2022年3月期決算説明資料
Fiscal Year Ended March, 2022
Financial Results
2022年5月13日
May 13th, 2022

株式会社エフテック
F-TECH INC.

証券コード：7212
https://www.ftech.co.jp
Copyright(c) 2022 F-TECH INC. All Right Reserved

1目次 Table of Contents

1 決算概要

2 経営戦略
3 トピックス

Financial Summary

Management Strategy

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

2目次 Table of Contents

1 決算概要

2 経営戦略
3 トピックス

Financial Summary

Management Strategy

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

3連結決算概要（前年同期比）

Consolidated Financial Results Overview （Year on Year）（単位：百万円） （Unit：Million Yen）

売上高
Sales

営業利益
Operating Profit

経常利益
Ordinary Profit

親会社株主に帰属する
当期純利益

2021年3月期 実績

2022年3月期 実績

増減

FY Mar. 2021 Actual

FY Mar. 2022 Actual

Change183,647

100.0%

191,892

100.0％

8,244

4.5％

3,072

1.7%

1,142

0.6％

▲1,929▲62.8％

2,383

1.3%

1,292

0.7％

▲1,090▲45.8％▲1,165

▲0.6%

209

0.1％

1,374

―

▲62.58

―

11.27

－

73.85

－

Profit Attributable to Owners of Parent

1株利益(円)
Earnings per share （Yen）

為替 FX Impact
2021年3月期

2022年3月期

増減

FY Mar. 2021

FY Mar. 2022

Change1US$105.95円

113.03円

7.08円

1CAN$

80.31円

90.14円

9.83円

1人民元

15.42円17.12円

1.70円

1 Yuan （RMB）

親会社株主に帰属する当期純損益で黒字化転換
Return to profitability in net income attributable to owners of the parent

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

4連結売上高（前年同期比）
Consolidated Sales (Year on Year)
セグメント別連結売上高（単位：百万円）

売上高シェア（%）（Unit：Million Yen）

Sales share

Consolidated sales by segment

183,647

191,892

Japan

日本, 19,692

日本, 20,360

North
America

北米,
110,405

北米,
111,524

アジア,
53,549アジア,
60,0072021年3月期実績

2022年3月期
実績

FY Mar. 2021 Actual

FY Mar. 2022 Actual

200,000

100,000

Asia

0

Japan

日本, 10.7%

日本, 10.6%

日本（Japan）▲0.1％減少

North
America

北米, 60.1%

北米, 58.1%

北米（N.America）▲2.0%減少Asia

アジア, 29.2%

アジア, 31.3%

アジア（Asia）
2.1%増加

2021年3月期実績

2022年3月期
実績

FY Mar. 2021 Actual

FY Mar. 2022 Actual

連結売上高増減 Change in Consolidated Sales

日本
Japan

北米
North America

アジア
Asia

連結
Consolidated

2021年3月期

2022年3月期

増減

増減率

為替影響

実質増減

増減率

FY Mar. 2021

FY Mar. 2022

ChangeChange(%)

FX Impact

Real Difference

Change(%)

19,692

20,360

667

3.4％

－

668

3.4％

110,405

111,524

1,119

1.0％

9,044

▲7,925▲7.2％

53,54960,007

6,458

12.1％

5,074

1,384

2.6％

183,647

191,892

8,244

4.5％

14,118▲5,873▲3.2％

半導体影響により北米生産が減少、為替影響があるものの実質減収
Production in North America decreased due to the impact of semiconductor shortages,
and real sales decreased despite the foreign exchange impact

Copyright(c) 2022 F-TECH INC. All Right Reserved5セグメント別営業利益（前年同期比）
Operating Profit by Segment (Year on Year)（単位：百万円）（Unit：Million Yen）

2021年
3月期

日本
Japan

北米
North America

アジア
Asia

合計
Total

調整
Adjust

連結
Consolidated

金額

シェア(%)

Operating Profit

Share

2022年
3月期

実績

実績

FY Mar. 2021
ActualFY Mar. 2022
Actual

増減増減率

ChangeChange

(%)

2021年
3月期

2022年
3月期

実績

実績

FY Mar. 2021
ActualFY Mar. 2022
Actual

増減率
Change

(%)

299

1,202

902

301.1％

9.8%

105.2％

95.4％

▲686

▲2,802▲2,116-▲22.4%▲245.2％▲222.9％

3,993

3,292

▲701

▲17.6％

130.0%

288.1％

158.1％

3,606

1,691

▲1,914▲53.1％

117.4%

148.0％

30.6％

▲534

▲548

▲14

-

▲17.4%▲48.0％▲30.6％

3,072

1,142

▲1,929▲62.8％

100.0%

100.0％-

Copyright(c) 2022 F-TECH INC. All Right Reserved66セグメント別連結業績 （日本）
Operating Performance by Segment （Japan）

売上高 Sales
19,692

20,360

FY2021

FY2022（単位：百万円）（Unit：Million Yen）
増減額 Change667

増減率 Change(%)

3.4％

為替影響 FX Impact－

実質増減 Real Change667

増減率(%)Change

3.4％

営業利益 Operating Profit
299

1,202

FY2021

FY2022

増減理由 Reason of Change
1

主要得意先からの受注減少

2

商品売上増加（Gr向け金型設備売上）

3

技術収入売上（ロイヤリティー、開発費、他）

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

Technical services income increase(Royalty, Development fee, etc)

国内子会社売上増加

5

内部売上控除（Gr会社向け売上増加影響）

902

増減率 Change(%)

301.1％

為替影響 FX Impact－

実質増減 Real Change902

増減率(%)Change

301.1％

増減理由 Reason of Change

Product sales to main customers decrease

4

増減額 Change

▲817

1

付加価値売上減少

2,075

2

商品及び技術収入売上増加による利益増

709

3

経費減（労務費・償却費・販管費）等

4

国内子会社の売上増加による利益増

1,245

Domestic subsidiaries sales increase

1,117

Machines and tools sales and technical services sales increase

534

Cost reduction(Labor expense, depreciation and SG&A),etc

66

Domestic subsidiaries sales increase▲2,545

Elimination of intercompany sales (Impact of increased sales to the Group companies)

Total

667

FY2021

四半期推移

▲815

Value-added sales decrease

FY2022

四半期推移

Quarterly Change

Quarterly Change

4,386 4,771

4,919 4,035

5,515 5,785

4,870 5,767

1Q

2Q

3Q

4Q

902

Total

FY2021

1,078
462▲ 1,012184
1Q

FY2022892

405▲ 171 ▲ 336
2Q

3Q

4Q

主要得意先の生産減少を商品売上・技術収入でカバー、経費削減効果もあり増収増益
Sales and profit increased owing to the effect of cost reductions, as well as product sales andtechnical services income offsetting the decrease in production at main customers.

Copyright(c) 2022 F-TECH INC. All Right Reserved7セグメント別連結業績 （北米）

Operating Performance by Segment （North America）
110,405

111,524

FY2021

FY2022

増減額 Change

1,119

増減率 Change(%)

増減額 Change▲2,1161.0％

増減率 Change(%)―

為替影響 FX Impact

9,044

為替影響 FX Impact▲229

実質増減 Real Change▲7,925

実質増減 Real Change▲1,887

増減率(%)Change▲7.2％

増減率(%)Change

―

▲686

1

主要得意先の製品受注減少

2

その他の得意先向け製品受注の変化、他

3

為替換算影響▲2,802

FY2021

FY2022

増減理由 Reason of Change

増減理由 Reason of Change
Product sales to main customers decrease▲10,489

1

2,563

2

9,044

3

Change in orders for products to other customers, etc

FX impact

Total

売上減少による減益（前期）コロナ影響による固定費特損振替・助成金収入

FY2021

為替換算影響15,016

1Q▲229

FX impact

Total

FY2022▲2,116

四半期推移

FY2021

Quarterly Change

30,183 24,800

34,873 25,056

30,331 34,360

2Q

3Q

4Q

▲300

(Previous term) Fixed costs incurred due to
COVID-19 transferred to extraordinary loss and grant income

1,119

四半期推移

▲1,587

Sales decrease

Quarterly Change

27,307（単位：百万円）（Unit：Million Yen）

営業利益 Operating Profit

売上高 Sales346

282▲ 524 ▲ 788 ▲ 791 ▲ 1,360

FY2022

1,423▲ 2,077

半導体不足等サプライチェーンの混乱により得意先の生産が大きく減少
Production of main customers decreased significantly due to the disruption of supply chain, including semiconductor shortages.

Copyright(c) 2022 F-TECH INC. All Right Reserved88セグメント別連結業績 （アジア）（単位：百万円）（Unit：Million Yen）

Operating Performance by Segment （Asia）

売上高 Sales
53,549FY202160,007

FY2022
増減理由

増減額 Change

6,458

営業利益 Operating Profit

増減額 Change▲701

増減率 Change(%)

12.1％

3,993

増減率 Change(%)▲17.6％

為替影響 FX Impact

5,074

為替影響 FX Impact346

実質増減 Real Change

1,384

実質増減 Real Change▲1,047

増減率(%)Change

2.6％

増減率(%)Change▲26.2％(中国)主要得意先の受注減少

2(中国)その他得意先の受注減少

3(ア大)主要得意先の受注増加

4(ア大)その他得意先の受注増加

5

為替換算影響(China) Product sales to other customers decrease

Total

▲334

2

（中国） 前期補償有3（ア大） 製品売上増加に伴う利益増加

4（ア大） 商品売上増加に伴う利益増加

5

為替換算影響6（前期）コロナ影響による固定費特損振替

四半期推移

FY2021

16,70613,896

3Q

781

(Asia)Product sales increase

162(Asia) Machines and Tools sales increase346

FX impact▲696(Previous term) Fixed costs incurred due to COVID-19 transferred to extraordinary loss

Total

四半期推移

FY2022

Quarterly Change

17,743 17,976

4Q

▲472

(China) Compensation in the previous term due to the production stop for OEM

693

718

1Q

▲701

FY2021

1,978
692

327

5
2Q

▲822

(China) Change in product sales and increased cost

6,458

Quarterly Change

1Q（中国） 製品売上増減影響及びコスト増加

5,074

FX impact

5,738

1

1,278

(Asia) Product sales to other customers increase

Reason of Change▲1,084

1,523(Asia) Product sales to main customers increase

13,360 13,655

FY2022
増減理由(China) Product sales to main customers decrease

14,478FY2021

Reason of Change

1

3,292

2Q

FY2022

1,291 1,579

3Q

中国: 半導体不足影響や生産変動対応コスト増、ア大: 生産回復、一過性コスト負担の解消

4Q(China): Impact of semiconductor shortages and cost to deal with production fluctuation increase, (Asia) : Production recovery and the elimination of transient cost
9 burdens

Copyright(c) 2022 F-TECH INC. All Right Reserved9セグメント別営業利益（2022年3月期実績）
Changes in Operating Profit by Segments (FY Mar. 2022 Actual)

117

3,072

1,142

534

▲996

1,279

▲14

▲2,849
2021年
３月期

コロナ
特損振替

製品売上
影響

Transfer toExtraordinary
loss due to
COVID-19

Product
Sales
ImpactFY Mar. 2021

日本
Japan

北米
North America

アジア
Asia

調整
Adjust

連結
Consolidated

299

▲749

▲686

▲300

▲1,587

3,993

▲696

▲513

商品・
技術収入
売上影響

経費増減
合理化

Machine andTools, andTechnical
services
sales impact

Expense
Reduction
Rationalization

1,117

534

162

為替影響

連結調整

2022年
３月期

増減

FX Impact

Consolidated
Adjustment

FY Mar.
2022

Change

1,202

902

▲229

▲2,802▲2,116

346

3,292

▲701

▲14

▲548

▲14

▲14

1,142

▲1,929

▲534
3,072

▲996

▲2,849

1,279

534

117

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

10得意先別売上高の推移
Sales Changes by Customer
100.0%

90.0%

80.0%

3.5%
2.9%

3.5%
2.8%

12.0%

3.4%
2.7%
2.7%

11.4%

2.9%
3.0%
4.7%

1.5%
3.4%

12.7%

10.9%

Others

1.4%
4.5%

5.6%

7.5%

12.9%

9.3%

70.0%

60.0%

50.0%

76.4%

75.2%

72.0%

70.0%

71.9%

66.8%

FY Mar. 2017

FY Mar. 2018

FY Mar. 2019

FY Mar. 2020

FY Mar. 2021

FY Mar. 2022

151,282

170,089

169,512

153,004

132,123

128,269

23,68325,78230,25827,71920,051

17,791

Te30.0%

247

3,661

6,443

10,211

10,374

14,317TOYOTA

5,658

6,428

6,300

6,471

6,178

8,563

Nissan
20.0%

6,985

7,957

7,977

6,275

2,825

2,609

Mitsubishi

2,036

2,648

3,051

2,597

1,541

2,505

S10.0%

71

1,010

2,913

1,686

2,066

4,002

その他 Others

7,979

8,485

8,907

10,7498,489

13,836

197,941
16/3期

226,060
17/3期

235,361
18/3期

218,712
19/3期

183,647
20/3期計画

191,892
20/3期実績

Honda
40.0%

GM

0.0%

Copyright(c) 2022 F-TECH INC. All Right Reserved11財務の状況
Financial Position

総資産
総資産

（単位：百万円）

Total Asset（Unit：Million Yen）

設備投資
設備投資
Capital Investment

減価償却費
減価償却費
Depreciation

有利子負債
有利子負債
Interest-Bearing Debt

有利子負債依存度
有利子負債依存度
Interest-Bearing Debt Ratio

180,000

50.0%

160,000
40.0%

140,000
120,000

30.0%

100,000
80,00020.0%

60,00040,000

10.0%

20,0000
総資産
総資産
Total AssetFY2017
144,420

FY2018150,525

FY2019137,010

FY2020134,038

FY2021
136,714

FY2022160,931

設備投資
設備投資
Capital Investment

14,094

12,435

8,056

12,23810,01016,651

減価償却費
減価償却費
Depreciation

10,335

11,666

11,72010,89010,032

10,581

有利子負債
有利子負債
Interest-Bearing Debt

59,12959,51046,22051,342

49,56564,867

有利子負債依存度
有利子負債依存度
Interest-Bearing Debt Ratio

40.9%

39.5%

33.7%

38.3%

36.3%

40.3%

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

12

0.0%

12

連結業績予想（2023年3月期予想）（単位：百万円）

Consolidated Earnings Forecast (FY Mar. 2023 forecast)

売上高
Sales

営業利益
Operating Profit

経常利益
Ordinary Profit

親会社株主に帰属する
当期純利益（Unit：Million Yen）

2022年3月期 実績

2023年3月期 予算

増減

FY Mar. 2022 Actual

FY Mar. 2023 Plan

Change191,892

100.0％

270,000

100.0％

78,107

40.7％

1,142

0.6％

4,000

1.5％

2,857

250.0％

1,292

0.7％

3,000

1.1％

1,707

132.0％

209

0.1％

1,000

0.7％

790

377.5％

11.27

－

53.80

―

42.54

377.5％

Profit Attributable to Owners of Parent

1株利益(円)
Earnings per share (Yen)

為替 FX Impact
2022年3月期

2023年3月期

増減

FY Mar. 2022

FY Mar. 2023

Change1US$

113.03円

127.00円

13.97円1CAN$

90.14円

99.50円

9.36円

1人民元

17.12円

19.00円

1.88円

1Yuan(RMB)

中国ゼロコロナ政策や北米半導体不足の影響は依然大きいが、徐々に生産の正常化を見込む
Although the impact of “ZERO-COVID” policy in China andsemiconductor shortages is still significant, we expect gradual production normalization.

Copyright(c) 2022 F-TECH INC. All Right Reserved13配当金の状況
Status of Dividend

2021年3月期配当予定（前回）FY Mar. 2021 Plan (Last term)

2022年3月期配当予定（今回）FY Mar. 2022 Plan (Current term)

前回差
Change2023年3月期配当予想（翌期）
FY Mar. 2023 Forecast (Next term)

前回差
Change

1Q末

2Q末

3Q末

期末

合計

配当性向

End of Q1

End of Q2

End of Q3

End of the Term

Total

Payout Ratio

-

8円00銭

8円00銭

8 yen

8 yen

-

10円00銭10円00銭10 yen

10 yen

0円00銭

2円00銭

2円00銭

0 yen

2 yen

2 yen

-

10円00銭20円00銭10 yen20 yen-

0円00銭

10円00銭0 yen

10 yen

-

0円00銭

-

0円00銭

-

0 yen

0 yen

-

10円00銭-10円00銭10 yen

10 yen

―
88.7％
―

18.6％
―

配当方針 Divided Policy
当社の利益配分に関する基本方針は、業績に基づく利益還元を基本としています。
財務体質の強化を図りながら利益の状況、将来の事業展開など長期的な視野に立って皆様への利益還元を図ってまいります。
配当性向の当面の目途を親会社株主に帰属する当期純利益の10％以上とし、中間、期末の年2回を基本としております（期末配当は株主総会決議）。
F.tech’s basic policy regarding the profit distribution is based on the business performance. Along with reinforcing our financial characteristics, we will review profit situation and futurebusiness opportunities from a long-term perspective, and distribute profit back to shareholders. Our payout ratio target is 10% or greater of the “Net profit attributable to parent company
shareholders”, and it is paid out twice a year – middle and end of the year. (Year-end dividend is resolved at the shareholders meeting.)

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

14

14

目次 Table of Contents

1 決算概要

2 経営戦略
3 トピックス

Financial Summary

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

4.0 Billion yen

1.7％

0.6％

Operating Profit ratio

Sales
Actual and
FY2023 Plan

Operating Profit
Operating Profit ratio

1.5%

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
FY 2022 Activities
・Increase in overseas sales～Back to Basics～

FY 2022 Results

FY 2023 Further Activities

JAPAN
North America

・Machines and Tools sales increased by 30% compared tothe previous year.
・Expense reduction impact:▲1 billion yen from 2019
continued
・Started to supply our products to Toyota
・New business initiatives are in progress・Expand support to strengthen the overseas plants<Completion of improvement activities>
・Productivity improvement, insourcing
the outsourced production, warehouseintegration, manpower efficiency
improvement, quality stabilization, etc.
・Responding to new orders<Status of improvement activities>
・Implemented improvement activities, and achieved a certain
level of effectiveness<Continue activities of FY 2022>
・Further strengthen and promote improvement
activities (Additional people from Japan to reinforce)→Flexible structure to respond to production
reductions
・Continue preparations for mass production of newmodels.

・Address issues by each plant・Some plants were not able to achieve profitability due to
production reductions by customers, and impact of risingcosts of transportation and materials

・Expense reduction・Acquire new customers
・Create new business opportunities

Asia

・Reinforce the foundation of business in
India

・Significant production reductions by customers→Profitability was not achieved
・Mass production preparation for new models went smoothly・Consider to make ISS, F-tech own 10%of share in India,
into a wholly owned subsidiary

・Continue expense reduction.
・Expand the orders from new customers
・Continue the initiatives for new business
opportunities

・Responding to production reductions by customers
Improvement of production efficiency→Cost reduction
Pursue manpower efficiency
・Smooth takeover of ISS operations, securing ofcustomer transactions, and strengthening of diebusiness

Aim to achieve profit at all facilities by ensuring the implementation of activities in FY2023
Copyright(c) 2022 F-TECH INC. All Right Reserved

19Evolution of the Simulation ～Back to Basics～
F-tech resources
DesignOptimization design

・Weight reduction proposals with optimal
specifications
・ Achievement of overwhelming competitiveness

Analysis・Optimal area/Elemental sampling・Performance improvement support*NV： Noise Vibration

Analysis assuming mass production

Driving stability

Strength/Collision/NV performance

・Understand the impact of eachcomponent on the product・Best balance parts
development

・Verification on the desktop assuming the conditions formass production
・Understand and countermeasure productperformance/feasibility at the development stage

Minimize the occurrence of differences in real prototype parts by improving the practical design analysis

Requirementsof OEMs

Shortening development period

Cost saving

Weight reduction

Durability

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

High-quality

High-performance20

Revival of Domestic Facilities ～Back to Basics～
FY 2022 Activities

FY 2022 Results

FY 2023 Further Activities

・Achieved stable start-up of mass production of
Toyota vehicles
・Sales of Machines and Tools for new models
reached a record high・Complete mass production preparation of
new models for new customers
・Supply Machines and Tools efficiently inaccordance with new model setup timing

・Further improve efficiency of
manufacturing structure・Manpower optimization through line
consolidation

・Further line consolidation→Further improvement of manpower
efficiency

・Insourcing of outsourced
production
・Warehouses integration
・Improvement of internalmaterial flow

・Create space by line consolidation

・Reduction of SG&A

・3% SG&A reduction

・Consolidation of SGA operations,improve efficiencies

・Launched a project to improve the process of
SGA tasks
・Project team and system department worked
together to consolidate the tasks andsystemize operations

・Use space effectively→Insourcing of outsourced production
・Warehouse integration→Reduction of inter-company
transportation (taking the neworders into consideration)
・Strict control of investments andexpenses・Expand the scope of businessconsolidation and systemizationand continue to improve efficiency

・Acquire new customers
Securing sales

Responding to
production
reductions

Cost reduction

Business reformof SGAdepartments

・Ensure profit from the sales of
Machines and Tools tooverseas facilities

Maintain top-line and achieve low cost operating structure
Copyright(c) 2022 F-TECH INC. All Right Reserved21Acquiring New Customers～Challenge for New～

North America
American EV OEMs

China
Japanese EV OEMs

Responding to business expansion of EV Big3 and GM’s shift to EV

Interacting with EV strategies of our main customersPlan
33 billion yen

Our subsidiaries
Target※ ImagePlan
22 billion yen

240 million yen

FY 2018

FY 2019

FY 2020

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

End of 15th
Midterm

Expand EV business in America and China
Copyright(c) 2022 F-TECH INC. All Right Reserved

22Challenge in New Regions ～Challenge for New～
<Mexico>Great potential as an automotive
supply area in North America

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

Investment STEP1 completed• Factory expansion• Installation of new model
equipment• Investment for stamping
press/paint equipment

2021
2012

NEXT
STAGE

2022

• Factory expansion in progress (STEP2)• Mass production of new models andPreparation for increase volume started<OEM H>SUV
100k/Year
<OEM G>SUV
200k volume increase<US EV Company > SUV 250k/Year

Invested US$100M in accordance with production capacity expansion plan
Copyright(c) 2022 F-TECH INC. All Right Reserved

23Challenge in New Regions ～Challenge for New～
<India> The 3rd major business area
following North America and China◆Started mass production ofRear Axle beam in Jan 2022
(April production: 650/Day)

・Concluded
technical
assistanceagreement with
VG
・Started tosupply pedal to
SMG

2014-2017

・Established JV
with VG
・2 experts
started to work
・Started tosupply rear
Axle beam to
SMG

M&A ISS from
Sumitomo
corporation

2022

High efficiency、high quality
Chassis products⇒
Supply toＳＭＧ（400k/Year）

2023

Expansion complete

Enlarge the supply
AMT to SMG
Develop New
customer

2025

Strengthening thesales activities
Establish R&D
function

From R＆D to mass
production
Accomplish“Comprehensive
solution”
Develop new
customer in India

2030

2028
Challenges
for thepotential growth in
India
SMG: Suzuki Motor Gujarat

2020-2021

ISS: India Steel Summit Private Limited

Move forward to the new growth stage in India
Copyright(c) 2022 F-TECH INC. All Right Reserved24Challenge in New Regions ～Challenge for New～
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.
90%
FUKUDA ENGINEERING CO., LTD. 10%

Consolidated sales

2,090 million yen (March, 2021 1INR=1.5 JPY)

Number of employees

379 (as of April 2021)

March 25 ,2022
Signing ceremony

Strengthen die business and improve competitiveness in India
Copyright(c) 2022 F-TECH INC. All Right Reserved25Creation of New Business ～Challenge for New～At Minami - kurihashi station area, Kuki, Saitama

Sustainable next generation town development
through industry-government-academia
collaboration“BRIDGE LIFE Platform Concept”

Collaborate with 「Waseda University Onoda laboratory」
in the area of mobility!

Sharing is possible in travel andtransportation across the town
「Next generation electric mobility」

F-TECH takes the leadin the structural design and developmentof chassis system！

Co-creation
One of 12 sponsoring
companies

WASEDA University
Onoda Laboratory

Production of prototype vehicle also started
The actual vehicle is scheduled to be introduced
for the first time at town opening on May 26！

Produce ”Smart mobility vehicle ” for next generation town planning
Copyright(c) 2022 F-TECH INC. All Right Reserved

26

目次 Table of Contents

1 決算概要

2 経営戦略
3 トピックス

Financial Summary

Management Strategy

TopicsCopyright(c) 2022 F-TECH INC. All Right Reserved27

To Achieve Carbon Neutrality
Activities to date
◆The CDP survey
・B rating in 2021

◆Visualization ofenergy usage
・A system is used in Japan◆Energy saving

activities
・Acquire and implement
ISO50001
・Expand the Energy
management system to thegroup companies

Continue current activities

In 2022
Carbon neutral project to be launched
Examples of
items that Ftech sees as
issues・Renewable energy/Introduction of low CO2
electricity
・High efficiency equipment/Introduction oftechnology
・Improvement of productivity/ Review ofmanufacturing processes

Experts from various areas are brought to solve
the issues
Corporate planning, R&D, Procurement, Quality,
Facilities, Production, Administrative areas

GOAL
Achievecarbonneutrality

Establish and promote mid-term and longterm activity plans

New areas

Start to achieve Carbon Neutrality by 2050
Copyright(c) 2022 F-TECH INC. All Right Reserved28

Efforts to Support Sustainable Growth ～Corporate governance～
Corporate governance code revision
78 Principles

83 Principles (Revised16 Principles)+5 Principles

Ensure diversity ofcore human resources

Supplementary
Principles3-1③

Initiatives on sustainability

Supplementary
Principles4-10①

Use of optional approach(Independent nomination andremuneration committee)

Supplementary
Principles4-11①

Preconditions for Board

F-tech’s response

Four disclosure items added or changed

Supplementary
Princiiples2-4①

Establish human resources development policy andInternal environment improvement policy tosecure diversity
Strengthen sustainability efforts throughCSR committee
Dec 2021 Nomination & remuneration committee establishedFeb 2022 Committee meeting held

Ensure diversity of board

Achieve all compliance items

Principle

Promoting expansion of governance system to increase corporate value
Copyright(c) 2022 F-TECH INC. All Right Reserved29Efforts for Production ～New models started in 2021～
HONDA

TOYOTANISSAN

Other OEM
*Not all models are
shown

CHINA
PHEV CR-V

CIVIC

INSPIRE

SUV

North AMERICA

JAPAN

PILOT

COROLLA
CROSS

CIVIC

SUV

E-SUV

E-VAN

CIVIC
STEP WGN

Asia
CIVIC

BR-V

VIOS

BALENONOAH
VOXYMany new models were launched in major business areas
Copyright(c) 2022 F-TECH INC. All Right Reserved30

Achievements of Awards in the 67th Term
Japan

Ftech

Quality NISSAN MOTOR CO.,LTD.
“Nissan Global Supplier Award -Quality Award”

Kameyama Production  Awarded by the Minister of Education, Culture, Sport, Science and Technology
Engineering *Awarded for the 4th year in a row. “Conveyance free roller improvements”
Plant

North America

Ftech

General

DYNAMIG

SupportFPA/
FPMX

Quality
Quality

FPG
Quality

China

FPMX

Quality

FTW

Quality

Asia

Quality

FPMI
DeliveryNissan Global
Supplier Award-Quality Award

 General Motors
Supplier of the YearAward
“Supplier of the Year Award “ General Motors“Customer Care and Aftersales On-Time Shipping Award”
 General Motors“Supplier Quality Excellence Award” *FPMX Awarded for the second year in a row Prize for creativity
 Nissan North America“NISSAN REGIONAL SUPPLIER QUALITY MASTER CERTIFICATE”
 Mazda Toyota Manufacturing, U.S.A., Inc.,“Excellent Quality Award”
Customer Care andAftersales On-Time Shipping Award
 General Motors“Customer Care and Aftersales On-Time Shipping Award”
 SAIC General Motors Corporation Limited“Supplier Effort Award”
 Toyota Motor Philippines Corporation
Supplier Quality Excellence“2021 Superior Quality Performance Award”
Award Toyota Motor Philippines Corporation“Plaque of appreciation for100% export delivery”
Copyright(c) 2022 F-TECH INC. All Right Reserved

31

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.

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

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

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

Appendix～連結貸借対照表（2022年3月期末実績） ～～Consolidated Balance Sheet (FY Mar 2022 results)～
2021年3月期 2022年3月期

現金及び預金Cash and Deposits

受取手形・売掛金
Notes and AR

棚卸資産
Inventories

その他
Others

流動資産
Current Assets

有形固定資産Property,plant and equipment

無形固定資産
Intangible assets

投資その他資産
Investment and others

固定資産
Non-current Assets

総資産
Total Assets

2021年3月期 2022年3月期

増減

実績

実績

FY Mar. 2021 Actual

FY Mar. 2022 Actual

3,708

1,981

▲ 1,727

31,57836,327

4,749

19,642

28,029

8,387

2,744

3,384

640

57,67369,723

12,050Changes

70,01281,366

11,354

320

299

▲ 21

8,708

9,542

834

79,041

91,208

12,167

136,714160,931

24,217

実績

実績

FY Mar. 2021 Actual

FY Mar. 2022 Actual

19,816

23,106

3,290

20,87236,54015,668

9,884

10,244

360

8,829

8,929

100

59,40178,81919,418

16,943

16,735

▲ 208

5,337

4,758

▲ 579

22,28021,494▲ 786

81,682

100,314

18,63240,01940,081

62

286

5,025

4,739

14,726

15,472746

55,03260,578

5,546

136,714160,931

24,217支払手形・買掛金
Notes and AP

短期借入金
Short-term loans

1年以内長期借入金
Current portion of Long-term loan

その他
Others

流動負債
Current Liabilities

長期借入金Long-term loan

その他
Others

固定負債
Non-current Liabilities

負債合計
Total Liabilities

株主資本合計
Total Shareholders' Equity

その他包括利益累計
Accumulated Other Comprehensive Income

非支配株主持分Non-controlling Interests

有利子負債残高Interst-bearing debt

有利子負債依存度
nterest-bearing debt ratio

49,56564,86715,302

36.3%

40.3%

4.1%

増減

純資産合計
Total Net Assets

負債純資産合計Total Liabilities and Net Assets

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

ChangesAppendix～連結ｷｬｯｼｭﾌﾛｰ表（2022年3月期末実績） ～～Consolidated cash flow statement (FY Mar 2022 Results)～

2021年3月期 2022年3月期
実績
実績
FY Mar 2021
Actual営業活動キャッシュフロー
Cash flow from operating activities

投資活動キャッシュフロー
Cash flow from investment activities

財務活動キャッシュフロー
Cash flow from financial activities

現金及び現金同等物に係わる為替差額
Effect of ex. rate change on
Cash and cash equivalents

現金及び現金同等物の増減額
Net change of Cash and cash equivalents

現金及び現金同等物の期首残高
Beginning balance of Cash and cash equivalents

現金及び現金同等物の期末残高
Ending balance of Cash and cash equivalents

9,956

FY Mar 2022
Actual

1,794

増減

15,000Change10,000

営業ＣＦ

9,956

Operating CF

投資ＣＦ
Investment CF

フリーＣＦ
Free CF▲ 8,1625,000▲ 10,726▲ 15,641

1,794▲ 4,9150▲ 4,363

11,5662021年3月期

15,929▲ 5,000

▲ 37

552

589

▲ 5,170▲ 1,7273,443

FY Mar2021
Actual

実績 ▲ 770

2022年3月期
FY Mar2022
Actual実績▲ 10,000▲ 10,726
8,879

3,708

▲ 5,171▲ 15,000

3,708

1,981

▲ 1,727▲ 20,000

Copyright(c) 2022 F-TECH INC. All Right Reserved▲ 13,847▲ 15,641

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

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, subframe, axle beam, pedal control, etc.

*F-tech only does not include subsidiaries and expats at overseas facilities

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）

1987

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

2014
R&D NA Europe Branch established2013
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

Ftech Philippine operation begins
2006 F-TECH MFG（THAILAND) operation begins
1993
Listed on the first section of
the Tokyo Stock Exchange
2004 F-tech WUHAN Inc. operation
begins
2003 R&D North America established

Acquire shares of India Steel
Summit and consolidate as a
subsidiary.
Transition to Prime Market

2021
TOYOTA MOTORCORPORATION business starts
F&P America operation begins
2020
1991
2002 F-tech Zhongshan Inc operation begins. Joint investment in VEE GEE
Mitsubishi, Suzuki business starts
Auto Components Pvt Ltd.
2001 TOYOTA North America
1989
business starts General Motors
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

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

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

Appendix～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 Companies ～F.tech R&D North America Inc.
European Branch

YANTAI FUYAN MOULD
CO.,LTDF-Tech WUHAN Inc.

Dyna-Mig,Adivision 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.techR&D(Guangzhou)inc.

F-TECHAUTOMOTIVECOMPONENTS Pvt. Ltd.

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

India Steel Summit
Private Limited

F-TECH MFG.
(THAILAND)LTD.

PT.F.TECHINDONESIA

Production plants
North America (6)China (2)Asia (4)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.
F.E.G. DE QUERETARO
S.A. DE C.V.
R&D, Sales facilities
North America (2) China (2)Europe (1)Asia (2)F-tech has 12 production plants and 7 R&D, Sales facilities in 9 countries.
Copyright(c) 2022 F-TECH INC. All Right Reserved

Appendix ～Affiliates and Alliances～
Johnan Wuhan Inc.

Shanghai Huizhong
POS-AUSTEM Yantai
Automotive Co. Ltd.

JV OZAUTO-AUSTEM
L.L.C.

JOHNAN AMERICA INC.

SMC Co.,Ltd.

PROGRESSIVE TOOLS &COMPONENTS(P) 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