Fulltech

Basic Information

Stock Code
6546
Industry
Services
Category Detail
Construction Materials & Equipment
Prefecture
Hokkaido
Establishment Year
November 1963
Listing Year
March 2017
Official Website
https://www.fulltech1963.com/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Mitsuchi, Daishin Chemical, Almetax, Sanwa Holdings, Bunka Shutter, Sankyo Tateyama, Toyo Shutter, Fuji Sash, Otake

Overview

Fulltech is a mid-sized company in the automatic door and joinery construction industry founded in 1963, with an extensive sales network from Hokkaido to the Kanto region, featuring stable service provision.

Current Situation

As of 2022, Fulltech recorded consolidated sales of approximately 10.4 billion yen, mainly deploying automatic door devices and joinery works centered in Hokkaido, Tohoku, and Kanto regions. Employing about 569 people, it conducts solid business operations. Its mainstay product, automatic doors, is strengthening its regional market share, focusing primarily on sales to public and commercial facilities. In 2022, it achieved dual listing on the Sapporo Securities Exchange, advancing the diversification of funding sources. For differentiation from competitors, it emphasizes regionally rooted service provision and enriched maintenance systems, striving to enhance customer satisfaction. Looking ahead, it plans to intensify market development in the Tokyo metropolitan area and aims to expand its share in the automatic door sector. To address economic fluctuations, it is promoting technological innovation and swift responses to customer needs. Regarding sustainability, it prioritizes product durability, energy efficiency, and reduction of environmental impact.

Trivia

Interesting Facts

  • Grown as an automatic door specialist with roots in Hokkaido
  • Torunex smoke partitioner highly regarded in the industry
  • Continues regionally rooted management as a veteran domestic automatic door maker
  • Sponsor of Hokkaido REIT Investment Corporation
  • Maintains a wide lineup of related equipment
  • Dual-listed on Tokyo Stock Exchange 1st Section and Sapporo Securities Exchange
  • Consistently enhances maintenance services, earning thick customer trust
  • Originally started business as Teraoka Auto Door
  • Holds numerous patents in construction techniques and product development
  • Over 50 years of stable management since founding
  • Regional commercial facilities and government offices as major customers
  • Received environmental awards multiple times in smoke partitioning field
  • Actively working on improving automatic door safety
  • President is Shigeyuki Furuno, with a history of family management
  • Gaining attention with market launch of new material smoke screens

Hidden Connections

  • Long-term trading relationships with Hokkaido construction materials wholesalers as a strength
  • Participates in many local public facility construction projects
  • Collaborates with research institutions sharing patents in smoke partitioning field
  • Cooperative product supply relationship with building materials wholesaler Otake
  • Accelerated Tokyo metro expansion by acquiring Kyouritsu Auto Door
  • Strengthened ties with real estate industry through sponsor agreement with Hokkaido REIT
  • Sources some automatic door parts from local companies, linking with regional economy
  • Family management system maintained by president's family supporting long-term stability

Future Outlook

Growth Drivers

  • Accelerated automatic door market development in Tokyo metro area
  • Increasing demand for aging public facility equipment renewals
  • Rising needs for energy-saving and safety products
  • Demand for smoke/fire prevention products due to strengthened regulations
  • Spread of IoT and smart building technologies
  • Strengthening customer base through regionally rooted services
  • Expansion of total provision from construction to maintenance
  • Equipment demand in redevelopment projects
  • Market growth for environmentally considerate products
  • Industry push toward digitalization

Strategic Goals

  • Secure over 20% sales share in Tokyo metro area
  • Expand automatic door-related business sales to approximately 15 billion yen
  • Full rollout of IoT-compatible product lineup
  • Achieve environmental impact reduction targets
  • Elevate maintenance service quality to world standards
  • Maintain dual listing on Sapporo Securities Exchange and Tokyo Stock Exchange
  • Strengthen collaboration with regional society and sustainable management
  • 30% improvement in construction efficiency through new technology introduction
  • Complete nationwide rollout preparations for joinery and smoke partitioners
  • Diverse talent development and improved employee satisfaction

Business Segments

Automatic Doors for Commercial Facilities

Overview
Provides automatic door products and maintenance services that combine safety and convenience for commercial facilities.
Competitiveness
Rapid construction rooted in the region and comprehensive maintenance system
Customers
  • Commercial Building Owners
  • Developers
  • Facility Management Companies
  • Department Stores
  • Large Retail Operators
Products
  • Sliding Automatic Doors
  • Folding Automatic Doors
  • Fire-Resistant Automatic Doors
  • Automatic Door Maintenance Services

Joinery Works for Public Facilities

Overview
Handles installation of highly durable joinery products and related equipment for public facilities.
Competitiveness
Strict quality control and long track record in public projects
Customers
  • Local Governments
  • Public Institutions
  • School Corporations
  • Hospitals
  • Public Facility Managers
Products
  • Stainless Steel Joinery
  • Aluminum Sash
  • Smoke Screens
  • Smoke Partitioners

Maintenance & Repair Services

Overview
Deploys maintenance and repair services to support stable operation of automatic doors and joinery.
Competitiveness
Abundant on-site response experience and deployment of specialized staff
Customers
  • Building Management Companies
  • Construction Companies
  • Contractors
  • Commercial Facility Operators
Products
  • Regular Inspections
  • Emergency Repairs
  • Equipment Upgrade Proposals
  • Deterioration Diagnosis Services

Smoke Partitioning & Air Conditioning Related Equipment

Overview
Provides smoke partitioning/smoke screens and related equipment to improve facility environments.
Competitiveness
Proposal capabilities for total environmental solutions
Customers
  • Restaurants
  • Office Buildings
  • Commercial Facilities
  • Hospitals
  • Educational Institutions
Products
  • Torunex Smoke Partitioner
  • Smoke Screen
  • Air Conditioning Integration Services

Equipment Renewal Business

Overview
Implements equipment renewals and energy-saving renovations for existing facilities.
Competitiveness
Introduction of latest technologies and high cost-performance
Customers
  • Facility Owners
  • Management Companies
  • Building Maintenance Companies
  • Equipment Contractors
Products
  • Automatic Door Renewal Works
  • Joinery Renovation Works
  • Energy-Saving Equipment Introduction
  • System Upgrades

System Integration

Overview
Provides integrated solutions for automatic doors and facility security systems.
Competitiveness
Flexible system design and responsiveness to regional needs
Customers
  • Construction Project Management
  • Equipment Monitoring Companies
  • Facility Operation Companies
Products
  • Automatic Door Control Systems
  • Security Integration
  • Remote Monitoring Systems

Wholesale & Agency Business

Overview
Builds wholesale sales and logistics systems leveraging a nationwide agent network.
Competitiveness
Strong network with regional agents
Customers
  • Building Materials Wholesalers
  • Construction Agents
  • Equipment Sales Companies
Products
  • Automatic Door Equipment
  • Joinery Parts
  • Smoke Partitioners
  • Smoke Screens

Design & Consulting

Overview
Provides design consultations and proposals for joinery and equipment tailored to customer needs.
Competitiveness
Optimal design support leveraging industry expertise
Customers
  • Architectural Design Firms
  • Developers
  • Residential Operators
Products
  • Joinery Design
  • Equipment Introduction Consulting
  • Building Materials Proposals

Environmental Safety Measures Services

Overview
Provides various services to support facility safety measures and regulatory compliance.
Competitiveness
Abundant knowledge of laws/regulations and practical experience
Customers
  • Public Facilities
  • Corporate Facilities
  • Commercial Buildings
Products
  • Smoke/Fire Prevention Equipment
  • Safety Inspections
  • Regulatory Compliance Support

After-Sales Service Business

Overview
Provides comprehensive post-sale support to maintain customer satisfaction.
Competitiveness
Nationwide service network
Customers
  • Users
  • Construction Partners
  • Sales Agents
Products
  • After-Care
  • Replacement Parts Supply
  • Technical Support

Competitive Advantage

Strengths

  • Regionally rooted sales expansion
  • Diverse product lineup
  • Quality maintenance through high technical capabilities
  • Comprehensive maintenance service system
  • Sales bases in Sapporo and Kanto region
  • Stable sales and profit structure
  • High recognition in key markets
  • Flexible customer responsiveness
  • Handling of diverse related products
  • Solid management structure
  • Track record in large public projects
  • Enhanced funding capabilities through listing
  • Long-term relationships with corporate customers
  • Provision of disaster prevention products
  • Efforts to improve working environment

Competitive Advantages

  • Extensive sales network from Hokkaido to Kanto
  • One-stop services from automatic doors to joinery and smoke partitioners
  • Rapid maintenance response boosts customer satisfaction
  • Differentiation through specialized product lineup
  • Trust and track record as an established company
  • Achieved funding diversification via dual listing
  • Customization proposals closely aligned with regional needs
  • Compliance with strict quality standards for public facilities
  • Faster market responsiveness than competitors
  • Strength in equipment renewals
  • Multi-faceted sales, construction, and maintenance system
  • Securing long-term contracts through corporate specialized services
  • Comprehensive handling of safety and energy-saving products
  • High technical knowledge among sales staff
  • Strong ties with local economy

Threats

  • Intensifying competition in construction materials industry
  • Reduction in public/private investments due to economic fluctuations
  • Need to keep up with rapid technological innovations
  • Risk of new entrants from latecomer companies
  • Changes in building standards laws and other regulations
  • Upward pressure on raw material prices
  • Rising personnel costs due to labor shortages
  • Business impact risks from natural disasters
  • Increased burden of responding to strengthened environmental regulations
  • Delays in digitalization対応
  • Growing customer focus on cost reduction
  • Price competition from increased imports of overseas products

Innovations

2023: Development of IoT-Compatible Automatic Doors

Overview
Developed IoT devices enabling status monitoring of automatic doors, achieving remote maintenance.
Impact
20% improvement in maintenance efficiency and predictive failure detection

2022: Improved Energy-Saving Torunex Smoke Partitioner

Overview
Launched new energy-efficient smoke partitioner to comply with environmental regulations.
Impact
Achieved 15% reduction in power consumption

2021: Introduction of New Materials for Smoke Screens

Overview
Developed smoke screens using lightweight, high heat-resistant new materials.
Impact
10% reduction in installation man-hours and improved durability

2020: Enhanced External Integration for Automatic Door Control Systems

Overview
Renewed control systems with enriched integration functions with facility management systems.
Impact
Contributes to improved overall facility operation efficiency

Sustainability

  • Development and promotion of energy-saving products
  • Product longevity and recycling promotion
  • Strengthening waste reduction and resource circulation
  • Promotion of in-house environmental conservation activities
  • Ongoing participation in regional cleanup activities
  • Adoption of low-environmental-impact construction methods
  • CO2 reduction through efficient logistics
  • Employee environmental education programs
  • Introduction of resource-saving packaging materials
  • Collaboration with local environmental protection groups