Table of Contents
Company Overview
-Management Philosophy and Business Policy- Company
We at Fuhrmeister Electronics Co., Ltd. operate a wide range of businesses, spanning electronic device sectors such as semiconductors and electronic materials, as well as operations in the panel and digital signage, solar power generation, laundromat, and equipment industries.
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Message From President
President & Representative Director
MASAKI TAKEISHI
Fuhrmeister Electronics was established in 1988, specializing in handling electronic devices and other products manufactured by Hitachi, and delivering them to GoldStar.
Over the years, we have grown as a strategic partner of GoldStar (now LG Group and LX Group), and have also expanded our global network and now serve as a bridge between manufacturers, while maintaining a focus on Japan and South Korea.
After the COVID-19 pandemic was contained, the semiconductor industry faced an excess supply and inventory surplus. However, starting this year, the supply-demand balance is gradually improving across various sectors, including AI, EVs, autonomous driving, and robotics.
Our company will continue to enhance our core electronic device business by strengthening our ability to propose solutions that contribute to further value creation for our business partners. Additionally, as part of our growth strategy, we will strengthen collaboration with key strategic partners and invest in expanding into new business areas within the electronic device sector.
We will further strengthen our unparalleled advantage in Japan, which lies in the depth of our connections with South Korean companies, and strive to become a leading solution provider in the Japanese and Korean electronic device industries.
We are also committed to contributing to common societal goals, such as the SDGs and carbon neutrality, as a company involved in solar power generation. We will continue to challenge ourselves as one united team to become a “one and only” presence in the industry, and we kindly ask for your continued support in our endeavors.
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Message from Chairperson
Chairman & Representative Director
Kenji Takeishi
History of Fuhrmeister Electronics
The history of Fuhrmeister Electronics began in 1914 with the founding of FUHRMEISTER & Co. in Germany.Our presence in Japan began in 1962 with the establishment of Fuhrmeister Japan Co., Ltd., and since then, we have experienced steady growth through our strong ties with South Korea's LG Group, LX Group, and LS Group.
In the 1960s, GoldStar (now LG Group) formed a technical alliance with Hitachi to produce home appliances for the Japanese market.It was during this time that Fuhrmeister Japan Co., Ltd., established in 1962, served as a bridge between Japan and South Korea as an electronic device trading company.In 1988, the company became independent as Fuhrmeister Electronics Co., Ltd., specializing in handling electronic devices and other products manufactured by Hitachi and supplying them to GoldStar.While the electronic device business continues to be our core focus, we have expanded our operations to encompass various sectors, including panels, solar power generation, and coin laundry services.
In December 2023, Masaki Takeishi was appointed President and Representative Director of Fuhrmeister Electronics.Under the new leadership, we are committed to growing as a solution provider linking Japan and South Korea in the electronic device industry and contributing to the advancement of the electronics field.
The Key to Business Growth is Creating More "Success Scenarios"
Since becoming an independent entity in 1988, Fuhrmeister Electronics has focused on building a solid foundation as a company. This is reflected in our strong performance from the very first year, thanks to our business connections with the LG Group and Hitachi. The Great East Japan Earthquake in 2011 also affected Hitachi, yet even in such challenging circumstances, we were able to steadily grow our performance through collaboration with our stakeholders. We believe that our established commercial ties with the LG Group and Hitachi Group have been crucial in enabling us to continue and expand our business up to the present day.
Our growth is not only attributed to our exceptional partnerships with the above groups, but also the foundation of trust that we have built by providing speedy assistance through leveraging the technical and supply capabilities of manufacturers, in other words, providing high value-added services in order to realize customers' product production plans in the electronics sector.
While our company excels in semiconductors and other electronic device businesses, we hope to create new success stories by expanding our operations through investments and mergers and acquisitions in the electronics sector moving forward.
Provide High Value-Added Services and Establish "Meister" Status
The semiconductor landscape has been steadily growing in recent years, and we are witnessing rapid changes in areas like AI development and data centers.
To contribute to innovation that aligns with the times, it is essential for us to further strengthen our organizational capabilities and collaborative systems with stakeholders, while continuously providing high-value-added services that enhance our customers' market competitiveness.We are shifting from outdated practices of merely selling individual devices to engaging in expanded sales activities that deliver valuable solutions to our customers, and we will continue to work alongside our stakeholders in pursuit of becoming a "Meister" in the electronics field.
We sincerely appreciate your continued support and patronage.
Management Philosophy
We define our "significance of existence" in society as follows.
Basic Policy
Through ongoing improvements to our organizational strength, the cornerstone of our competitiveness,
we aspire to solidify our position as a "Meister" in the electronics industry.
Corporate Slogan
Enabling the Future
Our corporate slogan, "Enabling the Future," is not only a play on the initial letters of our company name but also a reflection of our commitment, signifying our determination to "make a significant contribution to the realization of a prosperous future through cutting-edge technologies and establishing ourselves as a trusted meister in the electronics industry."
Company Profile
| Company Name | Fuhrmeister Electronics Co., Ltd. |
|---|---|
| Head Office Location | Chiyoda Trade Center Building, 2-3-3 Uchi-kanda, Chiyoda-ku, Tokyo 101-0047, Japan |
| TEL | 03-3254-5361 |
| FAX | 03-3254-5367 |
| Date of Establishment | March 14, 1988 |
| Business Objectives |
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| Number of Employees | 69 (as of end of September 2023) (excluding board members) |
| Fiscal Year-End |
September (FY2023 Sales: 27.8 billion yen) |
| Capital Stock | 480 million yen |
| Partner Banks |
MUFG Bank, Shinbashi Branch Mizuho Bank, Kanda Corporate Banking Branch No. 2 Resona Bank, Ueno Branch Hokkoku Bank, Matto Branch Kiraboshi Bank, Kanda Chuo Branch |
| Board Members |
Kenji Takeishi, Chairman & Representative Director Masaki Takeishi, President & Representative Director Tetsuro Kitano, Senior Managing Director Tomoki Takeishi, Executive Director Kazuo Kato, Director Yoshikazu Yokota, Director Kazuhiro Fujita, Auditor Kei Matsumoto, Auditor |
| Subsidiaries | Micro Process Corporation inc. (29 employees) |
| Major Customers |
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| Major Suppliers |
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Business Policy
1. Strengthen Core Businesses
Within our core electronic device business, we are committed to delivering even greater added value to customers. This involves utilizing our trading company function as a solution provider and presenting unique technical support and supply chain solutions.
2. Strengthen Collaborative Framework With Major Business Partners
Enhance ties with key customers and explore growth opportunities in emerging areas where future demand is anticipated, such as SiN insulated circuit boards for semiconductors to be used in EVs. We will continue exploring collaboration opportunities with our major business partners, building a strategic cooperative structure to effectively respond to the demands of the new era.
3. Expand Into New Business Areas
Expand our business scope by investing in and conducting M&A with businesses situated upstream in the supply chain within the electronic device-related business. We will continue to explore investment opportunities in the future.
History
| March 1988 | Fuhrmeister Electronics Co., Ltd. is established to specialize in handling electronic devices manufactured and sold by Hitachi, Ltd. for the LG Group, entering into a distributorship agreement with the former |
|---|---|
| August 1988 | Seoul Branch is established in Seoul Special City, South Korea |
| December 1990 | Head office is relocated to Chiyoda-ku, Tokyo |
| June 2001 | Entered into a continuous sale and purchase agreement with Hitachi Media Electronics Co. Ltd. |
| April 2003 | Entered into a distributorship agreement with Renesas Technology (now Renesas Electronics Corporation) |
| December 2005 | Entered into a basic sale and purchase agreement with Hitachi Displays, Ltd. (now Japan Display Inc.) |
| July 2007 | Merged with consolidated subsidiary Logisys Device Co., Ltd. and established FPD Sales Division |
| July 2008 | Gumi Office is established in Gumi-si, Gyeongsangbuk-do, South Korea |
| July 2009 | Singapore Sales Office is established |
| September 2010 | Listed on the JASDAQ (Standard) of the Osaka Securities Exchange |
| November 2012 | Hong Kong Branch established in Hong Kong |
| July 2013 | Listed on the JASDAQ (Standard) of the Tokyo Stock Exchange following the integration of the cash equity market of the Osaka Securities Exchange with the Tokyo Stock Exchange |
| September 2013 | Solar power generation business begins |
| October 2017 | Changwon Office is established in Changwon-si, Gyeongsangnam-do, South Korea |
| July 2019 | Delisted as a result of becoming a wholly owned subsidiary of TMK Corporation |
| September 2019 | Micro Process Corporation inc. becomes a wholly owned subsidiary |
| July 2020 | Investment in FJ Composite Materials Co., LTD |
| May 2023 | Established Tsu Sales Office in Tsu-shi, Mie Prefecture |
| January 2023 | Additional investment in FJ Composite Materials Co., LTD |
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