Fiscal Year Ending March, 2023
2Q Financial Results
November 7th, 2022
F-TECH INC.
TSE Prime Market：7212

https://www.ftech.co.jp
Copyright(c) 2022 F-TECH INC. All Right Reserved1Table of Contents

1

4

Financial Summary

2

Earnings Forecast

3

Management Strategy
TopicsCopyright(c) 2022 F-TECH INC. All Right Reserved

2

Table of Contents

1

4

Financial Summary

2

Earnings Forecast

3

Management Strategy
TopicsCopyright(c) 2022 F-TECH INC. All Right Reserved3Consolidated Financial Results Overview (Year on Year)（Unit： Million Yen）

FY Mar. 2022
2Q ActualFY Mar.2023
2Q Actual

ChangeSales

89,049100.0%

121,260

100.0%

32,211

36.2%

Operating Profit▲1,424▲1.6%▲1,085

▲0.9%

338

-

Ordinary Profit▲1,627

▲1.8%

229

0.2%

1,856

-

Profit Attributableto Owners of Parent▲2,340

▲2.6%

661

0.5%

3,002

-

Earnings Per Share(Yen)▲125.94

-

35.61

-

161.56-

FX Rate（Unit： Yen）

FY Mar. 2022

FY Mar. 2023

Change１US$110.10135.30

25.20

１CAN$

88.59

104.06

15.47

１Yuan(RMB)

16.76

19.13

2.37

Returned profitable in Ordinary profit and Net income attributable to owners of parent
Copyright(c) 2022 F-TECH INC. All Right Reserved4Consolidated Sales (Year on Year)（Unit：%）（Unit：Million Yen）

Consolidated Sales by Segment
150,000

89,049

Sales Share （%）

121,260

125,000
75,00050,00025,000Japan, 8.3%

N. America,
58.5%

N. America,
64.7%（N.America）
6.2％（Asia）▲4.6％

Japan, 10,117

100,000
Japan, 8,806

N. America,
52,107

N. America,
78,468（Japan）▲1.5％

Japan, 9.9%

Asia, 28,134

Asia, 32,674

Asia,
31.6%

Asia,
26.9%

FY Mar.2021
２Q Actual

FY 2022
２Q ActualFY Mar. 2021
2Q ActualFY Mar. 2022
2Q Actual0

Change in Consolidated SalesFY Mar. 2022

FY Mar. 2023

ChangeChange(%)

FX Impact

Real Difference

Change(%)

Japan

8,806

10,117

1,310

14.9％

-

1,310

14.9％

North America

52,10778,46826,36050.6％

12,665

13,695

26.3％

Asia

28,13432,674

4,539

16.1％

3,903

637

2.3％

Consolidated

89,049121,260

32,211

36.2％

16,56815,643

17.6％

Despite the impact of semiconductor shortages, production in North America increased due to new orders
Copyright(c) 2022 F-TECH INC. All Right Reserved

5Operating Profit by Segment (Year on Year)（Unit：Million Yen）

AmountFY Mar.2022 FY Mar.2023
2Q Actual

Change2Q Actual

Change
(%)

Japan

▲152

182

334

―

North
America▲2,148▲2,205

▲56

―

Asia

1,020

710

▲310

▲30.4％

Total▲1,280▲1,313▲32―

Adjust.

▲143

227

371

―

Consolidated▲1,424▲1,085338―

Copyright(c) 2022 F-TECH INC. All Right Reserved

6Consolidated Operating Performance by Segment (Japan)
Sales（Unit：Million Yen）

Operating Profit

8,806

Change10,117FY 2022

FY 2023

1,310

Change(%)

14.9％

FX Impact―

Real Change

1,310

Change(%)

14.9％

▲152

182

FY 2022

Reason of Change

FY 2023

Change334

Change(%)―

FX Impact―

Real Change

334

Change(%)―

Reason of Change

1

New orders received from TOYOTA and rising selling price due to thematerial price hike

1,060

1

Decrease in income due to HM Sayama plant shutdown and soaring
price, despite increase in sales by new orders received▲39

2

Machinery and tools sales increase(Sales of die equipment for the Group)

1,334

2

Increase in income due to higher machinery and tools sales

367

3Technical services sales increase （Royalty, Development fee, etc.）571

3Increase in income due to higher technical services sales

571

4

Domestic subsidiaries sales increase

136

4

Domestic subsidiaries profits decrease

▲156

5

Inter-company sales decrease▲1,791

5

Decrease in income due to lower sales to the Group

▲409

Total

FY 2022

Quarterly Change
4,771 4,695

4,035 5,422

1Q

2Q

Total

1,310

5,785

3Q

FY 2023

FY 2022

Quarterly Change

5,767

4Q

334

509
184

462

FY 2023892▲ 327 ▲ 336

Sales and profit increased owing to the effect of machinery and tools sales and technical services income covering thedecrease in product sales
Copyright(c) 2022 F-TECH INC. All Right Reserved

7North )Consolidated Operating Performance by Segment ( America
Sales（Unit：Million Yen）

Operating Profit

52,10778,468FY 2022

FY 2023▲56

Change26,360Change(%)

50.6％

Change(%)―

FX Impact

12,665

FX Impact▲410

Real Change

13,695

Real Change

353

Change(%)

26.3％

Change(%)―▲2,148FY 2022

Reason of Change

Change▲2,205FY 2023
Reason of Change

1

Increase of product sales(HM▲2,343, Others9,625)

7,282

1

Increase in income due to higher product sales

971

2

Increase of machinery and tools sales

2,984

2

Increase in income due to higher machinery and Tools sales

850

3

Rising selling price reflecting material prices hike

3,429

3

Influence of soaring cost prices( transportation cost, wage, fuel )

▲617

4

FX impact

12,665

4

Decrease of government grant, others

▲850

5

FX impact▲410

526,360Total

Quarterly Change
37,012
27,30724,800

1Q

▲56

Total

Quarterly Change

FY 2022

FY 2023

34,36041,4562Q▲ 788 ▲ 1,013 ▲ 1,360

25,0563Q

4Q▲ 2,077

1,423▲ 1,192

Sales increased due to new orders, but Operating profit decreased due to soaring cost and the elimination of temporary
favorable factors.
Copyright(c) 2022 F-TECH INC. All Right Reserved

8Consolidated Operating Performance by Segment (Asia)
Sales
28,134

FY 2022（Unit：Million Yen）

Operating Profit
Change32,674

FY 2023

26,360

1,020

▲310

Change710

Change(%)▲30.4%

12,665

FX Impact

95

Real Change

13,695

Real Change

Change(%)

26.3％

Change(%)

50.6％

FX Impact

FY 2022

Reason of Change▲405▲39.7％

Change(%)

FY 2023
Reason of change

1(China)Sales decrease （Material cost hike 3,123 、Orders received
decrease ▲4,920 )2(Asia ) Orders received increase

3(Asia)Sales increase due to ISS acquisition

1,777

4

FX Impact

3,903▲1,797

1(China)Decrease in income due to lower product sales

▲779

2

( Asia)Increase in income due to higher product sales

294

3(Asia )Increase in income due to ISS acquisition

80

4

FX impact

95

656

5

4,539

Total

Quarterly Change
14,478

18,103

FY 2022

13,656 14,571

13,896

FY 2023

Quarterly Change

2Q

3Q

FY 2022

4Q

FY 2023

1,579

17,976
662

693
1Q

▲310

合計 Total

1Q

692

327

48
2Q

3Q

4Q

China : Decrease in sales and profit due to Shanghai Lockdown,,
Asia : Increase in sales and profit due to production recovery and acquisition of ISS
Copyright(c) 2022 F-TECH INC. All Right Reserved

9Changes in Operating Profit by Segments ( FY Mar.2023 2Q Actual )

371

▲850
▲1,424▲869

213▲1,085

▲315

1,788
FY
Mar.2022
2Q

Japan

▲152

North
America▲2,148

Asia

1,020

Adjust▲143

Consolidated▲1,424

Covid-19
Government
Grant etc.

▲850

Product
Sales
ImpactMachinery
and Tools,&
Technical
services
sales impact

Soaring
Prices

▲352

938

▲252

970

850

▲617

FX Impact

213

1,788

▲869

FY
Mar.2023
2Q

Change

182

334

▲410

▲2,205

▲56

95

710

▲310

371

227

371

371

▲1,085

338

▲405
▲850

Consolidated
Adjustment▲315

Copyright(c) 2022 F-TECH INC. All Right Reserved

10Table of Contents

1

4

Financial Summary

2

Earnings Forecast

3

Management Strategy
TopicsCopyright(c) 2022 F-TECH INC. All Right Reserved

11Consolidated Budget Outlook ( Compared to the Previous Forecast )（Unit： Million Yen）

Previous Forecast
Sales

Forecast for this time

Change270,000

100.0%

270,000

100.0%-

Operating Profit

4,000

1.5%

2,000

0.7%

▲2,000▲50.0％

Ordinary Profit

3,000

1.1%

2,400

0.9%

▲600

▲20.0％

Profit Attributable to
Owners of Parent

1,000

0.4%

1,500

0.6%

500

50.0％

Earning Per
Share(Yen)

53.80

―

80.69

―

26.89

―

FX Impacts（Unit： Yen）

Previous Forecast

Forecast for this time

Change１US$127.00136.25

9.25

１CAN$

99.50

105.26

5.76

１Yuan(RMB)

19.00

19.61

0.61

Decrease In Operating Profit and Ordinary Profit. Increase in Profit Attributable to Owners of Parent
Copyright(c) 2022 F-TECH INC. All Right Reserved

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

Consolidated Sales by Segment(AMT)
300,000
250,000
200,000
150,000

Sales Share (%)

270,000

270,000

Japan,
10.1%

Japan, 9.5%

（Japan）▲0.6％

N. America,
170,546

N. America,
172,250

N. America,
63.2%

N. America,
63.8%（North America）
0.6％

Asia, 72,163

Asia, 72,120

FY 2023
Previous
Forecast

FY 2023
Updated
Forecast

Japan,
25,630Japan,
27,290100,000
50,0000Asia, 26.7%

Asia, 26.7%

FY 2023
Previous Forcast

FY 2023
Updated Forecast（Asia）-

Change in Consolidated Sales
Previous
Forecast

Updated
Forecast

ChangeChange %FX Impact

Real Change

Change %Japan

27,29025,630▲1,660▲6.1％-▲1,660▲6.1％

North America

170,546

172,250

1,703

1.0％

10,097▲8,393

▲4.9％

Asia

72,163

72,120

▲43

▲0.1％

2,330

▲2,374▲3.3％

Consolidated

270,000

270,000--

12,427▲12,427▲4.6％

Sales Amount unchanged due to FX positive impact
Copyright(c) 2022 F-TECH INC. All Right Reserved

13

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

AmountPrevious
Forecast

Updated
Forecast

ChangeChange (%)

777

752

▲25

▲3.2％

North America

1,672▲1,595▲3,267▲195.4％

Asia

1,638

2,699

1,061

64.7％

Total

4,088

1,856

▲2,232▲54.6％

Adjustment

▲88

144

232

―

Consolidated

4,000

2,000

▲2,000▲50.0％Japan

Copyright(c) 2022 F-TECH INC. All Right Reserved

14

Table of Contents

1

4

Financial Summary

2

Earnings Forecast

3

Management Strategy
TopicsCopyright(c) 2022 F-TECH INC. All Right Reserved

1514th Midterm Business Plan ～Basic Policy～
14th Midterm Business Plan

Company Policy: Let’s exceed out limits!
We will, without compromise, produce the “Best One” for all our customers.
66th term (FY2021)

67th term (FY2022)

68th term (FY2023)

Back to Basics ◇Achieve profit ◇Evolution of the ◇Revival of～Master what you suppose to do～at all facilities

simulation

domestic facilities

Challenge for New ◇Acquire new ◇Challenge in ◇Create new～Challenge to create new value～customers

new regions

business
opportunities

Maximize group
efficiency
Target【Productivity】
・Improving manpower
efficiency【Efficiency】
・Automatedinspection device【Profitability】
・Reducing scrap cost
・Turning FCF in theblack

Our Vision : Aim to become the world’s leading supplier specializing in the area of underbody functions
Copyright(c) 2022 F-TECH INC. All Right Reserved

16

14th Midterm Business Plan ～ Numerical Goals ～14th Midterm Three Year Business Plan

14th Midterm
Business Plan

FY2021

FY2022

FY2023

Sales

216 Billion yen

222 Billion yen

215 Billion yen

Operating Profit

5.0 Billion yen

7.0 Billion yen

7.5 Billion yen

2.3％

3.2％

3.5％

183.6 Billion yen

191.8 Billion yen

270 Billion yen

3.0 Billion yen

1.1 Billion yen

2.0 Billion yen

1.7％

0.6％

0.7%

Operating Profit ratio

Sales
Actual and
FY2023 Plan

Operating Profit
Operating Profit ratio

The midterm Business Plan was not achieved due to the significant decrease of production
resulted from COVID-19 impact and the semiconductor supply shortages.
Copyright(c) 2022 F-TECH INC. All Right Reserved

1714th Midterm Business Plan ～Strategic Goals～＜Back to Basics ～Master what you are supposed to do～＞◇Achieve profit at all facilities◇Evolution of the simulation◇Revival of domestic facilities＜Challenge for New ～Challenge to create new value～＞◇Acquire new customers◇Challenge in new regions◇Create new business opportunities
Copyright(c) 2022 F-TECH INC. All Right Reserved18

Achieve Profit at All Facilities ～Back to Basics～
Q2 Operating Profit Total

Compared to plan：▲0.4 Billion yen

N. America

Actual：▲2.2 Billion yen

Compared to plan：▲2.3 Billion yen

Asia

Actual：0.6 Billion yen
Compared to plan：+ 0.1 Billion yen

・ Decreased in value added due to reduced
volume at customers
・ Contributed to profit through tool sales tooverseas facilities
・ Royalty income reduction covered by yen
depression
・ Decreased in value added do to reduced
volume at customers
・ Various improvement activities are still inprogress
・ Increased in depreciation burden due toinvestment in new models and capacity up
・ Increased in various costs

・ Decreased in value added due to reduced
volume resulted by Shanghai Lockdown
・ Increased in various costs

Continued volume reduction due to chip shortages

Japan

Actual：0.2 Billion yen

FactorActivities in the 2nd half
・ Expense reduction ⇒ ▲0.4 Billion yen (full year)
compared to before COVID-19
・ Increase in value added through stable new model
start ups
For Future Earnings Growth・ Continue new business initiatives
・ Promote sales activities to acquire new models
Manufacturing Expense Reduction
・ Improve manufacturing characteristics, in-houseproduction
・ Optimize inventory, organize outside warehouses
・ Improve inspection process ⇒ Automation,
manpower reduction
・ Stable new model start ups
For Future Earnings Growth
・ Review the sales structure
・ Reduce outsourcing costs and labor costs throughproduction efficiency improvement
・ Expense reduction
・ Stable operation of a subsidiary in India,
new business expansion

Strengthening the foundation to achieve profit at all facilities by accomplishing all activities
Copyright(c) 2022 F-TECH INC. All Right Reserved

19

Achieve Profit at All Facilities ～Back to Basics～
Improvements at the facilities in the U.S. and expected results
Item

Detail*Exchange Rate 1US$=JPY135.3（Unit：Million yen）

What to address

Manpower
reduction•••

Equipment automation
Reduce indirect associates
Improve operating rates

Insourcing••

Reduce outsourcing costs
Cost down negotiation•
Expense reduction••

Reduce outside
warehouses
Reduce scrap costs
Expense reduction

Other

•

Reflect costs in selling price

Estimated
effect (Q2)•••

Automation of assembly and Inspection processes
Manpower reduction by optimizing the factory layout
Dispatch Japanese experts（Die, Welding）

166

•
•

Insourcing of outsourced stamped parts
Cost down negotiation of purchase parts, supplierchange0.1•••

Control factory space by optimizing inventory
Dispatch quality improvement team from JapanLong use of components for production equipment

56•

Reflecting higher prices for repair parts in selling
prices
Reflecting material price hike in selling prices

42

•

Total

264

Expected results were not achieved due to decrease in production volume.
We are working diligently to execute kaizen activities so that we can obtain the expected benefits when the
production volume returns to normal.
Copyright(c) 2022 F-TECH INC. All Right Reserved20Evolution of the Simulation ～Back to Basics～
F-tech Resources in Development Area
DesignAnalysis

Optimization design

Analysis of performance impact when the product isinstalled in a real vehicle

・product performance：Strength, Durability, Rigidity, Noise,
Vibration, Collision, Steering stability

We can make proposals with
optimal specifications for OEM
requirements

Analysis assuming a series of production
processes
・Production area：Possible to design that take into
account stamping, welding, paint processes.

Prototype/Test

・Prototype fabrication
・Assessment of performancerequirements
Material , Strength, Durability,
Corrosion resistance,
Suspension characteristics

Development structure that can respond flexibly and precisely to OEM requirements,
even if the powersourse changes.
Closely collect data from
actual products and reflect
the correlated data intodevelopment.

Product Development

Manufacturing Process

Reflect the accumulated
know-how into
simulation

We are aiming to reproduce perfectly in simulation“Reduction of costs and time in development” and “Stable start-up of new models”
Copyright(c) 2022 F-TECH INC. All Right Reserved

21

Revival of Domestic Facilities ～Back to Basics～
FY 2023 Activities••

Securingsales
Responding to
production
reductions•

Completed stable start up of mass production of Toyota
models→Estimated sales in this fiscal year： 2 billion yen•

Preparing stable start-up of newly awarded models→Estimated sales in 2023 onward : 500 million yen/year•

Further production line consolidation→Further improvement of manpower
efficiency•

Promote to optimize manpower efficiency→Expected further reduction of man-hours through theintroduction of automated equipment and work flow on the floor•

Effective use of space→Insourcing of out-sourced production ・
integration of warehouse, and reduction of inhouse transportation.
Strict control of investments and expenses•

Utilize the space created by line consolidation to bring inoutsourced jobs.
→To be completed by the end of this fiscal year•

SGA expenses expected to be reduced by 5% from 2019
→Continue next year onward

Expand the scope of business consolidationand systemization and continue to improve
efficiency•

Process improvement of SGA operations, promoting paperless

Cost reduction•
Business reformof SGAdepartments

Stable start –up of mass production for new
customers
Efficient equipment supply in accordance with themass production timing of new models

FY 2023 Progress•

Maintain top-line and establish cost structure in line with top-line
Copyright(c) 2022 F-TECH INC. All Right Reserved22Acquiring New Customers ～Challenge for New～
Global sales share by customers

2019

2022

Major4 companies 21%*Estimation

First year of the 15th Mid-term *Plan

Major 4 companies 30%

S

Major 4 companies 33%

S

T

S

Te

T

T
G

Te

Honda
70%

Honda
60%

Honda
56%

Te

G
G

Expanding the other customers’ business based on Honda business
Strengthen further business with existing customers in the 15th Mid-term plan and beyond
Copyright(c) 2022 F-TECH INC. All Right Reserved

23Challenge for New Regions ～Challenge for New～
F&P MFG DE MEXICO, S.A. DE C.V.
Expanded area
Step 3 expanded building
Paint , utility &other areas

Press 3500t area

Weld line area

Paint line area

Waste water
treatment room

High bay rack area
Paint and utility area

Paint area

Weld area

Press area

Other areas

Began mass production of new models and preparation forincreased production<H company>SUV
100,000 units/year<G company>SUV
200,000 units/year<U.S. based EVs>SUV 250,000 units/year

Estimated sales from mass production of new models
FY2023：6.3billion yen FY2024 onward：19billion/year*Exchange rate 1US$=135.3JPY

Expansion of production capacity is on scheduleSignificant growth is expected as a major plant of the group
Copyright(c) 2022 F-TECH INC. All Right Reserved24Challenge in New Regions ～Challenge for New～
＜India Market＞
The 3rd major business area following
North America and China
Impact of making ISS a subsidiary
・Sales・Operating Profit+4 Billion Yen+200 Million Yen

営業活動の強化とR&D機能の確立
China(*Full-year financial forecast as of Nov 7)

・Established JV with
VG
・Concluded technicalassistance agreementwith VG
・Started to supply
pedal to SMG

2014-2017

India

・2 experts started towork
・Started to supply rear
Axle beam to SMG

M&A ISS from
Sumitomo
corporation
June～F.tech Group2022

Produce high quality
chassis products withhigh efficiency⇒supply to SMG(400,000 units/year)

Complete capacity
expansion
Expand supply to SMG
Develop new customers

2025

2023

Achieve “Integrated
solution proposals” from
R&D through mass
production
Develop new market
from India

North
America

2030

2028
Challenges forthe potential
growth in India

2020-2022
SMG: Suzuki Motor Gujarat

ISS: India Steel Summit Private Limited

Establish F-tech facility in India market
Transfer the group’s manufacturing know-how to facilitate new stage of growth
Copyright(c) 2022 F-TECH INC. All Right Reserved25Creation of New Business ～Challenge for New～
Identify and list up various
ideas to create new business
opportunities

Analyze and narrow down
industry trend

Research & Analysis

・Bicycle parts
・IT・Environment

Solution of social issues

Electric Mobility
Introduced for the first time at Minami Kurihashi
Smart Villa

・Medical equipment
・Outdoor/Leisure equipment
・ Human resources/Education

Investigate if other areas can become business

Discussion with government and municipal offices in order tostart experiment, and development for next models have started～F-tech provide parts for parts for underbody～

Make it work as abusiness

Repeat various approaches to explore the possibility of new business opportunities
Copyright(c) 2022 F-TECH INC. All Right Reserved

26

Table of Contents

1

4

Financial Summary

2

Earnings Forecast

3

Management Strategy
TopicsCopyright(c) 2022 F-TECH INC. All Right Reserved

27

Toward Carbon Neutrality
New initiative

Activities to date
◆CDP Survey
・”B” rating in 2021

◆Visualization ofenergy usage◆Energy saving activities
・Acquire and implement
ISO50001
・Expand the Energy
management system to theGroup companies
January, 2017
Honda Green Conference 2016
Award of excellence

In October 2022
Cross functional team to facilitate carbon neutrality
was established・Renewable Energy/Introduction of low CO2 electricity

Example of our ・High-efficient equipment/Introduction of technology
・Improvement of productivity/Review of manufacturingissues/challenges process

Bringing together experts from various fields tosolve problems
Corporate Planning, R&D, Procurement, Quality,
Facilities, Production, Administrative areas
Establish and promote mid-term and long-term activity plans

GOAL
Energy Conservation
Award 2016
Chairman Prize of ECCJ

Schedule (Plan)
October 2022
November 2022
December 2022

April,2023

Realization of Carbon Neutrality

Establish CFT to promote CN
Develop road map
Expand implementation
structure and activity plans
globally
Kick off full-scale operation*CN：Carbon Neutral
CFT：Cross Functional Team

Establish an implementation structure to kick off full-scale operations in the next
fiscal year
Copyright(c) 2022 F-TECH INC. All Right Reserved28

Efforts for Production ～New models started in the first half of the FY 2023 (Apr-Sep)～
TOYOTA

HONDA

Other OEM
*Not all models
are shown

China
CR-V

CIVIC

ZR-V

e:NP1

C-HB

SEDAN

Japan

North
America
CR-V

HR-V

ZR-V

Asia
CIVIC

YARIS

Production and delivery of multiple models started.
14 models are scheduled to start production in the second half.
Copyright(c) 2022 F-TECH INC. All Right Reserved

29Initiatives to support the sustainable growth ～CSR Activities～
Donations to Food Bank

Local Clean-Up Activities

We donated 3,600 meals and 200 cases of drinking water toFood Bank Saitama.

We regularly conduct clean-up activities around our premises tocontribute to the local community and raise associates’ awareness of CSR.

KUKI Plant～ZERO Garbage clean-up activities～
In cooperation withneighboring companies,
we clean up roads in theindustrial park and the
Bizenhori River.

KAMEYAMA Plant～Adopt program, Clean-up activities～
We voluntarily manage
the greenbelt owned by
Kameyama City andactively participate inclean-up activities.

HAGA Technical Center～Clean-up activities～
There is a large park
next to the facility, we
regularly conduct cleanup activities.

We are contributing to society and local communities through various activities
Copyright(c) 2022 F-TECH INC. All Right Reserved30High recognition acquired from customers and goverment
Japan

Kuki

Production  April 2022 Awarded by Minister of Education, Culture , Sport, Science and Technology – Prize forcreativity
Engineering 「Improved specifications of ultra-precision machining press dies for automotive parts」

Kameyama

Production  April 2022 Awarded by Minister of Education, Culture , Sport, Science and Technology – Prize forcreativity
Awarded for the 4th year in a row
Engineering 「Product transfer using product weight」

North
America

Quality July 2022 General Motors「Supplier Quality Excellent Award 2021」

Quality May 2022
Toyota Motor Philippines Corporation「2021 SUPERIOR QUALITY PERFORMANCE AWARD」

Quality
Delivery May 2022 Yamaha Motor Philippines Inc.
「2021 Supplier Award Best in Quality」「2021 Supplier Award Best in Delivery」

FMTL（Thailand）

Quality November 2022 Nissan Motor Thailand「Regional Quality Award」

ISS（India）

Quality July, 2022 Denso Haryana Pvt. Ltd.
「The Certification of Appreciation - in the category of Quality for 2021-22 」

FPMX（Mexico）

FPMI（Philippines）

Asia

Prize for creativity

Supplier Quality ExcellenceAward 2021

2021 SUPERIOR QUALITYPERFORMANCE AWARD

Copyright(c) 2022 F-TECH INC. All Right Reserved

2021 Supplier Award Best in Quality
2021 Supplier Award Best in Delivery
Certification of Appreciation in Quality

31

Thank you for your attention!

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 from the stated future forecasts due tochanges in various factors.
Please search by “Ftech”

For inquiries on IR information, please contact :F-TECH INC.
Management Planning Division
General Affairs Dep. / Finance & Accounting Dep.

TEL

0480-85-5211

Mail

Copyright(c) 2022 F-TECH INC. All Right Reserved

webmaster@ftech.co.jp

https://www.ftech.co.jp

Copyright(c) 2022 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

191.8 Billion JPY (FY MAR. 2022)

Number of
Employees(Consolidated)

Group total 9,150 (F-tech only: 927)

Established

July 1st, 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.

*The number of F-tech (927 employees) does not include those of subsidiaries and expats.

As of March 31, 2022
Copyright(c) 2022 F-TECH INC. All Right Reserved

～F-tech’s History～

Appendix
Establishment（1947‐1964）

4 wheel business（1965‐1987）

Business expansion（1988‐1999）

Global expansion（2000‐ current）

1986

1964
Renamed to Fukuda
Press Kogyo

F&P Mfg (Canada)
operation begins
1978

1959
Honda business starts
HQs transferred to Kuki
Motorcycle parts
production begins
1947
Fukuda Seisakusho
Established and metal toy
production begins

1965

1967

2013
PT.F.TECH INDNESIA
established2012
F&P MFG.DE MEXICO established
YANTAI FUYAN MOULD CO., LTD established2011
F.tech R&D (Guangzhou) INC established.
2008
2022
Ftech R&D Philippines established
Acquire shares of India SteelFtech Philippine operation begins
2006 F-TECH MFG（THAILAND) operation begins
1993
Listed on the first section of

Kameyama plantmass production begins

4 wheel parts
production begins

1999
1997 Daihatsu business starts
Dyna-Mig operation begins
1996
Listed on over-the-counter market
1995
Nissan Shatai business starts
1994

the Tokyo Stock Exchange
2004 F-tech WUHAN Inc. operation
begins
2003 R&D North America established

Summit and consolidate as a
subsidiary.
Transition to New “Prime Market”
Of theTokyo Stock Exchange

2021
TOYOTA MOTOR
F&P America operation begins
CORPORATION business starts
1991
2002 F-tech Zhongshan Inc operation begins. 2020
Joint investment in VEE GEE
Mitsubishi business starts
2001 TOYOTA North America
1989
Auto Components Pvt Ltd.
business starts
Suzuki business starts
2018
Listed on the second section of the
F-TECH AUTOMOTIVETokyo Stock Exchange
COMPONENTS PRIVATE LIMITED
2000
NissanMotorsbusiness
startsRenamed to F-tech
F&P Georgia Mfg.,Inc establishedestablished
Copyright(c) 2022 F-TECH INC. All Right Reserved

Appendix～ Our Vehicle Components ～Suspension Parts

Control parts
RR

FR

MountedComponents

Module Assy

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) 2022 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 tosupply products that own competitiveness, even in short time frame.
Copyright(c) 2022 F-TECH INC. All Right Reserved

Appendix ～F-tech Group Companies in Japan～【Facilities】【Group Companies】

Head Office・Kuki Plant Fukuda Engineering
Kameyama Plant
Kyushu F.tech Inc.
Haga Technical Center Reterra Inc.
Equipment Center
JohnanManufacturing Inc【Affiliated Companies】
Johnan Manufacturing Inc.
Johnan Kyushu Manufacturing Inc.

Reterra Inc.
(Chichibu)

Johnan Kyushu
Manufacturing Inc.
Haga Technical Center

Equipment Center (Kazo)

Kyushu F.tech Inc.

Head Office・Kuki Plant
Kameyama
Plant
Copyright(c) 2022 F-TECH INC. All Right Reserved

Fukuda Engineering Co., Ltd(Kazo)

Appendix ～F-tech Group Overseas Subsidiaries ～ （As of September 30, 2022)
YANTAI FUYAN MOULD
CO.,LTDF-Tech WUHAN Inc.

Dyna-Mig,A division of
F&P Mfg.,Inc.
F&P AMERICA MFG.,INC.
F&P Georgia, Adivision of
F&P America Mfg.,Inc.

F-Tech Zhongshan Inc.

F-TECHAUTOMOTIVECOMPONENTS Pvt.
Ltd.
India Steel Summit
Private Limited

F.techR&D(Guangzhou)inc.

F.TECH PHILIPPINES, MFG.,INC.
F.tech R&D Philippines Inc.

F-TECH MFG.
(THAILAND)LTD.

F&P MFG.,INC.
F.TECH R&D
NORTH AMERICA
INC.
Michigan/
R&D NA Office

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

PT.F.TECHINDONESIA

F.E.G. DE QUERETARO
S.A. DE C.V.

Production plants
North America (6)R&D, Sales facilities

China (2)Asia (4)Asia (2)North America (2)China (2)F-tech has 12 production plants and 6 R&D, Sales facilities in 8 countries.
Copyright(c) 2022 F-TECH INC. All Right Reserved

Appendix ～Affiliates and Alliances～（As of September 30, 2022)

Johnan Wuhan Inc.

Shanghai Huizhong
JV OZAUTO-AUSTEM
L.L.C.
PROGRESSIVE TOOLS &COMPONENTS(P) Ltd.

POS-AUSTEM Yantai
Automotive Co. Ltd.

JOHNAN AMERICA INC.

SMC Co.,Ltd.

CHEN IEU INDUSTRY CO., LTD.
POS-AUSTEM Wuhan Automotive Co. Ltd.

VEEGEE Industrial
Enterprises PVT. LTD
ERECT ENGINEERINGPRESSWORKS
SDN.BHD.
DELLOYD Industries (M) Sdn Bhd

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

JOHNAN F.TECH(THAILAND)LTD.
PT.JFD INDONESIACOSMA DO BRAZILGESTAMP BRAZIL

Affiliates

Alliances

North America (2) China (1)Asia (3)South America (2) China (3)Asia (6)We have established optimal business partnerships in 6 countries and 1 region in order tosupply our products globally.
Copyright(c) 2022 F-TECH INC. All Right Reserved

Appendix ～ISS Company profile～

Company nameIndia Steel Summit Private Limited

Address

Greater Noida, Uttar Pradesh, India

Business

Steel processing, manufacture of stamped parts, Die fabrication

Established

August 26, 2006

Capital

INR 768,000,000 (As of April 1, 2022)

Investment ratio

F-TECH INC.
FUKUDA ENGINEERING CO., LTD.

Consolidated sales

2,090 million yen (FY Mar. 2021, Converted at 1INR=1.5 JPY)

Number of employees

379 (as of April 2021)

Copyright(c) 2022 F-TECH INC. All Right Reserved

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