TACHI-S Co., Ltd.
Company Profile
Business Overview
-A leading seat manufacturer.
-Based on the mid-term management plan Transformative Value Evolution (TVE) that covers fiscal years 2021 through to 2024, the Company aims to achieve the following targets by the end of March 2025:
Sales: JPY 270 billion
Operating profit: JPY 9.0 to 10.0 billion.
Shareholders
| -Listed on the Prime Market of the Tokyo Stock Exchange | (As of Mar. 31, 2023) |
| Name or company name | Investment ratio (%) |
| The Master Trust Bank of Japan, Ltd. (Trust Account) | 11.73 |
| INTERTRUST TRUSTEES (CAYMAN) LIMITED SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP | 7.48 |
| The Custody Bank of Japan, Ltd. (Trust Account) | 4.46 |
| Toyota Boshoku | 2.98 |
| INTERTRUST TRUSTEES CAYMAN LIMITED AS TRUSTEE OF JAPAN-UP UNIT TRUST | 2.65 |
| Kasai Kogyo | 2.62 |
| Individual shareholder | 2.33 |
| Tachi-S Customer Stock Ownership Plan | 2.21 |
| Sumitomo Mitsui Banking Corporation | 2.17 |
| STATE STREET BANK AND TRUST COMPANY 505103 | 1.93 |
| Total | 40.56 |
Products
Seats
-Driver seat
-Rear seat
-Passenger seat
-Second seat
-Third seat
-Commercial vehicle seat
Mechanical Parts
-Manual recliner
-Thinner manual recliner
-Power recliner
-Thinner power recliner
-Manual Track
-Manual Seat Track With Internal Lever
-Front-Mounted Motor Power Seat Track
-Manual lifter brake
-Power Lifter Motor
-Seat Back Latch
-Seat Cushion Latch
Technologies
-SoftShell
-3-D Quilting
-GlueAnchor
History
| Apr. 1954 | Established Tachikawa Spring Ltd. in Tachikawa, Tokyo due to an organizational change to strengthen business foundation. This was a move to cope with the business expansion of Tachikawa Spring Works, a manufacturer and seller of precision springs and automotive seat components. |
| Sep. 1959 | Transferred headquarters and plant to Akishimashi, Tokyo, the current location. |
| Apr. 1961 | Spun off the precision spring division and established it as an independent company, Tachikawa Hatsujo (currently a consolidated subsidiary). |
| Apr. 1969 | Established Ome City Plant in Omeshi, Tokyo. |
| Jun. 1969 | Established Nihon Premaflex (currently Tachis Parts, a consolidated subsidiary) in Ome City, Tokyo. |
| Jan. 1973 | Established Kyoritsu Welder (now transferred to Iruma-Shi, Saitama Pref.) in Shinagawa-ku, Tokyo. |
| Mar. 1973 | Nissan Motors, Hino Motors, and Mitsubishi Motors bought into the Company. |
| Feb. 1976 | Established Kinryo Kogyo (merged with Ikeda Bussan; currently a consolidated subsidiary) in Toyotsu-machi, Miyako-gun, Fukuoka Pref. |
| Jun. 1976 | Established Osaka Branch (currently the Osaka sales office) in Nishi Yodogawa Ward, Osaka. |
| Aug. 1976 | Established Tachikawa Kogyo in Omori-machi, Hiraka-gun, Akita Pref. |
| Oct. 1976 | Bought into Fujiko Kogyo in Nagoya, Aichi Pref. |
| Apr. 1977 | Established Aichi Plant in Anjou, Aichi Pref. |
| Sep. 1978 | Acquired Nagoya Interior Ltd. |
| Jan. 1980 | Established Musashi Plant in Iruma, Saitama Pref. |
| Feb. 1982 | Established Tochigi Plant in Tochigi Pref. |
| Jun. 1982 | Established Hiratsuka Plant in Hiratsuka, Kanagawa Pref. |
| Jun. 1983 | Established Suzuka Plant in Mie Pref. |
| Sep. 1985 | Established Hiratsuka No.1 Plant (currently Hiratsuka Plant). |
| Apr. 1986 | Changed Company name to Tachis Co. Ltd. |
| Jun. 1986 | Established Tachis Engineering USA, Inc. in Michigan, USA (currently a consolidated subsidiary). |
| Nov. 1986 | Established Techno Trim Inc. (currently an affiliate) in Michigan, USA as a joint venture with Johnson Controls Inc. |
| Dec. 1986 | Listed on the Second Section of the Tokyo Stock Exchange. |
| Sep. 1987 | Established Seatechs Inc. in Ohio, USA (currently a consolidated subsidiary) as a joint venture with Johnson Controls. |
| Jan. 1989 | Acquired Fujiko Kogyo Ltd. |
| May 1990 | Established Hyperion Inc. (currently Hyperion Seating) in Tennessee, USA as a joint venture with Johnson Controls. |
| Mar. 1991 | Established the Suzuka No. 2 Plant (currently the Suzuka Plant) in Suzuka City, Mie Prefecture. |
| Apr. 1991 | Established Industrialde Asient Superial S. A. de C. V. (currently a consolidated subsidiary) in Aguascalientes, Mexico, as a joint venture with Mexico Nissan. |
| Mar. 1993 | Established and concentrated the R&D division at the Tachis Technology Center in Ome City, Tokyo. |
| Aug. 1993 | Shut down the Hiratsuka No. 2 Plant and integrated it into the No.1 Plant (currently the Hiratsuka Plant). |
| Mar. 1994 | Shut down the Suzuka No.1 Plant and integrated it into the No. 2 Plant (currently the Suzuka plant) and the Aichi Plant. |
| Apr. 1995 | Jointly with Shanghai Vehicle Awning & Cushioned Seat Factory, established Shaihai Taiye Auto Seat Co., Ltd. in Shanghai, China. |
| Aug. 1998 | Opened Tachis Engineering Center Aichi in Anjo City, Aichi Pref. |
| Dissolved the capital tie-up with Nissan Motor, and formed a capital tie-up with Fuji Kiko (currently one of affiliates). | |
| Jan. 2000 | Established Thing Tech NC. in North Carolina, U.S.A. |
| Feb. 2000 | Announced that the Company would close its Honsha Plant within a 2-year target period and instead, increase production volume at facilities in the U.S. and Mexico . |
| Mar. 2000 | Tachis and Fuji Kiko, following capital and business tie-up agreements, started to supply jointly-developed seats to domestic car manufacturers, reducing cost and weight by 10% from the level of existing products. |
| Jun. 2000 | Established a new car seat plant in Yokosuka City, responding to Nissan's production transfer to its Oppama Plant. The new plant will supply car seats for 12,000 units monthly. |
| Aug. 2000 | Set up Oppama Plant in Yokosuka City, Kanagawa Pref. |
| Jan. 2001 | Established a new seat cover sewing plant in Aguascalientes in central Mexico. As a result, production volume in Mexico accounted for 75% of the total output of North, Central, and South America. |
| Feb. 2001 | Jointly with Xi'an Qinchuan Auto, established a seat manufacturing company in Xi'an City, China. The two parties invested capital of 47.5% each. Asahi Trading invested the remaining 5%. It was the Company's second production site in China. Expected output is 10,000 units for the first year, and 50,000 units eventually. |
| Mar. 2001 | Opened Shanghai Office in Shanghai, China. |
| Mar. 2001 | -Thing Tech, TachiS's American subsidiary, announced that it would start commercial production of school bus seats based on the completely synchronized production system" to supply to Thomas Built Buses, Inc, a major school bus manufacturer in the U.S., expecting to become its only supplier by 2001. -Announced that the Company would establish a car seat parts manufacturing plant on a site adjacent to the Hiratsuka Plant, setting up an integrated production system in Hiratsuka. |
| May, 2002 | Transferred the headquarters site. |
| Jun. 2002 | Established Kanazawa office in Matto city, Ishikawa Pref. Closed down the headquarters plant. |
| Dec. 2002 | Dissolved capital alliance with Mitsubishi Motors. |
| Feb. 2003 | Established Tachi-S Taicang Co., Ltd in Taicang, Jiangsu Province, China |
| Mar. 2003 | Listed on the first section of the Tokyo Stock Exchange. |
| Aug. 2003 | Sold its shares in Shanghai Taiye Seat Co., Ltd. to its joint-venture partner. |
| Mar. 2004 | Established Fuji Autotech U.S.A. LLC, which is a joint venture with Fujikiko USA in Kentucky, U.S.A. |
| Apr. 2004 | Established TS Design Co., Ltd. in Ome-city, Tokyo (currently a non-consolidated subsidiary). |
| Sep. 2004 | Established Tachi-S Canada Ltd. in Nova Scotia, Canada (currently a consolidated subsidiary). |
| Sep. 2004 | Established Setex Canada GP (a joint venture with Johnson Controls Inc.) in Ontario, Canada (currently a consolidated subsidiary). |
| Oct. 2004 | Established Tachi-S Engineering Europe S.A.R.L in Velizy-Villacoublay, France (a non-consolidated subsidiary). |
| Nov. 2004 | Established Tacle Guangzhou Automotive Seat Co., Ltd. (a joint venture with Dongfeng Lear Automotive Seat Co. and Hsin Chong International Investment Co.) in Guangzhou, Guangdong, China (currently a non-consolidated subsidiary). |
| Jan. 2005 | Established Fuji Autotech Guangzhou Co., Ltd. (a joint venture with Fuji Kiko Co., Ltd. and Shanghai Min Fang Auto Parts Co., Ltd.) in Guangzhou, Guangdong, China (currently a non-consolidated subsidiary). |
| Sep. 2005 | Established Tacle Seating UK Limited (a joint-venture with Lear Luxembourg S.A.R.L.) in Tyne and Wear, U.K.; which is currently a consolidated subsidiary. |
| Dec. 2005 | Established Tacle Seating U.S.A. LLC (a joint-venture with Lear Operations Corporation) in Tennessee, U.S.A; which is currently a consolidated subsidiary. |
| Jul. 2006 | Established Nui Tec Corporation, a controlling company of the Company's sewing businesses. (Currently it is one of the Company's consolidated subsidiaries.) |
| Nov. 2006 | Formed a business tie-up with Kasai Kogyo Co., Ltd. |
| May, 2007 | Nui Tec Corporation (currently a consolidated subsidiary) merged with Tachikawa Kogyo and Fujiko Kogyo. |
| Dec. 2008 | Closed Oppama plant. |
| May, 2010 | Formed commercial alliance with Johnson Controls Inc. |
| Jun. 2010 | Invested in Johnson Controls Inc., making a capital tie-up. |
| Sep. 2011 | Established TACHI-S (Thailand) Co., Ltd. (current consolidated subsidiary) in Bangkok, Thailand. |
| Established PT.TACHI-S Indonesia (current consolidated subsidiary) in Karawang, Indonesia. | |
| Apr. 2012 | Established a Technology and Product-creation Center in Ome City, Japan. |
| May 2012 | Established Tachi-S Engineering Latin America, S.A. de C.V. in Aguascalientes, Mexico; which is currently a consolidated subsidiary |
| Aug. 2012 | Closed the TACHI-S Technical Center. |
| Sep. 2012 | Established Setex Automotive Mexico S.A. de C.V. in Guanajuato, Mexico; which is currently a consolidated subsidiary. |
| Jul. 2013 | Established TACHI-S Lear DFM Automotive Seating (Xiangyang) Co. Ltd. (current consolidated subsidiary) in Xiangyang, Hubei, China. |
| Oct. 2013 | Established TACHI-S Trim Wuhan Co., Ltd. (current consolidated subsidiary) in Wuhan, China. |
| Apr. 2014 | Turned TACLE Seating U.S.A. LLC and TACLE Seating Thailand Co., Ltd. into wholly owned subsidiaries, changing their names to TACHI-S Automotive Seating U.S.A. LLC and TACHI-S Automotive Seating (Thailand) Co., Ltd., respectively. |
| Mar. 2016 | Turned Tachikawa Hatsujou Co., Ltd. into a wholly owned subsidiary. |
| Mar. 2017 | Formed commercial alliance with Toyota Boshoku |
| Oct. 2017 | Acquired all the stock shares in TF-METAL and turned it into a subsidiary, after TF-METAL became the successor company through absorbing and spinning off the seat business of Fuji Kiko. |
| Jan. 2018 | Tachikawa Hatsujou Co., Ltd. merged TACHI-S Parts Co., Ltd. and changed to TACHI-S H&P Co., Ltd. |
| Apr. 2019 | Established Hunan TACHI-S Automotive Seating Co., Ltd. in Changsha, Hunan Province, China, a consolidated subsidiary through the acquisition of shares. |
| Dec. 2019 | Established a subsidiary in Jiashan County, Zhejiang Province. |
| Apr. 2022 | Moved from the First Section of the Tokyo Stock Exchange to the Prime Market due to the TSE's reorganization. |
| Oct. 2022 | Merger of Zhejiang TACHI-S Automotive Parts Co., Ltd and Zhejiang Fu Chong Tai Automotive Parts Co., Ltd. into operations of TF-METAL Zhejiang Co., Ltd. |
| Dec. 2022 | Closed Hiratsuka production plant and transferred operations to the Musashi production plant. Relocated the home office to the Engineering & Product Creation Center. |
Supplemental Information 1
>>>FY ended Mar. 31, 2008 Business report
>>>FY ended Mar. 31, 2009 Business report
>>>FY ended Mar. 31, 2010 Business report
>>>FY ended Mar. 31, 2011 Business report
>>>FY ended Mar. 31, 2012 Business report
>>>FY ended Mar. 31, 2013 Business report
>>>FY ended Mar. 31, 2014 Business report
>>>FY ended Mar. 31, 2015 Business report
>>>FY ended Mar. 31, 2016 Business report
>>>FY ended Mar. 31, 2017 Business report
>>>FY ended Mar. 31, 2018 Business report
>>>FY ended Mar. 31, 2019 Business report
>>>FY ended Mar. 31, 2020 Business report
>>>FY ended Mar. 31, 2021 Business report
>>>FY ended Mar. 31, 2022 Business report
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss
