Furuya Metal
Basic Information
- Stock Code
- 7826
- Industry
- Other Products
- Category Detail
- Chemicals & Chemical Products
- Prefecture
- Tokyo
- Establishment Year
- August 1968
- Listing Year
- September 2006
- Official Website
- https://www.furuyametals.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- Grimes, Nissan Chemical, Tokyo Ohka Kogyo, Sumitomo Bakelite, Nippon Kayaku, I.P.S. (IPS), Nippon Seika, Tri Chemical Laboratories, ADEKA, Taiyo Holdings, Dexerials, JX Metals, Toyo Tanso, Daitron, Interaction, Riken Keiki, A&D Holon Holdings, Hirayama Holdings, ZACROS
Overview
Furuya Metal is an industrial precious metal processing manufacturer established in 1968, specializing in advanced refining technologies centered on rare platinum group elements and has established a unique position in the global market.
Current Situation
Furuya Metal recorded consolidated sales of approximately 33.8 billion yen and operating profit of approximately 10.4 billion yen for the fiscal year ended June 2021, maintaining a stable management base domestically and internationally. Its main businesses are refining and processing of industrial precious metal products such as platinum and iridium, and temperature sensor manufacturing, with strengthened competitiveness through a capital and business alliance with Tanaka Kikinzoku Kogyo. It operates multiple production sites including the Tsukuba plant, and its quality management system has obtained ISO9001 certification. It was selected for the Ministry of Economy, Trade and Industry's Global Niche Top 100 companies in 2014 and 2020, highly evaluated for its technological capabilities and market dominance. In recent years, it has established subsidiaries in North America and Korea to advance international expansion and new market development. It is focusing on research and development for higher value-added products and growth in the sensor business. It is also committed to environmental considerations and sustainable management, formulating a growth strategy with an eye toward expansion into new fields utilizing platinum group elements in the long term.
Trivia
Interesting Facts
- Successfully manufactured Japan's first iridium crucible in 1981.
- Established in 1968, but origins trace back to Furuya Shoten founded in 1951.
- Continuously selected for METI Global Niche Top companies in 2014 and 2020.
- Operates subsidiaries in Korea and the U.S., with active international business.
- Tanaka Kikinzoku Kogyo is the largest shareholder with over 20% ownership.
- Obtained ISO9001 certification at the Tsukuba plant in 2000.
- Certified as a J-Stock stock.
- Holds high industry share in multiple temperature sensor products.
- One of the few specialized companies focused on industrial refining and processing of platinum group elements.
- Expanding product offerings in special alloys and electronic materials.
- Operates a directly managed Kyushu branch office in Hakata-ku, Fukuoka City.
- Chitose plant located in Chitose City, Hokkaido, also advancing cold-region compatible product development.
- Actively engages in social contributions such as local events and environmental conservation activities.
- Platinum products widely used in medical, chemical, and electronics industries.
- Governance strengthened as a company with an audit and supervisory committee.
Hidden Connections
- Strengthened technological exchange and resource procurement collaboration through capital and business alliance with Tanaka Kikinzoku Kogyo.
- Establishment of subsidiaries in North America and Korea leads to technological cooperation with local entities.
- Temperature sensor business contributes to growth in precision machinery and semiconductor industries.
- Products in electronic materials field closely linked to domestic and international semiconductor industries.
- Leading industry initiatives in resource recycling for rare metals.
- METI Global Niche certification serves as proof of industry reliability.
- Market reclassification to Prime Market is part of enterprise value enhancement strategy.
- ISO9001 certification ensures internationally recognized quality assurance.
Future Outlook
Growth Drivers
- Global increase in demand for rare precious metals
- Expansion in semiconductor and electronics fields
- Advanced needs for industrial temperature measurement devices
- Market growth for environmentally compatible technologies and products
- International expansion utilizing overseas subsidiaries
- Strengthening in technology and resources through capital alliances
- Manufacturing reforms considering sustainability
- Development of new applications for high-function materials
- Promotion of digitalization and automation in refining processes
- Rapid response capabilities to market and technological changes
Strategic Goals
- Achieve 70% sales ratio in global markets
- Establish manufacturing processes aiming for zero environmental impact
- 150 billion yen in sales from new high-function materials business
- Implement sustainable resource recycling system
- Production automation and quality optimization at domestic and international sites
- Increase R&D investment by 30% from current levels
- Aim to be industry leader under ISO14001 and ESG standards
- Develop and deepen new B2B customer segments
- Build sustainable procurement network
- Promote employee diversity and work style reforms
Business Segments
Precision Equipment Parts Supply
- Overview
- Supplies extremely high-precision and high-quality parts to cutting-edge industries, supporting stabilization of manufacturing processes.
- Competitiveness
- Improved reliability through advanced metal processing technology and stable quality control
- Customers
-
- Semiconductor manufacturing equipment manufacturers
- Electronic device manufacturers
- Optical equipment manufacturers
- Analytical instrument manufacturers
- Various industrial machinery manufacturers
- Products
-
- Platinum alloy parts
- Iridium crucibles
- High-precision temperature sensors
- Corrosion-resistant alloy parts
- Semiconductor metal materials
Chemical Industry Materials
- Overview
- Provides high-function materials that enhance the safety and efficiency of chemical processes, contributing to industrial innovation.
- Competitiveness
- High-purity material production capability through proprietary refining technology
- Customers
-
- Chemical product manufacturers
- Catalyst manufacturers
- Research institutions
- Environmental technology companies
- Materials development companies
- Products
-
- Platinum catalysts
- High-purity platinum powder
- Heat-resistant alloy products
- Chemical reaction equipment parts
- Industrial catalyst materials
Materials for Electronic Component Manufacturing
- Overview
- Stably supplies high-quality materials necessary for manufacturing precision electronic components, contributing to improved reliability.
- Competitiveness
- Material customization technology tailored to applications
- Customers
-
- Electronic component manufacturers
- Semiconductor manufacturing equipment manufacturers
- Measurement instrument manufacturers
- Automotive parts manufacturers
- Medical device manufacturers
- Products
-
- High-purity platinum thin film materials
- Electronic contact materials
- Special alloy wire
- Temperature sensing element sensors
- Compact sensor products
Research and Development Support Services
- Overview
- Promotes innovation creation through advanced R&D materials and technical support.
- Competitiveness
- Technical support system that meets segmented needs
- Customers
-
- Universities and research institutions
- Materials development companies
- Industrial technology research institutes
- Industrial technology centers
- Medical and bio research institutes
- Products
-
- High-purity metal materials for prototypes
- Custom sensor development
- Material evaluation and analysis services
- Technical consulting and support
- Joint research programs
Export Business to Overseas Customers
- Overview
- Strengthens business expansion in overseas markets to meet global industrial needs.
- Competitiveness
- Local support system through collaboration with subsidiaries
- Customers
-
- North American industrial equipment manufacturers
- Korean research institutions
- European industrial materials trading companies
- Asian electronic component companies
- International trading companies
- Products
-
- Platinum product exports
- Sensor-related products
- Industrial special alloys
- OEM supplied products
- Technical support services
Competitive Advantage
Strengths
- Possesses advanced refining and processing technologies
- Specialist manufacturer of rare platinum group elements
- Capital and business alliance with Tanaka Kikinzoku Kogyo
- Quality management system certified under ISO9001
- Multiple domestic and international production sites
- Certified as METI Global Niche Top company
- Long-standing trust and track record in the industry
- Proven supply of products to diverse industrial sectors
- Promotion of sustainable manufacturing processes
Competitive Advantages
- High-precision manufacturing capabilities specialized in platinum group elements
- Global sales network and partnerships
- High-purity products through proprietary refining technology
- Custom product development tailored to customer needs
- Establishment of overseas market bases in North America and Korea
- Proven supply of materials to diverse industrial applications
- Stable management backed by strong financial foundation
- Environmental considerations with sustainability focus
- Development technology for high-performance temperature sensors
- Ongoing brand strength from METI certification
Threats
- Risk of price fluctuations in rare metals
- Competition in technological innovation from rivals
- Increased manufacturing costs due to stricter environmental regulations
- Impact of international instability on supply chains
- Fluctuations in semiconductor market demand
- Emergence of alternative materials due to technological advances
- Challenges in securing talent due to labor shortages
- Decline in export competitiveness due to yen appreciation
- Order reductions due to global risks such as pandemics
Innovations
2023: Development of New Manufacturing Technology for High-Purity Iridium Crucibles
- Overview
- Developed iridium crucibles with 20% improved durability compared to conventional products, contributing to improved semiconductor processing precision.
- Impact
- Improved customer satisfaction and cost reduction through extended product life
2022: Development of New Heat-Resistant Alloy Material for Temperature Sensors
- Overview
- Developed a new material that balances durability and sensitivity for high-temperature environments and began partial mass production.
- Impact
- Contributes to acquiring new customers and expanding market share
2024: Introduction of Refining Process Automation at Overseas Production Sites
- Overview
- Introduced the latest automation equipment at Korean and U.S. subsidiaries, achieving improved production efficiency and quality stability.
- Impact
- 20% productivity improvement, reduction in quality variations
2021: Development of Low-Environmental-Impact Refining Technology
- Overview
- Established new technology to reduce harmful substance emissions and improve energy efficiency in refining.
- Impact
- Strengthened compliance with environmental regulations and promotion of sustainability
2023: Expansion of High-Sensitivity Compact Temperature Sensor Product Line
- Overview
- Developed high-sensitivity sensors capable of micro-area measurement and introduced them to semiconductor and medical device fields.
- Impact
- Promotes new market development and sales expansion
2020: Development of High-Activation Technology for Platinum Catalyst Powder
- Overview
- Practicalized production technology for activated catalyst powder that improves chemical reaction efficiency.
- Impact
- Expanded adoption through customer process efficiency improvements
Sustainability
- Introduction of energy-saving refining processes to reduce environmental impact
- Improved waste recycling rate and emission reductions
- Promotion of resource recycling for platinum group elements
- Thorough employee health and safety management
- Cooperation in local community environmental conservation activities
- Acquisition of ISO14001 environmental management system certification
- Strengthened environmental and social considerations in supply chains
- Improved resource efficiency through product longevity
- Adoption of water-saving technology and water resource protection
- Setting targets for greenhouse gas emission reductions