Fuji Die Co.,Ltd. (6167) Stock Price

Fuji Dies manufactures and sells wear-resistant tools made from cemented carbide and cemented carbide chips, which are the raw materials for these tools. The company operates through seven subsidiaries domestically and internationally, conducting business in a single segment focused on wear-resistant tool-related operations. Cemented carbide is an alloy created by mixing tungsten carbide and cobalt, then sintering at high temperatures. It is harder than steel and resistant to deformation.

Fuji Dies' products are classified into three categories: cemented carbide tools, cemented carbide dies, and other cemented carbide products. These are used across diverse industries including transportation machinery, steel, non-ferrous metals, beverage cans, and electrical and electronic components. The company also manufactures and sells wear-resistant tools using materials other than cemented carbide, enabling it to meet diverse customer needs.

For sales operations, Fuji Dies maintains sales offices at 10 locations domestically and in 5 Asian countries, with approximately 100 sales personnel to understand customer requirements. Technical service staff and production engineers support the sales team, providing advanced proposals ranging from the selection of cemented carbide materials and processing methods to product management.

For production, Fuji Dies operates an integrated production system that completes all necessary processes for cemented carbide manufacturing within the group. With 7 production facilities domestically and 2 overseas, the company enables close coordination between sales and production divisions. This allows efficient production of products best suited to customers' specific usage conditions.

For research and development, Fuji Dies conducts material and processing development based on powder metallurgy technology, advancing product development to create new markets. In particular, the company focuses on researching and developing new cemented carbide materials by leveraging expertise in metal powder types, particle size combinations, and sintering conditions.

Fuji Dies' main products include dies, plugs, automotive component dies, can-making dies, cemented carbide chips, and steel products. These are used in diverse applications such as wire rod and pipe production, automotive component manufacturing, and beverage can production. Dies, in particular, are the company's flagship product and the origin of its company name.

Fuji Dice is pursuing sustainable growth by strengthening its response to next-generation automotive and semiconductor markets. The company is advancing its capabilities in electrification and CASE (Connected, Autonomous, Shared, Electric) technologies, positioning expanded sales of next-generation automotive products as a key component of its growth strategy. Additionally, the company is preparing for semiconductor market expansion in response to developments in generative AI and digital transformation (DX).

The company has formulated its "Medium-Term Management Plan 2026" to transform its corporate structure to adapt to changing market conditions. It positions domestic operations as the foundation for growth and overseas expansion as the growth driver, while pursuing new business opportunities. Specifically, the company has identified five priority areas: strengthening management foundations, improving productivity, accelerating overseas operations, contributing to decarbonization and a circular economy, and establishing new businesses.

In strengthening management foundations, the company is advancing sustainability-focused management, developing new energy-related products, and enhancing recycling activities. It is also establishing a new quality assurance division, implementing enhanced employee engagement programs, and upgrading information infrastructure to increase corporate value.

For productivity improvements, the company is advancing automation and labor reduction in domestic manufacturing. At the Koriyama Manufacturing Plant, automated robots have been introduced to increase output through unmanned machining. At the Kumamoto Manufacturing Plant, automated processing lines are being introduced to transition from manual to automated operations.

To accelerate overseas operations, the company is targeting market expansion in China, ASEAN, India, and North America. In China, new sales offices have been opened and new customers are being acquired through trade show participation and expanded product offerings. In ASEAN, productivity improvements are underway, while in India, brand awareness is being enhanced through trade show participation.

To contribute to decarbonization and a circular economy, the company is developing products for next-generation automotive and next-generation energy applications. Notably, the company is focusing on environmentally conscious product development, including announcing electrodes for green hydrogen production equipment. It is also reducing rare metal usage and strengthening recycling activities.

To establish new businesses, the company has launched an organization to explore new business opportunities and advance commercialization efforts, aiming for growth through both existing and new business lines. The company is actively considering M&A and business partnerships to build new business pillars.