Company
Company overview
- Company name
- Elephantech Inc.
- Established
- January 2014
- Headquarters
- 4-3-8 Hatchobori, Chuo-ku, Tokyo 104-0032, Japan
- Representative
- Shinya Shimizu, Representative Director / CEO / Co-Founder
- Capital
- 100 million JPY
- Number of employees
- 140
- Board of directors
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Representative Director
Shinya Shimizu
CEO Co-Founder, Elephantech Inc.
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Board director
Masaaki Sugimoto
Co-Founder, Elephantech Inc.
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Board director
Keisuke Ito
CFO, Elephantech Inc.
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External Director
Tomihisa Kamada
CEO, LPIXEL Inc.
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External Director
Kengo Ueha
Representative Director, Beyond Next Ventures
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External Director
Masahiro Sameshima
General Partner, ANRI
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Standing audit & supervisory member
Kazuyuki Takiguchi
Audit & Supervisory Board member, Elephantech Inc.
(Former Director of KPP GROUP HOLDINGS CO., LTD.) -
External audit & supervisory member
Hisako Takahashi
ZeLo, a Foreign Law Joint Enterprise - Attorney at Law
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External audit & supervisory member
Hideyuki Hashimoto
Outside director (Member of the Audit and Supervisory Committees) of Silver Life Co., Ltd.
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- Business description
- Development of printed electronics manufacturing technology and provision of related services
As of August 1, 2025
Team
Board of directors
Representative Director / CEO / Co-Founder
Shinya Shimizu
Founded Elephantech Inc. in 2014, formerly known as AgIC Inc. Assumed Representative Director and CEO in 2014.
Prior to founding Elephantech, Shinya joined McKinsey & Company and provided consulting services mainly to manufacturing companies.
He holds a Master of Engineering degree from the Graduate School of Information Science and Technology at the University of Tokyo.
Board Director / Co-Founder
Masaaki Sugimoto
Co-founded Elephantech Inc., formerly known as AgIC Inc. in 2014. Appointed Director in 2014.
He holds a Master of Science degree from the Graduate School of Science, the University of Tokyo.
Board Director / CFO
Keisuke Ito
2025 - Appointed Board Director & CFO of Elephantech Inc.
2023 - Joined the company as Executive Officer and CFO
2019 - COO of APB Corporation, leading business development for lithium-ion battery operations
2013 - Management consultant at McKinsey & Company, advising manufacturers and investors on growth strategy, operational transformation and M&A, and managing investment portfolios
He holds a Bachelor of Engineering from the University of Tokyo.
Executive officers
Head of FPC Manufacturing Business
Kanji Oka
2025 - Appointed Executive Officer and Head of the FPC Manufacturing Business
2024 - Appointed Deputy General Manager of Technology Division
2023 - Joined Elephantech
2017 - Lead of global development of new technology development at HP Japan Inc.
2007 - Responsible for advancing technology development and driving commercialization at Samsung R&D Institute Japan Co.LTD.
1997 - Started career at Fuji Xerox Co., Ltd. (now FUJIFILM Business Innovation Corp.) in product development
He graduated from the School of Engineering, Osaka University.
Deputy Head of FPC Manufacturing Business
Naohiro Hirata
2025 - Appointed Executive Officer and Deputy Head of Inkjet Equipment and Materials Business
2023 - Appointed as an Executive Officer
2020 - Joined Elephantech
2019 - Lead of spark plug production line set-up at NGK SPARK PLUG Co., Ltd.
2013 - Technology Team Leader at Goodman Co., Ltd.
2005 - Responsible for rigid substrate production lines in Japan and overseas at IBDEN Co., Ltd.
He graduated from Gifu University, Faculty of Engineering.
Deputy Head of Inkjet Equipment and Materials Business
Hiroaki Nasu
2025 - Appointed Executive Officer and Deputy Head of Inkjet Equipment and Materials Business
2023 - Appointed Executive Officer in 2023
2022 - Joined Elephantech
2021 - Joined Microwave Chemical Co., Ltd., leading overall operations and business development
2017 - Consultant at IGPI, specialized in operational transformation and strategy development
2012 - Started career at JX Nippon Oil & Energy Corporation, specializing in R&D of functional materials
He holds a Master’s degree in Molecular Engineering from the Graduate School of Engineering, Kyoto University.
Head of Marketing
Satoshi Konagai
2025 - Appointed Executive Officer and Head of Marketing
2022 - Appointed COO and Executive Officer
2021 - Joined Elephantech
2020 - Visiting researcher at Columbia University Business School
2016 - Consultant at Industrial Growth Platform Inc (IGPI)
2013 - Started career in EY Strategy and Consulting Co., Ltd.
He holds a Master's degree in International and Development Economics from Yale University.
Head of Corporate
Keita Sakimura
2023 - Joined Elephantech as Executive Officer
2022 - M&A and Business Development Specialist at USEN-NEXT HOLDINGS
2019 - Consultant at IGPI, with a focus on strategy implementation, global PMI and turnarounds
2012 - Started career at SMBC, with roles in domestic corporate marketing and project finance/credit at the NY branch
He graduated from Hitotsubashi University with Bachelor's degree in Economics.
Company history
2014
Founded as AgIC Inc. in Bunkyo-ku, Tokyo.
2016
Initiated technical validation of flexible printed circuits (FPCs) using inkjet printing technology.
2017
Launched sales of FPC, P-Flex™, made using proprietary Pure Additive™ processing.
Renamed the company to Elephantech Inc.
2018
Relocated headquarter to Chuo-ku, Tokyo and established a small-scale demonstration line.
Launched sales of polyimide-based FPC P-Flex™ PI.*1
2019
Formed alliances with Seiko Epson Corporation and Mitsui Chemicals, Inc.
Raised a total of 1.8 billion yen in funding.
2020
Established AMC Nagoya as Pure Additive™ PCB mass production site.
2022
AMC Nagoya obtained ISO 9001 and ISO 14001 certifications.
Established Shinkiba R&D Center.
2023
Achieved 3.9 billion yen fund-raising.
2024
Achieved 3 billion yen in total funding.
Unified P-Flex™ products and Pure Additive™ technology branding under the proprietary SustainaCircuits™ brand.
Launched ELP-04: a cutting-edge inkjet printing platform for industrial PCB manufacturing.
Successfully developed general-purpose multilayer PCBs powered by SustainaCircuits™.
2025
Established new business by launching SustainaCircuits™ multilayer PCB production solutions.
Introduced world-class innovations including expanding FPC specifications to support thin- and thick-copper designs and launching 15nm copper nano filler.
- *1PI stands for Polyimide, which is the base material for flexible substrates.
The Elephantech way
