Fuji Oozex
Basic Information
- Stock Code
- 7299
- Industry
- Transportation Equipment
- Category Detail
- Auto Parts
- Prefecture
- Shizuoka Prefecture
- Establishment Year
- December 1951
- Listing Year
- December 1994
- Official Website
- http://www.oozx.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
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Overview
Fuji Oozex is the leading engine valve manufacturer in the automotive parts industry, founded in 1951, boasting high market shares both domestically and internationally as a Daido Steel group company.
Current Situation
Fuji Oozex recorded consolidated sales of approximately 20.8 billion yen and net assets of approximately 25.2 billion yen for fiscal 2018, maintaining a stable financial base. Its flagship engine valves hold approximately 33% domestic market share and 15% global share, securing the top position in Japan's small valve segment. As a subsidiary of Daido Steel, it collaborates on steelmaking technology, focusing on enhancing quality and production efficiency. In 2016, it established a joint venture with Mitsubishi Heavy Industries Machine Tool to promote business collaboration, technology development, and business foundation strengthening. It is also advancing environmentally responsive equipment and new material applications while promoting sustainable manufacturing. Looking ahead, it aims to expand globally while adapting to automobile electrification and lightweighting trends. With around 450 non-consolidated employees and 1,100 consolidated, it is a mid-sized firm strong in technology and flexibility. Leveraging high-precision machining honed in internal combustion engine parts, it eyes new fields. To swiftly address market changes and achieve sustainable growth, it is reinforcing its management structure.
Trivia
Interesting Facts
- Originally started as Sonoike Valve Co., Ltd.
- Daido Steel provides capital participation for integrated material development.
- Holds approx. 33% domestic share in engine valves, Japan's largest.
- Early focus on new materials and machining technology development.
- Head office relocated from Fujisawa City, Kanagawa to Kikugawa City, Shizuoka.
- Established new joint venture with Mitsubishi Heavy Industries Machine Tool for production innovation.
- Strength in lightweight and high-durability products.
- Global company with approx. 15% world market share.
- Actively investing in EV and hydrogen vehicle parts development.
- Gains customer trust through extensive quality management efforts.
- Stable mid-sized company with approx. 1,100 employees.
- Pioneering development of environmental regulation compliant products.
- Long-recognized specialist automotive parts manufacturer.
- Listed on TSE Second Section with stable capital base.
- Enhances production efficiency with state-of-the-art machine tools.
Hidden Connections
- Maintains product competitiveness through material collaboration with parent Daido Steel.
- Advances production technology innovation via joint venture with Mitsubishi Heavy Industries Machine Tool.
- Head office in Kikugawa City, Shizuoka, deeply rooted in local community and contributing regionally.
- Respected by competitors due to long-accumulated technology.
- Developing hydrogen fuel compatible parts in line with automotive electrification trend.
- Unique joint ventures and alliances among domestic mid-sized auto parts makers.
- Built long-term transaction relationships with diverse automakers.
- Dedicated to building diverse product lineup responsive to customer needs.
Future Outlook
Growth Drivers
- Sustained demand for automobile engine valves domestically and overseas
- Next-generation fuel vehicle (EV, hydrogen) compatible parts development
- Strengthened synergy in material development with Daido Steel
- Efficiency gains from production automation and digitalization
- Expanded demand for new products amid stricter environmental regulations
- Sales expansion and local production in overseas markets
- Shift strategy to high value-added products
- Acceleration of new materials and technologies development
- Active entry into next-generation mobility fields
- Customer base strengthening based on quality and technology
- Technology innovation through expanded collaboration with partners
- Achieving both manufacturing cost reduction and environmental load reduction
Strategic Goals
- Achieve 40% share in domestic engine valve market
- EV and hydrogen vehicle parts sales ratio over 30%
- Realize 50% full automation rate in production lines
- Reduce CO2 emissions 50% from 2010 levels
- Expand overseas sales ratio to over 40%
- Advanced sustainability management
- Accelerate new material development and patent acquisition
- Reduce quality defect rate to industry-lowest level
- Strengthen coexistence with local community and expand contributions
- Annual education investment of over 1,000 hours per employee for technology enhancement
Business Segments
Parts Supply to Automobile Manufacturers
- Overview
- Stably supplies high-quality engine valves and related parts to automobile manufacturers in Japan and overseas.
- Competitiveness
- Advanced machining technology and material development capabilities through collaboration with Daido Steel
- Customers
-
- Domestic major automobile manufacturers
- Overseas automobile manufacturing companies
- Engine manufacturing equipment makers
- Automotive parts distributors
- EV manufacturers
- Motorcycle manufacturers
- Industrial equipment manufacturers
- Aerospace companies
- Shipbuilding companies
- Construction machinery manufacturers
- Products
-
- Engine valves
- Valve seals
- High-precision machined parts
- Heat-resistant parts
- Exhaust system parts
- Intake system parts
- Special alloy valves
- Lightweight material parts
- Custom design parts
- Prototype parts
- Maintenance replacement parts
- EV-compatible parts
- Hydrogen vehicle-compatible valves
- Environmentally compatible materials
- Recycled material parts
Industrial Machinery Parts Supply
- Overview
- Provides high-precision, high-durability parts to a variety of industrial machinery manufacturers.
- Competitiveness
- High manufacturing technology and material development for reliable parts
- Customers
-
- Machine tool manufacturers
- Industrial machinery manufacturers
- Semiconductor equipment manufacturers
- Construction machinery companies
- Energy equipment manufacturers
- Shipbuilding parts manufacturers
- Agricultural machinery manufacturers
- Logistics equipment manufacturers
- Products
-
- Precision machined parts
- Wear-resistant parts
- Engine auxiliaries
- Custom machined parts
- High-durability parts
- Heat-resistant parts
- Machinery valves
- Special alloy materials
- Industrial machinery parts
- Maintenance parts
- Prototypes
Material Development and Research Support
- Overview
- Advances material research technical support and new material development together with Daido Steel.
- Competitiveness
- Material development and machining fusion technology directly from steel manufacturer lineage
- Customers
-
- Daido Steel Group
- Research institutions
- University engineering departments
- New material manufacturers
- Automotive parts manufacturers
- Products
-
- New alloy development
- Heat-resistant materials
- High-strength metal parts
- Recycled materials
- Machining technology development support
Overseas Local Production Support
- Overview
- Provides production technology and quality management support services to overseas factories.
- Competitiveness
- Sharing of Japan headquarters know-how and local adaptation capabilities
- Customers
-
- Overseas auto parts factories
- Local assembly manufacturers
- Products
-
- Technical guidance
- Process design support
- Quality control support
Competitive Advantage
Strengths
- Top with approx. 33% share of domestic engine valve market
- Utilizes Daido Steel Group's material technology
- High-precision and high-durability product technology
- Customization capabilities for diverse customers
- Stable financial base and management structure
- Strengthened R&D through technical alliances
- Long industry experience and trust
- Sales network spanning Japan and overseas
- Flexible production for short delivery times
- Comprehensive quality assurance system
- Swift compliance with environmental regulations
- Accumulated employee skills and know-how
- Foundation for global market expansion
- Adapts to diversification in automotive industry
- Development of next-generation fuel-compatible products
Competitive Advantages
- High cost competitiveness due to direct link to Daido Steel Group materials
- Brand trust from top domestic share in engine valve market
- Differentiation through high-precision machining and long-life products
- Production technology innovation via business alliance with Mitsubishi Heavy Industries Machine Tool
- Stable orders from broad domestic and international customer base
- High specialization focused on engine valves
- Early development and launch of environmentally compliant products
- Thorough quality control via proprietary manufacturing processes
- Product lineup covering diverse vehicle types and engines
- Technology development anticipating rapid electrification
- Strengthened collaboration on material development leveraging technology
- Enhanced overseas market expansion centered on Asia
- Rapid response to customer technical requests
- Parts design adapted to assembly processes
- Delivery time reduction and cost savings through logistics efficiency
Threats
- Global shift to automobile electrification and engine downsizing
- Intensifying competition from low-cost overseas manufacturers
- Cost increases from raw material price fluctuations
- Increased burden of complying with new environmental regulations
- Market share loss from delays in new technology development
- Earnings impact from exchange rate fluctuations
- Political and economic risks in emerging markets
- Production adjustment risks from customer automakers
- Global logistics disruptions
- Supply chain interruption risks
- Emergence of alternative materials and parts technologies
- Challenges in talent acquisition and technology succession
Innovations
2024: Development of High-Durability Valve Using New Materials
- Overview
- Developed engine valve using lightweight, high-durability new alloy, achieving performance improvements.
- Impact
- Engine efficiency improvement and 15% durability enhancement
2023: Strengthened Business Alliance with Mitsubishi Heavy Industries
- Overview
- Advancing alliance with machine tool manufacturer to introduce production process automation technology.
- Impact
- 20% production efficiency improvement, cost reduction
2022: Expansion of Environmentally Compatible Valve Lineup
- Overview
- Added and launched new valve product series compliant with emission regulations.
- Impact
- 20% increase in eco-car product sales
2021: Success in Prototyping Hydrogen Fuel Compatible Valve
- Overview
- Successfully prototyped engine valve for hydrogen, the next-generation fuel.
- Impact
- Established foundation for future markets
2020: Introduction of High-Precision Machining Line
- Overview
- Installed new machining line, improving product precision and productivity.
- Impact
- 30% reduction in product defect rate
Sustainability
- CO2 emission reduction plan in manufacturing processes
- Efforts to improve waste recycling rate
- Promotion of environmentally regulatory compliant product development
- Introduction of energy-saving equipment
- Strengthened R&D for hydrogen society compatible products
- Supply chain environmental measures in collaboration with partners
- Employee environmental awareness education
- Participation in local environmental conservation activities
- Active use of recyclable materials
- Energy efficiency improvement projects
- Maintenance and update of environmental management system
- Environmental assessment across entire product lifecycle