FUJI OOZX Inc.
7299・Standard Market・Transportation Equipment
Business
Fuji Oozx Inc. is a specialty Engine Valve manufacturer founded in 1951, headquartered in Kikugawa City, Shizuoka Prefecture, and a member of the Daido Steel Group. In its core Automotive Parts Manufacturing Business, the company manufactures and sells Engine Valve, Valve Seat, Cotter, Rotator, Retainer and related products through domestic plants as well as overseas subsidiaries in China (Guangdong), Indonesia, and Mexico. Its major customers include leading domestic automakers such as Toyota Motor Corporation, Nissan Motor, Suzuki, and SUBARU, as well as overseas sales destinations including Toyota Motor North America. In the Others segment, the company operates Precision Parts for FA Equipment (P&M Corporation) and metal roll manufacturing (Maruyoshi Seisakusho Co., Ltd.), working to cultivate new sources of revenue. Consolidated net sales for FY2026 (ending March 2026) totaled ¥29,093 million.
Business Model
Valve gear components manufactured domestically (Shizuoka, Fujisawa) and at four overseas locations (China, Indonesia, Mexico, and US sales) are sold directly to finished-vehicle manufacturers such as Toyota, Nissan, and Suzuki. Technology licensing agreements (royalty income) are also associated with overseas subsidiaries. Capital expenditure is centered on production rationalization, with capital expenditure of ¥2,281 million in FY2026 (ending March 2026). Operating CF generated ¥5,028 million, reflecting a structure in which investment and financing activities are funded from internal resources.
Company Strengths
The company has accumulated technical expertise as an engine-valve specialist for over 70 years since its 1960 technology alliance with TRW Inc. of the United States. It continues R&D on high-performance Engine Valves that address carbon-neutral fuel compatibility, higher operating temperatures, and improved thermal efficiency, with R&D expenses of ¥259 million (Automotive Parts Manufacturing Business) in FY2026 (ending March 2026). The company is working on developing new products and new manufacturing processes using product verification testing and various simulations.
In addition to its domestic plants, the company owns three overseas manufacturing subsidiaries: Fuji Oozx (Guangdong) Co., Ltd. (China), PT. FUJI OOZX INDONESIA (Indonesia), and FUJI OOZX MEXICO, S.A. DE C.V. (Mexico). It has concluded technology licensing agreements with each subsidiary, building a globally optimized production framework. In FY2026 (ending March 2026), sales to North America expanded significantly, up 25.9% year on year, with sales to Toyota Motor North America reaching ¥3,738 million (approximately double the prior year).
The company maintains ongoing business relationships with major domestic and overseas finished-vehicle manufacturers, including Toyota Motor North America (12.8% of sales), Nissan Motor Co. (12.0%), Toyota Motor Corporation (6.5%), Suzuki (5.6%), and SUBARU (5.2%). The top five customers together account for approximately 42% of sales, forming a stable order base.
ENVALITH's Perspective
Performance Trend
Revenue expanded 30.6% over four years, from ¥22,269 million in FY2022 to ¥29,093 million in FY2026. The revenue increase in FY2026 was mainly driven by M&A (consolidation of P&M) and sales contribution from new orders received in North America. Operating profit decreased by ¥110 million year on year to ¥2,506 million, and the operating profit margin declined from 10.2% to 8.6%. Costs associated with increased production, tariffs, labor costs, and rising material prices weighed on profit. Ordinary profit increased 17.2% year on year to ¥2,743 million, supported by the recognition of ¥220 million in foreign exchange gains. Net profit increased 38.6% to ¥2,144 million, boosted by an increase in the valuation of deferred tax assets at the Mexican subsidiary (a gain of ¥267 million in income tax adjustment). Operating cash flow increased 74% year on year to ¥5,028 million, further strengthening the company's financial position.
Growth Strategy
Final year of the 2026 Medium-Term Management Plan: three pillars of stable automotive parts earnings, new business development, and efficient management
Establishing an optimized production system across four global sites including China, Indonesia, and Mexico, while advancing new technology development for CN fuel-compatible and high-performance Engine Valves. Sales to North America expanded significantly, up 25.9% year on year, and continued contribution to sales from new order projects is expected.
P&M, acquired in July 2024, contributed positively to earnings from its first year of consolidation (net sales of ¥1,146 million, segment profit of ¥34 million). Meanwhile, Maruyoshi Seisakusho resolved to dissolve and liquidate, streamlining unprofitable operations. Going forward, the policy is to accelerate new M&A activity and synergy creation with existing group companies to cultivate the next pillar of earnings.
Thoroughly implementing management practices conscious of capital costs, aiming to enhance corporate value and share price. Advancing shareholder returns and human capital investment in parallel, including share buybacks (336,100 shares acquired via ToSTNeT-3 in January 2026) and the introduction of a restricted stock incentive plan for the employee stock ownership plan. Financial soundness remains at a high level, with an equity ratio of 83.9% and an interest coverage ratio of 161.5x.
Last updated: July 19, 2026