Fujisash

Basic Information

Stock Code
5940
Industry
Metal Products
Category Detail
Construction Materials & Equipment
Prefecture
Kanagawa Prefecture
Establishment Year
May 1969
Listing Year
August 1992
Official Website
https://www.fujisash.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Superbag, Almetax, Sanwa Holdings, Bunka Shutter, Sankyo Tateyama, Toyo Shutter, Fulltech, Morio Electric, AIE G

Overview

Fujisash is a metal products manufacturer founded in 1930 and a leading company in the industry with strengths in architectural aluminum sashes and environmental-related businesses.

Current Situation

Fujisash maintained stable management with consolidated sales of approximately 101.3 billion yen and operating profit of approximately 1.8 billion yen for the fiscal year ending March 2024. Its mainstay building aluminum sash products boast a high market share, and it offers a wide range of residential sashes and exterior products. In recent years, it has focused on expanding environmental-related businesses such as waste treatment plants, contributing to building a sustainable society. Through technical tie-ups and proactive capital investments, it continues high-quality product development. It is improving competitiveness through strengthened internal structure and capital/business alliances while pursuing a growth strategy in the medium to long term by advancing environmental technologies and new materials development. It is also deepening collaboration with local communities, aiming for the dissemination of environmentally considerate products and contribution to a decarbonized society. Moving forward, it will pursue sustainable growth through advanced manufacturing technologies and swift responses to market needs.

Trivia

Interesting Facts

  • Began manufacturing aluminum sashes in Japan for the first time in 1957.
  • Has track record of supplying materials for Hotel New Otani and Hotel Okura.
  • Experienced management crisis in 1968 due to diversification.
  • Has history of delisting in 1978 due to window dressing accounting issues.
  • Has been developing environmental plant business for waste treatment since the 1990s.
  • In addition to building materials, develops magnesium alloy components for medical equipment.
  • "Dreams from Windows" management philosophy established in 1990.
  • Donated Chiba-nian Golden Spike at Chiba Factory in Ichihara City.
  • Made Kyushu Fujisash a subsidiary to strengthen regional production system.
  • Has capital/business alliance with Bunka Shutter.

Hidden Connections

  • Many of its products are adopted as building materials for hotels and large facilities.
  • Collaborating with new material companies in medical field through magnesium alloy business.
  • Built cooperative relationships with local governments through environmental plant business.
  • Bunka Shutter is a major shareholder, with deep ties in the industry.
  • Collaborating with Ebara Corporation on manufacturing industrial waste treatment equipment.
  • Temporarily delisted from Tokyo Stock Exchange due to 1970s window dressing accounting issue.
  • Has historical management ties with Tokyu Group in aluminum sash division.
  • Conducting joint projects with government-related entities on environmentally considerate product development.

Future Outlook

Growth Drivers

  • Increasing demand for eco-building materials due to rising environmental awareness
  • Expansion of insulated sash demand accompanying stricter energy-saving regulations
  • Expansion of industrial waste treatment market and increased environmental investments
  • Product development for IoT housing such as smart homes
  • Growth in high-function sash technology for advanced buildings
  • Market expansion in magnesium alloy medical equipment field
  • Customer retention through strengthened local services
  • Promotion of green architectural products

Strategic Goals

  • Raise proportion of eco-product sales to over 50%
  • Double environmental plant business sales to approximately 20 billion yen
  • Achieve top domestic share in smart building materials field
  • Promote energy-saving and environmentally considerate equipment at domestic and international manufacturing sites
  • Expand magnesium alloy business in medical equipment field

Business Segments

Building Construction Materials Supply

Overview
Provides high-performance architectural sashes for large buildings and commercial facilities.
Competitiveness
High brand reliability from years of track record
Customers
  • Construction companies
  • Building management companies
  • Architectural design firms
  • General contractors
Products
  • Aluminum sashes
  • Curtain walls
  • Fireproof sashes
  • Soundproof sashes
  • Earthquake-resistant sashes

Residential Building Materials Supply

Overview
Provides residential building materials with excellent insulation and soundproofing performance.
Competitiveness
Product development capabilities from high technological prowess
Customers
  • Housing manufacturers
  • Carpentry shops
  • Residential designers
  • Home builders
Products
  • Residential insulated sashes
  • Entrance doors
  • Window frame systems
  • Bathroom doors

Environmental Engineering Business

Overview
Provides equipment and facilities for safe industrial waste treatment and environmental conservation.
Competitiveness
Accumulated know-how in environmental technologies
Customers
  • Waste treatment operators
  • Local governments
  • Factories and manufacturers
  • Environmental consultants
Products
  • Industrial waste treatment equipment
  • Low-temperature thermal decomposition plants
  • Environmental purification equipment

Industrial Parts Supply

Overview
Manufactures and supplies industrial parts using lightweight materials.
Competitiveness
Processing technology for high-quality alloy materials
Customers
  • Automotive manufacturers
  • Machinery manufacturers
  • Industrial machinery manufacturers
Products
  • Aluminum alloy parts
  • Magnesium alloy parts

Medical Equipment Field

Overview
Promotes development of medical equipment components using difficult-to-process materials.
Competitiveness
Provision of new materials through advanced alloy technology
Customers
  • Medical equipment manufacturers
  • Research institutions
Products
  • Magnesium alloy components

Maintenance and Construction Services

Overview
Customer support through installation and maintenance of own products.
Competitiveness
Abundant installation track record and specialized technicians
Customers
  • Building owners
  • Homeowners
  • Construction management companies
Products
  • Sash installation work
  • Maintenance services

Competitive Advantage

Strengths

  • First in Japan to achieve aluminum sash manufacturing
  • High market share in building sash field
  • Technological strength in environmental engineering business
  • Wide product lineup
  • Customer base from long-term transaction history
  • Proprietary material technology and processing know-how
  • Strengthened management base through capital/business alliances
  • High product quality and reliability
  • Stable financial base
  • Overseas technology introduction through technical alliances
  • Local sales and installation network
  • Development capabilities for environmentally considerate products
  • Risk diversification through diversification
  • Supply capacity from abundant manufacturing sites
  • Strong brand image

Competitive Advantages

  • Brand power as Japan's first mass producer of aluminum sashes
  • Technological leadership in high-function building sash market
  • Specialized know-how and product lineup in environmental plant field
  • Custom product development capabilities for diverse applications
  • Expanded sales power through network with capital alliance partners
  • Solution provision based on high installation technology
  • Stable revenue base from long-term customer relationships
  • Trust gained through thorough quality assurance system
  • Superiority from early development of products compliant with environmental regulations
  • Product differentiation through material research and new alloy development
  • Enhanced cost competitiveness through improved production efficiency
  • Product design incorporating reduced environmental impact
  • Fine-tuned response to regional needs
  • New market creation through diversified business development
  • Response to market changes through continuous investment in technological innovation

Threats

  • Impact from economic fluctuations in construction demand
  • Low-price offensives from competitors
  • Stricter environmental regulations and increased compliance costs
  • Risk of material price fluctuations
  • Temporary disruptions in production and logistics due to natural disasters
  • Decline in competitiveness from delayed technological innovation
  • Difficulty in securing talent
  • Management changes in capital alliance partners
  • Regulatory and political risks in overseas markets
  • Intensified market competition from new entrants
  • Increasing customer demands for product durability
  • Burden of updating aging manufacturing sites

Innovations

2023: Development of Eco Aluminum Series Using Recycled Aluminum Materials

Overview
Started mass production of environmentally friendly aluminum sashes using waste materials.
Impact
Contributes to reduced environmental impact and improved corporate image.

2022: Launch of Improved Industrial Waste Low-Temperature Thermal Decomposition Equipment

Overview
Developed equipment further enhancing dioxin decomposition and removal efficiency.
Impact
Effective for strengthening market competitiveness and environmental regulation compliance.

2024: Technological Innovation in High-Insulation Double-Glazed Glass Compatible Sash

Overview
Developed products elevating insulation performance to industry-leading levels.
Impact
Contributes to capturing energy-saving housing demand.

2021: Introduction of Smart Window System

Overview
Newly developed IoT-compatible automatic opening/closing window system.
Impact
Contributes to improved residential comfort and energy savings.

2023: Strengthened Development of Magnesium Alloy Medical Equipment Components

Overview
Started mass production of lightweight, biocompatible alloy components for medical equipment.
Impact
Expansion of new business in medical equipment field.

Sustainability

  • Improved recycling rate of waste aluminum materials
  • Review of manufacturing processes to reduce environmental impact
  • Promotion of green products toward realizing a decarbonized society
  • Development and dissemination of energy-saving architectural materials
  • Regional rollout of environmental education programs
  • Utilization of renewable energy in production lines
  • Contribution to circular economy through waste reduction
  • Expansion of environmentally certified products
  • Participation in regional environmental conservation as CSR activity
  • Implementation of employee environmental awareness training
  • Development of resource/energy-saving design products