G-TEKT

Basic Information

Stock Code
5970
Industry
Metal Products
Category Detail
Auto Parts
Prefecture
Saitama Prefecture
Establishment Year
April 2011
Listing Year
April 1996
Official Website
https://www.g-tekt.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Toyota Boshoku, Seiren, Nishikawa Rubber, Unipres, TOAPRE, Nippatsu, Tachies, Pacific Industrial, Toyoda Gosei, Murakami Kaimeido, TS Tech, Globeride

Overview

G-TEKT is a leading Honda-affiliated manufacturer of automotive frame parts founded in 1953, characterized by advanced press parts technology and global expansion.

Current Situation

G-TEKT recorded consolidated net sales of approximately 236.5 billion yen and operating profit of 10.9 billion yen for the fiscal year ended March 2022, with overseas sales ratio of about 77% and actively pursuing international expansion. In its core body frame parts field, it does business with diverse automakers including Honda, Toyota, Nissan, and BMW, maintaining competitiveness within the automotive industry. In recent years, it has focused on parts supply for electric vehicles leveraging high-precision press technology and precision parts manufacturing capabilities. It has production and sales bases in various countries, working to strengthen its global supply chain. It is also advancing sustainability through environmentally considerate manufacturing processes and eco-steel sheet utilization, building a medium- to long-term growth foundation. By expanding investments in IT and automation technologies, it is enhancing production efficiency and reinforcing its framework to adapt to changes in the automotive industry. Its financial foundation is stable, and with Honda Motor Co., Ltd. holding over 30% of shares, management stability is high.

Trivia

Interesting Facts

  • Honda-group company born from 2011 merger
  • Global firm with approx. 77% overseas sales ratio
  • Major automotive parts manufacturer headquartered in Saitama City, Saitama Prefecture
  • Strength in specialized automotive frame parts technology
  • Supplies parts to broad range of automakers
  • Established key position in Japan's automotive parts industry
  • Production and sales bases worldwide
  • Stable management with Honda Motor holding over 30% shares
  • Possesses advanced forging technology
  • Focus on in-house manufacturing equipment development

Hidden Connections

  • Built stable supply system via capital and business ties with Honda Motor
  • Direct transactions also with major automakers like Toyota, Nissan, BMW
  • Competes with peers like TS Tech and Unipres while advancing collaborations
  • Aggressively expanding facility investments in emerging markets like Indonesia and Mexico
  • Die and welding equipment business contributes to production efficiency using own products
  • Accelerating parts development to meet automotive industry's EV shift

Future Outlook

Growth Drivers

  • Expansion of new parts demand from automotive EV shift
  • Overseas market growth, especially rising demand in Asia and North America
  • Demand for lightweight products meeting environmental regulations
  • Cost competitiveness improvement via production automation technology
  • Product differentiation through new materials development
  • Strengthening of global production and sales network

Strategic Goals

  • Complete global corporate structure with overseas sales ratio over 80%
  • Set and achieve product CO2 reduction targets
  • EV-targeted new parts development sales ratio over 30%
  • Achieve fully automated production processes and advance unmanned operations
  • Initiatives toward carbon neutrality
  • Enhance sustainability across entire supply chain

Business Segments

Automotive Body Frame Parts Sales

Overview
Supplies high-strength, lightweight body core parts to automakers.
Competitiveness
Strong Honda-group transaction base and technological development capabilities
Customers
  • Honda Motor
  • Toyota Motor Corporation
  • Nissan Motor
  • BMW
  • Mazda
  • Fuji Heavy Industries
Products
  • Dashboard Upper/Lower
  • Front/Center Pillar
  • Rear Panel/Rear Pillar
  • Radiator Support

Precision Parts Manufacturing and Sales

Overview
Provides high-precision, high-quality transmission parts to automotive-related firms.
Competitiveness
Advanced fusion of forging and precision machining technologies
Customers
  • Automotive Transmission Manufacturers
  • Electronic Parts Manufacturers
  • Sensor Manufacturers
Products
  • A/T Parts
  • CVT Parts
  • Timing Pulley
  • Sensor-Related Parts

Dies and Manufacturing Equipment Sales

Overview
Provides equipment and dies for parts manufacturing sites to support efficiency.
Competitiveness
High customizability and durability of equipment
Customers
  • Automotive Parts Manufacturers
  • General Manufacturing
Products
  • Multi Welders
  • Press Conveyor Devices
  • Dedicated Dies

Competitive Advantage

Strengths

  • Strong capital relationship with Honda Motor
  • Advanced press and precision machining technologies
  • Global production and sales network
  • Broad supply record to diverse automakers
  • 77% overseas sales ratio from proactive global expansion

Competitive Advantages

  • High-quality management system in body frame parts
  • Rapid response to customer needs via manufacturing bases in multiple countries
  • Proprietary technology balancing high strength and lightweighting
  • Stable order base as Honda-group affiliate
  • Multi-variety対応 technology in precision parts field

Threats

  • Global automotive market demand fluctuations
  • Product specification change costs from stricter environmental regulations
  • Profit squeeze from raw material price volatility
  • Political/economic risks at overseas bases
  • Changes in parts makeup for EVs and autonomous driving vehicles

Innovations

2023: New Development of High-Strength Lightweight Press Parts

Overview
Commercialized technology using new alloys for weight reduction and strength enhancement, contributing to vehicle fuel efficiency improvements.
Impact
5% body weight reduction, 3% fuel efficiency improvement

2022: Enhanced Automation of Global Production Facilities

Overview
Introduced latest robot technology across all bases to improve production efficiency and quality control precision.
Impact
15% productivity increase, 20% defect rate reduction

2021: Eco-Material Utilization Project for Reduced Environmental Impact

Overview
Developed recyclable materials etc. to reduce CO2 emissions in production processes.
Impact
10% CO2 emissions reduction

2024: Strengthened EV Parts Design

Overview
Advanced dedicated parts design for electrification to pioneer new markets.
Impact
Aiming for 15% increase in new sales

2020: Supply Chain Management System Renewal

Overview
Achieved parts supply efficiency and traceability improvements via IT system overhaul.
Impact
20% reduction in delivery delays

Sustainability

  • Energy conservation in manufacturing processes
  • Active adoption of eco-materials
  • Improved waste recycling rates
  • Strengthened supply chain environmental management
  • Employee environmental awareness training