Fukuvi Chemical Industrial
Basic Information
- Stock Code
- 7871
- Industry
- Chemicals
- Category Detail
- Construction Materials & Equipment
- Prefecture
- Fukui Prefecture
- Establishment Year
- May 1953
- Listing Year
- March 1997
- Official Website
- https://www.fukuvi.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- ZOA, Sekisui Resin, Matsuya R&D, Maeda Kosen, Eidai Kako
Overview
Fukuvi Chemical Industrial is an industry-leading company specializing in synthetic resin profiled extrusion molding, centered on synthetic resin building materials founded in 1953.
Current Situation
Fukuvi Chemical Industrial recorded consolidated sales of approximately 39.6 billion yen and operating profit of approximately 1.55 billion yen in the fiscal year ended March 2023, maintaining solid performance. It holds the top domestic market share in its mainstay fields of housing interior/exterior building materials and industrial materials, leveraging synthetic resin profiled extrusion technology to sustain market competitiveness. In recent years, the company has been transforming its business structure by reducing the handling of housing building material products, while investing in new material development and manufacturing technology innovation. It operates consolidated subsidiaries in Asia and the United States, steadily expanding into overseas markets. The company is also focusing on sustainability, promoting low-environmental-impact products and the use of biomass plants. It aims to achieve ROE of 8% by 2025 through business efficiency improvements and new business development, with a strategy for sustainable growth by 2030. Key challenges ahead include competition with industry rivals, fluctuations in raw material prices, and responses to environmental regulations. The company will continue to pursue flexible management centered on technological innovation and market needs.
Trivia
Interesting Facts
- Founded in 1953 as Fukui Vinyl Industry.
- Domestic leading company in synthetic resin profiled extrusion molding.
- Headquartered in Fukui Prefecture, leading local industries.
- Possesses historic technology in manufacturing fireproof bricks for construction.
- Early adoption of biomass materials in building materials development.
- Strong trading relationships with major trading companies such as Nagase & Co.
- Multiple sales bases and factories mainly in the Kinki region.
- Promoting diversification and high functionalization of plastic building materials for housing.
- Expanded business by making Alice Chemical a wholly-owned subsidiary in 2016.
- Working on management improvement with a goal of low double-digit ROE.
- Fireproof material products adopted extensively in steel mills and power plants.
- Managing Director leads production technology innovation.
- Extrusion molding technology applicable to wide range of environmentally compatible products.
- Long-standing fictitious transaction issues resolved through management transparency.
- Multiple family members of executives as major shareholders.
Hidden Connections
- Collaborative relationship with major customer Nagase & Co. even in product development.
- Improved liquidity through market change during Tokyo Stock Exchange market consolidation.
- Subsidiaries dispatched to Southeast Asia to support global expansion.
- Fukui Bank and Hokuriku Bank providing long-term financial support.
- Deep expertise in building code compliance for some building materials.
- Holds multiple domestic patents for durability technology in residential resin building materials.
- Jointly developed heated ekiben 'Atchitchi Steam Bento' is popular at Kobe Station.
- U.S. consolidated subsidiary is established in the local building materials market.
Future Outlook
Growth Drivers
- Expanding demand for environmentally friendly housing building materials
- Continued growth in domestic remodeling market
- Further application expansion of high-performance extrusion molding technology
- Increasing demand for construction and industrial materials in overseas markets
- Shift to sustainability-focused products
- Promotion of biomass material adoption in industries
- Utilization of housing policy subsidies and incentives
- Manufacturing efficiency improvements through technological innovation
- New business creation through inter-company collaborations
- Stabilization through diversified raw material procurement
- Sales force enhancement through DX initiatives
- Flexible response to diversifying customer needs
Strategic Goals
- Sustainable achievement of ROE 8% or higher
- Environmentally compatible products ratio 50% or more
- Expansion of overseas sales ratio to 20% or more
- Market share expansion of biomass product group
- 30% reduction in factory CO2 emissions
- New product development centered on extrusion molding technology
- Business efficiency maximization through DX promotion
- Enhancement of employee technical skills and work style reforms
- Launch of new BtoB services
- Strengthening sustainable regional social contributions
Business Segments
Construction Materials Supply
- Overview
- Supply of resin building materials and fireproof materials for residential and commercial construction.
- Competitiveness
- Provides products in various shapes using synthetic resin profiled extrusion technology
- Customers
-
- Residential construction companies
- Remodeling contractors
- Architectural design offices
- Carpentry shops
- Real estate developers
- Civil engineering contractors
- Equipment construction companies
- Trading companies
- Building materials wholesalers
- General contractors
- Products
-
- Resin formwork
- Fireproof bricks
- Extrusion molded parts
- Waterproof sheets
- Biomass resin products
- Flooring materials
- Interior panels
- Exterior siding
- Seal materials
- Environmentally friendly materials
- Drainage parts
- Insulation materials
- Plastic building materials
- Extrusion molded architectural members
- Architectural resin accessories
Industrial Materials Supply
- Overview
- Provides multifunctional resin and fireproof materials for industrial machinery and high-temperature furnaces.
- Competitiveness
- Strong lineup of high-temperature resistant and environmentally friendly products
- Customers
-
- Various manufacturing factories
- High-temperature furnace manufacturers
- Machinery and equipment manufacturers
- Plastic processors
- Environmental companies
- Chemical manufacturers
- Automotive parts manufacturers
- Steel companies
- Energy-related businesses
- Logistics equipment providers
- Products
-
- Fireproof bricks
- Industrial waterproof sheets
- Extrusion molded members
- Biomass resin parts
- Insulation materials
- Industrial resin boards
- Protective covers
- Conveyor parts
- Environmentally compatible resin materials
- Seal materials
- High-function environmental sheets
- High heat-resistant materials
- Equipment maintenance materials
- Chemical-resistant parts
- Painting auxiliary materials
Overseas Business
- Overview
- Exports of resin building materials to Asia and North America, with local production.
- Competitiveness
- Product development tailored to local needs and global network
- Customers
-
- Local construction companies
- Export trading companies
- Overseas distributors
- Planning and design offices
- Local building materials suppliers
- Overseas logistics providers
- International construction companies
- Equipment manufacturers
- Environmental businesses
- Manufacturers
- Products
-
- Residential building materials exports
- Fireproof materials exports
- Multifunctional resin building materials
- Extrusion molded architectural materials
- Environmentally compatible products
- Biomass resin building materials
- Panel products
- Soundproof and insulation products
- Water-related parts
- Outdoor fences
Competitive Advantage
Strengths
- Industry-leading synthetic resin profiled extrusion technology
- Product lineup specialized in housing interior/exterior building materials
- Stable domestic sales network
- Wide lineup of construction materials
- Development capabilities for environmentally friendly products
- Overseas expansion through subsidiaries
- Long years of industry experience and technological accumulation
- Solid capital base and financial foundation
- Ability to serve diverse customer segments
- High level of R&D and manufacturing facilities
- Provision of highly durable and high-quality products
- Sales network that is regionally rooted and nationwide
- Multi-channel sales structure
- High customer satisfaction and trust building
- Quick response to sustainable materials
Competitive Advantages
- Differentiation through proprietary resin extrusion processing technology
- Established top market share in housing building materials
- Market leadership in sustainability product development
- Broad domestic and international customer base
- Enhanced regional responsiveness through consolidated subsidiaries
- Long-term product warranties and technical support system
- Continued active investment in environmental initiatives
- Dual drive of industrial and housing materials
- Cost competitiveness through advanced automation of production lines
- Established diverse material procurement network
- Strength and reliability in housing exterior building materials
- Solid management base and high transparency in information disclosure
- Active promotion of energy-saving factories
- Quick response to customer needs through regional closeness
- Overseas sales system capable of multilingual support
Threats
- Risk of cost increases due to raw material price fluctuations
- Demand fluctuations due to housing market economic cycles
- Competitors' technological innovations and price competition
- Burden of product improvements due to stricter environmental regulations
- Political and economic risks in overseas markets
- Concerns over profit deterioration due to exchange rate fluctuations
- Market shrinkage due to spread of new alternative materials
- Rising logistics costs and supply chain instability
- Increasing difficulty in securing and developing talent
- Risk of production and logistics halts due to natural disasters
- Intensifying global competitive environment
- Delays in responding to changing customer needs
Innovations
2024: Expansion of Biomass Resin Material Series
- Overview
- Strengthened product lineup of biomass-derived resin building materials with reduced environmental impact.
- Impact
- 20% increase in sales of environmentally compatible product group
2023: Successful Development of High Fire-Resistance Bricks
- Overview
- Developed high-performance fireproof bricks with excellent heat resistance suitable for industrial furnaces, etc.
- Impact
- Contributes to market share expansion in industrial materials
2022: Introduction of Automation in Extrusion Molding Production Lines
- Overview
- Achieved production efficiency and quality stability through introduction of latest equipment.
- Impact
- 15% reduction in manufacturing costs, lower defect rate
2021: Improvement of Residential Durable Waterproof Sheets
- Overview
- Launched new products with improved weather resistance and durability to extend housing lifespan.
- Impact
- Improved customer satisfaction and expanded new orders
2020: Introduction of Low-Environmental-Impact Manufacturing Processes
- Overview
- Promoted factory energy saving and waste reduction.
- Impact
- Achieved 10% reduction in CO2 emissions
Sustainability
- Expansion of biomass resin product lineup
- Promotion of factory energy saving
- Reduction of waste plastics and promotion of recycling
- Introduction of environmentally considerate product design standards
- Continuous participation in local environmental protection activities
- Strengthened environmental impact assessment of supply chain
- Packaging improvements to reduce plastic usage
- Deployment of environmental education programs inside and outside the company
- Improvement in renewable energy utilization rate
- Regular evaluations toward achieving SDGs goals