FALTEC Co.,Ltd. (7215) Stock Price

Faltech is a company whose main business includes automotive exterior parts, genuine automotive accessories, and automotive-related equipment. The Faltech Group consists of Faltech headquarters, 10 subsidiaries, and 2 affiliated companies. The company primarily serves automotive manufacturers, supplying parts used in manufacturing lines and genuine accessories sold through dealership networks.

In its automotive exterior parts business, Faltech manufactures radiator grilles, millimeter-wave radar covers, window moldings, and roof rails. These parts are developed in collaboration with automotive manufacturers to deliver high-quality products and differentiate from competitors. The company possesses advanced technologies, particularly in molding and surface treatment techniques.

In its genuine automotive accessories business, Faltech provides remote engine starters, telematics communication units (TCU), and rear-view cameras. These products are adopted through automotive manufacturer bidding processes and new product planning and development, then offered to consumers as optional equipment. Faltech leverages expertise built through long-standing business relationships to differentiate itself from competitors.

In its automotive-related equipment business, Faltech supplies vehicle inspection equipment, tire assembly machines, and engine units. This business comprises maintenance equipment used by automotive dealers and repair shops, equipment used in automotive manufacturing lines, and power systems including emergency power units. Through these products, Faltech contributes to customer safety, reliability, efficiency, and labor savings.

Faltech has received investment from TPR Corporation, which became its parent company in 2012. As a global manufacturer of resin exterior parts, moldings, and genuine accessories, Faltech operates in North America, Europe, China, and Southeast Asia. While operating in product areas distinct from TPR, both companies maintain operational independence and mutual management autonomy.

Faltech places strengthening manufacturing capabilities at the center of its growth strategy. The company is restructuring its domestic production methods and expanding them overseas to establish a system for delivering high-quality products. This aims to improve customer satisfaction.

The company also prioritizes strengthening new product development capabilities based on customer needs. In particular, it is accelerating the development of new products with decarbonization in mind and aims to bring them to market in a timely manner. This requires a solid management foundation, and the company is advancing investments in human resources and equipment for sustainable growth.

Additionally, rebuilding its UK operations is an important priority. With support from its Japanese mother factory, the company is improving product quality and production efficiency while focusing on fixed cost reduction led by local management. This aims to enhance profitability.

The medium-term management plan focuses on building a lean profit structure, strengthening new products and technologies, and enhancing the management foundation. In particular, the company is concentrating on developing new technologies with decarbonization in mind and expanding new electrical systems businesses. Through these efforts, the company seeks to achieve sustainable growth.

The company uses operating profit margin, equity ratio, and ROE as key performance indicators to assess progress toward management targets. Through these metrics, the company aims to improve profitability, financial stability, and operational efficiency while pursuing sustainable growth.