Mission & Values

Our mission

Create new manufacturing technologies, make them global standards, and advance the world

How can we make better things easier. Throughout the ages, manufacturing technology has always been a major theme in the advancement of our world. The question becomes all the more important for our future as the population grows and demand diversifies.

Imagine if you could print electronic circuitry as easily as you could print a leaflet. P-Flex™ is a printed electronic circuit that we have put to practical use ahead of the rest of the world, making it possible to develop and manufacture electronic circuits far easier than ever before.

Technology does not end with development. We will continue to create new manufacturing technologies and will create an environment that can make it a global standard.

Our values

It isn’t easy to make something that never existed before and to spread it globally. We’re bound to come face to face with difficulties and problems that nobody even knew existed. To confront these, we hold the following common values.

Enjoy solving problems

We are tackling complex problems and so it is only natural that we cannot solve them easily.
We believe that being aware of this and enjoying the challenge brought by the problem is the right stance to adopt in facing these problems.

Do what you believe in

Especially as we are taking on problems that nobody in the world knows the answers to,
each and every member of the team needs to believe that what he or she is doing is right,
and can be proud of their work, we believe in the necessity for such an environment.

Work as the one team

At our company, department and position are merely descriptions of one’s main role,
and any success or failure does not belong to a single department or person.
We believe that it is right to not hold onto problems alone but to share and solve it as a single team that is our company.

About Elephantech

Elephantech Inc. is a startup that manufacture and sells P-Flex™, a flexible PCB manufactured using inkjet printing technology and copper plating.

When compared to conventional manufacturing processes of flexible substrates, the unique manufacturing method (*) of “printing metal only on the necessary parts by inkjet and using plating technology to grow the metal” has shortened the production process and succeeded in reducing both manufacturing cost and lead time as well as handling prototyping and mass production more flexibly.
(* Patent No. 6300213 acquired)

Management Team

Co-founder & CEO, Board Member
Shinya Shimizu
Master of electronics and information engineering, Graduate School of Information Science and Technology, University of Tokyo
2012: Joined McKinsey & Company and provided consultancy service mainly to manufacturers in Japan.
January 2014: Co-founded AgIC Inc. and became CEO.
Co-founder & SVP, Board Member
Masaaki Sugimoto
M.S., Earth and Planetary Science, Graduate School of Science, University of Tokyo
Coursework completed without obtaining a degree, doctorate program, Graduate School of System Design and Management, Keio University
January 2014: Co-founded AgIC Inc. and became Board Member and Vice President.
Tomihisa Kamada
Non-executive Director
Tomihisa Kamada
Founder and CEO, TomyK Ltd.
Co-Founder and former CEO, ACCESS Co., Ltd.
January 2014: Appointed as Non-executive Director at Elephantech Inc.
Tsuyoshi Ito
Non-executive Director
Tsuyoshi Ito
Managing Partner, Beyond Next Ventures
March 2016: Appointed as Non-executive Director at Elephantech Inc.
Shinji Ohshige
Non-executive Director
Shinji Ohshige
Managing Director, Innovation Network Corporation of Japan
September 2017: Appointed as Non-executive Director at Elephantech Inc.
Kengo Ueha
Non-executive Auditor
Kengo Ueha
Partner, Beyond Next Ventures
March 2016: Appointed as Outside Company Auditor at Elephantech Inc.


4-3-8 Hatchobori, Chuo-ku, Tokyo 104-0032, Japan

Open in Google Maps

  • 4 min. from Takaracho Station on the Toei Asakusa Line
  • 6 min. from Hatchobori Station on the Tokyo Metro Hibiya Line or the JR Keiyo Line
  • 7 min. from Kyobashi Station on the Tokyo Metro Ginza Line
  • 8 min. from Shintomicho Station on the Tokyo Metro Yurakucho Line


Contact Us

Inquiry about flex PCB fpc-sales@elephantech.co.jp
General inquiry hello_en@elephantech.co.jp

Contact Agencies

China (Exclusive agency)

Contact 汤可祯 tang-k@fukokutokai.com.cn (Sales)
Nebashi nebashi@fukokutokai.com.cn (Technical inquiries)
Company Fukoku Tokai (Shanghai) Co., Ltd.
Address 中国上海市长宁区仙霞路317号远东国际广场B栋2207室
Phone (021)52896601

Company Overview

Name Elephantech Inc.
Representative Shinya Shimizu, CEO
Establishment January 2014
Capital JPY 458,390,000 (including capital reserve)
Address 4-3-8 Hatchobori, Chuo-ku, Tokyo 104-0032, Japan
URL https://www.elephantech.co.jp/en/
Email hello_en@elephantech.co.jp
Business description Development of printed electronics manufacturing technology and provision of related services


2014 Jan.

Founded AgIC Inc.


Raised $80K on Kickstarter


Won Microsoft Innovation Award 2014


Won TechCrunch startup battle 2014

2015 Jan.

Raised JPY100M on an angel round


Announcement of AglC large-sized prints at SXSW

2016 Feb.

Raised JPY175M on a series A round from Beyond Next Ventures

2017 May

Started “AgIC on-demand AP-2”, the world’s first inkjet-based flexible PCB manufacturing service


Changed corporate name from AgIC Inc. to Elephantech Inc.

Raised JPY500M on a series B round from Innovation Network Corporation of Japan, Beyond Next Ventures, and Daiwa Corporate Investment


Started production of 50μm P-Flex™

2018 Jan.

Moved to Hatchobori and started the operation of our 2nd factory


We started production and sales of P-Flex™ PI


We started production of bioelectrodes and electrochemical sensors

Historical Products

We used to offer various products and services with another ink until July 2017. Here is a collection of these discontinued products and services.

These products below are unavailable.

Technical support of these products will also end at the end of 2017. Meanwhile, please contact us athello_en@elephantech.co.jp.

Printer & Marker

Elephantech started with a printer which prints silver ink on paper. Then the same technology was applied to a marker that you can draw circuits on paper with.


Printing and drawing circuits are great, but you need various components at the end. Our next challenge was to build the environment, so we designed some kits.

Manufacturing Service

It was a big decision to focus on the industrial services. Improving the quality to spread our circuit printing technology requires customized facilities, which led us to build our own factory and offer a PCB manufacturing service.