Company ProﬁleFerrotec Holdings Corporation Nihonbashi Plaza Building 5F, 2-3-4 Nihonbashi,Chuo-ku,Tokyo 103-0027 TEL: 03-3281-8808 FAX: 03-3281-8848 URL: https://www.ferrotec.co.jp/en/
202407G19- EN

あ な た の 、そ ば に 。
Always nearby you.

01
02

The Future by Ferrotec
I think this company’s background is a rather unique one. We were
established in Japan as a subsidiary of an American company in1980, and became independent seven years later in 1987. We built
a domestic factory and expanded into China in 1992. We took thecompany public in 1996, keeping that momentum through 1999
when we acquired our NASDAQ listed former parent company via
a friendly take over bid. Twelve years had passed since becoming
independent. The parent-child relationship had reversed, but by
becoming ‘’Ferrotec Group’’ once again, we were able to achieved r a m a t i c g r o w t h . F r o m A p r i l 2 0 17, o u r c o m p a n y w a s
renamed ”Ferrotec Holdings Corporation”, and shif ted to a

Satisfaction for our Customers
Earth Friendly and Environmentally Conscious
Dreams and Vitality to our SocietyWith a global perspective, Ferrotec operates inharmony with international and local communities,
acting in good faith as a company that provides products
and services that contributes to people everyday’s life.
Earning satisfaction and trust from our customers
Contributing to solving global environmental problems
Devoted to serving society through manufacturing.

holding company s truc ture. The sources of grow th wereapplications of the company's core ferroﬂuid technologies, bornfrom the Apollo Space program, and the topic of my master’s
thesis, thermoelectric modules.
Since that time, our offering has expanded and our portfolio has
diversiﬁed. Ferrotec products are currently being utilized in a wide
range of ﬁelds, such as, the electronics and automobile industries,
household appliances, medical equipment, and photovoltaics.
We will continue to strive to supply products that contribute to
the society while being a company that helps to make the world
a better place, a company that cares for the environment, and acompany that continues to grow.

Representative Director, President & Group CEO

He Xian Han

A company that is conscious, improves,and pursues happiness. Ferrotec.
03
04

Supporting Daily Life
Ferrotec’s products support business and infrastructure in ways you can’t see,and come in contact with your life in places you may not typically notice.

Electronics Industry
Our products are used in the
manufacturing process of
smartphones, power saving andenvironmentally friendly LED.
Products we now cannot live
without in our daily life andbusiness.

Automotive Industry
In this era, when self-driving taxis
are undergoing ﬁeld testing, EV
and hybrids, and GPS has
become universal, we need tosafely manage and teach thesetechnologies. Ferrotec is always
there to accompany fun driving
and safe transportation ofpeople.

Final product example

temperature control seats/ car audio/ car navigation/
power control power semiconductor

Ferrotec’s product offering Thermo-electric Modules/ Ferroﬂuid/
Power Semiconductor Substrate/ Thermistor
Final product example

Smartphone/ Personal Computer/ Flash Memory/ LED/ DVD

Ferrotec’s product offering

Vacuum Seals/ Quartz/ Ceramics/ Silicon Parts/ CVD-SiC/
Silicon Wafers/ Deposition Apparatus

Medical Equipment
In the developed countries of theworld, Japan is the center ofincreased aging society, and webelieve this will bring ourcompany an expanded role inthe medical ﬁeld. Whether it isendoscope, blood analysis
equipment, or inspection tools,in this ﬁeld Ferrotec is active andwill continue to grow.
Final product example

Endoscope/ Hemanalysis Device/ Magnetic Nanoparticles* Thermistors are produced by our group company Ohizumi Mfg. Co., Ltd.

Laundry Equipment
Tourists to Japan appreciates the highquality of linen products at Japan’s
hotels. Supporting this are Ferrotec’s
exceptionally automated, energy
and resource-conserving industrial
laundry equipment. Increasingneeds for high quality linen in China
and emerging countries are
expected in the future. Ferrotec
supports the behind-the-scenes workfor comfortable hotel life.
Final product example

Continuous washing machine/ Spin dryer/ Dryer/
Rolling machine etc.

* Manufactured by group company, Asahi Seisakusho.

Ferrotec’s product offering Ceramics/ Thermo-electric Modules/ Ferroﬂuid

Photovoltaic Power Generation
Against the global-level
backdrop of the COP21
Framework Convention on
Climate Change, the use ofphotovoltaics is expected to
expand. Ferrotec’s products
are integral to these solar
panels, supporting people
everyday's life.

Final product example

Residential solar panel/ Panel for mega-solar projects

Ferrotec’s product offering Silicon Ingots for Solar Cells/ Wafers for Solar Cells/

Consumer Electronics
The IoT connects a variety ofpeople, goods, and informationon the internet, erasing theboundary between net products
and consumer electronics, which
will bring an era when consumer
electronics will watch over andtake care of people. At theforefront of this, Ferrotec isalways there.

* Incorporated into the ﬁnal product, such as thermo-electric modules.
There are also those used in the manufacturing process such like quartz and ceramics.

Final product example

LCD TVs/ Air Conditioners/ Wine Cellars/ Dryers/ Audio speakers

Ferrotec’s product offering

Thermo-electric Modules/ Ferroﬂuid/
Power Semiconductor Substrate/ Thermistor

05
06

Semiconductors that create the future
Ferrotec supports these foundations

IT Innovation moving
at an accelerated pace
With IoT, Big Data, AI, 3D NAND and others,

Semiconductors are manufactured through numerous processes.
Ferrotec's technology and products have become indispensable inthese manufacturing processes.

the environment surrounding semiconductors,
including information and communication, isincreasing at an accelerated pace. At Ferrotec,

we are proactively promoting the creation of asystem that will be ready for new demands.

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Products that respond to thelatest technology trends

Contribution in the semiconductor
manufacturing process

In order to answer future demand in semiconductors accompanying

The manufacturing of semiconductors is complicated and requires

technological innovations, Ferrotec’s semiconductor business④O
xid
Dif ation
fus anion dcovers numerous products that range from parts up to processing.

a high-level of technical capacity. At Ferrotec, we provide products

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For semiconductors boastinghigh-performance and high-yield,
it is important to secure an airtightspace without impurities during
the manufacturing process. Our
company’s equipment related
products demonstrate theirperformance in many processes.

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Vacuum Seals

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Material Products

During the wafers manufacturing process, our material products are used as jigs
and consumables in thin ﬁlm production, transportation and cleaning processes.

⑬W
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Fla

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Quartz Products

Ceramics Products①②

Ingot Cutting③

Polishing④

Oxidation
and Diffusion

ing

⑫D
ic

ing

Semiconductor and High-Grade
Process Tool Parts Cleaning

SiC Parts (CVD-SiC)⑤

Photoresist
CoatingAt our Chinese plant, we implement
integrated manufacturing of siliconwafers from single crystals.
Following small calibers of 6 inches
or less, we will start the productionof 8-inch wafers from FY2017.

We perform cleaning forsemiconductor and FPD production
equipment parts (TFT/OLED).
To meet the needs of our customers,
we have the latest equipment that
supports Sub-28nm Microstructure.

Silicon Wafers Manufacturing
Single Crystal
Ingot Lifting

tion

ond

rs
afe n
⑪W ectiop
Ins

Silicon Parts

Silicon Wafers Production

ple

ld

⑥

Pattern
Exposure

Pattern Formation⑦

Etching⑧

Ion Implantation
and CVD

Multilayered (Repeat ⑤~⑨)⑨Flattening⑩

Electrode
Formation⑪

Wafers
Inspection

Contract Manufacturing Service
In addition to the manufacturing ofa variety of electric furnaces andassembly of deposition apparatus
for the electronics industry, We
also provide contract
manufacturing service for any typeof device.

Assembly⑫

Dicing⑬

Wire Bonding

⑭

Mold

⑮

Inspection⑯

Completion

07
08

Essential Devices in the Manufacturing Process

Semiconductor Equipment-related
Business

Materials Products

Quartz Products
Ultra-High Purity Glass, Tough against Heat andChemical Changes

Semiconductor Equipment-related Business, we deal with products likemanufacturing equipment for semiconductor, liquid crystal, organic EL and flat panel
displays.
The main products we produce and supply are vacuum seals, an application offerrofluid technology, and material products, essential to the manufacturing
process of semiconductors. This segment of course supports state-of-the-art
semiconductor technology for tablet PC’s and smartphones, and in the future,
wearable devices where growth is expected. We have the wealth of accumulated
technology and the know-how necessary for mass-production.

The semiconductor manufacturing process involves frequent
treatments of high heat and chemicals. Coming into play here
are quartz products composed of ultra-high-purity silica glass.
Whether it is in the thin ﬁlm generation and diffusion process,or as jigs and consumables in the transport and cleaning
process of wafers, our quartz products play an important role in
the processing of increasingly thinning and high puriﬁcation
semiconductors.
Examples of Products Used For:LCD TV’s, Smartphones, PC’s, Flash memory,
CPU’s, LED*Used in the manufacturing process

Vacuum Seals

Silicon Parts

Ensuring a Sealed Environment with no Contamination

High-Purity Polysilicon Jigs used in
Manufacturing Process

The vacuum seals which use ferroﬂuid to enable transmission ofrotational movement into the vacuum atmosphere are used in
the manufacturing process of semiconductors, FPD, LED, andsolar cells. They account for the company's core, and are usedmainly in the etching and deposition processes ofsemiconductor wafers, as well as in the rotary mechanisms ofdelivery robots for FPD panels, isolating the sealed space fromthe outside, while precisely transmitting the necessary powerfor processing.
Examples of Products Used For:LCD TV’s, Smartphones, PC’s, Flash Memory,
CPU’s, LED*Used in the manufacturing process

Contract Manufacturing and Assembly Service
Based on our metal processing technology cultivated in
vacuum seals, we developed a contract manufacturing
and assembly business for large-format equipment
Contract Manufacturing Service: In Hangzhou, Changshan, andShanghai, China, a wide range of components are processed andcontract production and assembly of equipment is done basedon Ferrotec's precision machining and equipment assembly
technologies.
Responsible for contract processing of precision metal parts(from small to large), contract assembly of units and equipment,
local procurement support, equipment installation and start-up.
For Semiconductors, FPDs (OLED/LCD), and other industrial ﬁelds.
* In April 2023, 'Cosmo Science Co., Ltd.' has joined our company group

to expand its business in the contract manufacturing of semiconductor
production equipment and FPD manufacturing equipment.

Materials Products

Our SiFusion TM product makes the manufacture of silicon jigs
from ultrapure polysilicon possible for the ﬁrst time, offering
innovative solutions in the formation of the wafer and diffusion
processes. It contributes to total cost saving for customers byachieving extended usage and improved operating rates in the
diffusion process of reactive gas and reduced number of
washes.
Examples of Products Used For:LCD TV’s, Smartphones, PC’s, Flash memory,
CPU’s, LED*Used in the manufacturing process

Materials Products

SiC Parts (CVD-SiC)
Ultra-High Purity, High Heat Resistance andHigh Wear Resistance Silicon Carbide Products
from Original CVD Production Method
Our SiC products are a one to one compound of silicon (Si) andcarbon (C), ultrapure and highly resistant to wear, heat, andcorrosion. They are used widely in the manufacturing ofsemiconductors as wafer boats and tubes, and silicon wafer
replacement dummy wafers, as jigs used at high temperatures.

Examples of Products Used For:LCD TV’s, Smartphones, PC’s, Flash memory, CPU’s, LED*Used in the manufacturing process

09
10Essential Devices in the Manufacturing Process

Semiconductor Equipment-related Business

Materials Products

Ceramics Products

Process Tools Parts Cleaning

Highly Strong and Pure Ceramics Supporting
State-of-the-Art Processing Technology

Precision Cleaning of Semiconductor and
FPD Process Parts

We have achieved integrated production of ﬁne ceramics andmachinable ceramics that leverage advanced material
technology, production technology, and precision processing
technology under the strictest quality controlled conditions.
Our ceramic products are widely adopted as high quality parts
suited for the manufacturing process of semiconductors, which
require high grades of purity, rigidity and precision.

We provide parts cleaning services for semiconductor and FPD
manufacturing equipment.
We meet our customers' needs with our state-of-the-art equipment,
including sand blasters, plasma spraying equipment, and alumite
treatment equipment, in addition to chemical cleaning and pure watercleaning.

Examples of Products Used For:LCD TV’s, Smartphones, PC’s, Flash memory,
CPU’s, LED

Reclaim Wafers* Used in the product

Reclaim wafer service based on Ferrotec's prime wafer
processing and process tools parts cleaning technologies*Used in the manufacturing process Surgical endoscope

Vacuum Coating System
US-made Temescal Vacuum Coating Systems
High-performance e-beam guns and high-voltage power
supply at the heart of Temescal devices offer a wide array ofequipment from bell jar systems for universities, researchlaboratories, and small-scale manufacturing, to highthroughput systems for large-scale manufacturing. As a global
standard machine in compound semiconductors, they havebeen adopted by many customers, and are progressively being
introduced in the manufacturing of LED’s and communication
chips.

For many years, we have had an integrated system for processing
single-crystal ingots into semiconductor wafers, and have maintained
the largest market share in the process tools parts cleaning business in
China. On the basis of these polishing and cleaning technologies, aswell as our network of customers, we have developed a reclaim wafer
service to meet customer needs associated with increased domestic
production in China.

Silicon Wafers
Integrated Production from theSingle-Crystal Ingot

Examples of Products Used For:We have an integrated system for processing single-crystal ingots into
semiconductor wafers for small diameter silicon wafers up to 6 inches,
as well as 8 and 12-inch wafers.
We have established a global supply system focusing on mass
production of polished, annealed, and epitaxial wafers.

Smartphones, LED, HDD*Used in the manufacturing process

Quartz Crucibles
A clean, excellently heat-resistant,high-purity quartz crucible
Clean, heat resistant, pure quartz is indispensable forsemiconductor manufacturing processes.
These same high purity quartz crucibles are used as substratecontainers for raw single-crystal Si material.
Ferrotec provides its quartz products to manufacturers for theprocess of single-crystal Si applications including
semiconductor and solar cell..

Equity method afﬁliate

SiC Wafers
Advanced technology for electric vehicles and other next-generation
applications: SiC (silicon carbide) single-crystal wafers
Building on the strengths of our defect control technology cultivatedin the semiconductor silicon (Si) single-crystal business, ourequipment manufacturing technology, and our SiC expertise andcustomer base gained through the CVD-SiC business (jigs forsemiconductor manufacturing equipment), we are engaged in thedevelopment and manufacture of SiC (silicon carbide) single crystal
ingots and wafers in a joint venture with China's top SiC research
institutes. (trial production is scheduled to start in 2021).
Equity method afﬁliate

1112Devices Built Directly into ProductsElectronic Device Business

Thermo-Electric Modules

In the electronic device business, there are the core technologies of Ferrotec—
ferrofluid and thermo-electric modules, also known as Peltier cooling devices.
Ferrofluid is used inside vacuum seals,utilized for wafer transfer robots, andinstalled in clean room equipment to prevent the intrusion of dust. Because
thermo-electric modules act as a heat pump that transfers heat when an electricalcurrent flows, they are used as a material to maintain and manage temperature forelectronics. Capable of reaching temperatures from minus 20℃—equal to that of afreezer—to easily surpassing the boiling point of 100℃, our products are utilized ina wide range of fields, from medical equipment, semiconductors, and thetelecommunication industry.

By passing a direct current and resulting into thermo amplitude,
here is the Temperature Control Semiconductor (Peltier Elements)
Thermo-electric modules are plate-like semiconductor coolingdevices that work by using the movement of heat when acurrent ﬂows through the junction of two different metals.
Compact, lightweight, and Freon-free, they are used intemperature control seats of automobiles, cooling chillers,
optical communications, biotechnology, air conditionners,
dryers and a variety of consumer electronic products.
Examples of Products Used For:

Climate Control Seats for Automobiles,
Car Navigation, Air Conditioners, Small
Refrigerators, Shavers, Dryers*Used in these products

Ferroﬂuid

Chillers

A Mysterious Liquid with Magnetic Attraction

By cooling or heating a circulating liquid to the set
temperature, this system ensures that equipment anddevices are maintained at a consistent temperature

While being a ﬂuid, it is a functional material attracted tomagnets and magnetized by external magnetic ﬁelds. In
the 1960’s NASA Space Program, it was developed totransport fuel in zero gravity. Currently it is used in
speakers, actuators, sensors, recycling separation
applications, and also in Vacuum seals—one of ourcompany’s core products.

A chiller (constant-temperature water circulator) is a device that
supplies a circulating liquid such as water while cooling/heating
to a preset temperature.
It is used to keep an object at a constant temperature such asheat sources in facilities and equipment via
temperature-controlled circulating water.

Examples of Products Used For:Car Audio, TV Speakers,
Magnetic Nanoparticles

Power Semiconductor DCB & AMB & DPC Substrates*Used in these products

Application of Thermo-electric module Manufacturing
Technology for Heat Dissipation and Insulation Substrate

Thermistor
Semiconductor ceramic sensitive to temperature changes
Thermistor is a semiconductor ceramic that exhibits
extremely large changes in resistance with temperaturechanges. This characteristic makes the thermistor an ideal
temperature sensor that is widely used in areas such as
in-vehicle technology, home appliances, and opticalcommunication, and its demand is expanding with theincrease in vehicle electriﬁcation and digitization. As a niche
leader in the thermistor market, Ohizumi Mfg. supplies highquality thermistors to global Tier 1 companies.

DCB（Direct Copper Bonding）

AMB（Active Metal Brazing）

We manufacture power semiconductor substrates, which areheat-dissipating insulating substrates for power device products.
We manufacture DCB substrates*1 made of alumina ceramics, which aremainly used in industrial equipment and home appliance inverters, and
AMB substrates*2 made of silicon nitride and aluminum nitride, which aremainly used in high-power applications such as automobiles and trains.
In the future, we will also start mass production of highly heat-resistantand high-strength DPC substrates*3, which are made of metalized alumina
ceramics, for use in optical communications and power LEDs.
*1: DCB=Direct Copper Bonding*2: AMB=Active Metal Brazing*3: DPC=Direct Plated Copper* The term "thermistor" is derived from "thermally sensitive resistor".

DPC（Direct Plated Copper）

Examples of Products Used For:Electric Vehicles, Machining Tools, Servers*Used in these products

13
14

Other-related BusinessIndustrial Cleaning Equipment

In addition to the products from its mainstay semiconductor equipment-related
business and electronic device business, the Ferrotec Group is also engaged in arange of OEM businesses, including commercial washing machines for the linen
industry, woodworking and metal cutting tools, and wafers used in solar cells.
These products are integrated into the supply chains of their respective industry
sectors and delivered to customers around the world by taking advantage of the
network of affiliates and business relations both inside and outside Japan and
China.

Solar Cell Related BusinessTotal Solutions from Ingots to Cells

Industrial Cleaning
Asahi Seisakusho Co., Ltd. maximizes consumption
efﬁciency and provides economical and environmentallyfriendly products by not only cleaning and reusingmaterials without throwing them away but also recycling
water and heat. The industrial cleaning equipment withthe world’s highest hygiene level is widely usedeverywhere; for example, in cleaning plants, hospital
facilities, and hotels.

Machine Blade

Ingots for Solar Cells

Industrial Knife

Raw silicon material is melted at high temperatures, thengradually cooled to generate crystallized ingots. In
addition to single-crystal ingots with excellent regularatom arrangement and power generation performance,
our in-house production equipment enables a stablesupply of superior economic and production efﬁcient
multi-crystal ingots.

Tokyo Knife Co., Ltd. manufactures industrial knives used
in a variety of manufacturing processes, including forsmartphone electronic parts, automobiles, and cardboard.
Taking advantage of its technologies and quality that havebeen honed since 1925, the company meets customers'
needs by offering industrial knives that can cut all types ofmaterials in information technology, iron and steel, paper,
wood, food, and other industries.

Wafers for Solar Cells

Wood Processing / Metalworking Sawblade

We produce single-crystal wafers by using a ﬁxed
abrasive grain wire saw to cut thin slices from ingots. Our
wafers correspond to thinning wires, and are adopted inhigh conversion efﬁciency modules.

Hangzhou Wagen Precision Tooling Co., Ltd. develops,
produces, and distributes precision cutting tools, such as avariety of saw blades, including cold, aluminum alloy, hardalloy, and diamond saw blades, under the WAGEN brand.
The tools are widely used in industries for a broad range ofapplications, including automotive and aircraft components
manufacturing, aluminum alloy die casting, furniture
manufacturing, wood processing, and organic glassprocessing.

15
16

Eyes on the World

25%

Ferrotec Group has developed a "Spirit of Craftsmanship" as a manufacturer all acrossthe world. The United States’ marketing and R&D expertise, Japan's industrial
technology, China's development of mass production, Europe’s own uniquedevelopment capabilities, and the expanding technology infrastructure of Asia.
In anticipation of production and sales, we have placed bases taking root aroundthe globe. We are truly a transnational company.
Moscow ●

●

(31%)

59%

Consolidated Net Sales

■Asia

(55%)

■Japan35,673 (Millions of yen)■Europe and America 55,830 (Millions of yen)

16%

2023 3rd Quarter Total Sales

222.4billion(14%)(Last year sales210.8billion yen)

* ( ) is the previous year ﬁgures

Nizhny Novgorod

130,927 (Millions of yen)yenFrankfurt ● ● Stuttgart

Yinchuan ●Tianjin

Dalian●●Uiwang-si●●●

Sendai●●Dongtai ●Tokyo
Shang ●
Tongling[Headquarters]● ● ● hai
Osaka
Neijiang ● Chang ● Hangzhou Kumamoto●
Lishuishan● Hsinchu
Guangzhou ●●●Livermore
Santa Clara

BedfordDongguan

EUROPE●●ASIAFrankfurt(Germany)●●

Stuttgart (Germany)

Moscow (Russia)

Nizhny Novgorod (Russia)

Products: Micro-electric module

Sales Ofﬁces

Hangzhou●●

Yinchuan●

Products:
Quartz Crucibles for
Semiconductors,
Semiconductor Ingots,
Silicon Parts Ingots●

Production Bases

Shanghai

Products: Thermo-electric modules(Material), Power Semiconductor
Substrate, Semiconductor Wafers,
Wafers for Semiconductor, Solar
Cell Manufacturing Equipment,
Cleaning, Surface Treatment●

Products:
Thermo-electric modules

●

JAPAN

Products: Thermo-electricmodule (Assembly), Vacuum
Seals, Quartz, Fine Ceramics,
Silicon Parts, Contract
Manufacturing, Saw Blades,
Semiconductor Wafers

Products: Electron Beam Guns
(Vapor deposition apparatus for electronic gun)●

Kulim ●
Kuala Lumpur ●Kuala Lumpur ●● Singapore

Tongling●

Dongtai●Changshan

Hsinchu(Taiwan)●

Tokyo [Headquarters]

Products:
Vacuum Seals, Ferroﬂuid (Chiba)
Fine Ceramics (Hyogo/ Ishikawa)
CVD-SiC (Okayama)
Industrial Equipment (Kanagawa)
Quartz (Yamagata)
Thermistor (Saitama/ Aomori)Industrial Knife (Miyagi)

Singapore

Kuala Lumpur(Malaysia)

●

Osaka

●

Sendai●

Kumamoto

AMERICA●

Bedford, NT

Products:
Vacuum Seals, Ferroﬂuid

Products: Cleaning, Reclaim Wafer, SiC Wafer
Products: Power Semiconductor Substrate, Quartz
Products: Quartz, Thermo-Electric Modules, CMS,
Fine Ceramics, CVD-SiC, Silicon Parts●

Lishui

Products: Semiconductor Wafers, Epitaxial Wafer, Thermistor●

Tianjin

Products: Cleaning●

Neijiang

Products: Cleaning●

DalianProducts: Cleaning●

Guangzhou

Products: Cleaning●

Dongguan

Products: Thermistor●

Kulim (Malaysia)

Product: Quartz, Ceramics, Contract Manufacturing, Robot Assembly●●Johor Bahru (Malaysia)
Uiwang-si(South Korea)

Products: Power Semiconductor Substrate●

Livermore

Products:
Vacuum Coating System●

Santa Clara, CA
1718

Honing our Technology, Connecting the Future
Without constantly improving our technology, we could not survive in the quickly innovating
industry of electronics, which deals with semiconductors. The same goes for manufacturing,where day-to-day effort is required to connect to the next generation. M&A is also regarded
as a powerful option for acquiring new technologies and expanding business.

Signing Ceremony with
Asahi Seisakusho

Ferrotec (Anhui) Technology Development Co., Ltd. was Listedon the ChiNext market of the Shenzhen Stock Exchange.
Acquired shares of Cosmo Science Co., Ltd.

Acquired Toyo Knife Co., Ltd. as a subsidiary
Acquired Ohizumi Mfg. Co., Ltd. as a subsidiary

140,000

120,000

100,000
60,00040,000Established new large factory in
Yinchuan, China

Sales began of solar cell silicon pulling apparatus

06

Set up business alliance with US company Amerigon Inc. (now Gentherm)
for temperature control seat systems for automobiles

Began commissioning the manufacture of small-diametersilicon wafers at Shanghai, China factory

01

02

03

04

Subsidiary acquisition of Russia's thermo-electricmodule maker SCTB NORD Inc.

20,00005

Acquired subsidiary for ceramics business,
Sumikin Ceramics & Quartz, Inc.

Acquired subsidiary of vacuum deposition equipment
business from England’s Edwards Vacuum, Inc.

Implemented structural reforms for
Photovoltaic economic bubble

Acquisition of industrial equipment manufacturer
Asahi Seisakusho through capital participation

80,000Made afﬁliate of CVD-SiC product maker
Admap Inc. through capital participation

Start of 8-inch semiconductor
wafer production

Basic business alliance agreement with industrial
machines and blades manufacturer Toyo Knife

Made afﬁliate of RMT Ltd.
through capital participation

Business alliance with cado Co., Ltd.
Business alliance with Ohizumi Mfg. Co., Ltd.

160,000

Expansion period
Established Ferrotec Quartz and started quartz products business

Acquired all outstanding shares of former US parent company
Ferro Fluidics Inc. via friendly TOB

99

00

98

Started mass production of vacuum seal for thethree axes of LCD plasma etching apparatus

Established second plant in Shanghai, China.
Renamed company as Ferrotec

In October, became listed on the Japan Securities Dealers Association(now the Tokyo Stock Exchange, JASDAQ Standard)

96

Independence
Developed ﬂuorine-based magnetic ﬂuid for ultra-vacuum seal

Established Ferrotec as the Japanese subsidiary of the US company(formerly Nippon Ferroﬂuidics)

Full-scale sales of vacuum seal commence

Opened the Chiba factory to start productionof 5.25 inch small seals for HDD

Started selling silicon single-crystal pulling apparatus

Foundation

Developed the multi-chamber system vacuum seal.
Became independent from the United States parent company

Developed 1mm thick HDD for laminate seal

Expanded to Hangzhou, China, founding theﬁrst of its China manufacturing base

95

97

94
93

92

91

19

20

Changes in consolidated total equity
Trends in Consolidated Sales

180,000

90

2014- (Global Market)
2002-2013 (Chinese Market)

200,000

89
88
87
86
85
84

83

1996-2001 (M&A Continuation)

Second Accelerated Growth

Accelerated Growth

220,000

82

1987-1995 (Began Operations in China)
1980-1986 (Founding and Market Involvement)

0
25
24
23
22
21
20
19
18
17
16
15
14
13
12
11
10

09

08

240,000

81

Development staff forsemiconductor crystal
manufacturing equipment
At Company Founding

07(million of yen)

80

Groundbreaking Ceremony
for Malaysia's Kulim Factory
Our Chinese Parts Cleaning
subsidiary was listed on
Chinext with an IPO on
December 30th, 2022.
At the time of 1987
independenceWith CEO of
NORD, Russia
With CEO of US
Company Amerigon
With United States
executive after TOB

Location Agreement for
New Kumamoto Plant withThe Town of Ozu
Signing Ceremony
RMT Ltd.

2025
2020
2015
2010
2005
2000
1995
1990
1985
1980

In Yinchuan Factory

The Joy of Growth

Financial Highlights
Sales/ Ordinary income

Total Assets/ Total net assets
Sales(million of yen)

Ordinary Income

250,000
210,81041 years have passed since our founding. We have overcome many peaks andvalleys of the business environment such as the IT bubble and the economic downturn
from the collapse of Lehman Brothers, to become the Ferrotec of today.
We will continue to be a company in which our stakeholders can enjoy enduring growth.

Segments

Semiconductor Equipment-related BusinessElectronic Devices Business

Others

4,263

0

8,227

11.1%

Semiconductor Equipment-related Segment(12%)

Ferroﬂuid

30.4%
(25%)

Thermo-electric
Modules

200,000
42,44825,994

26,537100,000(63%)

Ceramics
Products* ( ) is the previous year ﬁgures

Quartz
Products(yen)
668.06700(million of yen)

210,810
25,590133,82153,024

222,430(million of yen)

600

400

322.65300

222.9348.12

067,60022,600315

13,37027,023
132,194

17,27360,669Mar’-2021

130,072

82,122Mar’-2022

9,640
4,453

24,872
10,890Mar’-2024

12.6
7.8

3.6
2.4

4.5

5.8

△5

Mar’-2020 Mar’-2021 Mar’-2021 Mar’-2023 Mar’-2024

Company ProﬁleFerrotec Holdings Corporation

September 27, 1980

Head Ofﬁce

Nihonbashi Plaza Building 5F, 2-3-4 Nihonbashi, Chuo-ku, Tokyo 103-0027

Representative

CEO He Xian Han

JASDAQ, October 18, 1996 (Stock code: 6890) Current : TSE Standard Market.

Capital29,539,924,302 yen

Shares Issued

47,012,202 shares (Including 94,305 shares of treasury stock)

Employees[Consolidated ] 14,192 [Nonconsolidated] 66

Afﬁliated Companies [Consolidated Subsidiaries] 73 companies [Equity Method Subsidiaries] 12 companies

Group company business

Semiconductor Equipment-related Business: vacuum seal, Metalworking, quartz products, ceramics products,

24,09016,26015,886silicon products, SiC products, process tools parts cleaning, reclaim wafers, quartz crucibles,(Equity method afﬁliate) silicon wafers, SiC wafers

Electronic Device Business: thermo-electric modules, ferroﬂuid, power semiconductor substrate, Thermistor

6,183

Mar’-2023

11.8

Business Description Management of group companies and R&D

6,689

24,67491,312

11,178

14.3

10

0

△100

JASDAQ Standard

597

24,757

18.9

15

5

ROA

26.9

20

Founded35,042ROE

25

644.81

SiC Parts

Operating proﬁt ratio by segment

78,23950,147(Unit: %)Trade nameTrends in sales by segment

160,957

Mar’-2020 Mar’-2021 Mar’-2021 Mar’-2023 Mar’-2024

Mar’-2020 Mar’-2021 Mar’-2021 Mar’-2023 Mar’-2024

Power
Semiconductor

177,189

278,166

ROE (return on equity) / ROA (return on assets)

Net income per share

100

VacuumSeals

190,010249,6560Mar’-2020 Mar’-2021 Mar’-2021 Mar’-2023 Mar’-2024

200

58.5%

264,772

300,000

500

Electronic Devices Business Segments

410,648

400,000

91,31250,000510,026

500,000

133,821100,000 81,613

Total net assets

600,000

222,430

200,000
150,000

Total assets(million of yen)

△321

△291

△824

△2,277Mar’-2021

Mar’-2022

Mar’-2023

Mar’-2024* Others Laundry equipment and other related industrial equipment, silicon for solar cells, Industrial knife

See here for more information about ﬁnancial data
https://www.ferrotec.co.jp/en/ir/ir_ﬁnance_data.php

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