Fujimi Incorporated

Basic Information

Stock Code
5384
Industry
Glass and Stone Products
Category Detail
Ceramics, Clay & Stone Products
Prefecture
Aichi Prefecture
Establishment Year
March 1953
Listing Year
April 1995
Official Website
https://www.fujimiinc.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Fuso Chemical, EM System, Mipox, Shinto Industry, Nagano Keiki

Overview

Fujimi Incorporated is an abrasive manufacturer founded in 1953, boasting the world's No.1 share in abrasives for semiconductor silicon wafers and is an industry-leading company.

Current Situation

Fujimi Incorporated recorded consolidated sales of 51.7 billion yen and net profit of 9.1 billion yen in the fiscal year ended March 2022, maintaining high profitability with an operating profit margin of 23%. Its main business is precision abrasives for semiconductors, holding the world's top share in silicon wafer processes. It also leverages strengths in related product areas such as thermal spray materials and abrasives for hard disk substrates. Through its Advanced Technology Research Institute, it advances product development utilizing advanced powder classification technology, with new products like CMP slurries growing in the market. It has multiple subsidiaries and production bases both domestically and internationally, expanding its business globally. It also provides ample employee returns, achieving high bonus levels. Aiming for sustainable business operations, it is working on reducing environmental impact and strengthening quality assurance systems. Backed by expanding demand in the semiconductor sector, it will continue to pursue technological innovation and strengthen market superiority to drive growth strategies.

Trivia

Interesting Facts

  • Holds world's No.1 share in semiconductor silicon abrasives.
  • Began manufacturing Japan's first precision synthetic abrasives in 1950.
  • Founder family continues unbroken up to the current president.
  • Rapid growth in product expansion in CMP (Chemical Mechanical Polishing) field.
  • Advancing global strategy with overseas subsidiaries in multiple countries.
  • Early acquisition of ISO9001 and ISO14001 certifications, focusing on quality and environment.
  • High-purity polishing material 'GLANZOX' series is an industry standard.
  • Veteran abrasive manufacturer founded in Nagoya, headquartered in Aichi Prefecture.
  • Bonuses average over 8 months, with extremely high employee return rate.
  • Technology expansion into thermal spray materials, developing new markets.
  • 'PLANERLITE' series CMP slurry products are well-received.
  • Headquarters in Kiyosu City, closely tied to the region, with manufacturing bases.
  • Known as a representative Japanese abrasive manufacturer.
  • Expanding production of surface treatment materials with high-function powder technology.
  • Long years of classification technology forms the foundation for high-function abrasive manufacturing.

Hidden Connections

  • Has strong technical collaboration with semiconductor equipment manufacturers for product development.
  • Gaining attention from global foundries amid growth in CMP slurry field.
  • Direct transactions with domestic and international semiconductor and electronic materials manufacturers.
  • Stable management by founder family shareholders attracts long-term investors.
  • Powder classification technology directly contributes to high performance in thermal spray materials.
  • Continuing high value-added product evolution in line with semiconductor industry technological innovation.
  • Broad global business supported by production bases in various countries.
  • CMP slurry R&D centered at Advanced Technology Research Institute.

Future Outlook

Growth Drivers

  • Ongoing expansion of semiconductor industry and increasing needs for miniaturization
  • Increasing demand for high-performance abrasives due to advanced CMP processes
  • Growth in semiconductor demand in global markets
  • Demand for environmentally friendly materials amid stricter regulations
  • Development of new functional materials through powder technology applications
  • Expansion of overseas production bases centered on Asia
  • Rapid new product launches through customer-close development
  • Diversified expansion in industrial functional materials field
  • Growth in thermal spray materials and surface treatment fields
  • Maintaining competitiveness through ongoing R&D investment
  • Strengthened corporate activities emphasizing sustainability
  • Improved organizational strength and technology succession through talent development

Strategic Goals

  • Maintain over 50% world market share in semiconductor manufacturing abrasives
  • Double sales in CMP slurry business
  • Create new businesses through new functional powder development
  • Expand sales ratio of low-environmental-impact products to over 70%
  • Reduce overall costs by 10% through optimization of overseas production bases
  • Maintain R&D expenses at over 5% of sales
  • Thorough strengthening of quality and environmental management via ISO certifications etc.
  • Maintain employee satisfaction over 80% and improve retention rate
  • Full achievement of ESG goals and expansion of social contribution activities
  • Improve brand recognition in global markets

Business Segments

Semiconductor Manufacturing Abrasives Business

Overview
Provides essential precision abrasives for semiconductor manufacturing processes. Deploys industry-standard products leveraging high market share.
Competitiveness
World-leading polishing technology and quality control
Customers
  • Semiconductor Equipment Manufacturers
  • Semiconductor Wafer Manufacturers
  • Electronic Component Manufacturers
  • Research Institutions
  • Major Foundries
Products
  • Silicon Wafer Polishing Materials
  • CMP Slurry
  • Germanium Wafer Polishing Materials

Thermal Spray and Surface Treatment Materials Business

Overview
Provides surface functional materials centered on thermal spray materials with excellent impact and wear resistance.
Competitiveness
High-performance material development through fusion of special powder classification and thermal spray technology
Customers
  • Automotive Parts Manufacturers
  • Electronic Equipment Manufacturers
  • Tool Manufacturers
  • Machining Companies
Products
  • WC Cermet Thermal Spray Materials
  • Fine Powder Thermal Spray Systems
  • High-Hardness Coating Products

Abrasives for Memory Devices Business

Overview
Provides specialized abrasives and texture materials for hard disk substrates.
Competitiveness
Industry-leading product quality and technological expertise
Customers
  • Hard Disk Manufacturers
  • Recording Media Manufacturers
Products
  • HDD Substrate Polishing Materials
  • Disk Texture

Abrasives for Optical Materials Business

Overview
Provides optical precision polishing materials, contributing to quality improvement.
Competitiveness
Versatile material compatibility and high-precision polishing technology
Customers
  • Optical Lens Manufacturers
  • Camera Parts Manufacturers
  • Plastic Processing Companies
Products
  • Optical Lens Abrasives
  • Plastic Lens Abrasives

Powder Classification Technology Applications Business

Overview
Leveraging powder properties to expand into multifunctional material development.
Competitiveness
High-function powder production through proprietary classification technology
Customers
  • Electronic Materials Manufacturers
  • Advanced Materials Research Institutes
Products
  • Specially Adjusted Powders
  • Functional Coating Materials

Industrial Grinding Equipment Business

Overview
Manufactures and sells grinding wheels and related grinding equipment.
Competitiveness
Long track record in high-precision grinding equipment
Customers
  • Grinding Equipment Manufacturers
  • Industrial Machinery Dealers
Products
  • Grinding Wheels
  • Abrasive Cloth and Paper
  • Precision Grinding Machines

Environmentally Friendly Materials Business

Overview
R&D and supply of abrasives aimed at reducing environmental impact.
Competitiveness
Product design considering sustainability
Customers
  • Recycled Resource Companies
  • Eco-Material Manufacturers
Products
  • Low-Environmental-Impact Abrasives
  • Recyclable Abrasives

International OEM Supply Business

Overview
OEM supply of custom abrasives to overseas customers.
Competitiveness
Rapid supply through collaboration with multinational production bases
Customers
  • Overseas Semiconductor Manufacturers
  • Global Electronic Component Manufacturers
Products
  • OEM Abrasive Products
  • Custom Abrasives

R&D Support Services

Overview
Provides support services for applied technology development and product improvement for abrasives.
Competitiveness
Advanced support leveraging the Advanced Technology Research Institute
Customers
  • Manufacturing Research Institutions
  • Universities and Public Research Institutions
Products
  • Technical Consulting
  • Applied Research Support

Other Industrial Functional Materials Business

Overview
Provides multifunctional materials extending from abrasives.
Competitiveness
Multifunctional realization through proprietary material technology
Customers
  • Electronic Parts Manufacturing
  • Precision Equipment Manufacturers
Products
  • Functional Abrasives
  • Special Surface Treatment Materials

Logistics and Procurement Services Business

Overview
Efficiently operates product logistics systems and procurement domestically and internationally.
Competitiveness
Stable logistics system backed by ISO certification at all production bases
Customers
  • Domestic and International Sales Agents
  • Manufacturing Partners
Products
  • Parts Procurement
  • Logistics Management

Sales Agency and Marketing Business

Overview
Provides technical information to sales channels and customers.
Competitiveness
Comprehensive support system by specialized staff
Customers
  • Agents
  • Customers
Products
  • Technical Sales
  • Marketing Support

Competitive Advantage

Strengths

  • World-leading precision polishing technology
  • Strength in high-purity abrasive manufacturing
  • Global production and sales network
  • Accumulated powder classification technology over many years
  • Applications across a wide range of industries
  • High-quality management system
  • Stable financial base
  • Stability from family-run management
  • Brand power from top market share
  • Subsidiaries in multiple countries
  • High returns and welfare for employees
  • Development of environmentally friendly products
  • Continuous introduction of high value-added materials
  • Strengthened R&D capabilities
  • Close technical collaboration with customers

Competitive Advantages

  • Superiority from No.1 world share in silicon wafer abrasives
  • Unique technology deployment utilizing powder properties, unmatched by competitors
  • Growth potential and product diversification in CMP slurry market
  • Broad customer base in global markets
  • Reliability ensured by ISO9001 and 14001 certifications
  • Regionally optimized production using subsidiaries
  • High trust from long-term customers
  • Continuous technological innovation via Advanced Technology Research Institute
  • Competitive edge in thermal spray materials
  • Response capability to diversifying semiconductor needs
  • Quality maintenance through employee expertise and corporate culture
  • Strengthened market penetration through overseas investment expansion
  • Stable management backed by sound finances
  • Improved employee motivation through high bonuses
  • Diversified business expansion and collaboration without overlap

Threats

  • Risk of demand fluctuations in semiconductor market
  • Emergence of global competitors
  • Rising raw material prices and supply instability
  • Product obsolescence due to rapid technological innovation
  • Impact on production and supply from geopolitical risks
  • Profit impact from exchange rate fluctuations
  • Cost increases due to stricter environmental regulations
  • Intensifying price competition in emerging markets
  • Risk of delayed response to market diversification
  • Challenges in securing talent in labor market
  • Supply chain disruption risks
  • Impact of natural disasters and pandemics

Innovations

2023: Development of New CMP Slurry Product

Overview
Newly launched copper CMP slurry 'PLANERLITE-7000' into the market.
Impact
Improved performance in semiconductor manufacturing processes and increased revenue.

2022: Establishment of High-Speed Frame Thermal Spray System

Overview
Developed and commercialized the world's first HVOF fine powder thermal spray system.
Impact
Higher quality products and enhanced competitiveness in thermal spray materials business.

2021: Establishment of Advanced Technology Research Institute

Overview
Established new institute to strengthen research on powder classification and functional materials.
Impact
Business expansion through new material development.

2020: Improvement of High-Purity Polishing Material GLANZOX3900

Overview
Further improved purity and performance for silicon wafers.
Impact
Maintained market share and improved customer satisfaction.

2024: Strengthening Overseas Production Bases

Overview
Promoting production capacity upgrades at factories in Malaysia and Taiwan.
Impact
Enhanced global supply chain responsiveness.

Sustainability

  • Continuous maintenance and renewal of ISO14001 certification
  • Thorough waste reduction measures in manufacturing processes
  • Promotion of developing low-environmental-impact products
  • Participation in environmental conservation activities in collaboration with local communities
  • Strengthened environmental audits of supply chain
  • Introduction of energy-saving equipment and improved energy efficiency
  • Implementation of environmental education programs for employees
  • Promotion of recycled resource use and recycling
  • Formulation and operation of sustainable procurement policies
  • Risk reduction through enhanced product safety
  • Setting and management of CO2 emission reduction targets
  • Expansion of green procurement activities