FUJIDIE Co., Ltd.
6167・Prime Market・Machinery
Business
Fuji Die Co., Ltd. is a specialized manufacturer of wear-resistant tools and dies made of cemented carbide, founded in 1949, supplying products to a wide range of domestic and overseas industries. Its core products are Cemented Carbide Tools (dies, plugs, rolls, etc.), Cemented Carbide Dies & Molds (for automotive parts, can manufacturing, battery-related applications, optical element molding, etc.), and Other Cemented Carbide Products (cemented carbide tips, etc.), serving customers in diverse fields such as transportation machinery, steel, non-ferrous metals, beverage cans, and electrical/electronic components. The company maintains a sales network of 10 domestic locations and operations in 5 Asian countries, with overseas production bases in Thailand and Indonesia. Net sales for FY2026 (ending March 2026) were ¥17,446 million.
Business Model
The company manufactures and sells custom-made products optimized for customers' production processes on a made-to-order basis. Through an integrated production system that completes all processes—powder blending, metallurgy, processing, and inspection—within the group, it efficiently supplies tools and dies & molds in a variety of sizes and shapes tailored to customer needs. Approximately 100 sales representatives visit customers directly and collaborate with technical service staff and production engineers to make advanced proposals, thereby securing ongoing orders.
Company Strengths
The company possesses an integrated production system that completes all processes—powder blending, metallurgy, processing, and inspection—within the group. Through powder metallurgy technology accumulated over years of research and development, it can select and manufacture cemented carbide materials optimally suited to customers' usage conditions. Leveraging this technological foundation, the company has also expanded into new material development, including the new alloy "Sustelloy STN30," which reduces tungsten and cobalt usage by over 90%, and the "PME" electrode for electrochemical reactions.
The company operates sales offices at 10 locations in Japan and in 5 Asian countries (China, Thailand, Indonesia, Malaysia, India), with approximately 100 sales representatives directly visiting customers. It has established 7 production sites in Japan and 2 overseas (Thailand, Indonesia), most of which are located close to sales offices, achieving close collaboration between production and sales. Asia sales expanded to ¥3,677 million in FY2026 (ending March 2026).
Amid instability in tungsten supply to Japan due to the Chinese government's tightening of export regulations on critical minerals, the company has launched a full-scale business to collect and recycle used cemented carbide tools and dies & molds. Alongside diversifying raw material procurement sources and researching alternative raw materials, the company is pursuing initiatives to ensure a stable supply of tungsten, its main raw material, aiming simultaneously to reduce raw material procurement risk and establish a new revenue source.
ENVALITH's Perspective
Performance Trend
Revenue moved sideways, from ¥16,874 million in FY2022 to ¥17,179 million in FY2023, ¥16,678 million in FY2024, ¥16,595 million in FY2025, and ¥17,446 million in FY2026 (ending March 2026). Operating profit peaked at ¥1,113 million in FY2022 and ¥1,150 million in FY2023, then fell sharply for two consecutive years to ¥809 million in FY2024 and ¥488 million in FY2025, before recovering to ¥822 million in FY2026 (ending March 2026). The recovery was driven by strong sales of Cemented Carbide Materials and Dies & Molds (revenue up 5.1%) and lower outsourced processing costs and electricity/fuel costs. However, the forecast for FY2027 (ending March 2027) points to another decline in operating profit, to ¥700 million (down 14.9% year on year), reflecting soaring raw material prices and expanded investment in human capital, meaning profitability has not yet returned to the levels seen in FY2022 and FY2023.
Growth Strategy
As the final year of the Mid-Term Management Plan 2026, the company is advancing five initiatives: strengthening management foundations, overseas expansion, and establishing new businesses
Completed the transition to a company with an Audit and Supervisory Committee, and renewed the Group's corporate philosophy and vision. Promoting digitalization through DX-enabled visualization of sales activities and the introduction of a company-wide workflow system. Aiming to simultaneously enhance corporate governance functions and improve operational efficiency.
Implemented full-scale operation of the component-cutting optimization system, introduced automated polishing robots, and deployed automatic floor-cleaning robots company-wide. Has a track record of doubling binderless alloy production volume in a short period through revisions to production processes and sintering conditions.
Sales of optical equipment-related and semiconductor-related materials to local companies in China have been strong. In Thailand and Indonesia, expanding sales of product groups other than transport equipment. Asia sales expanded from ¥2,979 million to ¥3,677 million. In India, exhibited at a trade show toward resuming operations of a dormant subsidiary.
Developed and exhibited for the first time "Sustalloy STN30," a new alloy that significantly reduces the use of rare metals. The Catalyst Electrode (PME) for Green Hydrogen Generators received the "Life and Social Issue Solution Component Award" at the 2025 "Super" Monozukuri Parts Grand Prize, gaining external recognition.
In response to China's tightening of tungsten export restrictions, began full-scale collection activities for used cemented carbide tools and dies & molds. Aiming to simultaneously reduce raw material procurement risk and establish a new revenue source. Also concurrently promoting diversification of procurement sources and research into alternative raw materials.
Last updated: July 19, 2026