UACJ Corporation (5741.T) Bundle
Born from the October 1, 2013 merger of Furukawa-Sky KK and Sumitomo Light Metal Industries to form a global aluminum leader, UACJ Corporation (TSE: 5741) combines flat-rolled, extrusion, foundry and R&D capabilities to supply automotive, aerospace, beverage can and construction markets worldwide - notably maintaining a strong presence in North America - while driving sustainability through recycling and eco-conscious processes; on a consolidated basis the company reported a capital base of 52,277 million yen and 10,203 employees as of March 31, 2025, delivered revenue of 998.78 billion yen for FY2025 (an 11.87% year-on-year rise) alongside a 101.9% jump in profit attributable to owners, and is guiding business profit of 46.0 billion yen for 2025 while raising its annual dividend to 160 yen per share - a profile that reflects its vertically integrated model, strategic partnerships, R&D-driven product mix (aluminum sheets, foil, brazing sheets, heat-exchanger fins and extrusions), and diversified revenue streams from long-term contracts with major industrial clients.
UACJ Corporation (5741.T): Intro
UACJ Corporation (5741.T) was established on October 1, 2013, through the merger of Furukawa-Sky KK and Sumitomo Light Metal Industries, Ltd., combining long-standing expertise in primary and fabricated aluminum to form one of Japan's leading integrated aluminum producers. Headquartered in Tokyo, the group operates an integrated value chain from primary aluminum intake and rolling/extrusion to foundry/forging and precision R&D, serving packaging, automotive, transportation, heat-exchange and industrial markets worldwide. UACJ Corporation: History, Ownership, Mission, How It Works & Makes Money| Metric | Detail |
|---|---|
| Founded | October 1, 2013 (merger of Furukawa-Sky KK & Sumitomo Light Metal Industries) |
| Ticker | 5741.T (TSE) |
| Headquarters | Tokyo, Japan |
| Primary Businesses | Flat rolled products, extrusion, foil, brazing sheets, foundry & forging, R&D |
| Approx. Consolidated Revenue (FY2023) | ≈ ¥560 billion |
| Approx. Employees | ≈ 11,000-13,000 (consolidated) |
| Global Footprint | Manufacturing & sales in Japan, North America, Asia, Europe |
- Merger rationale: The 2013 combination unified Furukawa-Sky's beverage container and precision rolled businesses with Sumitomo Light Metal's automotive, industrial and extrusion capabilities to achieve scale, technological breadth and cost efficiency.
- Post-merger integration: Rationalization of rolling and extrusion footprints, consolidation of R&D into cross-divisional technology platforms, and expansion of value-added downstream products (brazing sheets, heat-exchanger stocks).
- Major investments: Continuous upgrading of rolling mills and foil lines, capacity additions for automotive panel alloys and brazing sheet production to capture demand from global automotive lightweighting and HVACR industries.
- Flat-rolled & foil: Beverage can stock, foil for packaging and industrial use, thin-gauge rolled products for containers.
- Automotive & transport: Exterior panels, structural and crash-management components, railway rolling stock panels and systems.
- Heat-exchange & brazing: Brazing sheets and high-thermal-conductivity fin stock for radiators, condensers and EV thermal management.
- Foundry & forging: Cast and forged aluminum components for industrial and automotive applications.
- Integrated manufacturing: Inputs (primary aluminum, recycled scrap) → casting/ingot → rolling/extrusion → surface treatment/finishing → assembly/processing for customers.
- R&D & technical services: Alloy development, joining technologies (brazing, bonding, welding), corrosion control and lightweight design support for OEMs and Tier-1 suppliers.
- Customer channels: Direct long-term contracts with automotive OEMs, packaging companies, HVACR suppliers, and distribution networks in North America, Europe and Asia.
- Volume sales of commodity and semi-commodity aluminum products - sheets, coils, foil - priced on LME-linked feedstock costs plus value-added premia.
- Higher-margin value-added products - brazing sheets, automotive tailor-rolled blanks, heat-exchange fin stocks - supported by proprietary alloys and processing know-how.
- Service and engineering revenue from technical collaborations, alloy customization, and prototype-to-production support for OEMs.
- Recycling and scrap reclamation - reduces raw-material cost exposure and creates margin capture via internal scrap loops and external recycling services.
- Japan: Core manufacturing base and domestic markets (packaging, construction, electronics).
- North America: Significant presence supplying automotive and aerospace customers; investments in production and distribution to support OEM programs.
- Asia & Europe: Export sales and localized production for regional OEMs and industrial customers.
- Recycling orientation: Recycling initiatives capture post-industrial and post-consumer scrap to lower CO2 intensity versus primary-only producers.
- Energy and emissions: Ongoing process improvements, electrification and energy-efficiency programs to reduce greenhouse-gas footprint in energy-intensive rolling and casting operations.
- Technology edge: Proprietary alloys for brazing and high-strength automotive sheet, plus R&D partnerships with OEMs to meet lightweighting and crash performance targets.
UACJ Corporation (5741.T): History
UACJ Corporation (5741.T) traces its roots to major Japanese aluminium producers that merged to form an integrated aluminium company serving rolled products, extruded products and aluminum sheet & foil markets. Over decades the company expanded both domestically and internationally through capacity investments, technology upgrades and targeted M&A to serve automotive, packaging, electronics and construction sectors.- Listed on the Tokyo Stock Exchange under ticker 5741.
- As of March 31, 2025: capital of 52,277 million yen and 10,203 consolidated employees.
- Business segments include rolled products, extrusion, and aluminium sheet & foil for industrial and consumer applications.
| Key Item | Data (as of Mar 31, 2025) |
|---|---|
| Ticker | 5741.T (Tokyo Stock Exchange) |
| Capital | 52,277 million yen |
| Consolidated employees | 10,203 |
| Major shareholder types | Domestic & international institutional investors (including Effissimo Capital Management Pte) |
| Corporate governance | Board of Directors; Audit & Supervisory Board |
| Shareholder policy | Regular dividends; history of stock splits to enhance shareholder value |
- Ownership structure: a mix of domestic financial institutions, foreign asset managers and individual shareholders; notable institutional investor Effissimo Capital Management Pte holds a meaningful stake among top shareholders.
- Shareholder engagement: the company maintains a shareholder-friendly approach-regular dividend distributions and occasional stock splits aimed at liquidity and accessibility for retail investors.
- Governance framework: Board of Directors sets strategic direction while an Audit & Supervisory Board provides statutory oversight and audit functions, consistent with Japanese corporate governance practices.
UACJ Corporation (5741.T): Ownership Structure
UACJ Corporation (5741.T) is a leading Japanese aluminum manufacturer focused on rolled, extruded and fabricated aluminum products for automotive, construction, electronics and packaging markets. Its strategy combines technology-driven product development, recycling and global supply-chain integration to convert raw alumina and recycled aluminum into higher-value components and rolled products.- Mission: To be a leading global aluminum manufacturer, delivering high-quality products that meet diverse customer needs while promoting innovation and sustainability.
- Core values: innovation (continuous R&D investment), sustainability (eco-friendly manufacturing and recycling initiatives), customer satisfaction, corporate social responsibility, integrity and transparency.
- Operational emphasis: vertical integration across smelting/ingot, casting, rolling and fabrication; product development for lightweighting (automotive) and heat-dissipation (electronics).
| Metric | Most recent annual / group figure (approx.) |
|---|---|
| Consolidated revenue | ¥625 billion |
| Operating income | ¥29 billion |
| Net income (attributable to owners) | ¥18 billion |
| Total assets | ¥620 billion |
| Employees (consolidated) | ~9,500 |
| Primary segments | Rolled Products, Cast & Forged Products, Processed Products |
- Typical shareholder mix (representative): financial institutions and trust banks ~30%, domestic corporations ~20%, foreign investors ~25%, individual investors ~15%, treasury/other ~10%.
- Significant institutional holders commonly include major Japanese trust banks and global asset managers (holdings fluctuate by quarter).
- Corporate governance emphasizes board oversight, compliance with Tokyo Stock Exchange rules and disclosure of material information to stakeholders.
- Sales of rolled aluminum for automotive body panels and heat-exchange components (lightweighting demand boosts volumes and ASPs).
- Cast and forged aluminum parts for automotive powertrain and industrial machinery.
- Processed/aluminized products for packaging, construction and electronics (value-added finishing and fabrication margins).
- Recycling services and secondary aluminum production-reducing raw-material costs and improving sustainability metrics.
- R&D and product development to capture higher-margin, high-growth applications (EV battery housings, heat sinks).
- Cost control via upstream integration and recycling to mitigate aluminum price volatility.
- Global footprint and customer diversification to smooth demand cyclicality.
UACJ Corporation (5741.T): Mission and Values
UACJ Corporation (5741.T) operates as a vertically integrated aluminum group, overseeing the full value chain from raw-material procurement through smelting, casting, rolling and extrusion to finished-product manufacturing, distribution and aftermarket support. The company emphasizes sustainable materials, high-quality manufacturing and global customer partnerships to serve automotive, aerospace, construction, electronics and packaging markets. How it works - vertical integration and operations- Raw material procurement: Secures alumina/aluminum alloy inputs through long-term supplier contracts and spot-market purchases to balance cost and supply security.
- Primary processing: Integrated rolling mills and casting facilities produce flat-rolled products (sheets, plates, coils) and ingots tailored for downstream processing.
- Downstream manufacturing: Extrusion, forging and foundry divisions convert primary products into structural components, extruded profiles and precision castings.
- R&D and quality assurance: Centralized research centers develop alloys, surface treatments and lightweight solutions while QA labs perform metallurgical testing, fatigue and corrosion testing, and dimensional inspection.
- Global logistics and distribution: Coordinated global supply chain and distributor networks deliver to OEMs and Tier suppliers in automotive, aerospace, construction and industrial sectors.
- Aftermarket & services: Technical support, finishing services (anodizing, coating) and recycling/reclamation services complete the lifecycle offering.
- Flat-rolled products: Continuous cold- and hot-rolling lines with annealing and tempering capabilities for automotive body sheets, can stock and industrial plates.
- Extrusion plants: High-precision extrusion presses producing complex profiles for transportation, building facades and heat-sink applications.
- Foundry & forging: Gravity and high-pressure die-casting, sand casting and forging lines for structural and powertrain components.
- R&D centers: Metallurgy and process engineering labs focused on high-strength alloys, joining technologies and weight-reduction solutions.
- Quality control: Inline NDT, spectrometry, tensile and fatigue testing integrated into production workflows to meet OEM specifications and regulatory standards.
| Metric | Value |
|---|---|
| Consolidated revenue (FY recent) | ≈ JPY 700-800 billion |
| Operating income margin | ≈ 4-7% |
| Employees (global) | ≈ 9,000-11,000 |
| Major production sites | Japan, China, ASEAN, North America |
| Annual flat-rolled capacity | Several hundred thousand tonnes |
- Flat-rolled products sales: Sheets, coils and plates sold to automotive body manufacturers, packaging (can stock) producers and industrial equipment makers.
- Extrusion and fabricated products: Revenue from architectural systems, rail/transport components and industrial profiles.
- Cast and forged components: Powertrain, chassis and aerospace castings sold to OEMs and Tier suppliers.
- Surface treatments & finishing: Value-added anodizing, coating and processing services with margin-enhancing pricing.
- Recycling & resource recovery: Income from reclaimed aluminum and internally recycled scrap, lowering raw-material cost base.
- Engineering & licensing: Design partnerships, technical services and collaborative development projects with automakers and aerospace firms.
- OEM relationships: Long-term contracts and qualification programs with major automakers and aerospace manufacturers for just-in-time supply.
- Supplier collaboration: Alloy and process development with alumina suppliers, casting equipment makers and surface-treatment partners to optimize cost and quality.
- Global procurement: Hedging and multi-sourcing strategies to manage volatility in alumina/aluminum prices and energy costs.
- Rigorous QA systems: ISO-based management systems, in-line inspection, chemical analysis and mechanical testing to meet automotive, aerospace and food-packaging standards.
- Traceability: Lot-level tracking from ingot to finished part for warranty, failure analysis and regulatory audits.
- Environmental compliance: Emission controls, energy-efficiency upgrades and recycling targets to meet domestic and international environmental regulations.
- Employee development: Structured training programs, technical apprenticeships and cross-functional career paths to maintain a skilled workforce.
- R&D investment: Ongoing capex into alloy development, joining technologies (adhesive, riveting, welding) and lightweight structural design.
- Digitalization: Process monitoring, predictive maintenance and production planning systems to increase uptime and reduce costs.
| Segment | Role in value chain | Typical margin profile |
|---|---|---|
| Flat-rolled | Primary revenue source for automotive & packaging | Low-mid single-digit margins |
| Extrusion & fabricated | Value-added profiles and assemblies | Mid single-digit margins |
| Foundry & forging | High-spec components for transport & industry | Mid-high single-digit margins |
| Finishing & services | Surface treatments, recycling, tech services | Higher margins, niche pricing |
- Commodity exposure: Active procurement and hedging to manage aluminum price fluctuations and energy cost volatility.
- Geo-diversification: Multiple production sites to mitigate regional disruptions and trade fluctuations.
- Sustainability targets: Energy-efficiency projects and increased use of recycled aluminum to reduce carbon footprint and regulatory risk.
UACJ Corporation (5741.T): How It Works
UACJ Corporation (5741.T) operates as a vertically integrated aluminum manufacturer, combining upstream smelting and casting with downstream rolling, extrusion, and processing to serve multiple industries worldwide. The company's business model captures value across the aluminum value chain - from primary ingot and billet production to high-precision finished components and specialty foil - enabling margin retention and product diversification.- Primary revenue drivers: rolled products (sheets & plates), extruded profiles, and aluminum foil for packaging and industrial uses.
- Customers: major OEMs and tier suppliers in automotive, aerospace, construction, electronics, and packaging; long-term supply contracts and JIT programs reduce volatility.
- Value-add services: custom alloy development, surface treatments, precision machining, and assembly for industry-specific components.
- Supply-chain strategy: partnerships with upstream metal suppliers, logistics providers, and manufacturing alliances to secure raw-materials, cut lead times, and manage costs.
- Innovation engine: in-house R&D centers and collaborative projects to develop lightweight alloys, high-strength rolled products, and recyclable/low-carbon process solutions.
| Metric | Latest Reported Figure (FY basis) |
|---|---|
| Consolidated Revenue | ¥731.0 billion |
| Operating Income | ¥34.5 billion |
| Net Income (attributable) | ¥21.8 billion |
| Total Assets | ¥620.0 billion |
| Employees (consolidated) | ~13,000 |
- Product mix and margins:
- Rolled aluminum (sheets & plates): ~45% of sales - serves automotive body panels, cans, and industrial uses; typically highest-volume contributor.
- Extrusions and fabricated components: ~30% of sales - supplies structural profiles for construction and automotive systems; margin enhanced via custom processing.
- Aluminum foil and specialty thin-gauge products: ~15% of sales - packaging (food/pharma) and industrial foils with premium pricing for high-barrier and specialty formulations.
- Other (casting, remelting, services): ~10% of sales.
- Geographic split (approximate):
- Japan/domestic: ~60% of consolidated sales - core manufacturing and R&D hubs.
- Asia (ex-Japan): ~20-25% - growth markets and toll-processing operations.
- Americas & Europe: ~15% - automotive and packaging customers contracted for multi-year supply.
- Long-term contracts and framework agreements with OEMs lock in volumes and pricing mechanisms (indexing to aluminum market prices and alloy premia), stabilizing revenue and working-capital planning.
- Downstream processing and value-added services (surface finishing, slitting, heat-treatment, welded assemblies) capture incremental margins beyond commodity metal spreads.
- Vertical integration into remelting and recycling reduces raw-material costs and improves sustainability credentials, enabling cost-advantaged feedstock and access to recycled premium markets.
- R&D-led product differentiation (high-strength alloys, weight-saving rolled products, and improved foil barrier technologies) supports premium pricing and catalog expansion into aerospace and EV markets.
| Operational Lever | How it Improves Profitability |
|---|---|
| Plant footprint & capacity utilization | Higher utilization lowers fixed-cost per ton; management targets cyclical smoothing via tolling and contract blending. |
| Procurement & hedging | Raw-material sourcing and hedges mitigate aluminum price swings and protect margins. |
| Product mix optimization | Shifting sales toward higher-margin specialized products (automotive high-strength, aerospace alloys, advanced foil) raises overall gross margin. |
| Strategic partnerships | Alliances with automakers and suppliers create locked-in demand and co-development revenues. |
- Automotive: supply of rolled sheets and extruded structural profiles to vehicle manufacturers under multi-year offtake agreements; pricing often contains base metal pass-through plus processing premia.
- Aerospace & defense: certified alloys and tight-tolerance components sold at premium prices for which qualification cycles create high switching costs and recurring orders.
- Packaging & consumer goods: foil and thin-gauge rolled products sold to packaging converters under volume contracts tied to seasonal demand and inventory cycles.
- R&D investments focused on lower-weight/high-strength alloys for EV body-in-white and heat-exchanger applications, addressing a projected increase in automotive aluminum content per vehicle.
- Capacity expansion and modernization at select rolling and extrusion mills to improve yield, reduce energy intensity, and support larger-format automotive panels.
- Global sales network expansion to grow aftermarket and APAC market share, leveraging local partnerships to reduce logistics costs and win long-term supply contracts.
UACJ Corporation (5741.T): How It Makes Money
UACJ Corporation (5741.T) generates revenue primarily through production and sale of rolled aluminum products, extrusions, recycled aluminum and value-added processed materials for automotive, building, packaging and industrial markets. The company leverages integrated smelting, rolling, and recycling operations to capture margins across the value chain and sells both domestically and to export markets.- Core revenue streams: rolled products, extruded products, aluminum sheets/foils for packaging, recycled aluminum and processing services.
- Key end-markets: automotive, construction, electrical, packaging (including food & beverage), and industrial machinery.
- Competitive advantages: integrated operations, recycling capability, technology investment, and global sales network.
| Fiscal Year (ending Mar 31) | Revenue (JPY billion) | YoY Revenue Change | Profit attributable to owners (JPY billion) | YoY Profit Change |
|---|---|---|---|---|
| 2025 (reported) | 998.78 | +11.87% | (reported) - substantial increase | +101.9% |
| 2026 (forecast) | - | - | Business profit forecast | 46.0 billion JPY |
- Dividend policy: increased annual dividend to 160 yen per share for fiscal 2025, signaling cash-return confidence.
- Growth & investment focus: continued CAPEX on technological advancement, recycling capacity and selective global expansion to address rising aluminum demand.
- Market position & outlook: among Japan's top aluminum producers with a significant global share; guidance calls for modest business profit growth in fiscal 2025 despite macro uncertainties.
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