1.93
Japan Trustee Services Bank, Ltd. (Trust Account) 1.54
The Master Trust Bank of Japan, Ltd. (Trust Account) 1.10
The Nomura Trust and Banking Co., Ltd. 0.56
Private shareholder 0.53
Total 74.55

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.

Supplemental Information 1