Fujitec

Basic Information

Stock Code
6406
Industry
Machinery
Category Detail
Industrial Equipment & Heavy Electrical Apparatus
Prefecture
Shiga Prefecture
Establishment Year
February 1948
Listing Year
May 1963
Official Website
https://www.fujitec.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
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Overview

Fujitec is a specialized manufacturer of elevators and escalators founded in 1948, holding the 4th largest market share in Japan. It is the largest elevator company in the Kinki and western Japan regions and is actively expanding overseas.

Current Situation

Fujitec recorded consolidated sales of approximately 181.2 billion yen and operating profit of approximately 13.4 billion yen in fiscal 2020, maintaining a solid financial base. In the domestic market, it holds the 4th largest share in elevators and 5th in escalators, establishing a stable position as the leading player from Kinki to western Japan. In technology development, it has introduced advanced products including machine-room-less elevators and non-contact button technology, striving to improve safety and energy efficiency. It is strengthening overseas expansion with production bases in Shanghai, other parts of Asia, and the United States, providing region-specific services. Since the early 2020s, it has focused on enhancing corporate governance and transparency, and resolving shareholder disputes. It is also actively promoting safety maintenance for elevator products and the renovation business to meet the needs of updating aging equipment. It engages in environmental initiatives and community contributions, aiming for sustainable growth. Moving forward, it will focus on developing next-generation products adapted to 21st-century urban environments and expanding global operations to strengthen competitiveness.

Trivia

Interesting Facts

  • Owns one of the world's largest elevator research towers in Shiga Prefecture
  • Has steadily grown over many years in Japan's elevator market
  • Supplies station elevators jointly developed with JR West Japan
  • Introduced Japan's first non-contact button technology for elevators
  • Founder Masataro Uchimiyama established the company in 1948, deeply rooted in the region
  • Largest elevator manufacturer focused solely on Kinki and western Japan
  • Major shareholders include overseas funds holding over 10% of shares
  • Many products equipped with Sharp's Plasma Cluster technology
  • Conducts new product development in a dedicated creative studio
  • Nearest station to headquarters is Fujitec-mae Station, named after the company

Hidden Connections

  • Continuously receives supply of motors and control devices from Fuji Electric.
  • Strong technological collaboration foundation through joint elevator development with JR West Japan Texia.
  • Fujitec-mae Station on Omi Railway was specially established following headquarters relocation.
  • Strengthens regional contributions through collaboration with local Shiga Prefecture administration and industry support.
  • Shareholder dispute with Oasis Management is a focal point for corporate governance.
  • Part of shares held by regional investment fund 'Kyoto-Shiga Index Fund'.
  • Products installed in stations and commercial facilities feature multilingual announcements for international compatibility.
  • Competitors in Kinki region include Kumalift and Sisei Technologies.

Future Outlook

Growth Drivers

  • Increasing demand for elevators due to urbanization in overseas markets
  • Technological innovations for energy-saving and environmental regulation-compliant products
  • Development of universal design products for aging society
  • Demand for next-generation elevators with enhanced safety and comfort
  • Growth in maintenance and upgrade business from rising renovation needs
  • Promotion of standardization for non-contact and smart operation technologies
  • Strengthening global production systems and region-specific service rollout
  • Expansion of efficient maintenance services using IoT and AI technologies
  • Capturing inbound demand with multilingual products
  • Establishment of long-term management structure through shareholder stabilization

Strategic Goals

  • Maintain and expand overseas sales ratio above 40%
  • Achieve top 3 elevator market share in Japan
  • All product lineup meets energy-saving standards
  • Achieve zero safety risks with no accidents and build trust
  • Market expansion of next-generation machine-room-less elevators
  • Complete digitalization of maintenance services using IoT
  • Build production system reducing environmental impact by 30%
  • Standardization and expansion of multilingual product lineup
  • Increase acquisitions of international sustainability certifications
  • Strengthen corporate governance with transparency and fairness

Business Segments

Equipment for Public Transportation and Stations

Overview
Develops and supplies transportation equipment with specialized safety and high durability for stations.
Competitiveness
Custom specifications possible through joint development with JR West Japan
Customers
  • Railway operators
  • Public transportation operators
  • Station building operators
Products
  • RAKUL Elevator
  • J.Slim Elevator (Joint Development)
  • Large Escalators

Products for Commercial and Public Facilities

Overview
Provides vertical transportation equipment emphasizing public use and comfort.
Competitiveness
Abundant domestic installations allowing broad response to facility needs
Customers
  • Large commercial facilities
  • Department stores
  • Public buildings
  • Hospitals and medical facilities
Products
  • XIOR Elevator
  • GS-NX Series Escalators
  • Moving Walkways

Industrial Equipment and Building Management

Overview
Provides safety and energy-saving maintenance services for building equipment centered on inspections.
Competitiveness
Extensive maintenance track record and rapid response
Customers
  • Office building management companies
  • Real estate developers
  • Facility management companies
Products
  • Maintenance services
  • Elevator renovations
  • Safety integration systems

Overseas Operations

Overview
Business expansion tailored to overseas markets, centered on Shanghai and Singapore.
Competitiveness
Global service network with production and sales bases in each region
Customers
  • Overseas developers
  • Investment funds
  • Local sales agents
Products
  • Products from overseas production bases
  • Customized elevators for overseas markets
  • Overseas maintenance support

Competitive Advantage

Strengths

  • Solid 4th place share in Japan's domestic elevator industry
  • Leading position in Kinki and western Japan regions
  • Comprehensive overseas production and sales network
  • Diverse product lineup and technological development capabilities
  • High safety standards and renovation technology
  • Joint development track record with JR West Japan
  • Extensive delivery record to large commercial facilities
  • Abundant maintenance services and support system
  • Deployment of infection control products like non-contact buttons
  • Stable financial base and ample capital

Competitive Advantages

  • Pioneering technology in machine-room-less elevators
  • Rapid response through region-specialized logistics and installation network
  • High evaluation and domestic/international rollout of flagship XIOR series
  • Development capabilities for vertical transportation equipment with latest safety features
  • Strategic production base placements in global markets
  • Enhanced station needs response through collaboration with JR West Japan
  • Market needs coverage through broad lineup
  • Comprehensive product warranties and maintenance services
  • Early adoption of environmentally friendly, energy-efficient products
  • Stability through collaboration with major shareholders including related capital

Threats

  • Intense competition and pricing pressure in overseas markets
  • Increased burden of product compliance due to stricter regulations
  • Risk of management instability from shareholder conflicts
  • Impact from fluctuations in construction market demand
  • Need for rapid investment to keep up with technological innovations
  • Growth slowdown due to maturity of domestic elevator market
  • Risks to production and supply from natural disasters
  • Foreign exchange fluctuation risks in overseas operations
  • Brand image decline from safety accidents
  • Competitiveness decline from delays in new technology development

Innovations

2020: XIOR 4th Generation Launch

Overview
Introduced 4th generation model equipped with dedicated elevator air conditioner and new non-contact buttons as standard.
Impact
Contributes to market share expansion and safety improvements in the domestic market.

2023: Ele Grance New Standard Specification Launch Planned

Overview
New machine-room-less elevator featuring enhanced flood countermeasures.
Impact
Expected to improve space efficiency and safety.

2021: Non-Contact Operation Button 'AirTap' Rolled Out

Overview
Expanded non-contact buttons for existing elevators in response to COVID-19.
Impact
Contributes to customer safety and reassurance, achieving demand expansion.

2022: Overseas Production Bases Strengthened

Overview
Advanced equipment enhancements and technology transfers at bases in Shanghai, Singapore, and the US.
Impact
Contributes to region-specific services and quality stability.

Sustainability

  • Promoting普及 of energy-saving elevators
  • Promoting resource circulation through product renovations
  • Fulfilling social responsibility through enhanced safety and disaster prevention functions
  • Conducting safety education and awareness activities for local communities
  • Compliance with environmental regulations in global expansion