Fulltech Co.Ltd. (6546) Stock Price

Market cap
¥6B
P/E ratio
14.9x
Fultech provides automatic door systems and building fixtures like stainless steel sashes, offering complete sales, design, construction and maintenance services across Japan.

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Business Overview

Fultech operates primarily through two business segments: automatic door-related business and building fixtures business. In the automatic door segment, the company provides sales, design, construction, and maintenance services for automatic door opening and closing systems. The company also handles renovations such as stainless steel sashes and has established an integrated in-house system to accept orders across all services.

In the automatic door business, Fultech delivers customized solutions to customers through each process including sales, design, construction, maintenance services, technical management, product development, and procurement. The company operates 39 locations primarily in Hokkaido, Tohoku, and Kanto regions, enabling rapid response to customer needs.

The building fixtures business focuses on stainless steel sashes and doors as core products, which are sold as a package with automatic door opening and closing systems. Stainless steel sash design requires high precision, and Fultech leverages its expertise and the latest CAD systems to provide customers with optimal specifications.

Fultech also operates additional business segments including environmental equipment business selling, installing, and maintaining smoking booth systems called "Tornex," security business selling security gates, and bicycle parking systems business. Additionally, the company's consolidated subsidiary Wise Corporation develops, designs, and manufactures embedded control boards.

Management Policy

Fulltech has established "Vision 2030," a growth strategy targeting 2030, aiming to transform from a subcontractor-type company to a technology-driven sales company. To realize this vision, the company is pursuing growth strategies including development of new products and services, reform of its revenue structure, expansion of business domains, and active M&A activities.

As specific targets, Fulltech aims to achieve sales of 16.2 billion yen, operating profit of 1.1 billion yen, and ROE of 9.2% by 2027. To this end, the company has formulated a medium-term management plan for 2025-2027, with key strategies focused on developing new products and services, expanding the number of units under maintenance contracts, and enhancing corporate value.

Fulltech places emphasis on securing and developing talent for sustainable growth. Through strengthened recruitment activities and workplace environment improvements, the company is working to secure and retain excellent personnel. Additionally, the company is focusing on developing new products that address barrier-free accessibility and energy efficiency, advancing the provision of products and services that meet societal needs.

In reforming its revenue structure, Fulltech is deepening demand in the renovation and maintenance markets and advancing entry into renovation business. The company is also working to increase the number of maintenance contracts to strengthen its revenue base. Furthermore, as part of expanding its business domains, the company is advancing nationwide expansion through opening outlets in new areas and pursuing M&A activities.

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