Fiscal Year Ending March, 2024
2Q Financial Results

November 8 th, 2023
Search “F-Tech” on the internet
https://www.ftech.co.jp
Copyright(c) 2023 F-TECH INC. All Right Reserved

F-TECH INC.
Ticker：7212
1

目次

1 決算概要Financial Summary

2 業績予想Earnings Forecast

3 経営戦略Management Strategy

4 トピックス
Copyright(c) 2023 F-TECH INC. All Right Reserved

Topics2

目次

1 決算概要Financial Summary

2 業績予想Earnings Forecast

3 経営戦略Management Strategy

4 トピックス
Copyright(c) 2023 F-TECH INC. All Right Reserved

Topics3

Consolidated Financial Results Overview（Year on Year）(Unit: Million yen)

FY Mar. 2023 2Q Actual

FY Mar. 2024 2Q Actual

ChangeSales

121,260

100.0％

139,303100.0％

18,043

14.9％

Operating profit▲1,090▲0.9％▲1,290

▲0.9％

▲200

－

Ordinary profit

213

0.2％

▲915

▲0.7％

▲1,128－Net income attributable toparent company shareholders

1,118

0.9％

▲516

▲0.4％

▲1,635－

Earnings per share (Yen)

60.19

－

▲27.78－▲87.97－FY Mar. 2023 2Q

FY Mar. 2024 2Q

Change１US$135.30Yen

142.61Yen

7.31Yen

１CAN$

104.06Yen

105.93Yen

1.87Yen

１Yuan(RMB)

19.13Yen

19.55Yen

0.42YenSales have shown an increase, yet the profit level has experienced a decline when compared to the corresponding quarter of the previous year. As forthe exchange rate, the JPY is displaying a trend towards depreciation.
Copyright(c) 2023 F-TECH INC. All Right Reserved4Consolidated Sales（Year on Year）（Unit：%）（Unit：Million）

Sales Share（%）

Consolidated Sales by Segment(Amount)
200,000

121,260
Japan 10,117

100,000

0

139,303

Japan

Japan

8.3%

9.9%

N.America

N.America

64.7%

69.6%

Japan 13,816

N.America

N.America

78,46897,004

Asia 32,674

Asia 28,483

FY Mar. 2023 2Q
ActualFY Mar.2024 2Q
ActualAsia 26.9%

Asia 20.4%

FY Mar. 2023 2Q
ActualFY Mar. 2024 2Q
Actual（Japan）+1.6％（N. America）+4.9％（Asia）▲6.5％

Change in Consolidated Sales
ChangeChange(%)

FX Impact

Real Difference

Change(%)

FY Mar. 2023 2Q

FY Mar. 2024 2Q

Japan

10,117

13,816

3,698

36.6％

ー

3,698

36.6％

N. America

78,46897,004

18,535

23.6％

4,282

14,254

18.2％

Asia

32,67428,483▲4,190▲12.8％

907▲5,098▲15.6％

Consolidated

121,260

139,303

18,043

14.9％

5,189

12,855

10.6％

New orders were secured in the North American and the Japanese markets, contributing to an upturn in revenue. Nevertheless, revenue
faced a decline in Asia, attributed to an abrupt transition towards electric vehicles in China.
Copyright(c) 2023 F-TECH INC. All Right Reserved5Consolidated Operating Profit by Segment （Year on Year）（Unit：Million Yen）

AmountFY Mar.
2023

FY Mar.
2024

2Q Actual

2Q Actual

Japan

182

372

190

104.4%

N.America▲2,205▲1,486

719

ー

Asia

705

▲173

▲878

－

Total

▲1,318▲1,28730－

Adjustmen
t

227

▲3

▲231

－

Consolidated▲1,090▲1,290▲200－

Change(%)＊The provisional accounting procedures for the business combination with India Steel Summit Private Limited have been established in the actual performance in the FY ending Mar. 2023.

The operating loss amounts to 1.29 bn yen, indicating a decline in operating profit by 0.2 bn yen compared to the same quarter last year. In the North
American market, operating profit has been improved compared to the corresponding quarter last year, yet the operating loss still reached 1.48 bn yen.
In the Asian market, the decrease in operating profit compared to the same quarter last year is attributed to reduced production in China.
Copyright(c) 2023 F-TECH INC. All Right Reserved

6Consolidated Operating Performance by Segment （Japan）
10,117

13,816

Change3,698

Change %36.6％

FY Mar.
2024 2Q

Real Change

3,698

Change %36.6％

1

Increase in product sales attributed to the acquisition of new orders.

2

Decrease in sales of Machinery and Tools.
(Intercompany sales of dies and equipment)

3

Decrease in sales of technical services.(Royalty, development fee, etc.)

4

Increase in sales of subsidiary companies in Japan.

5

Decrease in elimination of intra-group/intercompany transactions.

2,845▲2,932
▲147
768

3,164

372

FY Mar.
2023 2QFY Mar.
2024 2Q

Change %104.4％FX ImpactーReal Change

190

Change %104.4％

Profit rose as a result of increased product sales.

2

The effect of the decline in Machinery and Tools sales.

▲627

3

Profit decreased due to a decline in sales of technical services.

▲96

4

Profit rose as a result of increased sales within our subsidiarycompanies in Japan.

237

4Q

FY Mar.2023
FY Mar.2024

Quarterly Trends

0

190

Total

15

0

676

5

FY Mar.2023
FY Mar.2024
7,232

Quarterly Trends
7,216
6,601
6,006
5,422
4,695

3Q

1

3,698

Total

2Q

182

190

Reason of Change

Reason of Change

1Q

ChangeーFX Impact

FY Mar.
2023 2Q（Unit：Million Yen）

Operating Profit

Sales

510

357

288

0

▲ 328
1Q

0
▲ 53

2Q

3Q

4Q

Increase in revenue and profit was attributed to the reception of new orders from TOYOTA andthe improved production volume following the resolution of the semiconductor chip shortage.
Copyright(c) 2023 F-TECH INC. All Right Reserved

7

Consolidated Operating Performance by Segment （North America）
Sales
78,468FY Mar.2023 2Q

97,004FY Mar.2024 2Q

Change18,535

Change %23.6％

FX Impact

4,282

Real Change

14,254

Change %18.2％▲2,205Decrease in sales of Machinery and Tools.

3

The effect of foreign exchange conversion.

16,044▲1,791
4,282
Total

37,01350,783

1Q

Quarterly Trends
41,456 46,221 42,559
2Q

3Q

Change719

Change %ーFX Impact▲48

Real Change

767

Change %ー

Reason of Change

Increase in product sales(HM +12,853,Others+3,191)

2▲1,486FY Mar.2023 2Q FY Mar.2024 2Q

Reason of Change
1（Unit：Million Yen）

Operating Profit

1

Profit rose as a result of increased product sales.

2,152

2

Increase in labor cost due to tight labor market.

▲1,054

3

Decrease in profit of sales of Machinery and Tools.

▲331

4

The effect of foreign exchange conversion.

▲48
Total

18,535FY Mar.2023
FY Mar.2024
48,622

Quarterly Trends▲ 1,014 239

4Q▲ 1,192

▲ 118

719

FY Mar.2023
FY Mar.2024
1,283▲ 1,725

The increase in revenue was a result of securing new orders and the improvements in mass production following theresolution of the semiconductor chip shortage. Profit declined due to rising labor costs amidst a tight labor market.
Copyright(c) 2023 F-TECH INC. All Right Reserved

8Consolidated Operating Performance by Segment （Asia）
Sales
32,67428,483FY Mar.
2023 2Q（Unit：Million）

Operating Profit

FY Mar.
2024 2Q

Change▲4,190Change▲878

Change %▲12.8％

Change %▲124.6％

FX Impact

907

FX Impact

7

Real Change▲5,098

Real Change▲885

Change %▲15.6％

Change %▲125.6％705▲173

FY Mar.
2023 2QFY Mar.
2024 2Q

Reason of Change

Reason of Change
1（China）Decrease in product sales.

▲6,105

1(China)Profit decline resulting from reduced product sales.

2（APAC）Increase in product sales.

1,007

2

（APAC）Increase in profit due to higher product sales.

3

The effect of foreign exchange conversion.

907

3

The effect of foreign exchange conversion.

Total

18,104

13,815

1Q

Quarterly Trends
20,16014,570 14,668

2Q

3Q

15,316

4Q

289
7

Total

▲4,190FY Mar.2023
FY Mar.2024▲1,174FY Mar.2023
FY Mar.2024

663

Quarterly Trends
1,154
109

42
1Q ▲ 283

2Q

3Q

▲878

482
4Q

The decrease in both revenue and profit is attributed to the abrupt transition towards electric vehicles in the
Chinese market.
Copyright(c) 2023 F-TECH INC. All Right Reserved

9Changes in Operating Profit by Segments (FY Mar. 2024 2Q Actual)
2,180▲1,054▲1,090FY Mar.
2023

Product
Sales
ImpactMachinery andTools, andTechnical
services Sales
Impact

Japan

182

913

▲723

N.America▲2,205

2,152

▲331

Asia

705

▲885

Adjustment

227

Consolidated▲1,0902,180▲1,054▲1,054

▲41

Labor
cost

FX Impact▲1,054▲1,054▲230▲1,290Consolidated
Adjustment

FY Mar.
2024

Change

372

190

▲48

▲1,486

719

7

▲173

▲878

▲230

▲3

▲231

▲230

▲1,290▲200▲41

Copyright(c) 2023 F-TECH INC. All Right Reserved

10

目次

1 決算概要Financial Summary

2 業績予想Earnings Forecast

3 経営戦略Management Strategy

4 トピックス
Copyright(c) 2023 F-TECH INC. All Right Reserved

Topics11

Consolidated Earnings Forecast（Compared to the Previous Forecast）（Unit：Million Yen）

Previous Forecast

Forecast for this time

Change287,000

100.0％

294,000

100.0％

7,000

2.4％

Operating profit

5,600

2.0％

3,700

1.3％

▲1,900▲33.9％

Ordinary profit

3,500

1.2％

1,800

0.6％

▲1,700▲48.6％Net income attributableto parent company
shareholders

1,500

0.5％

400

0.1％

▲1,100▲73.3％

80.69

ー

21.53

ー

▲59.16ーSales

Earnings per share (Yen)Previous Forecast

Forecast for this time

Change１US$

128.00Yen

140.81Yen

12.81Yen

１CAN$

95.00Yen

104.96Yen

9.96Yen

１Yuan(RMB)

18.70Yen

19.55Yen

0.85YenThe sales have increased, however, the profit level has decreased compared to the previous forecast. As for the exchange rate, the JPY is displaying a
trend towards depreciation.
Copyright(c) 2023 F-TECH INC. All Right Reserved

12Consolidated Sales (Compared to the Previous Forecast )（Unit：Million Yen）

350,000
300,000
250,000
200,000
150,000
100,000
50,0000（Unit：%）

Sales Share（%）

Consolidated Sales by Segment(Amount)

Japan10.2%

Japan 10.7%

N.

N.

America

America

69.0%

69.0%

287,000

294,000

Japan 29,344

Japan 31,362

N.

N.

America

America

197,911203,010

Asia 59,745

Asia 59,628

Asia 20.8%

Asia 20.3%

FY Mar.2024 Previous Forecast

FY Mar. 2024 Updated

FY Mar. 2024 Previous Forecast

FY Mar. 2024 Updated（Japan）+0.5％（N. America）
0％（Asia）▲0.5％

Change in Consolidated Sales
Previous
Forecast

Updated
Forecast

ChangeChange %FX Impact

Real Change

Change %Japan

29,34431,362

2,018

6.9%

―

2,018

6.9%

North America

197,911203,010

5,099

2.6%

18,441▲13,342

▲6.6%

Asia

59,74559,628

▲117

▲0.2%

3,025

▲3,142▲5.3%

Consolidated

287,000

294,000

7,000

2.4%

21,466▲14,466▲4.9%

Although revenue increased due to the impact of foreign exchange conversion, actual revenue decreased in reality.
Copyright(c) 2023 F-TECH INC. All Right Reserved

13

Operating Profit by Segment (Compared to the Previous Forecast )（Unit：Million Yen）

AmountFY Mar.
2024

FY Mar.
2024

Previous
Forecast

Updated
Forecast

ChangeChange
(%)

627

1,039

411

65.6%

3,875

1,167

▲2,708▲69.9%

Asia

931

994

63

6.8％

Total

5,435

3,202

▲2,233▲41.1％

Adjustment

164

498

333

202.1％

Consolidated

5,600

3,700

▲1,900▲33.9％

Japan
N.America

The operating loss stands at 3.7 bn yen, signifying 1.9 bn yen decrease in profit compared to the previous forecast. In the North
American market, the operating profit was 1.17 bn yen, indicating 2.7 bn yen decrease in profit from the previous forecast.
There has been an increase in profit in Japan and China.
Copyright(c) 2023 F-TECH INC. All Right Reserved

14

14

Operating Profit by Segment (Compared to the Previous Forecast )
5,600
▲947

147

▲19

334

3,700

Consolidated
Adjustment

Updated
Forecast▲1,414Previous
Forecast

Product
Sales
ImpactMachinery
and Tools,
and Technicalservices Sales
Impact

Japan

627

629

▲217

North
America

3,875▲1,512

134

Asia

931

▲64

64

Adjustment

164

Consolidated

5,600

▲947

▲19

Labor
cost

FX Impact▲1,414▲1,414

Copyright(c) 2023 F-TECH INC. All Right Reserved

Change

1,039

412

84

1,167

▲2,708

63

994

63

334

498

334

334

3,700

▲1,900

147

15

目次

1 決算概要Financial Summary

2 業績予想Earnings Forecast

3 経営戦略Management Strategy

4 トピックス
Copyright(c) 2023 F-TECH INC. All Right Reserved

Topics16

The 15th medium-term business plan（herein after 15th mid-term plan)～ Overview
GrowthCompany
policyWe contribute to society by improving earning power and achieving sustainable growth.

The 16th mid-term business plan
(FY26-FY28)
Targets to achieve :Operating profit ratio 5%

Challenge for New● Strategically pursue growing business opportunities

Establishment of sustainability Management-Expand Added Value through Strategic Sales Activities-Expand EV commercial rights- Maximize development efficiency-Establish new technology-Strengthen ESG management initiatives-Promote the realization of carbon neutrality-Improve evaluations by stakeholders

Earning profit

Back to Basics●Enhancing earning power

Reducing Debt

Investment for growthPursuing
the Essenceof“Mono-zukuri”(Manufacturing)●Improving financial structure-Develop F-Tech's integrated support to sites with issues-Increase profits by strengthening competitive advantage-Improve staff engagement-Develop human resources who can take an active rolein the F-Tech family-Recovering return on invest of 14 mid-term term-Control of Investment amount-Reinforce of the monitoring system for the profit
situation of each site

Earning power
Copyright(c) 2023 F-TECH INC. All Right Reserved

17

The 15th Mid-term Business plan：

Strengthening earning power - Integrated support for problem sites◆Engineer supports to North America
・ Tight supply and demand in the labor market：
The retiree due to COVID-19 have not returned in the market. Staff shortage and rising labor costs are worsening.
→ Increase the profits by pursuing the essence of manufacturing.

・ Technical support throughout the group

North America

Pursuing the essence of
manufacturing

MeasuresIssuesForming

Lack of operators, low efficiency
Mold failure

Put in technical experts toimprove the problems / Training

Welding

Decrease in efficiency
due to quality deterioration

Stabilization of New technology /Quality improvement guidance

Quality
management

Operational deficiencies

System review & operational
improvement / guidance

Painting

Frequent occurrence of defective
products for certain parts

Improvement of chemical management/
Equipment improvement

Production
controlLack of ability to cope withproduction fluctuation

Improvement guidance to create
flexible production plans

Integrated
Support

A total of 40 supporters were dispatched for 60 days.
Japan

MexicoCanadaCopyright(c) 2023 F-TECH INC. All Right Reserved

China

Improve
Quality /Production and
Delivery efficiency• Loss Reduction• Overtime cost
reduction• Promote in-houseproduction• Stabilization of
personnel

profitgeneration

18

The 15th Mid-term Business Plan：

Strengthening earning power - Improving engagement / human resource development◆Started the measure to improveengagement by the president
1. F. Career Design Advance
Create opportunities for the president andemployees to have free discussions andencourage growth. The president talks about
the company's vision, issues, expectations for
employees, etc., and freely exchanges opinions.

2. President's message video
The president shares the company's status,
policies, and latest information to all employees.

◆Other measures
1. Individual engagement improvement
measures by each department
Development measures based on survey results
and carried out by committee.

2. Interviews by executive officers with
employees of other divisions
The aim is to increase employee’s motivation andbroaden the horizons of both parties.

3. Human resources measures
・Fostering voluntary reassignment through an open
recruitment system.
・Re-evaluation of retired employee.
・Promoting women in management positions.
・Evaluating processes through personnel evaluation,
promoting interviews
・Started of trainee exchange with overseas sites

The source of earning power is “people”. Reborn as a profitable group that thinks and acts on its own
Copyright(c) 2023 F-TECH INC. All Right Reserved

19

The 15th Mid-term Business Plan：

Improving financial structure - Harvesting Results from the 14th Mid-Term Plan Investments

F&P MFG DE MEXICO, S.A. DE C.V.

*Conversion exchange rate:
FY2022：132 Yen to US Dollar
From FY2023 ：139.4 Yen to US Dollar

Invested approximately $100 million during the 14th mid-term business plan to the orders
for ４ vehicle models (including ３ EV models) from ３ automakers.
※The details of Investment：The building expansion 10M, Expansion of forming & painting capacity 21M, Welding line for new models, etc. 67M）

Status

Details of Investment

Done smoothly and the installation
was completed in preparation formass production.

Addition
forming 3500t ・1000t

Established
new 8 welding lines & a painting line
Share by Customer

Results ( Sales )FY2022
27Billion Yen

FY2023Forecast
40Billion Yen

The production of new
mass-produced models has
started smoothly.

Status・GM：43.0％
・Te：22.9%
・Honda：17.6%
・Ste： 4.1％

Sales increased due to productionof new models, and profits steadily
increased. It grows into ourcompany's mainstay of earnings

Copyright(c) 2023 F-TECH INC. All Right Reserved20

Pursue growing business strategically

15th Mid term Business Plan：※ Only some of the car models are shown that were started in the first half of 2023

F-tech aims to start production of other models and continue to receive orders
through” increased added value from strategic sales activities”
and “expansion of EV commercial rights”,

Started production of products for LEXUS LBX!

Annual plan: 10,000 units
Japan
Started production of products for Japanese compact cars!
Annual plan: 120,000 units

North
America

Started production for GM BEV！
Chevrolet Blazer EV
Chevrolet Equinox EV
Annual plan: 130,000 units
Copyright(c) 2023 F-TECH INC. All Right Reserved

21

15th Mid-Term Business Plan：Establish sustainable management
Sustainability Policy
Based on Mission Statement, Corporate Philosophy and Our Action Guidelines, we are committed tosolving global challenges and enhancing our corporate value through business activities aimed at realizing
a sustainable mobility society.

Basic Policy on Carbon Neutrality
Together with society and our customers, we aim to realize a decarbonized society through our contribution to mobility.

Year 2035〇 We aim to realize carbon neutrality for CO2 emissions (Scope1/2) used in our own
manufacturing area by 2035.

Year 2050〇 We will challenge to achieve net-zero CO2 emissions throughout our entire
business, including the supply chain.

Decarbonization in BusinessContribution to a Mobility Society

・Promotion of energy conservation and electrification
・Gradual introduction of renewable energy and low-・Manufacturing products that meet customer needs
・Reduction of environmental impact over the entire
vehicle life cycle based on LCA evaluation

carbon electricity
・Plan to introduce large-scale, high-efficiency facilities

We will promote global efforts to achieve the goal of "carbon
neutrality in our manufacturing area" by 2035.
Copyright(c) 2023 F-TECH INC. All Right Reserved

222050 Carbon Neutrality Roadmap
Phase

Energy saving and high efficiency/ Approach to products

Efforts so far
・Weight reduction,
improved fuel efficiency

Environmentally friendly productdevelopment
・Study for low CO2 specification in the development area
・Low emission production process
・Low emission design
Development-production
collaboration throughintegrated production process

De-carbonization of business areas
Production

area

Efforts so far
・Energy saving
・ISO50001 Introduction
・Partial introduction of
CO2 low emission power

Minimize CO2 emissions in the
production process
・LCA compatible
・Energy saving and high efficiency
・Planned introduction of renewable andelectricity with low CO2 emission power

Response tocustomer needs

Carbon Neutrality
in Materials and Logistics

Expansion into the supply chain
Minimize CO2 emissions of subcontractors(Tier 2 and below) Energy saving for de-carbonization/ Request for renewable and low emission power power

Electrification of gas facilities
Minimize CO2 emissions for Scope 1 (direct
combustion)・Electrification of the painting process, etc.

Expansion of renewable energy

２
０
５
０

Achieving Carbon Neutrality

Ftech Carbon neutrality challenge

Contribution to Mobility Society

Design
Dev.
EG
area

2050 Scope 3 Achieve
Carbon Neutrality

2035 Scope1/2 Achieve Carbon Neutral in
Production area

TargetChange fordecarbonized society

Strengthening collaboration withother industries and supply chains

Active utilization of renewable energy

2022

2035

Achieve Carbon Neutrality in our production area by 2035, and throughout ourbusiness including the supply chain by 2050.
Copyright(c) 2023 F-TECH INC. All Right Reserved

23

Regarding Standard Market Selection
Criteria for listing on the Prime Market

End of 2023/3
StatusNumber of tradable
shares

20,000 units

112,009 units〇

Tradable share market
Capitalization

10 billion yen

6.57 billion yen

×Trading Value

0. 02 billion
yen/day

0. 04 billion
yen/day

Tradable share ratio

35％

10,970 persons

60.8％

〇

〇
〇

1000

Tradable share
流通株式時価総額
MKT Cap.

Reached 113,759 units（+17,500）
25,000

million yen
Share price株価

880yen20,000800
15,000600Over 10 billion yen

10,000
400
200
0

5,000
0

Market capitalization of tradable shares

800 persons

1200 yenstock price

Number ofshareholders

Number of tradable shares

Increase No. of tradable shares andtake measures to improve share pricecriterion

Required
Criteria

Criteria for listing on the Prime Market

To "eliminate the risk of non-compliance with the criteria for listing on the prime market" andto concentrate our management resources on “medium to long-term profit improvement
and strengthening of our financial position“,

We have decided to move to standard market on October 20, 2023
Copyright(c) 2023 F-TECH INC. All Right Reserved

24Trends in Major Stock Price Related Indicators
Unit

2016/32017/3

2018/3

2019/32020/32021/32022/32023/3・Low profit level after FY2020/3 dueMillionOperating profit yen

6,821

8,035

6,856

6,580

4,088

3,072

1,142

2,038

to the effects from covid-19 andsemiconductor shortages.

Net income
Millionattributable to parent
yen
company shareholders

2,704

4,035

4,709

2,844

328 ▲ 1,165

209

1,734

・Profit levels and a reluctance to buy

1,066

1,415

1,323

892

426

545

659

Stockprice (Yearend closing price)

Yen

751

automotive sector stocks kept stock
prices low.

・As a results, ROE and PER are low
EPS

Yen

175.72

BPS

Yen

1,904.22 2,008.00 2,146.83 2,236.24 2,144.91 2,153.99 2,410.51 2,674.13

ROE

%

PER

Time

PBR

Time

240.76251.65

9.23% 11.99% 11.72%
6.07
0.56

5.88
0.70

5.26
0.62

151.9817.54 ▲ 62.26

11.17

92.65

6.80%

0.82%

-

0.46%

3.47%

5.87

24.29

-

48.8

7.11

0.40

0.20

0.35

0.22

0.24

and PBR is only 0.2x.

・On the other hand, even when ROE
is in the 11% range, PBR is at the
0.6-0.7x level and the stock price is
at a discount level.

An approach from both aspects ofprofit improvement and stock priceenhancement is necessary.

Execute the 15th Mid-Term Business Plan to "strengthen earning power" and develop "measures
to improve stock price" in line with profit levels.
Copyright(c) 2023 F-TECH INC. All Right Reserved

25

目次

1 決算概要Financial Summary

2 業績予想Earnings Forecast

3 経営戦略Management Strategy

4 トピックス
Copyright(c) 2023 F-TECH INC. All Right Reserved

Topics26

Initiatives to support Sustainable Growth◆Exhibit at Nikkei IR and Investor Fair 2023

◆Food Drive activity will be held

Exhibited at Nikkei IR & Individual Investor Fair held at
Tokyo Big Sight on September 1 (Fri.) and 2 (Sat.), 2023.

Food drive in tie-up with
Saitama Resona Bank, Ltd.
A joint presentation ceremony isscheduled to be held at the Company

Company presentations, product displays, and leaflet
distribution at the booth.
・ Company information sessions:
6 times a day, 12 times in total. Participants: 206 in total

・ PR was conducted through the event.

on Wednesday, November 22.
※Photo shows last year.

◆Clean-up activities

The company aims to contributeto local communities and raise
employees' awareness of CSR,
We conduct a variety of clean-up
activities every year at our global
locations and in Japan.

We are contribute to society and local communities through various activities
Copyright(c) 2023 F-TECH INC. All Right Reserved27

High recognition acquired from customers （First half of FY2023）
Japan

North America

GlobalQuality

Kameyama
Plant

Production
Engineering

F-techTotal

March 2023 General Motors

F&P（Canada）
F&P（Canada）
FPA（America）

Quality ,Delivery

April 2023

Honda 「Service Parts Award」 「Delivery & Quality Award」

QualityJune 2023

General Motors「Supplier Quality Excellence Award 2022」

QualityJune 2023

General Motors「Supplier Quality Excellence Award 2022」

QualityJune 2023

General Motors「Supplier Quality Excellent Award 2022」

FPMX（Mexico）

Improvement

Asia
ISS
（India）

July 2023

NISSAN「Nissan Global Supplier Award」「Global Quality Award」

April 2023

Awarded by Ministry of Education, Culture, Sport, Science and Technology- Prize for creativity「Improvement of R/L contamination prevention device for 1000 presses」

 May 2023

「31st annual Supplier of the Year Award」

Guanajuato State, Mexico「Award for improvement activities」



Sep. 2023

Department of Industrial Works, Ministry of Industry Thailand「2023 CSR-DIW Award」

QualityJuly 2023

NISSAN

PerformanceJuly 2023

DAIHATSU Global「Daihatsu Global Contribution Award」

QualityJune 2023

DENSO Haryana「Overall Performance Award」

PerformanceJune 2023

DENSO JAPAN「Excellent Performance Award」

QualityMay 2023

Shiroki Automotive India

Quality
FMTL（Thailand）

「Nissan Supplier Meeting Quality Finalist」

Copyright(c) 2023 F-TECH INC. All Right Reserved「Best Supplier QCD Award」

28

ご清聴ありがとうございました
Thank you for your attention!

本資料で記述している将来予測及び業績予想は、現時点で入手可能な情報に基づき当社が判断した予想であり、潜在的なリスクや不確実性が含まれています。
そのため、様々な要因の変化により実際の業績と記述としている将来見通しは 、大きく異なる
可能性があることを御承知おき下さい。
The future outlook and earnings forecasts in this document are made based on the information
available at the moment, and they include potential risks and uncertainties.
As a result, please bear in mind that actual business performance may substantially differ fromthe stated future forecasts due to changes in various factors.

「エフテック」で検索
https://www.ftech.co.jp

IR情報のお問い合わせ、取材申し込みは
For inquiries on IR information, please contact:

株式会社エフテック 管理本部 総務部/経理部
F-TECH INC.

代表TELManagement Planning Division General Affairs Department/Finance and Accounting Department0480-85-5211

Mailwebmaster@ftech.co.jp”If there is a difference between the Japanese version and English version, please consider the Japanese as the correct one.
Copyright(c) 2023 F-TECH INC. All Right Reserved

Copyright(c) 2023 F-TECH INC. All Right Reserved

Appendix-Corporate Overview

Company Name

F-TECH INC.

Market Segment

Prime Market (7212)

Capital6.79 Billion Yen

President and CEO

Yuichi Fukuda

Consolidated Sales

261.1 Billion (year ending Mar 2023)

Number of
Employees(Consolidated)

9,763 (Non-consolidated: 926)
*The number of F-TECH (926 employees) does not include those of subsidiaries and expats.

Established

July 1, 1947

Address

19, Showanuma, Shobucho, Kuki, Saitama 346-0194, JAPANMain Customers

Honda, General Motors, Nissan, Toyota, etc.

Main Products

Underbody parts for automobile - suspension arm, sub-frame, axle beam,
pedal control, etc.
As of March 31, 2023
Copyright(c) 2023 F-TECH INC. All Right Reserved

Appendix
Establishment-F-tech’s History

4 wheel businessBusiness expansion

Global expansion（1947‐1964） （1965‐1987）（1988‐1999）（2000‐ current）

1986
2014

1999
1964

F&P Mfg (Canada)
operation begins

Renamed to Fukuda
Press Kogyo

1978

2012 F&P MFG.DE MEXICO established1967

Fukuda Seisakusho
Established andmetal toy
1965
production begins

2008
Ftech R&D Philippines established

1993
Kameyama plant mass
production begins

1988

2023

F&P America operation begins

1991
Mitsubishi business starts

Renamed to F-tech2022

Acquire shares of India Steel
Summit and consolidate as a
subsidiary.
2006
Transition to New “Prime Market”
F-TECH MFG（THAILAND) operation begins
Listed on the first section of the Tokyo Stock Exchange Of theTokyo Stock Exchange

2004 F-tech WUHAN Inc. operation begins

4 wheel parts
production begins

F-TECH NORTH AMERICA
INC. establishedF.tech R&D (Guangzhou) INC established

Ftech Philippine operation begins

1947

YANTAI FUYAN MOULD CO., LTD established

2011

1994
HQs transferred to Kuki

Motorcycle parts
production begins

Transition to Standard
Market on the Tokyo Stock
Exchange

PT.F.TECH INDNESIA established
Michigan/R&D NA Office established

Listed on over-the-counter market
Nissan Shatai business starts

Honda business starts

2023

2013

1996
1995

1959

R&D NA Europe Branch established1997 Daihatsu business starts
Dyna-Mig operation begins

2003 R&D North America established

2021

TOYOTA MOTORCORPORATION business starts

2020
2002 F-tech Zhongshan Inc operation begins. Joint investment in VEE GEE
Auto Components Pvt Ltd.
2001 TOYOTA North America
business starts Suzuki business starts
Listed on the second section of theTokyo Stock Exchange
2000 Nissan Motors business starts
F&P Georgia Mfg.,Inc established

Copyright(c) 2023 F-TECH INC. All Right Reserved

2018
F-TECH AUTOMOTIVECOMPONENTS PRIVATE LIMITED
establishedAppendix-Our Vehicle Components

Suspension Parts

Control parts
RR

FR

Module Assy

MountedComponents

Our products are critical safety auto parts which perform fundamental functions,“Drive”, “Turn” and “Stop”. We aim at the optimal specifications considering thehigher operation stability, riding comfort, and safety at the time of the collision.
Copyright(c) 2023 F-TECH INC. All Right Reserved

Appendix -Our Business Outline（Chassis Parts Development and Production）
Product
Development

Forming

Welding

Painting

Assembly

All processes, from product planning and development to mass-production, are carriedout through F-TECH’s proprietary integrated processing system, which enables F-TECH
to supply products that own competitiveness, even in short time frame.
Copyright(c) 2023 F-TECH INC. All Right Reserved

Appendix -F-tech Group Companies in Japan【Facilities】
Head Office・Kuki Plant
Kameyama Plant
Haga Technical Center
Equipment Center【Group Companies】
Fukuda Engineering
Kyushu F.tech Inc.
Reterra Inc.
JohnanManufacturing Inc

Johnan Kyushu
Manufacturing Inc.

【Affiliated Companies】
Johnan Manufacturing Inc.
Johnan Kyushu
Manufacturing Inc.

Reterra Inc.
(Chichibu)

Haga Technical Center

Kyushu F.tech Inc.

Equipment Center (Kazo)
Head Office・Kuki Plant

Kameyama
Plant
Copyright(c) 2023 F-TECH INC. All Right Reserved

Fukuda Engineering Co., Ltd(Kazo)

Appendix -F-tech Group Overseas Subsidiaries （As of April 1st, 2023)
Dyna-Mig,Adivision of
YANTAI FUYAN MOULD
F&P Mfg.,Inc.
CO.,LTDF-Tech WUHAN Inc.

F&P AMERICA MFG.,INC.

F-Tech Zhongshan Inc.

F&P Georgia, Adivision of
F&P America Mfg.,Inc.

F-TECH AUTOMOTIVECOMPONENTS Pvt. Ltd.
India Steel Summit
Private Limited
F-TECH MFG.
(THAILAND)LTD.

F.techR&D(Guangzhou)inc.
F.TECH PHILIPPINES, MFG.,INC.
F.tech R&D Philippines Inc.
PT.F.TECHINDONESIAF&P MFG.,INC.
Michigan/R&D NA Office
F-TECH NORTHAMERICA INC.
F.TECH R&D
NORTH AMERICA INC.

F&P MFG DE MEXICO,S.A. DE CV.
F.E.G. DE QUERETARO
S.A. DE C.V.

Production plants

R&D, Sales facilities

North America (6)China (2)Asia (4)North America (3)China(2)Asia (2)F-tech has 12 production plants and 7 R&D, Sales facilities in 8 countries.
Copyright(c) 2023 F-TECH INC. All Right Reserved

Appendix -Affiliates and Alliances（As of April 1st, 2023)

Johnan Wuhan Inc.

Shanghai Huizhong
JV OZAUTO-AUSTEM L.L.C.

POS-AUSTEM Yantai
Automotive Co. Ltd.

JOHNAN AMERICA INC.

SMC Co.,Ltd.
PROGRESSIVE TOOLS &COMPONENTS(P) Ltd.
VEE GEE Auto Components
Private Limited.
VEEGEE Industrial
Enterprises PVT. LTD
ERECT ENGINEERINGPRESSWORKS SDN.BHD.
DELLOYD Industries(M) Sdn Bhd

CHEN IEU INDUSTRY CO., LTD.
POS-AUSTEM Wuhan
Automotive Co. Ltd.
JOHNAN F.TECH(THAILAND)LTD.
PT.JFD INDONESIA

JOHNAN DE MEXICO,
S.A.DE C.V.

COSMA DO BRAZIL

Affiliates

Alliances

North America (2)Asia (3)China (1)South America (2)Asia (6)China (3)GESTAMP BRAZIL

We have established optimal business partnerships in 6 countries and 1 region in order tosupply our products globally.
Copyright(c) 2023 F-TECH INC. All Right Reserved